What is Wave?
Wave makes it easy to be your own boss. Focus on what you love, and lean on Wave's intuitive online software to manage your financial and organizational needs. Wave Apps makes your money-related tasks easy with: • Unlimited invoicing, 100% free! • Unlimited accounting, 100% free!
Company Details
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Real user data aggregated to summarize the product performance and customer experience.
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Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
90 Likeliness to Recommend
2
Since last award
94 Plan to Renew
1
Since last award
92 Satisfaction of Cost Relative to Value
1
Since last award
Emotional Footprint Overview
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
+98 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love Wave?
Pros
- Helps Innovate
- Continually Improving Product
- Reliable
- Performance Enhancing
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Cost Revenue Tracking
Accounts Receivable Invoicing
Expense Management
General Ledger Chart of Accounts
Accounts Payable Purchase Orders
Reconciliation
Budgeting Forecasting
Integration APIs
Project Accounting
Cash Flow Management
Dashboards, Analytics and Reporting
Vendor Capability Ratings
Ease of Customization
Ease of Implementation
Ease of IT Administration
Business Value Created
Usability and Intuitiveness
Availability and Quality of Training
Vendor Support
Ease of Data Integration
Breadth of Features
Product Strategy and Rate of Improvement
Quality of Features
Wave Reviews
Samuel B.
- Role: Finance
- Industry: Education
- Involvement: End User of Application
Submitted Aug 2021
Simple features
Likeliness to Recommend
What differentiates Wave from other similar products?
Its free features will cover all of users accounting needs.
What is your favorite aspect of this product?
There is an unlimited number of users who can use the software. It allows me to use one account to run multiple businesses.
What do you dislike most about this product?
In full-service payroll, the limit is only 14 states.
What recommendations would you give to someone considering this product?
Fantastic software but can be effectively used in small businesses.
Pros
- Helps Innovate
- Continually Improving Product
- Performance Enhancing
- Enables Productivity
Paulo S.
- Role: Sales Marketing
- Industry: Technology
- Involvement: Business Leader or Manager
Submitted Jun 2021
Likeliness to Recommend
Pros
- Helps Innovate
- Reliable
- Enables Productivity
- Trustworthy
Sean V.
- Role: Operations
- Industry: Retail
- Involvement: Business Leader or Manager
Submitted Jun 2021
Most of what small businesses need with no cost
Likeliness to Recommend
What differentiates Wave from other similar products?
Wave is cloud-based accounting with no cost. There are adjacent services like invoicing/processing, payroll, and expert assistance for purchase- but not required and not obtrusive. It has a more intuitive interface than other accounting software with the same basic features.
What is your favorite aspect of this product?
My favorite aspect of this product is the automated bank connection- it syncs transactions daily so keeping track of entries is simple. The AI auto-suggests accounts for categorizing new bank transactions. Most major accounting programs have this, so my second favorite feature is the price. There is so much of the same functionality as big-name software without the absurd price tag. The search and filter function for transactions is also very comprehensive. Our tax prep service was even impressed with the reports.
What do you dislike most about this product?
There are still a few features Wave could improve on, like receipt uploading. It has a convenient app for scanning receipts, but scans don't auto-match to your corresponding bank transaction and merging them is a clunky, tedious process. The "scans" are also just pictures and don't detect data from lines on the receipt.
What recommendations would you give to someone considering this product?
For a small business, startup, or business owner handling the accounting, Wave is absolutely the way to go. I think it's an overall better product than big-name competitors and savings are huge. In the beginning I started with Wave, but a colleague insisted our business should just pay for Quickbooks. I tried that for two months expecting something amazing, but it had the same features and functionality as Wave with a huge price tag and no customer support. So I switched back to Wave and couldn't be happier. I absolutely recommend using Wave and can't wait to see what new features they develop.
Pros
- Reliable
- Trustworthy
- Inspires Innovation
- Client Friendly Policies
