Wave Hello to Your New Accounting Solution - Wave
Overall Satisfaction with Accounting by Wave
We use Wave for our whole organization. We run various reports from within Wave to track and monitor performance for the firm. With Wave we can easily generate a professional sales invoice for our small company. The reports from the software give us a way to quickly analyze trends both short term and long term.
Pros
- The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
- The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
- It is very easy to generate a sales invoice and see the average period for our company to get paid.
- I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Cons
- One area of improvement for Wave would be combining the various mobile applications into one app.
- Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
- Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.
- Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
- The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
- The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
Wave stacks up well against QuickBooks especially from the price aspect. In addition the features within Wave are comparable to those found in QuickBooks. We selected Wave based on the reviews from other consumers and the ease of use with its web based application. Wave is so user friendly and will make bookkeeping much easier for business owners.
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