AccountEdge vs. Wave: Which is Best? - Wheelhouse

AccountEdge vs. Wave: Which is Best?

AccountEdge vs. Wave Best Overall: AccountEdge

In our comparison of AccountEdge vs. Wave, AccountEdge is the best option with a higher overall Wheelhouse Score. Wheelhouse Score uses a combination of feature and pricing comparison data, average user ratings, and editorial reviews to score software vendors on a scale of 1-10.

Quick Info

AccountEdge Quick Info
WH Score:
8.1
Pricing Score:
7.6
Feature Score:
7.7
Usability Score:
7.6
Company Size:Small Business, Mid Market
Platforms:
Wave Quick Info
WH Score:
7.8
Pricing Score:
7.1
Feature Score:
7.6
Usability Score:
7.9
Company Size:All Sizes
Platforms:

Pricing

AccountEdge Pricing
AccountEdge Pro
$20
per user / per month
AccountEdge Network Edition
$30
per user / per month
AccountEdge Hosted
$50
per user / per month
Wave Pricing
Wave Money Management
Free
per user / per month

Features

AccountEdge Features
  • General Ledgers
  • Invoicing & Billing
  • Estimates & Quotations
  • Receivables & Collections
  • Sales & Purchase Orders
  • Reconciliations
  • Payment Processing
  • Payment Gateways
  • Revenue Management
  • Credit Management
  • Business Strategy Planning
  • Tax Calculation & Filing
  • W-2
  • W-9
  • W-4
Wave Features
  • General Ledgers
  • Invoicing & Billing
  • Estimates & Quotations
  • Receivables & Collections
  • Sales & Purchase Orders
  • Reconciliations
  • Payment Processing
  • Payment Gateways
  • Revenue Management
  • Credit Management
  • Business Strategy Planning
  • Tax Calculation & Filing
  • W-2
  • W-9
  • W-4

Pros & Cons

AccountEdge Pros & Cons
Pros
  • Simple to use and nice layout.
Cons
  • The software is not online or bank feed friendly, and it lacks a full-service payroll option
  • Customization options for reports are severely limited.
Wave Pros & Cons
Pros
  • None.
Cons
  • Unfortunately, I have found that Wave has restricted usage in some countries where it is really needed
  • This can be frustrating when I am working with clients or partners in those areas.

Reviews

AccountEdge Reviews
Top Favorable Review
E
Elizabeth
Reviewed on Jul 2, 2021

The software is user-friendly and has a good look, but there is a dearth of customer assistance. The user updated to the 2021 version, which broke a number of capabilities, including Outlook's email sending functionality. The issue wasn't fixed for months, therefore the user was forced to manually send invoices. In order for their accountant to work on their file during tax season, the user was instructed to upgrade to the 2022 version. Although the software may be inexpensive, the user cautions others not to count on receiving help without spending more money.

Simple to use and nice layout

Customer support wasn't good, 2021 version broke a lot of features, 2022 version is needed to get support and had to wait months for a fix and send out invoices manually

Top Critical Review
C
Carolyn
Reviewed on Jul 2, 2021

AccountEdge is suitable for small businesses with employees but requires a significant amount of manual entry, even with a costly annual subscription

The software is easy to use with a clean interface. It offers features such as payroll liability payments and recurring transactions similar to Quickbooks. The price is fair, and the support team is helpful. The ability to attach documents is a useful feature.

The software is not online or bank feed friendly, and it lacks a full-service payroll option. Customization options for reports are severely limited.

Wave Reviews
Top Favorable Review
L
Leon
Reviewed on Jul 2, 2021

Routines for Wave's bank transactions are utterly failing. Wave lost the settings for connecting to bank accounts in February 2020, and automatic transaction imports ceased. As of January 2021, Wave is unable to resolve this problem and is forcing its clients to perform painful manual transaction uploads.

None

Transaction import function does not works

Top Critical Review
P
Paul
Reviewed on Jul 2, 2021

Wave is solving a major problem for me by making accounting and invoicing much easier and more streamlined. With this tool, I am able to prepare estimates and invoices quickly and accurately, which saves me a lot of time and effort.

I really appreciate how easy it is to do accounting and invoicing with Wave. With just a few accounting entries, I can prepare my accounts quickly and efficiently.

Unfortunately, I have found that Wave has restricted usage in some countries where it is really needed. This can be frustrating when I am working with clients or partners in those areas.

Alternatives

AccountEdge Alternatives
Wave Alternatives
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AccountEdge vs. Wave: Detailed Comparison

AccountEdge vs. Wave Top Ratings & Reviews: Wave

In our rating and review comparison of AccountEdge vs. Wave, Wave has 11 user reviews and AccountEdge has 14. The average star rating for Wave is 3.81 while AccountEdge has an average rating of 3.07. Wave has more positive reviews than AccountEdge. Comparing AccountEdge vs. Wave reviews, Wave has stronger overall reviews.

AccountEdge vs. Wave Best Features & Functionality: AccountEdge

AccountEdge vs. Wave both offer a strong set of features and functionality including Accounting Features, Cash Flow Management, Supported Tax Forms, Payroll Management, Customer Management, Expense Management, Budget Management, Payment Options, Payment Partners, Inventory Management, Reporting & Analytics, Collaboration Tools, File Management, Customizable Items, Appointments/Scheduling, Drag-and-Drop Builders/Designers, Data Management, Data Migration, Sync/Refresh, Integration Options, Third-Party Integrations, Microsoft 365, Adobe, Cybersecurity Features, Disaster Recovery, After-Sales Service, Employee Management, Project Management Features, Deployment Options. In our feature comparison of AccountEdge vs. Wave, AccountEdge offers more of the most popular features and tools than Wave.

AccountEdge vs. Wave Best Pricing: Wave

In our pricing comparison of AccountEdge vs. Wave, Wave's pricing starts at Free/month and is more affordable compared to Wave's starting cost of Free/month.

AccountEdge vs. Wave Best Usability: Wave

Our comparison of AccountEdge vs. Wave shows that Wave scores higher in usability for ease of use, learning curve. AccountEdge scores higher in meets requirements, setup & support, quality of support, ease of admin, but Wave has the best scores overall for system usability.

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