Beacon Accounting vs. Wave Accounting Comparison


Beacon Accounting Beacon Systems	Wave Accounting Wave Financial	+	+
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		Related Products Xero Save 80% for 4 months on Xero's award-winning accounting and online bookkeeping platform for businesses of all sizes and stages of growth. Beautifully simple, Xero covers a wide range of features that help businesses manage their finances effortlessly, including invoicing, inventory, bank connections, payroll, reporting and more. Xero also offers users free online support 24/7. Xero offers a robust ecosystem of connected apps and integrations with banks and financial institutions, enabling small businesses to access a wide range of solutions within Xero's open platform to streamline operations and manage finances. Additionally, accounting and bookkeeping firms benefit from efficient compliance tools, advanced practice management software, and a cloud-based unified accounting ledger for all clients, centralized in one place. 5,938 Ratings Visit Website Sage Intacct Sage Intacct is a premier cloud-based financial management software designed for growing businesses. It offers comprehensive features including core financials, accounts payable and receivable, cash management, and multi-entity consolidations. Sage Intacct's advanced modules cater to complex financial needs, ensuring scalability as your business grows. The software integrates seamlessly with other business applications, providing real-time financial and operational insights. Its user-friendly interface and customizable dashboards empower your team to adapt quickly and make data-driven decisions. Sage Intacct's robust reporting capabilities and automation of key financial processes help improve accuracy, efficiency, and compliance. Trusted by thousands of organizations, Sage Intacct streamlines financial operations, enhances visibility, and drives business growth. With award-winning customer support and continuous innovation, Sage Intacct is your partner. 8,554 Ratings Visit Website Melio Melio is an accounts payable tool built to simplify bill payments, boost workflow efficiency, and optimize cash flow for businesses of all sizes. To get started, try all of Melio's features free for 30 days! Pay vendors online through bank transfers or credit/debit cards, even if they typically accept checks—Melio manages the manual work for you. Effortlessly integrate with QuickBooks and Xero to ensure your financial records stay current. With Melio, pay by bank transfer or card to extend cash flow and earn rewards. Adding vendor or bill details is a breeze—input them manually, upload files, or take a photo of invoices. Schedule payments to align with your cash flow, and let Melio handle the rest. International vendor payments are made easy by paying in their local currency for products and services your business needs. The Melio mobile app, available for iOS and Android, lets you monitor and manage payments anytime, giving you full control over your finances on the go. 2,212 Ratings Visit Website Striven Striven is the all-in-one business management software that lowers your costs, improves your operations, and makes work easier. Make your company’s data coherent, connected, and relevant. With over two decades of expertise in Software Services, we’ve collaborated to help over 8,600 organizations in dozens of industries make their operations more secure, efficient, and valuable to their customers. Helping people accomplish more has always been our mission. Now, it’s the heart of our software. We offer simple, straightforward pricing plans and an unbeatable guarantee. You can even get started right now at absolutely no cost. There’s no trial, expiration date, or contractual obligation on any of our plans. 235 Ratings Visit Website Odoo Odoo is a fully integrated, customizable, open-source software packed with hundreds of expertly designed business applications. Odoo’s intuitive database is able to meet a majority of business needs, such as: CRM, Sales, Project, Manufacturing, Inventory, and Accounting, just to name a few. Odoo is an all-in-one software solution designed to meet the needs of companies, regardless of their size (or budget). The unbeatable, seamless nature of Odoo helps businesses become more efficient by reducing redundant manual processes, which helps companies save countless hours of labor. Every module is interconnected to provide a fully-integrated experience from app to app, and users can automate many processes that would’ve otherwise required manual inputs into multiple applications. Odoo keeps all business functions in one place, allowing teams to collaborate with other departments from one unified platform in the most efficient way possible. 1,705 Ratings Visit Website Invoice Home Choose from hundreds of beautiful invoice templates to create and send custom invoices. Add a professional touch to your invoices by uploading your business logo. Add a personal touch with your own signature. Keep track of invoices on both desktop and mobile devices. Get paid instantly when using one of the supported payment gateways. Go green and avoid printing invoices on paper by emailing them directly to your customers. Creating an account is free and there is no cost for invoicing a combined total of $1000 worth of invoices every 30 days. Sign up today and start invoicing easier with Invoice Home. 5,708 Ratings Visit Website Hubstaff Hubstaff is a time tracking software that helps teams log hours, monitor productivity, and automate payments — whether remote, hybrid, in-office, or field-based. Available on desktop, web, and mobile, Hubstaff enables employees to track time against specific tasks and projects from anywhere. Managers get built-in visibility through app and URL usage data, activity rates, and optional screenshots — all configurable by user role. Designed for global, growing and distributed teams, Hubstaff includes built-in productivity monitoring and workforce analytics to help businesses analyze how time is spent, identify inefficiencies, and improve performance — without micromanagement. 3,990 Ratings Visit Website Gravity Software Multi-Entity Cloud Accounting Software for Growing Businesses Gravity Software is a cloud-based accounting solution designed for companies that have outgrown QuickBooks but don’t need the cost or complexity of Sage Intacct or larger ERP systems. Built natively on the Microsoft Power Platform (Dynamics 365), Gravity delivers robust multi-entity financial management with seamless integration to Microsoft 365, Power BI, Teams + Copilot — no third-party add-ons required. 🎈 Multi-entity & multi-location accounting 🎈 Automated intercompany transactions 🎈 AP automation & multi-level approvals 🎈 Real-time consolidated reporting & dashboards 🎈 Advanced analytics with Microsoft Power BI 🎈 Easy navigation from accounting to sales & service Trusted by growing companies in real estate, family offices, professional services, healthcare, hospitality, and nonprofits, Gravity helps businesses simplify complex accounting, improve cash flow, and scale with confidence. 45 Ratings Visit Website Darwinbox Darwinbox is an AI-powered, mobile-first HCM platform that streamlines the complete employee lifecycle on a single, intuitive interface. It simplifies and automates core HR processes including recruitment, performance management, payroll, analytics, and more. Designed for global and rapidly growing organizations, Darwinbox combines advanced AI capabilities with scalable workflows to manage complex workforce structures effortlessly. Trusted by over 1,000 enterprises worldwide, including JSW, Starbucks, Lulu Group, HDFC Bank, Gokongwei Group, and Singlife, Darwinbox empowers HR teams and employees with a seamless digital experience that drives productivity and engagement. 914 Ratings Visit Website Fixed Asset Pro Fixed Asset Pro is a powerful and budget-friendly fixed asset depreciation system. It gives small and mid-sized companies, organizations and their CPAs a better way to calculate depreciation and prepare the reports needed for financial, accounting, tax, and fixed asset management. * No limits to the number of assets or entities. * All the depreciation calculations you need for Book and Tax. 68 depreciation methods. 6 different books. Half-year/mid-month/mid-quarter. Bonus deprec., Section 179, and more. * Maintain your asset inventory. Track assets and depreciation throughout the entire fixed asset life cycle—from CIP to disposal. * Complete reporting for accounting, tax and management. * Continually updated for tax and accounting rule changes. Fixed Asset Pro is a full-featured depreciation system. Streamline workflow. Maintain fixed asset records over the entire asset life cycle. Maximize tax deductions. Produce up-to-date reports. Eliminate spreadsheet hassles. 215 Ratings Visit Website
About Monitor & manage your business in the cloud. Use a world class all-in-one cloud software to handle your accounting, billing, inventory, production and payroll. Financial statements are interpreted and presented in an easy to understand dashboard to the boss. It's not just simple for staff to use, the accountant's module makes it possible for complex and power users to perform their needed functions. With unlimited users, you only pay a fixed price per company. It's no wonder that more than 1,000 companies are already using Beacon. We constantly monitor feedback from users and produce necessary tutorial contents to cater for as many situations as possible. All users are able to login concurrently and collaborate smoothly. Being efficient and getting things done is priority in your business. Automated backups will put you at ease of mind on the hard disk crash / virus attacks / recoveries. You'll also save on your IT maintenance.	About Powerful, free accounting software. Wave’s easy-to-use accounting software can connect your bank accounts, sync your expenses, balance your books, and get you ready for tax time. Start taking control of your finances today. We designed Wave for small business owners. No jargon, just easy software that makes sense. After creating your account, everything's set up so you can get started right away. Access it anywhere, any time. Your data is always available, and it’s backed up for extra peace of mind. Connect your bank accounts in seconds. The transactions will appear in your bookkeeping automatically, and you can say goodbye to manual receipt entry. Have an eye on the big picture so you can make better business decisions. Our robust reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. When everything is neatly where it belongs, tax time is simple.
Platforms Supported Windows Mac Linux Cloud On-Premises iPhone iPad Android Chromebook	Platforms Supported Windows Mac Linux Cloud On-Premises iPhone iPad Android Chromebook
Audience Companies of all sizes searching for an all-in-one cloud software to handle accounting, billing, inventory, production and payroll	Audience Small business owners, entrepreneurs, and freelancers that need a powerful but free or low-cost accounting system
Support Phone Support 24/7 Live Support Online	Support Phone Support 24/7 Live Support Online
API Offers API	API Offers API
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing $20 per month Free Version Free Trial	Pricing $35 per month Free Plan, Pay-per-use Plan, and Monthly plan all offered. Free Version Free Trial
Reviews/Ratings Overall 0.0 / 5 ease 0.0 / 5 features 0.0 / 5 design 0.0 / 5 support 0.0 / 5 This software hasn't been reviewed yet. Be the first to provide a review: Review this Software	Reviews/Ratings Overall 3.3 / 5 ease 3.7 / 5 features 3.7 / 5 design 4.1 / 5 support 3.1 / 5 Read all reviews
	Pros & Cons from Real Users Pros Ease, look, my older business accounts are still free, even though my newest one I have to pay for, imports from bank back to 365 days! I honestly can't say anything else good about Wave. It is free easy to use. It takes a lot to set it up but the invoicing and ease of payment for clients is great. This is probably the best self-employed, low budget accounting solution available on the market because you can't beat the price (FREE). We could manage the accounting for our small business until we couldn't. The software worked until it didn't. What I love about Wave is that the accounting and reports, sending invoices, receipt scanning and email support all included for FREE. You cant beat that! Cons Disconnects from bank too often, updates crash account, and recently last update messed up all my accounts so badly that I am now forced to look for a different company bcuz Wave blames it on my bank and won't assist me. Customer Service is horrible and all of it is online, chat which makes it virtually impossible to get anything done - why can't a company get access to my computer to assist, or just have free phone technical support? With this last update, they added Tags and Perks. All my bank accounts disconnected in all three of my business accounts (not my credit card accounts thought). When I reconnected, one: none of my bank accounts are showing the last 3-4 digits so I have no idea which ones to connect now to which business w/out much, much effort, two: when I did import the bank accounts Wave is now combining all transactions between both bank accounts and not in the correct one, and not showing the correct balance in all of them, three: I deleted the bank accounts and reconnected over and over and over and over again, different ways without success to the point I decided to delete the incorrect transactions in the different accounts, only now, when I deleted those transactions, then deleted the bank account to reconnect in hopes with would work, now ALL these deleted transactions won't even transport now - EVEN THOUGH Wave is still showing the correct balances! Fourth: Now with a company bank connection, Wave is asking for a Company ID number - what the heck is this, where can I find it, and if you don't have a Company ID number Wave does not allow the connection! This year this software has disappointed me it has lost bank connections and then tripled the transactions I am not happy and am looking for something that works better. The financial statements are not very professional looking. It does not always remember the proper place to put things and so you really have to be careful reviewing process has to be intense. I am not sure that I will continue to use it after the mess this year still working on fixing the messes. If you have more than one person as admin it screws it up so bad. The reports are not nuanced. You won't get a P&L detail or a P&L by month across multiple months...the rules are not very dynamic. Zero respect for the criticality of a businesses accounting systems and data Well if you have to pick something to dislike about a FREE software I guess I'd have to say I dislike that Wave seemed so new and they are constantly updating and I'm always losing where things are kept. I have a terrible memory!
Training Documentation Webinars Live Online In Person	Training Documentation Webinars Live Online In Person
Company Information Beacon Systems Malaysia www.beaconsbay.com	Company Information Wave Financial Founded: 2009 Canada www.waveapps.com/accounting
Alternatives QuickBooks Online Intuit	Alternatives Xero
Xero	FreshBooks
Sage Intacct	QuickBooks Online Intuit
FINSYNC	Sage Intacct
Patriot Accounting Patriot Software View All	AccountEdge Priority Software US View All
Categories Accounting Billing and Invoicing Medical Accounting Payroll Trucking Accounting	Categories Accounting Accounts Receivable Billing and Invoicing Bookkeeping Expense Report General Ledger Law Firm Accounting Medical Accounting Real Estate Accounting Receipt Scanner Recurring Billing Restaurant Accounting
Billing and Invoicing Features Billing Portal Contact Database Contingency Billing Customer Portal Customizable Invoices Dunning Management Hourly Billing Invoice History Mobile Payments Multi-Currency Online Invoicing Online Payments Payment Processing Project Billing Recurring/Subscription Billing Service Ticket Billing Tax Calculator	Accounting Features Accounts Payable Accounts Receivable Bank Reconciliation Billing & Invoicing Cash Management CPA Firms Cryptocurrency Support Expense Tracking Fixed Asset Management Fund Accounting General Ledger Government Multi-Currency Nonprofits Payroll Management Project Accounting Purchase Orders Tax Management Billing and Invoicing Features Billing Portal Contact Database Contingency Billing Customer Portal Customizable Invoices Dunning Management Hourly Billing Invoice History Mobile Payments Multi-Currency Online Invoicing Online Payments Payment Processing Project Billing Recurring/Subscription Billing Service Ticket Billing Tax Calculator Show More Features Accounts Receivable Features ACH Payment Processing Billing & Invoicing Check Processing Collections Management Online Payment Processing Overpayment Processing Partial Payments Receivables Ledger Recurring Billing Bookkeeping Features Accounts Payable Accounts Receivable Bank Reconciliation Billing & Invoicing Cash Management Collections Expense Tracking Fixed Asset Management General Ledger Payroll Revenue Recognition Spend Management Tax Management Real Estate Accounting Features Accounts Payable Accounts Receivable Bank Reconciliation Commission Management Contract Management General Ledger Mobile Access Payroll Property Development Management Reporting / Analytics Work Order Management
Integrations APIANT Avaza BlueCamroo Datameer Dubb Easyflow Field Service Cloud ForwardAI Fulcrum Integration Labs Microsoft Outlook North One OutboundEngine Paycove Payment Rails Rayven Refold Wave Payroll Workato Zapier Show More Integrations	Integrations APIANT Avaza BlueCamroo Datameer Dubb Easyflow Field Service Cloud ForwardAI Fulcrum Integration Labs Microsoft Outlook North One OutboundEngine Paycove Payment Rails Rayven Refold Wave Payroll Workato Zapier Show More Integrations View All 66 Integrations
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