Wave Accounting

Wave Accounting

Wave Financial
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About

Veryfi is software that takes the work, error and frustration out of construction bookkeeping while enabling real-time field intelligence. Starting with automation of time & materials to digitize and end 90% of the time wasted doing it by hand and chasing records. Traditionally, bookkeeping is a monthly ritual. At Veryfi we have seen exceptional businesses reach financial prosperity when they steer in real-time, not at the end of the month. Hence, Veryfi as a mobile-first bookkeeper built for teams. This makes it easy, fast and reliable for teams to get information from the field (physical world) and into a system of record (digital world) with minimal user intervention. Veryfi is building the next generation of construction bookkeeping automation software with pure tech, and without the restrictions of legacy technology or methods.

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 Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Architecture, Engineering & Construction (AEC) workforce, Subcontractors, Specialty Trade

Audience

Small business owners, entrepreneurs, and freelancers that need a powerful but free or low-cost accounting system

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

- Mobile Expense app /w OCR
- Store documents indefinitely
- Integrates with QuickBooks and Xero
- Bank and credit card import
- Bills Fetch, Bulk Uploader, et al.
- 3 x Profiles per user
- Share your data with your bookkeeper or accountant
Free Version Supported
Free Trial Supported

Pricing

$35 per month
Free Plan, Pay-per-use Plan, and Monthly plan all offered.
Free Version Supported
Free Trial Not Supported

Reviews/Ratings

Overall 4.9 / 5
ease 4.7 / 5
features 4.7 / 5
design 4.5 / 5
support 4.7 / 5

Reviews/Ratings

Overall 3.3 / 5
ease 3.7 / 5
features 3.7 / 5
design 4.1 / 5
support 3.1 / 5

Pros & Cons from Real Users

Pros

  • Velocity in adding tickets, an easy way to integrate all the information from previous sales into your accountability reports and expenses.
  • Administrators can test it out with drag and drop ease, team support, and of course the API for OCR scanning with machine learning, so results get better. Our users could also send their receipts to VeryFi (white-label email solution).
  • So easy to scan and organize receipts, expenses for business and personal, easy to categorize. Can scan or send from email.
  • This app is easy to use, efficient for my roofing business' processes, and all around just a great app. I'm not good at leaving reviews but I am good at telling the truth and thats the app is great for business.
  • The app has a brilliant ocr, it’s accurate and very easy to capture your receipts. The app tells you when an invoice is unclear. There is no limit to how you can manipulate your data, the greatest plus point is that it can be tailored to your own needs. You have the ability to add your clients and your projects, which has converted my accountant to use the app as well. For the ease of use, the look, the feel and functionality, I would give these guys fifteen stars if I could. If you were looking for an app that makes data capturing easier than taking a photo, look no further, this is the best app I have had the pleasure to use!

Cons

  • It takes time to understand rules and to create ones, as in every new thing. It is still difficult to copy data into Excel as it is not prepared as an easy step.
  • For the API they expect an annual contract, but as a startup we prefer a pay as you go model.
  • Only con is the cost. But still worth it for the time saved.
  • Nothing. I love everything about this app. It is the best.
  • It’s been very good so far, it might have a glitch or two when you are too hasty and then you take too many pictures at once, and it then resets itself. Other than that, it does what YOU need it to, it’s easy to understand and it’s easy to use.

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 Supported
Webinars Supported
Live Online Supported
In Person Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Veryfi
Founded: 2017
United States
www.veryfi.com

Company Information

Wave Financial
Founded: 2009
Canada
www.waveapps.com/accounting

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Categories

Accounting Supported
Bookkeeping Supported
Expense Report Supported
Finance Supported
Receipt Scanner Supported

Categories

Accounting Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Not Supported
Cash Management Supported
CPA Firms Supported
Cryptocurrency Support Not Supported
Expense Tracking Supported
Fixed Asset Management Not Supported
Fund Accounting Not Supported
General Ledger Supported
Government Supported
Multi-Currency Supported
Nonprofits Supported
Payroll Management Supported
Project Accounting Supported
Purchase Orders Supported
Tax Management Supported

Bookkeeping Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Supported
Cash Management Supported
Collections Supported
Expense Tracking Supported
Fixed Asset Management Supported
General Ledger Supported
Payroll Supported
Revenue Recognition Supported
Spend Management Supported
Tax Management Supported

Expense Report Features

Approval Process Control Supported
Invoice Management Not Supported
Multi-Currency Supported
Receipt Management Supported
Reimbursement Management Supported
Spend Control Supported
Time Tracking Supported
Workflow Management Supported

Accounting Practice Management Features

Approval Workflow Supported
Billing & Invoicing Not Supported
Client Management Supported
Client Portal Supported
Document Management Supported
Due Date Tracking Supported
For CPA Firms Supported
Project Management Supported
Staff Management Supported
Time Tracking Supported

Accounting Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Supported
Cash Management Supported
CPA Firms Supported
Cryptocurrency Support Not Supported
Expense Tracking Supported
Fixed Asset Management Supported
Fund Accounting Supported
General Ledger Supported
Government Supported
Multi-Currency Supported
Nonprofits Supported
Payroll Management Supported
Project Accounting Supported
Purchase Orders Supported
Tax Management Supported

Bookkeeping Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Supported
Cash Management Not Supported
Collections Not Supported
Expense Tracking Supported
Fixed Asset Management Not Supported
General Ledger Supported
Payroll Supported
Revenue Recognition Not Supported
Spend Management Not Supported
Tax Management Not Supported

Accounts Receivable Features

ACH Payment Processing Not Supported
Billing & Invoicing Supported
Check Processing Not Supported
Collections Management Not Supported
Online Payment Processing Not Supported
Overpayment Processing Not Supported
Partial Payments Not Supported
Receivables Ledger Not Supported
Recurring Billing Not Supported

Billing and Invoicing Features

Billing Portal Supported
Contact Database Supported
Contingency Billing Not Supported
Customer Portal Not Supported
Customizable Invoices Supported
Dunning Management Not Supported
Hourly Billing Not Supported
Invoice History Supported
Mobile Payments Not Supported
Multi-Currency Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Not Supported
Project Billing Supported
Recurring/Subscription Billing Not Supported
Service Ticket Billing Not Supported
Tax Calculator Not Supported

Real Estate Accounting Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Commission Management Not Supported
Contract Management Not Supported
General Ledger Supported
Mobile Access Supported
Payroll Supported
Property Development Management Not Supported
Reporting / Analytics Supported
Work Order Management Not Supported

Integrations

Google Drive Supported
Avaza Not Supported
Datameer Not Supported
Dropbox Supported
Dubb Not Supported
Freedcamp Not Supported
Fulcrum Not Supported
Gmail Not Supported
HubSpot CRM Not Supported
KonnectzIT Not Supported
Make Not Supported
MinuteDock Not Supported
Pabbly Connect Not Supported
QuickBooks Online Advanced Supported
Refold Not Supported
RegFox Not Supported
Saasu Supported
Stripe Not Supported
The Keeper's Ledger Not Supported
Zapier Not Supported

Integrations

Google Drive Supported
Avaza Supported
Datameer Supported
Dropbox Not Supported
Dubb Supported
Freedcamp Supported
Fulcrum Supported
Gmail Supported
HubSpot CRM Supported
KonnectzIT Supported
Make Supported
MinuteDock Supported
Pabbly Connect Supported
QuickBooks Online Advanced Not Supported
Refold Supported
RegFox Supported
Saasu Not Supported
Stripe Supported
The Keeper's Ledger Supported
Zapier Supported
Claim Veryfi and update features and information
Claim Veryfi and update features and information
Claim Wave Accounting and update features and information
Claim Wave Accounting and update features and information