Wave Accounting vs SlickPie

Last Updated:

Our analysts compared Wave Accounting vs SlickPie based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Wave Accounting Software Tool

Product Basics

Wave Accounting streamlines financial management for small businesses and freelancers. Its intuitive interface simplifies bookkeeping tasks like expense tracking, invoicing, and receipt scanning. Users praise its ease of use and mobile accessibility, making it ideal for entrepreneurs on the go. Wave offers core accounting features like bank reconciliation and income/expense reports, all for free. Premium plans unlock advanced functionalities like payroll, double-entry bookkeeping, and tax filing for an affordable monthly fee. Compared to similar products, Wave shines in user experience. Reviews highlight its intuitive design, helpful tutorials, and responsive customer support. However, its free plan lacks features crucial for larger businesses, requiring an upgrade for robust accounting needs. Ultimately, Wave excels as a beginner-friendly, cost-effective solution for solopreneurs and small teams seeking hassle-free financial management.

Pros
  • Free core features
  • Easy to use interface
  • Mobile-friendly design
  • Excellent customer support
  • Free bank reconciliation
Cons
  • Limited features in free plan
  • No inventory tracking
  • No double-entry accounting
  • Few integrations with other software
  • Limited reporting options
read more...
SlickPie is a comprehensive, user-friendly solution designed for small businesses. It offers simple yet innate bookkeeping procedures to keep financial processes headache-free. Access financial data from any location, obtain 24/7 clientele payment management, and execute automatic transactions with recurring invoices and payment reminders.

Its top features include online invoicing and billing, automated data entry, live bank feeds, financial reports, bank reconciliations, multi-currency and quote creation. Access numerous reports from balance sheets and general ledgers to journal reports and more. SlickPie permanently closed in March 2021.
read more...
$20 Monthly
Get a free price quote
Tailored to your specific needs
$39.95 Monthly
Get a free price quote
Tailored to your specific needs
Small 
i
Medium 
i
Large 
i
Small 
i
Medium 
i
Large 
i
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Free: Utilize Wave Accounting's free features forever, making it a great help for entrepreneurs and freelancers who may find themselves in the preliminary stages of launching their business or service.  
  • Easy Setup: Get to work immediately with easy account setup and installation. 
  • Available Anywhere: Access this solution on computers and mobile devices to access and change anything from practically any location. All changes are automatically saved and synced so users always see current information. 
  • Instant Transactions: Connect bank accounts for instant transaction recordings. It also eliminates manually inputting receipts. 
  • Stay Organized for Tax Season: Sort incomes, expenses, payments and invoices in one centralized location for tax time.  
  • Collaborate with Accountants: Share data and collaborate with accountants for smooth financial processing and advice. 
  • Top-Notch Security: Protect financial information with security components such as bank connections with 256-bit encryption in read-only formats and PCI Level-1 security for managing credit cards and bank account information. 
read more...
  • Review Various Reports: Obtain aged receivables and payables, balance sheets, general ledgers, trial balances, journal reports and other accounting reports available through the accounting module. Stay informed about business finances and make reasonable business decisions. 
  • Stay On Top of Bills: Include new bills with appropriate company accounting information like dates, amounts, vendors, products and quantities with the billing tool. Automatically sync data throughout the system to stay in the financial loop.
  • Work With Various Currencies: Leverage the multi-currency module with international clients and vendors by enabling them to send invoices in any currency. Establish a default currency for more accessible conversions. 
  • Generate Automatic Quotes: Construct quotes and estimates in only a few seconds and send them to current and prospective patrons with the amount charged for each good or service for faster payments and acceptances. 
  • Send Payment Reminders: Activate automatic payment reminders to keep customers aware of due and past due compensation. Get paid faster with automatic notifications and little or no extra effort to reach out to customers and clients by hand. 
  • Manage Paperless Receipts and Bills: Save bills and receipts as JPG, PNG, GIF or PDF formats or email them to a Dropbox folder. Upload files to Dropbox folders via mobile devices. Files are promptly read and converted into transactions for evaluation, eliminating manual information inputting.
  • Supervise Real-time Bank Feeds: Review live bank feeds and link to most major banks worldwide. Update feeds automatically to understand balance and cash flow health. 
  • Utilize Intricate Security: Employ military-caliber 256-bit encryption to guarantee user data protection. Log out automatically after no activity for one hour. Allow only authorized users to gain access if invited. Data centers contain biometric systems, video cameras and 24/7 onsite security guards. 
  • Access On Mobile Devices: Implement this system from any iOS, Android and Windows-based phone or tablet to receive real-time data on the go. 
  • Gain an All-digital Database: Attach business documents and financial information to reduce clicks. Create and store specific transaction evidence for audit trails. 
read more...
  • Link Accounts and Credit Cards: Connect an unlimited amount of bank accounts and credit cards. Users may supervise multiple businesses with one account. 
  • Smooth Integrations: Integrate Shopify transactions and link with PayPal, Shoeboxed and Etsy accounts. 
  • Intricate Dashboards: Elaborate dashboards that display cash balances, invoice statuses, incomes, expenses and payments. This accessory also provides bill and invoice reminders. 
  • Export Various Reports: Export a variety of accounting reports such as profit and loss, sales tax, cash flow, comparative and others. 
  • Automatic Updates: Receive prompt updates and reminders on invoices, payments and payroll details. 
  • Evaluate High Volumes of Transactions: Process a bulk amount of transactions to ensure rapid bookkeeping practices. Users can also perform and accept transactions in foreign currencies and search for transactions based on descriptions. 
  • Double-Entry Accounting: Operate with double-entry accounting—a method that chronicles transactions in two or more accounts — that performs prompt exchange rate calculations and has a flexible sales tax module. 
  • Adaptable Expense and Income Categories: Use account IDs to create adjustable expense and income categories, sometimes called chart of accounts. There's also an unlimited income and expense tracking accessory. 
read more...
  • Invoices: Implement predetermined invoice templates or formats. Install automatic, recurring invoices that send to the same clients with the same conditions, get prompt payments when clients hit the simple payment link, and directly pay with a credit card or PayPal
  • Payment Modes: Compensate invoices with Visa, MasterCard, American Express, PayPal or Stripe for faster online payments and better deadline management. Utilize encrypted data for all transactions for enhanced security.
  • MagicBot and Expense: Input expenses and transactions manually or perform automatic scans. Attach source documents or mark billable fees. Draft personalized payments for all costs. 
  • Sales Tax: Manage municipal, state, regional, provincial, federal and other tax types that apply to company accounts. Create several tax names and connect them to specific products or repeating transactions. 
  • Bank Reconciliation: Import information from bank accounts, credit cards and PayPal transactions to verify current books and accounts. Reconcile all payments made within the last year in minutes instead of hours. 
  • User Management: Add additional users and companies, from accountants and business partners to staff members and external companies, without limitations for effective centralization. 
  • Transactions History: Use detailed purchasing data, such as dates, amounts paid, amounts received, taxes, fees, side notes, credits, interests, client information, chart of account, previous related acquisitions and more, for in-depth monitoring. 
read more...

Product Ranking

#4

among all
Accounting Software

#50

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

72
we're gathering data
78
we're gathering data
92
we're gathering data
87
we're gathering data
Show More Show More

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Wave Accounting
SlickPie
+ Add Product + Add Product
Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 78 92 87 57 98 61 58 50 73 90 65 78 56 70 88 0 25 50 75 100
56%
0%
44%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
83%
11%
6%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
80%
0%
20%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
31%
15%
54%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
100%
0%
0%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
63%
0%
37%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
23%
0%
77%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
0%
0%
100%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
60%
0%
40%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
80%
0%
20%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
50%
0%
50%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
78%
0%
22%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
0%
40%
60%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
47%
5%
48%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
80%
0%
20%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

33%
0%
67%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
83%
0%
17%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A

User Sentiment Summary

Great User Sentiment 2602 reviews
Excellent User Sentiment 25 reviews
88%
of users recommend this product

Wave Accounting has a 'great' User Satisfaction Rating of 88% when considering 2602 user reviews from 5 recognized software review sites.

93%
of users recommend this product

SlickPie has a 'excellent' User Satisfaction Rating of 93% when considering 25 user reviews from 3 recognized software review sites.

4.0 (15)
4.8 (3)
4.4 (203)
4.7 (17)
4.43 (1298)
n/a
4.4 (964)
n/a
4.0 (122)
4.5 (5)

Awards

we're gathering data

SlickPie stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

System Performance: Of the users who mentioned this solution's performance, precisely 65% said it's easy to use, documents all tasks performed and provides accurate information.
Modules: Approximately 57% of users who discussed this program's functionality said it has a variety of capabilities such as an assortment of reports, bank account synching and invoice reminders.
Cost: Of the users who mentioned this application's pricing, approximately 87% of users said they like the free version because it comes with plenty of appliances.
Show more
Easy Invoicing: Users appreciate the straightforward process of creating and sending invoices, noting that it's simple to customize invoices with their company logo and branding.
Bank Reconciliation: Many users find the bank reconciliation feature helpful, as it allows them to easily match transactions between their bank statements and SlickPie records.
Expense Tracking: Users like the ability to track expenses by category, which helps them gain insights into their spending habits and make informed financial decisions.
Reporting Capabilities: Users find the reporting features useful for generating financial statements, such as profit and loss statements and balance sheets, which provide valuable insights into their business performance.
Show more
Frustrating reconciliation process: Users often describe matching transactions as difficult and time-consuming, leading to delayed reconciliation and potential errors.
Limited reporting options: Users express a desire for more robust and flexible reporting features, including better sorting, exporting, and preset date options for generating customized reports.
Lack of phone support: Wave relies primarily on email and online resources for support, which can be frustrating for users who prefer immediate assistance or have complex issues to resolve.
Occasional glitches and errors: Users have reported occasional software glitches, such as duplicated transactions or difficulties with bank syncing, which can disrupt workflows and create data inconsistencies.
No inventory management: Wave lacks full-fledged inventory tracking and management capabilities, making it unsuitable for businesses with complex inventory needs or those who sell directly through eCommerce platforms.
Show more
Limited Customization: Some users have found that SlickPie's customization options are limited, making it difficult to tailor the software to their specific business needs. For example, they may not be able to create custom reports or modify the layout of invoices to match their branding.
Mobile App Limitations: The mobile app, while functional, lacks some of the features available in the desktop version. This can be a drawback for businesses that need to access and manage their finances on the go. For example, users may not be able to create invoices or reconcile bank accounts from their mobile devices.
Integration Challenges: SlickPie's integration capabilities with other business applications can be limited. This can make it difficult to streamline workflows and automate tasks, especially for businesses that rely on multiple software solutions. For example, users may struggle to connect SlickPie with their e-commerce platform or payment gateway.
Customer Support Issues: Some users have reported issues with customer support responsiveness and quality. This can be frustrating for businesses that need quick assistance with technical problems or account-related inquiries. For example, users may experience long wait times or receive unhelpful responses from support staff.
Show more

Wave Accounting users appreciate its simplicity and affordability, making it a popular choice for freelancers and solopreneurs. The free plan covers essential features like invoicing, expense tracking, and basic reporting, catering to those with straightforward accounting needs. Users praise its intuitive interface and mobile app for on-the-go tracking, highlighting its convenience compared to clunky desktop software. However, Wave's limitations become apparent as businesses grow. Users cite frustrating reconciliation issues, limited reporting options, and the lack of advanced features like inventory management or payroll integrations. Compared to competitors like Quickbooks or Xero, Wave feels less capable of handling complex accounting workflows. While its automatic bank imports save time, the absence of phone support can be a dealbreaker for some users who need immediate help troubleshooting issues. Ultimately, Wave shines for its ease of use and zero-cost entry point, but its lack of scalability and robust features might necessitate switching to more powerful alternatives as businesses evolve. Choosing Wave comes down to prioritizing convenience and affordability over comprehensive functionality and expert support.

Show more

Is SlickPie the real deal or just a pie in the sky? SlickPie is a free online accounting software that offers a variety of features for small businesses, including invoicing, expense tracking, and financial reporting. While SlickPie is lauded for its free core features, user reviews highlight some key weaknesses. Users often complain about the software's lack of advanced features, such as inventory management and payroll. Some users also find the interface to be clunky and difficult to navigate. SlickPie's free plan is a great starting point for early-stage businesses looking to minimize overhead costs, but as businesses grow, they may need to upgrade to a paid plan or switch to a more robust accounting software. SlickPie's strengths lie in its simplicity and ease of use. Users praise the software's intuitive interface and straightforward features. The software is also highly customizable, allowing users to tailor it to their specific needs. SlickPie's free plan is a major differentiator, as it allows businesses to access core accounting features without any time or user restrictions. This is a significant advantage over other accounting software providers that offer free trials but then require users to pay for a subscription. SlickPie is best suited for small businesses and solopreneurs who are looking for a simple and affordable accounting solution. The software is ideal for businesses that don't require advanced features like inventory management or payroll. However, if a business needs more robust features, they may need to consider a paid plan or a different accounting software altogether.

Show more

Screenshots

Top Alternatives in Accounting Software


Accounting Seed

Acumatica

BQE Core

Dynamics 365 Finance

FreeAgent

Freshbooks

Manager

Odoo Accounting

Oracle Financials Cloud

Patriot Accounting

QuickBooks Online

Sage 50cloud Accounting

Sage Intacct

SAP Business One

SAP S/4 HANA Finance

TallyPrime

Workday Financial Management

Xero

ZarMoney

Zoho Books

Related Categories

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

Compare products
Comparison Report
Just drag this link to the bookmark bar.
?
Table settings