Wave Accounting vs Countable.co

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Our analysts compared Wave Accounting vs Countable.co 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
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Countable.co offers a sophisticated software solution designed to streamline tasks such as accounting, making it particularly well-suited for accounting firms and financial professionals. Its robust platform provides unique benefits like enhanced collaboration, real-time data access, and automated workflows, which significantly improve efficiency and accuracy in financial management. Users appreciate its powerful features, including seamless integration with existing systems, comprehensive reporting tools, and a user-friendly interface that simplifies complex accounting processes. Compared to similar products, Countable.co stands out for its intuitive design and ability to adapt to various business needs, offering a more personalized experience. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. This ensures that businesses can make informed decisions based on their unique financial management needs.
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$20 Monthly
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Tailored to your specific needs
$49/User, Monthly
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Tailored to your specific needs
Small
Medium
Large
Small
Medium
Large
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. 
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  • Streamlined Workflow: Countable.co integrates various accounting tasks into a single platform, reducing the need for multiple software solutions and minimizing the risk of data discrepancies.
  • Real-Time Collaboration: The software allows team members to work simultaneously on financial documents, ensuring that everyone is on the same page and decisions are made with the most current information.
  • Enhanced Accuracy: Automated calculations and data entry reduce human error, leading to more reliable financial reports and insights.
  • Time Efficiency: By automating repetitive tasks such as invoicing and payroll, Countable.co frees up valuable time for accountants to focus on strategic planning and analysis.
  • Cost Savings: With reduced need for manual labor and fewer errors, businesses can save on operational costs and allocate resources more effectively.
  • Scalability: Countable.co can grow with your business, accommodating increased transaction volumes and more complex financial structures without a hitch.
  • Data Security: The platform employs robust encryption and security protocols to protect sensitive financial data, ensuring compliance with industry standards.
  • Customizable Reporting: Users can tailor financial reports to meet specific business needs, providing insights that are directly relevant to their strategic goals.
  • Regulatory Compliance: Countable.co stays updated with the latest accounting standards and regulations, helping businesses maintain compliance effortlessly.
  • Improved Cash Flow Management: With tools for tracking receivables and payables, businesses can better manage their cash flow and make informed financial decisions.
  • Accessible Support: Countable.co offers responsive customer support to assist users with any issues, ensuring minimal disruption to business operations.
  • Integration Capabilities: The software can seamlessly integrate with other business tools, such as CRM and ERP systems, creating a cohesive ecosystem for managing business operations.
  • Insightful Analytics: Advanced analytics tools provide deep insights into financial performance, helping businesses identify trends and opportunities for growth.
  • User-Friendly Interface: Designed with the user in mind, Countable.co offers an intuitive interface that simplifies complex accounting tasks for users of all skill levels.
  • Remote Accessibility: Cloud-based access allows users to manage accounting tasks from anywhere, facilitating remote work and increasing flexibility.
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  • 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. 
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  • Automated Data Entry: Streamlines the process of entering financial data by automatically extracting information from uploaded documents.
  • Real-Time Collaboration: Allows multiple users to work on the same financial data simultaneously, enhancing teamwork and efficiency.
  • Customizable Dashboards: Provides users with the ability to tailor their dashboards to display the most relevant financial metrics and KPIs.
  • Secure Cloud Storage: Ensures that all financial data is stored safely in the cloud, with robust encryption and regular backups.
  • Comprehensive Reporting Tools: Offers a wide range of reporting options, including balance sheets, income statements, and cash flow reports.
  • Integration with Banking Systems: Seamlessly connects with various banking platforms to import transactions and reconcile accounts automatically.
  • Audit Trail Functionality: Maintains a detailed log of all changes made to financial data, supporting transparency and accountability.
  • Multi-Currency Support: Facilitates transactions and reporting in multiple currencies, ideal for businesses operating internationally.
  • Tax Compliance Features: Includes tools to help ensure compliance with tax regulations, such as automated tax calculations and filing reminders.
  • Expense Management: Simplifies tracking and categorizing business expenses, with options for receipt uploads and approval workflows.
  • Customizable Chart of Accounts: Allows businesses to create a chart of accounts that aligns with their specific financial reporting needs.
  • Mobile Accessibility: Provides a mobile app that enables users to access financial data and perform key tasks on the go.
  • Advanced Analytics: Utilizes data analytics to provide insights into financial performance and trends, aiding strategic decision-making.
  • Client Portal: Offers a dedicated portal for clients to view and interact with their financial information securely.
  • Time Tracking Integration: Integrates with time tracking tools to streamline billing and payroll processes.
  • Role-Based Access Control: Ensures that users have access only to the information and functions necessary for their role, enhancing security.
  • Automated Invoicing: Facilitates the creation and sending of invoices, with options for recurring billing and payment reminders.
  • Project Accounting: Supports tracking of financial performance at the project level, useful for businesses managing multiple projects.
  • Vendor Management: Helps manage vendor relationships and track payments, with features for purchase orders and vendor performance analysis.
  • Customer Support: Provides access to a knowledgeable support team to assist with any technical or functional queries.
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Product Ranking

#4

among all
Accounting Software

#70

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

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87
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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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
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 2602 reviews
Excellent User Sentiment 16 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.

92%
of users recommend this product

Countable.co has a 'excellent' User Satisfaction Rating of 92% when considering 16 user reviews from 2 recognized software review sites.

4.0 (15)
n/a
4.4 (203)
n/a
4.43 (1298)
4.63 (8)
4.4 (964)
4.6 (8)
4.0 (122)
n/a

Awards

No awards.

Countable.co 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.
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Time Savings: User reviews highlight Countable's ability to save time, likely due to its automation features and streamlined workflows.
Effective Engagement Management: Users appreciate how Countable helps manage engagements effectively, indicating its strength in handling client work efficiently.
End-to-End Management: Countable is praised for its comprehensive approach to practice management, covering engagements, documents, and overall practice needs.
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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.
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Limited Integrations: While user reviews mention integration with major accounting software, they don't specify the extent of these integrations. This might pose a problem for firms using less popular or niche accounting software.
Potential Cost Barrier: User reviews don't mention pricing details beyond the 30-day trial. This lack of transparency might be a deterrent for smaller firms needing to understand the long-term costs.
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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.

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Is Countable.co really something to shout about? User reviews from the past year paint a mixed picture, revealing both strengths and areas for improvement. Many users rave about Countable.co's seamless integration with popular accounting software like Xero, which they highlight as a major time-saver. For instance, one user mentioned how Countable.co automatically maps trial balances and generates financial statements, simplifying what would otherwise be tedious tasks. This echoes the sentiment that Countable.co excels in automating engagements and centralizing workflows, a godsend for firms aiming to ditch manual processes and boost efficiency. However, some users point out that Countable.co, being a relatively new product, still has some rough edges. Occasional bugs and the fact that full functionality is still a work in progress are mentioned as drawbacks. Despite this, the responsive support team and their eagerness to incorporate user feedback seem to soften the blow. A recurring theme in positive reviews is the ease of use, with users finding it significantly less cumbersome than other accounting software they've tried. Overall, Countable.co seems best suited for modern accounting firms already leaning into cloud-based solutions. Its robust integration capabilities, automation prowess, and user-friendly interface make it a valuable asset for streamlining workflows and improving efficiency. However, firms with complex needs beyond Notice to Reader engagements might find the current feature set somewhat limiting. As Countable.co continues to mature and expand its capabilities, it holds promising potential for becoming a dominant player in the cloud-based accounting software arena.

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