Sage Intacct vs Wave: Which is a better fit?

Chelsea L.: My name is Chelsea, and I'm the HR Inclusion and Experience Partner and I rate Sage Intacct to three out of five. Please click below for more information. So I use Sage Intacct at our company for purchase requisitions. So on a day-to-day basis, we basically put in information based on the budget needs. And then we let our payroll and finance team know what our team is and our departments are doing, what kind of budgets and money we need to be approved for. And they're categorized by the different budgets that we have in place. One of the great things I like about Sage Intacct is a lot of options. So you can search in many different ways. You can copy over your purchase requisitions without starting from scratch. You can view what you've had over a very long period of time. So you can compare, maybe backtrack if you need. And there's a lot of different columns and categories that you can actually filter your information by. So that makes it easier in a sense to make sure you're really tagging the right budget. You're really putting the requisitions in the right categories, so that you can find the money that you need and make sure it gets tagged into the correct aspects of the budget. Some of the things that are a bit problematic about Sage Intacct, I would say is also a double edge sword. Even though you can categorize your budget by a lot of different types of information, that's also a problem, because it can get really confusing for people if you don't use it on a daily basis, maybe someone who's training for the first time, only uses it once a month to put in a purchase requisition. It can be a little bit hard for them to find all the different categories and know what they mean. On the other hand, there's also errors often and the errors can push through. So when you put a purchase requisition through and maybe the budget category is warning you that there might be issues with it, but you can go ahead and push it through. So I have mix feelings about that. I'm not on the finance team, so I can't speak from them how they feel when they receive it. But on my side of things, seeing that I can actually still push them through. I'm not sure how that affects the finance team when they do the budgets.

Matthew: My name's Matthew. My title is CEO/Founder. Company of one, and for rating for Wave Accounting, I would give it five stars. I really like it. For Wave, it's specifically for accounting and invoices and payroll. I had tried to do all of that stuff manually, but I had never used any other software before. So that's the first and only one that I've used. Basically, it was a recommendation from a former coworker that he had used it for his consulting business in the past and basically said you should look at it because it's a good value, it's good for small businesses, it's good to keep track of payments and invoices, and it doesn't really cost of a lot, so it's something you should research. And based off that research, I went ahead and signed up and I've been using it ever since. For me, it was pretty easy. I don't think there was anything too complicated. I guess it really just depends on what you're looking to get out of it. Like I said, I use mine for invoices primarily and keeping track of payments from clients. So there's a few other different features that you can utilize on there, but because those are my two main priorities, it was really easy just to get everything set up with the account, play around with all the different features, and at least get a few invoices written up. So I would say pretty easy. I would say if you're a small, medium business, it's definitely something that you should look into. It might not make sense for large corporate clients because maybe you have a lot more users or something like that. But for small, medium business, it's definitely something to look into. I mean, I would say especially also, the other thing is if you're not necessarily very knowledgeable about accounting practices or managing your books or keeping track of the ledger and invoices and stuff like that, payroll, this is a good way to help with that because they are able to walk you through each step-by-step part of the process. So I found that part to be helpful as well. So yeah, I would say it doesn't hurt for a small and medium business size owner to look at that and just consider it. But I've really enjoyed using it so far and I don't anticipate changing anytime soon.