Okay, so I did not try Wave yet. Not sure if I will. I have been trying MyResellerGenie with mixed results. GoDaddy was so easy and so seamless. MRG is still a work in progress.
First, it is an inventory based system, meaning that it completes the accounting by matching sales to inventory. It will pull your existing inventory (i.e., your current listings) but it's not foolproof, so there is some manual matching / fixing needed along the way. And if you have no inventory entry for something, you have to create one before it will import the sales information.
Second, while it does integrate with ebay, there are more steps involved than with GoDaddy and it takes a bit of getting used to. l'd explain it better, but I'm not really clear on it yet myself. It seems a bit complicated to me and I have to re-read how to do it. Hopefully will get better as I go along.
Third - and this one is unfortunate - the way I was tracking Cost of Goods on GoDaddy was by manually entering a Cost of Goods line item for each of my sales. Like just copy the title of what sold and input what I paid for it. That way it can calculate my profit, etc. But MRG does not allow for direct entries like that. Instead, I can only input cost of goods if I open each inventory item and add it the details for that item. Gets to the same ultimate result, but much faster with GoDaddy direct enter method. Moreover, it wants to account for cost of goods in a more involved manner than GoDaddy. So to get it to spit out the correct profit / loss info, I would pretty much have to go back thru all of my listings and put in the cost now, even before sale. I'm not inclined to do that with 900 listings, so at this point I am not even using MRG for profit information. Too bad -- it was nice having that handy with GoDaddy. But I will just have to keep a spreadsheet for that outside of MRG.
Fourth - though MRG does integrate with ebay, for some reason it will record all of the transaction fees EXCEPT the listing fees (like the 25 cent fees). So MRG generates a report of those listing fees, and then you have to manually enter it. I think you can just enter it as a line item "Listing Fees" or something, but still trying to get the hang of that.
Fifth -- I have to say that Customer Service is TOP NOTCH! This is a husband and wife team developing this product and they are EXTREMELY responsive to email questions. They also have a variety of YouTube videos to walk you thru various aspects of the service. An "all in one" guide would be great, but like I said, MRG is still a work in progress.
Conclusion -- Overall, I will probably keep using it at least to automatically pick up sales amounts and ebay fees (but still need to manually add listing fees). I will NOT likely use it for profit / loss information or to get a schedule C tax report.
I'm really torqued about Go Daddy discontinuing its service. It was not perfect, but it was overall suited to my needs, less work, and better integrated. Still searching for something closer to that service -- So if any of you have another suggested program, please share!!!
Helene
