Shlomi Lavi /
Aug 23, 2022
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Bottom Line: Which is Better - AccountMate SQL or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than AccountMate SQL, and Wave Accounting is rated higher (97/100) than AccountMate SQL (81/100). AccountMate SQL offers users more features (7) than Wave Accounting (5).
Looking for the right Core Accounting solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
AccountMate Software Vs. Wave Accounting
AccountMate Software: AccountMate offers unique accounting solutions for your growing business.AccountMate has provided customers with powerful and flexible
accounting and business management software that meets the exact needs of their businesses.
Many other accounting solutions require you to make changes to your core business
processes in order to utilize their so...
Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.
Who is more expensive? AccountMate SQL or Wave Accounting?
The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for AccountMate SQL and Wave Accounting.
AccountMate SQL price starts at $4,000 per license , On a scale between 1 to 10 AccountMate SQL Software is rated 4, which is lower than the average cost of Core Accounting software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 AccountMate SQL Software is rated 4, which is lower than the average cost of Core Accounting software.
Bottom line: AccountMate SQL cost is around the same cost of Wave Accounting.
Which software includes more/better features?
We've compared AccountMate SQL Vs. Wave Accounting based on some of the most important and required Core Accounting features.
AccountMate SQL: Accounts Payable, Accounts Receivable, Billing & Invoicing, Cash Flow, Fund-Accounting, Purchase Orders, Payroll Tax Management.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
AccountMate SQL's typical customers include: SMBs, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.