Compare Alma and Wave Accounting - Mar 2023

Shlomi Lavi

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Bottom Line: Which is Better - Alma or Wave Accounting?

Alma is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than Alma (90/100). Wave Accounting offers users more features (5) than Alma (0). There is a clear winner in this case and it is Wave Accounting!

Looking for the right School Management 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:

Alma Vs. Wave Accounting

Alma: Alma simplifies school management by bringing together administrative functions and student and classroom information in one simple, easy to use platform. Intuitive design and search reduce the time needed to complete common tasks, so administrators can quickly and easily manage courses, classes, generate reports, and monitor the status of tea...

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? Alma or Wave Accounting?

The real total cost of ownership (TCO) of School Management 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 Alma and Wave Accounting.

Alma price starts at $500 per year , On a scale between 1 to 10 Alma is rated 6, which is similar to the average cost of School Management software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Alma is rated 6, which is similar to the average cost of School Management software.

Bottom line: Alma is more expensive than Wave Accounting.

Which software includes more/better features?

We've compared Alma Vs. Wave Accounting based on some of the most important and required School Management features.

Alma: We are still working to collect the list of features for Alma.

Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.

Target customer size

Alma School Management Software serves K-12 schools and educational institutions across the United States. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.