Shlomi Lavi /
May 30, 2022
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Bottom Line: Which is Better - e-conomic or Wave Accounting?
e-conomic is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than e-conomic (62/100). Wave Accounting offers users more features (5) than e-conomic (3). There is a clear winner in this case and it is Wave Accounting!
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:
e-conomic Vs. Wave Accounting
e-conomic: e-conomic is the leading provider of online accounting in Europe. The system e system is easy to use and flexible and you can give your acountant free access.e-conomic - with a lower case e - is the name of the accounting software as well as the company behind it.
The company began in Denmark in 2001, and since then, we have opened offices in No...
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? e-conomic 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 e-conomic and Wave Accounting.
e-conomic price starts at $33 per feature/month , On a scale between 1 to 10 e-conomic is rated 6, which is similar to 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 e-conomic is rated 6, which is similar to the average cost of Core Accounting software.
Bottom line: e-conomic is more expensive than Wave Accounting.
Which software includes more/better features?
We've compared e-conomic Vs. Wave Accounting based on some of the most important and required Core Accounting features.
e-conomic: Data Import/Export, Basic Reports, Online Customer Support.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
e-conomic's typical customers include: SMBs, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.