Compare Financial Accounting and Wave Accounting - Apr 2022

Shlomi LaviShlomi Lavi / Apr 14, 2022

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

Wave Accounting is more expensive to implement (TCO) than Financial Accounting, and Wave Accounting is rated higher (97/100) than Financial Accounting (60/100). Wave Accounting offers users more features (5) than Financial Accounting (0).

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:

PRO DATA DOCTOR Vs. Wave Accounting

PRO DATA DOCTOR: Company Provides both Windows and Mac operating system supported Data Recovery Software for different Hard disk, USB drive, Memory card, MP3 players, Digital Cameras, External HDD, Mobile Phones and similar digital media.

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? Financial Accounting 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 Financial Accounting and Wave Accounting.

Financial Accounting price starts at $69 per license , On a scale between 1 to 10 Financial Accounting Software is rated 2, which is much 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 Financial Accounting Software is rated 2, which is much lower than the average cost of Core Accounting software.

Bottom line: Wave Accounting is more expensive than Financial Accounting.

Which software includes more/better features?

We've compared Financial Accounting Vs. Wave Accounting based on some of the most important and required Core Accounting features.

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

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

Target customer size

Financial Accounting's typical customers include: Small, medium and large size businesses, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.

Financial Accounting

ITQlick rating
(3/5)

starts at $69 per license

Financial Accounting Software is a growing cloud-based Accounting-Finance software, it is designed to support small, medium and large size business. Financial Accounting Software received a rating of 3 from ITQ...

Categories: Accounting & Finance, Billing & Invoicing, Core Accounting, Fixed Asset Accounting.

Wave Accounting

ITQlick rating
(4.4/5)

Wave Accounting software is a fully integrated, web-based accounting solution tailored exclusively for small organizations. The software allows the users to access their documents any time from anywhere.

Categories: Accounting & Finance, Core Accounting, Medical Accounting.

Compare specifications

Compare features

Financial Accounting: 0 Features

We are working to collect the list of features

Wave Accounting: 5 Features

Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Tax compliance
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Financia...
ITQlick rating
3/5
Score
60/100
Pricing
3.6/10
License pricing
$69 per license
Functionality
9
Compare
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
QuickBoo...
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9
FreshBooks
ITQlick rating
4.5/5
Score
95/100
Pricing
2/10
License pricing
$6 per month
Functionality
28

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.