Shlomi Lavi /
Oct 01, 2022
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Bottom Line: Which is Better - FinancialForce Accounting or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than FinancialForce Accounting, and Wave Accounting is rated higher (97/100) than FinancialForce Accounting (80/100). FinancialForce Accounting offers users more features (14) 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:
Financial Force Vs. Wave Accounting
Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...
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? FinancialForce 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 FinancialForce Accounting and Wave Accounting.
FinancialForce Accounting price starts at $9,000 per year , On a scale between 1 to 10 FinancialForce Accounting 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 FinancialForce Accounting is rated 4, which is lower than the average cost of Core Accounting software.
Bottom line: FinancialForce Accounting cost is around the same cost of Wave Accounting.
Which software includes more/better features?
We've compared FinancialForce Accounting Vs. Wave Accounting based on some of the most important and required Core Accounting features.
FinancialForce Accounting: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Credit Card Processing, Depreciation, Fixed-Assets.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.