Shlomi Lavi /
Apr 14, 2022
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Bottom Line: Which is Better - MIP Fund Accounting or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than MIP Fund Accounting, and Wave Accounting is rated higher (97/100) than MIP Fund Accounting (75/100). MIP Fund Accounting offers users more features (15) than Wave Accounting (5).
Looking for the right Church 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:
Abila Inc Vs. Wave Accounting
Abila Inc: Abila serves strategic leaders and managers in dynamic nonprofit organizations and government agencies through high-value solutions. Organizations trust Abila to simplify and streamline processes in order to perform their best work and focus on delivering their unique mission. For Abila, it’s personal and backed by a team with more than 30 years o...
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? MIP Fund Accounting or Wave Accounting?
The real total cost of ownership (TCO) of Church 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 MIP Fund Accounting and Wave Accounting.
MIP Fund Accounting price starts at $0.10 per license , On a scale between 1 to 10 MIP Fund Accounting is rated 2, which is much lower than the average cost of Church 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 MIP Fund Accounting is rated 2, which is much lower than the average cost of Church Management software.
Bottom line: Wave Accounting is more expensive than MIP Fund Accounting.
Which software includes more/better features?
We've compared MIP Fund Accounting Vs. Wave Accounting based on some of the most important and required Church Management features.
MIP Fund Accounting: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Check Printing, Credit Card Processing.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
MIP Fund Accounting is suitable for all types of business. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.