Compare Momenteo and Wave Accounting - Oct 2022

Shlomi LaviShlomi Lavi / Oct 12, 2022

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

Wave Accounting is more expensive to implement (TCO) than Momenteo, and Wave Accounting is rated higher (97/100) than Momenteo (80/100). Momenteo offers users more features (6) 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:

Momenteo Vs. Wave Accounting

Momenteo: Freelancer accounting made simple. Momenteo was built just for that. Easily manage your clients, invoices and expenses while having a clear portrait of your freelance business. You’ll be able to focus on developing your craft with the peace of mind that your finances are straight.

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? Momenteo 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 Momenteo and Wave Accounting.

Momenteo price starts at $4.95 per month , On a scale between 1 to 10 Momenteo 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 Momenteo is rated 2, which is much lower than the average cost of Core Accounting software.

Bottom line: Wave Accounting is more expensive than Momenteo.

Which software includes more/better features?

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

Momenteo: Accounts Payable, Accounts Receivable, Billing & Invoicing, Project-Accounting, Tax compliance, Time and Expense Tracking.

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

Target customer size

Momenteo's typical customers include: Small businesses and start ups, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.

Momenteo

ITQlick rating
(2.8/5)

starts at $4.95 per month

Momenteo is a fast growing cloud-based Billing-Invoicing software, it is designed to support small and medium size business. Momenteo received a rating of 2.5 from ITQlick team. The software cost is considered ...

Categories: Accounting & Finance, Billing & Invoicing, Tax Preparation, Expense Tracking.

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

Momenteo: 6 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Project-Accounting
Tax compliance
Time and Expense Tracking

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
Momenteo
ITQlick rating
2.8/5
Score
80/100
Pricing
3/10
License pricing
$4.95 per month
Functionality
10
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.