Compare MoneyDesktop and Wave Accounting - Apr 2022

Shlomi Lavi

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

Wave Accounting is more expensive to implement (TCO) than MoneyDesktop, and Wave Accounting is rated higher (97/100) than MoneyDesktop (92/100). Wave Accounting offers users more features (5) than MoneyDesktop (3).

Looking for the right Accounting & Finance 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:

MoneyDesktop Vs. Wave Accounting

MoneyDesktop: MoneyDesktop, Inc. develops technologies that facilitate the clear understanding of personal finances and debt management. MoneyDesktop, Inc. is a privately-held company and is headquartered in Provo, Utah. We're a team of developers, designers, marketers and professional problem solvers working around the clock to make MoneyDesktop products t...

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? MoneyDesktop or Wave Accounting?

The real total cost of ownership (TCO) of Accounting & Finance 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 MoneyDesktop and Wave Accounting.

MoneyDesktop accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 MoneyDesktop is rated 4, which is lower than the average cost of Accounting & Finance software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 MoneyDesktop is rated 4, which is lower than the average cost of Accounting & Finance software.

Bottom line: MoneyDesktop cost is around the same cost of Wave Accounting.

Which software includes more/better features?

We've compared MoneyDesktop Vs. Wave Accounting based on some of the most important and required Accounting & Finance features.

MoneyDesktop: Data Import/Export, Basic Reports, Online Customer Support.

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

Target customer size

MoneyDesktop's typical customers include: SMBs, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.