Compare Passport Business Solutions and Wave Accounting - Jun 2022

Shlomi Lavi

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Bottom Line: Which is Better - Passport Business Solutions or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than Passport Business Solutions, and Wave Accounting is rated higher (97/100) than Passport Business Solutions (88/100). Passport Business Solutions offers users more features (11) 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:

Passport Software Inc. Vs. Wave Accounting

Passport Software Inc.: Passport Software develops PBS (Passport Business Solutions), ERP (comprehensive enterprise) software for manufacturing, services, distribution and retail organizations in the small and medium-sized business markets. PBS is distributed through a network of Passport Partners throughout North America and the Caribbean. The Passport Partners provide l...

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? Passport Business Solutions 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 Passport Business Solutions and Wave Accounting.

Passport Business Solutions price starts at $995 per license , On a scale between 1 to 10 Passport Business Solutions 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 Passport Business Solutions is rated 4, which is lower than the average cost of Core Accounting software.

Bottom line: Passport Business Solutions cost is around the same cost of Wave Accounting.

Which software includes more/better features?

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

Passport Business Solutions: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Purchase Orders, Project Management, Supply Chain, Shipping, eCommerce.

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

Target customer size

Passport Business Solutions'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.