Shlomi Lavi /
Jan 31, 2023
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Bottom Line: Which is Better - QuickBooks Online or Wave Accounting?
QuickBooks Online is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than QuickBooks Online (79/100). QuickBooks Online 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:
Intuit Vs. Wave Accounting
Intuit: Intuit Inc. is an American company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
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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? QuickBooks Online 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 QuickBooks Online and Wave Accounting.
QuickBooks Online price starts at $8.50 per month , On a scale between 1 to 10 QuickBooks Online Edition is rated 6, which is similar to 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 QuickBooks Online Edition is rated 6, which is similar to the average cost of Core Accounting software.
Bottom line: QuickBooks Online is more expensive than Wave Accounting.
Which software includes more/better features?
We've compared QuickBooks Online Vs. Wave Accounting based on some of the most important and required Core Accounting features.
QuickBooks Online: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Tax compliance.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
QuickBooks is most suitable for small and medium businesses. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.