QuickBooks Vs Wave Accounting

Shlomi LaviShlomi Lavi / Sep 09, 2021

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

Wave Accounting is more expensive to implement (TCO) than QuickBooks, QuickBooks is rated higher (99/100) than Wave Accounting (97/100). QuickBooks offers more features (6) to their users than Wave Accounting (5). There is a clear winner in this case and it is QuickBooks!

Looking for the right Core Accounting solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How DynaDo compares with Wave Accounting?

DynaDo: DynaDo is a complete suite of tools needed to communicate and manage your business. It includes Email, Project Management, Customer Support, File Storage, Discussion Forums, Calendar, Chat, CRM. It replaces software like GMail, Dropbox, Zendesk, Salesforce and Basecamp.

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's more expensive? QuickBooks 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 & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for QuickBooks and Wave Accounting.

QuickBooks price starts at $12.50 per month , on a scale between 1 to 10 QuickBooks Online Plus 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 QuickBooks Online Plus is rated 4, which is lower than the average cost of Core Accounting software.

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

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared QuickBooks Vs. Wave Accounting based on some of the most important and required Core Accounting features. QuickBooks: 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

The software application has actually specifically been made for tiny and medium services. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.

QuickBooks

ITQlick rating
(4.2/5)

starts at $12.50 per month

QuickBooks Online is a web based accounting management solution for small and medium businesses. Its capabilities include expense tracking, automatic data backup, invoice creation, and others. The software was ...

Categories: Core Accounting.

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

QuickBooks: 6 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Tax compliance

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
QuickBooks
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Compare
Wave
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Review
Zoho
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9
Review
FreshBooks
ITQlick rating
4.5/5
Score
95/100
Pricing
2/10
License pricing
$4.50 per month
Functionality
28
Vyapar
ITQlick rating
4.4/5
Score
95/100
Pricing
8/10
License pricing
$19 per year
Functionality
5
Review
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.