Compare ReconArt and Wave Accounting - May 2022

Shlomi Lavi

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

Wave Accounting is more expensive to implement (TCO) than ReconArt, and Wave Accounting is rated higher (97/100) than ReconArt (84/100). Wave Accounting offers users more features (5) than ReconArt (0).

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:

ReconArt Vs. Wave Accounting

ReconArt: ReconArt was born from the need for satisfaction and comfort - satisfaction in a comprehensive toolset to undertake reconciliations and period close and comfort in a wholesome and sustainable solution that was ready for the future. Manual processes, a multitude of spreadsheets, legacy reconciliation and period close software products with a high co...

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? ReconArt 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 ReconArt and Wave Accounting.

ReconArt price starts at $1,500 per 5 users/month , On a scale between 1 to 10 ReconArt 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 ReconArt is rated 2, which is much lower than the average cost of Core Accounting software.

Bottom line: Wave Accounting is more expensive than ReconArt.

Which software includes more/better features?

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

ReconArt: We are still working to collect the list of features for ReconArt.

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

Target customer size

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