Shlomi Lavi /
Apr 14, 2022
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Bottom Line: Which is Better - ScaleFactor or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than ScaleFactor, and Wave Accounting is rated higher (97/100) than ScaleFactor (77/100). ScaleFactor offers users more features (7) 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:
ScaleFactor Vs. Wave Accounting
ScaleFactor: ScaleFactor is the smart finance software that is changing the way modern businesses operate. By automating complex bookkeeping tasks and translating financial information into usable business insights, we are enabling business owners, managers, and entrepreneurs to focus on what they love: running and growing their business.
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? ScaleFactor 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 ScaleFactor and Wave Accounting.
ScaleFactor price starts at $399 per month , On a scale between 1 to 10 ScaleFactor 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 ScaleFactor is rated 4, which is lower than the average cost of Core Accounting software.
Bottom line: ScaleFactor cost is around the same cost of Wave Accounting.
Which software includes more/better features?
We've compared ScaleFactor Vs. Wave Accounting based on some of the most important and required Core Accounting features.
ScaleFactor: Accounts Payable, Accounts Receivable, Billing & Invoicing, Purchase Orders, Payment Management, Time and Expense Tracking, Payroll.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
ScaleFactor's typical customers include: Small businesses and start ups, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.