Shlomi Lavi /
Feb 27, 2023
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Bottom Line: Which is Better - TBworks or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than TBworks, and Wave Accounting is rated higher (97/100) than TBworks (85/100). Wave Accounting offers users more features (5) than TBworks (0).
Looking for the right Accounting & Finance 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:
TBworks Vs. Wave Accounting
TBworks: TBworks Trial Balance Accounting Software was created and designed by an Accountant in public practice for Accountants in public practice. After entering into public accounting, the primary software used was WorkPapers Plus. It was a great, easy to use, trial balance software that did the job on most engagements. Then over the years, Workpapers Plu...
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? TBworks or Wave Accounting?
The real total cost of ownership (TCO) of Accounting & Finance 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 TBworks and Wave Accounting.
TBworks price starts at $50 per 5 users/month , On a scale between 1 to 10 TBworks is rated 4, which is lower than the average cost of Accounting & Finance software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 TBworks is rated 4, which is lower than the average cost of Accounting & Finance software.
Bottom line: TBworks cost is around the same cost of Wave Accounting.
Which software includes more/better features?
We've compared TBworks Vs. Wave Accounting based on some of the most important and required Accounting & Finance features.
TBworks: We are still working to collect the list of features for TBworks.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
TB Works Core Accounting Software caters to a wide range of industries, including retail, healthcare, manufacturing, hospitality, and professional services. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.