Compare TBworks and Wave Accounting - Feb 2023

Shlomi LaviShlomi 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.



TBworks

ITQlick rating
(2.8/5)

starts at $50 per 5 users/month

TB Works is a cloud-based and an on-premise trial balance software solution designed for accounting professionals and CPAs. Major features include a bookkeeping function such as setting up vendor and customer n...

Categories: Accounting & Finance, Accounting Practice Management.

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

TBworks: 0 Features

We are working to collect the list of features

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
TBworks
ITQlick rating
2.8/5
Score
85/100
Pricing
4.6/10
License pricing
$50 per 5 users/month
Functionality
3
Compare
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Denali B...
ITQlick rating
4.1/5
Score
93/100
Pricing
2.6/10
License pricing
$1,999 per license
Functionality
16
MoneyDesktop
ITQlick rating
4.7/5
Score
92/100
Pricing
5.2/10
License pricing
Pricing not available
Functionality
4
MultiCHAX
ITQlick rating
3.4/5
Score
92/100
Pricing
7/10
License pricing
$99 per license
Functionality
5

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.