Compare TRAVERSE and Wave Accounting - Apr 2022

Shlomi Lavi

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

TRAVERSE is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than TRAVERSE (77/100). TRAVERSE offers users more features (20) 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:

Open Systems, Inc. Vs. Wave Accounting

Open Systems, Inc.: For over 35 years, Open Systems has collaborated with partners, consultants, and developers to deliver adaptable solutions. Together, our reselling partners, dedicated support staff, and enthusiastic employees stand ready to help you achieve your goals.With adaptable solutions, friendly service, extensive experience, and an ever-present eye on new ...

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? TRAVERSE 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 TRAVERSE and Wave Accounting.

TRAVERSE price starts at $1,200 per license , On a scale between 1 to 10 TRAVERSE is rated 6, which is similar to 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 TRAVERSE is rated 6, which is similar to the average cost of Core Accounting software.

Bottom line: TRAVERSE is more expensive than Wave Accounting.

Which software includes more/better features?

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

TRAVERSE: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Fixed-Assets, General-Ledger, P&L Statement.

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

Target customer size

Traverse is best for small to large sized businesses and enterprises. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.