Compare Wave Accounting and Momenteo - Oct 2022

Shlomi Lavi

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

Wave Accounting is more expensive to implement (TCO) than Momenteo, and Wave Accounting is rated higher (97/100) than Momenteo (80/100). Momenteo offers users more features (6) 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:

Wave Accounting Vs. Momenteo

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.

Momenteo: Freelancer accounting made simple. Momenteo was built just for that. Easily manage your clients, invoices and expenses while having a clear portrait of your freelance business. You’ll be able to focus on developing your craft with the peace of mind that your finances are straight.

Who is more expensive? Wave Accounting or Momenteo?

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 Wave Accounting and Momenteo.

Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Wave Accounting is rated 4, which is lower than the average cost of Core Accounting software. Momenteo price starts at $4.95 per month , When comparing Momenteo to its competitors, the software is rated 2 - much lower than the average Core Accounting software cost.

Bottom line: Wave Accounting is more expensive than Momenteo.

Which software includes more/better features?

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

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

Momenteo: Accounts Payable, Accounts Receivable, Billing & Invoicing, Project-Accounting, Tax compliance.

Target customer size

Wave Accountancy is perfect for small to medium companies with 9 or much less workers. and Momenteo's target customer size include: Small businesses and start ups.