Compare Wave Accounting and TurboCASH - Apr 2022

Shlomi LaviShlomi Lavi / Apr 14, 2022

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

Wave Accounting is more expensive to implement (TCO) than TurboCASH, and Wave Accounting is rated higher (97/100) than TurboCASH (91/100). Wave Accounting offers users more features (5) than TurboCASH (2).

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. TurboCASH

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.

TurboCASH: TurboCASH Accounting is a community developed, top drawer, SME accounting package that will make your business competitive. Here is a world class software package that is going to improve your profitability. Best of all it is free. There are no catches here. We are not looking to become your "accounting department". It is our pleasure to watch you ...

Who is more expensive? Wave Accounting or TurboCASH Open Source 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 Wave Accounting and TurboCASH Open Source Accounting.

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. TurboCASH Open Source Accounting price starts at $60 per year , When comparing TurboCASH Open Source Accounting 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 TurboCASH Open Source Accounting.

Which software includes more/better features?

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

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

TurboCASH Open Source Accounting: Accounts Payable, Accounts Receivable.

Target customer size

Wave Accountancy is perfect for small to medium companies with 9 or much less workers. and TurboCASH Open Source Accounting's target customer size include: Start up, Small business, Medium business, Large business.

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.

TurboCASH

ITQlick rating
(3.8/5)

starts at $60 per year

TurboCASH Open Source Accounting is an on-premise and cloud-based open source accounting software for small businesses, that is aimed at helping with invoicing, budgeting, and inventory management. This softwar...

Categories: Accounting & Finance, Remote Access.

Compare specifications

Compare features

Wave Accounting: 5 Features

Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Tax compliance

TurboCASH Open Source Accounting: 2 Features

Accounts Payable
Accounts Receivable
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
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FreshBooks
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Score
95/100
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Functionality
28

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.