Compare Yodlee MoneyCenter and Wave Accounting - Apr 2022

Shlomi LaviShlomi Lavi / Apr 14, 2022

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Bottom Line: Which is Better - Yodlee MoneyCenter or Wave Accounting?

Yodlee MoneyCenter is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than Yodlee MoneyCenter (90/100). Both tools offer the same amount of features.

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:

Yodlee Vs. Wave Accounting

Yodlee: Yodlee created the industry’s most scalable and robust personal finance data platform for powering innovation in financial services. Used by over 600 leading financial institutions and companies and more than 40 million consumers, Yodlee’s best-in class solutions remove the friction from financial management, delivering a more insightful, interacti...

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? Yodlee MoneyCenter 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 Yodlee MoneyCenter and Wave Accounting.

Yodlee MoneyCenter price starts at $350 per month , On a scale between 1 to 10 Yodlee MoneyCenter is rated 6, which is similar to 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 Yodlee MoneyCenter is rated 6, which is similar to the average cost of Accounting & Finance software.

Bottom line: Yodlee MoneyCenter is more expensive than Wave Accounting.

Which software includes more/better features?

We've compared Yodlee MoneyCenter Vs. Wave Accounting based on some of the most important and required Accounting & Finance features.

Yodlee MoneyCenter: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Tax compliance.

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

Target customer size

Customers of the software include small and medium businesses and well as large enterprises. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.



Yodlee MoneyCenter

ITQlick rating
(3.2/5)

starts at $350 per month

Yodlee MoneyCenter is a cloud-based finance and accounting solution built for small to large companies. It aims to help companies, as well as individuals, manage their finances in one place. Its key features in...

Categories: Core Accounting.

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

Yodlee MoneyCenter: 5 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Tax compliance

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
Yodlee M...
ITQlick rating
3.2/5
Score
90/100
Pricing
6.2/10
License pricing
$350 per month
Functionality
6
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.