Zoho Books Vs Wave Accounting

Shlomi LaviShlomi Lavi / Apr 29, 2021

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Bottom Line: Which is Better - Zoho Books or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than Zoho Books, Wave Accounting is rated higher (97/100) than Zoho Books (96/100). Zoho Books offers more features (6) to their users than Wave Accounting (5).

Looking for the right Core Accounting solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How Zoho compares with Wave Accounting?

Zoho: Zoho.com offers a comprehensive suite of award-winning online business, productivity & collaboration applications. Customers use Zoho Applications to run their business processes, manage their information and be more productive while at the office or on the go, without having to worry about expensive or outdated hardware or software. To date, Zoho...

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's more expensive? Zoho Books 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 & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Zoho Books and Wave Accounting.

Zoho Books price starts at $10 per organizer/month , on a scale between 1 to 10 Zoho Books is rated 2, which is much lower than 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 Zoho Books is rated 2, which is much lower than the average cost of Core Accounting software.

Bottom line:Wave Accounting is more expensive than Zoho Books.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Zoho Books Vs. Wave Accounting based on some of the most important and required Core Accounting features. Zoho Books: Billing & Invoicing, Purchase Orders, Sales Reporting, Tax compliance, Time & Expense, Time and Expense Tracking. Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.

Target customer size

Zoho Corporation created Zoho Books in response to another accounting software called Quickbooks to target small and mid-size businesses that want to save time in bookkeeping and paperwork. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.

Zoho Books

ITQlick rating
(4.4/5)

starts at $10 per organizer/month

Zoho Books is an online accounting software designed to provide businesses with better control and management of their money flow. It is a tool that helps you record, monitor and reconcile transactions and bank...

Categories: Billing & Invoicing, Core Accounting, Medical 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

Zoho Books: 6 Features

Billing & Invoicing
Purchase Orders
Sales Reporting
Tax compliance
Time & Expense
Time and Expense Tracking

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
Zoho
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9
Review
Compare
Wave
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Review
Compare
QuickBooks
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
FreshBooks
ITQlick rating
4.5/5
Score
95/100
Pricing
2/10
License pricing
$4.50 per month
Functionality
28
Vyapar
ITQlick rating
4.4/5
Score
95/100
Pricing
8/10
License pricing
$19 per year
Functionality
5
Review
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.