When it comes to choosing accounting software, there are a lot of options available on the market. Two of the most popular accounting software programs are Wave and Acclivity AccountEdge. Both Wave and Acclivity AccountEdge offer a variety of features and pricing plans to meet the needs of businesses of all sizes. So, how do you know which accounting software is right for your business? In this article, we'll compare Wave and Acclivity AccountEdge to help you decide which accounting software is right for you.

Pricing

Wave offers a free plan for businesses with fewer than 10 employees. The free plan includes unlimited invoicing, income and expense tracking, and basic accounting reports. For businesses with more than 10 employees, Wave offers a paid plan for $9 per month. The paid plan includes additional features such as double-entry accounting, batch invoicing, and advanced accounting reports.

Acclivity AccountEdge offers a free trial for businesses of all sizes. After the free trial, businesses can choose from three different pricing plans. The Basic plan starts at $9 per month and includes features such as income and expense tracking, invoicing, and basic accounting reports. The Pro plan starts at $19 per month and includes additional features such as double-entry accounting, batch invoicing, and advanced accounting reports. The Premier plan starts at $39 per month and includes all of the features of the Basic and Pro plans, plus additional features such as inventory management and time tracking.

Features

Invoicing

Wave's invoicing features include the ability to create and send invoices, track payments, and send automatic payment reminders. Wave also offers the ability to create recurring invoices and batch invoices.

Acclivity AccountEdge's invoicing features include the ability to create and send invoices, track payments, and send automatic payment reminders. Acclivity AccountEdge also offers the ability to create recurring invoices and batch invoices.

Income and Expense Tracking

Wave's income and expense tracking features include the ability to track income and expenses, create and manage budgets, and generate financial reports. Wave also offers the ability to connect to your bank account and import transactions automatically.

Acclivity AccountEdge's income and expense tracking features include the ability to track income and expenses, create and manage budgets, and generate financial reports. Acclivity AccountEdge also offers the ability to connect to your bank account and import transactions automatically.

Accounting Reports

Wave's accounting reports include the ability to generate profit and loss statements, balance sheets, and cash flow statements. Wave also offers a variety of custom reports that can be generated to meet your specific needs.

Acclivity AccountEdge's accounting reports include the ability to generate profit and loss statements, balance sheets, and cash flow statements. Acclivity AccountEdge also offers a variety of custom reports that can be generated to meet your specific needs.

Double-Entry Accounting

Wave's double-entry accounting features include the ability to track income and expenses in multiple currencies, create and manage journals, and generate financial reports.

Acclivity AccountEdge's double-entry accounting features include the ability to track income and expenses in multiple currencies, create and manage journals, and generate financial reports.

Inventory Management

Wave's inventory management features include the ability to track inventory levels, create and manage purchase orders, and generate reports.

Acclivity AccountEdge's inventory management features include the ability to track inventory levels, create and manage purchase orders, and generate reports.

Time Tracking

Wave's time tracking features include the ability to track billable and non-billable hours, create invoices for time worked, and generate reports.

Acclivity AccountEdge's time tracking features include the ability to track billable and non-billable hours, create invoices for time worked, and generate reports.

Conclusion

Wave and Acclivity AccountEdge are both great accounting software options for businesses of all sizes. If you're looking for a free accounting software option, Wave is a great choice. If you're looking for an accounting software with a variety of features and pricing plans, Acclivity AccountEdge is a great choice.