Compare TallyPrime VS Wave Accounting

Pros & Cons

Pros

Entries are smooth and easy to understand. Provides Billing inventory, taxation,...Read more - Tanmay Aug 23, 2024

User-friendly, Its best for updating account books, very easy to use. - RAHUL Aug 07, 2024

Wave has fulfilled our needs for an affordable solution for our two subsidiaries...Read more - nandini lal Jul 04, 2024

Setting up Wave was straightforward and initially easy to understand. - Babita Jul 04, 2024

Cons

Little expensive and can make more stylish - Tanmay Aug 23, 2024

High upfront cost: expensive initial investment for small businesses. - JAY Jul 19, 2024

It only allows to view reports and can’t download reports or combine them. Pla...Read more - nandini lal Jul 04, 2024

The payroll options are very limited, and there’s no solution for unpaid vacat...Read more - Babita Jul 04, 2024

Reviews

Verified customer reviews

Best accounting software

Tanmay Aug 23, 2024

I'm using Tally prime since 3 years and it is esy to use and suitable for any kind of business

Shivay Jul 24, 2024

See all TallyPrime reviews

Allows to create and send invoices easily

nandini lal Jul 04, 2024

Lack of Customer Support

Babita Jul 04, 2024

See all Wave Accounting reviews

Reviews with Video

#TallyPrimeReview: 7 Things You Should Know About The All-New TallyPrime

Tally Customer Speaks | Kulbhushan Associates | Punjab | India

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Not Available

Currently no reviews are available. Please check back later

Best Use for

Business Size:

Individual
2-50 Employees
51-250 Employees
250-500 Employees
500-1000 Employees
More than 1000+ Employees

Individual
2-50 Employees
51-250 Employees
250-500 Employees
500-1000 Employees
More than 1000+ Employees

Business Type:

Small Business
Startups
Medium Business
Enterprise
SMBs
SMEs
MSMBs
MSMEs
Freelancers

Small Business
Startups
Medium Business
Enterprise
SMBs
SMEs
MSMBs
MSMEs
Freelancers

Industries:

All Industries

All Industries

Features

Core Functionalities

General Ledger
Bookkeeping Capabilities
Accounts Receivable
Tax Management
Payroll Management
Time & Expenses Management
Asset Management
Bank Reconciliation
Bank Settlement
Accounts Payable
Fund Accounting
Multi Currency Support
Cost Centres
Fixed Asset Register (FAR) Management
Trial Balance Preparation
Gst Report Preparations
Return Filings
Tds Report Generations
GST Input Reconciliations
Variant Analysis
Alerts & Notifications
Batch Management
Branch Management
Broker Management
Claims Management
Collection Management
Credit / Debit Note
Document Management
Quotation & Estimates
Sales Management
Statutory Compliances
Transaction Management
Receipt Management

General Ledger
Bookkeeping Capabilities
Accounts Receivable
Tax Management
Payroll Management
Time & Expenses Management
Asset Management
Bank Reconciliation
Bank Settlement
Accounts Payable
Fund Accounting
Multi Currency Support
Cost Centres
Fixed Asset Register (FAR) Management
Trial Balance Preparation
Gst Report Preparations
Return Filings
Tds Report Generations
GST Input Reconciliations
Variant Analysis
Alerts & Notifications
Batch Management
Branch Management
Broker Management
Claims Management
Collection Management
Credit / Debit Note
Document Management
Quotation & Estimates
Sales Management
Statutory Compliances
Transaction Management
Receipt Management

Administrative Features

Ledger Scrutiny
Admin Controls
Backup & Restore
Facility Management
Self Service Portal
User Access Management

Ledger Scrutiny
Admin Controls
Backup & Restore
Facility Management
Self Service Portal
User Access Management

Integrations Supported

Import / Export Management

Import / Export Management

Financial Management

Budgeting & Forecasting
Revenue Management
Fund Accounting
Cash Flow Management
Fund Planning
Net Worth Management
Cash and Bank Management
Financial Planning & Analysis

Budgeting & Forecasting
Revenue Management
Fund Accounting
Cash Flow Management
Fund Planning
Net Worth Management
Cash and Bank Management
Financial Planning & Analysis

Analytics and Reporting

Profit & Loss
Financial Accounting and Reporting
Gross Profit
Ratio Analysis
Net Profit Management
Audit Management
Financial Statement Generation & Analysis
Profit Centers

Profit & Loss
Financial Accounting and Reporting
Gross Profit
Ratio Analysis
Net Profit Management
Audit Management
Financial Statement Generation & Analysis
Profit Centers

Sales and CRM

CRM Capabilities
Customer Management
Loyalty Program
Order Management
Quotation & Estimates
Sales Management

CRM Capabilities
Customer Management
Loyalty Program
Order Management
Quotation & Estimates
Sales Management

Inventory and Supply Chain Management

Inventory Management
Inventory Reconciliation
Barcode Scanning
Delivery Management
Distribution Management
Item Master
Product Management
Stock Management
Store Management
Supply Chain Management
Vendor & Supplier Management
Warehouse Management

Inventory Management
Inventory Reconciliation
Barcode Scanning
Delivery Management
Distribution Management
Item Master
Product Management
Stock Management
Store Management
Supply Chain Management
Vendor & Supplier Management
Warehouse Management

Project and Workflow Management

Time & Expenses Management
Project Accounting
Facility Management
Production Management
Transaction Management
Workflow Management

Time & Expenses Management
Project Accounting
Facility Management
Production Management
Transaction Management
Workflow Management

Retail and Point of Sale

Point of Sale (POS)
Retail Management

Point of Sale (POS)
Retail Management

Billing & Invoicing

Invoice Processing
Payment Processing
Automatic Payment Reminders
Bill Of Materials (BOM)
E-Way Bill Generation
Payment Tracking

Invoice Processing
Payment Processing
Automatic Payment Reminders
Bill Of Materials (BOM)
E-Way Bill Generation
Payment Tracking

Gallery

All Videos & Images

See all (8)

See all (3)

Specifications

Deployment

Web based
On Premises

Web based
On Premises

Device Supported

Desktop
Mobile
iPad
Tablet

Desktop
Mobile
iPad
Tablet

Supported Platforms

Windows
Mac OS
Android
iOS
Linux
Ubuntu

Windows
Mac OS
Android
iOS
Linux
Ubuntu

Languages support

English
ગુજરાતી
हिन्दी
ಕನ್ನಡ
मराठी
తెలుగు

English

Question and Answers

Product related question and answers

What is the Use of Tally Software in Accounting?

Tally software is designed to help users calculate monetary quantities, taxes, a... Read more

How can I delete a company in TallyPrime?

To delete a company in TallyPrime, you're supposed to follow the simple steps me... Read more

How to change current period in TallyPrime?

To change the current period in TallyPrime, click on Gateway of Tally> Click ... Read more

See all TallyPrime Questions & Answers

How to Set Yourself Up for Bookkeeping Success?

To do well in bookkeeping with Wave, it's important to regularly check your tran... Read more

How to Bookkeep for Invoice Payments in Wave?

In Wave, when you mark an invoice as paid, it automatically updates your financi... Read more

How to Reconcile Your Accounts in Wave?

To reconcile accounts in Wave, follow the steps given below: Open your Wav... Read more

See all Wave Accounting Questions & Answers

Alternatives

Top Alternative Products

Busy Accounting Software

Marg ERP 9+

QuickBooks

Ezy Rokad (रोकड़)

See all TallyPrime alternatives

Busy Accounting Software

Marg ERP 9+

Deskera Books

Ezy Rokad (रोकड़)

See all Wave Accounting alternatives

TallyPrime vs Wave Accounting Comparison FAQs

Software questions,
answered

While TallyPrime offers customized features, Wave Accounting has diverse modules. Select between TallyPrime or Wave Accounting as per your business needs.

Both these products offer similar features but with a different approach. While TallyPrime emphasizes on user experiences, Wave Accounting focuses on functionalities.

It all depends on the functionalities that you prefer. While TallyPrime offers add-ons along with essential features, Wave Accounting emphasizes on customization.

No, the difference between TallyPrime and Wave Accounting lies in terms of features and functionalities. While TallyPrime can be customized as per the user’s needs, Wave Accounting addresses the diverse audience.

It depends upon your business requirement. Both TallyPrime and Wave Accounting provides standard features to cater diverse industry needs.

The difference lies in terms of the user interface and functionalities. While TallyPrime is customizable, TallyPrime offers comprehensive modules.

A Quick Comparison Between TallyPrime vs Wave Accounting

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

Comparison of TallyPrime vs Wave Accounting In terms of Features
Comparison Between TallyPrime and Wave Accounting In terms of Deployment Type
TallyPrime or Wave Accounting: Which Is Ideal for Your Industry
Which Is Better? - TallyPrime or Wave Accounting

Comparison of TallyPrime vs Wave Accounting In terms of Features

TallyPrime includes features like Payment Reminders, Asset Management, Multilingual Support and Digital Signature. Wave Accounting is known for functionalities like Financial Statement Generation & Analysis, Time & Expenses Management, Order Management and Asset Management. When you compare TallyPrime vs Wave Accounting, look for scalability, customization, ease of use, customer support and other key factors. The one which suits your business needs is the best.

Comparison Between TallyPrime and Wave Accounting In terms of Deployment Type

While TallyPrime supports Web Based and On Premises deployment; Wave Accounting is suitable for Web Based deployment. While selecting between TallyPrime and Wave Accounting, figure out which one of the two is compatible with your devices. This will help in reducing the hassle after implementation.

TallyPrime or Wave Accounting: Which Is Ideal for Your Industry

TallyPrime is ideal for industries like All Industries. For All Industries, Wave Accounting is a better choice. If you are confused between TallyPrime or Wave Accounting, you can also check if the software has customizable modules for your industry. Industry-specific functionalities will ensure higher efficiency and ROI. However, do check for the hidden price, is any.

Which Is Better? - TallyPrime or Wave Accounting

TallyPrime and Wave Accounting can be used for different purposes and are well-suited for teams with specific needs. If you are looking for a platform that is easy to use, has low barriers to entry, and offers a lot of customization, flexibility, and integration options, then you must compare their specifications in detail at the time of demo. Compare TallyPrime and Wave Accounting during demo to decide which one is best for your business.

Author: Akhilesh Nagpal

TallyPrime VS Wave Accounting

We provide the best software solution for your business needs

TallyPrime vs Wave Accounting Comparison FAQs

Is TallyPrime better than Wave Accounting?

Are TallyPrime and Wave Accounting same?

Which is better TallyPrime or Wave Accounting?

Is TallyPrime the same as Wave Accounting?

Can TallyPrime replace Wave Accounting?

What is the difference between TallyPrime and Wave Accounting?

A Quick Comparison Between TallyPrime vs Wave Accounting

Comparison of TallyPrime vs Wave Accounting In terms of Features

Comparison Between TallyPrime and Wave Accounting In terms of Deployment Type

TallyPrime or Wave Accounting: Which Is Ideal for Your Industry

Which Is Better? - TallyPrime or Wave Accounting

TallyPrime VS Wave Accounting

We provide the best software solution for your business needs

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TallyPrime vs Wave Accounting Comparison FAQs

Is TallyPrime better than Wave Accounting?

Are TallyPrime and Wave Accounting same?

Which is better TallyPrime or Wave Accounting?

Is TallyPrime the same as Wave Accounting?

Can TallyPrime replace Wave Accounting?

What is the difference between TallyPrime and Wave Accounting?

A Quick Comparison Between TallyPrime vs Wave Accounting

Comparison of TallyPrime vs Wave Accounting In terms of Features

Comparison Between TallyPrime and Wave Accounting In terms of Deployment Type

TallyPrime or Wave Accounting: Which Is Ideal for Your Industry

Which Is Better? - TallyPrime or Wave Accounting

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