Thomson Reuters Tax and Accounting Solutions vs Wave Accounting
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
Thomson Reuters Tax and Accounting Solutions offers fewer features (34 vs 47) and fewer integrations (0 vs 30). Starting price: Thomson Reuters Tax and Accounting Solutions at Contact Sales vs Wave Accounting at Free. Thomson Reuters Tax and Accounting Solutions has 34 unique features while Wave Accounting has 47 unique features, with 0 features in common.
| Thomson Reuters Tax and Accounting Solutions | Wave Accounting | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 34 | 47 |
| AI-Powered Features | 6 | 6 |
| Starting Price | Contact Sales | Free |
| Pricing Tiers | 3 | 3 |
| Integrations | 0 | 30 |
| Shared Features | 0 | |
| Shared Integrations | 0 | |
| Data Quality | 70% | 73% |
Feature Comparison by Category
AI Audit (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CoCounsel Audit |
AI Legal Research & Drafting (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CoCounsel Legal |
AI Research (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| AI-Assisted Research |
AI Tax Assistance (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CoCounsel Tax |
Account Management (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Multi-Account Support |
Analytics (0 vs 2)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Competitor Analysis | ||
| Financial Insights |
Audit (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Audit Intelligence |
Audit Workflow (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Cloud Audit Suite |
Bank Management (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Reconciliation Tools |
Banking Integration (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Bank Connections |
Collaboration (0 vs 2)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Client Collaboration | ||
| Invoicing for Teams |
Collections (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Invoice Reminders |
Compliance (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Payroll Analytics |
Customer Management (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Customer Portal |
Data Analysis (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Analyze |
Data Management (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Data Backup |
Data Quality (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Duplicate Detection |
Document Management (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Data & Document Management |
Estate Planning (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Estate Planning |
Expense Management (0 vs 8)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Automated Bank Categorization | ||
| Expense Categories | ||
| Expense Policies | ||
| Expense Reimbursement | ||
| Expense Tracking | ||
| Mileage Tracking | ||
| Receipt Scanning | ||
| Vendor Management |
Financial Planning (1 vs 2)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Budget Planning | ||
| Cash Flow Forecasting | ||
| Financial Planning & Analysis |
Fraud & Risk Investigation (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CLEAR Investigate |
Fraud Detection (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Fraud Detect |
Identity Verification (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CLEAR ID Confirm |
Income Management (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Income Tracking |
Income Tax (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| ONESOURCE Income Tax |
Integration (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| API Access |
International (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Multi-Currency Support |
International Trade (2 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Customs & Duties Management | ||
| ONESOURCE Foreign Trade Zone Management |
Inventory (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Inventory Management |
Invoicing (0 vs 9)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Batch Invoice Processing | ||
| Billable Hours Invoicing | ||
| Estimate Builder | ||
| Invoice Creation | ||
| Invoice Customization | ||
| Invoice Scheduling | ||
| Invoice Templates | ||
| Invoicing Automations | ||
| Recurring Invoices |
Learning & Development (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Professional Development & Education |
Mobile (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Mobile App |
Payments (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Payment Processing |
Payroll (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Payroll Processing |
Practice Management (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Practice Management & Growth |
Project Management (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Project Tracking |
Reporting (0 vs 2)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Custom Reports | ||
| Financial Reports |
Research (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Tax Research & Guidance |
Risk & Fraud (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CLEAR |
Risk Assessment (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CLEAR Risk Inform |
Risk Screening (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| CLEAR Adverse Media |
Security (0 vs 3)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Audit Trail | ||
| Two-Factor Authentication | ||
| User Permissions |
Supply Chain (2 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| ONESOURCE Pagero | ||
| Supply Chain & Procurement Technology |
Tax Accounting (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| ONESOURCE Tax Provision |
Tax Calculation & Compliance (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| ONESOURCE Determination |
Tax Compliance (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| ONESOURCE Indirect Compliance |
Tax Management (0 vs 3)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Sales Tax Management | ||
| Tax Estimates | ||
| Tax Form Exports |
Tax Planning (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Ready to Advise |
Tax Preparation (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| UltraTax CS |
Tax Processing (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| 1040SCAN |
Tax Review (1 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Ready to Review |
Time Tracking (0 vs 1)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Time Tracking |
Trade Compliance (2 vs 0)
| Feature | Thomson Reuters Tax and Accounting Solutions | Wave Accounting |
|---|---|---|
| Global Trade Compliance & Management | ||
| ONESOURCE Global Classification AI |
Unique Features
Only in Thomson Reuters Tax and Accounting Solutions (34)
CoCounsel Audit
CoCounsel Legal
AI-Assisted Research
CoCounsel Tax
Audit Intelligence
Cloud Audit Suite
Payroll Analytics
Analyze
Data & Document Management
Estate Planning
Financial Planning & Analysis
CLEAR Investigate
Fraud Detect
CLEAR ID Confirm
ONESOURCE Income Tax
Customs & Duties Management
ONESOURCE Foreign Trade Zone Management
Professional Development & Education
Practice Management & Growth
Tax Research & Guidance
+ 14 more unique features
Only in Wave Accounting (47)
Multi-Account Support
Competitor Analysis
Financial Insights
Reconciliation Tools
Bank Connections
Client Collaboration
Invoicing for Teams
Invoice Reminders
Customer Portal
Data Backup
Duplicate Detection
Automated Bank Categorization
Expense Categories
Expense Policies
Expense Reimbursement
Expense Tracking
Mileage Tracking
Receipt Scanning
Vendor Management
Budget Planning
+ 27 more unique features
View Thomson Reuters Tax and Accounting Solutions details View Wave Accounting details Thomson Reuters Tax and Accounting Solutions alternatives Wave Accounting alternatives
Want to build your own alternative to Thomson Reuters Tax and Accounting Solutions or Wave Accounting?
Analyze it with Reap