If you're running a business in Trinidad & Tobago, your accounting software needs to handle VAT at 12.5%, NIS deductions, PAYE calculations, and TTD currency — out of the box. Most international software wasn't built for this. Here's an honest comparison of what actually works for TT businesses in 2026.
In This Comparison:
Where VEDTECH Fits
Every instance runs standard Odoo Community with Invoicing included. You can install the other standard Odoo Community apps, such as CRM, Sales, Inventory and Website, from your instance's Apps menu.
Full accounting, payroll and Caribbean tax filing are not part of VEDTECH. Talk to us about what your business needs.
1. QuickBooks Online
Price: From US$30/month + US$6/user | Free Trial: 30 days
QuickBooks is well-known globally but has limited Caribbean-specific features. You'll need to manually configure VAT rates, and it has no TT payroll (NIS, PAYE, Health Surcharge). The per-user pricing adds up quickly — a team of 5 costs approximately US$60/month.
2. Wave Accounting
Price: Free (basic) | Paid plans: For payment processing
Wave is free for basic invoicing and accounting, which makes it attractive for startups. However, it has no VAT configuration for TT, no inventory management, no payroll, and limited support. You get what you pay for.
3. Xero
Price: From US$29/month | Free Trial: 30 days
Xero offers solid accounting with some international tax support. You can configure VAT manually, and there are third-party payroll add-ons. However, no native TT payroll exists, and inventory management requires an extra subscription.
Side-by-Side Comparison
| Feature | QuickBooks | Wave | Xero |
|---|---|---|---|
| TT VAT (12.5%) pre-configured | |||
| NIS / PAYE payroll | |||
| TTD currency | |||
| Inventory management | Extra cost | Extra cost | |
| Flat pricing (no per-user fees) | |||
| Price (5 users) | US$60+/mo | Free* | US$29+/mo |
* Wave is free for basic invoicing but lacks inventory, payroll, and TT tax compliance.
Try VEDTECH for Your TT Business
Every instance runs standard Odoo Community with Invoicing included. You can install the other standard Odoo Community apps, such as CRM, Sales, Inventory and Website, from your instance's Apps menu.
- Create and email professional invoices with your logo
- Set up the tax rates you charge; every invoice shows the tax separately
- Record payments and issue credit notes
- Your customers view and download their invoices online
Full accounting, payroll and Caribbean tax filing are not part of VEDTECH. Talk to us about what your business needs.
Try VEDTECH Free for 14 DaysNo credit card required. Cancel anytime.