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.
1. VEDTECH — Built for Caribbean Businesses
Price: From US$12/month (flat, not per-user) | Free Trial: 14 days
VEDTECH is purpose-built for Caribbean businesses. VAT at 12.5% is pre-configured for Trinidad, NIS and PAYE payroll deductions are built in, and invoices display in TTD by default. Unlike international tools that require manual tax setup, VEDTECH comes ready to use on day one.
2. 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 there's no built-in TT payroll (NIS, PAYE, Health Surcharge). The per-user pricing adds up quickly — a team of 5 costs approximately US$60/month.
3. 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.
4. 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 | VEDTECH | 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) | ||||
| WhatsApp support | ||||
| Price (5 users) | US$29/mo | 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
VAT, NIS payroll, inventory, CRM — all included from day one. No per-user fees. No manual tax setup.
Try VEDTECH Free for 14 DaysNo credit card required. Cancel anytime.