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Akaunting vs Wave Accounting: Which Accounting Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: May 22, 2025

Both Akaunting and Wave Accounting are leading accounting software solutions, but which one is better for you and your business?

Below we compare Akaunting and Wave Accounting across nearly 50 different data points to help you make find the right one.

Akaunting vs Wave Accounting Reviews

AkauntingWave Accounting
Trustpilot Rating2.11.5
Number of Trustpilot Reviews44127
iPhone App Rating1.74.5
Number of iPhone App Reviews125,700
Android App Rating1.83.6
Number of Android App Reviews10523,000

Akaunting vs Wave Accounting Pricing

AkauntingWave Accounting
Free TrialYesNo
Free Trial LengthNoNo
Cheapest Plan NameStandard CloudFree
Cheapest Plan Cost Per Month$84NA
Mid Priced Plan NameElite CloudNA
Mid Priced Plan Cost Per Month$84NA
Top Plan NameUltimate CloudNo
Top Plan Cost Per Month$218NA

Akaunting vs Wave Accounting Features

FeaturesAkauntingWave Accounting
Target Business SizeMediumSmall
Tax HelpYesYes
Income & ExpensesYesYes
BookkeepingYesYes
Send InvoicesYesYes
Collect Payments Via Bank TransferYesYes
Collect Payments Via Credit CardYesYes
Recurring PaymentsYesYes
Enter BillsYesYes
Reconcile Bank TransactionsYesYes
Bank Account IncludedNoNo
Cash Flow ReportYesYes
W-9 + 1099 ManagementYesYes
Help With Sales TaxYesYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationYesYes
Tax DeductionsYesYes
Receipt CaptureYesYes
Mileage TrackingYesNo
Time ManagementYesNo
Inventory ManagementYesYes
User Access ControlsYesYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesNo
APIYesYes

List of Other Software Integrations

AkauntingWave Accounting
  • FreeAgent
  • FreshBooks
  • Zoho Books
  • QuickBooks
  • Wave
  • Xero
  • Stripe
  • WooCommerce
  • Zapier
  • Make
  • Google Workspace
  • Zohoflow
  • HubSpot CRM
  • noCRM.io
  • Stripe
  • PayPal

Akaunting Standard Cloud Features

  • 1 Company
  • 1 User + 1 Accountant
  • 1,000 Invoices
  • 4 Apps Included
  • Ticket Support
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Recurring Payment Reminders
  • Multiple Currencies
  • Manage Employees
  • List Products or Services
  • Sales Tax Calculation
  • Multiple Bank Accounts
  • Import Bank Transactions
  • Billing Calendar
  • Live Currency Rates
  • Two-Factor Authentication
  • Address Auto-complete

Wave Accounting Free Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

Akaunting Ultimate Cloud Features

  • Unlimited Company
  • Unlimited User + 1 Accountant
  • Unlimited Invoices
  • All Apps Included
  • Ticket Support
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Recurring Payment Reminders
  • Multiple Currencies
  • Manage Employees
  • List Products or Services
  • Sales Tax Calculation
  • Multiple Bank Accounts
  • Import Bank Transactions
  • Bank Connection
  • Chart of Accounts
  • Balance Sheet
  • Trial Balance
  • Manual Journals
  • General Ledger
  • Client Portal
  • Billing Calendar
  • Live Currency Rates
  • Two-Factor Authentication
  • Address Auto-complete
  • Double-Entry
  • Bank Feeds
  • Expense Claims
  • Roles & Permissions
  • Estimates (Quotes)
  • Payroll
  • Projects
  • Inventory
  • CRM
  • Receipts (Scan documents)
  • Shopify
  • Stripe
  • Point of Sale (POS)
  • Credit & Debit Notes
  • Budgeting
  • Sales & Purchase Orders
  • Custom Fields
  • Auto-schedule Reports
  • Automations
  • Crypto Assets
  • Regulations (GST, MTD, Form 1099)
  • Proposals
  • Payment Methods
  • e-Commerce Platforms
  • All 50+ Apps

Wave Accounting No Features

NA

Akaunting vs Wave Accounting Pro & Cons

AkauntingWave Accounting
Pros
  • Different pricing plan for every business
  • Open Source software
  • Available in all Countries
  • Free plan
  • Unlimited invoicing
  • Robust reporting
Cons
  • Slow customer support
  • Complexity in certain functionalities
  • Costly Add-ons
  • Additional fee for scanning and uploading receipts
  • No live support
  • No third-party integrations with additional features

Other Accounting Software Comparisons

  • Zoho Books vs Neat
  • LessAccounting vs Vic.ai
  • Odoo Accounting vs Accurants
  • Zoho Books vs AccountEdge Pro
  • Odoo Accounting vs Striven
  • myBooks vs Wave Accounting
  • Kashoo vs FreeAgent
  • HoneyBook vs Accurants
  • Odoo Accounting vs Akaunting
  • Kashoo vs Striven

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