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

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

Akounto vs Wave Accounting Reviews

AkountoWave Accounting
Trustpilot Rating4.31.5
Number of Trustpilot Reviews7127
iPhone App RatingNo Rating4.5
Number of iPhone App ReviewsNo Reviews5,700
Android App RatingNo Rating3.6
Number of Android App ReviewsNo Reviews23,000

Akounto vs Wave Accounting Pricing

AkountoWave Accounting
Free TrialYesNo
Free Trial Length30 daysNo
Cheapest Plan NameStartupFree
Cheapest Plan Cost Per Month$20NA
Mid Priced Plan NameGrowthNA
Mid Priced Plan Cost Per Month$20NA
Top Plan NameExpansionNo
Top Plan Cost Per Month$30NA

Akounto vs Wave Accounting Features

FeaturesAkountoWave Accounting
Target Business SizeSmallSmall
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 ManagementNoYes
Help With Sales TaxYesYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationNoYes
Tax DeductionsYesYes
Receipt CaptureNoYes
Mileage TrackingNoNo
Time ManagementNoNo
Inventory ManagementNoYes
User Access ControlsNoYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesNo
APINoYes

List of Other Software Integrations

AkountoWave Accounting
  • Amazon
  • Shopify
  • eBay
  • Etsy
  • Zapier
  • Make
  • Google Workspace
  • Zohoflow
  • HubSpot CRM
  • noCRM.io
  • Stripe
  • PayPal

Akounto Startup Features

  • Create and manage Upto 40 invoice
  • Manage unlimited customers
  • Customisation of invoice
  • Create unlimited products
  • Create unlimited bill
  • Manage unlimited vendors
  • Connect unlimited bank accounts
  • Customise chart of accounts
  • Easy categorisation of transactions
  • Get financial reports (Balance Sheet, P&L Account)
  • Manage sales tax
  • Use estimates and automated recurring Invoice
  • Create automated recurring bills
  • Reconcile bank accounts
  • Option to opt for Cash or Accrual based accounting
  • Invite 1 user only

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.

Akounto Expansion Features

  • Create and manage unlimited invoice
  • Manage unlimited customers
  • Customisation of invoice
  • Create unlimited products
  • Create unlimited bill
  • Manage unlimited vendors
  • Connect unlimited bank accounts
  • Customise chart of accounts
  • Easy categorisation of transactions
  • Get financial reports (Balance Sheet, P&L Account)
  • Manage sales tax
  • Use estimates and automated recurring Invoice
  • Create automated recurring bills
  • Reconcile bank accounts
  • Option to opt for Cash or Accrual based accounting
  • Invite unlimited users
  • Credit note
  • Create billable expense
  • Use purchase order
  • Accounts receivable and accounts payable
  • Connect 2 additional business
  • Multi currency invoice
  • Multi currency bill
  • Software support from expert

Wave Accounting No Features

NA

Akounto vs Wave Accounting Pro & Cons

AkountoWave Accounting
Pros
  • Affordable pricing
  • Easy to use
  • Best for small businesses
  • Free plan
  • Unlimited invoicing
  • Robust reporting
Cons
  • Serve only customers in the United States
  • Learning curve
  • Limited features than competitors
  • Additional fee for scanning and uploading receipts
  • No live support
  • No third-party integrations with additional features

Other Accounting Software Comparisons

  • QuickBooks Online vs Wave Accounting
  • FreeAgent vs Akounto
  • Akaunting vs Accurants
  • Botkeeper vs Akaunting
  • Kashoo vs OneUp
  • TaxSlayer Pro vs ZarMoney
  • HoneyBook vs TopNotepad
  • Odoo Accounting vs Akaunting
  • FreshBooks vs AccountEdge Pro
  • NetSuite vs Striven

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