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

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

Odoo Accounting vs Wave Accounting Reviews

Odoo AccountingWave Accounting
Trustpilot Rating1.81.5
Number of Trustpilot Reviews153127
iPhone App Rating2.74.5
Number of iPhone App Reviews925,700
Android App Rating3.43.6
Number of Android App Reviews2,93023,000

Odoo Accounting vs Wave Accounting Pricing

Odoo AccountingWave Accounting
Free TrialYesNo
Free Trial Length15 daysNo
Cheapest Plan NameFreeFree
Cheapest Plan Cost Per Month$31.10NA
Mid Priced Plan NameStandardNA
Mid Priced Plan Cost Per Month$31.10NA
Top Plan NameCustomNo
Top Plan Cost Per Month$46.80NA

Odoo Accounting vs Wave Accounting Features

FeaturesOdoo AccountingWave Accounting
Target Business SizeEnterpriseSmall
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 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

Odoo AccountingWave Accounting
  • Amazon
  • ebay
  • magento
  • Inter Company Transfer
  • Shipstation
  • QuickBooks
  • Stripe
  • Pipedrive
  • Zapier
  • Make
  • Google Workspace
  • Zohoflow
  • HubSpot CRM
  • noCRM.io
  • Stripe
  • PayPal

Odoo Accounting Free Features

  • One app only
  • unlimited users
  • Odoo Online

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.

Odoo Accounting Custom Features

  • All apps
  • Odoo Online / Odoo.sh** / On-premise
  • Odoo Studio
  • Multi-Company
  • External API

Wave Accounting No Features

NA

Odoo Accounting vs Wave Accounting Pro & Cons

Odoo AccountingWave Accounting
Pros
  • Unlimited users
  • Open-source solution
  • Vast selection of applications
  • Free plan
  • Unlimited invoicing
  • Robust reporting
Cons
  • Free plan only allows one app
  • Complex set-up structure
  • Maintenance Issues
  • Additional fee for scanning and uploading receipts
  • No live support
  • No third-party integrations with additional features

Other Accounting Software Comparisons

  • TaxSlayer Pro vs Neat
  • Sage Accounting vs Akaunting
  • LessAccounting vs Acclux
  • Zoho Books vs Akounto
  • Acclux vs OneUp
  • Neat vs TrulySmall Accounting
  • Odoo Accounting vs TopNotepad
  • TopNotepad vs myBooks
  • QuickBooks Online vs Xero
  • Kashoo vs Acclux

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