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Head-to-head · Bookkeeping Software

Odoo Accounting vs Wave

  • Updated Oct 2026
  • Both researched from official sources
  • 6 checks side by side
Higher score Odoo Accounting #4 in Bookkeeping Software 9.1/10 Free plan Free plan✓ 5 of 6 features Visit Odoo
Wave #8 in Bookkeeping Software 8.7/10 Free plan Free plan✓ 0 of 6 features Visit Wave

Odoo Accounting leads on 0 checks, Wave on 0, and 6 are even. Who comes out ahead on the 6 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreOdoo Accounting · 9.1/10
  • Free planboth
  • Most featuresOdoo Accounting · 5 of 6

Odoo Accounting scores higher on our rubric for bookkeeping software: 9.1 against 8.7 out of 10; our editors rank them #4 and #8.

Odoo Accounting is the better fit for businesses needing flexible, integrated accounting. Wave is the better fit for free invoicing and basic bookkeeping.

  • Odoo Accounting fits best

    Businesses needing flexible, integrated accounting

  • Wave fits best

    Free invoicing and basic bookkeeping

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Side by side

Feature Odoo Accounting 9.1/10 Visit ↗ Wave 8.7/10 Visit ↗
At a glance
Editor score 9.1 8.7
Ranking #4 in Bookkeeping Software #8 in Bookkeeping Software
Best for Businesses needing flexible, integrated accounting Free invoicing and basic bookkeeping
Pricing model Free plan + paid Free plan + paid
Starting price — $190/yr
Free plan ✓ ✓
Free trial — —
Deployment Cloud, Self-hosted, Mobile Cloud, Mobile
Platforms Web, iOS, Android Web, iOS, Android
Integrations 11 integrations 1 integrations
Features Odoo Accounting 5/6 · Wave 0/6
Bank feeds ✓ (best) Not checked yet
Automated reconciliation ✓ (best) Not checked yet
Invoice creation ✓ (best) Not checked yet
Receipt capture Not checked yet Not checked yet
Inventory tracking ✓ (best) Not checked yet
Accountant access ✓ (best) Not checked yet
Specs
Mobile platforms Ios and android Not checked yet
Our review
Pros
  • Free one-app plan includes unlimited users and Odoo Online
  • Bank feeds, automated reconciliation, OCR, and AI invoice digitization
  • Supports multi-company, multi-currency, inventory, and self-hosting
  • Free Starter plan includes unlimited invoices, bills, and bookkeeping records
  • Recurring invoices, payment tracking, and automated late-payment reminders
  • Expense tracking, receipt capture, reports, and iOS and Android apps
Cons
  • The free plan is limited to one app
  • Broader capabilities require an all-apps plan
  • Receipt capture is not separately described for this application
  • Automatic bank imports and categorization require the Pro plan
  • Online payments are optional and involve transaction fees
  • Listed integration coverage centers on Plaid
Our verdict

Odoo Accounting is a web-based bookkeeping application for businesses that need double-entry accounting alongside invoicing, vendor bills, payments, bank synchronization, reconciliation, tax management, and financial reporting. It can…

Read the review →

Wave is web-based invoicing and financial management software for small business owners, including freelancers and contractors. It supports invoices, estimates, recurring billing, customer and payment tracking, online credit-card and bank…

Read the review →
  1. Odoo AccountingBookkeeping Software 9.1Free plan
  2. WaveBookkeeping Software 8.7Free plan

Strengths and trade-offs

  • Odoo Accounting — where it wins

    • Free one-app plan includes unlimited users and Odoo Online
    • Bank feeds, automated reconciliation, OCR, and AI invoice digitization
    • Supports multi-company, multi-currency, inventory, and self-hosting

    Where it doesn't

    • The free plan is limited to one app
    • Broader capabilities require an all-apps plan
    • Receipt capture is not separately described for this application

  • Wave — where it wins

    • Free Starter plan includes unlimited invoices, bills, and bookkeeping records
    • Recurring invoices, payment tracking, and automated late-payment reminders
    • Expense tracking, receipt capture, reports, and iOS and Android apps

    Where it doesn't

    • Automatic bank imports and categorization require the Pro plan
    • Online payments are optional and involve transaction fees
    • Listed integration coverage centers on Plaid
  • Odoo Accounting9.1/10 · Free plan

    A broad accounting system for businesses that need integrated finance and operations.

    Visit OdooFull verdict →
  • Wave8.7/10 · Free plan

    A capable free starting point for invoicing and basic bookkeeping.

    Visit WaveFull verdict →

More comparisons

All bookkeeping software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update