Compare Odoo Accounting VS Wave Accounting

Pros & Cons

Pros

Odoo software supports automated GST taxation filing, e-invoice integration, and...Read more - prasad Jul 24, 2024

Wave has fulfilled our needs for an affordable solution for our two subsidiaries...Read more - nandini lal Jul 04, 2024

Setting up Wave was straightforward and initially easy to understand. - Babita Jul 04, 2024

Cons

For inventory management, we had to customize the software. - prasad Jul 24, 2024

It only allows to view reports and can’t download reports or combine them. Pla...Read more - nandini lal Jul 04, 2024

The payroll options are very limited, and there’s no solution for unpaid vacat...Read more - Babita Jul 04, 2024

Reviews

Verified customer reviews

Odoo Accounting is a user friendly software

prasad Jul 24, 2024

See all Odoo Accounting reviews

Allows to create and send invoices easily

nandini lal Jul 04, 2024

Lack of Customer Support

Babita Jul 04, 2024

See all Wave Accounting reviews

Best Use for

Business Size:

Individual
2-50 Employees
51-250 Employees
250-500 Employees
500-1000 Employees
More than 1000+ Employees

Individual
2-50 Employees
51-250 Employees
250-500 Employees
500-1000 Employees
More than 1000+ Employees

Business Type:

Small Business
Startups
Medium Business
Enterprise
SMBs
SMEs
MSMBs
MSMEs
Freelancers

Small Business
Startups
Medium Business
Enterprise
SMBs
SMEs
MSMBs
MSMEs
Freelancers

Industries:

All Industries

All Industries

Features

Core Functionalities

General Ledger
Bookkeeping Capabilities
Accounts Receivable
Tax Management
Payroll Management
Time & Expenses Management
Asset Management
Bank Reconciliation
Bank Settlement
Accounts Payable
Fund Accounting
Multi Currency Support
Cost Centres
Fixed Asset Register (FAR) Management
Trial Balance Preparation
Gst Report Preparations
Return Filings
Tds Report Generations
GST Input Reconciliations
Variant Analysis
Alerts & Notifications
Batch Management
Branch Management
Broker Management
Claims Management
Collection Management
Credit / Debit Note
Document Management
Quotation & Estimates
Sales Management
Statutory Compliances
Transaction Management
Receipt Management

General Ledger
Bookkeeping Capabilities
Accounts Receivable
Tax Management
Payroll Management
Time & Expenses Management
Asset Management
Bank Reconciliation
Bank Settlement
Accounts Payable
Fund Accounting
Multi Currency Support
Cost Centres
Fixed Asset Register (FAR) Management
Trial Balance Preparation
Gst Report Preparations
Return Filings
Tds Report Generations
GST Input Reconciliations
Variant Analysis
Alerts & Notifications
Batch Management
Branch Management
Broker Management
Claims Management
Collection Management
Credit / Debit Note
Document Management
Quotation & Estimates
Sales Management
Statutory Compliances
Transaction Management
Receipt Management

Administrative Features

Ledger Scrutiny
Admin Controls
Backup & Restore
Facility Management
Self Service Portal
User Access Management

Ledger Scrutiny
Admin Controls
Backup & Restore
Facility Management
Self Service Portal
User Access Management

Integrations Supported

Import / Export Management

Import / Export Management

Financial Management

Budgeting & Forecasting
Revenue Management
Fund Accounting
Cash Flow Management
Fund Planning
Net Worth Management
Cash and Bank Management
Financial Planning & Analysis

Budgeting & Forecasting
Revenue Management
Fund Accounting
Cash Flow Management
Fund Planning
Net Worth Management
Cash and Bank Management
Financial Planning & Analysis

Analytics and Reporting

Profit & Loss
Financial Accounting and Reporting
Gross Profit
Ratio Analysis
Net Profit Management
Audit Management
Financial Statement Generation & Analysis
Profit Centers

Profit & Loss
Financial Accounting and Reporting
Gross Profit
Ratio Analysis
Net Profit Management
Audit Management
Financial Statement Generation & Analysis
Profit Centers

Sales and CRM

CRM Capabilities
Customer Management
Loyalty Program
Order Management
Quotation & Estimates
Sales Management

CRM Capabilities
Customer Management
Loyalty Program
Order Management
Quotation & Estimates
Sales Management

Inventory and Supply Chain Management

Inventory Management
Inventory Reconciliation
Barcode Scanning
Delivery Management
Distribution Management
Item Master
Product Management
Stock Management
Store Management
Supply Chain Management
Vendor & Supplier Management
Warehouse Management

Inventory Management
Inventory Reconciliation
Barcode Scanning
Delivery Management
Distribution Management
Item Master
Product Management
Stock Management
Store Management
Supply Chain Management
Vendor & Supplier Management
Warehouse Management

Project and Workflow Management

Time & Expenses Management
Project Accounting
Facility Management
Production Management
Transaction Management
Workflow Management

Time & Expenses Management
Project Accounting
Facility Management
Production Management
Transaction Management
Workflow Management

Retail and Point of Sale

Point of Sale (POS)
Retail Management

Point of Sale (POS)
Retail Management

Billing & Invoicing

Invoice Processing
Payment Processing
Automatic Payment Reminders
Bill Of Materials (BOM)
E-Way Bill Generation
Payment Tracking

Invoice Processing
Payment Processing
Automatic Payment Reminders
Bill Of Materials (BOM)
E-Way Bill Generation
Payment Tracking

Gallery

All Videos & Images

See all (3)

Specifications

Deployment

Web based
On Premises

Web based
On Premises

Device Supported

Desktop
Mobile
iPad
Tablet

Desktop
Mobile
iPad
Tablet

Supported Platforms

Windows
Mac OS
Android
iOS
Linux
Ubuntu

Windows
Mac OS
Android
iOS
Linux
Ubuntu

Languages support

عربى
Nederlands
English
français
Italiano
日本人
한국어

English

Question and Answers

Product related question and answers

Still got Question in Mind?

Get answered by real users or software experts

Ask Question

How to Set Yourself Up for Bookkeeping Success?

To do well in bookkeeping with Wave, it's important to regularly check your tran... Read more

How to Bookkeep for Invoice Payments in Wave?

In Wave, when you mark an invoice as paid, it automatically updates your financi... Read more

How to Reconcile Your Accounts in Wave?

To reconcile accounts in Wave, follow the steps given below: Open your Wav... Read more

See all Wave Accounting Questions & Answers

Alternatives

Top Alternative Products

TallyPrime

Busy Accounting Software

Marg ERP 9+

Deskera Books

See all Odoo Accounting alternatives

TallyPrime

Busy Accounting Software

Marg ERP 9+

Deskera Books

See all Wave Accounting alternatives

Odoo Accounting vs Wave Accounting Comparison FAQs

Software questions,
answered

While Odoo Accounting offers customized features, Wave Accounting has diverse modules. Select between Odoo Accounting or Wave Accounting as per your business needs.

Both these products offer similar features but with a different approach. While Odoo Accounting emphasizes on user experiences, Wave Accounting focuses on functionalities.

It all depends on the functionalities that you prefer. While Odoo Accounting offers add-ons along with essential features, Wave Accounting emphasizes on customization.

No, the difference between Odoo Accounting and Wave Accounting lies in terms of features and functionalities. While Odoo Accounting can be customized as per the user’s needs, Wave Accounting addresses the diverse audience.

It depends upon your business requirement. Both Odoo Accounting and Wave Accounting provides standard features to cater diverse industry needs.

The difference lies in terms of the user interface and functionalities. While Odoo Accounting is customizable, Odoo Accounting offers comprehensive modules.

A Quick Comparison Between Odoo Accounting vs Wave Accounting

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

Comparison of Odoo Accounting vs Wave Accounting In terms of Features
Comparison Between Odoo Accounting and Wave Accounting In terms of Deployment Type
Odoo Accounting or Wave Accounting: Which Is Ideal for Your Industry
Which Is Better? - Odoo Accounting or Wave Accounting

Comparison of Odoo Accounting vs Wave Accounting In terms of Features

Odoo Accounting includes features like Financial Statement Generation & Analysis, Transaction Management, Branch Management and Bookkeeping Capabilities. Wave Accounting is known for functionalities like Financial Statement Generation & Analysis, Time & Expenses Management, Order Management and Asset Management. When you compare Odoo Accounting vs Wave Accounting, look for scalability, customization, ease of use, customer support and other key factors. The one which suits your business needs is the best.

Comparison Between Odoo Accounting and Wave Accounting In terms of Deployment Type

While Odoo Accounting supports Web Based deployment; Wave Accounting is suitable for Web Based deployment. While selecting between Odoo Accounting and Wave Accounting, figure out which one of the two is compatible with your devices. This will help in reducing the hassle after implementation.

Odoo Accounting or Wave Accounting: Which Is Ideal for Your Industry

Odoo Accounting is ideal for industries like All Industries. For All Industries, Wave Accounting is a better choice. If you are confused between Odoo Accounting or Wave Accounting, you can also check if the software has customizable modules for your industry. Industry-specific functionalities will ensure higher efficiency and ROI. However, do check for the hidden price, is any.

Which Is Better? - Odoo Accounting or Wave Accounting

Odoo Accounting and Wave Accounting can be used for different purposes and are well-suited for teams with specific needs. If you are looking for a platform that is easy to use, has low barriers to entry, and offers a lot of customization, flexibility, and integration options, then you must compare their specifications in detail at the time of demo. Compare Odoo Accounting and Wave Accounting during demo to decide which one is best for your business.

Author: Akhilesh Nagpal

Odoo Accounting VS Wave Accounting

We provide the best software solution for your business needs

Odoo Accounting vs Wave Accounting Comparison FAQs

Is Odoo Accounting better than Wave Accounting?

Are Odoo Accounting and Wave Accounting same?

Which is better Odoo Accounting or Wave Accounting?

Is Odoo Accounting the same as Wave Accounting?

Can Odoo Accounting replace Wave Accounting?

What is the difference between Odoo Accounting and Wave Accounting?

A Quick Comparison Between Odoo Accounting vs Wave Accounting

Comparison of Odoo Accounting vs Wave Accounting In terms of Features

Comparison Between Odoo Accounting and Wave Accounting In terms of Deployment Type

Odoo Accounting or Wave Accounting: Which Is Ideal for Your Industry

Which Is Better? - Odoo Accounting or Wave Accounting

Odoo Accounting VS Wave Accounting

We provide the best software solution for your business needs

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Odoo Accounting vs Wave Accounting Comparison FAQs

Is Odoo Accounting better than Wave Accounting?

Are Odoo Accounting and Wave Accounting same?

Which is better Odoo Accounting or Wave Accounting?

Is Odoo Accounting the same as Wave Accounting?

Can Odoo Accounting replace Wave Accounting?

What is the difference between Odoo Accounting and Wave Accounting?

A Quick Comparison Between Odoo Accounting vs Wave Accounting

Comparison of Odoo Accounting vs Wave Accounting In terms of Features

Comparison Between Odoo Accounting and Wave Accounting In terms of Deployment Type

Odoo Accounting or Wave Accounting: Which Is Ideal for Your Industry

Which Is Better? - Odoo Accounting or Wave Accounting

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