Shlomi Lavi /
Dec 28, 2022
We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Bottom Line: Which is Better - Odoo or Wave Accounting?
Wave Accounting is more expensive to implement (TCO) than Odoo, and Wave Accounting is rated higher (97/100) than Odoo (90/100). Wave Accounting offers users more features (5) than Odoo (0).
Looking for the right Inventory Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
Odoo Vs. Wave Accounting
Odoo: Odoo is an open-source suite of integrated business applications actively programmed, supported, and organized by Odoo SA. Odoo is similar to many open-source projects where customized programming, support, and other services are provided by an active global community and partners network. The community is comprised of more than 1,500 active member...
Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.
Who is more expensive? Odoo or Wave Accounting?
The real total cost of ownership (TCO) of Inventory Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Odoo and Wave Accounting.
Odoo price starts at $6 per user/month , On a scale between 1 to 10 Odoo is rated 2, which is much lower than the average cost of Inventory Management software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Odoo is rated 2, which is much lower than the average cost of Inventory Management software.
Bottom line: Wave Accounting is more expensive than Odoo.
Which software includes more/better features?
We've compared Odoo Vs. Wave Accounting based on some of the most important and required Inventory Management features.
Odoo: We are still working to collect the list of features for Odoo.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
Odoo's typical customers include: SMBs, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.