What users are saying about
29 Ratings
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Top Rated
122 Ratings
29 Ratings
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Score 8.5 out of 100

Wave Accounting

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Top Rated
122 Ratings
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Score 8 out of 100

Likelihood to Recommend

Odoo

The software is really good for managing inputs and inventory as well as maintaining traceability. The "track picking moves" functionality lets you look into a specific lot or serial numbers and view all the product moves that occurred with that lot. However, some navigation is not intuitive. For example, if I click on an item in the BoM of an assembly, then click the back button to go back to the assembly, the site goes all the way back to the home screen. Some of these quirks mean that there is a learning curve for the software, but overall the tracking is very good.
Mitesh Bhalani | TrustRadius Reviewer

Wave Accounting

Wave is free to use, and they have some premium features you can pay for. For someone just starting out as a small business, freelancer or independent contractor, this is a Godsend. You can look professional, have something easy to manage, and yet also have excellent records come the end of the year. You won't spend a bunch of time having to learn the program, it's very intuitive and you get a host of great features that will make getting paid easy.
J.P. VanderLinden | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Odoo
7.1
Wave Accounting
8.1
Pay calculation
Odoo
7.6
Wave Accounting
8.6
Benefit plan administration
Odoo
6.0
Wave Accounting
7.5
Direct deposit files
Odoo
6.8
Wave Accounting
8.8
Salary revision and increment management
Odoo
7.3
Wave Accounting
7.7
Reimbursement management
Odoo
7.7
Wave Accounting
7.9

Customization

Odoo
8.4
Wave Accounting
7.5
API for custom integration
Odoo
8.3
Wave Accounting
7.7
Plug-ins
Odoo
8.6
Wave Accounting
7.3

Security

Odoo
8.8
Wave Accounting
8.5
Single sign-on capability
Odoo
8.4
Wave Accounting
8.3
Role-based user permissions
Odoo
9.3
Wave Accounting
8.8

Reporting & Analytics

Odoo
8.7
Wave Accounting
8.3
Dashboards
Odoo
9.3
Wave Accounting
8.3
Standard reports
Odoo
9.2
Wave Accounting
8.5
Custom reports
Odoo
7.7
Wave Accounting
8.1

General Ledger and Configurable Accounting

Odoo
8.6
Wave Accounting
7.4
Accounts payable
Odoo
8.9
Wave Accounting
7.3
Accounts receivable
Odoo
9.0
Wave Accounting
8.1
Global Financial Support
Odoo
7.4
Wave Accounting
9.0
Primary and Secondary Ledgers
Odoo
8.8
Wave Accounting
9.0
Intercompany Accounting
Odoo
8.6
Wave Accounting
8.1
Localizations
Odoo
7.7
Wave Accounting
6.3
Journals and Reconciliations
Odoo
8.9
Wave Accounting
6.9
Enterprise Accounting
Odoo
8.5
Wave Accounting
5.9
Configurable Accounting
Odoo
8.9
Wave Accounting
6.5
Centralized Rules Framework
Odoo
8.6
Wave Accounting
8.2
Standardized Processes
Odoo
9.1
Wave Accounting
9.1
Cash management
Odoo
Wave Accounting
7.6
Bank reconciliation
Odoo
Wave Accounting
7.7
Expense management
Odoo
Wave Accounting
8.0
Time tracking
Odoo
Wave Accounting
4.3
Fixed asset management
Odoo
Wave Accounting
8.4
Multi-currency support
Odoo
Wave Accounting
7.1
Multi-division support
Odoo
Wave Accounting
7.1
Regulations compliance
Odoo
Wave Accounting
6.6
Electronic tax filing
Odoo
Wave Accounting
6.9
Self-service portal
Odoo
Wave Accounting
6.9

Inventory Management

Odoo
8.5
Wave Accounting
8.1
Inventory tracking
Odoo
8.9
Wave Accounting
5.5
Automatic reordering
Odoo
7.8
Wave Accounting
9.7
Location management
Odoo
8.8
Wave Accounting
8.2
Manufacturing module
Odoo
8.6
Wave Accounting
9.0

Order Management

Odoo
8.8
Wave Accounting
7.7
Pricing
Odoo
9.3
Wave Accounting
7.8
Order entry
Odoo
8.8
Wave Accounting
8.0
Credit card processing
Odoo
8.5
Wave Accounting
8.1
Cost of goods sold
Odoo
8.6
Wave Accounting
7.5
Order Orchestration
Odoo
8.2
Wave Accounting
6.7
End-to-end order visibility
Odoo
9.0
Wave Accounting
8.8
Order exception Resolution
Odoo
8.9
Wave Accounting
7.2

Subledger and Financial Process

Odoo
8.6
Wave Accounting
Automated Invoice Processing
Odoo
9.0
Wave Accounting
Shared Services Payments
Odoo
8.8
Wave Accounting
Billings Management
Odoo
8.9
Wave Accounting
Customer Receipt Applications
Odoo
8.3
Wave Accounting
Customer Collections
Odoo
8.9
Wave Accounting
Revenue Recognition
Odoo
8.9
Wave Accounting
Cash Management
Odoo
7.3
Wave Accounting
Asset Management
Odoo
8.2
Wave Accounting
Travel & Expense Management
Odoo
7.4
Wave Accounting
Budgetary Control & Encumbrance Accounting
Odoo
8.8
Wave Accounting
Period Close
Odoo
8.8
Wave Accounting
Transactions Tax
Odoo
9.2
Wave Accounting
Subledger Reconciliations
Odoo
8.8
Wave Accounting
3rd Party Accounting Systems
Odoo
8.6
Wave Accounting

Project Financial Management

Odoo
7.7
Wave Accounting
Budgeting and Forecasting
Odoo
7.9
Wave Accounting
Project Costing
Odoo
8.5
Wave Accounting
Cost Capture
Odoo
7.7
Wave Accounting
Capital Project Management
Odoo
7.5
Wave Accounting
Customer Invoicing
Odoo
8.5
Wave Accounting
Customer Contract Compliance
Odoo
8.1
Wave Accounting
Project Revenue Recognition
Odoo
7.9
Wave Accounting
Project Financial Performance Analysis
Odoo
8.0
Wave Accounting
Project Financials Dashboard
Odoo
7.6
Wave Accounting
Real-time Financial Reporting
Odoo
7.7
Wave Accounting
Embedded Business Intelligence
Odoo
6.1
Wave Accounting
Project Planning Collaboration
Odoo
6.2
Wave Accounting

Project Execution Management

Odoo
8.0
Wave Accounting
Project Planning and Scheduling
Odoo
9.1
Wave Accounting
Project Manager Dashboard
Odoo
9.1
Wave Accounting
Resource Manager Dashboard
Odoo
8.9
Wave Accounting
Task Insight for Project Managers
Odoo
8.9
Wave Accounting
Project Manager Mobile Functionality
Odoo
8.5
Wave Accounting
Team Member Task Collaboration
Odoo
8.7
Wave Accounting
Team Member Mobile Functionality
Odoo
8.6
Wave Accounting
Project Candidate Search
Odoo
7.3
Wave Accounting
Project Candidate Comparison and Analysis
Odoo
7.3
Wave Accounting
Defineable Resource Pools
Odoo
6.9
Wave Accounting
Defineable Resource Pools
Odoo
6.6
Wave Accounting
Talent Profiles
Odoo
7.1
Wave Accounting
Real-Time Project Reporting
Odoo
7.3
Wave Accounting
Absence Management
Odoo
8.1
Wave Accounting
Product Lifecycle Management
Odoo
8.2
Wave Accounting

Grants Management

Odoo
7.3
Wave Accounting
Award Lifecycle Management
Odoo
7.3
Wave Accounting
Spending Control
Odoo
6.9
Wave Accounting
Indirect Cost Management
Odoo
7.3
Wave Accounting
Billing
Odoo
7.7
Wave Accounting

Procurement

Odoo
8.2
Wave Accounting
Sourcing Team Collaboration
Odoo
8.3
Wave Accounting
Sourcing Analysis
Odoo
7.7
Wave Accounting
Bids Analyzed and Compared
Odoo
7.5
Wave Accounting
Catalog Shopping E-Commerce for Employees
Odoo
8.3
Wave Accounting
Contract Authoring
Odoo
8.3
Wave Accounting
Contract Compliance Management
Odoo
8.4
Wave Accounting
Contract History
Odoo
8.3
Wave Accounting
Contract Renewal Automation
Odoo
7.9
Wave Accounting
Contract Repository
Odoo
8.4
Wave Accounting
Contract Standardization and Enforcement
Odoo
8.2
Wave Accounting
Electronic Signatures
Odoo
8.1
Wave Accounting
Invoice Automated Matching
Odoo
8.4
Wave Accounting
Purchasing Risk and Compliance Management
Odoo
8.5
Wave Accounting
Requisitions-to-Purchase Orders Integrated
Odoo
8.3
Wave Accounting
Spend Compliance Management
Odoo
7.8
Wave Accounting
Supplier Assessment
Odoo
8.4
Wave Accounting
Supplier Communication and Collaboration
Odoo
8.4
Wave Accounting
Supplier Management
Odoo
7.9
Wave Accounting
Supplier Portal
Odoo
8.4
Wave Accounting

Risk Management

Odoo
9.4
Wave Accounting
Risk Repository
Odoo
9.7
Wave Accounting
Control Management
Odoo
9.7
Wave Accounting
Control Mapping
Odoo
8.7
Wave Accounting
Control Efficiency Assessments
Odoo
8.8
Wave Accounting
Automated Control Assessments
Odoo
9.7
Wave Accounting
Assessment Capture
Odoo
8.7
Wave Accounting
Issue Detection
Odoo
9.7
Wave Accounting
Automatic Notification
Odoo
9.9
Wave Accounting
Remediation and Certification
Odoo
9.7
Wave Accounting

Logistics

Odoo
6.4
Wave Accounting
Transportation Planning and Optimization
Odoo
6.0
Wave Accounting
Transportation Sourcing Management
Odoo
6.1
Wave Accounting
Transportation Process Integration
Odoo
6.0
Wave Accounting
Transportation Execution Management
Odoo
6.0
Wave Accounting
Freight Payment Automation
Odoo
6.0
Wave Accounting
Trade Management
Odoo
6.0
Wave Accounting
Trade Regulatory Compliance Management
Odoo
5.0
Wave Accounting
Customs Entry Management
Odoo
7.0
Wave Accounting
Customs Document Management
Odoo
7.0
Wave Accounting
Customs Document Collaboration
Odoo
7.0
Wave Accounting
Fulfillment Management
Odoo
6.8
Wave Accounting
Inventory Visibility
Odoo
7.3
Wave Accounting
Warehouse Workforce Management
Odoo
7.3
Wave Accounting

Manufacturing

Odoo
8.2
Wave Accounting
Production Process Design
Odoo
7.7
Wave Accounting
Supply Chain Business Flows
Odoo
8.6
Wave Accounting
Production Management
Odoo
8.0
Wave Accounting
Contracted Manufacturing Management
Odoo
7.6
Wave Accounting
Configuration Management
Odoo
8.6
Wave Accounting
Work Definition
Odoo
8.0
Wave Accounting
Work Execution
Odoo
8.4
Wave Accounting
Advanced Fulfillment
Odoo
8.0
Wave Accounting
Manufacturing Costs
Odoo
8.6
Wave Accounting

Supply Chain

Odoo
8.5
Wave Accounting
Forecasting
Odoo
8.5
Wave Accounting
Inventory Planning
Odoo
8.5
Wave Accounting
Multi-tier Supply Chain Planning
Odoo
8.5
Wave Accounting
Performance Monitoring
Odoo
8.5
Wave Accounting

Product Lifecycle Management

Odoo
7.6
Wave Accounting
Ideation Management
Odoo
7.0
Wave Accounting
Requirements Management
Odoo
7.1
Wave Accounting
Proposal Management
Odoo
7.5
Wave Accounting
Innovation Portfolio Management
Odoo
7.0
Wave Accounting
Product Master Data Management
Odoo
7.5
Wave Accounting
Vendor Portal
Odoo
8.4
Wave Accounting
Project Portfolio Management
Odoo
8.4
Wave Accounting

Pros

Odoo

  • Keeping a detailed record of all staff.
  • The application can be extended with modules.
  • Simple and intuitive.
  • Simple implementation
  • Relatively inexpensive.
Marouane Tohme | TrustRadius Reviewer

Wave Accounting

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA | TrustRadius Reviewer

Cons

Odoo

  • Community version is sometimes hard to maintain, needs some on-premise knowledge (IT) or having business with an Odoo partner that is sometimes expensive and unreliable.
  • Enterprise version is as expensive as other ERP in the market.
  • Reporting is horrible, not a lot of possibility to integrate seamlessly with a third party BI platform.
David MacDonald | TrustRadius Reviewer

Wave Accounting

  • connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
  • sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
  • Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
Kristy Nittskoff | TrustRadius Reviewer

Likelihood to Renew

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris | TrustRadius Reviewer

Usability

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 5.3
Based on 4 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Melissa Whaley | TrustRadius Reviewer

Reliability and Availability

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 2.9
Based on 2 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Melissa Whaley | TrustRadius Reviewer

Support Rating

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman | TrustRadius Reviewer

Online Training

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen | TrustRadius Reviewer

Alternatives Considered

Odoo

While comparing Direkto with the Odoo, I'd say, only consideration of the UI is enough to see the vital advantage of the latter. Moreover, the specific functions are way [more] easily searchable through the Odoo than in Direkto.
Anonymous | TrustRadius Reviewer

Wave Accounting

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis | TrustRadius Reviewer

Scalability

Odoo

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin | TrustRadius Reviewer

Return on Investment

Odoo

  • Easy tracking of customers from prospects to sales.
  • Easy repeat orders customer follow-ups. All historical transactions and communications in one place.
Franz Josef Bautista | TrustRadius Reviewer

Wave Accounting

  • Wave is free. As a small business owner, it's difficult for me to commit to using too many different software because costs add up. Wave is a very competitive application with many features. I don't think I can go elsewhere at this point. It's far too attractive.
  • Wave does have paid features relating to payroll and bank account transfers. I prefer to handle incoming payments through checks manually so I don't worry about bank transfers. For some, this might be a concern, but you are likely paying for this no matter what you use.
  • Wave has saved me a considerable amount of time going back and forth between my bank's website and excel sheets. This is immeasurable to me. Keeping invoices in one place is also a big deal. I really love this software.
Chris Hecox | TrustRadius Reviewer

Screenshots

Pricing Details

Odoo

General

Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$20*

* per app/ per user/ per month

Wave Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Odoo
8.6
Wave Accounting
7.8

Likelihood to Renew

Odoo
Wave Accounting
7.8

Usability

Odoo
Wave Accounting
5.3

Reliability and Availability

Odoo
Wave Accounting
6.7

Performance

Odoo
Wave Accounting
2.9

Support Rating

Odoo
Wave Accounting
9.0

Online Training

Odoo
Wave Accounting
4.7

Scalability

Odoo
Wave Accounting
3.0

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