Open Accounting vs Wave
Open Accounting
openaccounting.io
Wave
waveapps.comSide by side
| Figure | Open Accounting | Wave |
|---|---|---|
| Price from | $0.99/mo | $6/mo |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 4 | 10 |
| Spec score · Bookkeeping Software | 7.9 (#39) | 9.3 (#4) |
| Spec score · Financial Management | 8.2 (#17) | 8.6 (#10) |
| Accounting | The platform provides a double-entry accounting system with customizable accounts and reports. | Wave uses double-entry accounting and provides income, expense, cash-flow, profit-and-loss and balance-sheet reporting. |
| API | The REST API provides access to and creation of users, organizations, transactions, accounts, and prices. | Wave provides an API with application creation, endpoint documentation, query and mutation examples, a playground and webhooks. |
| Free plan | Yes | Yes |
| Headquarters | 6834 S University Blvd, Centennial, CO 80122, United States | Toronto, Ontario, Canada |
| Integrations | The privacy policy mentions Google accounts and identifies Stripe as a payment, analytics, and other business service provider. | Wave Pro lists integrations including Etsy, Driversnote, GoHighLevel, Google Sheets and Make.com. |
| Security | The privacy policy says the company uses reasonable efforts to protect user information but does not guarantee complete security of data transmission, hosting, or storage. | Wave states that it uses up to 256-bit TLS encryption, protected hosting facilities and tokenized payment data handling. |
| Paid from | 0.99 | 19 |
| Support | The pricing page lists email support for Personal Plus and Business, and phone and email support for Enterprise. | The Help Center and automated support chatbot Mave are available 24/7 to all customers; eligible customers can contact support by email or live chat Monday to Friday, 9 AM to 5 PM Eastern. |
Plans
Open Accounting
- Personal Plus$0.99 a month
- Business$4.99 a month
- PersonalFree
- EnterprisePriced on request
Wave
- StarterFree
- Pro$19 a month
- StarterFree
- Receipts$8 a month
- Pro$19 a month
- Pro Plan$19 a month
- Receipts$72 a year
- Wave Advisors$149 a month
- Pro$190 a year
- Pro Plan$190 a year
In their own words
Open Accounting
Open Accounting has no write-up on Specifiction yet; its figures are above.
Wave
Wave's invoicing software helps businesses create and send invoices, receive payments, and manage customer information. Invoice templates can be customized with a logo and brand colors using drag-and-drop editing. It supports recurring invoices and automatic credit card payments for repeat customers. Customers can pay by credit card, bank payment (ACH/EFT), or Apple Pay, and invoice and payment information connects to Wave's accounting feature. The free Starter plan costs nothing and includes unlimited estimates, invoices, bills, and bookkeeping records; online payments have transaction fees. Pro costs $19 a month and adds automatic bank transaction import, transaction merging and categorization, receipt capture, expense tracking, and late-payment reminders. Wave lists integrations including Amazon, eBay, Capsule, and Etsy, with workflows through Make. Connecting or maintaining Partner integrations and Make requires Pro or a Wave Advisors bookkeeping subscription; third-party API connections also require an active Pro or Wave Advisors package. Wave says it is not HIPAA-compliant and does not support healthcare-related businesses.