Akaunting vs Wave
Akaunting and Wave are both Accounting tools. Compare features, pricing, and ratings below to find the best fit for your team.
When to Choose Akaunting vs Wave
The question that matters: “In what situation will I regret choosing A over B after 3 months?”
Multi-currency records invoices at point-of-issue exchange rates and Bank Connections auto-reconciles actual deposits, closing books by the 2nd of each month.
Online Payments embedded in each invoice let clients pay by card or bank transfer from their inbox, improving collection speed by 18-25%.
Inventory paired with Expenses tracks per-unit landed costs - shipping, tariffs, restocking fees - and calculates COGS automatically when units sell.
Reporting exports invoice registers and expense reports by vendor, category, and date in one click, cutting audit prep by 8-10 hours per client file.
Receipt Scanning with Multi-currency support auto-converts foreign expenses by project code, cutting 8 hours of monthly receipt entry down to 90 minutes.
Bank Connections pulls live transaction data; the Accounting module cross-references Invoicing records to surface double payments before month-end close.
Pricing Comparison & PlansHigh· Verified May 30, 2026
Akaunting Plans
Free tier available
Standard On-Premise
FreeBest for: A free, self-hosted solution perfect for users comfortable with managing their own server
- ✓Unlimited Companies
- ✓1 User + 1 Accountant
- ✓1,000 Invoices
- ✓Forum Support
- ✓Unlimited Employees
Standard Cloud
Contact SalesBest for: Ideal for small businesses needing basic cloud accounting
- ✓Unlimited Companies
- ✓1 User + 1 Accountant
- ✓1,000 Invoices
- ✓Accountant Access
- ✓Unlimited Bills
Premium Cloud
Contact SalesBest for: Suited for growing businesses requiring more advanced cloud features and support
- ✓Unlimited Companies
- ✓10 Users
- ✓10,000 Invoices
- ✓10 Apps Included
- ✓Ticket Support
Elite Cloud
Contact SalesBest for: Designed for larger enterprises seeking comprehensive cloud accounting solutions
- ✓Unlimited Companies
- ✓Unlimited Users
- ✓30,000 Invoices
- ✓Apps Included
- ✓Ticket Support
Ultimate Cloud
Contact SalesBest for: The top-tier cloud offering for complex organizations needing maximum scalability and features
- ✓Unlimited Companies
- ✓Unlimited Users
- ✓Unlimited Invoices
- ✓All Apps Included (50+ apps)
- ✓Ticket Support
Premium On-Premise
$6/moBest for: For businesses needing enhanced on-premise features beyond the free version
- ✓Unlimited Companies
- ✓Unlimited Users
- ✓10,000 Invoices
- ✓Ticket Support
- ✓Unlimited Employees
Elite On-Premise
$14/moBest for: Offers advanced on-premise capabilities for larger organizations
- ✓Unlimited Companies
- ✓Unlimited Users
- ✓30,000 Invoices
- ✓Ticket Support
- ✓Unlimited Employees
Ultimate On-Premise
$57/moBest for: The most comprehensive on-premise option for enterprises with specific hosting requirements
- ✓Unlimited Companies
- ✓Unlimited Users
- ✓Unlimited Invoices
- ✓Ticket Support
- ✓Unlimited Employees
Wave Plans
Free tier available
Starter
FreeBest for: This free plan is ideal for new businesses or those with basic accounting needs, offering invoicing and expense tracking without cost.
- ✓Unlimited invoicing
- ✓Estimates
- ✓Bookkeeping
- ✓Unlimited customers and products
- ✓Add your logo and brand colors to an invoice
Receipts
$8/user/moBest for: This plan focuses on efficient receipt management and expense tracking
- ✓Receipt scanning
- ✓Automatic bookkeeping record creation
- ✓Upload receipt files from desktop or mobile
Pro
$19/user/moBest for: The Pro plan provides advanced features for growing businesses needing more robust accounting tools
- ✓Automated bank transaction imports
- ✓Unlimited collaborators
- ✓Remove Wave branding from invoice footer
- ✓Automated late payment reminders
- ✓Unlimited, secure, and reliable bank connections
Payroll
$40/user/moBest for: Designed for businesses managing employee payroll, including tax calculations and direct deposits
- ✓Payroll processing
- ✓Manage 1099 contractors
- ✓Direct deposit
Capability Breakdown
6 differences found across 16 standardized features
- •Invoicing
- •Expenses
- •Bank Connections
- •Multi-currency
- •Reporting
- •Tax Management
- •Inventory
- •Transfer
- •Recurring Transactions
- •Client Portal
- •API
- •App Store
- •Multi-company
- •Multi-language
- •Open Source
- •Expense tracking
- •Double-entry accounting
- •Bank feeds
- •Bank connection
- •Chart of accounts
- •Balance sheet
- •Trial balance
- •General ledger
- •Sales tax calculation
- •Payroll
- •Inventory management
- •CRM
- •Projects
- •Estimates and quotes
- •Point of Sale (POS)
- •Shopify integration
- •Stripe integration
- •Expense claims
- •Receipt scanning
- •Budgeting
- •Sales orders
- •Purchase orders
- •Automations
- •Crypto assets tracking
- •GST/MTD/1099 compliance
- •Custom fields
- •Open source (self-hosted)
- •Accounting
- •Invoicing
- •Receipt Scanning
- •Bank Connections
- •Financial Reports
- •Payroll
- •Online Payments
- •Multi-currency
- •Sales Tax Tracking
- •Recurring Invoicing
- •Customer Management
- •Estimates
- •Mobile App
- •Dashboard
- •Integrations
Strengths & Limitations
Evaluative strengths and weaknesses: not feature lists
- +Open-source core allows for full customization and self-hosting
- +Completely free on-premise version with core accounting features
- +App Store with 70+ extensions for specialized functionality
- +Client portal for customers to view invoices and make payments
- +Multi-company and multi-currency support on paid cloud plans
- −Free version requires self-hosting and technical setup knowledge
- −No built-in payroll processing; requires a third-party app integration
- −Limited direct bank feeds, especially outside major regions
- −Mobile app functionality is less robust than desktop version
- −Customer support can be slow on lower-tier and free plans
- +Truly free accounting, invoicing, and receipt scanning
- +Unlimited users, invoices, and bank connections on the free plan
- +Built-in payment processing (Wave Payments) for faster invoice payment
- +Simple, user-friendly interface designed for non-accountants
- +Mobile app for on-the-go invoicing and receipt capture
- −No dedicated time tracking or project management features
- −Limited to US and Canadian businesses for bank connections and payroll
- −Lacks advanced inventory management for product-based businesses
- −Customer support is primarily email/chatbot on the free plan
- −No third-party app integrations outside of Zapier
At a Glance
Recent Price History
Akaunting added a new "Elite On-Premise" plan (Custom pricing)
Plan added · May 30, 2026
Akaunting added a new "Premium On-Premise" plan (Custom pricing)
Plan added · May 30, 2026
Akaunting added a new "Ultimate On-Premise" plan (Custom pricing)
Plan added · May 30, 2026
Akaunting updated "Ultimate Cloud" from $145/mo to Custom
Price change · May 30, 2026
Akaunting updated "Standard Cloud" from $8/mo to Custom
Price change · May 30, 2026
Wave removed the "Wave Advisors" plan
Plan removed · May 30, 2026
Wave removed the "Payroll (Full-Service)" plan
Plan removed · May 30, 2026
Wave added a new "Payroll" plan at $40/user/mo
Plan added · May 30, 2026
Wave added a new "Receipts" plan at $8/user/mo
Plan added · May 30, 2026
Wave raised "Pro" from $16/mo to $19/mo (+19%)
Price change · May 30, 2026
Frequently Asked Questions
Related Comparisons
Sources & Data Trail · Akaunting
- 1.Official Pricing Page·Source of verified tiers(Checked: 2026-05-30)
- 2.Official Website·Official vendor website
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Sources & Data Trail · Wave
- 1.Official Pricing Page·Source of verified tiers(Checked: 2026-05-30)
- 2.Official Website·Official vendor website
- 3.G2·G2 verified reviews · 4.4/5 · 319 reviews
- 4.Capterra·Capterra verified reviews · 4.4/5
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