Wave wins on more features overall (7 vs 4, 8 tied). Below is the full feature-by-feature breakdown.
| Feature | Odoo Invoicing | Wave |
|---|---|---|
| Free plan |
— Limited
One Odoo app free
|
✓ Yes
|
| Entry paid plan |
— Paid add-on
~AU$38/user/mo Standard
|
✓ Yes
Pro Plan US$16/mo (about AU$25)
|
| Download PDF without signup |
✗ No
|
✗ No
Requires signup to generate invoices
|
| Feature | Odoo Invoicing | Wave |
|---|---|---|
| Unlimited invoices |
— Limited
|
✓ Yes
|
| Custom logo & branding |
✓ Yes
|
✓ Yes
|
| Recurring invoices |
✓ Yes
|
✓ Yes
|
| Email invoices to clients |
✓ Yes
|
✓ Yes
|
| Multi-currency |
✓ Yes
|
✓ Yes
|
| Client management |
✓ Yes
|
✓ Yes
|
| Feature | Odoo Invoicing | Wave |
|---|---|---|
| ATO-compliant GST invoices |
— Limited
Configurable tax rates
|
— Limited
No automatic ATO Tax Invoice wording
|
| ABN field built in |
— Limited
Custom field workaround
|
✗ No
Manual workaround needed
|
| Australian-focused support |
— Limited
|
✗ No
No AU-based support
|
| Feature | Odoo Invoicing | Wave |
|---|---|---|
| Bank reconciliation |
✗ No
|
— Limited
AU bank feeds are limited
|
| Expense tracking |
— Limited
|
✓ Yes
|
| Payroll |
✗ No
|
✗ No
US/Canada only
|
| Inventory tracking |
✓ Yes
|
✗ No
|
| Feature | Odoo Invoicing | Wave |
|---|---|---|
| Stripe payments |
✓ Yes
|
— Limited
Wave Payments only — no direct Stripe integration
|
| Mobile app |
— Limited
|
✓ Yes
|
| Feature | Odoo Invoicing | Wave |
|---|---|---|
| Setup time |
✗ No
ERP configuration
|
— Limited
~10 min signup + business setup
|
Neither tool fits your invoicing-only workflow? Try InvoiceSonic — free for unlimited ATO-compliant tax invoices, no signup required.
Create a free invoice now →Odoo Invoicing starts at Free (1 app); Standard ~AU$38/user/mo; Wave starts at Free (Pro Plan US$16/mo). Odoo Invoicing offers one app free on odoo online. Wave offers free forever.
For ATO-compliant GST: Odoo Invoicing = limited, Wave = limited. For native ABN field: Odoo Invoicing = limited, Wave = no. If you operate in Australia and either tool falls short here, InvoiceSonic handles both natively — and it's free.
Most freelancers want fast invoicing without paying for full accounting. Between these two, Wave wins more categories overall. But if you're a freelancer who just wants ATO-compliant tax invoices for free, InvoiceSonic is purpose-built for that workflow.
Both Odoo Invoicing and Wave let you export client lists and invoice history (usually as CSV). Migration takes an afternoon for most small businesses. If you're considering switching anyway, it might be worth evaluating InvoiceSonic as a free alternative for invoicing while keeping your accountant's tool of choice for bookkeeping.
Both tools are accounting-first platforms; their invoicing modules are a subset of what they do. If invoicing is your only need, a free dedicated invoice generator like InvoiceSonic is usually faster, cheaper, and more focused — without paying for bookkeeping, payroll, or inventory features you won't use.
Yes — InvoiceSonic is free for unlimited Australian-compliant invoices with no signup required for PDF download. You can run it alongside or instead of paid accounting platforms.