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.
Do not assume a one-click migration. Confirm each product's current export and import formats, then test contacts, opening balances, unpaid invoices, tax codes, attachments and reconciliations before cancelling the old account. Keep statutory records outside both systems.
Both tools include more than invoicing. If invoicing is your only need, a dedicated generator can be faster and more focused than a full accounting subscription.
Yes — InvoiceSonic lets you create and download an invoice without signup. Its account plans have separate limits and pricing, so compare current official plans before deciding.