Accounting Software

Wave vs ERPNext

Both are accounting software. The short answer: choose Wave if you are very small businesses in the US and Canada on a tight budget; choose ERPNext if you are growing businesses that want an open-source ERP they can customise.

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Wave logo WaveERPNext logo ERPNext
Best forVery small businesses in the US and Canada on a tight budgetGrowing businesses that want an open-source ERP they can customise
Free planYesYes
PricingSee providerSee provider
Built for IndiaGlobalYes
CategoriesBilling & Invoicing Software, Accounting SoftwareAccounting Software, Inventory Management Software, ERP Software
Strengths
  • Free core invoicing and accounting
  • Simple to learn
  • Free open-source edition
  • Indian GST support
  • Highly customisable
Watch out for
  • Best suited to US/Canada
  • Fewer integrations
  • Implementation needs expertise
  • Hosted plans are paid
Visit WaveVisit ERPNext

Which should you choose?

Wave: Free-to-start invoicing and accounting for small businesses, with paid payments and payroll add-ons.

ERPNext: Open-source ERP from Frappe covering accounting, inventory, manufacturing, HR and CRM, with Indian GST localisation.

The best way to decide is to run the same week of real work through both — most offer a free plan or trial — and compare how long tasks take, what your team prefers, and the total cost for your number of users including renewal pricing.

Not sure either fits? See all accounting software compared.