The wire arc additive manufacturing (WAAM) process used to manufacture aluminum parts has a number of variables. This study focuses on the effects of the heat input and the current and voltage ratio on the deposition efficiency. The effects of the heat input and current and voltage ratio (V/A) on the bead geometry were analyzed, depending on the cross-sectional geometry of the deposition layers, for nine different deposition conditions. The deposition efficiency was also analyzed by analyzing the cross-sectional geometry of the thin-wall parts made of aluminum. The heat input range was about 2.7 kJ/cm to 4.5 kJ/cm; the higher the heat input, the higher the deposition efficiency. The maximum deposition efficiency achieved in this study was 76%. The current and voltage ratio was used to quantify the portion of voltage (V) in the total heat input (Q), and the effect on the bead geometry was analyzed. As the portion of voltage in the quasi heat input decreased by about 10%, it was found that the deposition efficiency was decreased by 1% to 3%.