What users are saying about
1 Rating
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>Score 7 out of 100
Based on 1 reviews and ratings
155 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>Score 6.8 out of 100
Based on 155 reviews and ratings
Feature Set Ratings
- Wave Accounting ranks higher in 1 feature set: General Ledger and Configurable Accounting
General Ledger and Configurable Accounting

5.0
Clearbooks
50%

5.4
Wave Accounting
54%
Wave Accounting ranks higher in 20/21 features
Wave Accounting ranks higher in 20/21 features
Accounts payable

5.0
50%
1 Rating

5.7
57%
55 Ratings
Accounts receivable

5.0
50%
1 Rating

5.9
59%
66 Ratings
Cash management

5.0
50%
1 Rating

5.6
56%
58 Ratings
Bank reconciliation

5.0
50%
1 Rating

5.0
50%
62 Ratings
Expense management

5.0
50%
1 Rating

6.8
68%
60 Ratings
Fixed asset management

5.0
50%
1 Rating

4.1
41%
11 Ratings
Time tracking

N/A
0 Ratings

4.6
46%
10 Ratings
Multi-currency support

N/A
0 Ratings

6.9
69%
18 Ratings
Multi-division support

N/A
0 Ratings

7.1
71%
9 Ratings
Regulations compliance

N/A
0 Ratings

6.8
68%
15 Ratings
Electronic tax filing

N/A
0 Ratings

5.9
59%
14 Ratings
Self-service portal

N/A
0 Ratings

3.3
33%
39 Ratings
Global Financial Support

N/A
0 Ratings

9.0
90%
2 Ratings
Primary and Secondary Ledgers

N/A
0 Ratings

7.0
70%
4 Ratings
Intercompany Accounting

N/A
0 Ratings

4.2
42%
5 Ratings
Localizations

N/A
0 Ratings

5.2
52%
3 Ratings
Journals and Reconciliations

N/A
0 Ratings

5.6
56%
28 Ratings
Enterprise Accounting

N/A
0 Ratings

4.0
40%
7 Ratings
Configurable Accounting

N/A
0 Ratings

5.5
55%
16 Ratings
Centralized Rules Framework

N/A
0 Ratings

1.0
10%
3 Ratings
Standardized Processes

N/A
0 Ratings

4.7
47%
17 Ratings
Payroll Management

Clearbooks
Feature Set Not Supported
N/A

6.6
Wave Accounting
66%
Wave Accounting ranks higher in 5/5 features
Wave Accounting ranks higher in 5/5 features
Pay calculation

N/A
0 Ratings

7.2
72%
23 Ratings
Benefit plan administration

N/A
0 Ratings

7.5
75%
4 Ratings
Direct deposit files

N/A
0 Ratings

3.5
35%
20 Ratings
Salary revision and increment management

N/A
0 Ratings

7.7
77%
12 Ratings
Reimbursement management

N/A
0 Ratings

7.4
74%
8 Ratings
Customization

Clearbooks
Feature Set Not Supported
N/A

8.3
Wave Accounting
83%
Wave Accounting ranks higher in 2/2 features
Wave Accounting ranks higher in 2/2 features
API for custom integration

N/A
0 Ratings

9.7
97%
9 Ratings
Plug-ins

N/A
0 Ratings

7.0
70%
11 Ratings
Security

Clearbooks
Feature Set Not Supported
N/A

6.8
Wave Accounting
68%
Wave Accounting ranks higher in 2/2 features
Wave Accounting ranks higher in 2/2 features
Single sign-on capability

N/A
0 Ratings

7.4
74%
29 Ratings
Role-based user permissions

N/A
0 Ratings

6.2
62%
33 Ratings
Reporting & Analytics

Clearbooks
Feature Set Not Supported
N/A

6.5
Wave Accounting
65%
Wave Accounting ranks higher in 3/3 features
Wave Accounting ranks higher in 3/3 features
Dashboards

N/A
0 Ratings

5.8
58%
67 Ratings
Standard reports

N/A
0 Ratings

5.8
58%
66 Ratings
Custom reports

N/A
0 Ratings

8.1
81%
34 Ratings
Inventory Management

Clearbooks
Feature Set Not Supported
N/A

8.1
Wave Accounting
81%
Wave Accounting ranks higher in 4/4 features
Wave Accounting ranks higher in 4/4 features
Inventory tracking

N/A
0 Ratings

5.6
56%
8 Ratings
Automatic reordering

N/A
0 Ratings

9.9
99%
5 Ratings
Location management

N/A
0 Ratings

8.1
81%
2 Ratings
Manufacturing module

N/A
0 Ratings

9.0
90%
1 Rating
Order Management

Clearbooks
Feature Set Not Supported
N/A

7.2
Wave Accounting
72%
Wave Accounting ranks higher in 7/7 features
Wave Accounting ranks higher in 7/7 features
Pricing

N/A
0 Ratings

9.3
93%
26 Ratings
Order entry

N/A
0 Ratings

7.1
71%
17 Ratings
Credit card processing

N/A
0 Ratings

4.7
47%
45 Ratings
Cost of goods sold

N/A
0 Ratings

8.3
83%
32 Ratings
Order Orchestration

N/A
0 Ratings

5.8
58%
5 Ratings
End-to-end order visibility

N/A
0 Ratings

8.2
82%
4 Ratings
Order exception Resolution

N/A
0 Ratings

7.0
70%
2 Ratings
Attribute Ratings
- Clearbooks is rated higher in 1 area: Likelihood to Recommend
Likelihood to Recommend

7.0
Clearbooks
70%
1 Rating

5.2
Wave Accounting
52%
75 Ratings
Likelihood to Renew

Clearbooks
N/A
0 Ratings

7.8
Wave Accounting
78%
3 Ratings
Usability

Clearbooks
N/A
0 Ratings

6.5
Wave Accounting
65%
12 Ratings
Availability

Clearbooks
N/A
0 Ratings

6.3
Wave Accounting
63%
8 Ratings
Performance

Clearbooks
N/A
0 Ratings

2.9
Wave Accounting
29%
4 Ratings
Support Rating

Clearbooks
N/A
0 Ratings

5.2
Wave Accounting
52%
10 Ratings
Online Training

Clearbooks
N/A
0 Ratings

4.7
Wave Accounting
47%
3 Ratings
Product Scalability

Clearbooks
N/A
0 Ratings

3.0
Wave Accounting
30%
2 Ratings
Likelihood to Recommend
Clearbooks
Various
NumerousInvestment Management, 51-200 employees
Wave Accounting
Wave Accounting was used for a small practice without a lot of the accounting considerations a large company would have. For the price, you really can't beat what Wave offers out of the box. All of the basic tools for things like invoicing and expenses are all easy to use. End of year accounting is easy with exports of data.

Verified User
C-Level Executive in Marketing
Marketing & Advertising Company, 1-10 employeesPros
Clearbooks
- SaaS, so accessible by anyone, anywhere in the world via a browser
- Clear and straight forward navigation
- Good choice of management reports
Various
NumerousInvestment Management, 51-200 employees
Wave Accounting
- Reconciliation is very difficult with multiple Wave transactions that need to be deleted or merged before it can be matched to a bank transaction.
- Payroll worked fine for us but took several days to get it set up. We have switched to another bookkeeping system and another payroll system. Canceling with Wave took several days and they charge $6 for something even though the month was paid for in advance.
- Credit card processing is nice and worked fine for us.
Treasurer
Chamber of CoommerceComputer Networking, 1-10 employees
Cons
Clearbooks
- Like any SaaS product, Clearbooks is continuously evolving and being improved
- Some of the reports still need some work
Various
NumerousInvestment Management, 51-200 employees
Wave Accounting
- I know that credit card processing is a way for Wave to make money, but I really wish they offered ACH payment on Invoices.
- I do cash-based accounting, which means I have to make little journal entries at the start and end of each year to get my books to balance because Wave wants to do everything differently. This should just be a setting to flip, whether you want cash-based or accrual-based.
- They use Yodlee for bank connection, which doesn't play nice with 2FA. Pretty much every time I log in I have to re-enter credentials, get a code sent to me, reauthenticate, and know that I'm going to have to do it again next week. Not really on Wave, but wish they could get it together nonetheless.
Owner
EmberTribeMarketing and Advertising, 1-10 employees
Pricing Details
Clearbooks
General
Free Trial
—Free/Freemium Version
—Premium Consulting/Integration Services
—Entry-level set up fee?
No
Starting Price
—Wave Accounting
General
Free Trial
—Free/Freemium Version
—Premium Consulting/Integration Services
—Entry-level set up fee?
No
Starting Price
—Likelihood to Renew
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
President
AST Business Solutions Inc.Accounting, 1-10 employees
Usability
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 6.5
Based on 12 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Owner
Melissa Whaley Tax and BookkeepingAccounting, 1-10 employees
Reliability and Availability
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 6.3
Based on 8 answers
WAVE is always available when we need it ! Peter
Partner at Core Performance
CorelyticsAccounting, 1-10 employees
Performance
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 2.9
Based on 4 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Owner
Melissa Whaley Tax and BookkeepingAccounting, 1-10 employees
Support Rating
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 5.2
Based on 10 answers
I never had to call Wave Support as we barely experienced any support-related problems on our side. However, I do know a few people that complained about Wave support. It would be nice as well, though if they could have more in your face tutorials for new users or how-to videos should we struggle to do something

Verified User
Account Manager in Professional Services
Accounting Company, 51-200 employeesOnline Training
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Partner at Core Performance
CorelyticsAccounting, 1-10 employees
Alternatives Considered
Clearbooks
Clearbooks was chosen 5 years ago as our accountant recommended it. There is an element of inertia in moving accounts packages.
Various
NumerousInvestment Management, 51-200 employees
Wave Accounting
Wave is FREE for most functions. Payment processing costs no matter where you go (as does payroll or taxes). Wave rises above tools like QuickBooks Online because they know that for our small firm, being nimble is the name of the game. We don't need exhaustive reporting and management like QB offers and we certainly don't want to pay for it

Verified User
Consultant in Engineering
Mechanical or Industrial Engineering Company, 1-10 employeesScalability
Clearbooks
No score
No answers yet
No answers on this topic
Wave Accounting
Wave Accounting 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Account Manager
FileThis, Inc.Accounting, 1-10 employees
Return on Investment
Clearbooks
- I am not sure that ROI is an appropriate measure for an accounts package. The cost is around £250/year, which is a tiny fraction of the cost of a bookkeeper/finance controller/finance director/CFO.
Various
NumerousInvestment Management, 51-200 employees
Wave Accounting
- Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
- The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
- The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
Co-Founder
Solutions Through Innovative Technologies, Inc. (dba STI Technologies, Inc.)Performing Arts, 1-10 employees