What users are saying about
1 Rating
Top Rated
134 Ratings
1 Rating
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Score 7 out of 100
Top Rated
134 Ratings
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Score 7.3 out of 100

Likelihood to Recommend

Clearbooks

Larger companies, multi-currency. Clearbooks is in a competitive environment with Xero, SageOne, FreeAgent, Intuit etc., etc.
Peter Cowley | TrustRadius Reviewer

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.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

General Ledger and Configurable Accounting

Clearbooks
5.0
Wave Accounting
7.1
Accounts payable
Clearbooks
5.0
Wave Accounting
7.2
Accounts receivable
Clearbooks
5.0
Wave Accounting
7.6
Cash management
Clearbooks
5.0
Wave Accounting
7.2
Bank reconciliation
Clearbooks
5.0
Wave Accounting
6.6
Expense management
Clearbooks
5.0
Wave Accounting
7.6
Fixed asset management
Clearbooks
5.0
Wave Accounting
8.4
Time tracking
Clearbooks
Wave Accounting
5.4
Multi-currency support
Clearbooks
Wave Accounting
6.9
Multi-division support
Clearbooks
Wave Accounting
7.1
Regulations compliance
Clearbooks
Wave Accounting
6.8
Electronic tax filing
Clearbooks
Wave Accounting
6.4
Self-service portal
Clearbooks
Wave Accounting
6.2
Global Financial Support
Clearbooks
Wave Accounting
9.0
Primary and Secondary Ledgers
Clearbooks
Wave Accounting
9.0
Intercompany Accounting
Clearbooks
Wave Accounting
8.0
Localizations
Clearbooks
Wave Accounting
5.3
Journals and Reconciliations
Clearbooks
Wave Accounting
6.6
Enterprise Accounting
Clearbooks
Wave Accounting
5.2
Configurable Accounting
Clearbooks
Wave Accounting
6.1
Centralized Rules Framework
Clearbooks
Wave Accounting
8.1
Standardized Processes
Clearbooks
Wave Accounting
7.5

Payroll Management

Clearbooks
Wave Accounting
7.8
Pay calculation
Clearbooks
Wave Accounting
8.0
Benefit plan administration
Clearbooks
Wave Accounting
7.5
Direct deposit files
Clearbooks
Wave Accounting
8.3
Salary revision and increment management
Clearbooks
Wave Accounting
7.6
Reimbursement management
Clearbooks
Wave Accounting
7.6

Customization

Clearbooks
Wave Accounting
7.7
API for custom integration
Clearbooks
Wave Accounting
8.3
Plug-ins
Clearbooks
Wave Accounting
7.1

Security

Clearbooks
Wave Accounting
8.6
Single sign-on capability
Clearbooks
Wave Accounting
8.2
Role-based user permissions
Clearbooks
Wave Accounting
9.1

Reporting & Analytics

Clearbooks
Wave Accounting
7.9
Dashboards
Clearbooks
Wave Accounting
7.7
Standard reports
Clearbooks
Wave Accounting
7.8
Custom reports
Clearbooks
Wave Accounting
8.3

Inventory Management

Clearbooks
Wave Accounting
8.1
Inventory tracking
Clearbooks
Wave Accounting
5.5
Automatic reordering
Clearbooks
Wave Accounting
9.9
Location management
Clearbooks
Wave Accounting
8.1
Manufacturing module
Clearbooks
Wave Accounting
9.0

Order Management

Clearbooks
Wave Accounting
7.5
Pricing
Clearbooks
Wave Accounting
7.8
Order entry
Clearbooks
Wave Accounting
7.6
Credit card processing
Clearbooks
Wave Accounting
7.7
Cost of goods sold
Clearbooks
Wave Accounting
7.6
Order Orchestration
Clearbooks
Wave Accounting
6.2
End-to-end order visibility
Clearbooks
Wave Accounting
8.5
Order exception Resolution
Clearbooks
Wave Accounting
7.1

Pros

Clearbooks

  • SaaS, so accessible by anyone, anywhere in the world via a browser
  • Clear and straight forward navigation
  • Good choice of management reports
Peter Cowley | TrustRadius Reviewer

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.
Harry Abell | TrustRadius Reviewer

Cons

Clearbooks

  • Like any SaaS product, Clearbooks is continuously evolving and being improved
  • Some of the reports still need some work
Peter Cowley | TrustRadius Reviewer

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.
J.P. VanderLinden | TrustRadius Reviewer

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.
Jeanne Harris | TrustRadius Reviewer

Usability

Clearbooks

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 5.8
Based on 9 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
Melissa Whaley | TrustRadius Reviewer

Reliability and Availability

Clearbooks

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

Clearbooks

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 2.9
Based on 2 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.
Melissa Whaley | TrustRadius Reviewer

Support Rating

Clearbooks

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 6.2
Based on 7 answers
I've only had to reach out to support once and they were quick to respond and offered valuable insight to resolve my issue quickly. The team is knowledgeable and if the person you're dealing with doesn't have an answer for you, they get back to you quickly with an answer. It was clear that the support team is genuinely concerned about users making the most of the software.
Anonymous | TrustRadius Reviewer

Online 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
Peter Cullen | TrustRadius Reviewer

Alternatives Considered

Clearbooks

Clearbooks was chosen 5 years ago as our accountant recommended it. There is an element of inertia in moving accounts packages.
Peter Cowley | TrustRadius Reviewer

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
Anonymous | TrustRadius Reviewer

Scalability

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?
Penny Breslin | TrustRadius Reviewer

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.
Peter Cowley | TrustRadius Reviewer

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.
Lukas Sundahl, MBA | TrustRadius Reviewer

Pricing Details

Clearbooks

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Wave Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Clearbooks
7.0
Wave Accounting
7.0

Likelihood to Renew

Clearbooks
Wave Accounting
7.8

Usability

Clearbooks
Wave Accounting
5.8

Reliability and Availability

Clearbooks
Wave Accounting
6.7

Performance

Clearbooks
Wave Accounting
2.9

Support Rating

Clearbooks
Wave Accounting
6.2

Online Training

Clearbooks
Wave Accounting
4.7

Scalability

Clearbooks
Wave Accounting
3.0

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