What users are saying about
1 Rating
155 Ratings
1 Rating
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Score 7 out of 100
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

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

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

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

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

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

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

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

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

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

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

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.
Jeanne Harris | TrustRadius Reviewer

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
Melissa Whaley | TrustRadius Reviewer

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
Peter Cullen | TrustRadius Reviewer

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.
Melissa Whaley | TrustRadius Reviewer

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
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

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