Wave vs Clear Books Comparison

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Wave

Accounting Software

4.1 1,834 user ratings

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89% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Clear Books

Accounting Software

4.4 341 user ratings

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Overview

Description	An accounting software meant to provide various accounting services to small scale businesses with professional expertise and quality. Wave provides services like Invoicing, Accounting and Receipt scanning without charging a penny to its clients, whereas, features like Payments, Payroll and all the other features that a company might be looking for in an online accounting software are provided at very affordable price. If used efficiently, it can help a company save a lot of money on its accounting activities. This is a very good option for any small business looking for an online solution to handle accounts. Read more	Clear Books is an advanced online accounting software that helps Uk based small businesses control and manage their essential finances with more visibility. Used by freelancers, contractors, sole traders and small businesses alike, the software helps with invoicing, purchase tracking and financial reporting in no time. It can create and forward professionally customized invoices to customers directly. Also, Clear Books adds more clarity by providing a complete record of ready-to-review business purchases and employee wise expenses. Allocation of bank transactions to invoices and bills enables the organizations to keep track of the unpaid bills. Also, features like searching, sorting, listing and collating invoices offered by the same turns out to be of great help while looking out for customers and suppliers. Automatic reports and Digital VAT return facilities offered by Clear Books helps companies make informed decisions and proceed with submissions to the HMRC as per convenience. Finally, admins can take control of the vital business-specific information stored within the software by streamlining role-based access rights. Read more
Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Available
SW Score & Breakdown	94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 84% Momentum 68% Popularity 91%	89% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 93% Reviews 85% Momentum 65% Popularity 82%
SaaSworthy Awards	# 7 Fastest Growing # 4 Most Popular	# 19 Fastest Growing # 11 Most Popular

Features

Total Features	18 Features	13 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 15 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 10 More - Show Less

Technical Details

Organization Types Supported	Freelancers Small Business	Freelancers Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	Business Hours Online	Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.1/5 1,834 user ratings	4.4/5 341 user ratings
Rating Distribution	Excellent 49.3% Very Good 34.1% Average 5.3% Poor 2.5% Terrible 8.8%	Excellent 70.1% Very Good 12.9% Average 9.4% Poor 3.8% Terrible 3.8%
User Sentiments	Ease of Use, Free Accounting Software, Professional Invoicing, Automated Recurring Invoices Unreliable Payment Processing, Poor Customer Support, Inadequate Bank Synchronization, Limited Mobile App Functionality	Easy to Use, Excellent Customer Support, Comprehensive Reporting, Seamless HMRC Integration Confusing Navigation and Taxonomy, Limited Bulk Edit Functionality, Occasional UI Clunkiness , Price Increases Despite Limited Feature Usage
Review Summary	Wave Apps receives overwhelmingly negative reviews, particularly regarding its customer service and payment processing. Users complain of difficulties accessing funds, unreliable bank connections, and a lack of responsiveness from support. The free accounting software is lauded for its simplicity and basic functionality, but many users find the platform lacking in advanced features and have ultimately switched to paid software like QuickBooks.	Overall, ClearBooks is a popular accounting software among small businesses and freelancers due to its user-friendly interface, strong invoicing capabilities, and comprehensive reporting features. Praised for its simplicity, intuitive design, and excellent customer support, ClearBooks empowers users with efficient bookkeeping and tax management. However, it may fall short for complex accounting needs or businesses requiring advanced features like inventory tracking or project management. While its pricing is generally considered affordable, some users have reported occasional glitches and limited customizability as areas for improvement.
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Pricing

Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Available
Pricing Plans Monthly Plans Annual Plans	Starter Plan Free PRO Plan $14.16 $16.00 per month	Small Others Medium Others Large Others
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