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ClearBooks vs Wave: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better ClearBooks or Wave?

We compare them based on real user reviews, prices and what features they both offer.

ClearBooks homepageWave homepage
 

ClearBooks vs Wave Basics

ClearBooksWave
Software WebsiteClearBooks WebsiteWave Website
HMRC MTD StatusNot IncludedNot Included
Who Can Use It?Businesses and AccountantsBusinesses and Self-employed
HMRC Listed FeaturesRecord keeping, income and invoices, expenses and receipts, taxNone
PlatformsWeb-based application, iPhone, iPad, AndroidWeb-based application, Android, iOS
Note data for this section comes from HMRC here and here

ClearBooks vs Wave Reviews

Wondering if ClearBooks or Wave has better user reviews. We compared them below.

ClearBooksWave
Trustpilot Rating4.11.6
Number of Trustpilot Reviews252126
iPhone App Rating3.54.5
Number of iPhone Reviews105700
Android App Rating3.34.7
Number of Android Reviews1423000
Please note ratings we’re accurate at the time of writing but may have since changed

ClearBooks vs Wave Prices

Which is cheaper ClearBooks or Wave? Here are their prices compared.

ClearBooks pricingWave pricing

Free Plans & Trials

ClearBooksWave
Free Plan?NoYes
Free Trial?YesYes
Free Trial Length?30 Days30 days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

ClearBooksWave
Cheapest Plan Cost Per Month£13.00£0.00
Mid-Tier Plan Cost Per Month£28.00NA
Top Plan Cost Per Month£34.00NA
Data taken from each company’s website at the time of writing but may have since changed.

ClearBooks vs Wave Features

ClearBooks featuresWave features

ClearBooks Basic Features

  • Invoice/quote creator
  • Bill & receipt tracking
  • Bank feeds and uploads
  • Reports (e.g. P&L)
  • Dividends tool

ClearBooks Software Integrations

  • Stripe
  • Revolut
  • Dext
  • Metro Bank
  • Plaid
  • XE

Wave Basic Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

Wave Software Integrations

  • Zapier

Common Feature Comparison

ClearBooksWave
Payroll Software IntegrationYesYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesNoYes
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesYesYes
Employee Time TrackingNoNo
ProjectsYesNo
Bank Feed IntegrationYesYes
End of Year FilingsNoYes
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsNoNo

ClearBooksWave
Pros
  • Customer Service
  • Meets Business Needs
  • User Friendly
  • User Interface
  • User Friendly
  • Meets Business Needs
  • Pricing
  • User Interface
  • One Stop Shop
Cons
  • Expensive
  • Customer Service
  • Expensive
  • Not User Friendly
  • Takes Time
  • Learning Curve

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