Clear Books vs Wave Accounting: which fits your firm?
Wave Accounting publishes a free plan while Clear Books quotes pricing on request; both list solo and small firms.
Prices and details verified May 25, 2026 for Clear Books and August 15, 2026 for Wave Accounting. Both records sit in Core ledger and bookkeeping and are compared on vendor-published specifications, the same way across every tool.
Clear Books vs Wave Accounting side by side
7 of 13 dimensions differ. Rows marked "Differs" are where the two records do not match.
| Dimension | Clear Books | Wave Accounting |
|---|---|---|
| Entry priceDiffers | Quoted on request | Free plan |
| Pricing modelDiffers | Flat rate | Free |
| Free trialDiffers | Yes | Not listed |
| Free plan | Yes | Yes |
| Firm size fit | Solo, Small | Solo, Small |
| Built forDiffers | Firms and their clients | Small businesses |
| Specialisation | Bookkeeping | Bookkeeping |
| Automation profile | High volume, routine work | High volume, routine work |
| Deployment | Cloud, Mobile | Cloud, Mobile |
| Geo availabilityDiffers | UK | US, Canada |
| Integrations listedDiffersBoth list: PayPal, Stripe. | 7 listed | 3 listed |
| Certifications | Not published | Not published |
| Support channelsDiffers | Phone, Chat, Email, Knowledge base, Community forum | Email, Chat, Phone, Knowledge base |
Which one fits your firm
Choose Clear Books if
- UK sole traders, landlords, and small limited companies that need HMRC-recognized MTD filing.
- Small UK practices wanting affordable accounting software with VAT, payroll, and CIS built in.
- Businesses that want a free MTD filing tier before moving to a paid plan.
Think twice about Clear Books if
- Firms outside the UK. Clear Books is built around HMRC and UK VAT rules only.
- Mid-market or multi-entity groups needing consolidation. Clear Books targets small UK businesses.
- Teams wanting USD pricing. Clear Books is priced in GBP for the UK market.
Choose Wave Accounting if
- Solo traders, freelancers, and micro-businesses that want permanently free bookkeeping with double-entry rigor.
- Accountants that add Wave as a collaborator on micro-client books at no extra license fee.
- US or Canadian clients that want optional managed bookkeeping. Wave Advisors starts at $149 per month.
Think twice about Wave Accounting if
- Firms with mid-market clients. Wave's reporting depth is not built for complex finance functions.
- Practices outside the US or Canada. Wave operates in those two markets only.
- Clients that need NetSuite, Sage Intacct, or QuickBooks-grade integration. Wave's connector list is small.
What each one does
About Clear Books
Clear Books is online accounting software for UK sole traders, landlords, and small businesses. It handles invoicing, bank feeds, VAT, payroll, and the Construction Industry Scheme, files Making Tax Digital returns to HMRC, and offers a free tier for basic MTD filing. It is built specifically around UK tax rules rather than as a global tool.
Best for UK sole traders and small businesses that need affordable, HMRC-recognized accounting with MTD, VAT, payroll, and CIS.
About Wave Accounting
Wave Accounting is a permanently free bookkeeping, invoicing, and financial reporting platform for small businesses. A paid Pro plan adds automatic bank imports, and an optional managed bookkeeping service is available for clients who want hands-on support.
Best for solo traders, freelancers, and US or Canadian micro-businesses that want permanently free double-entry bookkeeping.
Wave Accounting profileWave Accounting pricing and plansWave Accounting vendor site
Frequently asked questions
- Which is cheaper, Clear Books or Wave Accounting?
- Wave Accounting publishes a free plan. Clear Books quotes pricing on request and publishes no figure, so the two cannot be compared on published prices alone.
- Do Clear Books and Wave Accounting both offer a free trial?
- Clear Books lists a free trial. Wave Accounting does not. Both publish a permanently free plan.
- Which one integrates with QuickBooks and Xero, Clear Books or Wave Accounting?
- Neither published integration list names QuickBooks or Xero. Both lists do share PayPal and Stripe. Check the vendor pages for anything added since these records were last checked.
- Which suits a smaller firm, Clear Books or Wave Accounting?
- Both records list the same firm sizes: solo and small. The split comes from the rest of the record, including deployment, specialisation and the integrations each vendor lists.