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Calendars · head to head

Clockify vs Wave

Clockify logo

Clockify

Calendars

Free time tracker for teams

From
Free
Rated
-
Full reviewWebsite
Wave logo

Wave

Professional Services

Financial software for small businesses

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Clockify the free plan stops at 5 users; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • They diverge on capability: Clockify covers Timer & manual time entry, Wave covers Double-entry accounting.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Clockify and Wave actually diverge.

Attributes where Clockify and Wave differ
AttributeClockifyWave
PlatformsWeb, Windows, Macos, Linux, Ios, Android, Browser-extensionWeb, Ios, Android
CategoryCalendarsProfessional Services
Founded20172010

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Clockify

  • Timer & manual time entry
  • Timesheets
  • Calendar view
  • Projects & tasks
  • Reports & analytics
  • Team dashboard
  • Kiosk mode
  • Offline mode

Only in Wave

  • Double-entry accounting
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Bank reconciliation
  • Receipt scanning
  • Multi-currency
  • Sales tax tracking

What people use each for

The jobs each tool is most often brought in to do.

Clockify

  • Employee time trackingnot Wave
  • Project time budgetsnot Wave
  • Client billingnot Wave
  • Productivity analysisnot Wave
  • Payroll calculationnot Wave

Wave

  • Invoicing and bookkeeping for very small businesses and freelancersnot Clockify
  • Accepting card payments against issued invoicesnot Clockify

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Clockify

  • The free plan stops at 5 users
  • Free accounts are throttled to 30 API requests per hour and 3 webhooks
  • Reporting on the free plan only covers a 1 month range
  • Invoicing needs Standard at $5.49 per seat per month and GPS tracking needs Pro at $7.99
  • SSO, SCIM provisioning, a custom subdomain and the audit log are Enterprise only at $11.99 per seat per month

Wave

  • Automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • The free plan pays a $0.60 per transaction fee on card payments on top of 2.9%, which Pro waives only for the first 10 transactions a month
  • Beyond 10 transactions a month the Pro plan pays the same per transaction fee as the free one
  • Amex is charged at 3.4% rather than 2.9% on both plans

Pricing, plan by plan

Clockify

Free
  • FreeFree
    • Unlimited time tracking
    • Up to 5 users
    • Timer, timesheet, auto-tracker, calendar
  • Basic$4.99/month
    • All Free features
    • Kiosk access, bulk editing, project templates
    • Time import/export
  • Standard$6.99/month
    • All Basic features
    • Invoicing, time-off management, approvals
    • QuickBooks integration, overtime tracking
  • Pro$9.99/month
    • All Standard features
    • Scheduling, forecasting, expenses, GPS tracking
    • Custom fields, labor cost analysis, budgeting

Wave

Free
  • AccountingFree
    • Unlimited invoicing
    • Expense tracking
    • Financial reports
  • Payments$undefined/transaction
    • 2.9% + $0.60 per transaction
    • Credit card processing
    • Bank payments (1%)
  • Payroll$35/month
    • $35/month base + $6/employee
    • Tax calculations
    • Direct deposit

Which should you pick?

Choose Clockify if

  • You need timer & manual time entry.
  • You want to start without paying.
  • You work on Web, Windows, Macos, Linux, Ios, Android, Browser-extension.
  • You also want timesheets.
Clockify review

Choose Wave if

  • You need double-entry accounting.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want invoicing.
Wave review

Questions people ask

Is Clockify or Wave better?
Neither clearly leads. Clockify starts at Free and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Clockify or Wave?
Clockify starts at Free and Wave at Free.
Does Clockify or Wave run on more platforms?
Clockify runs on Web, Windows, Macos, Linux, Ios, Android, Browser-extension. Wave runs on Web, Ios, Android.
Can I use Clockify for free?
Both have a free tier, so you can try either at no cost before committing.
What is Clockify best used for?
Clockify is most often used for employee time tracking, project time budgets, client billing, productivity analysis. Of those, employee time tracking and project time budgets are not what Wave is typically brought in for.
What can Clockify do that Wave cannot?
Clockify covers Timer & manual time entry, Timesheets, Calendar view, Projects & tasks. Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting.

Answered from the vendors’ own pages

Clockify: How much does Clockify cost?

Clockify Free is free for up to 5 users with unlimited time tracking. Paid plans per-seat per-month are Basic $4.99, Standard $6.99, Pro $9.99, and Enterprise $14.99 (monthly). Annual billing offers 20% discount.

Source
Wave: Can I try Wave before committing to a paid plan?

Sign up for the Starter Plan to take the bookkeeping and invoicing basics for a spin. Then, whenever you're ready, upgrade to the Pro Plan to unlock even more money management features.

Source
Clockify: Can I use Clockify for free?

Yes, Clockify Free offers unlimited time tracking, timer, timesheet, auto-tracker, calendar, and reports for up to 5 users.

Source
Wave: What happens if I want to cancel my subscription?

Yes, you can unsubscribe at any time. The cancellation of your subscription will take effect at the end of the billing period in which you cancel.

Source
Clockify: How much savings do I get with annual billing?

Annual billing saves 20% versus monthly. For example, Basic is $3.99/seat annually ($47.88/year) versus $4.99/seat monthly ($59.88/year).

Source
Wave: Can I upgrade or downgrade my plan easily?

To upgrade to the Pro Plan, sign into Wave. Visit your dashboard or use your invoicing or accounting features, and click the 'Upgrade now' button.

Source
Clockify: What is the most expensive Clockify plan?

Enterprise plan is $14.99/seat/month (monthly) or $11.99/seat/month (annual) and includes SSO, custom subdomain, SCIM provisioning, audit logs, and account controls.

Source
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