Wave offers free accounting, which sounds perfect. But "free" comes with complexity—invoicing, receipts, bill pay, payroll. If you just want to track profit, Wave feels overwhelming. ProfitClear does one thing simply.
| Wave | ProfitClear | |
|---|---|---|
| Price | Free (ads, paid features) | Free or $19-29/mo |
| Focus | Full accounting suite | Profit tracking only |
| Setup Complexity | Medium-high | 60 seconds |
| Invoicing | ✓ Full featured | ✗ Not included |
| Receipt Scanning | ✓ Built-in | ✗ Not included |
| Bill Pay | ✓ (paid add-on) | ✗ Not included |
| Payroll | ✓ (paid add-on) | ✗ Not included |
| Stripe Fee Tracking | Manual | ✓ Automatic |
| Gumroad Integration | ✗ | ✓ Native |
Wave is the right choice if you need:
Create and send invoices at no cost
Upload and categorize receipts automatically
Track vendor bills and payments
Free tier includes core accounting features
Wave is ad-supported to stay free
ProfitClear is the better choice if you:
Too many features you don't need
Customers pay via platforms, not invoices
No manual categorization needed
No ads, just your profit data
Simple profit tracking, nothing more
Native integrations with auto fee tracking
⏱️ Estimated setup time: 2-3 hours
⏱️ Estimated setup time: 60 seconds
⚡ 100x faster setup than Wave
Wave has dozens of features. Here's what you probably don't need if you're just tracking profit:
If customers pay via Stripe/PayPal
If you have minimal expenses
Accounting complexity you don't need
If you don't track vendor bills
Manual process for profit tracking
If you just want current profit
ProfitClear eliminates all this complexity. Just profit tracking, done right.
Link Stripe, PayPal, Gumroad
No manual math for platform fees
See current profit instantly
Add costs without accounting jargon
Get the profit insights you need without the accounting complexity. Start free, upgrade only if you want advanced features.
Get Started Free →No credit card required • 60 second setup • Clean, ad-free interface
Also compare: ProfitClear vs QuickBooks • ProfitClear vs FreshBooks