Wave Accounting vs Bonsai
Comparing two industry leaders in accounting. See how pricing, features, and user ratings stack up.
Wave Accounting
FreemiumFree invoicing and accounting software built specifically for sole proprietors and micro-businesses.
Core Features
Bonsai
PaidAll-in-one financial and project management tool designed for agencies and freelancers.
Core Features
Feature Breakdown: Wave Accounting vs Bonsai
See which capabilities are supported out of the box by each platform.
| Feature / Capability | Wave Accounting | Bonsai |
|---|---|---|
| Free Invoicing | ✓ Included | — |
| Income Tracking | ✓ Included | — |
| Bank Connections | ✓ Included | — |
| Credit Card Processing | ✓ Included | — |
| Time Tracking | — | ✓ Included |
| Invoicing & Payments | — | ✓ Included |
| Client CRM | — | ✓ Included |
| Tax Tracking | — | ✓ Included |
Our Verdict: Which One Should You Pick?
Choose Wave Accounting if:
You need Free Invoicing and Income Tracking, and prefer a freemium model starting at $0/month. With a 4.4 rating, it is ideal for teams focused on speed and simplicity.
Choose Bonsai if:
You prioritize Time Tracking and Invoicing & Payments, and want a solution rated at 4.6/5.0. Its starting tier at $21/month makes it a top competitor for scaling workflows.
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Read comparison →Frequently Asked Questions
Which is better: Wave Accounting or Bonsai?
Wave Accounting is rated 4.4/5.0 (starts at $0/mo), while Bonsai is rated 4.6/5.0 (starts at $21/mo). Choose Wave Accounting for Free Invoicing and Income Tracking, or Bonsai for Time Tracking and Invoicing & Payments.
Is Wave Accounting cheaper than Bonsai?
Yes, Wave Accounting starts at $0/month, which is lower than Bonsai ($21/month).
Do Wave Accounting or Bonsai offer free plans?
Wave Accounting offers a freemium plan, whereas Bonsai operates on a paid tier. Review the side-by-side feature matrix above to see exact tier inclusions.