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Bonsai vs Wave: 2026 Comparison

Bonsai Wave
Overview An all-in-one business management platform for freelancers and agencies with proposals, contracts, invoicing, and accounting. A free accounting and invoicing software for small businesses and freelancers with optional paid payroll and payment processing.
Pricing Subscription ($21-$52/month) Freemium (Free (accounting) + paid add-ons)
Key Features
  • Proposals
  • Contracts
  • Invoicing
  • Accounting
  • Tax prep
  • Time tracking
  • Task management
  • Client CRM
  • Accounting
  • Invoicing
  • Receipt scanning
  • Bank connections
  • Financial reports
  • Payment processing
  • Payroll
  • Multi-currency
Pros
  • All-in-one for freelancers
  • Good contract templates
  • Tax estimation
  • Professional proposals
  • Completely free accounting
  • Good invoicing
  • Easy to use
  • Receipt scanning
Cons
  • Limited for larger businesses
  • Some features basic
  • Fewer integrations
  • US tax features only
  • Limited features
  • Payroll costs extra
  • Payment processing fees
  • No inventory management