Updated March 2026 · Independent Analysis
WavevsBonsai
Wave starts at $16/mo, 36% cheaper than Bonsai's $25/mo. Wave is rated higher at 4.4/5 vs Bonsai's 4.3/5.
Wavevs Bonsai
★ 4.4/5+0.1 vs Bonsai
Only in Wave
- ✦ Accounting
- ✦ Receipt Scanning
- ✦ Bank Connections
✓ Free planFrom $16/mo(cheaper)2M+ small businesses users · est. 2010
Try Wave Free →
Bonsaivs Wave
★ 4.3/5-0.1 vs Wave
Only in Bonsai
- ✦ Contracts & Proposals
- ✦ Accounting & Tax
- ✦ Time Tracking
From $25/mo(pricier)500K+ freelancers users · est. 2016
Try Bonsai Free →Ratings Breakdown
Wave
4.4/5 avg
G2 Score4.4/5
Capterra Score4.4/5
G2 Rating4.4/5
Bonsai
4.3/5 avg
G2 Score4.3/5
Capterra Score4.5/5
G2 Rating4.3/5
Quick Stats
Feature Comparison
Wave uniquely offers Accounting, Receipt Scanning, Bank Connections. Bonsai uniquely offers Contracts & Proposals, Accounting & Tax, Time Tracking. Both share 2 features including Invoicing, Mobile App.
Feature
Wave
Bonsai
Invoicing
✓
✓
Mobile App
✓
✓
Accounting
✓
✗
Receipt Scanning
✓
✗
Bank Connections
✓
✗
Financial Reports
✓
✗
Payroll
✓
✗
Online Payments
✓
✗
Multi-currency
✓
✗
Sales Tax Tracking
✓
✗
Recurring Invoicing
✓
✗
Customer Management
✓
✗
Estimates
✓
✗
Dashboard
✓
✗
Integrations
✓
✗
Contracts & Proposals
✗
✓
Accounting & Tax
✗
✓
Time Tracking
✗
✓
Expense Tracking
✗
✓
Client Portal
✗
✓
Forms & Questionnaires
✗
✓
Task Management
✗
✓
Scheduling
✗
✓
CRM
✗
✓
Automations
✗
✓
Payment Processing
✗
✓
Tax Preparation
✗
✓
Reports
✗
✓
Total Features
15
15
Quick Verdict
Independent analysis based on features, pricing, and user ratings
Choose Wave if you need:
- ✓ Accounting
- ✓ Receipt Scanning
- ✓ Bank Connections
- ✓ Financial Reports
- ✓ Payroll
Choose Bonsai if you need:
- ✓ Contracts & Proposals
- ✓ Accounting & Tax
- ✓ Time Tracking
- ✓ Expense Tracking
- ✓ Client Portal
Pricing Comparison
Wave starts at $16/mo, 36% cheaper than Bonsai's $25/mo.
Wave Plans
Free tier available
Free (Accounting)
Free- • Accounting
- • Invoicing
- • Receipt scanning
Pro (Accounting)Best Value
$16/mo- • Bank connections
- • Receipt scanning
Payroll
$20/mo base- • + $6/employee
- • Tax-filing states
Advisors
$149/mo- • 1-on-1 coaching
- • Bookkeeping support
Bonsai Plans
Paid plans only
StarterBest Value
$25/mo- • Unlimited clients
- • Invoicing
- • Contracts
Professional
$39/mo- • Custom branding
- • Forms & questionnaires
Business
$79/mo- • Subcontracting
- • Hiring workflow
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❓ Frequently Asked Questions
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