Bonsai is a freelance business management suite that helps you create and send proposals online, manage projects, and more. It also has a built-in accounting system that features invoicing, expense tracking, time tracking, and task management. Prices start at $19 per month, and it’s best for freelancers and agencies that need contract writing features and tax preparation assistance.
Bonsai Pros and Cons
Sleek and user-friendly interface
Contract templates have limited customization options
Excellent time tracking feature
Doesn’t integrate with a lot of software
Offers a free trial
Who Bonsai Is Best For
- Freelancers of all trades: Bonsai caters to self-employed business owners/freelancers, regardless of their trades, to write proposals and contracts, track time, send invoices, keep track of their contacts, and more.
- Agencies that need contract writing features and tax preparation assistance: Agencies that need to create and e-sign contracts with clients and easily generate 1099 forms may benefit from Bonsai.
Bonsai offers two plans with fees that start at $19 per month. The main differences between the two are the advanced features included, such as subcontracting (client mode), customization and branding, and client forms.
Pricing & Features
Monthly Fee ($/Month)
Yearly Fee ($/Year)
Unlimited Clients and Projects
Invoicing and Payments
Customization and Branding
Bonsai also offers add-ons, including accounting and tax assistant ($100 per year), partners ($90 per year), and collaborators (free).
The Workflow plan includes the following: unlimited clients and projects, proposal and contract management, invoicing and payments, project management, task and time tracking, customer relationship management (CRM), and iOS, Android, Chrome, and Mac Apps.
Workflow Plus Plan
Workflow Plus includes everything that is in Workflow, with the addition of subcontracting (client-mode), customization and branding, and client forms.
Bonsai Alternatives 2020
|Top Accounting Software for Freelancers||Best For|
(Best overall) Freelancers that need an accounting software that tracks all income and expenses
Freelancers looking for a robust invoicing software with features that streamline the payment process
Freelance companies with a team of employees or looking to begin hiring employees
Solo freelancers with no accounting experience looking to gain insights from business intelligence features
Freelancers using Zoho apps who want easy accounting software integration
Freelancers looking for accounting software they can use for free
In addition to industry-specific software, your business might be well served by general-purpose small business accounting software.
You may want to try out Bonsai’s features by signing up for its 14-day free trial. It has a clean dashboard that gives you instant access to helpful features that let you draft a proposal, create a contract, start a new timer, and send an invoice, track expenses, and manage accounting. Here’s how its dashboard looks like:
Here’s a list of its top features to help you decide whether or not Bonsai is for you.
Bonsai has easy-to-use financial tools, such as reporting, tax reminders, and a profit tracker. You can keep an eye on your income for different times of the year and generate quarterly and annual reports with estimates and due dates. Its accounting system provides you with a single platform to manage and control your finances.
Its invoicing system has helpful features, such as attachment-locking, partial payments, and tipping to help you get paid easily. You may choose from a huge range of global payment options, including PayPal, automated clearing house (ACH), and credit cards.
Connect your bank account to Bonsai, and it will categorize your expenses automatically, ready for the tax season.
Bonsai provides flexible proposal templates that you can customize based on your brand. You may create, send, and monitor proposals online with electronic approvals. You may also add single or multiple service packages, project details, and payment options to your proposals.
Its all-in-one time tracker is particularly designed for creating contracts and invoicing clients. You may set an hourly rate per project, and the software will invoice your timesheet automatically. You and your collaborators will also see how many hours still need to be billed instantly.
Most Helpful Bonsai Reviews
Users who gave positive Bonsai reviews like that it is simple and easy to use. Some commended its excellent time tracking feature, while others like that it offers a free trial. Meanwhile, those who left negative reviews said that its contract templates are not that customizable and that it doesn’t integrate with a lot of software.
Simple and easy to use; free trial available
One user who left a positive review of Bonsai on G2 commented that it’s perfect for newbie freelancers who are not familiar with invoicing and proposals. He added that the availability of a free trial is a big plus.
Contract templates have limited customization options
One user who shared his feedback about Bonsai on G2 said that he can’t customize its contract templates. He even compared Bonsai to Dubsado, explaining that the latter builds more customized forms and workflows.
Bonsai Frequently Asked Questions (FAQs)
Can my clients see my unbilled time entries?
No, they can’t. Unless you attach your unbilled time entries to your invoice, your clients won’t be able to see them. On their end, they can only see their list of timesheets that you have billed on invoices.
Is it possible to add multiple clients to a project?
No, it isn’t. You can only assign one client to each project, and conversely, each client can only have one contract, proposal, and invoice.
Does it generate 1099 forms?
No, it doesn’t. However, it provides a downloadable comma-separated values (CSV) file version of payments, which can help in generating 1099 forms.
Our Top Freelance Accounting Software Providers
In case you still aren’t sure if Bonsai is right for you, then this article on the best freelance accounting software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on cost, ease of use, customer reviews, and key features, such as general accounting, time tracking, and recurring invoices.