SoloFI vs Bench
Detailed comparison to help you choose the right financial tool for your freelance business
Bench is bookkeeping; SoloFI is financial optimization
Bench solves the problem of 'I hate doing my books.' SoloFI solves the problem of 'Am I optimizing my freelance finances?' Most solopreneurs with simple businesses don't need $300/month bookkeeping—they need smart tools to make better financial decisions.
SoloFI
Financial independence for freelancers
Freeself-service with smart tools
Best for:
- Solopreneurs with straightforward finances
- Freelancers who want optimization, not just tracking
- Those focused on building wealth
- Self-employed pursuing FI
Key advantages:
- Free tax optimization calculators
- Net worth and FI tracking
- Retirement contribution optimization
- S-Corp analysis tools
- Quarterly tax estimation
- Wealth building focus, not just compliance
Bench
Professional bookkeeping for small businesses
$299/mostarting price
Best for:
- Businesses with complex transactions
- Those who hate bookkeeping
- Freelancers with high volume
- People who want professional financials
Limitations:
- Expensive for solopreneurs ($3,600+/year)
- Overkill for simple freelance businesses
- No tax optimization tools
- No FI or wealth planning
- No retirement contribution optimization
- Just bookkeeping, not strategy
Feature Comparison
| Feature | SoloFI | Bench |
|---|---|---|
Transaction Categorization | manual | done for you |
Bank Reconciliation | coming soon | |
Monthly Financial Statements | ||
Dedicated Bookkeeper | ||
Catch-up Bookkeeping | paid add-on | |
Tax-Ready Financials | ||
Net Worth Tracking | ||
FI Planning & Projections | ||
Quarterly Tax Estimates | ||
Solo 401k Calculator | ||
S-Corp Analysis | ||
HSA Optimization | ||
Tax Savings Identification Find deductions you're missing | ||
Roth Conversion Planning | ||
Human Support | ||
Price | Free | $299+/mo |
Choose SoloFI if you...
- Have straightforward freelance finances
- Can categorize your own transactions
- Want tax optimization, not just tracking
- Are focused on building wealth toward FI
- Don't want to spend $3,600+/year on bookkeeping
- Need retirement and S-Corp guidance
Choose Bench if you...
- Have complex business with many transactions
- Truly hate touching your finances
- Need professional financial statements
- Have budget for done-for-you service
- Want human bookkeeper you can call
- Time is worth more than $300/month to you