SoloFI vs Bonsai
Detailed comparison to help you choose the right financial tool for your freelance business
Bonsai runs your business; SoloFI builds your wealth
Bonsai excels at the operational side of freelancing—contracts, invoices, client management. SoloFI excels at the financial optimization side—taxes, retirement, wealth building. Many freelancers benefit from using both.
SoloFI
Financial independence for freelancers
Freefocused on financial optimization
Best for:
- Freelancers focused on tax optimization
- Those building toward financial independence
- Self-employed wanting retirement guidance
- Solopreneurs tracking net worth
Key advantages:
- Deep tax optimization tools
- Solo 401k and SEP IRA calculators
- S-Corp decision analysis
- Net worth and FI tracking
- Quarterly tax estimation
- Free to use
Bonsai
All-in-one freelance management
$21/moWorkflow plan, up to $79/mo
Best for:
- Freelancers needing contracts and proposals
- Those wanting all-in-one client management
- Designers, developers, consultants
- Freelancers who invoice clients regularly
Limitations:
- Tax features are basic
- No retirement optimization tools
- No S-Corp analysis
- No FI planning features
- Net worth tracking absent
- Focused on operations, not wealth building
Feature Comparison
| Feature | SoloFI | Bonsai |
|---|---|---|
Contract Templates | ||
Proposal Builder | ||
Invoicing | ||
Time Tracking | ||
Client CRM | ||
Expense Tracking | ||
Basic Tax Estimates | ||
1099 Tracking | ||
Net Worth Tracking | ||
FI Calculator | ||
Solo 401k Optimizer | ||
SEP IRA Calculator | ||
S-Corp Analysis | ||
HSA Optimization | ||
Roth Conversion Planning | ||
QBI Deduction Calculator | ||
Tax Filing | Bonsai Tax ($10/mo) | |
Price | Free | $21-79/mo |
Choose SoloFI if you...
- Already have invoicing/contract tools (or don't need them)
- Want deep tax optimization features
- Are focused on retirement contributions
- Considering S-Corp election
- Tracking net worth and FI progress
- Want financial tools without monthly fees
Choose Bonsai if you...
- Need contracts and proposal templates
- Want all-in-one client management
- Need built-in invoicing
- Want time tracking for projects
- Prefer single platform for operations
- Don't mind paying for convenience