The fair version — what each is great at, and where an all-in-one wins.
FreshBooks
No free tier
Accounting & invoicing for freelancers
Lite $23/mo; Plus $43/mo; each plan includes 1 user, extra members +$11/mo each
Free: No free plan — 30-day trial only
Genuinely great at
- Polished invoicing, proposals, and client retainers
- Real double-entry accounting and reports
- Great mobile app and highly rated support
Where Log My Business wins
- No billable-client caps (FreshBooks: 5 on Lite, 50 on Plus)
- $7.99/user unlimited vs $23 rising to $43 for a single user
- Time, mileage, tasks, CRM, and whiteboards included
- Import billable time onto an invoice, natively
QuickBooks Online
No free tier
The accounting standard
Solopreneur $20; Simple Start $38; Plus $115/mo; no free tier (July 2026)
Free: None — 30-day trial only
Genuinely great at
- Deepest accounting: general ledger, bank reconciliation, inventory, payroll
- Huge accountant ecosystem and app marketplace
- Mature, audited reporting trusted by lenders
Where Log My Business wins
- Invoicing that just works, without an accounting learning curve
- No 1→3→5-user tier jumps; unlimited seats on Pro
- Projects, time, mileage, and CRM built in
- A fraction of QuickBooks Plus at $115/mo
Wave
Free tier
Free invoicing & accounting
Free Starter; Pro $19/mo (bank feeds, receipt scanning, branding)
Free: Genuinely free: unlimited invoices, estimates, and basic bookkeeping
Genuinely great at
- Truly free unlimited invoices plus basic bookkeeping
- Simple and approachable for solopreneurs
- Built-in payment acceptance and optional payroll
Where Log My Business wins
- Branding and automated reminders are free — Wave gates them to Pro
- Invoicing plus tasks, time, mileage, and CRM in one
- Import billable time/mileage/expenses onto invoices
- Grows into a team platform, not just books
Bonsai
No free tier
All-in-one for freelancers & agencies
Basic $9/user (no invoicing); Essentials $19/user (invoicing starts here); Premium $29/user (annual)
Free: No free plan — 7-day trial only
Genuinely great at
- Closest all-in-one: proposals, contracts, e-sign, and invoicing
- Legally-vetted contract and proposal templates
- Clean, freelancer-friendly UX
Where Log My Business wins
- Invoicing is free — Bonsai paywalls it out of its cheapest plan
- $7.99 vs $19–$25/user just to send an invoice
- Native whiteboards, chat, versioned docs, and a developer API
- A dedicated low-cost contractor seat
Also worth knowing
HoneyBook ($29–$129/mo) has beautiful client flows but charges card fees from 2.7% + 10¢
and has no team task management. Zoho Invoice is genuinely free — but caps at about 500 invoices
a year with "Powered by Zoho Invoice" branding, and a full stack means stitching together separate Zoho apps.