Bonsai vs Wave
Invoicing Software pricing comparison · 2026
Bonsai costs $15–$59/user/mo, while Wave has a free plan, then $19–$149/mo. These products use different pricing models ( vs ), so a direct price comparison isn't meaningful — costs depend on usage volume and mix.
B
Bonsai
Bonsai pricing starts at $15/user/month for the Basic plan, or $9/month when billed annual
verified 10d ago
$200
$500
W
Wave
Wave pricing starts with a permanently free Starter plan that covers basic invoicing and a
verified 11d ago
$200
$500
Recorded annual contract medians
Bonsai
median is
$300
less than
Wave
· different customer contracts; not a quote
Cheapest
$200
Spread
60%
Estimated license cost
at 25 seats
List price × seats. Click a tier below to lock it.
Essentials
$300/yr
year 1 license · flat plan price
Wave Advisors
$1.8K/yr
year 1 license · flat plan price
What buyers actually pay
median, annual
Vendr deal-flow data. The real benchmark, not list price.
↓ Lowest median
Median annual
$200/yr
Vendr · n=39
Median annual
$500/yr
Vendr · n=226
REF · 01
Sources & confidence
Every dollar amount and contract clause below traces back to a sourced fact. We don't manufacture composite scores.
Where this data comes from
Vendr · TrustRadius · Reddit · BBB · official docs
Sources
5 sourced facts
2 hidden-cost · 2 contract · Vendr median
Last verified
1w ago
Confidence
Medium confidence
Sources
12 sourced facts
7 hidden-cost · 1 contract · Vendr median · 3 review platforms
Last verified
1w ago
Confidence
Limited confidence
REF · 02
Plans at a glance
Every tier per product. Lock one to drive the cost row above and reveal a tier-specific outbound CTA.
Tier ladder
Click a tier to lock the cost row to it. Locking surfaces a tier-specific Visit CTA.
REF · 04
Contract terms
The fine print, surfaced. Green = buyer-friendly. Each clause backed by a quoted source.
Bonsai
Wave
Auto-renewal
Yes
Yes
Cancellation
—
at least one day before the renewal date
Commitment
Annual billing requires an upfront payment for the entire year. The Elite plan has a minimum requirement of 3 users.
✓
monthly or annual billing period
Price escalation
—
—
Can downgrade
—
—
REF · 05
What users say
Aggregated, with sample sizes. We use whichever review platform has data.
User reviews
TrustRadius · Trustpilot · G2
Decide
Get a quote from each vendor
Each link opens the vendor's pricing page in a new tab.
License cost is computed from publicly listed plans (real math, list price × seats).
Median annual cost is from Vendr's deal flow when available — see source badges.
Hidden costs and contract terms each cite their own sources. We do not invent composite scores.
VS
Bonsai and Wave both operate in the invoicing software category. This page compares their list pricing.
Plan-by-Plan Pricing
| Plan | Bonsai | Wave |
|---|---|---|
| Basic | $15 /user/month | Free /month |
| Essentials | $25 /user/month | $19 /month |
| Premium | $39 /user/month | $149 /month |
| Elite | $59 /user/month | — |
Market Intelligence
Bonsai
- Median annual cost
- $200
- Based on
- 39 deals
Wave
- Median annual cost
- $500
- Based on
- 226 deals
Contract Terms
| Term | Bonsai | Wave |
|---|---|---|
| Auto-renewal | Yes | Yes |
| Cancellation | — | at least one day before the renewal date |
| Minimum commitment | Annual billing requires an upfront payment for the entire year. The Elite plan has a minimum requirement of 3 users. | monthly or annual billing period |