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Accounting & Tax Assistant by Bonsai — Freelance accounting and taxes
Get a full view of your financial life as a freelancer and prepare easily for tax season. Know how much you’re earning and spending, estimate what you owe in taxes, and save money with a smart, automatic deduction finder.
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Anna Filou
US-only, right? Do you plan to make something similar for people living and working in other countries?
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Love using Bonsai to manage my invoices. Been a happy user for more than a year.
@matttbrown I'm surprised you don't have an option to add Transferwise payment details? Loads of freelancer use it to get payments. I have to add my details in the notes as of now and the invoice show 'Ask Sumit for payment details' which doesn't look very professional.
@matttbrown @sumit_designs Woohoo, glad to see you here Sumit. Didn't know you were a Bonsai customer too! I agree on the Transferwise integration but I'll let @matttbrown answer your question.
@sumit_designs great feedback on Transferwise, it's definitely something we've heard many times before. We're constantly adding new payment methods and that's top of the list.
Hi everyone, we’re really excited to share Bonsai’s latest product, Accounting & Tax Assistant!
For 3+ years Bonsai has focused on the freelancer’s core workflow: proposals, contracts, time tracking and tasks, invoicing, and online payments. Our goal has always been to automate the admin work freelancers hate doing or don’t know how to do.
However, we realized that this annoying work doesn’t end when the freelancer gets paid. Many freelancers struggle with managing their finances, setting and tracking financial goals, and being prepared for tax time.
So we built this new product to make money management as easy as the rest of a freelancer’s workflow.
Happy to answer any questions about this product, Bonsai in general, or anything else freelancing related!
@matttbrown The hardest thing for a freelancer is to start their own startup. Usually, they are solopreneurs and do all the work alone. When I opened my online business, it was a website for online classes. I spent a lot of time working by making signs and even more for running the business. The first period was very hard for me. Luckily I found xolo.io, an online service that helps to run your online business. They work with all the documentation and do all the accounting. Since we became partners, I don't have problems running the business.
I'm always reading up on freelance taxes, what my deductibles are every year and going back and forth with my accountant in the final month for filing taxes - accounting's always been a little tricky for me as a consultant. I've been using Bonsai's Accounting features for the last 2 months - it's a great product. Happy to answer any questions!
Honestly have loved Bonsai since their inception. Super excited to see that they are still chugging out new products. Might try using it for this season for real...
Hi, I am in South Africa and we have our own VAT and tax system, would this new feature allow for integration into our financial system/currency?
@siegfried_redelinghuys South Africa is not support yet, but it's definitely on the roadmap!
How about introducing tax assistant for India? Taxes have become really messy for all business owners since the introduction of GST.
@neharohilla4 Definitely agree, I'll add in a vote for India for supported countries. We prioritise support for a country based on customer demand so if there's enough demand - why not? Thanks for the feedback Neha!
Exactly what I need! With this new addition, I'm not only saving even more time but also money! Extremely user friendly and fits perfectly into my workflow. Thanks for such a fantastic product!
What we really need is to be able to bill multiple projects onto one invoice. Can we PLEASE have that feature first? I have been asking for this since September last year.
Please help. Thanks.
This is a very good product for those who want to be accounting & tax care-free. I totally agree with the idea that we need to be able to bill multiple projects onto one invoice, and that we need that feature first. Does the tax assistant work globally at the moment? I like very much the way that Bonsai has evolved in the last months. I like it very much. Nevertheless, there will always be questions related to accounting and taxes that can only be solved by professionals, like the guys from https://szwedaconsulting.com/. They have the required expertise to identify the problem and offer the best way to solve it.
Bonsai keeps getting better and better! With so much of the leg work done by this tool, I get more time than ever to focus on the work that I love and deliver stellar experiences to my clients! Thanks to the entire team for building a great product!
Fantastic addition to Bonsai product suite. Can't wait to see how it will be used.
Hello! This looks great just wondering if it only works in the US? Can I use it in Portugal? Cheers
@lucia_ziyuan Everything except the tax assistant works globally. The tax assistant is US only for now, but we do plan to support other countries. Historically, we've always started with 1 country and then expanded to other countries based on demand. So this will happen :)
Hi @matttbrown,
This looks like a really interesting product! I'm interested in exploring further. I do have a question for you.. can I email you?
Best,
Jairo