Freelancers are always looking for ways to better manage their time, money and projects. With so many different tools available, it can be hard to decide which one is the best fit for you. This comparison will help take a closer look at some of the most popular options out there.
Let’s take a closer look at Honeybook, Freshbooks and Kosmo to see which one might be the best project management option for your business.
Honeybook vs Freshbooks vs Kosmo Features Comparison
|Price||$39/month||Monthly plans $15, $25, $50||Free or $9/month|
|Clients||Unlimited (paid)||5, 50, and Unlimited (paid only)||2 Free, Unlimited (paid)|
|Total Price Per Year||$390||$162, $270, $540||👍 Free or $90|
Overall the three platforms offer many similar features. In the end, users are likely to make their decision based on personal preference and needed features. Kosmo for example offers completely custom contracts that can be signed online as well as invoices that allow you to add your own branding.
Kosmo’s platform is simple to use and intuitive, cutting down on onboarding time so freelancers can continue focusing on what they do best.
Following are a few snapshots of what each platform looks like.
Project preview using Honeybook
Time Tracking preview using Freshbooks
Invoice preview using Kosmo
What is the price difference between Honeybook, Freshbooks and Kosmo?
Honeybook does not have a free plan and only offers a single paid plan that you can subscribe to either monthly or annually. The plan costs $39/month. Additionally, they do not allow you to use your own PayPal or Stripe account and charge a processing fee of 3% on Card or 1.5% on ACH (bank transfer) transactions.
Freshbooks does not offer a free plan but comes with a 30-day trial. The monthly plans start out at $15 for the lite version which allows you to add up to 5 clients, but does not provide features like e-signatures or unlimited proposals that come standard with many competing products. The other monthly plans are $25, $50 and custom. The higher your monthly plan the more clients you can manage and the more features are available.
The yearly price difference when comparing all three platforms is significant. Honeybook’s yearly price is $390. Freshbooks does not have a free plan and costs either $162, $270 or $540 per year. Kosmo offers a free plan as well as a $90/year pro plan.
Honeybook vs Freshbooks vs Kosmo: The Final Verdict
Honeybook, Freshbooks and Kosmo are all freelance project management platforms designed to help freelancers (and other businesses) optimize their operations. All three platforms offer similar features that differ on complexity and customization options. In the end it comes down to what the freelancer truly needs to run an efficient business.
Honeybook has many features that are similar to what competitors are offering. However, it might be a turnoff for some, that you cannot connect your own PayPal or Stripe account. If you want to receive a credit card payment or bank transfer from your client, you will have to use them as a payment processor at their 3% processing fee for card and 1.5% for ACH payments. Total per year cost for Honeybook is $390, which might be on the higher side when compared to other platforms offering many of the same features.
If you don’t work for a large agency and are looking for a clean uncluttered interface, beautiful branded invoices, customizable documents and a competitive price – Kosmo will work best for you. Also, you can use your own payment accounts like PayPal and Stripe. Kosmo does not charge any processing fees on those payments.
Freshbooks can be an option if you are primarily looking for a solution that helps you on the accounting side of your business. Some freelancers might especially miss functions like to-do list style task tracking and a standard freelance contract. Unfortunately, if you need to manage a lot of clients their pricing moves up quickly from $15/month to $25/month and then to $50/month which comes out to a yearly total of $162, $270 or $540.
🤖 Why should I sign up for Kosmo?
- Functional free plan with Clients, Projects, Time Tracking, Invoices and everything needed to get new and established freelancers going.
- Simple and easy to use platform.
- Beautiful invoices and proposals.
- Founder level support that cares about your business.
Get Organized & Win More Clients
Kosmo has everything you need to run your freelancing business.