Sengi is not invoicing software, accounting software, or a time tracker. It fills the gap they structurally cannot.
A side-by-side comparison of Sengi, FreshBooks, Wave, Bonsai, Harvest, Toggl, and QuickBooks on the one question that matters: can it show your effective hourly rate per project?
Accounting tools organize finances by category, not by project effort. They cannot calculate your effective hourly rate because they have no concept of hours worked.
Time tracking measures input: hours logged. Profitability measures output: what those hours earned. Most freelancers use the wrong tool for the question they are actually asking.
Every freelancer experiences it. The invoice says $5,000. But when you divide by the hours you actually spent, the number tells a different story.
FreshBooks is invoicing and accounting software. Sengi is a profitability tracker. They solve different problems.
QuickBooks is accounting software built for accountants. Sengi tracks your effective hourly rate per project, the metric QuickBooks cannot show.
Harvest is a time tracker built for teams who bill by the hour. Sengi is a profitability tracker built for solo freelancers who charge flat fees.
Wave is free accounting software. Sengi is a profitability tracker. Free invoicing still cannot show your effective hourly rate per project.
Toggl is a time tracker. Sengi is a profitability tracker. Tracking every minute still cannot tell you your effective hourly rate on flat-fee projects.
Bonsai manages freelance business operations. Sengi tracks per-project profitability. All-in-one breadth vs. single-metric depth.
HoneyBook manages client relationships. Sengi tracks project profitability. One manages the process, the other measures the outcome.
Notion is a powerful workspace. But no template can calculate your effective hourly rate, alert you at 80% budget, or detect scope creep automatically.
Spreadsheets are the right first step for tracking profitability. Here is why they break after 3 months and when to upgrade.