Our accountants offer unlimited support with no hourly charges, and we guarantee you maximum tax savings. We can help with everything from accounting services and payroll to tax preparation and advisory to audit defense and entity formation. If you know that you don’t have a deep understanding of accounting, know that hiring a professional will likely save you time, effort, and money.

• Checking on your existing relationships to see how their businesses are doing can remind them of your services, which may result in repeat business.
• You can also just enter records manually for your business-related trips on this site and others, and the application will calculate your mileage-related tax deduction.
• Wave has new competition in Sunrise, which is also free and based on double-entry accounting.
• Two unusual features are its transaction timeline and “rulesets” for sales taxes that simplify a difficult process.
• But freelancers have unique bookkeeping needs that don’t always apply to other small-business owners, especially in terms of tax obligations.

Choosing Accounting Software for Self-Employed and Freelancers

ZipBooks also offers invoicing, time tracking, and project management tools. FreeAgent simplifies accounting for self-employed individuals with intuitive features for managing finances, invoicing, expenses, and taxes. Its user-friendly platform also offers real-time financial insights and customizable reports, enabling users to make informed business decisions with ease. Unfortunately, FreshBooks’ cheapest plan, Lite, leaves out free accountant access and bank reconciliation—two crucial features for business owners who want to ensure their books are accurate. (And we’re pretty sure that’s every business owner, right?) And accountant for self-employed yes, you can send unlimited invoices with every FreshBooks plan, but the plan you pick determines the number of clients you can bill.

Decide what you’re looking for from your accounting software.

For example, a processor may charge you 2.9 percent plus 30 cents per transaction. That said, if selling products rather than offering services is key to your self-employment, perhaps you’ve already implemented credit card retained earnings balance sheet processing. You can use this setup instead of your accounting software to receive payments.

• Other features, even if they seem super impressive, just might not be necessary for you.
• AccountEdge also offers detailed financial reporting and data management tools, making it a versatile choice for small businesses.
• And because your customer is already aware of the estimated costs, it’s easier for them to pay you faster.
• Yes, one of the key benefits of accounting software for self-employed individuals is its ability to generate a variety of financial reports.
• Fiverr Workspace is a platform designed to help self-employed individuals manage their businesses more efficiently.

Send Invoices and Payment Reminders

It saves time and provides valuable insights and tools to manage expenses and cash flow effectively. Features include invoicing, instant financial insights, banking integration, secure data storage, multi-currency support, and bill and expense management. Users can also create and send professional invoices, track cash flow, and manage multiple companies and users from a single account. For freelance and self-employed professionals in search of simple and free accounting software with strong invoicing features, Wave delivers.

And even better, get rid of late payments with Wave’s Pro Plan features like automated reminders and recurring invoices. The primary components include expense tracking, invoicing, and financial reporting. These features enable users to monitor income and expenses, create and send invoices, and generate reports for tax purposes. OneUp is accounting software that offers AI categorization, financial performance tracking, cash flow forecasting, invoicing, and bill payment. But most online accounting programs are very easy to use, especially the five options we listed here.

Unlike QuickBooks Self-Employed, FreshBooks’ invoices are customizable with your business’s name, colors, and logo. You can also schedule automated recurring invoices, send late payment reminders, and set automatic late bookkeeping and payroll services fees to accrue on overdue invoices. All Plus features, automated late payment reminders and late fees, accountant access, double-entry accounting, mobile mileage tracking + tons of automation. Sending invoices — and generating them in just seconds from estimates and quotes — are how you start the client payment process as a self-employed person. This makes the invoicing, estimating and quoting tools within accounting software perhaps the most important features within any platforms you’re considering.