Many freelancers hate to do accounting. Well, actually It doesn’t have to be a time-consuming effort to handle your own bookkeeping. Because there are accounting software for freelancers makes it easier and faster to log and track your spending, send invoices, and file your taxes at the end of the year. With the correct tool, you can perform your business’s accounting in as little as an hour per month.
The number of solutions for accounting software for freelancers has expanded in tandem with the growth of the gig economy. However, not all apps are created equal, to choose accounting software for freelancers, you must consider following features.
Simple to use: A user-friendly layout makes accounting less of a chore—for example, minimal clicks or taps to create an expenditure report, and navigation that doesn’t necessitate multiple, lengthy video tutorials to achieve the app’s main functions.
The following are the basic features for doing critical tasks: Selected apps concentrate on the bookkeeping duties that freelancers must complete: invoicing, payment monitoring, and reporting deductible expenses.
Beginner-friendly: To take advantage of the capabilities of each program, users must have little to no knowledge of accounting and tax rules.
Digitization: Each app allows you to digitize receipts, save them, and log your costs using your email, phone, or scanner.
Considering those factors here are the 5 recommended Accounting Software For Freelancers
1. Quick Book Self Employed
If you prefer to file your taxes manually with TurboTax, QuickBooks Self-Employed will save you a lot of time come tax season. Because TurboTax and QuickBooks are both Intuit programs, they are integrated. When it comes time to file taxes, automatically uploading data from QuickBooks into TurboTax saves hours—or even days—of laborious computations and data entry.
QuickBooks Self-Employed Price: $5 per month for Self-Employed, which includes cost monitoring, invoicing, and mileage tracking; $10 per month for QuickBooks Online Simple Start.
Billing is pretty simple for some freelancers: you agree on fees, and the client pays those amounts each month. However, charging clients is a considerably more difficult task for others. Perhaps you bill by the hour and keep track of billable time. Perhaps you pay for things out of pocket and then get reimbursed. Alternatively, you might recruit and pay other contractors. FreshBooks is ideal if you have a variety of invoice requirements.
FreshBooks pricing is as follows: $15 per month for the Lite plan, which provides unlimited invoicing and estimates for up to five clients; $25 per month for the Plus plan.
Wave is a free Accounting software for freelancers that includes all of the tools you need to manage your business accounting, from sending professional invoices (including recurring invoices) to scanning receipts with the mobile app and even payroll processing.
Wave Price: Accounting, invoicing, and receipt scanning are free; from $20/month plus $4/employee or contractor.
FreeAgent includes useful extras such as time monitoring and invoicing. Use its built-in time-tracking tool to record every second you spend working on a project, then transfer that time to an invoice to rapidly bill clients. Invoicing, like some of the other applications on our list, can be configured to send automatic payment reminders to late-paying clients.
FreeAgent Cost: $12/month for the first six months; $24/month after that.
Xero is accounting software for freelancers that grows with you. You can begin by sending invoices and monitoring payments as they come in on Xero’s dashboard. Then you may connect it to your bank and payment providers to control your entire financial situation. If you hire team members and need to manage payroll from Xero, you can upgrade afterwards.
Xero pricing starts at $9 per month for the Early plan, which includes five invoices and quotations each month.
That’s all the recommended Accounting Software For Freelancer. If you are new in freelancing, you can use Flexgigzz.com to get client for freelancing projects.You can save your time because Flexgigzz system will manage the payment and invoice to client.
Source : zapier
Flexgigzz is the Asia leading marketplace for freelancers service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.