The Xero plans include mobile apps, financial reports, invoicing, live bank account connections, and access for multiple team members. However, the Starter version should be enough for freelancers. The options available are the $9/month for the Starter version and $60/month for the premium version.
Simple accounting software for 1099 contractors software#
This is cloud-based accounting software that assists independent contractors to manage payment and track their expenses and invoice processing. With $10 monthly, you can access the Simple Start version while $5 is all that is needed for the Quickbooks self-employed version. Also, there is a version meant for the self-employed and a complete version that can manage all business needs. It comes with versions for Mac, Windows, and online versions which are best suitable for independent contractors in 2020. It is designed for double-entry accounting, live bank connections, payment processing, invoicing, and mobile apps.
Quickbooks is suitable for small business accounting, and it gives even more than what an independent contractor needs. This app is suitable for both large corporations and solo freelancers. Though it is not perfect it is still considered as among the best accounting apps because it has set a high standard for what other finance management platforms can achieve. This is regarded as the best accounting app. However, note that if you process many payments, you may end-up paying more using the Wave’s free version than with paid accounting apps. Besides, it can track other personal finances and side hustles within the same account.Īlso, paid add-on services include payroll, credit card processing, and online ACH.
It is designed with income and expenses tracking, invoicing, collaborators, and live bank connections.
The free version is unique and can compete favorably with other paid accounting apps. Although, there is payment for additional features such as payroll and payment processing being free makes rank among the best accounting apps for independent contractors. This is one of the free accounting apps that can be used on both your Smartphone and online purpose.
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