Best Accounting Software For Freelancers

Best Freelance Accounting Software

There are over 55 million freelancers in the US. With perks like being your own boss, setting your own schedule, and the flexibility to work from anywhere, it’s easy to see why freelancing is becoming such a popular choice. Whether you are self-employed full-time or are freelancing on the side to earn some extra income, there are key software tools that can help you run a more effective and profitable business — the most important being accounting software.

As a freelancer, it’s easy to focus on growing your business, finding new clients, creating marketing campaigns — anything but accounting. However, having a strong accounting process and being in control of your business’s finances is the key to running a successful business.

Luckily, there are plenty of easy to use, affordable accounting solutions that will help you manage your freelance finances and taxes quickly so you can get back to doing what you love.

In this post, we’ll share the top accounting software for freelancers. We’ll also share some other great freelance tools that you should know about to help your business succeed, including everything from email marketing software to website builders to mobile payment apps and more. We’ve spent hours researching and testing software so that you can find the perfect software solutions to run your freelance business.

heading QuickBooks Self-Employed AND CO Wave

Best Accounting Software for Freelancers

Best Accounting Software for Freelancers

Best Accounting Software for Freelancers

ReviewCompare

ReviewCompare

ReviewCompare

Pricing

$10 – $17/month

$0 – $18/month

$0/month

Size of Business

Self-Employed

Self-Employed

Small

Ease of Use

Very Easy

Very Easy

Very Easy

Customer Service

Fair

Very good

Poor

Number of Users

1

1

1

Number of Integrations

4

10

4

Cloud-Based or Installed

Cloud-Based

Cloud-Based

Cloud-Based

Mobile Apps

iOS & Android

iOS & Android

iOS & Android

Characteristics Of Good Freelance Accounting Software

In terms of accounting software, freelancers have very specific needs. Most traditional small business accounting software simply won’t fit the bill. Freelancers need an easy-to-use financial management solution designed specifically for the self-employed. Here are some of the key characteristics a good freelance accounting software should have:

  • Affordable: For freelancers, every penny counts. With a slim or nonexistent accounting budget, freelancers need a solution that is free or offers affordable, low monthly payments.
  • Easy To Use: Good accounting software should be easy to use as most freelancers don’t have time to spend hours balancing the books. Many also may have little to no previous accounting experience so they need something that is easy to learn and understand.
  • Time-Saving Automations: All accounting software should feature automations, but freelancers are in particular need of any way to save time. Standard automations include automatic receipt uploading, mileage tracking, and live bank feeds.
  • Manage Personal & Business Finances: While freelancers should open a separate business banking account to safeguard against tax audits, this simply isn’t the reality for many self-employed individuals. Because of this, many freelancers need to be able to separate their personal expenses from their business expenses using their accounting software
  • Good Organization: As a freelancer, it’s easy to put finances on the back burner, but knowing your exact income and expenses is key to running a successful business. Accounting software should help you stay organized, run key financial statements, and make more informed business decisions.
  • Tax Support: With estimated quarterly taxes and ever-changing deductions, freelance taxes can be overwhelming. The best freelance accounting software will include tax support to help you manage your self-employed taxes.
  • Support Resources: Good accounting software will also provide you with ample learning materials to help you better your business.

We weighed all of these factors when selecting the best accounting software for freelancers. Each of the top three accounting options displays many, if not all, of the features listed above to help make managing your freelance finances as simple as possible.

1) QuickBooks Self-Employed

Best For…Best Accounting Software for Freelancers

Overall freelance accounting and tax support. Ideal for filing directly with Turbo Tax.

Created in 2014, QuickBooks Self-Employed was designed specifically to help freelancers manage their finances and file their taxes easily. QuickBooks Self-Employed is incredibly easy to use, offers great mobile apps, and has the best tax support of all three programs on this list. The software helps you calculate your estimated quarterly taxes, track your mileage, find other deductions like the home office deduction, and even has a Turbo Tax integration for easy filing. On top of tax support, QBSE also helps freelancers keep track of their income and expenses.

The software is ideal for freelancers looking for tax support, a way to separate personal and business expenses, and basic expense tracking.

Pros Cons

Suited for freelancers

Limited invoice features

Calculates estimated quarterly taxes

No state tax support

Easy to use

Turbo Tax integration

Pricing

QuickBooks Self-Employed offers two pricing plans ranging from $10 – $17/month. The difference between the two is that the larger plan includes a built-in Turbo Tax integration and the ability to pay estimated quarterly taxes online.

Features

Best Freelance Accounting Software

QuickBooks Self-Employed supports a good amount of features, especially where taxes are concerned. Here’s an idea of what QuickBooks Self-Employed has to offer:

  • Track income and expenses
  • Separate personal and business expenses
  • Invoicing
  • Record tax deductions
  • Fixed asset management
  • Calculate estimated quarterly taxes

Ease Of Use

QuickBooks Self-Employed is incredibly easy to use. It has a modern, well-organized UI that takes very little time to learn and offers strong mobile apps that are also easy to navigate.

Customer Support

QuickBooks Self-Employed’s customer support has its pros and cons. There’s no phone support, but there is a live chat feature if you want to get in touch with a representative directly. The good news is that QBSE provides a great selection of learning resources for freelancers including a comprehensive help center and a small business center chock full of business advice.

Takeaway

QuickBooks Self-Employed is one of the best accounting and tax support solutions out there for the self-employed. The software offers the most advanced level of tax support on the market, and while this isn’t a full-fledged accounting app, it allows freelancers to manage their income and expenses.

Read our full QuickBooks Self-Employed review to find out if this software is right for your business.

2) AND CO

Best For…
Best Accounting Software for Freelancers

Freelancers looking for strong accounting, good customer support, and the ability to create and send contracts to clients.

Founded in 2015, AND CO is an up-and-coming freelance accounting software that was recently acquired by Fiverr, one of the leading freelance marketplaces. The software is easy to use, offers great customer support, and provides traditional accounting features like time tracking and project management. While the software does not offer tax support, it does have a one-of-a-kind contract feature that allows you to create legal contracts for projects that are compliant with the Freelancers Union. This allows you to dictate who retains rights to your work and accept signatures directly from clients.

AND CO is ideal for freelancers who don’t need the extra tax support of QuickBooks Self-Employed and would rather have more traditional accounting features, contracts, and better customer support.

Pros Cons

Suited for freelancers

No tax support

Easy to use

Unsuited for product-based businesses

Good customer support

Limited integrations

Strong mobile apps

Pricing

AND CO has a free plan for freelancers with a single client and a paid plan which costs $18/month. The larger plan includes unlimited reports and more advanced proposals and contracts.

Features

Best Accounting Software for Freelancers

While AND CO may be lacking in tax support, the software has a lot of great features going for it. Here are some of the features AND CO has to offer:

  • Invoicing
  • Contact management
  • Expense tracking
  • Time tracking
  • Project management
  • Proposals
  • Contracts
  • Subscriptions

Ease Of Use

AND CO is incredibly easy to use. The software was originally designed solely as an iPhone app so the mobile apps are also easy to navigate.

Customer Support

AND CO offers great customer support. Representatives are generally kind and quick to respond to questions. The company also offers great business tools and support resources for freelancers, as well as all of Fiverr’s extensive freelance resources.

Takeaway

AND CO is a great accounting and finance management tool for freelancers. The main drawback is that there is no tax support. However, you won’t find such developed proposal and contract features anywhere else.

Read our complete AND CO review to see if this freelance tool is right for you.

3) Wave

Best For…Best Freelance Accounting Software

Freelancers looking for a complete accounting solution for free.

Wave is a free accounting software solution that offers an incredible number of features for $0/month. While the software wasn’t designed specifically for freelancers like QuickBooks Self-Employed and AND CO, Wave is one of the best accounting programs to fit the needs of freelancers. It’s affordable, easy to use, and allows business owners to separate personal and business accounting.

The software is ideal for self-employed individuals looking for a full accounting solution or those who need an affordable way to manage their freelance finances.

Pros Cons

Free

Limited integrations

Easy to use

Poor customer support

Good feature set

Limited mobile apps

Positive customer reviews

Pricing

Wave only offers one accounting package and it’s completely free. There are no user limits or feature limits. You get all of the great features of Wave for $0/month. The only extra costs are payment processing, payroll, and professional bookkeeping services.

Features

Best Accounting Software for Freelancers

Of all three options on this list, Wave offers the most features. While you won’t find tax support, Wave does offer strong accounting and is full-fledged accounting software. Because of Wave is actual accounting software, it’s the only program on this list that will allow you to actually balance the books. Here are the features you’ll find with Wave:

  • Invoicing
  • Estimates
  • Contact management
  • Expense tracking
  • Accounts payable
  • Inventory
  • Reports

Ease Of Use

Wave is well-organized and its modern UI is easy to navigate.

Customer Support

Wave offers many great support resources; however, getting in touch with an actual representative is difficult. There is no phone support and response times are slow.

Takeaway

Wave is an affordable accounting program that gives you strong accounting and tons of features without breaking the bank. The software does not offer tax support, but it does offer payroll, making it a scalable solution if you plan on growing your freelancing business. The professional bookkeeping services are also great for freelancers who aren’t comfortable doing their own accounting or simply don’t have the time.

Read our full Wave review to see if this accounting software is right for you.

Other Great Freelance Tools

Your freelancing business is your baby, and as it takes a village to raise a child, it can also take an army of integrations to run a business. There are tons of great freelancing tools that can help you manage and grow specific areas of your business, like email marketing, invoicing, ecommerce, and more. Here are some of the top freelance software tools we recommend.

The Best Invoicing Software For Freelancers

If your freelance business relies heavily on invoicing and isn’t quite ready for all of the other features included with accounting software, invoicing software could be a simpler alternative to meet your business needs.

Zoho Invoice

Best Invoicing Software for Freelancers

Zoho Invoice is an easy to use, cloud-based invoicing program with incredible invoicing features. With over 15 invoice templates to choose from and international invoicing options, Zoho Invoice has a lot to offer. Read our complete Zoho Invoice review to learn everything this software is capable of.

InvoiceraBest Invoicing Software for Freelancers

Invoicera is also a could-based program with a good feature set and attractive invoice templates. A forever free plan and over 35 payment gateway integrations are just a few of the perks of this invoicing option. Read our complete Invoicera review to learn if this software is right for you.

Visit our invoicing software reviews for more options or compare our top favorite invoicing solutions for small businesses.

The Best Receipt Management Software For Freelancers

Business owners are all too familiar with the dreaded receipt shoebox. Receipt management software or expense tracking software can help freelancers get organized and handle reimbursements with ease.

ExpensifyBest Receipt Management Software for Freelancers

Expensify is a cloud-based expense management solution with mobile receipt scanning, expense approval workflows, and next-day expense reimbursements. The software also integrates with key accounting programs for a seamless expense tracking experience.

ShoeboxedBest Receipt Management Software for Freelancers

Shoeboxed is also a cloud-based expense management solution with receipt scanning, mileage tracking, expense reports, basic CRM, and even tax prep. Shoeboxed also integrates with key accounting programs.

The Best Payment Processing Software For Freelancers

Need to accept mobile payments from your customers? Mobile payment apps allow freelancers to accept payments anywhere — whether that be at a home show, a small storefront, or even a client meeting at Starbucks. If your freelance business could benefit from accepting payments on the go, mobile payment processing is a must.

SquareBest Payment Processing for Freelancers

Square is one of the most popular mobile payment apps. It offers affordable flat rate pricing and free tools for selling online, making it easy to accept payments from your customers in multiple ways. Read our complete Square review to learn how Square could benefit your business.

Take a look at our other mobile payment processing reviews or compare our top five payment processing solutions for businesses.

The Best Website Builders For Freelancers

A website is key for many freelancers who sell goods online or who need a professional online portfolio to showcase their work to clients. Luckily, there are plenty of affordable, easy to use website builders that can give your freelance business the edge.

WixBest Website Builder for Freelancers

Wix is an easy to use website builder that is ideal for ecommerce and blogging. Wix offers a compelling free version with unlimited pages and hundreds of customizable templates to choose from. Read our complete Wix review to learn more about this affordable website solution.

SquarespaceBest Website Builder for Freelancers

Squarespace is a website builder that is perfect for ecommerce and blogs While there’s no free plan, the software offers amazing templates with a huge degree of customizability. Read our complete Squarespace review to see if this website builder is right for you.

Read our other website builder reviews and ecommerce reviews to find the perfect solution for your business.

The Best Email Marketing Software For Freelancers

One of the most challenging parts of freelancing is finding clients. Email marketing software can be a great way to market your services and target clients so you can grow your business.

MailChimpBest Email Marketing Software for Freelancers

MailChimp is an easy to use email marketing software with affordable payments. The software offers email campaigns, email automations, and even analytics and reporting. Read our complete MailChimp review to learn how this software could help your business.

BenchmarkBest Email Marketing Software for Freelancers

Benchmark is another great email marketing option that is easy to use and offers good customer support. The software has hundreds of templates to choose from and the unique ability to send video emails and online surveys. Read our complete Benchmark review to see if this software is right for your business.

Read our other email marketing software reviews or compare the best email marketing solutions to find the right option for your business.

Picking The Perfect Freelance Accounting Software

Choosing Accounting Software

Running a freelance business can be difficult, but with the right tools, you can set your business up for success. With accounting solutions like QuickBooks Self-Employed, AND CO, and Wave, you can manage your finances and gain valuable insight into your business’s income and expenses.

QuickBooks Self-Employed is ideal for freelancers in need of tax support; AND CO is ideal for legal, professional contracts; and Wave is ideal for the complete accounting package. Identifying your freelance needs and examining your current financial process can help you decide which program is the perfect fit for your business.

Then ask yourself, what other tools could benefit my business?

Email marketing software could help you grow your clientele. A website builder could help you create a professional brand. A payment processing app could help you increase your sales. Here at Merchant Maverick, our goal is to help you find the best software to help your business succeed. We have hundreds of reviews across multiple software industries so you can find the perfect software combo. Check out our comprehensive reviews and our other freelance resources as well.

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heading QuickBooks Self-Employed AND CO Wave

Best Accounting Software for Freelancers

Best Accounting Software for Freelancers

Best Accounting Software for Freelancers

ReviewCompare

ReviewCompare

ReviewCompare

Pricing

$10 – $17/month

$0 – $18/month

$0/month

Size of Business

Self-Employed

Self-Employed

Small

Ease of Use

Very Easy

Very Easy

Very Easy

Customer Service

Fair

Very good

Poor

Number of Users

1

1

1

Number of Integrations

4

10

4

Cloud-Based or Installed

Cloud-Based

Cloud-Based

Cloud-Based

Mobile Apps

iOS & Android

iOS & Android

iOS & Android

The post Best Accounting Software For Freelancers appeared first on Merchant Maverick.

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Shopping Carts 101: How to find a Shopping Cart Software for the Business

shopping-carts-101

eCommerce experts and vendors have provided shopping cart software software a multitude of names. You might even see scalping strategies known as eCommerce platforms, online shop builders, and/or search engine optimization.

Regardless of the altering and variable names, these platforms all perform the same factor: permit you to feature products and conduct secure transactions online. And many modern shopping carts include features for even more than just selling products. They allow you to load and keep inventory, ship orders, track and chart sales, and promote products through email and social networking.

In the last many years, the marketplace continues to be flooded with competing shopping cart software solutions, all vying for the attention. Because of so many options, it’s hard to know where to start.

However, it’s crucial that you spend some time in selecting the shopping cart software you utilize for the online shop. A structural shopping cart software can cripple your company. If your internet site is glitchy, clients are far more prone to abandon your website empty handed, regardless of how good your product or service are. And also the additional time spent solving intricacies, the a shorter period you’ve for essential things like fulfilling orders and establishing marketing campaigns.

Along the way about selecting the right shopping cart software for the online shop, you need to have a couple of factors in your mind. Consider getting out certificates and begin taking notes. Listed here are a couple of things it’s important to consider while you look for the right online shopping cart software for the store.

Table of Contents

Think About Your Small Business

Before beginning researching just one shopping cart software solution, you need to think about the following questions:

What exactly are your primary goals for the eCommerce site?

Take a moment to think about your reason for creating a web-based store. Could it be to create a couple of dollars by selling homemade products in your blog, or are you currently thinking about beginning an eCommerce enterprise?

These goals will influence the kind of eCommerce platform you select. Individuals who begin small out on another intend on growing much will choose an eCommerce platform according to significantly different facets than individuals who’re wishing their online shop will end up a weekend success.

What’s your present level of skill?

Is that this the first time creating a website? If that’s the case, it’s important to make certain that simplicity of use is among your selected platform’s most prominent features. You need to locate a SaaS (software like a service) solution having a straightforward, intuitive admin.

Excuses have you employed this before? For the reason that situation, you are able to make a glance at a few of the more feature-wealthy open-source shopping carts (more about this later).

What features do you must have?

It’s clearly crucial that the shopping cart software software does all you need it to complete. So, before you decide to consider a single shopping cart software, you have a bit more try to do. Grab that sheet of paper again and begin writing lower each of the features you’ll need in a shopping cart software solution.

Would you sell T-shirts in multiple sizes and colors? You’ll need product variation features. Are you planning on supplying customers in america and Mexico? You’ll need multi-lingual and multi-currency options.

Write lower every feature you may require, including basics like tax and shipping calculation, a drag-and-drop theme editor, the opportunity to create then sell gift certificates, as well as an abandoned cart saver. Take that list as you continue your quest. Dive into each shopping cart’s attributes and discover what comes built-in and just what you’d need to add-on like a purchased extension.

Choose From Web-based and Self-located

Modern shopping carts are available in two forms: SaaS (Software like a service) solutions and self-located solutions. SaaS platforms are easy-to-use solutions which are located from your vendor. You have to pay a regular monthly fee for accessibility software in addition to hosting and security.

However, self-located solutions are totally liberated to download and employ. You won’t be required to spend the money for vendor almost anything to use their software. However, you’ll have have costs connected with operating your website. It’s important to find your personal hosting and buy your personal SSL certificate every year. Additionally, you’ll likely need to pay for many add-ons and styles to create your website work the way you please.

You will find pros and cons to every option. Although SaaS solutions are simple to use, they’re typically a little limited when it comes to functionality. You won’t always have the ability to personalize your website to consider proper care of all of your needs.

On the other hand, open-source solutions are highly customizable. Your developers have access to every type of code which was accustomed to built the program, so it’s much simpler to create large changes somewhere. However, that customizability comes at a price. Open-source solutions are usually a lot more hard to operate and aren’t suggested for eCommerce beginners.

Evaluate Prices

There’s an array of cost points for shopping carts, for the way much storage and bandwidth you’ll need. Web-located plans typically offer a number of options varying from $10 to $200 monthly, and open-source platforms are for sale to free (though you’ll have to purchase a number of add-ons). Listed here are a couple of things to consider when selecting the very best arrange for your company.

  • Bandwidth: Most plans begin with a minimum of 1 GB of bandwidth and increase after that. Question overage charges before investing in an agenda.
  • Storage: Like bandwidth, some carts charge overage charges should you exceed your monthly storage limit. Make sure to select a plan that gives enough room for the images and knowledge in the beginning.
  • Styles: Most carts provide a standard assortment of free fundamental styles, even though many charge more for premium templates.
  • Features: Extras vary vastly between shopping carts and plans. Locate a cart which includes fundamental social networking and Search engine optimization. You will be able to optimize your URLs for Search crawlers and integrate “like” and “follow” buttons on product pages. While it’s standard for carts to charge for several add-ons (like QuickBooks or ConstantContact) many offer some free integrations.
  • Support: Most carts offer documentation, user guides, and forums. Some incorporate a small group of support tickets, yet others give users use of limitless tickets

Test Simplicity of use

As the customers spend some time clicking through merchandise in your website, you will be chilling out inside your cart’s admin. The admin may be the control room for the store, that contains customer info, orders, payment and shipping settings, inventory, and much more. It’s crucial that you’re comfortable navigating and taking advantage of the characteristics inside your admin.

As to consider a shopping cart software for the store, you need to join trials of every platform you’re thinking about. Take each shopping cart software with the paces. Try adding new items, product variables, groups, and discounts. Test the theme editing tools, and look for your reports page. Request the aid of support for those who have questions and record their response time.

Testing a shopping cart’s simplicity of use can frequently function as the figuring out element in selecting an eCommerce software. Make certain you dedicate a couple of hrs to every shopping cart software in your list before you decide to move ahead.

Review Support

Your shopping cart software should offer quality customer care. If this sounds like the first time establishing a web-based store, it is also essential that your vendor provides personalized support, not only documentation and FAQs.

Locate a cart with 24/7 support via live chat and email. Have a look through their documentation to make certain self-help details are up-to-date, and study the city forum to recognize common complaints. Look into the company’s Twitter and facebook pages to find out if they positively build relationships their clients. Finally, you should attempt contacting each shopping cart software candidate to obtain a wise decision of the response time.  

We all know that’s a great deal to do! So, in order to save a little time, we’ve tested customer support for you personally.  Take a glance at our eCommerce reviews for any brief analysis of every platform’s support.

Check Available Security

To be able to collect your customer’s payment information, it’s important to make certain your internet site is secure. Fortunately, most web-located shopping cart software solutions have a free 128-bit shared SSL certificate. That SSL certificate will let customers take a look at safely on the subdomain of the vendor’s checkout page.

In case your platform doesn’t provide an SSL certificate, it’s important to purchase your own. They are able to vary from $80-$200/year.

Get Started!

Navigating the field of shopping carts can appear just like a daunting task. Our responsibility at Merchant Maverick would be to make that task just a little simpler. Take a look at our reviews to locate impartial details about each shopping cart software you’re thinking about. Narrow your choices lower to a number of platforms, and take time to demo the program that appeal to you most. Best of luck!

Liz Hull

Liz is really a recent college graduate residing in Washington condition. As recently, she will frequently be located haunting eCommerce forums and securing with customer support representatives. When she’s free, Liz likes to rock climb, watch Spanish dramas, and browse poorly-written youthful adult novels.

Liz Hull

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