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Best Accounting Software For Freelancers

    Chelsea Krause
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Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

There are over 55 million freelancers in the US. With perks like being your own boss, setting your own schedule, and having 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.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
QuickBooks Self-Employed

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Best tax support
Best tax support

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AND CO

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Best customer support
Best customer support

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Wave

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Best complete accounting solution
Best complete accounting solution

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Read more below to learn why we chose these options.

The 3 Best Freelance Accounting Software Apps

Doing your own accounting as a freelancer doesn’t have to be difficult. The latest software makes it easy to track expenses, send invoices, and more — no experience required. Track your business finances with these freelance accounting software picks, including QuickBooks Self-Employed, AND CO, and Wave.

1. QuickBooks Self-Employed: Best Tax Support

QuickBooks Self-Employed



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Best 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.

Pricing

QuickBooks Self-Employed offers three pricing plans ranging from $15 – $35/month. The two most expensive plans include a built-in Turbo Tax integration and the ability to pay estimated quarterly taxes online. The $35/month plan also comes with year-round support from a CPA, including a final tax return review.

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.

When To Use QuickBooks Self-Employed

QuickBooks Self-Employed is ideal for freelancers looking for tax support, a way to separate personal and business expenses, and basic expense tracking.

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.

Pros

  • Suited for freelancers
  • Good tax support
  • TurboTax integration
  • Well-designed UI

Cons

  • No state tax support
  • Limited invoice features
  • Unscalable

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

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2. AND CO: Best Customer Support

AND CO



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Best for 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.

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 clients, additional 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.

When To Use AND CO

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.

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.

Pros

  • Suited for freelancers
  • Free plan available
  • Easy to use
  • Excellent customer service
  • Excellent mobile apps

Cons

  • No tax support
  • Limited integrations
  • Unsuited for product-based businesses
  • Not full accounting software

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

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3. Wave: Best Complete Accounting Solution

Wave



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Best for 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.

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 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.

When To Use Wave

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.

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.

Pros

  • Free
  • Easy to use
  • Numerous features
  • Attractive invoice templates
  • Good support materials
  • Help from expert accountants available

Cons

  • Limited mobile apps
  • Unsuited for large businesses
  • Poor customer support

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

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Other Great Freelance Tools You Need To Know About

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 many 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 Easy-To-Use Invoicing Software

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.

Zoho Invoice



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Invoicera: Best Free Invoicing Software

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.

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A full-featured invoicing solution with ample invoicing customizations, beautiful templates and a practical client portal

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.

Expensify: Best For Businesses Of All Sizes

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.

Shoeboxed: Best Expense Reporting

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.

Square: Best Mobile Payment App

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.

Best Overall Mobile POS


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Highlights

Retail POS: Free trial ($60/mo value)

 

Restaurant POS: Free trial ($60/mo value)

 

Square POS: Always free

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.

Wix: Best Easy-To-Use Website Builder

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.

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Squarespace: Best eCommerce Website Builder

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.

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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.

MailChimp: Best Easy-To-Use Email Marketing Software

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.

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Benchmark: Best Customer Support

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.

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

Picking The Best Freelance 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.

Top 10 Tax Deductions For Freelancers

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Freelance Accounting Software FAQs

What is the best freelance accounting software?

The best freelance accounting software is based on the needs of your business. If you want an affordable but robust accounting solution, you can’t beat Wave’s forever-free plan. If excellent customer support is more of a priority, AND CO may be the better choice. If you want tax support, give QuickBooks Self-Employed a try.

What is the best accounting software for freelance taxes?

If you want built-in tax support in your accounting software, you can’t go wrong with QuickBooks Self-Employed. This software makes it easy to prepare and file your taxes with features like mileage tracking, a quarterly tax calculator, and built-in TurboTax integration.

How do I track my self-employment taxes and deductions?

Sometimes, you can track self-employment taxes and deductions right within your accounting software. Accounting software like QuickBooks Self-Employed come equipped with built-in tax support so you can be ready to file come tax time.

Are there any free accounting software for the self-employed?

Wave offers a forever-free plan that doesn’t impose limitations on features, an outdated UI, or ads filling up your screen. Instead, you get attractive, easy-to-use software at absolutely no cost.

How much does freelance accounting software cost?

The cost of freelance accounting software varies based on the software you choose and any add-ons you purchase. Wave, for example, offers free accounting software, but you must pay for add-ons like payroll or payment processing. QuickBooks Self-Employed, on the other hand, has plans that go as high as $35/month, but this plan offers unmatched tax support.

In Summary: The 3 Best Freelance Accounting Software Apps

  1. QuickBooks Self-Employed: Best tax support
  2. AND CO: Best customer support
  3. Wave: Best complete accounting solution
Chelsea Krause

Chelsea Krause

Content Strategist - Accounting & Payroll
Chelsea Krause is a writer who has specialized in accounting for over three years and is a QuickBooks Certified User. She has a BA in English & Creative Writing from George Fox University and studied at the University of Oxford as well. She has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business.
Chelsea Krause
View Chelsea Krause's professional experience on LinkedIn.
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3 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    John M Griffing

    We have clients on both Self-Employed and Wave. Both great solutions for Freelancers, but important to note that neither is upgradeable as freelancers can grow beyond one person operations.

      This comment refers to an earlier version of this post and may be outdated.

      charlescheok

      Hi Chelsea Krause,

      Good review. Thanks.

      As retirement nears, a free accounting app is what the doctor prescribed for a retiree.

      Keep up the good review work. Can you add me to your list of subscribers?

      Charles Cheok.

        This comment refers to an earlier version of this post and may be outdated.

        Jessica Dinsmore

        Hi Charles,

        Thanks so much for the kind words; I’ll be sure to pass your kudos on to Chelsea! You can subscribe here!

          This comment refers to an earlier version of this post and may be outdated.

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