Best Accounting Software for Freelancers and Self-Employed
Best Accounting Software for Freelancers and Self-Employed
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Additional pricing tiers (per month): $65, $99, $235.
for first three months or free 30-day trial.
on QuickBooks' website
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
QuickBooks Online
Best for Scalability
Additional pricing tiers (per month): $65, $99, $235.
for first three months or free 30-day trial.
on QuickBooks' website
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
Additional pricing tiers (per month): $47, $80.
for 6 months.
on Xero's website
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No inbound phone customer support (callbacks are available, though).
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
Xero
Best for Client management for freelancers
Additional pricing tiers (per month): $47, $80.
for 6 months.
on Xero's website
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No inbound phone customer support (callbacks are available, though).
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
Additional pricing tiers (per month): $38, $65, custom.
for 4 months. 30-Day Money Back Guarantee.
on FreshBooks' website
Pros
- Stay in touch with clients through the FreshBooks mobile app and get notified when invoices have been viewed or become overdue.
- Intuitive, customizable invoicing capabilities compete with those of more robust accounting solutions.
- Track time and add billable hours to invoices in all plans.
- Weekday phone support in all plans.
Cons
- Highest-tier Select plan only comes with two users (additional users add $11 per month) and lower-tier plans put limits on billable clients.
- Least expensive plan lacks double-entry accounting reports, bank reconciliation and accountant access.
FreshBooks
Best for Overall freelance accounting software
Additional pricing tiers (per month): $38, $65, custom.
for 4 months. 30-Day Money Back Guarantee.
on FreshBooks' website
Pros
- Stay in touch with clients through the FreshBooks mobile app and get notified when invoices have been viewed or become overdue.
- Intuitive, customizable invoicing capabilities compete with those of more robust accounting solutions.
- Track time and add billable hours to invoices in all plans.
- Weekday phone support in all plans.
Cons
- Highest-tier Select plan only comes with two users (additional users add $11 per month) and lower-tier plans put limits on billable clients.
- Least expensive plan lacks double-entry accounting reports, bank reconciliation and accountant access.
Additional pricing tiers (per month): $20, $50, $70, $150, $275.
of the Premium plan.
on Zoho Books' website
Pros
- Less expensive than some competitors; free plan available for businesses with less than $50k in annual revenue.
- Email support in free plan; phone and chat support in paid plans.
- Rich feature set includes excellent invoicing, inventory management, workflow rules and a capable mobile app.
- Add accounting widgets to your phone’s home screen; track time using your Apple Watch.
Cons
- Fewer third-party integrations and reports than some competitors.
- No plan includes more than 15 users (can add additional users for a fee).
Zoho Books
Best for Mobile accounting app
Additional pricing tiers (per month): $20, $50, $70, $150, $275.
of the Premium plan.
on Zoho Books' website
Pros
- Less expensive than some competitors; free plan available for businesses with less than $50k in annual revenue.
- Email support in free plan; phone and chat support in paid plans.
- Rich feature set includes excellent invoicing, inventory management, workflow rules and a capable mobile app.
- Add accounting widgets to your phone’s home screen; track time using your Apple Watch.
Cons
- Fewer third-party integrations and reports than some competitors.
- No plan includes more than 15 users (can add additional users for a fee).
Additional pricing tiers (per month): $16
on Wave's website
Pros
- Free plan available.
- Intuitive, customizable invoicing capabilities compete with those of more robust accounting solutions.
Cons
- Lacks features that quickly growing companies need, like audit trails.
- Must subscribe to Wave’s Pro plan or other paid services (payroll, payments, advisor, etc.) to receive customer support from a human.
- No mileage tracking feature and must use Zapier for third-party integrations.
Wave Accounting
Best for Free self-employed accounting software
Additional pricing tiers (per month): $16
on Wave's website
Pros
- Free plan available.
- Intuitive, customizable invoicing capabilities compete with those of more robust accounting solutions.
Cons
- Lacks features that quickly growing companies need, like audit trails.
- Must subscribe to Wave’s Pro plan or other paid services (payroll, payments, advisor, etc.) to receive customer support from a human.
- No mileage tracking feature and must use Zapier for third-party integrations.
Brightbook
Best for Unlimited invoicing
Pros
- Send unlimited invoices.
- Add unlimited users.
- Run basic reports, like a profit and loss statement and tax report.
Cons
- Does not use double-entry accounting.
- Must manually import bank statements.
Brightbook
Best for Unlimited invoicing
Pros
- Send unlimited invoices.
- Add unlimited users.
- Run basic reports, like a profit and loss statement and tax report.
Cons
- Does not use double-entry accounting.
- Must manually import bank statements.
TrulySmall Accounting
3.3
Best for Sole proprietorship accounting software
Pros
- Features include basic reporting, mobile app, invoicing and reconciliation tools.
- No cap on the number of users or invoices.
- Phone, chat and email support.
Cons
- No third-party integrations.
- Can’t tag transactions to enable more granular reporting.
- No inventory management or mileage tracking features.
TrulySmall Accounting
Best for Sole proprietorship accounting software
3.3
Pros
- Features include basic reporting, mobile app, invoicing and reconciliation tools.
- No cap on the number of users or invoices.
- Phone, chat and email support.
Cons
- No third-party integrations.
- Can’t tag transactions to enable more granular reporting.
- No inventory management or mileage tracking features.
Our picks for the best self-employed accounting software
FreshBooks
- $21 per month for the Lite plan.
- $38 per month for the Plus plan.
- $65 per month for the Premium plan.
- Custom pricing for the Select plan.
Wave Accounting
- $0 for the Starter plan.
- $16 per month for the Pro plan.
Zoho Books
- $0 per month for the Free plan.
- $20 per month for the Standard plan.
- $50 per month for the Professional plan.
- $70 per month for the Premium plan.
- $150 per month for the Elite plan.
- $275 per month for the Ultimate plan.
QuickBooks Online
- $35 per month for the Simple Start plan.
- $65 per month for the Essentials plan.
- $99 per month for the Plus plan.
- $235 per month for the Advanced plan.
Xero
- $20 per month for the Early plan.
- $47 per month for the Growing plan.
- $80 per month for the Established plan.
Brightbook
TrulySmall Accounting
- $20 per month for the Accounting plan.
- TrulySmall also offers standalone Invoices and Expenses plans for businesses that opt out of the Accounting plan. They cost $8.99 per month each.