The Best Accounting Software For Freelancers


The Best Accounting software for freelancers
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Last Updated on October 13, 2020 by Yetty

Looking for the best accounting software for freelancers and self-employed? Consider getting FreshBooks. A cloud accounting SaaS designed to cater to the needs of freelancers, self-employed, and general SMBs. One of its key features is time-tracking. This is especially useful for freelancers who work on projects using billable hours. As a freelancer, you would need accounting software that allows for ease of creating an invoice, time tracking, monitoring unpaid bills, etc. These are some of the key benefits you get with Freshbooks. As a matter of fact, I would say FreshBooks adequately meets these requirements for freelancers better than its competitors.

Now lets take a look at some of its features;

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Key Highlights

  • Cloud computing software- work on the go anywhere and on any device be it a computer, tablet or mobile phone
  • Highly scalable- You can customize and create invoices. Additionally, there is the option to set up recurring/subscription bill payments
  • Tracking- Monitor when an invoice has been received by your client, viewed as well as when it has been paid.
  • Late payments- Option to set up automated late payment reminders as well as the option to charge late payment fees
  • Online payments- Integration exists for secured payment online using credit and debit cards
  • Quotes/Estimates- You can create professional-looking quotations and estimates that are guaranteed to convert
  • Financial reports- See all of your business insights from your dashboard as well as access to business financial reports from the same screen
  • Hourly billing- Specially designed for those that work and are paid based on billable hours
  • Tax management- Option of a tax calculator which is very important during tax filing season
  • Client management- A database of contacts to keep all client information
  • Bank deposits- Bank reconciliation and easy bank deposit option

Purchase a FreshBooks plan, skip the 30-days free trial, and get 50% off for the first 3 months!

Pros

  • Friendly user interface
  • Highly efficient customer support
  • Client converting beautiful invoice templates
  • Easy to use
  • Offers lots of integrations with third-party applications
  • Multi-currency options
  • Time & expense tracking
  • Ability to set up multi-billing rates
  • 30-day free trial version, no credit card required
  • Project management features

Cons

  • Limited users

#Purchase a FreshBooks plan, skip the 30-days free trial and get 50% off for the first 3 months!

In conclusion, as a freelancer or SMBs FreshBooks features are robust enough to cater to your needs in a simple manner. It adequately handles all your billing, time-tracking, expense tracking, and project managing needs. This allows you to face the more important work of making money as a freelancer. With all of the features that FreshBooks has to offer, I would consider it the best accounting software currently available for freelancers.

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