Simple Accounting & Tax App for Freelancers

It’s frustrating to spend time on administrative work instead of tasks that actually make you money. However, if you’re a more established business that requires more potent capabilities, it could be worth your while to choose a tracker that costs a little more. Keep in mind bookkeeping for cleaning business that many of these apps charge per user, so what might seem like an affordable plan could add up to much more if you have dozens of users. It’s easy to fine-tune automation with program rules, budgets and daily limits and granular auto approve rules.

• Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.
• Then at tax time, we work with your accountant to deliver all the financial info they need to file your taxes.
• Paid plans start from $99 per year for a single business owner and unlimited reports.
• Sole traders can connect their personal bank or current accounts to Coconut and begin to separate their business and personal transactions.
• Yes, if you want to deduct business expenses on your taxes, the IRS requires proof of your receipts.

Features

It’s especially useful gross vs net for self-employed individuals who need a reliable way to stay organized and productive. Notion also offers a variety of templates to help users get started quickly. This makes it easier to manage projects, set goals, and track habits. In summary, H&R Block Tax Prep and File stands out for its ease of use and comprehensive features, making it a top choice for self-employed professionals. With its intuitive e-filing system, users can confidently manage their taxes and focus on growing their business.

Tax Processing

Users can generate detailed reports with just a few clicks, making it efficient for travelers and finance teams. For freelancers with a staff or who are running a small business, the expense report feature makes sense regarding reimbursement management. For me, though, it was redundant and contributed to the oversaturated user interface. It is easy to use and allows you to scan unlimited receipts, track mileage, and more. Its SmartScan feature automatically scans and enters the details on its own, saving you time and trouble.

• Overall, Mint stands out as a reliable tool for managing personal finances and is a great option for those who want to keep their expenses in check.
• While we strive to provide a wide range of offers, SelfEmployed does not include information about every financial or credit product or service.
• Prism is a handy app designed to help users manage their expenses effectively.
• From tips on taxes to Self Assessments and expenses, we have advice for sole traders and landlords in all stages of their journey.
• Canva free gives you access to a huge library with thousands of design templates, images, backgrounds, and more.

Do I need to keep copies of all my business receipts?

Stumped on how to categorize your expenses, or why you need to do it? Get in the know with our simple guide on how to categorize business transactions. Now that I’m in a groove and have been using Keeper for over a year, I’ll file my 2023 taxes with the app. After using both the automated features and the Tax Help center, I’m confident that they’ll point me in the right direction if I have any questions. When I started freelancing about ten years ago, I had a folder where I kept paper receipts and copies of checks and made notes on what I’d spent. Yet, I still missed out on a lot of tax deductions because I wasn’t sure what I was supposed to do with the growing pile of papers.

Why should freelancers use Keeper to track receipts for taxes?

However, it’s not great if you want to scan and view receipts from your desktop. In summary, Hubstaff is an all-in-one solution that helps self-employed professionals manage their time and projects effectively. With its user-friendly interface and robust features, it’s a top choice for anyone looking to enhance their productivity. Hubstaff combines time tracking with project management, making it easier for self-employed individuals to stay organized and efficient.

QuickBooks is accounting software that has other features that business owners may need. For example, you can use it to create expense reports, set up payroll, manage invoices, and more. Asana is a powerful tool designed to help teams and individuals manage their projects effectively.

We considered the number of reviews from the App Store, G2 and Capterra, looking for positive reviews that numbered at least 200. We also calculated how many of those reviews were higher at least 3.5 stars or higher out of 5. If you’re mainly tracking expenses to deduct on your taxes, then Everlance will be a helpful tool for both businesses and freelancers. Since you’re getting so much with QuickBooks, the monthly fees are a bit higher. It’s $35 a month (50% for the first three months during current promotion) for the Simple Start plan, which includes one user. Like the others on this list, Emburse Certify features automatic report creation, streamlined approvals and built-in policy controls.