Becoming a freelancer means you are your own boss. As a freelancer, you’d rather do what you love doing in your particular niche than spend your time crunching numbers as you work on your accounts. The sad truth is, you are not only responsible for managing your projects, but you are also in charge of your accounts. Every freelancer should have well kept books so as to ensure future financial success. Well kept books are essential for determining the health of your business, growth of your freelance business, and also for tax obligations. In this article we have compiled a list of easy accounting tools for freelancers which can help you simplify things.
Wave accounting is free, cloud based, integrated accounting software which can help you manage the day to day aspects of your freelance business with much ease. Wave is designed for freelancers, entrepreneurs, and small businesses owners, especially those who have little accounting knowledge. Wave provides numerous different features which range from creating professional, detailed reports, to seamless, unlimited invoicing and payroll. This incredible accounting tool also offers the ability to add accounts, and even directly link the bank information right from the application’s console. Wave basically provides an easy to understand accounting and invoicing software, that has been approved by certified accountants. The interface for Wave application is very intuitive and there’s helpful advice all throughout the experience.
This is a very user friendly accounting tool which has the ability to make accounting tasks easy, secure and fast. FreshBooks is ideal for freelancers and small business owners, and is designed to make accounting tasks much easier and faster for everyone regardless of whether they’ve an accounting background or not. FreshBooks features include; report generation, integration with bank accounts, time tracking, payroll processing, and payment processing. Moreover, FreshBooks allows you to check if a certain client viewed your invoice. It is basically an all in one solution which handles everything from receipts to invoices, and anything else that requires number crunching.
Pulse is an accounting tool which allows freelancers to easily discern where their cash is going, where it is coming from, and allows one to import projects from tools such as Basecamp. This tool provides you with visual reports, multiple cash flow views, easy project organizer, among others. It also allows for easy file attachment, which means you can run multiple operations at a go.
This a free accounting tool which comes with very rich functionality, and it’s perfect for freelancers and small business owners. It has a smart dashboard which will keep you in the loop. Paymo offers time tracking, online billing, and also has a project management option which helps save time when it comes to managing the large scale projects. This tool will help you keep a much better track of your finances, and will enable you to better manage your money.