7 Best Accounting Products For The Self-Employed

The success of a self-employed person depends on so many things, including staying organized and knowing the ins and outs of one’s finances. But with so much to handle in a day’s work, it's understandable that accounting isn't always at the top of your priority list.

Thankfully, there are several great accounting software programs available today that make tracking expenses and maintaining accurate records easier than ever. In this blog post, we'll look at seven of the best accounting software options recommended by SaaSHub for self-employed individuals.

FreshBooks

Bookkeeping isn’t hard, but with FreshBook’s user-friendly, intuitive interface and features, you’ll be able to find it even easier. This software can simplify complex accounting tasks, such as bookkeeping and invoicing, which means less time crunching numbers and more time focusing on what matters: growing your business.

Plus, it's simple to use and provides amazing insights into cash flow performance. With FreshBooks, you can rest assured that all of your accounting needs are taken care of so that you can get back to doing what you do best.

Xero

Xero is another great option if you're a self-employed individual looking for accounting software to help you manage your finances. Used by businesses in more than 180 countries around the world, it supports multi-currency accounting. It also offers automated bank feeds so you can keep track of your cash flow easily, as well as invoicing, inventory tracking, and reporting capabilities.

Plus, its simple user interface makes it easy to quickly get up to speed with the accounting basics. With Xero, self-employed people have access to powerful accounting solutions that can help them better understand their business finances.

QuickBooks

With QuickBooks, you can easily keep track of all your finances, from income to expenses. QuickBooks makes it easy for self-employed people like you to stay organized so that you don’t have to worry about missing any accounting tasks or filings.

What’s more, accounting software provides plenty of helpful tools and resources to ensure that accounting processes are done correctly and according to regulations. Not only does QuickBooks save you time, but it also helps make sure that your accounting practices are accurate as well.

Sage Intacct

On the other hand, Sage Intact enables users to manage invoices, keep track of expenses, and gain deeper insight into their accounting data. The intuitive user interface makes it easy to navigate and use, so even those with little accounting knowledge can get up and running quickly.

On top of that, the cloud-based solution ensures data is backed up automatically and accessible from any device. And if you need a hand at any point, Sage Intact offers 24/7 customer support in case you need help while setting up or using the software. Sage Intact was created with self-employed people in mind, so it's the perfect fit for anyone wanting an accounting tool that suits their business needs.

GnuCash

Meanwhile, GnuCash accounting software provides self-employed individuals with a great way to analyze & track their financial activity. With its set of accounting functions, GnuCash makes getting control of your finances easier than ever. The ability to create customized income and expense reports can even help you quickly identify where your money is going. This allows you to make smart decisions about investments and other financial matters.

Furthermore, GnuCash accounting software offers a variety of business management tools such as budgeting, invoicing, and tracking expenses. By utilizing the features offered by this accounting software, you’ll gain greater insights into your financial situation, allowing you to make more informed choices for yourself and your business.

Mint

Alternatively, Mint makes managing expenses and tracking income easier than ever, giving users a holistic view of their finances. With this software, you can manage multiple accounts in one place, budget, and plan to reach your financial goals and access your account wherever you go.

You can also track all of your transactions in a secure environment, ensuring that your accounting data is safe and never compromised. There's even a free version available for those who have more basic accounting needs. Plus, the app is available on both Android and iOS devices.

Wave Financial

Finally, Wave Financial is great for self-employed folks who are looking for an easy and hassle-free way to do accounting. Its user-friendly platform is extremely intuitive and customizable, allowing you to track income and expenses, manage invoicing and payments, and more.

Whether you’re a contractor working with different clients or an entrepreneur running your own business, Wave Financial accounting software makes accounting simple. To top it off, it has additional features such as automated tax reports that can make a filing at the end of the year easier.

Wrapping Up

At the end of the day, accounting and bookkeeping are vital for any self-employed individual. Tracking your expenses and earnings is crucial to understanding whether or not you’re earning a profit.

The good news is that there are plenty of great accounting software options on the market today. If you’re still looking for the perfect fit, be sure to check out one of the seven options listed above.