Bookkeeping For Freelancers – 6 Best Tools to Use (In 2023)

bookkeeping for freelancers - featured image

Bookkeeping is an accounting process that keeps tabs on the company’s daily financial transactions and inventory.

Bookkeeping for freelancers and self-employed individuals is also essential. It helps during an audit, assessment of your enterprise’s financial reports, and correct filing of taxes. It likewise gives you a clear vista of your business’s financial health.

Considering the volume of transactions meted out daily, manual bookkeeping becomes a thing of the past. With today’s rapid digital transformation, modern accounting solutions have become more accessible to everyone, including freelancers.

In this article, we’ll discuss some of the best bookkeeping tools available for small businesses and freelancers.


Benefits Freelancers Get from Digital Bookkeeping Software and Apps:

Using the abovementioned advantages as criteria, we present:


Bookkeeping For Freelancers – The 6 Best Best Tools Available:

1. QuickBooks Online

quickbooks landing page

QuickBooks is one of the most advised bookkeeping software for freelancers.

It helps you calculate accurate sales taxes without complications. You can also use it in filing tax returns, sending invoices, tracking miles, and performing other bookkeeping tasks.

Online pricing starts from $25 per month for a Simple Start and an extra $50 per month for essential additional features for three users. The price for five users is $80 per month, while the Advanced package for 25 users costs $180 a month.

QuickBooks’ Notable Functionalities:


2. Bonsai

bonsai landing page

It’s ironic that Bonsai seems to be named after miniature trees. How can an app named after something small deliver really big benefits? But it does!

Bonsai offers a complete business suite that covers every phase of business transactions – from proposal to project completion to accounting and tax filing and everything else in between. What’s more, they even provide templates for each business document that you would need to appear highly professional to your clients!

Their pricing starts at $24/month for the Starter Package, which is enough for freelancers and those who are at the early stage of their business ventures. It is followed by the Professional Package at $39/month with added features such as brand customization and workflow automation. Lastly, they have the Business Package for multiple users, which starts at $79/month.

Bonsai’s Notable Functionalities:


3. QuickBooks Self-Employed

quickbooks self employed landing page

QuickBooks Self-Employed is the best accounting software for freelancers who need specific jobs done easily.

This easy-to-use and inexpensive software let you track profits, file returns, and calculate quarterly tax payment estimates. It also offers convenience at your fingertips with the mobile app that helps you track mileage and save receipts.

QuickBooks Self-Employed costs just $15 per month for a user. The Tax Bundle helpful for most freelancers comes at $25 a month for a user.

Overall, it is an easy platform for freelancers to calculate and track their income and expenses and take care of tax returns. However, you can manage sales taxes or track assets with the software.

QuickBooks Self-Employed’s Notable Functionalities:


4. Zoho Books

zoho books landing page

Zoho Books is the best accounting software for simplifying bookkeeping tasks for freelancers and sole proprietors.

From tracking expenses and mileage to managing sales tax, it is extremely helpful and easy to use. It is also free for businesses with less than $50,000 in annual revenue.

The Standard membership costs $20, while the Professional membership costs $50. Premium membership costs $70 per month for an organization. You can also have 50 auto scans in a month for just $10 extra.

Zoho Books provides excellent customer support to freelancers. It is useful for creating transaction records and tracking mileage from pictures of receipts.

Zoho Books’ Notable Functionalities:


5. FreshBooks

freshbooks landing page

FreshBooks is a dedicated software tool designed for freelancers.

It was originally an invoicing software for self-employed people. Gradually, it has become an accounting or bookkeeping software for small businesses, freelancers, and sole proprietors.

With FreshBooks, you can easily track your expenses, bill them, and collect payments. Another thing worth mentioning is their stellar after-sales service.

It is an affordable accounting solution starting from just $15 per month to an expandable plan costing $25 per month. Such a measly amount for various useful features.

FreshBooks’ Notable Functionalities:


6. Sunrise

sunrise app landing page

Sunrise is one of the most recommendable free bookkeeping software for freelancers.

You can send recurring professional invoices, manage sales tax, and perform basic accounting operations at zero cost.

Sunrise Self-Service operates free of cost. You may also opt to subscribe to the Sunrise Plus package at $19.99 per month, which, of course, offers more useful features.

Sunrise’s Notable Functionalities:


To Sum Up

These are five of the finest and easiest-to-use bookkeeping software tools for freelancers. We picked them among hundreds of accounting software programs available.

According to reviews, QuickBooks is the most popular, while Zoho Books has the best features.

Overall, freelancers looking for specified purposes like simple income and expenses calculation and tax returns may benefit the most from QuickBooks Self-Employed or Bonsai. The latter provides everything a freelancer or a small business owner needs for their entire operation, including templates for all documents they would ever use.

Rafal Reyzer

Hey there, welcome to my blog! I'm a full-time blogger, educator, digital marketer, freelance writer, editor and content manager with 10+ years of experience. I started to provide you with great tools and strategies you can use to achieve freedom from 9 to 5 through online creativity. My site is a one-stop-shop for freelance writers, bloggers, publishers, content enthusiasts who want to be independent, earn more money and create beautiful things. Feel free to learn more about me here.