
Managing your finances as a freelancer can be challenging. But with the help of money management apps, you can easily keep track of your income, expenses, and taxes. Here are the top 5 money management apps for freelancers:
1. QuickBooks Self-Employed
QuickBooks Self-Employed is an all-in-one accounting and tax software designed for freelancers and independent contractors. It allows you to track your income and expenses, create and send invoices, and estimate your taxes. QuickBooks Self-Employed can be linked to your bank accounts and credit cards, making it easy to categorize your expenses. The app also offers automatic mileage tracking and receipts capture, which can save you a lot of time and hassle. Pricing starts at $15/mo.
2. FreshBooks
FreshBooks is a cloud-based accounting software that simplifies invoicing and expense tracking for small businesses and freelancers. You can use it to create professional-looking invoices and estimates, set up auto-payment reminders, and track time for specific projects. FreshBooks can also be integrated with popular payment gateways like PayPal and Stripe. The pricing starts at $15/mo.
3. HoneyBook
HoneyBook is a project management and invoicing software designed for creative professionals like photographers, designers, and copywriters. It lets you create custom proposals, contracts, and invoices, and track payments and expenses. You can also use HoneyBook to automate your workflow and collaborate with clients and team members. The pricing starts at $9/mo.
4. Expensify
Expensify is a powerful expense management app that helps you streamline your financial reporting. It allows you to scan your receipts, track your time and mileage, and integrate your credit card transactions. With Expensify, you can also set up approval workflows, policy enforcement, and reimbursement options. The app is free for individuals and offers a range of paid plans for businesses.
5. Wave Accounting
Wave Accounting is a free, cloud-based accounting software that provides a range of features for small business owners and freelancers. It offers invoicing, accounting, and receipt scanning, as well as credit card and bank account syncing. Wave Accounting also includes tools for payroll processing, tax filing, and bookkeeping, making it a comprehensive solution for managing your finances. However, some features like payment processing and customer support are paid.