When planning to start online freelancing as a career, most people don’t think about how they will manage the financial aspect of the job. This includes doing things such as creating & sending invoice for freelance work. And, how to keep track of client payments, and even filing your taxes. It does not matter what you will be doing to make money online because if you are dealing with money, you need to have a freelance billing software.
Best software for freelancers
Efficiency is one of the benefits of having an online business. And a freelance service billing software can help you to track your expenses. This can be very essential because you don’t have to waste your time going over every invoice for freelance work you make. Tracking your expenses also enables you to make better financial decisions. When choosing a freelance billing software there are some things which you should consider and some of them include its features. Ensure you select software that covers all the tasks you need. You should also ensure that the software is affordable, easy to use, and beginner friendly. The following are some of the best accounting software for online freelancers in the market today.
How to create an invoice for freelance work
Xero is one of the web-based accounting systems in 2019 because it gives you a clear view of your financial position. This makes it easier for you to know how your online freelancing career is going. Xero has one main feature, it has double-entry accounting. It is even ideal for big businesses because it has unlimited users, and it is very advanced. The fact that this software has over one million users shows its reliability and efficiency. Even though it is not free, it is worth investing in. The minor weakness about Xero is their customer service. It is average but looking at the bright side they outweigh the negative by far.
Unlike many other online freelancing accounting software in the market today, Wave is free and has amazing features. This is the ideal freelance billing software for beginners. Because it provides all the basic services you need. This include sending invoice for freelance work, processing payroll, and even scanning freelancer receipt for free. When starting your online freelancing career, you need to spend as little as you can because this is usually a very delicate period. Wave is also easy to use which is exactly what you need if you are not used to such software. Wave is one of the few full-fledge accounting software because you can balance your books using this elegant software. Some of the cons associated with Wave include having limited mobile apps and customer service.
FreshBooks is an amazing online freelancing accounting software with many exciting features. It allows you to send invoice for freelance work to multiple clients. This is good because you don’t have to keep on repeating the same process again. Not all clients are the same and once you venture into online freelancing you will notice this. Some clients are very punctual when it comes to making payments and others must be reminded all the time. With FreshBooks, you should not worry as it allows you to set up automated payment reminders. This software is, however, is not free but it is affordable. It also has different packages, all you must do is to choose the one you can afford and the one that suits your business.
AND CO is one of the most sought-after accounting software in 2019. It is easy to use, has good mobile application, outstanding customer service, and has great accounting features. With all the above advantages, it is easy to see why people love AND CO. One of the things that you should know before selecting this software is that it is not free to a freelancer with many clients. The only people who can use this freelance billing software for free are those with only one client. Some of the features present include time tracking, contracts, invoicing, expense tracking, and proposals. On the other side, you should expect lack of tax support and limited integrations.
QuickBooks Self-Employed is elegant accounting software. Some of the pros of using this software include; great user interface, excellent tax support, and has turbo tax integration. QuickBooks Self-Employed is not free but it is affordable. Some of the notable features available for this freelance billing software include invoicing for freelance work, expenses & income tracking. Fixed asset management, and separate business and personal expenses are also available.
Choosing the best service billing software
In conclusion, when you are looking for the best accounting software, you should rank them depending on factors such as its ability to track projects. Is it affordable and does it have time tracking ability? What about payments options it gives your clients and its general accounting capabilities?