Unless you pay annually, it's even costlier than QuickBooks Self-Employed-and it ’s hard to outrank QuickBooks ’ pricing. Zoho Books ’ cheapest paid plan ($15 a month when paid annually or $20 month by month) includes sales tax tracking and recurring invoices, two stand-out tools for freelancers who sell products or have multiple monthly expenses.Īpart from its free plan, though, Zoho Books is the most expensive self-employed accounting software on our list. It has more features than Wave, which is also free but lacks an accounting app, 1099 contractor management, a client portal, and mobile payment acceptance. (Pricier plans let you set automatic recurring bill payments too.) Like FreshBooks, Zoho Books includes a client portal so your customers can quickly approve estimates and pay invoices.įrankly, if you do make less than $50,000 a year, we can't recommend Zoho Books highly enough. Want accounting software that minimizes the amount of time you have to spend on finances? Zoho Books’ free plan-which is an option for freelancers and other sole proprietors who make less than $50,000 USD in annual revenue-includes automated recurring invoicing, expenses, and payment reminders. (All of our other top picks, including Wave and Zoho ’s free plan, include automatic bank reconciliation.) The cheapest plan also relies on single-entry accounting rather than double-entry, which is a less accurate system. You'll have to do all your bank reconciliation by hand, which creates more work for you while introducing a higher possibility of errors.

And sure, you can send those five clients an unlimited number of invoices each month-but that’s a perk only if you work on multiple projects with the same recurring customers.Īdditionally, FreshBooks' $15 plan doesn't include automatic bank reconciliation.

With the cheapest plan, you can invoice only five clients a month. For one, while your invoices are unlimited, your clients aren't. You can also schedule automated recurring invoices, send late payment reminders, and set automatic late fees to accrue on overdue invoices.įreshBooks has a few drawbacks, and they're pretty big. Unlike QuickBooks Self-Employed, FreshBooks’ invoices are customizable with your business’s name, colors, and logo. Once it transitioned into fully fledged accounting software, FreshBooks’ invoicing features remained the best of the best.

FreshBooks started out as an invoicing software company in the early ’00s.

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