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Best Accounting Apps for Independent Contractors
Best Accounting Apps for Independent Contractors

The 5 Best Accounting Apps for Independent Contractors

As an independent contractor, you are treated as such by law, and as such must be responsible for taxes and other accounting activities.

The best accounting apps for independent contractor will help you manage all your accounting requirements smoothly.

This blog post will discuss the best accounting apps for independent contractors. We’ll cover a variety of different apps, and talk about the features that make them stand out from the competition. So, whether you’re looking for an app to help you track expenses or track your income, we’ve got you covered!

What are accounting apps?

What are accounting apps

Accounting apps are software that helps you manage your money. Can be used to track expenses, income and tax information. There are a variety of different accounting apps available, so it is important to choose one that best suits your needs.

What features should I look for in an accounting app?

When choosing an accounting app, it is important to consider the features that matter to you. Some of the features you may want to consider include:

  • Follow up on expenses
  • Income Tracking
  • Track tax information
  • Cloud-based or desktop application
  • Collaborative features (if you need to work with a partner or team)

Read about The 5 Best Payment Apps for Small Business.

The best accounting apps for independent contractors

best accounting apps

What should you look for in a small business accounting app?

In addition to determining whether or not any accounting software actually offers an app, you’ll also need to make sure that the app will work with your business.

So, when exploring the best accounting apps on our list, you’ll need to consider how each one of them will or may not meet your needs. To this end, we will evaluate each application in terms of user experience, capabilities, and cost.

1- QuickBooks Accounting App

As one of the most popular accounting software options on the market, it should come as no surprise that QuickBooks offers a mobile accounting app as part of their service.

How does the QuickBooks mobile accounting app best fit into the system’s features? Let’s find out.

Mobile Capabilities

Which QuickBooks capabilities will you be able to access through their accounting app?

Although you won’t be able to access all QuickBooks features through the app, you’ll still get important capabilities on the go including:

  • Reconciliation of bank account statements
  • Create and send professional invoices
  • Receipts
  • Attach receipts to expenses
  • Track and classify expenses
  • Access and email profit and loss statements, balance sheets, cash flow statements, and more than 50 other reports.
  • Create professional grades
  • Take and process mobile payments and record the respective transaction

2- Xero Accounting App

Although QuickBooks is one of the most popular solutions, you might be interested in trying one of QuickBooks’ competitors, such as Xero.

Xero also offers a small business accounting app with their software – making Xero another great option for business owners who want to access their business finances wherever they go.

However, let’s see exactly what the Xero app can do for your business.

Mobile Capabilities

So, what specific features does the Xero accounting app offer?

With this mobile tool, you will be able to:

  • Reconciliation of bank account statements
  • Expense Approval
  • Send professional invoices
  • Receipts
  • Attach receipts to expenses
  • Access, add and edit customer contacts
  • Give employees access to Xero mobile and control their permissions

3- FreshBooks Accounting App

As an accounting software known for its intuitive platform and ease of use, it should come as no surprise that FreshBooks has a place on our list of best accounting apps.

In fact, FreshBooks not only offers an accounting app but all of its platforms can be accessed via a mobile browser as well.

So, if you want to manage your business finances from your smartphone or tablet, you can consider FreshBooks.

For a limited time, FreshBooks is offering up to 60% off for six months on its Lite, Plus, and Premium plans when new users skip their free 30-day trial and choose to buy now.

mobile capabilities

With the FreshBooks app, you will be able to access a great deal of features that FreshBooks includes with web-based software.

FreshBooks mobile app allows you to:

  • Keep track of your billing hours
  • Reconciliation of bank account statements
  • Create and send professional invoices
  • Timely billing updates
  • Expense management
  • Receipts
  • Attach receipts to expenses
  • Chat with clients

4- Sage Accounting App

The next option on our list of the best business accounting apps is the Sage mobile app.

Although Sage may not have the same recognition as QuickBooks or Xero, Sage still offers some of the best small business tools available — including accounting software and a mobile app.

Let’s take a look at what Sage has to offer for accounting management via smartphone or tablet.

mobile capabilities

In addition to the smart digital assistant feature offered by Sage, their small business accounting app offers relatively straightforward features.

With the Sage Accounting app, you will be able to:

  • Reconciliation of bank account statements
  • Create and send professional invoices
  • Track and record income and expenses
  • Receipts
  • Attach receipts to expenses
  • Access account information
  • Track and manage unpaid and overdue bills
  • Update business contacts

5- Wave Accounting

Wave Accounting is one of the truly free accounting software options on the market. There is no monthly fee to use Wave, however, Wave offers great accounting capabilities.

However, unlike the apps on our list so far, Wave doesn’t offer a single mobile app that provides basic accounting functionality. Instead, Wave offers two apps that are compatible with free add-ons, Receipts and Invoices.

Both apps can be downloaded to your smartphone or tablet and automatically synced with your Wave account. However, it is inherently different from the other accounting apps on our list. Let’s explore receipts by wave first.

mobile capabilities

As mentioned, this Wave accounting app is specifically designed for capturing receipts – not any other accounting functionality.

With this app, you can scan paper receipts, review information, and sync with your Wave account.

Conclusion

Accounting is an important part of any business, and independent contractors need to manage their finances as well. We hope this article provided information about some accounting apps that can help you with this task!

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