8 Accounting Softwares for Consultants and Independent Professionals

The system also ensures compliance for tax season, making it easy to file as an independent consultant. One downside we found is that it’s fairly pricey, with its base Simple Start plan being $30/month. Those requiring time tracking must upgrade to the Essentials plan at $60/month.

💰 Wave Accounting pricing

No matter the size of your company or its business sectors, compliance and efficiency is key. Accounting for Churches Keeping clean records and filing correct tax returns are essential tasks but can be very time-consuming. To allow you to focus on running your business, accounting software exists and has become a very popular option for small businesses. NetSuite is an enterprise resource planning (ERP) software that features different kinds of solutions for every aspect of a business.

How do I integrate my accounting software with other tools I use?

Reading user reviews and seeking recommendations from other consultants can provide valuable insights. We looked into specific features that are relevant to consulting firms, including the ability to record billable time, track income and expenses by project, and bill clients on hourly rates. Moreover, the mobile app could use some additional functionalities, like the ability to enter bill payments and assign expenses to projects. FreshBooks is overall easy to use, but we couldn’t award it full points for customer support because it’s difficult to find a local bookkeeper who is proficient with FreshBooks. Accracy’s bookkeepers do your monthly bookkeeping, and can even complete historical bookkeeping for those business owners who are behind on their books. Unlike some accounting software solutions, Accracy relies on its own proprietary software, rather than services such as QuickBooks.

Ensures compliance

• If this matters to you, you might want to consider QuickBooks Online, which has a vast network of QuickBooks ProAdvisors.
• We also couldn’t award a higher mark in ease of use and setup since Striven is not entry-level software, which means it requires an expert or someone with a background in using ERP solutions.
• The business and the consultant must try to establish and maintain open lines of communication.
• Consultants need to be aware of their tax obligations and financial reporting requirements, which can vary depending on their location and the nature of their business.
• It offers a variety of features including income and expense tracking, invoicing, and tax preparation.

The setup process is simple, allowing consultants to quickly connect their tax details and bank accounts. Wave is a fantastic choice for consultants, especially those just starting out or working with bookkeeping a tight budget. It’s excellent free accounting software that offers a lot of essential features without any cost. However, it’s important to note that AccountSight isn’t a complete accounting solution. It lacks essential bookkeeping features like bank reconciliation and income and expense tracking.

AccountingSuite – Best QuickBooks Competitor

Wave Accounting is a simple accounting solution for consultants who need to track only income and expenses. Its free bookkeeping for consultants plan is suitable for those with few clients and projects that don’t need complex tracking, especially if their engagements are fixed-fee since Wave can’t be used to track time. Consultants can create invoices, request and accept payments and capture receipts using the mobile app. Wave also features a user-friendly interface, with its point-and-click functionality making it easy for users inexperienced with accounting.