What’s the most simple bookkeeping software for a self-employed independent contractor (LLC taxed as s-corp)? All I have are (few) expenses and monthly 1099 compensation.

Finding the Right Bookkeeping Software for Independent Contractors: A Simple Solution

As a self-employed independent contractor operating as an LLC taxed as an S Corporation, keeping track of your finances can be a daunting task—especially when your focus should be on providing services rather than managing a complex Bookkeeping system. If your financial scenario consists of minimal monthly transactions, such as 1099 income and a handful of business-related expenses, you might be in the market for straightforward and user-friendly Bookkeeping software.

As someone who provides healthcare services and manages payroll through Gusto, I’m on the lookout for a simple solution that streamlines financial management for my accountant and keeps things efficient for me. After sifting through various options, I quickly determined that platforms like QuickBooks were more than I needed; their extensive features simply complicate what could be a straightforward process.

My essential requirements are as follows:

1. Simplicity: I don’t require advanced features like inventory management, invoicing, or time tracking. My needs are basic—just recording a few transactions, 1099 income, and business expenses.

2. Affordability: Monthly fees can add up, so I’m searching for a budget-friendly option that doesn’t come with a $35 per month price tag like QuickBooks Simple Start.

3. Mobile Compatibility: A software solution that allows me to perform most tasks through an iOS app would be highly advantageous. Moreover, the ability to link my bank and credit card accounts for automatic transaction imports would save valuable time.

Currently, I’m evaluating two potential platforms: Wave and Zoho Books. Both seem to align well with my needs as a straightforward way to manage bookkeeping without overwhelming features.

If you have experience with either of these options or other recommendations for basic bookkeeping tools suitable for independent contractors, I would greatly appreciate your insights. Your thoughts could significantly aid my decision-making process as I aim to find the best solution for keeping my finances organized with ease. Thank you!