Finding the Best Bookkeeping Software for Self-Employed Independent Contractors
As a self-employed independent contractor, particularly one classified as an LLC taxed as an S-Corp, keeping track of your finances can be challenging yet essential for effective business management. If you’re in a position similar to mine—offering healthcare services and receiving monthly compensation via 1099 forms—you might be wondering: what’s the easiest Bookkeeping software available that won’t complicate matters or break the bank?
The Ideal Solution for Simplified Bookkeeping
With my current setup, I run payroll through Gusto and handle just a few business expenses. My Bookkeeping needs are minimal; I primarily require a system that can manage my 1099s and track my expenses—nothing overly complex like invoicing, time tracking, or inventory management.
My goal is to identify a user-friendly bookkeeping solution that avoids the overwhelm of options like QuickBooks. Their Simple Start package, while functional, comes with a cost of around $35 per month, which feels excessive for my straightforward requirements.
Mobile Accessibility and Integration are Key
Another essential feature I’m looking for is a platform with a robust iOS application that allows for easy access on-the-go. Being able to link my bank and credit card accounts to enable automatic transaction imports would streamline my process significantly and reduce the time spent on manual entries.
Currently, I’m considering two popular options: Wave and Zoho Books. Both have their merits, but I’m keen to find out if one stands out as the optimal choice for my bookkeeping needs.
Looking for Recommendations
If you’ve had experiences with simple bookkeeping software or have suggestions tailored for independent contractors like myself, I welcome your feedback. Your insights could be incredibly helpful in guiding my decision!
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