Finding the Ideal Simple Bookkeeping Software for Independent Contractors

Are you a self-employed independent contractor navigating the world of Bookkeeping? If so, you might be in search of straightforward and user-friendly software that fits your specific needs, especially if your business structure is a Limited Liability Company (LLC) taxed as an S-Corporation.

As someone who currently provides healthcare services and receives payments exclusively through 1099 forms, I’ve encountered the same issue myself. After recently setting up payroll for myself through Gusto, I realized that my Bookkeeping requirements are quite minimal. I only have a handful of business expenses and receive monthly compensation, so I don’t need the complexity of robust Accounting Software designed for larger businesses.

What I’m Looking For

The ideal bookkeeping solution for me would be incredibly simple, avoiding the overwhelm of features I do not need. For instance, I don’t have inventory to track, nor do I need to manage invoicing or time tracking. My primary needs include organizing a few business expenses and managing the income I receive via 1099s.

Given my comfort with mobile technology, I prefer an option that predominantly operates through an iOS app. Additionally, I’d love to have the ability to link my bank and credit card accounts to allow transactions to flow seamlessly into the software. This would save me time and significantly simplify the record-keeping process.

Current Contenders: Wave vs. Zoho Books

At the moment, I’m considering two platforms: Wave and Zoho Books. Both promise ease of use and seem to cater to the requirements of someone in my position. However, I am particularly focused on avoiding monthly fees that can add up, like QuickBooks Simple Start’s $35/month charge.

Final Thoughts

Finding the right bookkeeping software doesn’t have to be complicated. By identifying basic needs and seeking out options that provide simplicity and affordability, you can streamline your financial management. If you’re also in a similar boat, I invite you to share your experiences and preferences. Your insights could be invaluable to other independent contractors seeking effective solutions!