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.

Title: Simplifying Bookkeeping for Independent Contractors: Finding the Right Software

Are you a self-employed independent contractor operating your business as an LLC taxed as an S-Corp? If you’re on the hunt for an easy-to-use Bookkeeping solution, you’ve come to the right place. As someone who runs a healthcare service and primarily receives 1099 compensation, your Bookkeeping needs are likely quite straightforward. Here’s what you need to consider in your quest for simplicity.

The Essentials of Your Bookkeeping Needs

Being an independent contractor means dealing with minimal financial complexities. You’re not managing inventory, sending out invoices, or tracking hours worked—just your occasional business expenses and incoming 1099s from the facilities you partner with. Given that your bookkeeping requirements are basic, investing in robust software like QuickBooks may feel excessive, especially with its subscription costs starting at $35 a month.

Ideal Features for Your Bookkeeping Software

When searching for suitable software, here are some features that are essential for your situation:

• User-Friendly Interface: You want something that doesn’t overwhelm you with options and is simple to navigate.
• iOS Compatibility: As a mobile user, having an app that allows you to manage transactions on your iPhone or iPad is crucial.
• Automated Transactions: The ability to link your bank and credit card accounts for seamless transaction flow can save you considerable time.
• Affordability: A low-cost option is ideal—after all, you want to keep expenses down while still getting the functionality you need.

Exploring Your Options: Wave vs Zoho Books

Currently, two popular solutions are piquing your interest: Wave and Zoho Books. Both platforms cater to users who need straightforward bookkeeping without all the complexities that larger software systems offer. Here’s a quick overview:

• Wave: Wave is well-known for its free offerings, allowing users to manage their finances without monthly fees. It’s a great option if you’re looking for basic tracking that covers your income and expenses seamlessly.

• Zoho Books: While Zoho Books does have a more extensive feature set, it also offers clear organization and solid support, making it worth considering for future scalability if your business needs evolve.

Conclusion

In the world of bookkeeping, simplicity is key for busy independent contractors like yourself. By focusing on user-friendly software with basic Accounting needs, you can ease the burden on yourself and your accountant. Both Wave and Zo