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

As a self-employed independent contractor, especially one operating as an LLC taxed as an S-Corp, navigating the world of Bookkeeping can be overwhelming. Many professionals in similar situations often find themselves in search of straightforward and efficient Bookkeeping solutions that can accommodate their unique needs without the complexity of larger platforms like QuickBooks.

If you’re an independent contractor providing healthcare services and receiving monthly 1099 payments, you may be looking for a user-friendly bookkeeping software that helps you manage your finances with minimal hassle. The requirements here are quite simple: minimal expenses and straightforward income tracking—nothing more elaborate than that.

Key Requirements for Bookkeeping Software

1. Simplicity and Ease of Use: As you mentioned, complex systems like QuickBooks may be overkill for your situation. The ideal software should allow you to input basic 1099 income and track a few business expenses easily.

2. Mobile Functionality: Given the mobile nature of freelance work, a solution that provides robust iOS app support is crucial. This allows you to manage your finances on the go without having to rely solely on desktop access.

3. Bank and Credit Card Integration: A feature that automatically pulls in transactions from your bank and credit card accounts can save you significant time, ensuring that your bookkeeping is accurate without constant manual entry.

4. Affordability: With the aim to keep costs down, finding an affordable option—ideally well below $35 per month—is a priority for many independent contractors.

Options to Consider

Currently, you’re exploring Wave and Zoho Books, both of which are viable contenders in the realm of simple bookkeeping solutions. Here’s a brief overview of these options:

• Wave: Known for its completely free Accounting services, Wave offers invoicing, expense tracking, and reporting features. It’s an excellent choice for freelancers who need a basic yet effective way to manage their finances without the burden of subscription fees.

• Zoho Books: While slightly more complex than Wave, Zoho Books provides comprehensive bookkeeping tools and is still quite user-friendly. It has a monthly fee but offers a lot of flexibility in features, including expense management and bank reconciliation.

Conclusion

In summary, selecting the right bookkeeping software as a self-employed independent contractor doesn’t have to be a daunting task. By focusing on simplicity, mobile capability, transaction integration, and affordability, you can find a solution tailored to