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 Ideal Simple Bookkeeping Software for Independent Contractors

As a self-employed independent contractor operating under an LLC taxed as an S-corp, managing your finances shouldn’t be a daunting task. If you’re in a similar situation, you probably have a straightforward income stream and a handful of expenses, but the complexity of traditional Bookkeeping software can often feel overwhelming.

I provide healthcare services and receive 1099 compensation from various facilities. My current payroll processing is handled through Gusto, and aside from that, the financial management tools I require are minimal. Unfortunately, robust solutions like QuickBooks can often feel excessive for my needs, presenting features I don’t utilize—no inventory management, invoicing, or time tracking.

What I’m specifically searching for is a simple, cost-effective Bookkeeping software that can streamline my Accounting process. QuickBooks Simple Start, while functional, comes with a price tag of $35 per month that doesn’t fit into my budget as a contractor who operates on a lean model. Ideally, I’d prefer software that is primarily accessible via an iOS app and is capable of syncing transactions directly from my bank and credit card accounts.

Currently, I’m considering two options: Wave and Zoho Books. Both claim to simplify financial management for independent contractors and small business owners, but I would like to dive deeper into their functionalities to determine which best meets my needs.

If you have suggestions based on your experiences or insights on what might be the most user-friendly and efficient tool for someone in my position, I’d greatly appreciate any recommendations. Your input can help many independent contractors like myself navigate our financial responsibilities with ease! Thank you!