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accountant for self employed

Sunrise is a good choice for freelancers and sole proprietors who need to track income and expenses and invoice customers. It might also appeal to small businesses that need double-entry accounting but not time tracking, robust reports, or full mobile access. If you’re looking for the most fully featured accounting software, Wave Accounting is a good bet. Wave includes expense tracking, sales tax customization, and bill payment reminders. And unlike some paid software, Wave doesn’t limit the number of clients you can invoice per month. But different free accounting options have different benefits, so we recommend looking over our list of the best free accounting software for small businesses to find the right one for you.

accountant for self employed

As a general rule, you will either pay a fee per service, or an hourly rate. A search for “small business accountant” will net thousands of results, and attempting to wade through them all would be a challenge. Start by crowdsourcing and asking other small business owners who they use and trust with their finances. Once you have several names, complete some internet research on their background and experience, and read any available reviews. An enrolled agent (EA) is a tax preparer who must pass a three-part series of tests called the Special Enrollment Examination that covers individual and business tax laws and representation issues. They have deep knowledge of tax issues and are enrolled to represent taxpayers before the IRS in the event of an audit.

Intuit QuickBooks Self-Employed

While no typical business structure exists for a self employed accountant, a limited liability company or limited liability partnership is common for new businesses that want to limit personal liability. Small Business Association can assist you in picking the best business structure, if you have not decided on one yet. You can also use the SBA website ( to find out the licenses and permits you need for the business in your state. This is another area where you don’t want to guess—and lose a reimbursable expense. If you are all about the miles and don’t need a heavyweight accounting service, you should definitely check out QuickBooks Self-Employed’s mobile app, which automatically logs your miles as you drive.

Stay updated on the latest products and services anytime anywhere. The five accounting software picks listed above are our favorites, hands down. But if you didn’t find your match, you aren’t out of options—our self-employment honorable mentions each have something to offer.

Best project management tools for individuals

Like their higher-end counterparts, these services for freelancers and contractors all use bank-grade security. Even the smallest of businesses need to keep themselves and their customers safe. Intuit QuickBooks Self-Employed goes one step further by offering two-factor authentication for its websites. You can also download your data (if you wait up to 45 days), but you can’t upload that data back onto the website again. Wave similarly lets you export transactions as XLS and CSV files and sales receipts in a ZIP file.

accountant for self employed

Since Wave uses accountant-approved, real double entry accounting, your accountant will have all the information they need. You can also email exported financial statements and reports directly from Wave. Since you are self-employed you don’t have the resources of a large company to make sure you are paid properly and your books are balanced. Wave accounting software is the solution you need to take charge of your business and keep your hard-earned income safe.

Run your business your way

Wave is cloud-based, so you can securely access your accounting software and your financial information anywhere you are – whether you are working in your pjs, or waiting for a meeting to start. You can also choose from Wave’s selection of free, beautifully designed invoice templates to make sure every touch point with your client instills confidence in your personal brand. QuickBooks Self-Employed can work for freelancers and solopreneurs, but its main selling point is its built-in mileage-tracking feature. If you don’t travel frequently for work, QuickBooks Self-Employed doesn’t have much to offer. Your financial needs are likely too complex for freelancing accounting software. Instead, read all about the best accounting software for small businesses.

Wave delivers an excellent free accounting service for independent contractors and freelancers on limited budgets. Its invoice creation and management tools are exceedingly capable, as are its transaction tracking and user experience. When you pay a professional to do your taxes, you are getting the added benefit of numerous other services, including accounting, record-keeping, tax consultation, and auditing. You can also hire an accountant who has a particular specialization, for example, if you own a small business or live abroad. Some professionals are generalists, but it is important to hire someone with a level of experience no matter what.


You’ll also experience peace of mind knowing your personal financial information is backed-up and secure. Keep your income flowing in with the help of flexible payment options, and money transfers in as little as two days. If tech support outside the regular 9 to accountant for self employed 5 is a must for you, try Sage. It’s one of the only accounting software companies with 24/7 customer service, and it starts at just $10 a month. Apart from its free plan, though, Zoho Books is the most expensive self-employed accounting software on our list.

Reporting options are limited in Wave Accounting, with only 12 reports available. You can export reports in a CSV format available for customizing if desired. One of the greatest benefits you can derive from using Xero is its ability to integrate with more than 700 apps in a variety of categories, which is a major plus for niche businesses. Reporting options in Xero are decent, and reporting options are continuing to improve after each product update. Xero is a good choice for self-employed individuals, as well as those with small and growing businesses.

If you choose to use the Professional plan, you’ll also have access to purchase orders, sales orders, inventory, and a client portal, where you can share documents and invoice clients directly. If you have more clients, you can opt for the Plus plan, which is $22.50/month. Both offer unlimited expense tracking and invoicing and include a mobile app for Android and iOS devices. Also available are the Premium plan, which is $45/month and supports up to 500 clients, and the Select plan with custom pricing for more than 500 clients.

If you want to work for yourself as an accountant, you can start your own business. As a self-employed accountant, you can set your own hours and your own pay rate, and take on as many clients as you want. Four of the five sites reviewed here follow double-entry bookkeeping rules.

Anything that involves protecting the business’s assets via information technology is your forte. As an internal auditor, you focus on the testing procedures given to you. You’ll look for any discrepancies and make recommendations based on your findings. 4.4 out of 5 stars based on user reviews collected by G2Crowd as of Spring 2022. We’ll find deductible business expenses that you didn’t know about and auto-categorized for your Schedule C. Receipts and expenses are stored, organized, and ready for when you need them.