![]() Many independent contractors rely on invoices for the majority of their income. ![]() If that describes you, look for bookkeeping software with automatic mileage tracking via a mobile app. Miles traveled for work is one key tax deduction for many freelancers. ![]() Look for bookkeeping software that organizes your business expenses by tax category to make end-of-year write-offs easier. Freelancers and other self-employed individuals qualify for many tax write-offs that can lower their overall tax payments. The best accounting software for freelancers should include accurate tax estimates, tax form guidance, and tax payment reminders. The federal government requires most freelancers to make quarterly tax payments on their estimated annual income. If you’re a freelancer, we recommend prioritizing the following features as you look for the right accounting software for you: But freelancers have unique bookkeeping needs that don’t always apply to other small-business owners, especially in terms of tax obligations. ![]() Both groups need to balance their books, track expenses, and get paid on time.
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