Best Accounting Apps for Independent Contractors

When you work as an independent contractor, it is important to make every working minute count. Fortunately, there are hundreds of useful apps on the market today for independent contractors. If you want to save yourself a great deal of time, you need the best apps for accounting management, invoicing, tracking your time and tracking your expenses. These are five helpful apps that can save you both time and money.

QuickBooks Online

There is no need to run out and buy the latest version of QuickBooks and deal with installation and upgrades. QuickBooks Online has many of the features smaller businesses and independent contractors require. This makes it a cinch to use QuickBooks on the go. The program tracks income, expenses, payments and much more. There are plenty of niche-specific features you can choose from to make documentation and client account management a breeze. You can also sync your payments from Amazon, eBay, Etsy and other online vendors through QuickBooks. 

 

When it comes to keeping track of the time you spend on each project while you're juggling multiple commitments, the process can seem daunting. Hours Tracker makes it simple to track every minute you spend working for different clients. You can create a list of the clients you currently work with and log in and out for each one as needed.

The app tallies your hours and can also keep track of what you earn based on client-specific agreements. There is a free version of the app with limited features. 

InvoiceASAP

If creating invoices and sorting them normally takes you several hours to finish, this app will be your new best friend. Invoices can be created quickly and sent instantly through the app.

You can create estimates to send electronically to clients, and the app has the capability to attach signatures to specified documents. This eliminates a lot of hassle and paperwork for you and your clients. The app also has seamless reporting features that allow you to see your invoice data at a glance. You can accept payments and sync your cloud data from InvoiceASAP with QuickBooks Online or Quickbooks for PC. There is a free 30-day trial. If this app saves you money as it does for most users, you can keep it after that point for about $15 per month.

Xpense Tracker

This app makes it easy to track your business expenses and your mileage if driving is part of the work you do. The features can also be extended to your desktop if you work partially via a mobile device and partially at home on your PC. You can take photos of receipts, send them to the app, export them, sort them into categories for different clients and view your expense reports with the automatic reporting features. If you do not want your GPS to run constantly in the background and drain your battery faster, turn it off on the app when you're finished working for the day.

BillGuard

This is a great app for business and personal use.

You can keep track of your credit score and protect your identity. However, the best bonuses are the expense tracking and reporting features. This app shows your spending in a way that you have never seen it. You can learn better ways to save money and where to cut wasteful spending. Use the app to set new goals for yourself by trying to spend smarter. CNN Money rated it as one of the best money management apps, and PC Mag rated it as one of the best free apps.