Best Accounting Software For Freelancers in 2025

QuickBooks Self-Employed offers a comprehensive suite of features specifically designed for freelancers and independent contractors. It excels in tracking income and expenses, offering detailed reports, and providing accurate financial insights. QuickBooks integrates seamlessly with various banks and financial institutions. It also offers specialized features for mileage tracking and estimated tax calculations, important for anyone self-employed. The mobile app makes managing finances on the go convenient. While QuickBooks might be more expensive than other options, its robust features and scalability make it a strong long-term investment. It's well suited for freelancers of all sizes.

FreshBooks is designed with user-friendliness in mind, making it an excellent choice for freelancers for a basic accounting tool. The interface is intuitive, focusing on ease of use for invoicing, expense tracking, and time tracking. It simplifies the process of sending invoices and tracking payments. FreshBooks is focused on getting your invoices out the door and getting you paid.. The pricing is relatively competitive when comparing to its capabilities. The mobile app is well-designed and allows freelancers to manage their accounting from anywhere. It's a good fit for freelancers who prioritize easy invoicing.

Wave is a completely free accounting software designed for small business owners and freelancers. This makes it a great option for those on a budget. Wave offers basic expense tracking, invoicing, and reporting features without any monthly fees. Although the feature set is not as extensive as other options, it provides enough functionality for small or new freelancers. There are no limitations on the number of invoices or transactions, and offers unlimited bank connections. While the free plan isn't enough for businesses with complex financial needs, it is a solid choice for those who need the basics and want a free solution. However, paid options exist for payroll and payment processing.

Xero offers a robust accounting solution for small and growing businesses, also suitable for freelancers with more complex financial needs. It provides plenty of good features for financial reporting and detailed expense tracking, and a good user interface. Xero has integrations with a wide array of third-party applications, helping to streamline all areas of your business. Its features and its scalability make Xero a good option for freelancers who anticipate growth. Its comprehensive tools and advanced features may benefit experienced freelancers looking to develop their business accounting capabilities, but beginners may find the learning curve a bit steeper than other simpler options..

While primarily known as a project management and collaboration platform, Asana also provides invoicing and time-tracking capabilities, making it a versatile choice for freelancers who already use Asana for other aspects of project management. Asana allows the freelancer to integrate accounting tasks directly into project workflows. This can be advantageous if you want to manage everything using one platform. With invoice capabilities, it seamlessly integrates with time tracking for the overall efficiency. Its pricing caters to different business types. It lets you create invoices and link them with your projects, and lets you view your task-related finances and financial reports, which can enhance operational efficiency for freelancers who use it.