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Best Mac Accounting Software For Self Employed

by sumpconnaphsubdabe 2021. 3. 17.


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  • In special situations, other accounting solutions such as QuickBooks, Zoho Books, or Xero may be best, but for the average small self-employed business/sole-proprietor, Wave should have more than enough features and functionality.
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Best Overall: QuickBooks Pro 2017
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QuickBooks is offered by Intuit, a giant in the personal finance industry. It’s widened its scope to address small business needs as well, and it’s an extremely popular choice.

QuickBooks offers literally hundreds of templates for almost any report you could conceivably need. Invoicing? You got it. Accounts payable? Not a problem. Inventory? Check. Time tracking? Yes. QuickBooks will manage your contacts and handle tax issues, forms and returns. It will create a budget for you and do your payroll — although the payroll feature is an add-on that costs a little extra. QuickBooks does pretty much everything except drive you to work.

One downside and a common complaint from users is that its numerous features make it a complicated program to master. This wouldn’t be so bad if it offered solid customer support, but that’s not the case here. Phone support is available, but it’s not free.

You can buy the QuickBooks disc for a “one-time” cost or download the super-duper version for some more dough, but you’ll probably end up footing the bill for upgrades in future years (and the upgrades cost almost as much as the original software). And some of the software’s features and reports just aren’t necessary for small businesses, so you might end up with a lot you can’t use. QuickBooks Pro accommodates up to three users, but the second two will cost you extra, too. It’s only compatible with Windows.

Xero Cloud Accounting Software

Xero.com has tons of accounting features for a self-employed individual and beyond should your business grow. Log on and you'll see a dashboard with an overview of recent sales, bills that are coming due, and bank account balances. There are modules for inventory, paying bills, and contact management tools. You can create depreciation adjustments, or use the online collaboration to work with an accountant to get this done.

Xero offers many add-ons, but other than those for tracking time, most of the add-ons are more useful for businesses that are larger and not so much for the self-employed individual. There are over 25 financial reports included.

Self Employed Tax Software

Best

Quicken Software For Self Employed

The lowest cost option at $19 per month is very limited but adequate for many self-employed individuals who work on just one or two projects a month, with support for only five invoices, five bills and the ability to reconcile 20 bank statement items per month. The next level up costs $29 per month and supports hundreds of invoices, bills, and bank transactions. Add another $10 per month for multiple currency support.​

Money Works

  • Cost: $19 per month / $29 per month / $70 per month
  • License: Unlimited users
  • Free Trial: Endless, as long as you only create five invoices and bills, and have under 20 transactions in your bank account.
  • Mobile Apps: iPhone, Android