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With the ability to send unlimited, customizable invoices, payment reminders and proposals to clients, FreshBooks is the optimal solution for freelancers or solo entrepreneurs. It also lets you track time and billable hours so clients can see exactly what you’re charging for. We prefer Xero if you’re a larger business looking for more potent features, such as bank account reconciliation and Gusto payroll software. Xero also has robust file storage that lets you manage and share documents, bills, contracts and receipts on the cloud. Speaking of the cloud, both software earned a spot on our best cloud accounting software list.
$11.90 per month (on an annual basis) Unlimited invoicing, expense tracking and time tracking $11.90 per month (on an annual basis) Unlimited invoicing, expense tracking and time tracking Why We Picked It FreshBooks is a freelancer’s dream accounting software, as it comes with unlimited invoicing, estimates and time tracking. You can even set up recurring invoices each month, late payment reminders and scheduled late fees for overdue invoices. For tracking your expenses, FreshBooks’ base plan comes with mobile receipt scanning and bill line item capture. For more advanced features, such as accounts payable and accountant access, you’ll need to upgrade to a higher plan. Pros & ConsFreshBooks
Starting Price
Key features
Starting Price
Key features
Customized purchase orders, bill payment tracking and expense management Customized purchase orders, bill payment tracking and expense management Why We Picked It Xero is a powerhouse accounting software, with the ability to create and send purchase orders, quotes, invoices and more with a few clicks. The robust mobile app even lets you manage things on the go. You’ll also get inventory management, accounting reports and cloud file storage, all on the base plan. Plus, Xero integrates with over a thousand apps, meaning you can personalize your inventory, payroll, CRM or time-tracking experience however you’d like. Pros & ConsXero
Key features
Key features
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