Managing expenses can be tough, especially if you’re self-employed. Fortunately, there are many apps designed to help you keep track of your spending, making it easier to manage your finances. In this article, we’ll explore the best expense tracking apps for self-employed individuals in 2024. These tools can help you save time, stay organized, and make tax season less stressful.
Key Takeaways
- Expense tracking apps help you manage your money better.
- Most apps allow you to scan receipts and track spending easily.
- Many of these tools offer features like mileage tracking and expense reports.
- Using these apps can save you time and make tax preparation easier.
- Choosing the right app depends on your specific needs and budget.
1. Easy Expense
Easy Expense is a top choice for self-employed individuals looking to manage their finances effectively. This app simplifies expense tracking with its user-friendly design and powerful features. Here’s what makes it stand out:
Key Features
- Automated Expense Tracking: Connect your bank accounts to automatically track expenses.
- Mileage Tracking: Use GPS to log your travel automatically.
- Detailed Reports: Generate reports for easy tax filing and reimbursements.
Pros and Cons
Pros:
- Easy to use interface for quick logging of expenses.
- Instant receipt scanning saves time.
- Customizable categories and vendors for better organization.
Cons:
- Limited features on the web app.
- No odometer tracking for mileage.
Pricing
- Free Plan: Unlimited manual expense tracking for solo users.
- Individual Plan: $74/year for more features.
- Team Plan: $144/year for up to 5 users.
Easy Expense is designed to help self-employed individuals keep track of their profit and loss efficiently. It’s a great tool for anyone wanting to stay organized and maximize their tax deductions.
2. QuickBooks Online
QuickBooks Online is a powerful tool for managing finances, especially for small businesses and self-employed individuals. It offers a range of features that help users track expenses and manage their finances effectively.
Key Features
- Invoicing: Create and send invoices easily.
- Expense Tracking: Automatically syncs with bank accounts and credit cards to track expenses.
- Tax Preparation: Helps users prepare for tax season by organizing financial data.
Pricing
| Plan | Monthly Cost | Features Included |
|---|---|---|
| Simple Start | $35 | 1 user, invoicing, expense tracking |
| Essentials | $65 | Up to 3 users, bill management |
| Plus | $99 | Up to 5 users, project tracking |
| Advanced | $235 | Up to 25 users, advanced analytics |
Pros and Cons
Pros:
- User-friendly interface for tracking expenses.
- Offers a 30-day free trial.
- Integrates with over 650 business apps.
Cons:
- Monthly fees can be high for some users.
- Some users report glitches in the app.
QuickBooks Online is ideal for those who want a comprehensive solution for managing their business finances. It provides tools that help users stay organized and informed about their financial health.
Overall, QuickBooks Online stands out as a top choice for self-employed individuals looking for an all-in-one accounting solution. Its ability to sync with bank accounts and track expenses automatically makes it a valuable asset for managing finances efficiently. Users can also benefit from its detailed reporting features, which help in understanding spending patterns and making informed decisions. This software is a great fit for those who need robust financial management tools.
3. Expensify
Expensify is a powerful tool for tracking expenses, especially for self-employed individuals. It offers features like receipt scanning and mileage tracking, making expense management easier. With its user-friendly interface, users can quickly log their expenses and keep everything organized.
Key Features
- SmartScan: This feature extracts important details from receipts, such as the vendor, date, and total amount.
- Approval Workflows: Users can set up approval processes for expense reports, ensuring everything is reviewed before reimbursement.
- Business Credit Card: Track spending in real-time and earn cashback on business purchases.
Pros and Cons
Pros:
- Accurate Receipt Tracking: If the app can’t read a receipt, it will flag it for manual review.
- Multiple Approvers: Allows several users to approve expense reports, making it easier for teams.
- Cashback Offers: Users can earn up to 4% cashback with the Expensify card.
Cons:
- Time-Consuming Scanning: Scanning receipts can take a few minutes, which may slow down the process.
- Locked Reports: Once a report is sent, it can’t be edited, which can be inconvenient.
- No Overall Summaries: Users can’t view a summary of all expenses in one place.
Pricing
Expensify offers a free plan that includes basic expense tracking and invoicing. For those needing more features, here’s a quick look at the pricing:
| Plan Type | Cost per Month | Features Included |
|---|---|---|
| Free | $0 | 25 SmartScans |
| Individual | $5 | Unlimited SmartScans, Mileage Tracking |
| Group (Collect) | $5/user | Automates receipt collection |
| Group (Control) | $9/user | Manages approval workflows |
Expensify is designed to help users save time and manage expenses efficiently, making it a top choice for self-employed individuals.
4. Everlance
Everlance is a fantastic app for those who drive a lot for work, especially for gig workers like Uber or DoorDash drivers. It automatically tracks your mileage and expenses, making it easier to keep everything organized.
Key Features
- Automatic Trip Tracking: Everlance records your trips without you having to do anything.
- Unlimited Receipt Uploads: You can upload as many receipts as you want, even on the free plan.
- Deduction Finder: This unique feature scans your expenses to find potential tax deductions.
Pros and Cons
Pros:
- Separate plans for businesses and freelancers.
- Easy to use with a simple interface.
- Downloadable reports for tax time.
Cons:
- Limited to 30 automatically tracked trips per month on the free plan.
- Focus is mainly on mileage tracking.
- Only supports USD.
Everlance is perfect for anyone looking to simplify their expense tracking, especially if they want to maximize their tax deductions.
In summary, Everlance is a great choice for self-employed individuals who want to keep track of their driving and expenses without the hassle. It’s user-friendly and offers valuable features that can save time and money.
5. Zoho Expense
Zoho Expense is a powerful tool designed to help self-employed individuals manage their business expenses effectively. This app is particularly great for tracking travel expenses. It allows users to record transactions on the go, making it easier to keep everything organized.
Key Features
- Travel Expense Management: Users can track expenses before and after their trips.
- Advanced Payments: Record early payments for invoices.
- Approval Flows: Get reports approved for reimbursement quickly.
Pros and Cons
| Pros | Cons |
|---|---|
| Detailed travel reports | Limited mobile app features |
| Line item categorization | Reports only export to internal users |
| Automated expense reporting | Basic expense summaries |
Pricing
Zoho Expense offers a free plan that includes:
- 20 receipt scans per month
- Limited expense tracking
For more features, subscription plans start at $5 per user per month.
Zoho Expense is ideal for small businesses or freelancers looking for a budget-friendly way to track expenses. It helps users stay organized and ensures they don’t miss out on important self-employed tax write-offs.
6. PocketGuard
PocketGuard is a smart app designed to help users manage their finances easily. It shows how much money you can spend after accounting for bills, goals, and necessities. This feature helps users avoid overspending and stay on track with their budgets.
Key Features
- Simple Interface: The app is user-friendly, making it easy for anyone to navigate.
- Budgeting Tools: Users can set budgets for different categories like groceries, entertainment, and more.
- Automatic Updates: PocketGuard links to bank accounts to automatically track spending.
Pricing Plans
| Plan Type | Monthly Cost | Features Included |
|---|---|---|
| Free | $0 | Basic budgeting and tracking |
| Plus | $4.99 | Advanced features and unlimited categories |
| Premium | $7.99 | All features plus priority support |
Pros and Cons
Pros:
- Easy to use for beginners.
- Helps users save money by showing available spending.
- Links to multiple bank accounts for real-time tracking.
Cons:
- Some users report occasional syncing issues.
- Limited features in the free version.
PocketGuard is a great tool for anyone looking to keep their spending in check and save money effortlessly. It’s especially useful for self-employed individuals who need to manage their finances closely.
Overall, PocketGuard stands out as a reliable choice for those wanting to simplify their expense tracking and budgeting process. It’s a solid option for self-employed individuals aiming to maintain financial health while managing their business expenses.
7. Hurdlr
Hurdlr is a fantastic app for self-employed individuals and freelancers looking to manage their expenses effectively. It offers powerful features for tracking expenses without any cost. This app is designed to help users keep their finances organized and make tax time easier.
Key Features:
- Easy Receipt Scanning: Users can quickly scan receipts using their phone camera.
- Mileage Tracking: Automatically tracks mileage for business trips, which can lead to significant tax deductions.
- Expense Management: Users can categorize expenses and view reports to understand their spending better.
Pros and Cons:
| Pros | Cons |
|---|---|
| Free plan available | Limited to three users on free plan |
| Integrates with major accounting solutions | Max of five receipts per expense |
| Custom expense rules | Only scans JPEG, PNG, and PDF files |
Hurdlr is especially useful for those who want to streamline their financial management and stay compliant with tax regulations. By using this app, users can automate many tasks, making it easier to focus on their business.
In summary, Hurdlr is a great choice for self-employed individuals who want to track their expenses efficiently and save time during tax season. Its user-friendly interface and powerful features make it a top contender in the expense tracking app market.
8. Shoeboxed
Shoeboxed is a top choice for those who need to manage their receipts easily. This app is perfect for scanning and organizing paper receipts. Users can send in their receipts using a special envelope, and Shoeboxed will handle the scanning and digitizing process. This feature is especially useful for anyone who has a pile of receipts to sort through at tax time.
Key Features:
- Unlimited file storage: Keep all your receipts without worrying about space.
- Human-verified data: Ensures accuracy in your expense reports.
- Auto-import receipts from Gmail: Saves time by pulling in receipts directly from your email.
Pros and Cons:
| Pros | Cons |
|---|---|
| Unlimited users | Max of 300 receipts per month |
| Easy to use | No workflow approval tools |
| Great for paper receipts | No reimbursement options |
Who Should Use It:
Shoeboxed is ideal for small business owners or freelancers who want to keep their expenses organized without the hassle of manual entry. It’s especially beneficial for those with a lot of paper receipts that need to be digitized.
Shoeboxed makes it simple to turn your paper receipts into digital records, meeting IRS standards for audits.
In summary, Shoeboxed is a reliable app for anyone looking to streamline their expense tracking process, especially if they deal with a lot of physical receipts. It’s a smart choice for self-employed individuals who want to keep their finances in check without the stress of managing piles of paper.
9. Harvest
Harvest is a popular app for tracking expenses and time, especially for freelancers and small business owners. It helps users keep their finances organized and simplifies the billing process. With Harvest, users can easily log their expenses and time spent on projects, making it a great tool for those who need to bill clients accurately.
Key Features
- Time Tracking: Users can track hours worked on different projects.
- Expense Tracking: Easily log expenses with just a few taps.
- Invoicing: Create and send invoices directly from the app.
Pros and Cons
| Pros | Cons |
|---|---|
| User-friendly interface | Limited free version |
| Integrates with other tools | Some features require payment |
| Good customer support | May not suit larger businesses |
Harvest is designed to make financial management easier for self-employed individuals. By keeping everything in one place, it reduces the stress of managing multiple financial tasks.
10. FreshBooks
FreshBooks is a top choice for self-employed individuals looking to manage their expenses easily. It offers a user-friendly interface that makes tracking expenses a breeze. With FreshBooks, users can connect their bank accounts and credit cards, allowing for automatic updates of expenses. This means less time spent on manual entry and more time focusing on work.
Key Features
- Expense Tracking: Automatically categorize expenses into 14 default categories and over 40 subcategories.
- Invoicing: Easily mark expenses as billable and include them in invoices sent to clients.
- Mobile Access: The app is available on web, iOS, and Android, making it easy to track expenses on the go.
Pricing Plans
| Plan | Monthly Cost | Billable Clients | Special Offer |
|---|---|---|---|
| Lite | $19 | 5 | $9.50 for 4 months |
| Plus | $33 | 50 | $19 for 4 months |
| Premium | $60 | Unlimited | $36 for 4 months |
Pros and Cons
Pros:
- Affordable for freelancers and small teams.
- Automatically categorizes expenses, simplifying tax season.
- Allows receipt uploads via photo or email.
Cons:
- Additional costs for extra team members.
- Lacks some advanced features found in other software.
FreshBooks is designed to help freelancers and self-employed individuals keep their finances organized without the hassle. Its features make it a great tool for anyone looking to streamline their expense tracking process.
11. Certify
Certify is a powerful tool for managing expenses, especially for businesses with many virtual expenses. It offers a 14-day free trial, making it easy to test out its features. After the trial, the pricing starts at $12 per user per month for small teams.
Key Features:
- ReceiptParse® Technology: Users can take a photo of their receipts, and Certify will automatically extract important details like location and date.
- Integration Options: Certify connects with popular platforms like QuickBooks and Oracle NetSuite, making it easier to sync financial data.
- Security: The app uses strong security measures, including data encryption, to keep your information safe.
Pros and Cons:
- Pros:
- Cons:
Certify is best suited for companies that handle a lot of virtual expenses, as it allows for easy tracking and management of costs.
Overall, Certify stands out for its automation and integration capabilities, making it a solid choice for self-employed individuals and small businesses looking to streamline their expense tracking.
12. SAP Concur Expense
SAP Concur Expense is a powerful tool designed for businesses that want to manage their expenses effectively. This app is especially useful for self-employed individuals and small businesses. It offers a range of features that help users track their spending and streamline their expense reporting.
Key Features
- Automated Expense Capture: Users can easily upload receipts and track expenses on the go.
- Customizable Policies: Businesses can create personalized travel and expense policies by answering a few simple questions.
- Integration with Other Systems: SAP Concur can connect with popular accounting software like QuickBooks and ADP.
Pricing
| Plan Type | Cost per Month | Free Trial |
|---|---|---|
| Basic | $83 | 30 days |
| Per Employee | ~$8 | 30 days |
Pros and Cons
Pros:
- Works well with other SAP products.
- Offers discounts on travel-related services.
- Users can book and expense travel within the app.
Cons:
- The interface may not be as user-friendly as some competitors.
- Entering expense reports can take time.
- Staff may need training to use all features effectively.
SAP Concur Expense is a great choice for businesses looking to simplify their expense tracking. It helps users understand self-employed tax credits and maximize their deductions effectively.
In summary, SAP Concur Expense is a robust solution for managing expenses, especially for those who need a customizable approach. It combines ease of use with powerful features, making it a top choice for self-employed individuals and small businesses alike.
13. Xero
Xero is a powerful tool for self-employed individuals looking to manage their expenses effectively. It offers a user-friendly interface that simplifies tracking and reporting. With Xero, users can easily categorize expenses, generate reports, and even connect their bank accounts for automatic updates.
Key Features
- Expense Tracking: Users can record expenses on the go, making it easy to keep everything organized.
- Invoicing: Create and send invoices directly from the app, helping to streamline cash flow.
- Reporting: Generate detailed reports to understand spending habits and make informed financial decisions.
Pros
- User-Friendly: The app is designed to be intuitive, making it accessible for everyone.
- Integration: Xero connects with various other apps, enhancing its functionality.
- Mobile Access: Users can manage their finances from anywhere, thanks to the mobile app.
Pricing
| Plan Type | Monthly Cost | Features Included |
|---|---|---|
| Starter | $12 | Basic features |
| Standard | $34 | Advanced features |
| Premium | $65 | All features |
Xero is ideal for freelancers and small business owners who want a comprehensive solution for expense management. It helps users stay organized and on top of their finances, making tax season much easier.
Overall, Xero stands out as a top choice for self-employed individuals looking for a reliable expense tracking app. Its combination of features and ease of use makes it a valuable tool in managing finances effectively. Expense tracking has never been simpler!
14. Wave Accounting
Wave Accounting is a great choice for self-employed individuals and small businesses. It offers accounting and invoicing software for free, making it a solid option for those on a tight budget. Users can easily manage their finances without worrying about monthly fees.
Key Features
- Free Accounting Software: Wave provides essential accounting tools at no cost.
- Invoicing: Create and send professional invoices quickly.
- Expense Tracking: Easily track expenses and categorize them for better organization.
Pros and Cons
| Pros | Cons |
|---|---|
| Free to use | Limited customer support |
| User-friendly interface | Some features require payment |
| Integrates with bank accounts | Not ideal for larger businesses |
Wave Accounting is perfect for freelancers and small business owners who want to keep their finances organized without spending a lot of money.
In summary, Wave Accounting stands out for its free services and user-friendly design, making it a top choice for those looking to manage their expenses effectively. Its simplicity and essential features make it accessible for everyone, especially those just starting out in their business journey.
15. Kashoo
Kashoo is a user-friendly expense tracking app designed for small business owners and freelancers. It simplifies the process of managing finances by allowing users to track expenses, create invoices, and generate reports all in one place.
Key Features
- Easy Expense Tracking: Users can quickly log expenses using their mobile devices or web browser.
- Invoicing Made Simple: Create and send invoices directly from the app, making billing straightforward.
- Real-Time Reports: Generate financial reports to keep track of income and expenses effortlessly.
Pricing Plans
| Plan Type | Monthly Cost | Features Included |
|---|---|---|
| Basic | $19 | Expense tracking, invoicing, reports |
| Pro | $29 | All basic features + multi-user access |
| Premium | $49 | All pro features + advanced reporting |
Kashoo is particularly beneficial for those who want to keep their finances organized without the hassle of complicated software.
Kashoo stands out as a great choice for self-employed individuals looking for a straightforward solution to manage their expenses and invoices.
In summary, Kashoo offers a blend of simplicity and functionality, making it a solid option for anyone needing to track their business expenses effectively. Its user-friendly interface and essential features make it a top contender in the expense tracking app market.
16. Neat
Neat is a fantastic app for self-employed individuals looking to keep their finances organized. It simplifies expense tracking by allowing users to scan receipts and categorize expenses easily. This app is especially useful for freelancers and small business owners who need to manage their finances efficiently.
Key Features
- Automated Expense Tracking: Neat connects to bank accounts to track expenses automatically.
- Receipt Scanning: Users can take pictures of receipts, and the app will extract the necessary information.
- Cloud Storage: All data is stored securely in the cloud, making it accessible from anywhere.
Pros and Cons
Pros:
- User-friendly interface that is easy to navigate.
- Great for tracking both personal and business expenses.
- Offers excellent customer support.
Cons:
- Some users report occasional glitches in the app.
- The pricing can be a bit high for some users.
Neat is designed to help users save time and reduce stress when managing their finances. Its features make it a valuable tool for anyone who wants to stay organized.
Pricing Plans
| Plan Type | Monthly Cost | Features Included |
|---|---|---|
| Basic | $10 | Receipt scanning, expense tracking |
| Pro | $20 | All basic features + advanced reporting |
| Business | $30 | All pro features + team collaboration |
In summary, Neat is a solid choice for self-employed individuals who want to streamline their expense tracking process. Its combination of features and ease of use makes it stand out in the crowded market of expense tracking apps.
17. TaxSlayer
TaxSlayer is a solid choice for self-employed individuals looking to manage their expenses effectively. Its features, interface, and support options are comparable with those offered by providers charging more money. This app is designed to simplify the process of tracking expenses and preparing taxes, making it a favorite among freelancers and small business owners.
Key Features
- User-Friendly Interface: TaxSlayer is easy to navigate, even for those who are not tech-savvy.
- Expense Tracking: Users can link their bank accounts and credit cards for automatic expense tracking.
- Tax Preparation: The app helps in preparing taxes, ensuring that users don’t miss out on deductions.
Pricing Plans
| Plan Type | Monthly Cost | Key Features |
|---|---|---|
| Basic | $24.99 | Basic expense tracking and tax prep |
| Premium | $39.99 | Advanced features and priority support |
| Business | $59.99 | Full business expense tracking |
Pros and Cons
- Pros:
- Cons:
TaxSlayer is a great option for those who want a reliable and cost-effective way to manage their expenses and taxes. It’s especially beneficial for self-employed individuals who need to keep track of their finances efficiently.
18. Mint
Mint is a popular app that helps users manage their finances easily. It’s great for tracking expenses and budgeting. This app connects to bank accounts and credit cards, making it simple to see where money is going.
Key Features
- User-Friendly Interface: Mint is designed to be easy to use, even for beginners.
- Expense Categorization: It automatically sorts expenses into categories, helping users understand their spending habits.
- Budgeting Tools: Users can set budgets for different categories and track their progress.
Pros and Cons
| Pros | Cons |
|---|---|
| Free to use | Ads can be distracting |
| Syncs with bank accounts | Limited customer support |
| Offers credit score tracking | Some features require a fee |
Mint is a solid choice for anyone looking to keep their finances organized without spending a lot of money. It’s especially useful for self-employed individuals who need to track expenses for tax purposes.
Overall, Mint stands out as a reliable tool for managing personal finances and is a great option for those who want to keep their expenses in check.
19. GoodBudget
GoodBudget is a popular app for tracking expenses, especially for those who are self-employed. It helps users manage their money effectively by using a simple envelope budgeting system. This app is designed to make budgeting easy and accessible for everyone.
Key Features
- Envelope Budgeting: Users can create virtual envelopes for different spending categories.
- Sync Across Devices: GoodBudget allows users to access their budget from multiple devices, making it easy to stay updated.
- Expense Tracking: Users can log their expenses quickly and see where their money is going.
Pros and Cons
| Pros | Cons |
|---|---|
| User-friendly interface | Limited features in the free version |
| Great for cash-based budgeting | No bank syncing available |
| Helps visualize spending | Requires manual entry for expenses |
GoodBudget is a great tool for anyone looking to take control of their finances. It’s especially useful for self-employed individuals who need to keep track of their spending and savings effectively.
In summary, GoodBudget is a solid choice for those who prefer a straightforward approach to budgeting. It’s easy to use and can help users stay organized with their finances, making it a valuable tool for self-employed individuals.
20. YNAB
YNAB, or You Need A Budget, is a popular app designed to help users manage their money effectively. This app is especially useful for self-employed individuals who need to keep track of their expenses and income. YNAB encourages users to allocate every dollar they earn to specific expenses, which helps in maintaining a clear financial picture.
Key Features of YNAB:
- Real-Time Tracking: Users can update their expenses as they occur, ensuring they always know where their money is going.
- Goal Setting: YNAB allows users to set financial goals, making it easier to save for future expenses.
- Educational Resources: The app offers various tutorials and workshops to help users understand budgeting better.
Pricing Plans:
| Plan Type | Monthly Cost | Features Included |
|---|---|---|
| Basic | $11.99 | All features, unlimited accounts |
| Annual | $84 | All features, unlimited accounts, 2 months free |
YNAB is not just an app; it’s a budgeting philosophy that helps users take control of their finances.
In summary, YNAB is a powerful tool for anyone looking to manage their finances better. It’s particularly beneficial for self-employed individuals who need to keep track of their expenses and income effectively. With its focus on real-time tracking and goal setting, YNAB can help users avoid common pitfalls in budgeting and financial management.
Overall, YNAB stands out as a top choice for those seeking to improve their financial habits and maintain a clear view of their spending.
21. Personal Capital
Personal Capital is a powerful tool for self-employed individuals looking to manage their finances effectively. This app combines expense tracking with investment management, making it a unique choice for those who want to keep an eye on both spending and savings.
Key Features:
- Budgeting Tools: Users can set budgets and track their spending in real-time.
- Investment Tracking: It provides insights into investment performance and asset allocation.
- Retirement Planning: The app helps users plan for retirement by analyzing their current savings and future needs.
Benefits of Using Personal Capital:
- Comprehensive Overview: Users can see all their financial accounts in one place.
- User-Friendly Interface: The app is easy to navigate, making it accessible for everyone.
- Free Financial Tools: Many features are available at no cost, which is great for self-employed individuals.
| Feature | Description |
|---|---|
| Budgeting | Set and track budgets easily |
| Investment Analysis | Monitor and analyze investment performance |
| Retirement Planner | Tools to help plan for retirement effectively |
Personal Capital is not just about tracking expenses; it’s about understanding your entire financial picture. This makes it a top choice for those who want to manage their money wisely.
In summary, Personal Capital stands out as one of the best budgeting apps of October 2024. It offers a blend of expense tracking and investment management, making it ideal for self-employed individuals who want to keep their finances organized and efficient.
22. Clarity Money
Clarity Money is a great tool for self-employed individuals looking to manage their finances effectively. This app helps users track their spending and save money effortlessly. It offers a simple interface that makes budgeting easy, even for those who are not tech-savvy.
Key Features
- Budgeting Tools: Users can set budgets for different categories and monitor their spending.
- Expense Tracking: Clarity Money automatically tracks expenses by linking to bank accounts.
- Savings Goals: The app allows users to set savings goals and provides insights on how to reach them.
Pros and Cons
| Pros | Cons |
|---|---|
| User-friendly interface | Limited investment tracking |
| Automatic expense categorization | Some features require a fee |
| Helps identify subscriptions | May not sync with all banks |
Clarity Money is designed to simplify financial management, making it easier for users to stay on top of their expenses and savings.
In summary, Clarity Money is a solid choice for self-employed individuals who want to keep their finances organized without the hassle. Its free spending tracker app keeps budgeting simple, allowing users to manually enter their income and list their expenditures easily. This makes it a top pick for those looking to manage their finances in 2024!
23. Prism
Prism is a handy app designed to help users manage their expenses effectively. It allows users to see all their bills and accounts in one place. This makes it easier for self-employed individuals to keep track of their finances without feeling overwhelmed.
Key Features
- Bill Tracking: Users can link their bills and accounts, so they never miss a payment.
- Budgeting Tools: Prism helps users set budgets and track their spending.
- Payment Reminders: The app sends notifications to remind users of upcoming bills.
Pros and Cons
| Pros | Cons |
|---|---|
| Easy to use | Limited investment tracking |
| Free to download | No direct expense reporting |
| User-friendly interface | May not support all banks |
Prism is especially useful for those who want to simplify their financial management. By keeping everything organized, users can focus on growing their business instead of stressing over bills.
24. Tiller Money
Tiller Money is a unique app that helps users manage their finances through spreadsheets. It automatically updates your financial data, making tracking expenses easier. This app is perfect for those who prefer a more hands-on approach to budgeting and expense tracking.
Key Features:
- Automatic Updates: Tiller pulls in your bank transactions and updates your spreadsheets automatically.
- Customizable Templates: Users can create their own templates to fit their specific needs.
- Integration with Google Sheets: This allows for easy access and sharing of financial data.
Benefits of Using Tiller Money:
- User-Friendly: Even those who are not tech-savvy can navigate the app easily.
- Flexible Tracking: Users can track expenses, income, and savings in one place.
- Real-Time Data: Get up-to-date information on your finances without manual entry.
Tiller Money is a great choice for self-employed individuals who want to keep their finances organized and accessible. It combines the power of spreadsheets with the convenience of automation, making it a valuable tool for managing expenses.
With Tiller, self-employed users can simplify their financial management and focus more on growing their business. This app is especially useful for those who want to maximize their deductions during tax season.
Overall, Tiller Money stands out as a top choice for anyone looking to take control of their finances efficiently.
25. And More
Additional Options for Expense Tracking
While the apps mentioned earlier are some of the best, there are many more options available that can help self-employed individuals manage their finances effectively. Here are a few notable mentions:
- Kashoo: This app is known for its simplicity and ease of use, making it a great choice for those who want to track expenses without a steep learning curve.
- Neat: Perfect for those who prefer a more organized approach, Neat allows users to scan receipts and keep everything in one place.
- TaxSlayer: This app not only helps with expense tracking but also offers tax preparation features, making it a two-in-one solution.
In summary, there are plenty of options beyond the top picks. Each app has its unique features that cater to different needs. Self-employed individuals should consider their specific requirements when choosing an expense tracking app.
| App Name | Key Feature | Best For |
|---|---|---|
| Kashoo | User-friendly interface | Beginners |
| Neat | Receipt scanning | Organized tracking |
| TaxSlayer | Tax preparation | Tax filing assistance |
Choosing the right app can make managing finances much easier. It’s important to find one that fits your style and needs. The right tool can save time and reduce stress.
Overall, the world of expense tracking apps is vast, and self-employed individuals have many choices to find the perfect fit for their financial management needs. Explore these options to find the one that works best for you!
Conclusion
In conclusion, choosing the right expense tracking app is essential for self-employed individuals looking to manage their finances effectively. With options like Easy Expense, QuickBooks, and Expensify, you can find tools that fit your specific needs. These apps not only help you keep track of your spending but also make tax time much easier. By automating tasks like receipt scanning and mileage tracking, you can save time and reduce stress. Remember, the best app for you will depend on your unique situation, so take the time to explore your options and find the one that works best for you.
Frequently Asked Questions
What is the best app to track my expenses?
The best app for tracking expenses is Easy Expense. It has great features for both small businesses and freelancers without needing a monthly fee.
How do small businesses keep track of their expenses?
Small businesses often use expense tracking apps to monitor their spending. This helps them reimburse employees quickly and understand their financial habits.
What types of business expenses should I track?
You should track expenses related to travel, meals, and lodging. If you’re self-employed, you can also track additional costs to deduct from your taxes.
Do I need to keep receipts for my business expenses?
Yes, if you want to deduct business expenses on your taxes, the IRS requires proof of your receipts.
Can I track mileage with these apps?
Yes, many expense tracking apps, like Easy Expense, allow you to automatically track mileage using GPS.
Is it easy to use these expense tracking apps?
Absolutely! Most apps are designed to be user-friendly, making it simple for anyone to manage their expenses.