Find the top resources for 2025 financial management for independent contractors. The best accounting and budgeting apps make it simple to keep track of earnings, outlays, and taxes.
The Greatest Resources for Handling Freelance Finances in 2025
To effectively track their income, expenses, and taxes, freelancers require astute financial management. Having the appropriate tools makes money management easy and stress-free. These are 2025's top tools for independent contractors.
1. Top Invoicing & Accounting Software
QuickBooks Self-Employed generates invoices and keeps track of taxes, mileage, and expenses.
For independent contractors who require financial reports, expense tracking, and invoicing, FreshBooks is the best option.
Wave is a free accounting tool that allows you to scan receipts, track payments, and create invoices.
2. Top Tools for Tracking Expenses and Budgeting
You Need a Budget, or YNAB, is a tool that helps independent contractors manage their spending and prepare for erratic revenue.
Mint: Improves budgeting by automatically tracking spending and classifying expenditures.
Expensify is ideal for managing reimbursements, recording expenses, and keeping track of receipts.
3. Top Tax and Savings Resources
Keeper Tax automatically identifies tax-deductible expenses by scanning transactions.
Everlance: This app helps mobile freelancers keep track of their expenses and mileage.
Self-Employed Retirement Plans: For long-term savings, think about using apps like Wealthfront or Betterment.
Crucial Aspect:
Automate Your Accounting
To prevent financial stress, use automation tools to classify spending, schedule invoices, and save for taxes.
