Freelancers typically don’t make the same amount of money each month. As such, managing their finances can prove challenging. Fortunately, several apps in the market can help you take charge of your finances, putting you in a better position to achieve your financial goals. In this article, we’ll share the top four apps for freelancers to use to manage invoicing, payments, and expenses to better their finances.
Zoho Invoice
There’s a lot to love about Zoho Invoice. You can create, customize, schedule, and send invoices in multiple languages and currencies. Freelancers often work with clients around the globe, so this is very helpful in case there’s a language barrier.
Additionally, you can use the app to send professional quotes and turn quotes into invoices. If you bill your clients by the hour, you can track time spent working on projects through the platform. The app also encourages faster payments by allowing online payments 24/7 via your preferred payment gateway.
Freelancers and small business owners can also use the app to track and categorize expenses. These include billable expenses like mileage expenses, which they can later convert into an invoice in one click.
You can access these and other features for free on your Android mobile devices by downloading the app from Google Play Store. And if you think free means endless ads and hidden fees, you’re wrong. You only pay transaction fees.
Wave Invoicing
Wave is another free invoicing software that offers on-the-go invoicing solutions. Freelancers can use the mobile app or the software online to create personalized invoices and send them via Wave, Gmail, and Outlook.
Users can enable payments to their credit card, digital wallet, and bank account. They can also set up recurring invoices and automatic credit card payments for recurring billing. Wave sends instant notifications when a client views your invoice, you get paid, and an invoice becomes overdue.
In addition to invoicing and payment processing, Wave offers various accounting features to help you stay on top of your cash flow. These include tracking expenses and revenues, automatically calculating sales tax, generating financial statements, and importing bookkeeping data from other accounting apps. The software also allows access by multiple users (e.g., accountants and bookkeepers), which is handy if you need help accounting.
Quickbooks
Quickbooks is perhaps the most common name in bookkeeping and accounting software. There are various mobile app versions of the software available. The most ideal for freelancers is the QuickBooks Self-Employed app available for Android.
The app allows you to invoice customers from anywhere, schedule recurring invoices, and accept payments via various money transfer services. It also records and categorizes expenses, tracks business mileage, finds tax deductions, estimates taxes owed, and files taxes. You even have the option to add a tax preparer to collaborate on your account. Tax season has never been easier!
However, note that features, price, and availability may vary by location. For freelancers in the US, you can choose one of three plans, with the least currently going for a discounted price of $7.50 per month for the first three months of subscription.
If the QuickBooks Self-Employed app is unavailable in your country, the QuickBooks Online Accounting app is a good alternative. Depending on the plan, you can use the app to track expenses by category, create and send invoices in different currencies, send automated reminders for outstanding invoices, access your financial reports instantly, and track project profitability.
Although Quickbooks has a monthly subscription fee, there’s a free-30 day trial for all plans. If you’re conflicted about the app, you can take advantage of the free trial to determine if the app features suit your needs.
Honeygain
Improving your personal finances doesn’t just take better money management. Savings also play a crucial role in improving your financial health. The Honeygain Android money-making app can help you build your savings by earning passive income.
The first ever of its kind, Honeygain works by sharing your internet connection with third parties via the app. These third parties include Fortune 500 companies, marketing researchers, and other reputable companies and professionals.
You earn 3 credits for every 10 MB (megabytes) of traffic sent through your device. So if a 100 GB (gigabytes) goes through you, your earning will be $30. Another way of earning on Honeygain is through Content Delivery. With this feature, you receive 6 credits for every hour you’re connected to the servers of a Content Delivery.
You can also earn more money through Honeygain’s referral program. When someone joins via your affiliate link, you get 10$ of their daily earnings, and if the amount of traffic they share reaches at least 2GB, you get 500 free Honeygain credits.
In 2021, the biggest one-time payout was $9,401. There was an $8,000 difference between the highest amount paid out with referrals and the highest amount paid out without referrals. The biggest total earnings were $16,410. Imagine having that kind of money in your savings account.
