Artists who are transitioning their hobby into a business need to maintain accurate books and records to make their activity profitable. Fortunately, there are accounting software tools that can help organize finances and present artists as professionals. Here are five low-cost or free accounting tools for artists:
- ZarMoney – cloud-based accounting tools for small to large businesses with pricing starting at $15 monthly for one user and unlimited transactions. Top features for artists include:
- Inventory management
- Productivity tools
- Over 60 features for accounting
- Wave Accounting – free web-based money management tools with dozens of invoicing and accounting features. Wave offers a pay-per-use payment service that lets clients pay right from their invoice. Valuable features for artists include:
- Receipt scanning
- Bank connections
- Mobile apps for iOS and Android
- QuickBooks Self-Employed – designed for freelancers and independent contractors with pricing starting at $15 monthly. Features include:
- Automatic mileage tracking
- Expense tracking
- Invoice creation and tracking
- Zoho Books – online accounting software that is free for one user and one accountant for businesses with less than $50,000 in annual revenue. Paid plans start at $20 monthly. Features include:
- Project management
- Inventory management
- Time tracking
- Hiveage – provides financial reports, online invoices, and expense-tracking tools. The mobile apps put accounting software at your fingertips. Hiveage’s free plan lets you store data for five clients, whereas paid versions start at $19 monthly and support 50 to 1,000 customers. Features include:
- Recurring billing
- Estimates and quotes
- Time tracking
Using these accounting tools can help artists save time and money while maintaining accurate records for their business. For more information, visit CO— by the U.S. Chamber of Commerce.
