He has helped solve complex accounting and reporting challenges with global clients. An Ernst & Young veteran, Jin has worked at large enterprises such as Sinopec and Vitol, before transitioning to working with startups. His expertise focuses on financial reporting, modeling, due diligence, serving as an interim CFO, and delivering internal process improvements.

He is a finance, strategy and operations expert, who employs a collaborative approach that balances customer, regulatory and financial objectives. Bob is freelancing to help growth companies build financial infrastructure and reach their full potential. Juba is the founder of angioClast, a Cambridge-based biotech startup focused on cancer research.

Wave Accounting Features

Bonsai is built specifically for freelancers (as opposed to competitors like Quickbooks or Freshbooks who target businesses of all kinds and sizes) which makes it an especially powerful freelance accounting app. If you’ve ever needed to refund a client or tried to send them a discount, you know that can disrupt your financial accountant for freelancers records. Freshbooks has a “Credits” feature that lets you track overpayments, client credits, or prepayments and then apply their amounts to future invoices. They offer a long list of features for small businesses including good customer management, sales tracking, purchase orders, and a good inventory management module.

• That might be worthwhile if you foresee your business growing beyond self-employment in the future.
• I sure did when I started out—it was an agile way to start working, but it’s not sustainable as you grow.
• When you’re on top of your accounting and bookkeeping, just by looking at profit and loss statements, you can anticipate future problems that your business might face.
• But that’s because you can’t add a free trial to a product that is already 100% free.
• QuickBooks Online is a great small business accounting application, but it’s not for everyone.

If you buy now, you get 50% off for three months, plus a free guided setup from a QuickBooks expert. Otherwise, you can get the 30-day free trial (without free guided setup) and pay the regular price at the end of the trial. On the flip side, Zoho Books fell short in ease of use because of its limited support network of bookkeepers who provide bookkeeping assistance.

Create times worked in Hectic from new time entries in Toggl

Even if you don’t choose Wave as your accounting app, you can still grab it here and have a read. Jami Gong is a Chartered Professional Account and Financial System Consultant. She holds a Masters Degree in Professional Accounting from the University of New South Wales.