![]() The IRS accepts credit card and bank account statements as proof, but they must contain the amount paid and a description of the purchase indicating that it was for a business expense. If you've ever filed income taxes as a self-employed individual, you know how important it is to have receipts backing up your business expenses. If you mix business and personal transactions in your accounts, you can separate them. The apps download all cleared transactions-usually once daily-and deposit them in a register where you can add more detail like categories. ![]() All you have to do is enter the login credentials that you use to access your online bank and credit card accounts. GoDaddy Bookkeeping Essentials, QuickBooks Self-Employed, and Xero TaxTouch make this possible. ![]() Getting daily, real-time updates of account transactions and balances is critical, especially if you're operating on a thin margin. These apps handle one or more of a number of essential tasks for freelancers and independent contractors who want to: Connect to Online Bank and Credit Card Accounts I've reviewed five of them here: GoDaddy Bookkeeping Essentials, Harvest Solo, Intuit QuickBooks Self-Employed, IQBoxy Prime, and Xero TaxTouch. There are numerous iPhone apps that will accommodate their needs without piling on a lot of unnecessary features (and cost). ![]()
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