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The Best Accounting Software for Sole Trader Business Owners

The all-new Accounting Software for Sole Traders from FreshBooks empowers you to spend less time and energy on your business bookkeeping.

FreshBooks makes my life so much easier. I wish I had this when I first started my business!”

Reviews Tell Our Story

4.5 stars

FreshBooks offers simple cloud-based accounting software to help sole traders work faster and smarter. Let FreshBooks look after the financial health of your business so you can focus on delivering top-quality service to your clients. Get started today to send invoices, track expenses and accept online payments so you get your hard-earned money faster. With award-winning customer service, help is always just a quick email or phone call away. The work of a sole trader is more than a full-time job. Sign up with FreshBooks to save an average of 16 valuable hours each month.

Bookkeeping Software Built for Your Sole Trader Business

FreshBooks is the perfect fit for a sole trader, whether you’ve just launched a new business or have been running your own company for years. It’s an all-in-one accounting solution that manages all your bookkeeping needs, from creating professional invoices, to tracking your time and recording all your business expenses. FreshBooks gives important insights to help you manage your business finances. Easily oversee all your accounting tasks without ever having to leave FreshBooks.

The all-new FreshBooks now supports double-entry bookkeeping, to give you even more data about your financial performance and insights about your growth potential. It can help you plan for your business’s future and save you time and money during tax season. You can even invite your accountant to collaborate on your FreshBooks account at no extra cost so they can access reports and analyze your business data. Watch your sole trader business grow faster than ever with advanced bookkeeping tools from FreshBooks.

Save Time

As a small-but-mighty team of one, you likely spend long nights and early mornings meeting the needs of clients. FreshBooks can help you achieve a better work-life balance by automating accounting tasks that take up your time. Free up your day by automatically organizing expenses, tracking time and following up with clients.

Look Professional

You provide important professional services to your clients. FreshBooks helps you wow clients with invoices that are every bit as professional as you are. Send sleek invoices and estimates that reflect your small business’s unique branding and personality. FreshBooks helps you create impressive documents that stand out from the crowd. 

Get Paid Faster

Sole traders rely on timely payment from their clients to pay the bills and keep the lights on. FreshBooks makes it easier than ever for clients to pay their invoices, so you don’t have to waste time chasing down cheques. Get paid 11 days faster with convenient payment solutions both you and your clients will love.  

FreshBooks Accounting Software Testimonial Videos

Invoicing Software and Time and Expense Tracking for Sole Traders

FreshBooks ensures you get paid faster and spend less time worrying about your small business accounting. Create a custom invoice that reflects your branding in minutes. Add a personalized thank-you note and send invoices to your clients directly from your account. FreshBooks offers all the accounting tools you need to easily manage your sole trader business finances, from automatic expense tracking that ties to your business bank account and credit card, to simplified time tracking to easily allocate every last billable hour. 

Late Payment Reminders

Never let a missed payment slip away. With FreshBooks, you can automatically send late payment reminders to clients, so you don’t have to worry about keeping track of all your payment deadlines. Create custom messaging, set a schedule and forget about it. Your clients receive polite late payment reminders and you don’t have to lift a finger. 

Late Fees

Late payments can create cash flow woes, especially for sole traders. FreshBooks lets you build in late fees to encourage clients to pay every dollar you’re owed on time. Automatically set late fees to kick in according to your specific policy. Include the details of your late fee policy in your invoice payment terms so clients are never surprised by extra charges.

Recurring Invoices

Let’s be honest, you didn’t become a sole trader because you love making invoices. Luckily, FreshBooks lets you cut down the time you spend billing clients. Set up recurring invoices for the loyal clients you bill every month. You can create a recurring profile in a few clicks and FreshBooks will automatically send the invoices for you, freeing up time for more important tasks. 


Make the billing process as simple as possible for both you and your clients. FreshBooks accounting software allows you to set up billing schedules so your clients can pay automatically and securely by credit card every month, without having to think about it. Your clients save time and you get the financial security of knowing exactly when payments land in your account. It’s a win-win. 

Accounting App for Sole Traders that Offers Secure Online Payments

FreshBooks makes it easier than ever for you to get paid with simple, secure online payments. Clients can pay by credit card straight from an invoice with just a couple of quick clicks. With high-level encryption and first-class security, your clients don’t have to worry about payment protection. FreshBooks offers a transparent, affordable fee structure to remove the guesswork from online payments for sole traders. We know billing isn’t the best part of your job. 

Let FreshBooks online payments look after it for you. 

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Choosing an Accounting Software for Your Sole Trader Business

You need accounting software for your sole trader business that manages your finances without the stress. That way, you can dedicate your time and attention to providing clients with your best work instead of struggling with calculations and spreadsheets. FreshBooks offers best-in-class accounting tools designed with your small business in mind. Our suite of products works together to offer a streamlined accounting solution that keeps your finances in order, even when you’re busy working on a looming deadline.  

What Is the Best Accounting App for a Sole Trader

The FreshBooks mobile accounting app lets you work from anywhere, whether you’re creating a professional invoice on the bus or running an expense report from the comfort of your couch. FreshBooks stays in sync from your desktop to the app, so you can use any device you like and always have access to the latest data about your sole trader business. Upload receipts and respond to clients and vendors directly through the app, from wherever work takes you.   

Advance Your Business with Double-Entry Accounting on FreshBooks

As a sole trader, you’re the boss of your business. Shouldn’t you be the boss of your business finances? Issue is, crunching numbers can seem like a tedious task (and confusing, to boot).

At FreshBooks, we know that your time is better spent providing the best products and services possible – not adding up data in a spreadsheet. Knowing this, we have added even more features to help you manage your accounting with ease.

Benefits of FreshBooks Double-Entry Accounting for Sole Traders 

We’re obsessed with giving business owners exactly what they need in order to take control of their bookkeeping. That’s why our accounting software now includes double-entry accounting – an industry standard features that helps you keep all of your debits and credits in check.

These eight double-entry accounting features include:

  • Cost of Goods Sold
  • General Ledger
  • Trial Balance
  • Chart of Accounts
  • Accountant
  • Access
  • Bank Reconciliation
  • Bank Sheet
  • And Other Income

Always know whether your business is “in the black” with the new double-entry accounting features from FreshBooks. No more second-guessing, double-checking or calculator crunching. 

Get started with simple business accounting with FreshBooks today.

Small Business Owners Love FreshBooks

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24M+ People have used FreshBooks worldwide
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Award-Winning Support for an Award-Winning Product

No phone trees or pre-recorded voices. The FreshBooks Support Team is standing by to give you a hand. They always go above and beyond and you’ll speak to a real human in just a few rings.

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FreshBooks Integrates with All Your Favorite Apps

You can now customize your FreshBooks experience with a range of business-friendly apps. Take control of your business accounting with the help of these integrations.

Connect With Industry Leading Apps
To Level Up Your Accounting

FreshBooks integrates with lots of apps you already use (and some new ones you’ll be glad you found) to make running your business a breeze.

See all Integrations

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Accounting Software for Sole Traders Free Download

Get started using best-in-class accounting software for sole traders with a free 30-day trial. FreshBooks lets you test out its easy-to-use features for a full 30 days before committing — no strings attached and no fine print. You don’t even need a credit card number to get started. 

Sign up for your free trial today to grow your sole trader business and manage your accounting the easy way.

Get started for free today.

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