Running a freelance business requires you to be not only an expert at your craft but also require you to be expert at virtually everything. From time tracking, managing expenses to communicating with your clients. Doing all this manually is very time consuming, and it’s very easy to make mistakes. There are always tools that can help you in managing your day to day freelance business operations.

Here is a list of 5 Invoicing, Accounting & Time Tracking tools to ensure you stay on top of your finances and invoicing.

1. Billings

Billings is an invoicing and time tracking app. Time tracking is well thought out, and detailed reports can be generated to determine how long a particular project took. The app comes bundled with a selection of great looking invoice templates, and an iPhone companion app is currently in development.
Developer: Market Circle

2. Money

Money allows you to handle your money – both for your personal life and business. Various tools allow you to create budgets, invoices and spending reports. Cover Flow is used to make the interface look pretty, and it’s an eye catching application.
Developer: Jumsoft

3. On The Job

Despite the crazy bee icon, On The Job is a great app for managing your clients and your time. It offers support for multiple currencies, automatic invoice creation, custom hourly rates and four main types of cost: Timed, Fixed Cost, Quantity, and Mileage. Versatile, with a lovely interface.
Developer: Stunt Software

4. Profit Train

Profit Train keeps track of the billable services you perform for a client and then lets you create and manage invoices based on those services. It doesn’t quite have the same interface polish as the previously noted apps, but does come slightly cheaper. I love the ‘Paid’ stamp applied to invoices which are settled.
Developer: Clickable Bliss

5. iBiz

iBiz is the most expensive app in this category, but does have a good range of features. You can associate documents with iBiz to track the time you work on them (particularly useful for freelance writers), see a useful overview of your whole business at once, and the app integrates with almost everything else on your Mac – Spotlight, iCal, Address Book and Automator.
Developer: IGG Software