Free accounting software for your LLC

By default the IRS treats a single-member LLC as a disregarded entity, so its profit usually lands on the owner’s own return. That makes clean records more important, not less: every business deposit and expense needs to be provable as the LLC’s.

Connect the LLC’s business checking account as your live bank feed, categorize transactions to an IRS-aligned chart of accounts, and record the money you put in and take out as owner contributions and draws rather than as income or expenses.

• Unlimited invoices, bills and quotes
• Unlimited email payment reminders
• 1 live bank feed through Plaid
• Unlimited manual bank and card accounts
• 2 users
• Free AI credits to get started
• AP/AR aging, P&L, balance sheet, cash flow
• iOS and Android app

Mixing personal and business spending is the most common bookkeeping problem for new LLCs. Run the business account through HelloBooks, keep personal spending out of it, and reconcile each month so the books match the bank.

If the LLC has a second account, such as a business credit card, keep it as a manual account on Free (manual bank and credit-card accounts are unlimited; update them yourself or by statement import), or move to Starter for 3 live bank connections.

A multi-member LLC can run on Free too: 2 users lets two members, or one member and an accountant, work in the same books. Tax treatment changes with the election you make (partnership, S corporation or C corporation), so confirm how your LLC files with a tax professional; the ledger works the same either way.

Export, recurring invoices and multi-currency are paid. Free invoices carry a “Powered by HelloBooks” badge. Starter is $14.99/mo per entity; Pro is $39.99/mo per entity.