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, plus 2 manual bank or card accounts
• 2 users
• Free AI credits to get started (upgrade for more)
• AP/AR aging, P&L, balance sheet and cash flow reports
• 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 one of the 2 manual accounts on Free, 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.

Free includes 1 live bank feed, 2 users and free AI credits to get started. Data export, recurring invoices and multi-currency are on paid plans, and invoices sent from Free carry a small “Powered by HelloBooks” badge. Starter is $14.99/mo; Pro is $39.99/mo.