When you started your freelance career, you probably didn't envision it involving tasks like accounting. It's not exactly exciting or fun, is it?All you wanted was to make a decent living doing something you're passionate about. However, whether you have a side hustle or are pursuing freelancing full-time, managing your finances effectively becomes vital, especially for tax purposes. Understanding your income and expenses allows you to set measurable goals and, potentially, leave your full-time job behind. But with so much on your plate and accounting not being your strong suit, it can be stressful and easy to procrastinate. To help streamline your side hustle finances, here are five helpful AI tools: 1. Dext: This tool automates your accounting process, ideal for those with an Etsy or eBay store. It efficiently tracks expenses and receipts, extracting valuable data and saving you time. 2. AI Assistant-powered Accounting Software: Utilizing GPT-4, this app learns from your categorization habits, improving segmenting transactions with each use.

It integrates seamlessly with popular accounting software like Zoho Books or Xero, offering reconciliation advice and helping identify discrepancies. 3. TurboTax: Known for resolving tax-related issues, TurboTax offers assistance with filing. It includes TurboTax Live, where you can access support from both human experts and an AI-powered "Intuit Assist. " 4. QuickBooks Self-Employed: Designed for contractors and freelancers, this feature simplifies expense categorization by integrating with your bank account. It can also estimate your taxes each quarter and offers other useful functions. 5. FreshBooks: Ideal for freelancers, FreshBooks provides time-tracking features to maximize productivity. They offer separate options for self-employed individuals and freelance professionals. These AI accounting tools automate tasks like expense tracking and categorization, making managing your finances more convenient. By finding the right software for your specific needs, you can reduce administrative work and focus on what you truly love. Embrace these tools, set your side hustle up for success, and gain peace of mind knowing your finances are well taken care of.