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Ruby Money description
Ruby Money is a tax software designed for freelancers, consultants, and coaches. It simplifies bookkeeping, accounting, and tax filing. The software helps identify eligible business write-offs and automates income tracking, aiming to reduce tax burdens and maximize deductions for self-employed individuals.
Who is Ruby Money best for
Ruby Money is tax software designed for freelancers, consultants, and coaches to simplify bookkeeping, accounting, and tax filing. It helps identify write-offs and automates income tracking. Key features include AI-powered deduction discovery and expert assistance.
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Best for freelancers, consultants, and coaches.
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Suitable for self-employed individuals across various sectors.
Ruby Money features
| Supported Provides tools and guidance for calculating and claiming home office deductions, including simplified and regular methods. |
| Supported Automatically tracks income to simplify bookkeeping and tax reporting. |
| Supported Identifies potential business write-offs to minimize tax liabilities. |
| Supported Offers a simplified method for calculating home office deductions using a standard rate per square foot. |
| Supported Supports the regular method for calculating home office deductions based on the percentage of home used for business. |
| Supported Provides free resources like worksheets and guides to help users understand and claim home office deductions effectively. |
Ruby Money alternatives
TurboTax Self EmployedBetter for small businesses and those who need audit support. Includes step-by-step guidance and auto-fill features.Read more
Account AbilityBetter for small to mid-sized businesses needing IRS compliance features, especially for forms 1099, W-2, and ACA. Account Ability offers strong customer support and reliable performance but has a less modern interface.Read more
AltovizBetter for retail, manufacturing, education, hospitality, media, software, marketing, and professional services. Altoviz is a Ruby Money alternative focused on billing and accounting for US-based freelancers and small businesses.Read more
ClientaryBetter for broader business management, including project management, time tracking, and client portals. More suitable for slightly larger teams. Caters to various service industries like finance, retail, and marketing. Excellent user reviews highlight ease of use and robust invoicing.Read more
SuvitBetter fit for accounting and tax professionals in India. Focuses on automating accounting tasks like GST reconciliation and document management.Read more
FreshBooksBetter for small to medium businesses needing broader accounting features beyond tax. FreshBooks offers wider industry applicability.Read more
Ruby Money FAQ
What is Ruby Money and what does Ruby Money do?
Ruby Money is tax software for freelancers, consultants, and coaches. It simplifies bookkeeping, accounting, and tax filing through AI-powered deduction discovery and income tracking automation. This helps reduce tax burdens and maximize write-offs for self-employed individuals.
How does Ruby Money integrate with other tools?
There is no information available about Ruby Money's integrations with other tools. However, it offers AI-powered tax deduction discovery and assistance from tax experts.
What the main competitors of Ruby Money?
Ruby Money's main competitors include TurboTax Self-Employed, a similar tax software for freelancers, and Altoviz, which offers billing and accounting tools. FreshBooks, while broader in scope, also competes in the small business accounting software market.
Is Ruby Money legit?
Ruby Money appears legitimate as a tax software for freelancers. It offers AI-powered deduction discovery and tax expert assistance. However, with limited reviews and no data on website traffic or employee growth, researching alternatives like TurboTax Self Employed is recommended for a safer option.
How much does Ruby Money cost?
There is no pricing information available for Ruby Money. Therefore, it's difficult to assess whether the product is worth the cost without knowing its price.
Is Ruby Money customer service good?
There are no customer service reviews available for Ruby Money, so its customer service quality cannot be assessed.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.