Accounting, Bookkeeping, Invoicing Blog Posts

The good news for those who received PPP and EIDL loans is that in most cases, your tax liability won’t be impacted — at least on the federal level. You also won’t need a ton of additional paperwork to take to your accountant, either. Keep reading to learn more about how SBA loans will affect your tax return, and how you can be prepared this tax season.

Xero boasts an app store with over 1,000 software integrations that allow businesses to use multiple pieces of software together. Unfortunately, that’s 1,000 software integrations too many when you’re trying to find the right software for your business. You’re in luck, though; this guide provides a great starting place for small businesses looking for software platforms that integrate with Xero.

The prospect of drafting your first business invoice can be daunting. After all, it’s the document that helps ensure that your business is paid the money it’s owed. Moreover, invoicing mistakes can cause payment delays and lots of headaches. Fortunately, mastering invoicing isn’t a herculean task. Sending out a complete professional invoice simply requires attention to detail and a solid template.

Both are solid options for businesses that want basic accounting software that’s easy to use. Ultimately, the final decision will come down to what’s most important to you, whether it’s outstanding customer service, specific features, or pricing.

There’s no question why QuickBooks is one of the leading accounting software options on the market today. Not only is there an abundance of features, but QuickBooks integrations also add to the software’s functionality.

FreshBooks plans start at $15/month. There are three additional pricing plans to choose from that come with additional features and support for more billable clients. Payroll by Gusto, Advanced Payments, and additional team members each have an additional monthly cost.

Using QuickBooks in your business to balance the books and handle finances is the first step to simplifying your small business accounting. But once you start actually using the software, QuickBooks can seem anything but simple. Fortunately, you’ll start getting the hang of how to do things in QuickBooks once you start diving in and exploring the software.

Bookkeeping and accounting are not the same. Learn the key differences and how to easily manage your small business’s bookkeeping in this complete guide. We’ll cover basic bookkeeping tips, discuss how bookkeeping and accounting differ, and walk you through the various accounting methods available. Read on!

At the end of the day, a successful business has successful finances, which means you need to stay on top of your accounting and bookkeeping. Read on for a look at which tasks you should be performing on a weekly basis, and which need to be done daily. We’ll also discuss when apps for inventory, payroll, and accounting can help make it easier to do the books.

Believe it or not, Wave doesn’t skimp on the features despite the free price tag. Wave offers an impressive feature set, especially for a free accounting program, with thoughtful automations to save your business time. With Wave, you’ll find strong invoicing, traditional bookkeeping features, expense tracking, and even tax support — and many of these features can stand their ground against paid accounting programs.