Managing a business can be frustrating at times, especially for those who are not professional accountants or bookkeepers. This is the reason why clever solutions, such as online accounting software were invented. However, there are so many of them it is virtually impossible to choose one that satisfies all expectations. But Xero and FreshBooks are ready to accept the challenge and become your trustworthy assistant. Both of these software solutions offer almost the same essential features, such as invoicing, quoting, estimating and more. Moreover, you can choose from a variety of packages, an effective customer support, stellar mobile applications and free trials. Read More…
Online Accounting Software Articles
Interview with Xero
Online accounting company Xero is on a rapid growth trajectory and recently rose in our online accounting software ranking to the number one position. Xero has continued to expand the feature set of its “Beautiful accounting software” to cater to small businesses of all trades, and also earned its medals for providing fast customer support. We recently had the honor to interview Bob Grohs, Senior Product Marketing Manager at Xero, who has spent the last decade focusing on financial technology and payments for small businesses. It’s thanks to him that Xero integrates with many of the popular payment processing services like Stripe, PayPal and Square, and that Xero is continuously expanding and updating its feature set. Read More…
Three Tricks to Make Small Business Accounting Simple
For a small business, one of the most significant challenges is keeping the books organized, staying on top of revenue streams and expenses, and preparing income statements, balance sheets, and tax returns on a regular basis. While keeping the books and accounting system organized and efficient can be very complicated, there are three tricks that your small business can follow to make your accounting system simple and more effective. Read More…
Interview with FreshBooks’ Gary Mirsky
A couple of months ago FreshBooks was a pure online invoicing software, but last Summer it made the transition from a handy tool to a full-blown online accounting software. Its slogan went from “Painless Billing” to “Cloud Accounting”, but one thing certainly hasn’t changed; FreshBooks is still the company that wants to serve small business owners in the best way possible. Its aim remains making small business finances and management as easy as possible. Read More…
Outright vs Kashoo Comparison
Keeping track of one's finances is a necessary part of maintaining a healthy balance in the bank account, whether you like bookkeeping or not. With all of the monetary obligations in our lives, financial management has never been a more important aspect during this time of economic hardship. All of the statistics and number crunching can get very tedious and confusing for the majority of us, so some smart guy has come up with the idea of an accounting application that can do all of the hard work for us. Accounting apps are a popular and efficient means of money management, but not all of them are the same. Read More…
Start-Up Tips: Saving Money on Accounting Costs
Reducing costs is an important element of operations for start-up businesses. Newer businesses are often short on cash and need to balance their expenses as much as possible to improve their cash flow in order to grow their business. One way to save cash is to reduce accountant fees as much as possible. This article will discuss ways that start-up companies can reduce accounting fees in the early stage of their business yet be able to maintain sufficient records for book and tax reporting. Read More…
Should You Do Your Accounting Yourself?
Accounting can be a confusing task, and many people and businesses rely on a large accountant firm to help them with their books. Others prefer to save money and handle their own books. Both of these are viable options, and there are several benefits with each approach. Here are a few of the advantages that are associated with doing your accounting by yourself.
Save Money
Doing accounting jobs by yourself is a great way to reduce business and personal expenses. A large accountant firm usually charges a premium for their services, and there are a number of ways to rely on technology for business or personal accounting help. The Internet has a number of cloud providers that give their clients access to the latest information with regards to taxes. This is the economical way to keep books. Read More…
4 Tips for Freelancers Who Hate Administration
A crucial element to the success of freelancers is the ability to remain organized. This can often be difficult, especially when a freelancer has very little business acumen, but it is something he must acquire or be willing to get better at, if he wants to become truly successful. Read More…
DIY Accounting For Start-Ups
When running a small business or start-up, it's very important to save costs wherever you possibly can. However, this cost-cutting is a bit of an art, as it requires making sure that you are not cutting anything that your business needs to run. It is because of this delicate balancing act that many owners of start-ups do not consider cutting costs by getting rid of their accountant. However, thanks to advancements in accounting software and technology, it's now easier than ever to engage in “do it yourself” style accounting. Read More…
Online Accounting Comparison: FreshBooks vs Xero
Online accounting software systems are a great money saver for businesses. You no longer have to hire an accountant or bookkeeper to help manage your business. With so many online accounting companies available it's hard to know which one to choose. Which is the most cost effective for your company? Which offers the most features? Can you access your accountant anytime, anywhere? FreshBooks and Xero each offer different services to their customers and they charge different prices. They have a variety of packages available, have free trial offers and the ability to send invoices, offer daily bank feeds, receive payments and track normal business operations in real time. Read More…