Bookkeeping for Freelancers. The Real Value for Your Business

Bookkeeping software for freelancers

If you are like many freelancers, you probably don’t think that much about managing business finances and you may regard bookkeeping for freelancers as a necessary, but sometimes painful part of doing business. Beyond creating invoices and perhaps tracking expenses, freelancers may not understand the real value of using a bookkeeping application. It’s much more than bookkeeping.

What if I told you that doing your own bookkeeping could save you time, reduce the taxes you pay and increase profit? You might change your mind, then, because there’s something in it for you – above and beyond bookkeeping. Read more

7 Questions to Ask Before You Buy Small Business Accounting Software

Flare accounting software for small business on desktop, laptop and tablet

Choosing accounting software is often a matter of fit, flexibility and features. These “3Fs” may be different for each business owner, but one thing is for certain, it takes a little homework to find an accounting application that ticks the boxes for all three. As the following seven questions before you buy small business accounting software. Read more

Get the Most from Your Small Business Accounting Software

Person using small business accounting software

If you are considering using or have already signed up for online small business accounting software, getting to know the application and its features will ensure you aren’t missing its real benefits. While you may have purchased an accounting application so you can easily do you own bookkeeping and invoicing, the real power is the insight accounting apps provide. Read more

Still Using Financial Spreadsheets for Your Business? Why You Should Use Small Business Accounting Software Instead

Financial spreadsheet frustration

If you are using financial spreadsheets for your small business, you are not alone. There are many resources for free business templates on the web and people love free! While business spreadsheets aren’t “bad”, they do have drawbacks. Using small business accounting software is much easier, less expensive and less complicated than you might think. Read more

10 Reasons Micro-Businesses and Self-Employed Pros Should Use Online Accounting Software

Online accounting software

More and more businesses and self-employed professionals are making the move to online accounting software. Why? Following are 10 reasons you should make the switch.

1) Everything is one place. Everything is connected

Before online accounting software, micro-businesses and self-employed professionals had few choices. Often, they used the “shoe-box method” of accounting: throwing invoices and receipts into a shoebox which they’d hand over to their accountant or bookkeeper once per year. The few that performed their own bookkeeping and financial management used several disconnected methods (desktop apps, spreadsheets, word processing templates) and frequently did not have at-a-glance insight into finances. Read more

Bank Reconciliation Made Easy for Freelancers and Micro-Businesses

Auto categorize bank transactions

If you’re a freelancer or run a micro-business, you probably wear many hats, including a bookkeeping hat from time to time. One aspect of double-entry bookkeeping that some people find confusing and painful is bank reconciliation. Read more

What Is This “Cloud Computing” of Which You Speak?

Cloud computing
Recently, a question was asked of me by a friend who isn’t particularly tech savvy. “What is cloud accounting”, he asked?

I pondered for a moment and answered as best I could. “Well…it’s an accounting application that runs in a web browser on the Internet instead of being downloaded and installed on your computer. You log into it from a browser and the data is securely stored ‘in the cloud'”. As soon as I said the word “cloud”, I knew, judging by his expression, that the next question was already being formed: “When you say ‘cloud’ what exactly do you mean?” Read more