6 Reasons to Do Your Own Bookkeeping

Do your own bookkeeping

If you are a freelancer or run a home-based business there are compelling reasons to do your own bookkeeping. Many small business owners would rather outsource to an accountant. Often, they believe bookkeeping/accounting is too complex and time-consuming. Beyond having up-to-date, organized and compliant records of business finances, bookkeeping can give you insight you need to plan for growth. One thing is certain, if you do your own bookkeeping, you’ll really understand your business’s bottom line. Read more

Time-Saving Small Business Accounting Software Features You Should Use

Accounting software features save time
We’d all like to spend more time doing what we love and less time with tasks that consume time. This is true of anyone and especially true for small business owners who have many demands competing for their limited time and attention. If you run a micro-business or are a freelancer, your time is valuable. Anything you can do to reclaim some of your time is a plus. When we created Flare Cloud Accounting, we wanted to streamline and automate tasks that typically take a lot of time. Today, we’ll focus on automated accounting software features that can really help free up your schedule. Read more

When Micro-Businesses or Freelancers Should Hire an Accountant

When to hire an accountant

Micro-business owners and freelancers often do their own bookkeeping, but knowing when to hire an accountant can prevent financial problems and heartache in the future.

From managing their business finances to marketing, freelancers and small business owners like to roll up their sleeves and pitch in. Usually, they do so out of necessity, particularly when starting a business. They may not have the financial resources to hire an accountant or financial advisor. When starting out, or if their business is small or a one-person operation, the do-it-yourself route makes sense. The side-benefit of DIY is the experience and education gained. There are times, however, when hiring an accountant or financial advisor makes sense, too. Read more

Freelance Success and Financial Knowledge. What Successful Freelancers Know About Business Finances

Freelance success
One personal trait that successful freelancers have in common is attention to detail. They pay attention to all aspects of their business, including finances. While it may seem obvious, ignoring finances or having only cursory knowledge can mean the difference between success and failure.

You don’t need a degree in finance to understand some very basic things about your freelance business’s finances. You need to care, and, you should care. Some freelancers believe that because they can count the number of monthly clients they have on two hands, know them all by name, and “have a sense” of what they earn or spend monthly, that this is enough. That casual attitude will work for awhile, but in the long run, it’s very dangerous and could lead to financial calamity. 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

How to Be a Successful Freelancer – Rough Guide to Survival in the Self-Employment Wilderness

How to be a successful freelancer
How to be a successful freelancer is a question asked by most people when they consider leaving their day job for self-employment. When you were first considering your freelancing career, you may have dreamt of the freedom of setting your own hours, working from home or your own small office, charting the course of your business, being your own boss. These are some of the main reasons one-time “cogs in the wheel” become freelancers. It’s a good life if you can make it work then keep making it work. The key to success is knowing how to survive. 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

Finding New Customers is Great. Keeping Current Customers is Better

Find customers...keep customers
If you are self-employed or run a micro-business, you can easily become obsessed with finding new customers. It’s natural, particularly when starting your self-employment career, to brainstorm all the ways you can attract new clients. Clients, after all, are the life blood of your business. Without them, you’ll be shutting your doors and heading back to a day job. Read more

Home-Based Business Security Tips

Home-based business security

The following home-based business security tips can help secure you, your home-office and your data while giving you some peace of mind. Read more

Why Your Services Estimates Don’t Convert

Convert estimates

Creating services estimates for a potential client can cause a freelancer or micro-business owner a lot of anxiety. There are so many “what ifs”. What if I quote too high? What if I quote too low? What if it’s a waste of time? What if, what if, what if! Estimates are educated guesses. Sometimes they are accurate, sometimes not, but there are other reasons beyond the dollar figure of your estimate that can prevent a customer from following through and ordering your services. Following are a few reasons your estimates may not be converting to actual work and income. Read more