Accounting Software
Unfortunately, too many small business owners overlook the need for a good accounting program when they first get set up. I guess they figure at the beginning they can just use an Excel Spreadsheet or a notebook. Please, take my advice and invest in an accounting program from the beginning. If you cut that corner you’re setting your business up for failure.
The problem most people have with their books is that they procrastinate and leave it until the end of the year. Then they’re sitting with their tax preparer with little to no records, which likely makes for a frustrating and expensive visit.
Virtual Accountant is an accounting platform started by my company. VA combines the convenience of an online accountant with the expertise of an actual bookkeeper. There’s very little involvement from the business owner when using VA. Simply work with your assigned bookkeeper to link your accounts and they take it from there, providing you with detailed and accurate financial statements monthly starting for $100/mo.
QuickBooks Online is the obvious elephant in the room when it comes to doing your own accounting. There are several benefits to using QBO for your accounting. The main one being that since it’s the largest player in the market, there are literally thousands of apps and plug ins to do exactly what you need it to do. They also have an app for your iPhone or Android phones that will allow you to email and invoice, collect a payment, and more from anywhere you have cell phone reception. There are several different levels of QBO to choose from depending on what your need it to do and the size of your business, so check out their website and see if it’s a good fit!
Bench.co a company based in Vancouver that has recently taken the market by storm. Bench is not just a software platform, and it’s not just a bookkeeper, it’s both. With a subscription to Bench.co you will be assigned a Bookkeeper that will handle all of your accounting monthly and provide you with financial statements. They also have an extremely robust software package that will allow you to run reports and pull data from the comfort of your own home. The great part of this is it takes the responsibility of keeping up with your books off of the business owner. You’re not dealing with a robot or AI system, this is literally another human being doing your books. It’s a great option for someone that doesn’t want to or if you don’t have the discipline to keep up with your accounting. If you click the link from our website Bench.co will do last month’s books for free within 24 hours and then give you 20% your monthly subscription for the first 6 months!