FreshBooks can be a good option for freelancers and contractors looking for an affordable, simple accounting software. There’s time tracking in all plans and phone support is available from 8 a.m. The first two plan tiers put a limit on billable clients, but not on invoices. This means it can be accessed from any internet-connected […]

They can also be useful for major expenses like weddings or home improvements. Personal lines of credit may also be part of an overdraft protection plan. Some banks may allow you to secure a line of credit with a savings or money market account. Securing a line of credit with collateral can help you qualify […]

From there, organize your expenses into one-time expenses and ongoing expenses. If you plan to open a brick-and-mortar business, you’ll need to pay for office space, equipment and supplies, and utilities. Even with these tools, both time and commitment are required to build brand reputation and customer loyalty. Nearly 1 in 4 small businesses starting […]

A common “quick win” improvement is to set tolerances and materiality thresholds across the organization. This step may not be necessary for smaller businesses with limited activity. But if you’re processing a lot of transactions, it can be an eye-opening experience to review a comparative trial balance. This way you can check off all the […]

That delayed tax payment may improve your after-tax investment returns as you can earn a return on that money for more time rather than paying it to the IRS right away. There are often multiple tax rates per ZIP code, county, and city. Therefore, more accurate rates are determined based on street address. You can […]

For example, accounting errors could cause you to miss out on valuable financing or get you in trouble with the Internal Revenue Service (IRS). Apply for financing, track your business cashflow, and more with a single lendio account. This makes it easier to keep track of things when it’s time to total everything up. If […]

Use the accounting records on hand to show how much you earn from food sales, merchandise sales, or catering jobs. Find out how much revenue you make each day and ideally break them further into food and beverage categories. Restaurant companies move quickly, and you need an experienced bookkeeper or accountant to review your books […]