25 Must-Have Accounting Software Integrations for 2017

Integartions

Is your accounting or invoicing software missing something? Does your current feature set not quite meet the mark?

You may be tempted to throw in the towel, but before giving up on your software completely (and dealing with the hassle of transferring all your data over to a new solution), it’s time to consider the advantage of using your current program’s integrations and add-ons.

Integrations are an excellent way to supplement your existing software; all good accounting solutions come with a number of integrations (if yours doesn’t then maybe it really is time to switch). These integrations can encompass everything from payment gateways and CRM to receipt management and tax support.

We get it—in situations like this it’s difficult to even know where to begin. So to help you get started, we have put together a list of the top 25 integrations to boost your software’s functionality and help your small business succeed in the new year. We chose integrations that are common across multiple accounting and invoicing software platforms and have divided them into categories to make everything even easier for you.

But first, let’s get some basics out of the way.

How Do Integrations (and Add-ons) Work?

The integration process is really quite simple. If it’s even remotely worth its salt, your accounting or invoicing software is already fast friends with other apps or software; like any good business partner, your accounting software should work to introduce you its third-party buddies so you can all shake hands, play nice, and begin working together. Note: Healthy (and legal) human friendships do not usually involve an exchange of money, but you will usually have to pay an extra fee for 3rd-party integrations.

Most often, there is a place to access potential integrations within your accounting dashboard. Once you’ve set up an account with the 3rd-party selection of your choice, data will automatically sync between the applications.

Makes sense, right? Okay, time to move on to the actual list…

Payment Gateways:

Between Stripe, Square, PayPal, Forte, Authorize.net, WePay, and countless other payment gateways, it’s easy to get overwhelmed by all your choices. Which is the best for your company? It’s hard for me to say without knowing your exact situation, but it is easy for me to share our Merchant Maverick favorites.

1. Braintree

Compatible accounting solutions: FreshBooks, Hiveage, and Invoicera. There is also API for developers.

Braintree is a popular payment gateway and merchant account service and one of our top choices at Merchant Maverick (we’ve given it a full 5/5 stars). Braintree offers great customer service, as well as a good selection of merchant account features. Some of these features include recurring billing, international account support, buyable pins on Pinterest (still in beta), and strong mobile apps.

Pricing:

  • Credit Card – 2.9% + $0.30/per transaction

If you are interested in Braintree, check out our full Braintree review for more details.

2. PayPal

Compatible accounting solutions: Xero, QuickBooks Online, QuickBooks Pro, Invoice2go, Harvest, GoDaddy Online Bookkeeping, AND CO, Invoicely, LessAccounting, Saasu, KashFlow, ClearBooks, BillingOrchard, Sage One,  Zoho Invoice, Zoho Books, and Wave.

You knew it was coming. PayPal is a world-renowned payment gateway and merchant account used by over 192,000,000 people. The service is easy to use and is available with virtually every accounting and invoicing software. PayPal offers a mobile app as well as free invoice creation.

Pricing:

  • In Store – 2.7%/per US swipe
  • Online & Invoicing – 2.9% +$0.30/per transaction

Price discounts are available for nonprofits and charities.

There is a history of user complaints about PayPal withholding funds, so our recommendation is that you may not want to rely solely on PayPal for your processing needs. For the most part, though, the company is well-liked. To read our full review, go here. If you are interested, we’ve also written a comprehensive review of the mobile version of PayPal.

Payroll:

Your company is growing, but your accounting software can’t keep pace—not in terms of payroll. What’s a business owner to do? Never fear; check out the following integration before throwing your current software out with the bathwater.

3. Gusto                                                                                                            

Compatible accounting solutions: FreshBooks, Xero, QuickBooks Online, and QuickBooks Pro. There is API for developers.

Gusto is a full-fledged Payroll processor (we actually use it for our own payroll here at Merchant Maverick). This software works to manage part-time, full-time, hourly, and salary employees, as well as contractors (or any combination of the five). In terms of features, you can’t beat Gusto. The complete payroll package includes benefits, health insurance, 401ks, reimbursements, vacation days, and sick days. You can even organize employees and contractors by team and pay everyone via direct deposit.

Pricing:

  • Base Price – $39/mo + $6/per employee

Gusto offers a free 30-day trial. To learn more visit the Gusto site.

Project Management:

Project management can be one of the most useful features in an accounting solution (and one of my personal favorites). Sadly, very few software companies offer project management tools—not even Xero or QuickBooks Online. This is when project management integrations come in very handy.

4. Basecamp

Compatible accounting solutions: Blinksale, Harvest, LessAccounting, FreeAgent, and Invoicely. There is API for developers.

Basecamp is used by over 100,000 business owners, just like yourself. The software is completely cloud-based and very user-friendly; it comes with all the features you would expect—projects, tasks, job costing reports—but also includes a lot of unexpected but very welcomed surprises. Some of these extra features include team communication tools and group chat, scheduling, to-do lists, automatic check-ins, reminders, client reviews, and gift certificates. The software also offers mobile apps for both iPhone and Android.

Pricing:

  • $99/mo

Teachers and students can actually access this software for free, and non-profits get a 50% discount. You can also receive a discount for paying annually. Basecamp offers a free 30-day trial.

To learn more about Basecamp, read our full review and/or watch this How It Works video.

5. WorkflowMax

Compatible accounting solutions: Xero, MYOB, and MoneyWorks. There is API for developers.

If you are looking for something on the cheaper side, WorkflowMax, a project management and time management hybrid, might be a better choice for your business. For such a small scale software, it is surprisingly common amongst accounting software integrations. Workflow Max’s features include jobs, tasks, timelines, quotes, invoicing, job costing reports, automated notification, and the ability to track time. Pricing is broken up by number of users.

Pricing:

  • 1 user – $15/mo
  • 2-5 users – $49/mo
  • 6-10 users– $110/mo
  • 11-20 users –$170/mo
  • 21-50 users – $250/mo

Learn more about WorkflowMax on their website or read our full review and see why we gave the software 4/5 stars.

Time Management:

Another integral feature often overlooked by accounting and invoicing software is the ability to track time. But hey, that’s what integrations are for!

6. Temponia

 

Compatible accounting solutions: Xero, Zoho Invoice, Zoho Books, QuickBooks Online, and QuickBooks Pro.

“When tracking time becomes saving time.”

That’s the motto of Temponia, a cloud-based time management software. Temponia offers an incredibly beautiful UI as well as scalable pricing plans. The software’s features are well laid-out and organized with a calendar interface. When you sign up for Temponia, you’ll get time tracking, budgeting, reports, reminders, timers, projects, and invoicing (that is better than even some invoicing software).

Pricing:

  • Starter – $5.90/mo
  • Team – $28/mo
  • Business – $49/mo
  • Enterprise – $122.50/mo

You can see pricing details and sign up for a free live demo here.

7. T-sheets

Compatible accounting solutions: Xero, QuickBooks Online, and QuickBooks Pro. There is API for developers.

Another time management option is T-sheets—a time tracking software with an optional booking component. This software is cloud-based and provides additional mobile apps. T-sheets differs from Temponia in a few key areas. In addition to time tracking and projects, T-sheets supports job-costing, POT (paid time off) tracking, approvals, shift scheduling, employee alerts and reminders, and a see-who’s-working feature. It is a time management, project management, and booking software all in one. Pricing varies depending on number of users.

Pricing:

  • 1 user – free
  • 2-99 users – Base fee of $16/mo + $5/mo per user
  • 100+ users – Base fee of $100/mo + $5/mo per user

You can receive a discount by paying annually, and a free trial of the software is available for those interested. Check out the T-sheets website for further details.

Point of Sale (POS) Software:

Outgrowing your invoicing tools and looking for a way to take your business’s sales to the next level? Here are our top 5/5 star POS recommendations.

8. Vend

Compatible accounting solutions: Xero, QuickBooks Online, and KashFlow. There is API for developers.

Vend, an intuitive SaaS program with great customer service, takes the cake for retail POS, especially for iPad users. Even though Vend is cloud-based, during internet outages the software will continue to work; it simply syncs stored data when the internet returns, which is pretty sweet if you ask me. In addition to operating as a basic POS system, Vend offers reports, inventory, stock control, customer profiles, and gift cards. Here is a basic summation of Vend’s pricing, but be sure to look at each plan in more detail to see which features you’re getting.

Pricing:

  • Free
  • Starter – $69/mo
  • Advanced – $99/mo
  • Multi-Outlet – $249/mo

There is a discount available for paying annually rather than monthly. It’s worth noting that Vend offers no API, so you won’t be able to design custom integrations. Learn more about why we love Vend in our full review and take the software for a spin with this free trial.

9. SalesVu

Compatible accounting solutions: QuickBooks Online and QuickBooks Pro. There is API available for developers.

Unlike Vend, SalesVu offers retail, restaurant, and service-industry POS—so whatever your business may be, SalesVu most likely has options for you. Like Vend, the software is easy to use and has good customer service. The system is designed for iPads and iPhones; features vary significantly depending on which type of POS you choose and include inventory, contact management, table reservations, online appointment scheduling, gift cards; you get the drift. The pricing plan is a bit confusing so bear with me.

Pricing:

  • Basic Restaurant Bundle – $75/mo
  • Basic Retail Bundle – $75/mo
  • Basic Beauty and Wellness Bundle – $75/mo
  • SalesVu for Restaurants – $150/mo
  • SalesVu for Retail – $150/mo
  • SalesVu for Beauty and Wellness – $150/mo
  • SalesVu for Professional Services – $150/mo
  • SalesVu for Wineries – $150/mo
  • SalesVu for Health Clubs – $150/mo

There is also an individual pricing module option. For those interested in SalesVu, check out our full review or contact SalesVu to schedule a demo.

Email Marketing:

There’s no monkeying around when it comes to email marketing. Okay, well maybe there is. Save yourself some valuable time and automate your email process with…

10. MailChimp

Compatible accounting solutions: FreshBooks, KashFlow, Harvest, Xero, QuickBooks Online, Sage One, Sage 50 (for Canada and US), e-conomic, Saasu, and ClearBooks. There is API for developers.

MailChimp is a powerful email marketing software combined with basic CRM features. The company processes over 5,000,000 emails every single month and is scalable for any size business. It offers an unbelievable amount of features, including analytic reports, email campaigns, contact lists, API, and a custom email designer. You can also organize contacts by different criteria (like location) and deliver emails by timezone. MailChimp supports multiple users and strong user permissions.

Pricing:

  • Forever Free
  • Growing Business – starts at $10/mo
  • Pro Marketer – additional $199/mo

To learn more about these pricing plans and to see pay-as-you-go options, click here. Check out our full MailChimp review and see why we gave it 4.5/5 stars.

eCommerce:

With more and more small businesses owners selling online, the world needs an eCommerce platform that can keep up. We’ve found just that.

11. Shopify

Compatible accounting solutions: QuickBooks Online, Bench Accounting, Xero, Sufio, Billy, AccountEdge, KashFlow, e-conomic, FreshBooks, Debitoor, and Sage 50. There is API for developers.

If you hadn’t heard of Shopify before, you have now—and I promise you will never live to regret it. Shopify is one of the biggest names in the eCommerce world, and for good reason. The company hosts over 325,000 online stores; it is easy to use and mobile-friendly. We often recommend it here at Merchant Maverick, especially because of the great features and scalable pricing plans. With Shopify, you get 100+ online store themes, branding, marketing and SEO, a shopping cart with secure checkout, payment gateway, store management, basic CRM, social media integrations, inventory management, and analytic reports.

Pricing:

  • Shopify Lite – $9/mo
  • Basic Shopify – $29/mo
  • Shopify – $79/mo
  • Advanced Shopify – $299/mo
  • Shopify Plus – call for pricing

The bigger the plan, the bigger the savings on credit card rates and transaction fees. Check Shopify pricing for more details.

Take advantage of the free 14-day trial or read our full Shopify review for more details.

Expense Tracking:

You probably got accounting or invoicing software so you could rid yourself of your Excel sheet/receipt box bookkeeping habits. So why do those receipts keep piling up? Why is your shoebox still overflowing? The answer is simple: you haven’t tried these expense tracking tools yet.

12. Receipt Bank

Compatible accounting solutions: Sage One, Xero, Twinfield, QuickBooks Online, KashFlow, FreshBooks, and FreeAgent. There is API for developers.

Receipt Bank is one of the most common expense management integrations on the market. Over 60,000 users rely on Receipt Bank to make uploading expenses easier. How does it work? Well, you simply use Receipt Bank’s mobile apps to snap a picture of your receipt. The app then extracts the important information and saves it to the expenses section of your accounting software. Pretty neat, huh? You can also set automation rules to streamline the process even more.

Single User Pricing:

  • 50 Items – $14.99/mo
  • 100 Items – $29.98/mo
  • 150 Items – $44.97/mo

Multi-User Pricing:

  • 50 Items – $25/mo
  • 100 Items – $40/mo
  • 150 Items – $55/mo

There are two larger plans available upon request. Receipt Bank also realizes that anticipating items is tricky and offers a flexible item limit policy. Additionally, you can take advantage of a 14-day free trial of the software so you can become better acquainted with this time-saving tool.

13. Shoeboxed

Compatible accounting solutions: QuickBooks Pro, QuickBooks Online, Xero, GoDaddy Online Bookkeeping, and Wave. There is API for developers.

Shoeboxed is another big player in the receipt management world. It is just intuitive as ReceiptBank, albeit a little different. Instead of taking pictures of your receipts, you place them in a free “magic envelope,” send them off, and everything is taken care of for you. Shoeboxed takes the data from your receipts and archives them for you automatically. In addition to expense management, Shoeboxed also offers basic CRM features and reporting. For a full list of features, go here.

Pricing:

  • Lite – $9.95/mo
  • Classic – $29.95/mo
  • Business – $49.95/mo

Learn more about Shoeboxed here.

Customer Relationship Management (CRM):

Almost all accounting and invoicing software programs come with CRM features, but the quality of these tools varies significantly between companies. If you’re looking for CRM capabilities your current software doesn’t provide, it might be worth investing in a CRM-focused add-on.

14. Insightly

Compatible accounting solutions: Xero, QuickBooks Online, and QuickBooks Pro. There is API for developers.

I don’t know if I believe this company when they claim “our CRM gives you super powers,” but I do believe Insightly is a super powerful CRM. Not only does Insightly handle contact and lead management, it also boasts strong project management, a beautiful UI, and well-developed mobile apps. One of the coolest ways Insightly helps generate sales and new customers is by integrating directly with your email, social media site, and website to automatically create an address book of leads. Other features include a calendar, mass emailing features, email templates, support, reports, and the ability to track new sale opportunities.

Pricing:

  • Free
  • Basic – $15/mo per user
  • Plus – $35/mo per user
  • Professional – $59/mo per user
  • Enterprise – $129/mo per user

Insightly offers a free 14-day trial of any of the paid plans and a discount for annual subscriptions. Check out Insightly here or watch a quick overview video.

15. Capsule

Compatible accounting solutions: Xero, FreshBooks, FreeAgent, KashFlow, Billiving, and ClearBooks. There is API for developers.

“There’s something to be said of the small business which caters to small business.”

Capsule is another CRM option that could be a good choice for smaller operations. Like Insightly, Capsule is easy to use and offers mobile apps. The company maintains strong security and is competitively priced. The Capsule feature set includes contact management, lead management, vendor management, sales pipeline, task management, recurring tasks, and file storage.

Pricing:

  • Free
  • Premium – $12/mo per user

Important: Capsule is not designed for large businesses. If you are interested in the software, peruse our full Capsule review and take the free 30-day trial for a run.

Booking:

Keep forgetting your day planner? Unsatisfied with the calendar app on your phone? Tired of losing post-it note scribbled appointments on your desk? Welcome to the world of booking software.

16. Full Slate

Compatible accounting solutions: QuickBooks Online and QuickBooks Pro.

Full Slate is cloud-based booking software that makes it easy to both schedule your own appointments and enable your clients to set up appointments with you. The UI is designed nicely, and everything is color coded for maximum organization. Full Slate offers different calendars for appointments, classes, and personal events (some users might hate this separation, but others seem to love it). In addition to these booking features, Full Slate also has CRM, sales tracking, basic reports, and the ability to set recurring appointments.

Pricing:

  • Just You – $29.95/mo
  • Up to 5 Staff – $49.95/mo
  • Up to 10 Staff – $79.95/mo

Have more than 10 staff members? Call for pricing.

Full Slate doesn’t offer a free trial; instead, the software is free until you exceed 10 booked appointments or 100 events. Read our full review of Full Slate to see why we gave the software 4.5/5 stars.

17. Acuity Scheduling

Compatible accounting solutions: FreshBooks, Xero, QuickBooks Pro, QuickBooks Online, Invoice2go, Zoho Books, and Saasu. There is API for developers.

Over 500,000 people currently use Acuity Scheduling, and for good reason. It is an easy to use, customizable booking software with a strong feature set and single calendar. And to top it off, it’s affordable. Like Full Slate, Acuity Scheduling offers CRM and recurring appointments. But in contrast to Full Slate, Acuity Scheduling supports inventory, company promos, coupons, two-way Google calendar sync, and payment gateways, as well as the ability to track order history and manage time zones.

Pricing:

  • Free
  • Emerging Entrepreneur – $10/mo
  • Growing Business – $19/mo
  • Powerhouse Player – $34/mo

Acuity Scheduling offers a free 14-day trial of any of the paid plans. Read our full review to see why Acuity Scheduling also gets 4.5/5 stars.

Customer Service:

Nothing beats service from the boss himself, but if your company is growing faster than you expect, or if you are spending more time answering customer questions than running your business, it may be time for to pass the baton.

18. Zendesk

Compatible accounting solutions: Harvest, QuickBooks Online, and Xero. There is API for developers.

Zendesk is actually the customer service tool used by several major accounting and invoicing software companies. (If it’s good for them it’s good for you right?). Zendesk offers support in the forms of phone, chat, message, text, social media, email, knowledge bases, and help desks. Pricing plans vary in the types of support service offered, so be sure to check out the pricing page before making any decisions.

Pricing:

  • Essential – $5/mo per agent
  • Team – $19/mo per agent
  • Professional – $49/mo per agent
  • Enterprise – $99/mo per agent
  • Elite – $199/mo per agent

Zendesk offers a free 30-day trial and demos that you can schedule at any time. To learn more about how Zendesk works, watch this video and check out Zendesk’s services.

Tax Tools:

Let’s face it, nobody likes tax season. You probably even cringed reading those words. But these integrations can help.

19. Track1099

Compatible accounting solutions: Xero, QuickBooks Online, QuickBooks Pro, Xero, Zoho Books, Zoho Invoice, and Intacct. There is API for developers.

Track1099 is a robust tax support tool that allows small businesses to e-file necessary tax forms (the most notable being 1099s, W-2’s, W-4’s, and W-BENS). Come tax time, simply send the proper forms to your employees via email. They will fill them out in an incredibly user-friendly portal (I’ve done it myself and the process is easy as can be). Then you receive a copy of the form, and voila! You’ve completed your taxes as fast as Augustus Gloop can eat a pool of chocolate.

Pricing:

  • 25 Forms – $9/year
  • 150 Forms – $59/year
  • 5000 Forms – $199/year

Note: The type of form you can purchase on these plans is dependent on the plan you buy, so be sure your necessary forms are supported before purchasing. Learn more here.

20. Avalara

Compatible accounting solutions: Sage, Sage 100, Sage 500, QuickBooks Online, QuickBooks Pro, Zoho Invoice, Zoho Books, Xero, and Intacct. There is API available for developers.

Avalara is a sales tax solution for small businesses. A few accounting software companies have made Avalara a part of their system out-of-the-box, while many others offer it as an optional integration. Basically, this add-on automatically determines the sales tax for your clients based on geolocation, saving you time (and since time is money, well it’s saving you that too).

The worst part about Avalara is that they do not post prices on their site and request interested persons to call them instead. You’re probably thinking, “So I have to make a phone call? Big whoop!” Well, it wouldn’t be an issue except that the Avalara representatives are incredibly pushy and pricing can be a bit steep.

That being said, this add-on may still be worth it for the ease of automated sales tax. That’s up to you to decide. You can learn more by watching this video and the visiting the Avalara site.

Specialty Integrations:

Still haven’t found what you’re looking for? Here are a few more specialized integrations that might be the perfect fit for you.

21. For Nonprofits – Sumac

Compatible accounting solutions: QuickBooks Online and QuickBooks Pro.

While many software companies offer nonprofit discounts, there are few software options that are designed specifically for nonprofits. That’s what makes Sumac so great. Sumac is a locally installed program (though you can pay an extra $25/mo for use with the cloud). The software begins with basic CRM (the Bronze plan below) that is tailored to manage and store nonprofit information specifically. The feature set of the software depends on the specific plan you choose, but your choice in features can include time tracking, invoicing, email marketing, donation management, event management, grant management, booking, auctions, and more. Check the pricing plan for more details.

Pricing:

  • Bronze – Free
  • Silver – $20/mo
  • Gold – Custom price, calculate here
  • Platinum – Starts at $400/mo

Sumac offers a free trial of their software. Watch this video or proceed to their site to learn more about how this software works.

22. For Freelancers – Cushion

Compatible accounting solutions: Xero.

Cushion is a simple, easy to use freelancing solution that helps you keep track of your work. The features are limited but effective and the pricing is competitive. With a Cushion plan, you get the ability to track invoices, track jobs, view monthly income, set goals, track expenses, and to view and organize all of you projects in a calendar.

Pricing:

  • Moonlighter – $6/mo
  • Freelancer – $12/mo
  • Studio – coming soon

Check out Cushion if you are interested in this organization solution.

23. For Team Communication – Slack

Compatible accounting solutions: Zoho Invoice and Zoho Books. There is API for developers.

Communication is hard. But Slack has found a way to make it easy. Slack is a powerful communication platform (we use it here at Merchant Maverick, in fact). It allows you to have private or public team conversations, send direct messages, attach images and documents, as well as make calls.

Pricing:

  • Free
  • Standard – $8/mo per user
  • Plus – $15/mo per user

If you’re tired of jumping between emails and texts, Slack is a great, affordable solution. You can learn more here.

24. For Partial Payments – Partial.ly

Compatible accounting solutions: FreshBooks and QuickBooks Online.

As you probably guessed from the title, Partial.ly is a payment solution that allows customers to make partial payments on products or services. You can create custom payment plans for your clients who then get access to a personal client portal. The software uses Stripe as its payment gateway. Note: Before you freak out at the credit card rate below, understand that Partial.ly uses this fee to cover all Stripe fees, so you are only charged once.

Pricing:

  • Credit Card Rate – 5% + $0.30/per transaction

Learn more about how Partial.ly can work with your business here.

25. For Everything Else – Zapier

Compatible accounting solutions: Xero, QuickBooks Online, QuickBooks Pro, FreshBooks, Wave, FreeAgent, Zoho Invoice, Zoho Books, Saasu, LessAccounting, Hiveage, Proposify, QuoteRoller, and InvoiceNinja. There is API for developers.

I promise I’m not kidding. If your accounting or invoicing software has a Zapier integration, that means you have access to over 750+ apps and integrations. Zapier works as its own sort of API in that it gives you endless connections to apps you otherwise may not have been able to access.

Pricing:

  • Free
  • For Work – $20/mo
  • For Teams – $125/mo

Learn more about how Zapier works and how to maximize your business with Zapier here.

The End

While this may be the end of a post, there is no end to the number of accounting and invoicing integrations out there. I hope that in 2017 you are able to make the most of these powerful tools.

My own New Year’s Resolution is to continue helping business owners like you as much as I can—and preaching the gospel of these 25 hidden gems is the best way I know how. But I can always use more help getting the word out! Let me know which accounting integrations have helped you succeed and if I have missed any of your favorites!

The post 25 Must-Have Accounting Software Integrations for 2017 appeared first on Merchant Maverick.

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QuickBooks Online versus. FreshBooks

QuickBooks Online vs. Freshbooks

QuickBooks Online Versus FreshBooks
✓ Accounting
✓ Features
✓ Prices
Tie Software or hardware Needs Tie
✓ Users and Permissions
Simplicity of use ✓
Mobile Phone Applications ✓
Customer Support and Support ✓
✓ Negative Reviews and Complaints
Positive Testimonials and reviews ✓
✓ Integrations ✓
Tie Security Tie
? Final Verdict ?
Read Review Read Review
Visit Site Visit Site

In the realm of accounting, a lot of companies are racing is the #1 cloud-based accounting solution. And surprisingly, QuickBooks Online isn’t the only real runner within this race. A couple of other plucky accounting solutions, including FreshBooks, are giving the organization a run for his or her money.

Both QuickBooks On the internet and FreshBooks are cloud-based software packages made with small companies in your mind.

QuickBooks Online is a big player around the accounting scene since 2004. With advanced accounting features, beautiful invoicing, and also over 400+ integrations, it’s easy to understand why the program is really famous.

FreshBooks, also founded in 2004, now serves over 5,000,000 customers. With a brand new design and added usability, the program is simpler to navigate than ever before. It provides strong invoicing, full-featured mobile phone applications, along with other fundamental bookkeeping tools.

But which software will mix the metaphorical finish line first and are available out on the top? Well, that’s what we’re here to let you know.

At Merchant Maverick, our goal is to enable you to get the best software for your online business needs. To make your mind up simpler, we’ve carefully researched and tested both products. We’ll put QuickBooks On the internet and FreshBooks mind to mind by evaluating features, prices, customer experience, status, and much more, which means you don’t need to.

Don’t have enough time to see the entire publish? Or searching for any different accounting option? Take a look at our top-rated accounting methods to see the most popular recommendations.

Accounting:

Champion: QuickBooks Online

This can be a no brainer—QuickBooks Online wins automatically because FreshBooks isn’t truly accounting software. FreshBooks advertises itself being an invoicing and accounting solution, however it lacks double entry accounting abilities, accounting reports, along with a chart of accounts. The program has a couple of nice bookkeeping touches that distinguish it from a number of other invoicing software companies, however these features aren’t enough to really make it a real accounting solution.

QuickBooks Online, however, offers the full accounting package.

This doesn&#8217t eliminate FreshBooks entirely, however. Small companies might really be capable of getting by having a couple of light bookkeeping tools, like expense tracking. However for companies who require the real thing, QuickBooks On the internet is what you want.

Features:

Champion: QuickBooks Online

Features QuickBooks Online FreshBooks
Invoicing ✓ ✓
Estimates ✓ ✘
Client Portal ✘ ✓
Expense Tracking ✓ ✓
Bank Reconciliation ✓ ✘
Chart of Accounts ✓ ✘
Managing Contacts ✓ ✓
Accounts Payable ✓ ✘
Project Management Software ✘ ✓
Time Tracking ✓ ✓
Inventory ✓ ✘
Reports ✓ ✓
Budgeting ✓ ✘
Classes ✓ ✘
Multi-currency ✓ ✘
Florida Sales Tax ✓ ✓
Tax Support ✓ ✘

Besides QuickBooks Online offer more features than FreshBooks, the characteristics it’s tend to be more developed and powerful. For instance, both software companies offer invoicing, but FreshBooks only provides you with two templates to select from while QuickBooks Online has five. Furthermore, QuickBooks Online has the best invoice customizations available. Even though FreshBooks only offers six reports, QuickBooks Online enables you to definitely generate 44-106 reports (with respect to the prices plan you select).

FreshBooks has project management—a feature QuickBooks Online lacks however with tax support, accounts payable, budgeting, class tracking, and multi-currency abilities, it’s easy to understand how QuickBooks Online takes the wedding cake within this category.

Prices:

Champion: QuickBooks Online

QuickBooks Online offers prices plans varying from $15-$40/mo. FreshBooks&#8217 plans vary from $15-$50/mo. Although each one has similar prices, you receive more value for your money with QuickBooks Online. QuickBooks Online offers much more features than FreshBooks, and also the largest plan would help you save $10/mo compared to FreshBooks.

Software or hardware Needs:

Champion: Tie

As cloud-based software, both QuickBooks On the internet and FreshBooks are suitable for nearly any device as long as you possess an web connection.

Users and Permissions:

Champion: QuickBooks Online

Neither software programs are particularly generous with regards to the number of users permitted. QuickBooks Online supports a measly 1 to five users with respect to the prices plan, while FreshBooks offers merely a single user (additional users cost $10/mo/per user). Regrettably for FreshBooks users, this isn’t a cost-effective solution for a lot of small companies. Furthermore, FreshBooks presently offers zero users permissions, forfeiting this category to QuickBooks Online.

While I’d want to see QuickBooks Online offer more users, the program does get user permission right. It is simple to control featuring each user accesses. For additional specific information on user permissions, visit here.

Simplicity of use:

Champion: FreshBooks

QuickBooks Online takes after its counterpart, QuickBooks Pro, meaning the software programs are sometimes hard to navigate and comes a learning curve (not nearly towards the extent of QuickBooks Pro, but nonetheless).

FreshBooks, however, is amazingly simple to learn and employ. The program is well-organized and intuitive, having a beautiful UI and ample customer care whenever you do lose the right path.

Mobile Phone Applications:

Champion: FreshBooks

FreshBooks has the best mobile phone applications available on the market. A lot of companies create apps that just have a couple of from the software’s abilities. FreshBooks, however, has produced full-featured mobile phone applications that are simple to use and preferred among many. The apps receive 4.6/5 stars on iTunes and 4.2/5 stars on the internet Play Store.

QuickBooks Online has gotten fairly good ratings generally on their own mobile phone applications, but there are plenty of user complaints concerning the apps glitching and crashing. The apps will also be are fairly limited when it comes to features.

Customer Support and Support:

Champion: FreshBooks

For those who have even read a QuickBooks review, you will know customer support is not the company’s strong suit. Absurd wait occasions, naive representatives, along with a complete insufficient email support put QuickBooks Online inside a bad place. FreshBooks, however, offers incredible customer care. I have not been placed on hold when calling FreshBooks, and representatives will always be informed and sort. The organization also provides lots of support options together with a help center, webinars, as well as in-software support.

FreshBooks, on the other hand, offers incredible customer care. I have not been placed on hold when calling FreshBooks, and representatives will always be informed and sort. The organization also provides lots of other support options, together with a help center, webinars, as well as in-software support.

Negative Reviews and Complaints:

Champion: QuickBooks Online

This really is one category QuickBooks Online shouldn’t wish to win, but these are! QuickBooks Online has presently received 2.4/5 stars on G2Crowd, a rating to display many customer complaints. Poor customer support, bugs, limited mobile phone applications, as well as unauthorized charge complaints are reasons that buyers find fault using the software.

FreshBooks, however, has gotten couple of customer complaints.

Positive Testimonials and reviews:

Champion: FreshBooks

Even though many users praise QuickBooks Online, FreshBooks takes the win here, boasting both a sizable share of accolades and less complaints. FreshBooks comes with an A+ rating around the BBB website and it has received 4.7/5 stars on GetApp according to over 800 reviews (about this same site, QuickBooks only receives 4.1/5 stars according to 600 reviews).

FreshBook users understand the software’s simplicity of use, strong mobile phone applications, and amazing customer support.

Integrations:

Champion: QuickBooks Online

QuickBooks Online offers over 400+ integrations, while FreshBooks has only 19.

Security:

Champion: Tie

QuickBooks On the internet and FreshBooks take similar security safeguards. Both companies boast SSL file encryption, secure data centers, redundant data backups, regular testing for intrusions and vulnerabilities, and physical safeguards too.

To understand more about cloud security read our article, Is My Accounting Safe within the Cloud? and what’s SSL? An Initial Take a look at Internet Security.

And also the Champion is…

QuickBooks Online Vs. FreshBooks

When we&#8217re speaking about which software works as a better accounting solution, FreshBooks was disqualified right from the start. When it comes to features, FreshBooks is much like a little kid who would like to operate on the track team together with his older brother. He isn’t of sufficient age to qualify and doesn’t are able from the bigger boys you allow him to run anyway while he labored so difficult and it is so cute.

FreshBooks has labored very difficult like a company to provide easy-to-use software and amazing customer support. They’ve produced an excellent invoicing product with higher customizations along with a beautiful client portal, as well as their project management software feature is really great. However, there’s no getting back from the truth that FreshBooks just isn’t accounting software.

QuickBooks On the internet is a complete accounting package folded up into handy, cloud-based software. It provides robust features, better prices, strong security, and ample integrations. Therefore, it-not only beats FreshBooks within this match-up but has additionally earned the title &#8220Best Accounting Software for Small Companies&#8221 at Merchant Maverick.

But simply because QuickBooks On the internet is the champion here does not necessarily mean that it’s the best option for the company. You may want the simplicity FreshBooks, or you want to look at another software entirely. Regardless of the situation, our comprehensive reviews will help you make an educated decision on your search for that perfect accounting software.

Read our full QuickBooks On the internet and FreshBooks reviews to learn more. After doing all of your research, take benefit of the disposable trials that accounting software companies offer and you can achieve by helping cover their any queries you’ve on the way.

Get Began With QuickBooks Online

Get Began With FreshBooks

The publish QuickBooks Online versus. FreshBooks made an appearance first on Merchant Maverick.

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10 Questions you should ask When Selecting Accounting Software

Choosing Accounting Software

Selecting accounting software is like playing Clue. The reply is available, however, you don’t always know where to start or what questions you should ask.

The next ten questions are made to assist you to choose which software is the best for you, it doesn’t matter how far along you’re in the quest for the right accounting solution. This publish provides you with the important information to at least one) narrow lower your needs, 2) pick which information mill reliable, and three) respond to questions you didn’t know you possessed to inquire about.

Allow the games begin.

Table of Contents

1) The things that work about my current accounting process?

No matter whether you’re already using accounting software or just counting on a calculator along with a spreadsheet in either case, it’s vital that you consider what’s working regarding your current accounting process prior to making a big change. What features would you love regarding your current computer software? Does oneself-designed .xcel spreadsheet provide you with something which makes it easy to maintain your business organized? Perhaps you have an email taking methodology or perhaps a reminders system that keeps yourself on track. Or you prefer to by hand reconcile your accounts so that you can feel in charge of your money.

Your brand-new accounting software should address, meet, and/or exceed all of the aspects you want regarding your current system it’s fundamental to hang to the stuff that happen to be working well. (If there is nothing on your side at this time, you’re in the best place. Continue reading!)

2) What doesn’t work about my current process?

I know you saw that one coming. It’s time for you to consider what isn’t dealing with your present process. Maybe your software slow and outdated, or perhaps your overstuffed receipt shoebox is making you mad. Your organization might have simply outgrown .xcel sheets and paper ledgers. Worse, you might not possess a working accounting system whatsoever. Be cautious and particularly by what isn’t working create a list if you need to, and employ their list like a jumping point for the accounting software search. Whenever you truly know very well what is working and just what isn’t, you’ll be able to locate a cpa solution that addresses problems but additionally leaves good enough alone.

3) Which kind of small company have i got?

Surprisingly, all accounting software programs are not produced equal. Each program was created with specific business sizes and types in your mind. It’s vital that you think about the unique requirements of your business and your industry so that you can better understand which software will best suit you perfectly. For instance, a freelancer may have completely different needs than an entrepreneur with 50 employees.

Some software packages are created for accrual accounting while some aim at cash basis accounting (and a few offer both). Which approach to accounting would you use at this time? Which method would you love to use? (Definitions for accrual versus cash basis accounting are located here.)

4) Where will i want my company to stay in twelve months? 3 years? 5 years?

Your house you’re a mother who’s launching a little side business to usher in some extra cash. You’ve began out by baking for buddies inside your free time, however when your children proceed to college inside a couple years you intend to develop a good enough clientele to spread out your personal loaves of bread.

You can opt for a remarkably fundamental accounting software right now–that would probably be enough to deal with your modest needs. However in two years’ time you may outgrow it entirely. Then you’d need to start the quest for a cpa software once again.

It is crucial to think about your future strategic business plans along with your current needs. This way, you may choose an application which will grow along with you as the business does. If you know you intend on remaining in the same level for 5 years, that would be ideal too. Simply getting an agenda can make it simpler to determine featuring you require from a possible accounting software.

5) Featuring will i absolutely need from your accounting software?

This really is most likely the issue you thought I’d ask in the beginning—and with higher reason. You select a cpa software because of its features greater than other things.

In the past steps, you’ve considered your present accounting process, your kind of business, and the kind of business you need to become. Now featuring must you accomplish this?

Should you not know much about accounting software, that may really be considered a hard question. Allow me to allow it to be simpler for you personally by providing a comprehensive list of the numerous accounting features you need to select from.

  • Invoicing
  • Recurring invoicing
  • Custom invoice template designs
  • Email
  • Quotes/estimates
  • Client portal (see Zoho Books)
  • Managing contacts
  • Lead management
  • Vendor management
  • Request testimonials
  • Expense tracking
  • Receipt checking
  • Separate business and personal expenses
  • Live bank feeds
  • Bank reconciliation
  • Chart of accounts
  • Manage bills
  • Project management software
  • Job-costing
  • Personal time management
  • Payroll
  • Direct deposit
  • Inventory
  • Class tracking (see QuickBooks Online)
  • Reports
  • Budgeting
  • Track mileage deductions
  • Florida sales tax abilities
  • Tax support
  • Notecards
  • To-do lists
  • Packing slips
  • Purchase orders
  • Sales orders
  • Journal records
  • User permissions
  • Print checks
  • Multi-currency
  • Multi-language
  • Multi-company
  • Import/export abilities
  • Mobile phone applications

6) Featuring will i want to possess if at all possible?

Among the best parts in regards to a good accounting computer software (and a primary reason you might be searching for just one) is constantly saved. Accounting software should really help make your existence simpler, not harder. That is why within our reviews, the greater automations offered, the greater the rating (generally). What features or automations take presctiption your wish list? What extras can you add should you have had your druthers? You might need invoicing for the company, however, you may want the opportunity to send recurring invoices. You might need expense tracking–but it might help you save considerable time and frustration to locate a software which provides receipt checking.

Everyone’s automation wish list differs. Yours might include automatic bank transactions, custom bank rules, auto schedule invoices, batch invoices, default e-mail, default conditions and terms for invoices, auto reminders for purchasers with overdue payments, recurring bills, auto indication for bills, and/or low inventory reminders.

At this time, I’d return to your list from earlier or create a replacement which enables you to definitely record both features you would like and also the features you’ll need. If this all boils lower, you’re likely to aim for an application that checks all the boxes…but it will help to understand featuring are optional and that are deal breakers for the company.

7) Just how much shall we be held prepared to invest in software?

This is actually the kicker for a lot of companies. Fortunately for you personally, you will find software options in most prices ranges—including free. Sit lower together with your records and/or advisors to go over just how much you are prepared to invest in your software each month (or each year should you decide on a yearly subscription plan or in your area installed software).

If you’re a small startup which can’t afford to cover accounting software whatsoever, take it easy. Free SaaS solutions like Wave have your back.

8) Will I desire a cloud-based or in your area installed software?

Another essential factor when thinking about accounting software programs are regardless of whether you want web-located software or in your area installed software.

  • Web-Located – Software located within the cloud that provides mobility and it is generally accessible on any browser or device (including iPads and smartphones).
  • In your area Installed – Software that’s downloaded and installed on one computer (though some programs include a choice of multiple installations).

As the cloud is certainly the large new factor for accounting software, many people just prefer in your area installed software. For additional help deciding backward and forward, read our blog Accounting Software: Cloud-based or In your area Installed?

9) Will I need/wish to keep any current integrations or payment gateways?

If you are presently using software, you’re most likely already mounted on certain add-ons or payment gateways. If that’s the case, make certain your brand-new software works with these.

This is an excellent time for you to observe that, should you are transitioning in one software system to a different, you need to check out the possibility new program’s importing and conveying abilities so you can be certain your preexisting company information transfers over nicely.

10) What must i use all of this information?

Since you’ve done some preliminary taking into consideration the kind of software you’re searching for, it’s time for you to commence the search. Grab your list, keep your seat, and start researching your accounting software options.

Should you not know how to start, check out this web site series:

…or check out our accounting software comparison chart below:

Once you’ve think of a couple of contenders, or think you’ve chosen a great software, check the other half want to know ,: Ten More Questions You Should Ask When Selecting Accounting Software.

Chelsea Krause

Chelsea Krause is really a author, enthusiastic readers, and investigator. Additionally to loving writing, she grew to become thinking about accounting software due to her constant need to learn something totally new and know how things work. When she’s no longer working or daydreaming about visiting England, she are available creating new tales, consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files.

Chelsea Krause

“”

10 More Questions you should ask When Selecting Accounting Software

Hello, we meet again. Hopefully, right now you’ve read 10 Questions you should ask When Selecting Accounting Software and clarified the very first ten questions of the series. At this time, you ought to have a couple of more clues about the kind of software you need—but we’re dirty yet.

These next ten questions are made to make certain the specific computer software(s) you’re thinking about meets your requirements. We’ll also cover how you can make certain the program company you ultimately choose is reliable and reliable. By question 20, you ought to have all the details you have to select the very best software for your online business.

Table of Contents

11. Could it be accounting software?

Must be company calls its product accounting software doesn’t allow it to be so. A course must meet a couple of needs to become considered true accounting software:

  • Double-entry Accounting – In double-entry accounting, every transaction is recorded twice–once like a credit and when like a debit. When the program you’re thinking about doesn’t offer double entry accounting, it’s not really accounting software. To understand more about double entry accounting (and it is importance) read our posts The Fast Help guide to Accounting Terms and ideas and what’s Double-Entry Accounting (And Do You Want It)?
  • Accounting Reports – Certain reports are integral to true accounting software, including Profit and Loss, Trial Balance, Balance Sheet, General Ledger, Aged Payables, Aged Receivables, and Journal Records.

For business proprietors searching for any real accounting solution, this stuff are 100% necessary. That stated, for freelancers, micro companies, and a few small companies that merely require light bookkeeping features, the above mentioned features might not be as vital.

12. Is there the characteristics I want?

If the reply is yes, pass go and collect $200.

If no, it’s to enter board. Hit the books again!

13. Is there the characteristics I would like?

Presuming you’ve browse the first article within this series (10 Questions you should ask When Selecting Accounting Software), you’ll have previously made a summary of wants–features you do not strictly need but would enjoy should you have had your druthers. When the software you’re thinking about covers these, congratulations! Otherwise, there are just two steps you can take:

a) Enable your dream wishlist go and become happy to accept the characteristics you’ll need.

b) Add some features you need to their email list of features you need.

Before you decide to state that seems like cheating, hold on just for a second.

I’m a very indecisive person. Someone once explained to assign two options to either side of a coin and switch it (knowing me I had been most likely attempting to decide from a caramel mocha or vanilla latte, or something like that equally banal). She didn’t specify whether heads or tails would win the toss rather, she stated when I felt disappointed using the result, i then had already made my decision.

Exactly the same concept applies here. If you think crushed at the possibilities of losing an element you formerly considered optional, then you definitely need which include. A minimum of in my opinion.

14. Will it offer integrations or add-ons to compensate for missing features?

Don’t toss the baby by helping cover their the bathwater before you decide to reject a course because of not getting an element you need or want, consider the potential of integrating having a 3rd-party solution.

Desire a non-hypothetical example? Your house that you simply adore QuickBooks Online but can’t abide the truth that it doesn’t offer project management software tools. Stop worrying! Within this situation, an integration with Insightly CRM may permit you to kill two wild birds with one stone.

It’s worth noting that lots of integrations and add-ons come at additional cost, so keep this in mind too.

15. Could it be affordable and scalable?

Small companies will be able to obtain a good, full-featured software for approximately $20-35/mo. For bigger companies with multiple users and payroll, prices plans will vary from $35-$50/mo. If you’re having to pay greater than this to have an SaaS solution (in your area-installed software and FINSYNC excluded), you’d most likely need to be choosing another program.

However, if you’re having to pay under $20-50/month, make certain you’re really having your money’s worth. Many companies’ tiniest plans offer less features and much more limitations (using the exception of Wave’s forever-free prices structure) in these instances, by spending just a little more monthly, you’ll have a far better value for the dollar.

For those who have intends to increase your company, make certain you select a cpa software that may grow along with you. You are able to tell an application is scalable whether it offers multiple prices plans and doesn’t charge an crazy amount for further users. (Xero is a superb illustration of a scalable solution.)

When the software you’re thinking about has was to the last five questions, it might be tempting to proceed carelessly and sign your soul away at this time. Never be rash! The solutions to those next five questions are really important when figuring out whether your software company of preference is reliable (and when your private data is going to be secure). Prior to you making any final decisions, please give careful considered to the next questions and seek information. I promise it will likely be worthwhile.

16. Will my data stay safe?

This ought to be probably the most important questions you may well ask, especially if you’re searching at cloud-based software. You’ll need a company that’s upfront and particular regarding their security. Otherwise, they might be hiding something.

Safe, reliable companies go ahead and take following safety measures:

  • 256-bit SSL file encryption
  • Firewalls
  • Regular data backup
  • 24/7 surveillance
  • Invasion recognition
  • Multiple data centers
  • Other physical safety measures

If you’re worried about the safety of the organization you’re thinking about, perform a little digging. All of our accounting software reviews includes a detailed section on security our blog contains multiple posts about SSL file encryption and cloud security too.

17. What exactly are others saying?

Discover what existing customers like and dislike concerning the software this is often a great indicator of whether a business is reliable and price using. If you notice specific positive feedback that addresses your personal wishes and goals for any prospective accounting software, you’ve most likely found a high quality one.

Complaints and negative comments are inevitable, but whenOrwhenever you encounter negative reviews, make certain their customer support has addressed the problems inside a timely manner–that generally is a good sign. If you are visiting a pattern of problems where the organization is not quick to reply, I’d start to look elsewhere.

Common review sources I use include G2Crowd, TrustRadius, Complaints.com, and GetApp.

18. Can there be good customer care?

I’ve needed to learn and master a large number of new software packages, so believe me when i state you shouldn’t find yourself in trouble with bad customer support. A great accounting software company will hire friendly and knowledgeable representatives and supply as numerous avenues of support as possible—phone, email, Help Center, live chat, video lessons, Understanding Bases, blogs, social networking, etc. The greater the merrier.

19. May be the software updated frequently?

Frequent updates would be the manifestation of an increasing, thriving company. Stagnant software isn’t a good omen, and has a tendency to imply that company isn’t succeeding, their focus is elsewhere, or it normally won’t worry about their product—all which place you in a poor place.

Company blogs, archives, and roadmaps make the perfect spot to track updates.

20. Will I like while using software?

Within the finish, this really is the most significant facet of selecting accounting software. Would you really like while using software? Should you not enjoy it, you will not utilize it. Simple as that.

It’s beyond imperative to accept software you’re thinking about for any test run. Almost all companies provide a free trial offer that you could access, nsa.

When you are testing the program, think about the next questions: Will I such as the organization from the software? Is the style of the program great looking?

It appears silly, however these things do matter. Ugly colors and clumsy layouts have destroyed many a normally great computer software. Your gut feelings–even about something as mundane as color schemes–reflect your values and may reveal what’s vital that you you.

Personally, if your software doesn’t provide appealing, professional invoices with a lot of customizations options, i then usually don’t enjoy it. I will always be very into design, and I love to be in charge of my invoicing. I would like software that enables me to alter the colours and font of the invoice template. Everybody values various things project management software tools or tax features may be the hillsides you wish to die on.

Ultimately, everything comes lower as to the you want and just what is useful for your company.

Ok Now What?

I really hope this short article series continues to be useful and you tend to be more prepared than ever before to find the perfect accounting computer software. If Merchant Maverick can help you in almost any further way, please tell us. Happy hunting!

Chelsea Krause

Chelsea Krause is really a author, enthusiastic readers, and investigator. Additionally to loving writing, she grew to become thinking about accounting software due to her constant need to learn something totally new and know how things work. When she’s no longer working or daydreaming about visiting England, she are available creating new tales, consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files.

Chelsea Krause

“”

Business News along with other Tales for March 2017

A part of our work at Merchant Maverick is remaining on the top of recent developments and trends within the industries that people cover. We learn so much from this news article, blogs, and message boards we frequent. A lot, actually, that you want to share our understanding along with you inside a more direct fashion.

Here’s phone most fascinating, thoughtful, and newsworthy articles, forum posts, and websites the Merchant Maverick team continues to be studying for that month of March.

Table of Contents

General Business

Let’s Shift the Narrative On Women Running A Business Huffington Publish
Look at this writer’s perspective on motherhood, success, and business.
58% of High-Performance Employees Say They Require More Quiet Workspaces CNBC
A current survey reveals that open offices might be killing productivity. Most high-performing employees state that they find the work they do atmosphere distracting.
Infographic: 25 Features Watch Website Should have in 2017 Entrepreneur
View this infographic for any quick summary of the characteristics your company website will include.

Merchant Services

All you need to Learn about Charge Card Processing Holds Pay Simple
A processing hold is any merchant’s worst nightmare. PaySimple explains the various possible kinds of holds and the best way to mitigate the chance of encountering one.

eCommerce

5 Little-Known Copywriting Mistakes That Snuff Your E-Commerce Sales Forbes
Reviewing your site’s content? Look at this article from Forbes to learn to enhance your copy.
Florida Sales Tax Nexus Hits FBA Sellers Practical Ecommerce
If you are using FBA to ship your product or service, you might be collecting florida sales tax incorrectly. Look at this article to higher understand nexus and just how it pertains to your florida sales tax calculations.
7 Tweaks We Designed To Our Online Shop That Drastically Improved Sales My Spouse Quit Her Job
The authors of My Spouse Quit Her Job divulge a couple of attempted-and-true selling techniques that you could implement by yourself site.
FedEx Startup to Challenge Amazon . com for Ecommerce Fulfillment Practical Ecommerce
FedEx has launched their new FedEx Fulfillment service for promising small to mid-sized retailers. Sellers are now able to delegate their warehousing, packaging, and shipping towards the major carrier (for a small fee, obviously).

Reason for Purchase & mPOS

Restaurant Reason for Purchase Buying Guide Business.com
This month, Business.com released this useful buyer’s guide for companies proprietors looking for a brand new POS system for his or her restaurant.
MajikPOS Works its Dastardly PoS Adware and spyware Magic SC Magazine
There’s a brand new adware and spyware around, which is particularly targeting reason for purchase systems. MajikPOS continues to be attacking POS software within the U . s . States and Canada since The month of january 2017.
Twitter Founder Jack Dorsey’s Other Company, Square, Launches in UK  The Protector
At lengthy last, the American mPOS giant, Square, has launched for retailers within the United kingdom, pitting the organization against the kind of SumUp and iZettle. Read our overview of Square here. 

Accounting

Xero: Over a million Offered Accounting Today
This month Xero arrived at a million users and it has announced intends to grow the organization further.
7 Reasons the government Will Audit You NerdWallet
Have you ever filed your taxes yet? NerdWallet warns small company proprietors concerning the seven most typical causes of a tax audit.
Is Artificial Intelligence the way forward for Accounting? The Total Amount
This short article investigates current AI automations in accounting and asks the issue, what’s going to the way forward for accounting truly seem like?

Loans & Finance

Lendio Unveils New Marketplace Lending Franchise Program Crowdfund Insider
At a loss for the financial lending possibilities for the startup? Lendio, something provider that can help match you track of a loan provider, has lately announced that they’re applying a franchise lending program. Read our overview of Lendio here.
3 Ways Women Can Overcome The Gender Gap in Small Company Financing Forbes
Research has shown that ladies-owned companies make less cash than male-owned business. Forbes shares 3 ways that ladies can close this gap.
6 Strategies for Navigating Online Financial Loans Entrepreneur
Retailers trying to find funding convey more options than in the past, but all the different options could be overwhelmingEntrepreneur shares guidelines to help you result in the process simpler. 

Highlights in the Merchant Maverick Blog

8 Signs You’re Prepared to Leave Etsy (and the way to Get It Done)
Fed up with the continual competition of promoting on Etsy? Prepared to leave seller charges behind? Read our article to learn to open your personal online shop, no coding needed.
Shopping Cart Software Flowchart: Choose the best eCommerce Software for the Business [Infographic]
Check out our new Shopping Cart Software Flowchart to recognize a couple of search engine optimization that may meet your needs exactly.
2017 Tax Prep Listing
We’ve produced an opportune listing so you can be certain that you’ve covered all of your bases while filing last year’s taxes.
Does My Small Company Require a Website?
Hint: the reply is yes. Why? We share six reasons your company requires a website.
What Else Could You Discount as a small company Tax Break?
You may be departing money up for grabs should you not understand all the expenses you are able to subtract in your taxes. Look at this article to discover what might be deductible.

Further Studying

If you would like to stay up with more essential industry news, take a look at a lot of our favorite sources:

Have you read any interesting articles this month? Share your ideas within the comments!

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What Else Could You Discount as a small company Tax Break?

Tax Deductions

“I owe how much?”

Its not necessary me to let you know that filing your taxes has me overwhelmed. But there’s a couple of things more demanding than filing. Such as the giant sum you really owe the federal government, for instance!

At Merchant Maverick, we all know you’re employed difficult to make your online business lucrative and effective. So we would like you so that you can keep your company this way. That is why we’ve compiled this comprehensive listing of small company tax deductions. You most likely know that you could subtract miles in your vehicle for business expenses, but do you know can subtract business start-up costs, insurance deductibles, and magazine subscriptions?

Learn these hidden deductions and much more so that you can stop asking “I owe just how much?Inches and start asking: “I saved just how much?Inches

Table of Contents

Exactly What Is A Deduction?

A deduction is really a business expense which you can use to take down total taxed earnings. The Government classifies a company expense deduction a cost that’s “both ordinary and necessary.”

The Government further explains:

“An ordinary charges are one that’s common and recognized inside your trade or business. An essential charges are one that’s useful and suitable for your trade or business. A cost doesn’t have to become indispensable that need considering necessary.”

What exactly performs this mean for you personally? Essentially, it can save you much more money than you may think.

Small Company Deductions:

Before studying, you should keep the own small business in your mind. Deductions open to the self-employed might not be open to large LLCs, and the other way around (or at best to not exactly the same degree). Make sure to read carefully and try to make sure IRS rules before deciding whether you’re qualified for any specific deduction.

  • Vehicle and Truck Expenses – Vehicle and truck expenses could be calculated in 2 ways: through the standard mileage deduction or by actual expense cost. You may either track your miles and obtain $.54/mile (based on the 2016 standard mileage rate), or track vehicle expenses (including gas, oil changes, maintenance and repairs, tires, registration, license, insurance, parking charges, garage rent, etc.). Think about the way you make use of your vehicle to make sure you choose the best technique to get as much as possible back. With either option, keeping good records is imperative.
  • Travel – When it comes to travel, transportation involving the home along with a business destination are totally covered like a deduction. Transportation via vehicle, taxi, train, etc., is just covered if you’re traveling out of your lodging to some business-related destination. Furthermore, lodging could be counted like a write-off, in addition to baggage, dry cleaning, and business calls. You may also count purchasing your passport being an expense if it’s purchased for company business. Keep good records of these details to get the best deduction amount. Additionally, you are able to discount any travel arranged for job candidates being interviewed (these candidates still come under the 50% meals and entertainment rule).
  • Meals – When you can claim a typical meal deduction ($51/day in many locations), most small company proprietors work on the 50% rule. Which means that 50% of the business meal is deductible. The only real exception is the fact that expenses which are “lavish or extravagant” don’t count like a deduction.
  • Entertainment – In the same manner, 50% of entertainment expenses are deductible (including such things as entertaining customers, convention tickets, parking charges for sporting occasions, etc.).
  • Office At Home – For those who have a separate space in your house that’s solely employed for business, you might be qualified for any office at home deduction. This deduction is dependant on how big the area and could be calculated using a simplified method or on the extra tax form. The simplified method multiplies the sq footage of the office by $5 for the total deduction. You’ll find the greater complex calculation form here. To find out if you be eligible for a a house office deduction, begin to see the chart below (lent in the IRS).

Tax Deductions

  • Office Supplies Online – Office supplies online required to run your company are deductible.
  • Tools and Supplies – Additional supplies and tools which are essential for your company will also be deductible. Certain tools, for example computers can’t be deducted as always and might need to be depreciated (see section below for more information).
  • Repairs and Maintenance Costs – You are able to usually subtract the price of repairs and upkeep of property. Find out more here.
  • Utilities – What’s covered in utility expenses? Heating, telephone services, electricity, sewage, and water are deductible. These costs, as lengthy because they aren’t personal expenses, are deductible.
  • Internet Services – You are able to discount the price of your online provider charges.
  • Software – In case your business requires specific software to function (like accounting software), you are able to subtract the program cost or monthly subscription.
  • Worker Benefits – You are able to subtract the next worker benefits more often than not: health plans, sick pay, vacation pay, accident coverage, existence insurance policy, welfare benefit funds, cafeteria plans, adoption assistance, and dependent care assistance. For additional specifics, visit here.
  • Worker Wages – As lengthy when you are having to pay the employees reasonable wages for work or services performed, you are able to subtract this cost. Certain worker awards may also be deducted, although there’s a deduction limit. To find out whether you be eligible for a this deduction, visit here.
  • Contractor Labor – Independent contractor wages may also be deducted underneath the same stipulations as worker wages.
  • Worker Bonuses – Additionally to wages, you are able to subtract bonuses for workers too.
  • Worker Education – Should you pay education expenses for the worker, you are able to write these off too. You may also subtract the price of your personal education, as long as it relates to your company.
  • Retirement Plans – You are able to discount the price of your employee’s retirement plans too.
  • Insurance Premiums – Insurance costs for fire, storm, thievery, accident, loss, liability, and malpractice are frequently covered like a deduction. Individuals who’re self-employed may also take advantage of the added medical health insurance deduction.
  • Taxes – Certain taxes also count like a deduction, surprisingly. For instance, property taxes and earnings taxes frequently count like a deduction. Read here to find out more.
  • Legal Charges – Most legal charges are deductible. Types of common charges include franchise or trademark charges, business licenses, getting a tax professional, and much more.
  • Interest – Generally, you are able to subtract all interest compensated or accrued throughout a tax year, as long as you’re legally responsible for your debt. You are able to subtract an element of the interest if you’re only partly liable. Certain kinds of interest aren’t recognized, so visit here for more information.
  • Starting Costs – You may choose to subtract as much as $5,000 of economic start-up costs and $5,000 of business costs, as long as these were compensated or incurred after October 22, 2014.
  • Advertising Expenses – Usually, you are able to subtract all advertising expenses that are based on marketing your company.
  • Bad Debt – You are able to claim certain bad business financial obligations like a deduction. The Government defines bad business debt as loans to clients and suppliers, credit sales to customers, and business loan guarantees. Find out more about this deduction here.
  • Research and Experimental Costs – Rather of classifying research costs like a capital expense, you are able to choose to count these expenses like a deduction.
  • Business Association Membership Dues – You can’t subtract charges from clubs or organizations associated with pleasure or socializing (sorry Friday morning golfer). You are able to, however, subtract memberships charges and dues for an additional: boards of trade, business leagues, chambers of commerce, public service organizations, professional boards, and trade associations. On the rules of the deduction here.
  • Union Dues and Expenses – Union dues and expenses come under exactly the same criteria as above and could be wiped off too.
  • Charge Card Charges – Another surprise, you may also subtract charge card processing charges.
  • Magazine Subscriptions – Yes, you see clearly right. You are able to subtract magazine and newspaper subscriptions that have to do with your company.

What’s Depreciation?

Should you browse the list above and thought something didn’t have, you aren’t alone. How about equipment and machinery deductions? How about deductions for property?

This is when depreciation is available in.

Depreciation sounds confusing, however it simply entails claiming a deduction during a period of years rather of all at one time. This process is generally needed for business assets or large expenses, like computers, company cars, business furniture, and property.

To understand more about depreciation and which business expenses belong to this group of deduction, look at this Turbo Tax’s article known as Depreciation of economic Assets.

Begin Saving:

This publish is filled with a great deal of knowledge, however that means lots of savings for you personally!

To find out if you are prepared for other facets of the tax season, take a look at our 2017 Tax Prep Listing. For further help filing your taxes, read our article Ways to get the most from Your Accounting Software This Tax Season.

Chelsea Krause

Chelsea Krause is really a author, enthusiastic readers, and investigator. Additionally to loving writing, she grew to become thinking about accounting software due to her constant need to learn something totally new and know how things work. When she’s no longer working or daydreaming about visiting England, she are available creating new tales, consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files.

Chelsea Krause

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2017 Tax Prep Listing

Tax Prep Checklist

At the moment of the year, if you are a small company owner, it’s not necessary time for you to read extended introductions and funny anecdotes. You ought to get your taxes done, and done fast. You aren’t alone within the race to satisfy 2010 April 18th deadline. We Merchant Maverick folk are here to assist, and thus is the accounting software.

Within the article that follows, we’ll cover what you ought to do to obtain your accounting software current before filing, what accounting reports you have to complete your tax forms, important filing information, and much more. We’ve also produced an easy, printable listing that will help you prep for the tax filings. This listing highlights fundamental tax information that may be pulled from most accounting software packages.

Merchant Maverick’s Tax Prep Listing (PDF)

Filing Taxes:

Its not necessary Spock to let you know that logically, the next thing is really finishing and filing your tax forms.

Which forms you have to file depends positioned on the kind of small company you’ve: Sole Proprietorship, Partnership, Corporations, S Corporation or LLC. This IRS Business Structure site will give you to each tax form you have to file based on your company. Probably the most common are tax, Schedule C’s, 1099’s, W-2’s, and W-4’s.

Should you hire a cpa to complete your taxes for you personally, she or he can let you know which forms to file for. Accountants frequently charge on an hourly basis, so getting the required information in position from the beginning saves them some time and saves you money. Being prepared is the greatest gift you are able to provide them with (and yourself).

If you’re filing your taxes yourself, it’s vital to seek information and make the most of every resource possible—including your software itself. Most accounting software companies offer some extent of tax support. Read our Ways to get the most from Your Accounting Software This Tax Season help guide to learn which forms your software supports. There’s also many small company tax sources for individuals who require a helping hands, including:

  • IRS Virtual Workshops– While in doubt, ask the government. The Government has nine videos for small company proprietors in addition to information essential for tax filing.
  • First-Time Business Proprietors: A Short Help guide to Tax Filing– The Entrepreneur come up with a useful tax filing guide for individuals individuals who’re a new comer to business.
  • Careful Cents – Careful Cents is really a blog operated by tax expert Carrie Cruz, who provides a free two free books—“Tax Toolkit: A Listing for Self-Employed Biz Owners” and “The Ultimate Help guide to Self-Employed Tax Deductions.”

It’s also worth noting that despite you file your taxes, you have to keep the records prepared above they’ll be vital when the IRS decides to audit you somewhere lower the road. How lengthy must i keep my company records, you may well ask? Lots of people will explain 3 years, but in some instances, the government can file an audit as much as six years following a filing (or perhaps indefinite period of time, with respect to the reason behind the audit). Tax records make the perfect place where it is way better safe than sorry.

You want an easy, audit-free tax season—and hopefully this listing can help you achieve exactly that.

Chelsea Krause

Chelsea Krause is really a author, enthusiastic readers, and investigator. Additionally to loving writing, she grew to become thinking about accounting software due to her constant need to learn something totally new and know how things work. When she’s no longer working or daydreaming about visiting England, she are available creating new tales, consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files.

Chelsea Krause

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Business News along with other Tales for Feb 2017

A part of our work at Merchant Maverick is remaining on the top of recent developments and trends within the industries we cover. We learn so much from news articles, blogs, and message boards. A lot, actually, that you want to share our understanding along with you inside a more direct fashion.

Here’s phone most fascinating articles, forum posts, and websites the Merchant Maverick team continues to be studying in the last month.

General Business

  • Here’s What American Entrepreneurs Really Seem Like [INFOGRAPHIC]

    Square has come up with an infographic highlighting the astonishing diversity of America’s 28 million entrepreneurs as well as their companies.

  • Startup World, Are You Able To Consider Real Ideas, Please?

    Discover the variations from a startup along with a normal business.

  • 3 Strategies for Finding out how to Delegate being an Entrepreneur

    Have you got difficulty delegating your important tasks? This short article presents strategies for understanding how to release.

  • How Have You Get The First 100 Customers?

    Entrepreneurs share the way they got their first customers on Reddit.

Merchant Services

  • What’s an ISO?

    Find out more about probably the most common terms in a merchant account: ISO, or independent sales organization.

  • “High Risk” Companies and Charge Card Processing

    Uncover why the word “High Risk” isn’t a reflection or indictment of the business. Also: Learn how to proceed if your company is considered high-risk.

eCommerce

  • For Achievement on Amazon . com, Sell Your Personal Brands

    Thinking about branching out? This short article from Practical Ecommerce explains the best way to take advantage of selling your personal products on Amazon . com and presents a couple of strategies for getting began.

  • Logistics Costs Hinder Omnichannel Services

    Business Insider reveals that just 10% of internet retailers can earn profits while fulfilling omnichannel orders.

  • US eCommerce Sales Grow 15.6% in 2016

    Internet Store analyzes the U.S. Department of Commerce’s annual set of the eCommerce industry. Based on the article, eCommerce sales now take into account 11.7% of total sales.

Reason for Purchase/mPOS

  • mPOS market likely to grow greater than 50% by 2020

    In america, bigger retailers and a lot of acquisitions and mergers are fueling development in a very competitive field.

  • Mobile Payments Likely to Grow Considerably by 2020

    Mobile Wallets happen to be slow to determine adoption by consumers in addition to retailers. But, smartphone-based payment is forecasted to take into account $75 billion this season and also be by 80% by 2020.

  • Connected Devices: The Brand New Reason for Purchase?

    Visa and IMB will work together to merge IBM’s Watson IoT platform and Visa’s global payments services with the aim of allowing users to embed payments and commerce processes into just about any device. If effective, users can sell through devices for example cars, rings, and watches.

  • Cybersecurity Trends in 2016: Ransomware In Place, Reason for Purchase Attacks Way Lower

    The 2017 SonicWall Threat Report finds that although POS attacks have declined by 93% since 2014, the amount of ransomware attacks has dramatically elevated.  

Accounting

  • 10 Small Company Tax Deductions You’re Most likely Missing

    Searching to save cash this tax season? This short article lists key deductions that small company proprietors frequently overlook.

  • Wave Launches Small Company Lending with OnDeck Partnership

    Wave has announced a partnership with OnDeck, a small company loan provider. Now, Wave users can request loans directly from their Wave accounts. Read our full overview of Wave here and our overview of OnDeck here.

Loans and Finance

  • The Key Weapon To Help You Obtain a Better Business Loan

    Feeling at a loss for business loan requests? Nav’s Gerri Detweiler explains the way your accountant will help you get ready for a credit card applicatoin.

  • What’s FinTech?

    You might have began hearing people make use of the term “fintech” within the last couple of years, but what happens it really means? Discover what is really a fintech company, and just how these businesses might be able to strengthen your business.

  • Three Good Reasons Small Company Proprietors Should choose Funding Before April 15

    If you are considering acquiring business funding soon, Rohit Arora on Forbes recommends doing this before April 15. 

  • Credit lines: Online Lenders versus. Traditional Banks

    Find out about the web site credit line provided by a web-based loan provider and something provided by a conventional bank. What’s best for the business?

  • What Nobody Informs You About Taking VC Money

    Business proprietor Tony Scherba explains why he didn’t take VC funding, and why other companies may want to skip out too. If you are thinking about VC funding, postpone prior-to reading this short article.

Highlights in the Merchant Maverick Blog

  • Ways to get the most from Your Accounting Software This Tax Season

    Daunted by taxes? Here’s using your accounting software to help make the job simpler. Don’t think your software can be the job? Discover if you want to switch software in this short article, or discover the best accounting software for taxes here.

  • 7 Good reasons to Re-think Drop-shipping

    Drop-shipping is a well-liked shipping technique that enables retailers to satisfy orders without ever folding a card board box. Sounds great, right? We aren’t so sure. Discover why.

  • Exploring Square for Retail: The Greater Solution for Retailers?

    In the following paragraphs, we check out what Square Retail offers and whether it’s well worth the cost. For more studying, take a look at our full Square review.

  • SumUp Review and Unboxing the SumUp Card Readers We’ve been awaiting SumUp hitting American markets for some time, and it didn’t dissatisfy. Is that this the mobile POS for you personally?

Further Studying

Should you&#8217d prefer to stay up with more essential industry news, take a look at a lot of our favorite sources:

  • Bloomberg
  • Business Insider
  • Entrepreneur
  • Fast Company
  • Harvard Business Review
  • Reuters
  • TechCrunch
  • The Wall Street Journal

Have you read any interesting articles this month? Share your ideas within the comments!

The publish Business News along with other Tales for Feb 2017 made an appearance first on Merchant Maverick.

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Best Accounting Software for 2017

Best Accounting Software 2017

What&#8217s much better than a table filled with Year&#8217s appetizers? Superior to a glass of champagne? Better still than the usual night time hug to ring in 2012?

Accounting software.

Okay. Therefore it&#8217s a stretch, but you can&#8217t blame a woman for trying.

Each year brings fresh, exciting possibilities within the accounting world, this means shiny additional features. This season, particularly, has witnessed some spectacular feature developments. Actually, a couple of key advances in functionality have previously set three accounting software companies in addition to the rest. These changes have generated press attention, positive user feedback, and earned Wave, Quickbooks Online, and FreshBooks a location within our best accounting software for 2017.

Wave:

Best Accounting Software 2017

Wave is free of charge, cloud-based software having a beautiful interface (no question we love to it right?). The organization began this year by Kirk Simpson and James Lochrie and has become utilized by over 2.two million small company proprietors around the globe.

Wave is aimed toward small company proprietors. Actually, it&#8217s well suited for micro companies or sole proprietors who’ve 9 employees or less. The opportunity to separate business expenses from personal expenses also helps make the software a fantastic choice for freelancers and also the self-employed.

Probably the most notable features in Wave include beautiful invoicing, managing contacts, accounts payable, expense tracking, fundamental inventory, and the opportunity to capture images of receipts and convert them into expenses.

Click to see slideshow.

However the reason we actually love Wave is the fact that these functions will always be improving. The program constantly updates to suit the requirements of business proprietors, and contains become a level bigger contender within the accounting software world due to its newest update.

Wave is among the first accounting software companies to provide a fully-integrated lending feature. This lending feature enables users to request loans between $5,000 and $500,000. Loan requests are approved through Wave, and when approved, money is received as rapidly as 24 hrs.

Wave&#8217s robust and varied features rival individuals of even some compensated software options, and that’s why it’s Merchant Maverick&#8217s pick for the best Free Accounting Software for Small Companies (and something of my personal favorite selections for small company proprietors).

Although Wave is free of charge and promises to stay this way, there’s a couple of extra costs you should know of if you are thinking about miracle traffic bot:

  • Payroll – $15/mo +$4/mo per worker
  • Charge Card Processing – 2.9% + $.30/per transaction
  • Chat support – $9/mo
  • Chat and make contact with support – $19/mo

To understand more about Wave, read our full review and make certain to maintain your eye open for the following big wave of updates.

QuickBooks Online:

QuickBooks Online is a straightforward-to-use, cloud-based accounting solution having a healthy set of features along with a strong status. QuickBooks has essentially existed because the beginning of your time (when it comes to accounting software), however the newer, Online version continues to be particularly well-received by users as it is simpler to make use of and much more mobile than QuickBooks Pro.

QuickBooks Online is fantastic for all kinds of business. Scalable prices plans and various functionality result in the software fit numerous small business. Some key features incorporate a clean interface, accounts payable (essentials and plus plan only), budgeting (plus plan only), managing contacts, beautiful recurring invoices, ample accounting reports, class and placement tracking, inventory (plus plan only), along with a strong chart of accounts.

For any lengthy time, the most typical complaint about QuickBooks Online was that, although it was good, it wasn’t just like QuickBooks Pro. A primary reason QuickBooks Online is rising in 2017 would be that the software programs are now being updated multiple occasions each month actually, it’s finally making up ground to QuickBooks Pro.

The newest updates have an invoice and payment tracker, inventory reorder notifications, a mileage deductions feature, partial purchase orders, along with a revamped interface. (To determine all feature updates, visit here.)

QuickBooks Online has won our very best Accounting Software for Small Companies title, so we&#8217ve trained with a 5-star review. It&#8217s already a fantastic alternative. So more features, combined with the mobility from the cloud as well as an almost non-existent learning curve (unlike QuickBooks Pro), get this to software well worth keeping track of in 2017.

If you are looking at QuickBooks Online, listed here are the accessible prices plans (QuickBooks Online frequently has sales promotions, so make sure to check these before purchasing):

  • Simple Plan –$15/mo
  • Essentials Plan – $30/mo
  • Plus Plan – $40/mo
  • Payroll – Pricing starts at $40/mo + $5/mo per worker

To find out more, read our full QuickBooks Online review and employ the disposable trial to benefit from the brand new features.

FreshBooks:

Best Accounting Software 2017

FreshBooks is really a cloud-based accounting software which has top rated customer support. This superbly designed, easy-to-use software serves over 500,000 users across 120 countries.

With multiple prices plans, FreshBooks is very scalable, and also the features available fit nearly any business design. Regardless of whether you&#8217re managing a micro business or perhaps an enterprise, FreshBooks is a superb option (although the price of extra users can also add up rapidly so take this into account before purchasing).

The best FreshBooks features include beautiful invoicing, time tracking, fundamental accounting reports, inventory, a piece for testimonials, and my favorite—a client portal.

FreshBooks has frequently been overshadowed by the rest of the software possibilities. However, this season FreshBooks is ensuring everybody knows they mean business. This accounting underdog is holding its very own using the fiercest competition.

The program was completely redesigned in the finish of this past year. A superbly updated UI and additional features like invoice conversations, multiple business support, and multi-currency support have propelled FreshBooks in to the running for the top three accounting selections for 2017. Before these updates, the program received a 4.5-star rating on our website, so situations are only searching up for FreshBooks.

Freshbook&#8217s multiple prices plans are competitive and scalable (minute rates are only slightly greater than individuals you&#8217d get with QuickBooks Online):

  • Lite Plan – $15/mo
  • Plus Plan – $25/mo
  • Premium Plan – $50/mo

To understand more about FreshBooks, read our full review and explore the brand new design featuring available.

How to pick Accounting Software:

Wave, QuickBooks Online, and Freshbooks are effective accounting programs with innovative updates and abundant features. Plus they appear to become improving as time passes.

However with a trio of options to select from, it is not easy to understand the best option for your organization&#8211especially should you don&#8217t come with an existing accounting software. Our Complete Help guide to Selecting a web-based Accounting Software is a useful oral appliance the right place to begin your research.

For those who have a current accounting solution that doesn&#8217t quite measure to the programs discussed above, it may be a great time to change your allegiance. Your company is your livelihood, and software that fully meets&#8211and exceeds&#8211your business needs is important for achievement and growth.

If you’re already a Wave, QuickBooks Online, or Freshbooks user, congratulations! You&#8217ve designed a good decision, so we hope the characteristics folded out this season be beneficial.

Good luck to any or all this latest year. May 2017 be considered a season of pleasure, dreams, and, most significantly, smooth accounting.

Wave QuickBooks Online FreshBooks 
Wave Accounting for small business review QuickBooks review  Best Accounting Software 2017
 
Read Review Read Review Read Review
Visit Site Visit Site Visit Site
Cost  $ $15 &#8211 $40/mo $15 &#8211 $50/mo
Accounting Method  Accrual  Both accrual and funds-basis Both accrual and funds-basis
Web-based or Installed Web-based Web-based Web-based
Highlights Free

Business and personal account management

Beautiful invoicing

Lending feature

Good customer support

Robust set of features

Simple to use

Beautiful UI

400+ integrations

Strong status

Simple to use

Beautiful new interface

Client portal

Good customer support

Strong mobile phone applications

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10 Good reasons to Use Xero This Tax Season

Taxes

Regardless of how much you may love your accounting software, you most likely don’t love doing taxes. As overwhelming because this season could be, its not necessary to hibernate inside a cave until April 15th has transpired. Your accounting software programs are here to assist, and they are we.

Xero users are specifically fortunate! Xero comes complete with tax tools and it has probably the most robust tax features obtainable in the accounting software world (arriving second simply to QuickBooks Pro). If you’re searching for any great software this tax season (or season in the future), let these ten good reasons to use Xero convince you.

1. 1099’s

Through Xero you are able to take proper care of 1099’s. Xero integrates with Track1099 and Tax1099, two reliable apps which are simple for you and your employees to make use of.

2. W-2’s

For users with Payroll support, Xero can help with W-2’s. Not every US Xero users have Payroll support, so if you’re thinking about this selection, make sure your condition is supported here.

3. Florida Sales Tax Returns

Xero may be the only software I understand of this offers Florida Sales Tax Return support. Xero partners with Avalara, a florida sales tax automation that determines your customer’s florida sales tax rate according to their billing address. Through this partnership, Xero users get Avalara’s free Florida Sales Tax Return support. Avalara will pull data from your Xero account, so you’ve one less factor to complete.

4. Reports

Regardless of whether you do your personal taxes or else you hire a cpa, you will need certain accounting reports (for more information see our recent publish, Ways to get the most from Your Accounting Software This Tax Season). Xero offers key reports for example Profit and Loss, Balance Sheet, Statement of Owner’s Equity, along with a Business Performance overview report. Many of these reports may be easily exported via .csv, .xls, or .pdf.

5. Automatic Asset Depreciation

Among the best areas of Xero may be the automatic asset depreciation feature. When filing taxes, it’s important for the accountant to understand about and understand your company assets. The program can help you prepare and process depreciation for all of your fixed assets, in addition to produce a depreciation schedule report.

6. Deductions

Despite not getting typical deduction abilities like mileage deductions, Xero has extensive payroll deductions. These deductions include medical health insurance, existence insurance, disability, employer 401k contribution, garnishment, and much more. Check this out article for more information.

7. Bank Reconciliation

Before you even consider filing taxes, you need to make certain your books are current (all expenses in, all earnings recorded correctly, and everything categorized properly). The truly amazing factor about Xero is your transactions are instantly categorized according to past categorization details.

8. Inventory

Whenever you file taxes as a small company owner who manufactures or resells products, you need to value your inventory at the start and finish of every tax year. With Xero, you are able to track inventory all year round. Then come tax season, Xero’s Inventory Products Details report can help you calculate your COGs for that year, which you should know to accomplish your tax forms.

9. Tax Sources

On the top of key tax support featuring, Xero also provides great sources for their customers. Xero includes a blog with nearly 100 tax-related articles, together with a Four Steps for Staying away from Tax Season Stress and Xero Gravity: Tax Headaches &amp Solutions for Freelancers. There’s also a couple of useful guides, like the Small Business Help guide to Tax Filing, that are worth looking at.

10. Good Customer Support

Contrary goes completely wrong, Xero is exist for. Although the organization doesn’t provide a telephone number, representatives react to emails rapidly and also the Help Center and Online Community are stocked with articles.

What&#8217s Next?

What&#8217s available for business proprietors using Xero? Reassurance, additional time, and the opportunity to take taxes from the worry list.

Current Xero users&#8211we hope when you didn’t learn about these ten tax tools before, you can engage in them now. Should you aren’t a Xero user yet, maybe it’s time for you to think about a software switch. Read our full review to understand more about Xero.

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