The Debate Over Patreon’s New Fee Policy: Who Benefits, And Who Doesn’t?

Our unbiased reviews and content are supported in part by affiliate partnerships. Learn more.

patreon fees

When Patreon (see our review) announced a change in their fee structure, they touted it as a way to ensure that creators were paid a greater portion of what is pledged to them. However, many in the global creative community immediately perceived it as a threat to the viability — and thus the livelihood — of smaller creators on the site. What are the motives behind this change, and what will be its effect?

Table of Contents

The Change: Payment Processing Fees Will Now Be Assessed To Patrons

The simple way to summarize the change is to say that the payment processing fees charged in the transfer of funds from patron to creator will now be charged to the patron (rather than to the creator, as was the case in the past). But this broad explanation glosses over the specifics of how patrons will be charged, and it’s these specifics which lie at the heart of the issue.

Prior to December 18, 2017 — the day the new fee regime takes effect — Patreon’s policy was to charge the content creator for the cost of payment processing, deducting the amount from the earnings, which were bundled together and paid out once per month. This amount would vary, both month-to-month and creator-to-creator, because it depended on the number and amount of the individual pledges you received from your patrons, not the sum total of your patrons’ contributions.

As of the 18th, this all changes. Creators won’t be charged a fee for payment processing, and will instead pay only the 5% platform fee Patreon has always charged. Patrons will now be charged a 2.9% + $0.35 fee on each individual pledge they make to a Patreon campaign.

To those not involved in crowdfunding, the significance of this change may not be immediately apparent, and, in fact, it was initially presented by Patreon as an unalloyed good. According to the company’s much-criticised first statement, the change was made because it “allows Patreon creators to take home exactly 95% of every pledge, with no additional fees.”

However, here’s the thing. To charge a 2.9% + $0.35 fee to a patron’s every individual pledge adds a significant burden to patrons, most especially those who contribute a small amount — often $1 — to several different creators.

Seriously, though, it’s a big hit to small contributions! You might see the 2.9%, or even the $0.35, and think “well, that doesn’t sound like a big deal.” But the truly significant part is that this fee is charged to your every individual pledge and not assessed to your total monthly donation. This means every $1 pledge you make to a creator — whether monthly or per creation — will cost you $1.38. That’s a 38% fee you’re now paying on your donation, which sounds a lot worse than “2.9% + $0.35.” So if you contribute to, say, 20 different Patreons at $1/month each, you’ll now be paying $27.60 instead of $20.

This issue is especially acute if you run a per-creation Patreon. According to their FAQ explaining the changes, Patreon states the following:

As a per-post creator, your patrons will see the 2.9% + $0.35 service fee added to all paid posts. For example, if you are a per post creator making two paid posts per month, your patrons will be charged 2.9% + $0.35 for each paid post.

This means your $1-per-post patron will be paying $2.76 over the month for $2 worth of content, and not the $2.41 that would be assessed if the patron’s per-creation charges were bundled by month and then had the fee assessed. This disparity gets more pronounced the more prolific the per-post creator.

For the patron, it’s the aggregation of the per-pledge fees that is so insidious. This is particularly the case if you divide your giving into small amounts sent to many different creators, and less so if you give larger amounts to fewer creators.

The Criticism

Backlash was swift and unforgiving, ricocheting remorselessly down the weary corridors of social media. Many creators recognized this change as a massive new disincentive for patrons to spread their wealth, in the form of small pledges, among many different campaigners, with the new payment regime incentivizing patrons to concentrate their giving to fewer creators. The primary beneficiary of this change, according to many, is Patreon itself, not the majority of creators (and certainly not patrons). Crystallizing this view, a recent VentureBeat article quotes indie developer George Buckenham as describing the change like so:

This especially disincentivizes people pledging single dollars per month to multiple creators, which I assume they factored in and are happy with, in favour of people backing fewer projects for larger amounts of money.

The effects of the change are already being felt. Many Patreon creators tweeted screenshots of the canceled pledges they had already experienced, often accompanied by patrons giving the new fee structure as their reason for cutting back. Artist Blue Delliquanti noted in just such a tweet that they had already lost the equivalent of the cost of their dental insurance.

Artist/writer Josh Fruhlinger responded to the change by offering his $2-level patrons the chance to resubscribe at $1.60 per month for a unique reward to induce them to stay while paying roughly the same $2 monthly rate. Again, Patreon made this change ostensibly to benefit creators, yet now we see creators effectively cutting their own take just to keep their patrons from fleeing.

Yet another oft-heard complaint was that this change would be especially hard on non-US creators and patrons, considering the extra costs per transaction already incurred with the currency exchange, VAT, etc.

The Response

After the first wave of reaction, Patreon issued a further explanation of their new fee system through their payments product manager. The statement is an emphatic denial that the move is profit-motivated — “This was never (and still isn’t) about making more money for Patreon as a company.” Instead, they link the change to a change in the way patrons are going to be billed in the future. The explanation is complex, and I had to read through it a few times before I really understood it, but it boils down to the fact that Patreon wants to offer all creators the ability to get paid up-front when patrons subscribe to their content. This option has often been requested by creators who have to deal with the possibility of patrons signing up for their content and then canceling before the first payment is made.

However, when they let certain creators use a “monthly-with-charge-up-front” charging method, patrons were miffed. Because a patron’s monthly subscriptions are bundled and paid on the first of the month, a patron who signs up to support a creator with charge-up-front enabled on November 29th is charged a full month’s fee immediately, and then again on December 1st for the next month’s content. To prevent patrons from being effectively double-charged like this, Patreon wants to change the payment system to one in which each patron’s monthly subscription is paid on the monthly anniversary of the date on which they signed up with the creator in question.

But if they do this without changing the way payment processing fees are charged, according to Patreon, the cost of these fees will shoot up for creators and take a bigger cut of their monthly takes, because their patron’s payments will be spaced out over the month and not bundled and paid on the first of the month as before. They therefore justify the new fee system as a way to prevent this scenario from happening. They also added the fact that this new 2.9% + $0.35 was the lowest of the fee amounts they had experimented with during testing. “Be grateful we’re not making it even worse!” they seem to be saying.

As you can imagine, this response was not universally accepted.

Reaction To The Response

Many in the creative community, like author Natalie Luhrs, did not accept that soaking small donations with such a steep fee increase was the only way to make charge-up-front charging work. Several people pointed to another aspect of Patreon’s new billing practices which wasn’t addressed by the company in their “here’s why we did this” response but is mentioned in the FAQ page they put up to detail the changes. As things stand now, creators who are patrons of other creators can pay said creators out of their Patreon balance to avoid subjecting the funds in their balances to a second round of fees. However, according to Patreon,

We will likely be changing the way creator to creator payments happen in the future so that you will no longer be able to use your Patreon balance. One reason is that it causes many edge cases that add complexity to our payments system as work to roll out charge upfront over the course of 2018.

Of course, in smoothing out these “edge cases,” Patreon will just happen to collect more in fees as a result.

The Motivation And The Effect

Naturally, opinions differ on Patreon’s true motivation for enacting these fee changes. Natalie Luhrs pointed to this article, from June 2017, in which a Patreon employee explicitly states that “financially successful Creators” are more valuable to the company than creators who earn less money (“We’d rather have our GMV [gross merchandise volume] be made up of fewer, but truly life-changed creators rather than a lot of creators making a few dollars.” is a rather telling quote.). Luhrs claims this is evidence that Patreon is intentionally trying to prioritize big earners over small-time earners on the platform. If this is the case, there is no small irony in the fact that Patreon’s highest-earning project — and therefore its most “financially successful” — is a socialist podcast that has come out swinging against the new fee policy.

Others point to different possible motivations. Developer Jason Yu theorized that the real reason behind the change was not Patreon’s desire to effectively gentrify the ranks of its creators but to minimize costly instances of patrons getting confused and disputing charges that they made because they didn’t realize they were being aggregated by Patreon — the example given was a patron who makes 20 $1 monthly contributions and disputes a $20 charge from Patreon because they don’t recognize it. (Jason nonetheless concludes that “Unfortunately for Patreon, they may find that this change only shifts payment fraud to other channels while angering their creators and patrons in the process.”)

The fact is that we don’t have access to Patreon’s internal deliberations, so it may not be possible to pinpoint Patreon’s exact motivations for making this move. However, we don’t need to know the motivations behind the move to objectively assess its effects. It’s clear that the fee changes, as proposed, will make the act of contributing small amounts of money to many different Patreon campaigns much more expensive in percentage terms. These new fees, at 2.9% + $0.35 per individual pledge, plainly incentivize patrons to concentrate their Patreon spending on fewer creators in order to cut down on the number of times they’ll be forced to pass these new virtual toll booths. This can only have the effect of shifting patron spending up the ladder, benefitting larger creators at the expense of the smaller ones. Chalk up a rare win for the beleaguered 1%!

Final Thoughts

Don’t hold me to this, but I suspect Patreon will survive the current controversy. The most popular creators will see a net increase in the amount of revenue they take in, as they’ll be able to count on getting 95% of what is pledged to them. Patreon will continue to grow, and they will point to this growth to retrospectively justify this month’s change in their fee policy. But the numbers won’t tell the whole story. Creators will be left having to hope that their increased cut will be enough to cover the losses incurred from other patrons dropping or reducing their support. On this count, the big, established creators are obviously better positioned than the small-time creators.

Wasn’t the original intent of rewards crowdfunding to give a leg up to these very same small-time creators? To help them get the recognition they deserve in a world increasingly dominated by those who can leverage their existing advantages for their enduring benefit? Patreon might see increased aggregate growth from this move, but at what cost to those who Patreon might not define as “financially successful Creators” who have been “truly life-changed” but who rely on the platform to earn a few extra bucks to help make ends meet?

We know that when questions of this nature are ignored, the result is a society ever more aggressively stratified by wealth and power, so perhaps it’s high time these issues were given the consideration they urgently require.

Jason Vissers

Jason Vissers is a writer, cereal chef and Netflix aficionado from San Diego. A native Californian who enjoys the beach, Jason nonetheless prefers to do his surfing on the World Wide Web, the raddest wave of them all. Jason can’t eat raisins.

Jason Vissers

“”

Shopify Payments Review: What Are The Pros And Cons Of Shopify’s Integrated Payment Processor?

Our unbiased reviews and content are supported in part by affiliate partnerships. Learn more.

If you’ve spent any time on our blog, you know that Shopify (read our review) is one of our favorite shopping cart solutions, primarily because they provide an all-inclusive solution to a wide range of merchants. One monthly rate gives you access to Shopify’s hosting, security, administrative abilities, customer service features, inventory management features, web design tools, and more.

With the addition of Shopify Payments, an integrated payment processor, you can even access built-in payment processing features. Shopify Payments allows you to quickly begin accepting orders on your online store. You won’t have to worry about integrating a third-party processor, and Shopify will waive their shopping cart transaction fees.

However, despite its convenience, Shopify Payments is not a perfect solution. Customers often complain that they do not qualify to use the service. Others say that Shopify Payments has frozen their account or is holding payments.

Keep reading to learn if you qualify for Shopify Payments and if it’s right for your business.

In this article, we’ll be discussing payment service providers (PSPs). If you’re new to the world of payment processing, we’d love to help get you oriented. Download our free ebook, The Beginner’s Guide to Payment Processing, to get started.

Table of Contents

What Is Shopify Payments?

Shopify Payments is a payment processor that allows you to accept customers’ money securely on your account. Shopify is responsible for these transactions, although they are effectively processed through Stripe and Wells Fargo.

Shopify Payments is already integrated into your Shopify account, so it requires very little setup. There is no need to integrate a third-party processor or coordinate payments with a separate company. All you have to do is select Shopify Payments in your admin and add your banking information. Read Shopify’s setup instructions.

What’s more, Shopify Payments comes with a few additional features, including chargeback management and fraud prevention.

When you use Shopify Payments, Shopify will waive their usual shopping cart transaction fees. The only transaction fees you’ll need to pay are those associated with payment processing.

What Are The Rates?

Every PSP comes with its own processing rates and fees. Shopify Payments bases their rates on users’ subscription level. Users on higher Shopify plans benefit from lower rates. Take a look at the screenshot below for a breakdown of those rates.

Shopify states that they do not charge any monthly fees, hidden fees, or setup fees on their payments service.

Who Can Use Shopify Payments?

Perhaps the most obvious requirement is that you must be a Shopify customer to use Shopify Payments.

Shopify Payments is only available to merchants in the US, Canada, the UK, Ireland, Australia, New Zealand, and Singapore. Shopify Payments is not available to US territories, with the exception of Puerto Rico.

You must follow Shopify’s Acceptable Use Policy. Take a look at the extensive list of products and services Shopify does not support below:

If you do not comply with Shopify Payments’ Terms of Service, you will not be approved or the service may be revoked.

When Do I Get Paid?

Payday is on everyone’s mind. One of the most frequently-asked questions regarding Shopify Payments is how long you’ll have to wait to receive your customers’ payments.

This period — the time between when a customer places an order and when those funds are sent to your bank account — is called a pay period. You should keep in mind that this pay period does not include the amount of time it takes for your bank to process that deposit after it’s sent (typically between 24-72 hours).

Your pay period with Shopify Payments will depend on the country in which your company is based. You can view the full breakdown of pay periods in Shopify’s knowledgebase, or you can see my summary below:

  • US: 2 business days. Funds from Friday, Saturday, and Sunday are grouped and sent together as one payment.
  • Canada: 3 business days. Funds from Friday, Saturday, and Sunday are grouped and sent together as one payment.
  • Australia: 3 business days. Funds from Saturday, Sunday, and Monday are grouped and sent together as one payment.
  • New Zealand: 3 business days. Funds from Saturday, Sunday, and Monday are grouped and sent together as one payment.
  • UK & Ireland: 4 business days. Funds from Saturday, Sunday, and Monday are grouped and sent together as one payment.

Make sure you keep in mind this delay in payments as you plan your business. It might be worth setting up a business credit card so you always have funds on hand.

Pros & Positive Reviews

Customers choose Shopify Payments for a number of reasons. Here are the primary benefits of using Shopify Payments:

  • No Shopify Transaction Fees: While there will always be processing fees, when you use Shopify Payments, you’ll no longer have to pay that 1%-2% transaction fee associated with your Shopify plan. I assume Shopify instead takes their money from your payment processing. Either way, it’s savings for you.
  • Potentially Lower Processing Fees: As I’ve said before, higher-level Shopify merchants benefit from lower rates. You may find that Shopify’s rates are competitive with those of other major processors.
  • Already Integrated: You won’t need any developers to connect with Shopify Payments.
  • Integrated Fraud Prevention: Shopify Payments helps you reduce fraudulent transactions. You can choose to enable an address verification system and a card verification value upon checkout to ensure customers are real cardholders. Read more about fraud analysis.

Shopify Payments is a great solution if you meet the requirements and are looking for a processor that’s easy to integrate.

Cons & Complaints

While Shopify Payments is great for convenience, I’ve seen numerous reports blaming the service for being unreliable and difficult to contact. Here are a few of the most common complaints and disadvantages of using Shopify Payments:

  • Ineligibility: Shopify users often complain that they are not eligible for Shopify Payments. For some, this is because Shopify Payments is not available in their country. In some cases, Shopify has actually revoked payment services because, for one reason or another, their business was deemed “high-risk.” Shopify’s Terms of Service states: “We reserve the right to modify or terminate the Service for any reason, without notice at any time.”
  • Shopify Holds Funds: Merchants frequently complain of their funds being withheld for an extended period of time. Here’s what Shopify Payments’ Terms Of Service says about that: “Stripe, on behalf of Shopify and/or Wells Fargo reserves the right to change the Payout Schedule or suspend payouts to your Bank Account should we determine it is necessary due to pending disputes, excessive Chargebacks or refunds, or other suspicious activity associated with your use of the Service or it required by law or court order.”
  • Difficulties With Chargebacks: Chargebacks are an unfortunate and inevitable part of running an online business. If customers file too many chargebacks against you, Shopify may withhold your funds, further complicating the issue.

Make sure you read the Terms of Service for every solution you sign up with, including Shopify and Shopify Payments. It could save you a world of pain.

Final Thoughts

I’ve seen enough negative reports about Shopify Payments to be skeptical of the service. Many merchants have been denied payments or had the service revoked entirely.

However, without the specifics, it’s difficult to determine whether Shopify was justified or not in these actions. If merchants were not complying with Shopify Payments’ Terms of Service, Shopify was within their rights to cancel the service.

As you make your decision, read every word of Shopify Payments’ Terms of Service to ensure your business qualifies. There are some great benefits to integrated payments, and if your store follows all the rules, Shopify Payments could be the best choice for your store.

But, don’t stop your research there. Take a look at our complete review of Shopify (and the real customer comments below) to learn more about the software, and be sure to read up on Shopify Payments in their knowledgebase. Best of luck!

Liz Hull

Liz is a recent college graduate living in Washington state. As of late, she can often be found haunting eCommerce forums and waiting on hold with customer service representatives. When she’s free, Liz loves to rock climb, watch Spanish dramas, and read poorly-written young adult novels.

Liz Hull

“”

Small Business Accounting: How To Close Your Books At The End of the Year

Our unbiased reviews and content are supported in part by affiliate partnerships. Learn more.

Year End Accounting Processes: How to Close Your Books

It’s the most wonderful time of the year…until you realize you have year-end accounting processes to take care of. Closing the books can be an intimidating process, especially for new business owners.

That’s why we’ve broken down the process into 17 manageable steps. It sounds like a lot now, but these key steps will help you gain control of your accounting and get you ready to ring in the new year. To make things even easier for you, we’ve also created a printable Year-End Accounting Checklist so you can mark your progress.

You can print the Year-End Checklist now and use it to follow along or you can jump right in. You’ll be closing out the accounting year with confidence in no time.

Table of Contents

Step 1: Create Invoices

One of the most important aspects of closing out your business’s financial year is to make sure all income and expenses are recorded and up-to-date. If you have any unbilled invoices, don’t wait any longer to send them. Get all unbilled projects and orders invoiced immediately.

Step 2: Send Invoice Reminders

On that same note, if you have customers who haven’t paid their invoices yet, follow up with them right away. Most accounting software allows you to email invoice reminders. Take advantage of this feature and get those invoices paid as soon as possible.

If there is a client who will not or can not pay you, then you can write off unpaid invoices as bad debt as a last resort (so long as you’ve made sufficient efforts to collect payment). Before you do this, talk to your accountant and read what the Journal of Accountancy has to say about bad debt to learn if this course of action is right for your small business.

Step 3: Record Expenses

If you’ve fallen behind on recording and categorizing your expenses, now is the time to catch up. Make sure all expenses are entered into your accounting software. Not only is this crucial for accurate record-keeping, it will also help your accountant find all of the tax-deductible expenses your business qualifies for.

Recording your expenses throughout the year can help make this process much simpler.

Step 4: Separate Personal & Business Expenses

Ideally, small businesses should have a separate bank account for business expenses. However, we know this isn’t the reality for many smaller businesses and freelancers. That means you must separate your personal and business expenses.

If the IRS suspects that your small business deductions are actually personal expenses, then you are in great danger of an IRS audit. That’s why it’s incredibly important to keep your business expenses and personal expenses distinct. Some accounting programs, like Wave, allow you to separate expenses easily.

Step 5: Update Mileage Log

With tax season right around the corner, you’ll want to make sure your mileage log is up-to-date so you can maximize your small business tax deductions.

Step 6: Pay Bills From Vendors

In addition to making sure all of your customers pay you, you need to square away any unpaid vendor debts your small business has accrued.

Step 7: Pay Contractors

Also be sure to pay your contractors in full before you close your books.

Step 8: Reconcile Your Bank Accounts

Once all of your income and expenses are properly recorded, be sure to reconcile all of the bank and credit card accounts for your small business. You want to make sure that the income and expenses recorded in your accounting software match the totals from your official bank statements. If they don’t, there’s a discrepancy or mistake somewhere that you’ll need to address.

According to a CPA and Kashoo user, Siena:

The most common mistake people make [at year-end] is not performing bank reconciliations regularly.

Reconciling your accounts once a month can help this process be run smoother and take less time.

Need help reconciling your accounts? Contact your accounting programs’ help center or ask your accountant for assistance.

Step 9: Update Fixed Assets

Before you close the books, make sure all of your fixed assets are up-to-date. Add any new fixed assets that you may have forgotten.

A fixed asset is a long-term asset with a life that lasts longer than a fiscal year.

For example, if your company purchased new computers, these would be considered fixed assets rather than expenses. Even though you paid for them as an expense, a computer’s life lasts longer than a single year making it a fixed asset instead.

Step 10: Run Depreciation

For all of your fixed assets, you’ll need to run depreciation for the year. Remember how fixed assets last longer than a year? Well, depreciation is how the IRS determines how much of that asset’s life has been used up in a year. You can write off the amount that has been used as a tax deduction.

If you need help understanding these concepts, read what Investopedia has to say about depreciation or talk to your accountant for more details. Your accountant can also assist you with running depreciation, or you can run depreciation yourself using accounting software programs like Xero and QuickBooks.

Step 11: Decide On Employee Bonuses

Before the end of your financial year, decide whether or not your company will be offering employee bonuses. If so, you’ll need to set aside the proper withholding tax.

Step 12: Double Check Payroll Taxes

According to CPA Michelle Edward, you’ll want to ensure that your payroll tax liabilities match your quarterly payroll returns.

If there are any discrepancies, talk to your accountant to get everything squared away before you close the books.

Step 13: Verify Employee Information

Go over all current and past employee and contractor information for the year and verify that the information you have on file is 100% correct. It might be worth even sending an email to your team to check if there have been changes. Employee contact information must be correct in order to send out W-2’s and 1099’s before tax season, which is right around the corner.

Step 14: Count Your Inventory

Next, you’ll need to do a final inventory count. Do this count on the day you close your books (for many businesses this will be December 31st). Small businesses are expected to record their inventory at the beginning and end of each year as these totals are used on several tax forms.

Read our post How to Get the Most Out of Your Accounting Software This Season to learn more.

Step 15: Run Reports

Use your accounting software to run a Profit & Loss report (or Income Statement) and Balance Sheet report. Analyze both reports and verify that the information you see is correct.

You may also want to run your Statement of Cashflows report and get ahead of the game by running the key reports your accountant will need for taxes.

Step 16: Create A Company File

I can’t emphasize how important this step is. Once you’ve completed steps 1-15, create a company file of the year’s data. The last thing you want is to lose access to important accounting data from the year. Your accountant will also need access to your company file in order to make any necessary year-end adjustments and to file taxes.

Step 17: Close Your Books

Once you’ve completed every step and checked off each part of your Year-End Checklist, you can officially close your books! Luckily, accounting software makes this process easy.

When you close your books or set a lock date, users won’t be able to edit or add transactions that occurred before the closing date. Most often, the business owner will set a password so that only admin and accountants can access previous transactions. This helps your accountant double check that everything is up-to-date and make adjustments if needed.

If you are using Quickbooks, you can follow these steps to close your books. If you are using Xero, you can set a lock date for your account. Most accounting programs will have a similar feature, which you can search for in their help center, or you can talk to your accountant and have them do this for you.

What Comes Next?

Once you’ve closed your books, be sure to get your company file and all necessary reports to your accountant so they can make any adjustments and start calculating your small business’s tax deductions.

Now that you’ve closed your books, keep the momentum going and start preparing for tax season. Don’t let April 15th sneak up on you. Instead, find out How to Get the Most Out of Your Accounting Software This Tax Season and check out our complete Tax Prep Checklist. Take time as well to read What Can I Write Off As A Small Business Tax Deduction? You can find these tax resources and more on our Merchant Maverick blog.

Chelsea Krause

Chelsea Krause is a writer, avid reader, and researcher. In addition to loving writing, she became interested in accounting software because of her constant desire to learn something new and understand how things work. When she’s not working or daydreaming about her newest story, she can be found drinking obscene amounts of coffee, reading anything written by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files with her husband.

Chelsea Krause

“”

How Can I Get A Bank Loan For My Business If I’ve Had A Bankruptcy?

Our unbiased reviews and content are supported in part by affiliate partnerships. Learn more.

Bankruptcy shouldn’t be taken lightly. Aside from asset forfeiture, the shock to your credit rating is the main disincentive to filing bankruptcy. Prospective filers are cautioned that they’ll have a hard time accessing credit for up to a decade. While there’s some truth to these warnings, the worst case scenarios are also a bit overblown.

It’s possible to get bank loans after a bankruptcy, but you may have to work a bit harder to get them and approach the process with an open mind. We’ll look at some of the questions you should ask and strategies you can pursue below.

Table of Contents

What Happens To My Credit Score?

Even after bankruptcy, your credit rating will be one of the biggest determining factors in whether or not a bank will lend to you.

While you might assume bankruptcy completely destroys your credit, the truth is a bit more complicated. You can expect a bankruptcy to shave a hundred or two points off your credit rating which, of course, isn’t great. How negatively impacted your credit is will depend on the amount of debt being discharged and how many accounts are delinquent, as well as how many accounts are current. In fact, depending on how bad your credit was at the time you declared bankruptcy, it’s not impossible that your credit might slightly improve.

The bankruptcy will stay on your record for seven to 10 years, but your credit can begin to improve immediately.

How Can I Improve My Credit Score After Bankruptcy?

There are a number of different ways to improve your credit. Some of them apply to everyone, others more specifically those with bankruptcies on their record.

  • Get A Secured Credit Card: Unlike regular credit cards, secured credit cards require a cash payment as collateral. In fact, that deposit serves as your credit line. It’s not a great deal, but it will help rebuild your credit and offer the functionality of a credit card.
  • Pay Your Bills On Time: This is pretty obvious, but keeping your accounts current will help.
  • Use Only A Fraction Of The Credit You Have: Keep your balances small (somewhere below 25 percent of your available credit).
  • Take Out Loans and Keep Payments Current: Availability will vary based on your credit rating. We’ll be looking at some options below.
  • Use Alternative Lenders: Many alternative lenders cater to individuals and businesses with bad credit, just be aware that some of them won’t work with a borrower who recently declared bankruptcy.
  • Consider A Hard Money Loan: If you’re looking at a short-term real estate investment, hard money provides a risky way to get financing with bad credit.
  • Wait: On the bright side, the farther you get away from the date of your bankruptcy, the less impact it will have on your credit rating.

What Loans Are Available?

Lending is a gamble, but there are lenders willing to take a bigger risk in exchange for a potentially larger payday. Believe it or not, it’s possible to get a personal loan almost immediately after you declare bankruptcy. Business loans aren’t off the table either, although you may have to jump through additional hoops to prove the creditworthiness of your business plan.

The bad news is that you’re probably going to be paying through the nose for any credit that’s extended to you. But if you’re judicious about how much you borrow and don’t let a lot of interest accrue, you can still make good use of loans.

Since we’re looking specifically at bank loans, the good news is that they tend to be a bit more conservative when it comes to how much they’ll extend you and the length of the terms. Keep an eye out for any supplemental fees they charge on high-interest products.

Mortgages are a different story. It’s almost unheard of for a bank to offer a mortgage to a newly bankrupt customer. Depending on the type of mortgage you’re looking for, the waiting times can range from one to four years. If you’ve previously defaulted on a mortgage, your wait time is more likely to fall on the longer side of that range.

How Can I Find The Right Bank?

Not all banks have the same bankruptcy policies. Consider keeping your business and personal accounts with a bank or credit union willing to extend you credit. You’ll also want to gather as much information as you can about what products are offered to customers with a bankruptcy on their record.

Be wary of extremely high-interest rates and (especially) any monthly maintenance fees charged in addition to interest.

What If I’ve Filed Chapter 13?

Unlike Chapter 7 bankruptcies, Chapter 13 bankruptcies last several years while your business undergoes restructuring. During this time, you’ll have trustee-enforced restrictions on how you can borrow.

Final Thoughts

As big an impact as a bankruptcy has on your life and business, it’s by no means the end of the line in terms of getting credit. Just be patient, weigh your options carefully, and don’t get taken advantage of.

Chris Motola

Chris Motola is an independent writer, journalist, programmer, and game designer who has mastered the art of using his laptop in no fewer than 541 positions, most of them unergonomic. When he’s not pushing keys or swiping screens, he’s probably out exploring urban or natural environs, experimenting in the kitchen, or delighting/annoying his friends with his ideas and theories.

Chris Motola

“”

8 Alternative Crowdfunders To Fund Your Business

Our unbiased reviews and content are supported in part by affiliate partnerships. Learn more.

alternative crowdfunders

When we survey the socio-economic landscape for entrepreneurs, two seemingly incongruous things stick out. First, recent economic data indicates that the rate of startup business creation in the US is near its 40-year low. Second, over this past decade — the very decade that has seen a nadir in entrepreneurship — young companies have raised billions of dollars from (mostly) ordinary people through crowdfunding campaigns. In fact, Kickstarter (the biggest rewards crowdfunding platform) has facilitated the raising of $3.4 billion since its birth in 2009.

From these facts, we can deduce that entrepreneurship is widely popular among Americans in 2017, if only as a spectator sport and not a participatory one. What also becomes clear is that people can be readily persuaded to financially support new businesses if they stand to benefit from that support!

If you’re building a new business at this moment in history, you may well be considering giving crowdfunding a go. You’ve probably heard of the “big three” crowdfunding giants: Kickstarter (see our review), Indiegogo (see our review), and GoFundMe (see our review). However, there are plenty of reasons why you might want to seek out an alternative crowdfunder. Maybe you’ve read accounts of how the process of crowdfunding on Kickstarter has become unduly influenced by investor-backed campaigns and crowdfunding agencies. Or perhaps you want to be able to offer rewards to your backers in a different way than the Big Three allow. Maybe you want to give people rewards on a continuing basis and not just once. Maybe you want to give donors equity in your company instead of a mere gadget or trinket.

The point is, there’s no one right way to do crowdfunding. Different crowdfunding platforms may have more to offer you than others, depending on your particular business type. The following alternative crowdfunders may help you tap the coffers of The Crowd in a different manner than the more established platforms.

Table of Contents

patreon

Perhaps it’s a bit of a stretch to refer to Patreon (see our review) as an “alternative” crowdfunder, considering their rising popularity and outsized public profile in the creative industries. However, their approach to crowdfunding still stands as unique. Patreon was founded in 2013 by a musician who was frustrated by the lack of ways for up-and-coming artists to effectively monetize their work. He saw his friends set up Kickstarter campaigns for support with one artistic project, then struggle to come up with a rationale to launch a second Kickstarter campaign for their next endeavor. Seeing an opportunity to offer a more rational crowdfunding model for creatives who release content continuously, he started Patreon.

Unlike Kickstarter and just about every other rewards crowdfunding platform, Patreon operates almost like a subscription service for artists and other content creators. People who like your work can sign up to financially support you on either a per-month or per-creation basis. In exchange, they get access to exclusive content that you make available only to your paying followers, whether it be an LP, drawings, videos, podcast episodes, or just about anything else under the sun.

Patreon takes 5% of the money you raise in fees, which is pretty much the standard rate in rewards crowdfunding. Unfortunately, an additional ~5% goes to the payment processor, which is more than Kickstarter’s payment processing fee rate of approximately 3%. For most creatives on the site, however, the convenience of not having to launch a whole new campaign for their every endeavor makes Patreon quite the cost-efficient prospect nonetheless. What’s more, Patreon is more relaxed than many crowdfunders when it comes to permitted content, allowing for a wider spectrum of expression than the competition. From the political irreverence of Chapo Trap House to the various hentai artists using the platform (not gonna include any links here, sorry), Patreon supports content creators other crowdfunders might shy away from.

Read my Patreon review if the idea of long-term crowdfunding sounds appealing.

fundrazr

You may not have heard of Fundrazr (see our review), but, as it happens, it is Canada’s largest crowdfunding platform. It might not have the name recognition of some of its larger competitors south of the 49th parallel, but this rewards crowdfunder has some distinct advantages for certain kinds of businesses.

First off, FundRazr doesn’t pre-screen campaigns before allowing them to fundraise, nor does it limit the duration of your campaigns. It also permits you to keep whatever you raise even if you don’t reach your funding goal. These are three things Kickstarter doesn’t allow. What’s more, FundRazr’s fees match those of most of the crowdfunding industry (5% to the platform with an additional ~3% for the payment processor), so you’re not paying extra for this flexibility.

Another unique feature offered by FundRazr is Crowdfunding As A Service. If you choose to use this, you can host funding campaigns on your own website, under your brand, not that of FundRazr. Essentially, this turns FundRazr into a white label crowdfunder. Hosting crowdfunding campaigns for people in your community under your business’s name can provide your brand with a nice image boost.

Check out our FundRazr review to see if what’s good enough for Canada is good enough for your business.

kiva logo

What if there were a way to get crowdfunded support for your business in the form of a loan instead of a gift premised on future rewards? What if I were to tell you that these loans come with 0% interest? Does this sound too good to be true? Well, Kiva U.S. (see our review) shows that this concept is indeed a reality.

Kiva U.S. is a nonprofit P2P (peer-to-peer) small business microlender whose funding campaigns resemble those of other crowdfunding sites, except in this case, your backers are lenders who chip in to offer you a loan. Kiva U.S. operates on the principle of “social underwriting,” meaning that your loan-worthiness depends not on your credit score (Kiva U.S. doesn’t even check your credit score) but on the trust of the community. The hope is that you’ll be motivated to stay in the good graces of the community, which is especially important if you decide to seek a second loan from said community!

Of course, you’re getting a loan, not a gift, so you’ll have to pay the money back if you don’t want Kiva telling the business credit agencies of your misdeeds. However, these loans carry no interest whatsoever. Neither are there any origination fees. You are only responsible for paying back the principal. You can raise as little as $25 to as much as $10K. For the right type of business, it’s a remarkable funding deal.

Read our Kiva U.S. review if the idea of interest-free loans for your business appeals to you.

crowdfunder

With the most generic name in the crowdfunding industry, Crowdfunder (see our review) is far from a generic crowdfunder. In fact, Crowdfunder is a pioneer in the field of equity crowdfunding. Equity crowdfunding is a form of investment in which your backers are investors who fund you in exchange for equity in your company, not gadgets or other exclusive content. Equity crowdfunding has only recently become legal thanks to the passage of the JOBS Act in 2012.

Crowdfunder lets you raise money from accredited investors (this term refers to people with high incomes and/or significant wealth and doesn’t necessarily denote any particular skill in investing). This is a crowd that likes to keep a pulse on the next big thing, so if your new business is one of the rare startups with exponential growth potential, Crowdfunder’s investors may well want to get in on the action.

Crowdfunder is unique in other ways as well. Crowdfunder doesn’t collect the funds pledged to your venture — you have to collect the funds offline from the investors themselves. Accordingly, neither Crowdfunder nor any payment processor takes a cut of what you raise. However, you will need to purchase a subscription package in order to fundraise on the platform. Crowdfunder’s monthly subscription packages start at $449 per month.

It’s not for everybody, but Crowdfunder’s unique flavor of equity crowdfunding holds great potential for the right kind of business. Read our Crowdfunder review for more information.

Ulele bills itself as the “the 1st European crowdfunding site” though they host campaigns from North America and Australia as well. Ulele strives to lend a human touch to rewards crowdfunding, offering personalized coaching to all Ulele project creators, which (according to Ulele) has produced a 68% funding success rate for projects on the site. Ulele claims that this is a “record rate among international mainstream crowdfunding platforms.”

Ulele maintains a consistently bright and cheerful feel throughout the site, and its focus is on fashion, design, games, music, and art. Ulele is worth considering as a crowdfunding platform if you have items of value to offer as rewards that might have a particular appeal to the European market, as Ulele is more of a known entity there. As for fees, Ulele charges 6.67% of all funds received by credit card and 4.17% of all funds collected via check or PayPal.

fundable

Fundable (see our review) is a hybrid crowdfunding platform in that its hosts both rewards- and equity-based crowdfunding campaigns. Not just anyone can start a campaign on this site — as with Kickstarter, Fundable pre-screens all campaigns to determine their suitability for crowdfunding. Another trait it shares with Kickstarter is the fact that the funding campaigns are all-or-nothing. If you don’t reach your funding goal, you collect $0, and you do not pass Go.

Instead of charging a platform fee on what you raise, Fundable charges a flat monthly fee of $179. Unfortunately, this means that you can end up in the red if your campaign doesn’t hit its marks. And while Fundable charges a fee of about 3.5% for payment processing for rewards campaigns, it does not do so for equity campaigns, because all payments are made offline from the investor to the campaigner in a Fundable equity campaign.

There’s something of an air of exclusivity around Fundable, but certain businesses may stand to benefit from this unique platform. For instance, you can start off with a Fundable rewards campaign, and if you’re successful, you can use your success to demonstrate the appeal of your product to investors and pivot to an Equity campaign without having to go to another service.

Check out our Fundable review if you’re intrigued.

wefunder

The other equity crowdfunding platforms I’ve covered thus far have been for accredited investors (i.e. rich investors) only. Wefunder (see our review) is different. It is, by a significant margin, the largest equity crowdfunding platform that lets non-accredited investors (everyone) invest in your business. Sometimes referred to as Regulation Crowdfunding, Wefunder is the one company that has figured out how to do it right.

Regulation Crowdfunding has only existed since May 2016, when the provision of the JOBS Act authorizing it finally took effect. It’s fair to say that the kinks are still being worked out. However, if you want to get in on this new field and feel like a pioneer, Wefunder is the platform to go with. It does charge $195 to launch your campaign, however. Wefunder also takes 7% of what you raise in fees. However, all payment processing fees are paid by the investors.

Read our Wefunder review if you want to get in on Regulation Crowdfunding.

kickfurther

So far, we’ve covered rewards crowdfunders, debt crowdfunders, and equity crowdfunders. However, Kickfurther (see our review) is difficult to even classify! Truly an alternative crowdfunder, Kickfurther is entirely unique in that instead of raising money in exchange for rewards or equity shares, you offer your backers the chance to purchase inventory on consignment. Your backers also get their own Kickfurther-branded online store in which they can sell your products.

It’s an odd arrangement, so I’ll try to explain it using an example. Perhaps the most prominent project on Kickfurther was the Vaportini, a weird alcohol vaporizing system. If you backed the project, you were offered a 16% return on your investment in the event that 88% of the inventory is sold. To be sure, it’s an odd system, but if you like the idea of having your backers help finance your inventory purchases and having some of them sell your product online, you might want to look into Kickfurther.

One caveat for backers: Kickfurther doesn’t appear to do a good enough job ensuring that backers get paid what they’re due. In fact, a comment was left on my review from one of the backers of the Vaportini, claiming that the company took their money and defaulted on the payback “with no enforcement, follow up, or communication from Kickfurther.” I found other reports from backers of Kickfurther projects with similar stories. Bottom line: Kickfurther may be an interesting prospect for businesses with unique products to sell, but backers have ample reason to be wary of the platform.

Read our Kickfurther review if you’re interested in crowdfunded inventory purchases and/or alcohol vaporizers.

Final Thoughts

I wanted to take you beyond the Kickstarters and Indiegogos of the crowdfunding world to show you some of the innovative — and sometimes downright bizarre — crowdfunders out there doing it their own way. There’s no “right” way to conduct a crowdfunding campaign. It all depends on the type of business you own and the sort of product, service or experience you have to offer. Know your options, then dive in and give it a shot!

Jason Vissers

Jason Vissers is a writer, cereal chef and Netflix aficionado from San Diego. A native Californian who enjoys the beach, Jason nonetheless prefers to do his surfing on the World Wide Web, the raddest wave of them all. Jason can’t eat raisins.

Jason Vissers

“”

Equity Versus Non-Equity Crowdfunding

Our impartial reviews and content are supported partly by affiliate partnerships. Find out more.

equity crowdfunding

Crowdfunding is extremely popular nowadays. I do not have to let you know this it’s a manifest truth, apparent on the planet around us. In the Kickstarter-driven boom within the tabletop gaming industry to using GoFundMe like a rickety replacement for a nationwide healthcare safety internet, crowdfunding is really a fundraiser solution formed through the occasions (it’s no coincidence that crowdfunding has had off within the decade because the start of the truly amazing Recession and also the resulting tightening of use of capital). It’s a primary influencer of economic and cultural trends.

Go into the federal legislation referred to as JOBS Act. This act, formally known as the Jumpstart Our Business Startups Act (Congress might be damaged in lots of ways, but never doubt their acronym game), was passed with bipartisan congressional support — though not without critique — and signed into law by President Barack Obama this year. The primary reason for the Act ended up being to legalize equity crowdfunding. Basically, rather of backing a startup venture in return for an incentive or internal satisfaction, you back a business in return for equity–an possession stake in the organization. Rather to be only a backer, the contributor becomes an investor.

You could think: Therefore the distinction between equity crowdfunding and Kickstarter is you offer rewards using the latter and equity using the former? Awesome.

To that particular I only say: Whoa there, cowboy. It isn’t that easy.

Let’s delve further in to the variations between both of these completely different way of performing a crowdfunding campaign.

Table of Contents

Equity Crowdfunding

In the centre from the profound distinction between equity crowdfunding and non-equity crowdfunding may be the disparity between investing and creating a donation in return for a guaranteed reward. As the commitment of an incentive can carry by using it some extent of legal obligation, offering investment possibilities is really a wholly different proposition within the eyes from the law. Capital investment is an infinitely more heavily-controlled field, for apparent reasons. Securities fraud is among the most pervasive and insidious strategies by which honest people and organizations can lose everything they’ve labored for, because the victims of Bernie Madoff can attest. To totally deregulate securities buying and selling is always to give free reign towards the scammers and fraudsters in our midst.

(I recognize the ever-growing pace from the news cycle means this stuff get forgotten more rapidly than in the past, however, you do remember Bernie Madoff, right? Please agree.)

Regardless of the risks natural within the securities trade, it grew to become obvious within the wake from the Great Recession more funding avenues must be distributed around capital-starved startups and small-to-medium-sized companies. The legalization of crowdfunded securities was seen in an effort to help bridge this funding gap, and therefore the roles Act was pressed through Congress and signed into law, legalizing the advertising and solicitation of securities.

Hold on! Ends up, the JOBS Act wasn’t just rather simple of Legalizing It. The Roles Act was made up of a number of different sections known as Titles, which Titles associated with different way of offering crowdfunded securities. They didn’t work all at one time. For instance, let’s consider the three Titles best to equity crowdfunding: II, III and IV.

Title II from the JOBS Act required effect in 2013. It approved equity crowdfunding using accredited investors only. What’s a certified investor, you may well ask? A certified investor is just someone who either includes a internet price of $a million USD excluding the need for their primary residence or whose earnings continues to be $200K or even more during the last 2 yrs and who expects to create a minimum of much in the present year. “Accredited investor” doesn’t denote any particular skill — it simply describes individuals who make a lot of money and/or have a very high internet worth. The concept behind treating them differently as investors is they are less easily easily wiped out by a regrettable financial commitment.

By comparison, Titles III and IV from the JOBS Act approved equity crowdfunding for non-accredited investors—basically everyone else. These Titles required effect in 2015 and 2016 correspondingly. Partly because of the gap over time between once the Titles required effect, equity crowdfunding for accredited investors is much more prevalent right now, with the likes of Fundable (see our review) and Crowdfunder (see our review) taking on the task. Equity crowdfunding for unaccredited investors (average folks), however, continues to be just getting began, though the likes of Wefunder happen to be attempting to make a try from it within this arena.

Regrettably, equity crowdfunding has yet to consider off in the way envisioned once the JOBS Act was passed, particularly equity crowdfunding for non-accredited investors. Analysts have attributed this towards the dollar limits enforced along with other regulatory challenges. Nevertheless, it’s anticipated that Congress and also the SEC continuously refine the relevant rules managing the field, so equity crowdfunding will probably be around for a while in the future. Just be familiar with the possibility hazards. Here’s the disclaimer I insert into my equity crowdfunder reviews:

Keep in mind that equity crowdfunding is really a still-evolving field, using the full impact from the JOBS Act still being assessed. Equity crowdfunding is really a more complicated proposition than, say, rewards-based crowdfunding, as investing is a lot more substantially controlled. Consult a lawyer for those who have any legal queries about the procedure, SEC rules, etc.

Non-Equity Crowdfunding

Non-equity crowdfunding encompasses a lot of what an average joe thinks about once they hear the word “crowdfunding.” Individuals who produce goods by means of tech gadgets and art are particularly attracted to rewards crowdfunding — crowdfunding where the backer receives the merchandise or work created through the campaigner in return for their contribution.

As you’re probably aware, two such platforms are Kickstarter (see our review) and Indiegogo (see our review). As the two platforms get their variations — Kickstarter is much more exclusive regarding who are able to campaign on their own site and Kickstarter necessitates that you are offering rewards — both of them cash in keeping. Both offer entrepreneurs, startups and SMBs the chance to tap the public’s desire to obtain the following big factor. Both also take 8Percent of the items you raise in charges, with 5% visiting the platform and roughly 3% visiting the payment processor.

GoFundMe (see our review) is yet another big player within the crowdfunding field, but when you can easily generate a GoFundMe campaign for the startup or small company, GoFundMe is really strongly identified with crowdfunding for medical expenses/emergencies that the more commercial campaign might find it difficult to gain traction around the platform.

One crowdfunder has upended the Kickstarter/Indiegogo/GoFundMe funding model and it has accordingly designed a big splash recently. Patreon (see our review) will work better compared to other crowdfunders for artists yet others who produce new content continuously. Using their funding model, the backer subscribes to aid the campaigner with an ongoing basis. The machine resembles a regular membership service. The backer props up campaigner either on the monthly or perhaps a per creation basis, as well as in exchange receives exclusive content in the campaigner. It’s how Twitter legend dril gets support for his nuggets of timeless knowledge.

I’ll observe that there’s a second kind of non-equity crowdfunding. Frequently it’s known as debt crowdfunding. Basically, this requires borrowing funds from the crowd of investors rather of from the bank. LendingClub (see our review), Kiva U.S. (see our review) and Prosper (see our review) are the leading debt crowdfunding sites.

Naturally, many startups will discover the possibilities of dealing with debt to obtain funding less attractive than offering rewards or equity. Also referred to as P2P (peer-to-peer) lending, debt crowdfunding is much more similar to applying for a financial loan than performing a rewards or equity crowdfunding campaign, therefore if you are interested in going after this type of business funding, take a look at my article on personal loans for business use. In the following paragraphs, I examine both P2P lenders and much more traditional online lenders when it comes to services provided and term-lengths.

Hybrid Platforms

To help complicate things, some crowdfunders host both equity and rewards crowdfunding campaigns. While Indiegogo is better noted for its rewards crowdfunding, they really offer equity crowdfunding too via a partnership with Microventures known as First Democracy VC. Fundable (see our review) is yet another platform offering both rewards and equity crowdfunding. Using these hybrid platforms, you normally can’t conduct both types of campaigns at the same time. If you wish to do both, the smart factor to complete would be to conduct a rewards campaign first. If you are effective, after that you can use the prosperity of your rewards campaign to show to equity investors the viability of your products or services and it is attract consumers.

Final Ideas

As I’ve stated, equity crowdfunding has yet to consider off like other kinds of crowdfunding. The main rewards crowdfunders have used up the majority of the oxygen within the crowdfunding room, cheap the regulatory landscape is really new (cheap equity crowdfunding involves investing) implies that submission using the relevant laws and regulations and rules is much more complex compared to the flimsily-controlled realm of rewards crowdfunding. Nevertheless, the area is ripe for growth.

Essentially, in case your entrepreneurial/business attempts are dedicated to a distinctive product or experience that may potentially generate viral enthusiasm, rewards crowdfunding is the best choice. If, however, you’re creating a company with exponential growth potential but which doesn’t create a singular product that people salivate over, equity crowdfunding helps make the most sense. Obviously, there isn’t any reason you cannot do one and so the other!

Jason Vissers

Jason Vissers is really a author, cereal chef and Netflix aficionado from North Park. A local Californian who enjoys the shore, Jason nevertheless would rather do his surfing on the internet, the raddest wave of all of them. Jason can’t eat raisins.

Jason Vissers

“”

2017 Black Friday, Cyber Monday, and Holiday Deals for Small Company Proprietors

Our impartial reviews and content are supported partly by affiliate partnerships. Find out more.

Best Black Friday Deals for Small Business Owners

I’ve never understood why, at the time as we meditate on being grateful and quite happy with what we should have, we hurry towards the store and proceed throngs of people to purchase the following best factor. So far, that’s.

With regards to your online business, you need to make the most of every deal open to you. Fortunately, this season there are many to select from. We spent hrs digging to find the best Black Friday, Cyber Monday, along with other holiday deals so you do not have to. Whether you’re looking for a brand new POS system, a good deal on a credit card merchant account, or some seriously discounted accounting software, there’s something for everybody this holidays.

Note: We’ll be updating this publish regularly to create the most up-to-date offers and discounts. Be on the lookout for additional bargains in the future!

Table of Contents

Merchant Services

If you are searching to simply accept card payments out of your customers, you’ll need a credit card merchant account. Most merchant services charge a particular rate per transaction, but there’s a couple subscription-based mixers are providing discounts on their own monthly rates along with a couple of which are offering deals on hardware.

Fattmerchant

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Fattmerchant hasn’t released their Cyber Monday deal yet, but it’s not far off. We’ll update this publish when we all know more, so make sure to return in.

Fattmerchant is really a subscription-based credit card merchant account that works with most major shopping carts. The organization offer 24/7 free support and receive 5/5 stars on our websiteTo understand more about this credit card merchant account, visit our comprehensive Fattmerchant review.

PaySimple

Best Black Friday Deals for Small Business Owners

PaySimple is providing 50% from the first 3 several weeks and services information.

This promotion is perfect for new clients you have to complete the enrollment form by 11:59 pm EST on November 30th to obtain this discount (discount doesn’t affect individual transaction charges). Use coupon code CYBER.Offers are not valid with every other promotions. Contact PaySimple for more information.

PaySimple is yet another subscription-based credit card merchant account that meets its name. The credit card merchant account is straightforward, simple to use, and it has great customer support. To understand more about this credit card merchant account, read our comprehensive PaySimple review.

Cayan

Best Black Friday Deals for Small Business Owners

Cayan is providing $150 in free software and hardware.

Cayan is providing a vacation Bundle to new users who join a Cayan account. The bundle includes $100 in instant credit, a totally free EMV-enable card swiper, and free eCommerce setup (often a $150 value as a whole). Contact Cayan directly for more information or join the vacation bundle here.

Cayan has developed in the credit card merchant account game since 1998 and it has an excellent status. The program is fairly priced while offering wonderful features. To understand more about this credit card merchant account option, read our full Cayan review.

Mobile Payments

If you were to Nederlander Bros, you realize about Mobile Reason for Purchase (mPOS) apps. Accepting payments on the go with simply a tablet and/or smartphone is essential for many companies. Which screaming holiday deals might help your organization just do that.

Square

Best Black Friday Deals for Small Business Owners

Square is providing $10 off a Contactless + Nick readers.

When you join a Square account, you will see a promo for $10 a Contactless + Nick Readers (ordinarily a $49 value). The discount is restricted to 1 per account. Contact Square to learn more.

Square is a huge name in mobile payments processing–and for a good reason. With ample features along with a flat swipe rate, it’s easy to understand why. On this 4.5/five star software within our comprehensive Square review.

Intuit GoPayment

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Intuit hasn’t released their Black Friday promo yet, but it’s not far off. The deals will likely be announced on Monday. We’ll update this publish when we all know more, so make sure to return in.

While Intuit is much more noted for its QuickBooks accounting software, Intuit also provides a mPOS known as Intuit Go Payment (formerly referred to as Intuit Payment Solutions). Intuit GoPayment offers competitive rates along with a seamless Quickbooks integration. To understand more about this method, read our comprehensive Intuit GoPayment review.

POS Software

Reason for Purchase (POS) solutions really are a huge element of retail and restaurant companies. If you are looking for a great POS system, there’s seriously no better time for you to purchase. Miracle traffic bot category has got the most holiday promotions undoubtedly, so you have several options.

Toast POS

Best Black Friday Deals for Small Business Owners

Toast POS is providing up $6,000 in hardware to new clients.

If you’re a new Toast POS customer transitioning from Aloha or Micros, you are able to qualify for approximately $6,000 in hardware.

This deal is essentially a hardware swap. For instance, for those who have an Aloha or Micro terminal, you are able to swap it for any free Toast POS terminal (as much as $6,000). Toast is just matching existing hardware, so any other purchases is going to be priced normally. This deal applies its November. Find out more about this deal and Contact Toast POS directly to find out if you qualify.

Toast POS is a perfect restaurant POS that provides ample features, a loyalty rewards program, and gift certificate abilities. Discover what else Toast POS provides within our comprehensive 5/five star Toast POS review.

Revel Systems

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Revel Systems hasn’t released their promotion yet, but be on the lookout for that company’s announcement. We’ll update this publish when we all know more, so make sure to return in.

Revel Systems is among the top iPad POS systems, boasting 25,000 terminals being used and powerful features. To understand more about Revel Systems, read our comprehensive Revel Systems review.

Lightspeed

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Lightspeed hasn’t released their promotion yet, but be on the lookout for that company’s announcement. We all do realize that both software and hardware is going to be discounted. We’ll update this publish when we all know more, so make sure to return in.

Lightspeed offers multiple POS systems for particular industries. (Before the promo is released, we won’t know which version is going to be discounted.) Read our complete Lightspeed Retail, Lightspeed eCom, and Lightspeed Restaurant reviews to find out more.

NCR Silver

Best Black Friday Deals for Small Business Owners

NCR Silver is providing 1-2 free several weeks and services information for annual subscriptions.

Although this isn’t always a Black Friday or Cyber Monday purchase, we would have liked to show you from the promotion NCR Silver is presently running.

If you buy single-year subscription, you’ll get a month of free service if you buy a couple-year subscription, you’ll receive two several weeks of free service. The offer pertains to brand new merchant, no matter location or quantity of terminals. Purchase ends on December 31. Contact NCR Silver for more information.

NCR Silver is really a cloud-based POS well suited for medium-sized companies. It provides 24/7 support and integrates with leading accounting software. Read our complete NCR Silver review to find out more.

LingaPOS

Best Black Friday Deals for Small Business Owners

Linga POS is providing 3 several weeks of free service.

New users who begin a Linga account will get 3 several weeks of the free Linga POS license. Deal ends on December 15th. Contact Linga POS directly to benefit from this offer.

Linga POS offers impressive features together with a strong inventory management system. The program is competitive in cost and is a superb option for food services. Read our complete LingaPOS review to find out more.

Hike POS

Best Black Friday Deals for Small Business Owners

Hike is providing a 30% discount to customers.

Hike is providing a 30% discount to customers. We are adding a lot of this promotion soon, until then, contact Hike directly for details.

Although Hike is really a relatively recent POS solution, it provides an attractive interface and lots of features. Hike is simple to use and versatile too. Read our comprehensive Hike review to understand more about this 4.5/five star software.

Epos Now

Best Black Friday Deals for Small Business Owners

Epos Now’s offering $500 in savings.

Epos Now’s offering their POS System including a 15″ touchscreen terminal, an invoice printer, along with a cash drawer for $1,299 (ordinarily a $1,799 value). Contact Epos Let’s focus on details or visit here to join up with this promotion.

Epos Now’s a quick-growing POS system located in the United kingdom. The machine is simple to use, filled with features, and reliable enough for Disney Pictures and Universal for doing things (that’s enough to achieve my election if it is adequate for Disney it should be the most joyful POS system on the planet right?). Read our full Epos Now review to find out if you accept me and to understand more about the program on your own.

Springboard Retail

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Springboard Retail hasn’t released their November promotion yet, but be on the lookout for that company’s announcement. We’ll update this publish when we all know more, so make sure to return in.

Springboard Retail is really a POS system with limitless users and ample features. The POS system offers scalable prices plans and it is incredibly simple to use. To understand more about POS option, read our complete Springboard Retail review.

GiftLogic POS

Best Black Friday Deals for Small Business Owners

GiftLogic POS is providing a hardware looking for $.99 with acquisition of any initial software bundle.

If you buy any GiftLogic POS software bundle, you’re qualified to purchase a hardware looking for a reduced cost of $.99. We is going to be adding a lot of this promotion soon, until then, contact GiftLogic POS directly for details.

GiftLogic POS is really a Home windows-based retail POS that is fantastic for clothes shops and gift shops. The program offers extensive features including reporting and inventory. To understand more about this POS contender, read our complete GiftLogicPOS review.

Accounting Software

The section you’ve all been awaiting! Okay, in order the mind accounting author at Merchant Maverick I’m just a little biased toward accounting software, but hey–that means I understand a great deal after i see one. I’m excited to talk about these steals along with you.

Aplos

Best Black Friday Deals for Small Business Owners

Aplos is providing 50% off select annual subscriptions.

Aplos is providing 50% from the newbie of the annual subscription for their Starter or Standard Accounting packages. Any new user can use with this promo and you will find no cancellation charges (should you aren’t satisfied, Aplos will refund you the rest of your unused subscription). Use coupon code SuperSale2017 to obtain this deal although it still lasts. Contact Aplos to learn more.

Aplos is really a non-profit accounting solution with ample features and extremely positive testimonials. We even named the program among the Top 4 Accounting Programs for Nonprofits, so long should be good. Browse the publish on your own to find out if this nonprofit solution is a great fit for you personally.

QuickBooks

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Intuit QuickBooks hasn’t released their Black Friday promo yet, but it’s not far off. The deals will likely be announced on Monday. We’ll update this publish when we all know more, so make sure to return in.

QuickBooks may be the big named in comprising grounds. With multiple desktop and cloud-based products, this accounting giant offers solutions for pretty much any sized business. Read our comprehensive reviews of Quickbooks Online, QuickBooks Desktop Pro, QuickBooks Desktop Mac, QuickBooks Desktop Enterprise, and QuickBooks Self-Employed, or read this handy comparison chart to determine what version fits your needs.

Note: If you are offered on Quickbooks Desktop, look into the Black Friday deals at the local Best To Buy, Staples, along with other office supplies online stores. I will allow you to inside a little secret: The final time I visited Staples, QuickBooks Desktop Pro was $30 less expensive than the discounted form of the program on Intuit’s site.

Shopping Cart Software Software

This season, most eCommerce sellers are most likely considering how you can market their very own stores to bring in the vacation sales. But remember to take a few here we are at yourself and think about whether these shopping cart software discounts are suitable for your company.

Zoey Commerce

Best Black Friday Deals for Small Business Owners

Zoey Commerce is providing a 5% – 10% discount on annual subscriptions.

Zoey Commerce is providing a price reduction on annual subscriptions. New clients registering for the Strategic business plan will get a 5% discount using the coupon code THANKS5. New clients registering for the company Plus or Premier pan will get a tenPercent discount while using coupon code THANKS10.

These discounts are additionally towards the existing 10% discount that Zoey offers for annual subscriptions. Monthly plans don’t apply. These codes is going to be active from Wednesday, November 22 to Thursday, November 30. When you produce a trial, you will see a place for any coupon code. If you want help getting this deal or want more details contact Zoey Commerce directly.

Zoey Commerce is really a well-loved, fully-featured eCommerce platform. If you wish to determine what makes miracle traffic bot so excellent, read our complete 5/five star Zoey review.

Shopify

Best Black Friday Deals for Small Business Owners

Shopify is providing $30 predetermined fee shipping with DHL Express.

Shopify can also be offering holiday shipping with UPS.

Although this isn’t always a Black Friday or Cyber Monday purchase, we would have liked to show you from the promotion Shopify is presently running.

This holidays, Shopify is partnering with DHL Express to bring Shopify customers a $30 flat-rate shipping option (before Holiday sales in my opinion). Packages should be between 1-3 pounds. Certain countries might not qualify and fuel surcharges may apply. Purchase ends December 31st. On this deal or contact Shopify for details.

Shopify can also be offering holiday shipping rates with UPS. This integration brings Shopify customers guaranteed date shipping, discounted rates for heavier packages, and all sorts of peak surcharges on UPS Ground is going to be included in Shopify. Find out more about this deal or contact Shopify for deals.

Shopify is among the big names in eCommerce and even for good reason. It provides good prices, strong features, and 24/7 customer care. To understand more about this 5/five star software, read our complete Shopify review.

3dcart

Best Black Friday Deals for Small Business Owners

Promotion not far off.

3dcart hasn’t released their November promotion yet, but it’s not far off. The promotion should really launch on Wednesday. We’ll update this publish when we all know more, so make sure to return in.

While 3dcart might be keeping us at nighttime on their own promotion for which appears like forever, it’s no mystery this company provides a great eCommerce platform. With ample features, affordable plans, and lots of design styles, 3dcart has something for virtually any merchant. Read our complete 3dcart review to learn more.

WooCommerce

Best Black Friday Deals for Small Business Owners

Promotion not far off.

Woocommerce hasn’t released their promotion yet, but be on the lookout for that company’s announcement. We’ll update this publish when we all know more, so make sure to return in.

Woocommerce is definitely an free shopping cart software wordpress plugin that directly integrates with WordPress websites. The first software download is free of charge and also the eCommerce platform provides a apparently unbeatable quantity of integrations. On this shopping cart software option within our complete Woocommerce review.

Website Builders

Searching to construct a brand new small company website? It’s not necessary to become coding expert overnight. Rather, make use of a website builder.

uKit

Best Black Friday Deals for Small Business Owners

Promotion not far off.

uKit hasn’t released their Cyber Monday promotion yet, but be on the lookout for that company’s announcement (it’ll be in this article). We’ve heard the offer will probably be pretty great. We’ll update this publish when we all know more, so make sure to return in.

uKit is really a feature-wealthy, simple to use website builder that screams classy and professional. Read our full uKit review to understand more about what this rising website builder can provide.

Inventory Software

If monitoring your holiday inventory gets difficult, it might be time for you to consider a listing software. And just what better time for you to purchase than when you will find Cyber Monday promotions within the works?

TradeGecko

Best Black Friday Deals for Small Business Owners

Promotion not far off.

TradeGecko hasn’t released their Cyber Monday promotion yet, but it’s not far off. We’ll update this publish when we all know more, so make sure to return in.

TradeGecko is really a cloud-based inventory software with strong worldwide business abilities. The program can also be noted for its robust set of features and simple to use interface. To understand more about this inventory option, read our complete TradeGecko review.

inFlow

Best Black Friday Deals for Small Business Owners

inFlow Cloud is providing per month of free service along with a free USB scanner.

inFlow is providing per month of free service along with a free USB scanner to new clients who join inFlow Cloud. This Black Friday deal is going to be sent being an email promotion you must sign up for any free trial offer between November 24 and November 27. To be able to receive this deal, it’s important to spend the money for first month and services information next, the 2nd month is free of charge and you will find no cancellation charges. The bar code scanner is restricted to all of us addresses. Contact inFlow to learn more.

InFlow offers both in your area-installed and cloud-based solutions. The program offers ample features and it is only suitable for Home windows computers. We presently have only overview of inFlow On-Premise, however, you can look it over to a minimum of learn bout inFlow like a company.

Invoicing Software

You probably know this: Creating invoices in Stand out just doesn’t work during christmas (or during any season, really). If you feel it’s time for you to manage profits having a full-fledged invoicing software, take a look at these deals.

Harvest

Best Black Friday Deals for Small Business Owners

Harvest is providing $10 off and away to new users.

Harvest is providing $10 from the first month and services information for brand new users who join Harvest during christmas. Use coupon code JUSTSAYINGTHANKS to reap the harvest of the deal before it’s far too late. Contact Harvest for more information.

Harvest is a superb invoicing application with amazing time tracking abilities and much more amazing customer support. The program can use more invoice templates for me, however if you simply need time tracking and project management software, this really is certainly a high contender. Read our complete Harvest review to find out if miracle traffic bot fits your needs.

Invoice Ninja

Best Black Friday Deals for Small Business Owners

Invoice Ninja is providing 75% off.

On Cyber Monday, Invoice Ninja is providing a 75% discount on invoicing plans. We is going to be adding a lot of this promotion soon, until then, contact InvoiceNinja directly for details.

Invoice Ninja is a straightforward-to-use invoice solution with great invoice templates along with a client portal. Invoice Ninja also provides over 35 payment gateways. to understand more about this invoicing option, read our complete Invoice Ninja review.

E-mail Marketing

Get the own Black Friday and holiday emails sent fast with the aid of e-mail marketing software. If you’ve never considered e-mail marketing before, this is the time.

GetResponse

Best Black Friday Deals for Small Business Owners

GetResponse is providing 15% business Enterprise plan.

GetResponse is providing a 15% discount for GetResponse Enterprise. We are adding a lot of this promotion soon, until then, contact GetResponse directly for details.

GetResponse is really a seasoned e-mail marketing veteran with experience along with a set of features to demonstrate it. The program is simple to use and cost-effective. Read our full GetResponse review to find out if this e-mail marketing tool suits your company.

Project Management Software

Project management software solutions offer from task management to workflow management to scheduling to budgeting and much more. But every one has one common denominator: they assist you keep an eye on work.

ProofHub

Best Black Friday Deals for Small Business Owners

ProofHub is providing a 41% discount on their own software.

Although this isn’t always a Black Friday or Cyber Monday purchase, we would have liked to show you from the promotion ProofHub is presently running.

ProofHub is providing a 41% discount on their own Ultimate Control plan (ordinarily a $150/mo value for $89/mo rather). Contact ProofHub directly for particular information regarding this promotion.

ProofHub is really a superbly designed software with wonderful features like task and subtask management, reports, and file proofing. To understand more about this project management software option, read our complete ProofHub review.

Time For You To Get Shopping!

Before getting to transported away within the Black Friday mania, there exists a final suggestion: Seek information in advance.

While these deals could be a good way for your online business to save cash, we implore you to definitely save time before you act. Don’t purchase it just since you can. Purchase it because it’s the best solution for your online business.

Each one of the promotions above originates from items that we’ve researched extensively at Merchant Maverick. However, we don’t would like you to simply take our word these are wonderful products. Seek information. Make the most of our comprehensive reviews, investigate the organization you’re thinking about purchasing from, and look for the other users are saying before choosing.

If you want help buying a solution, our Merchant Maverick blog provides extensive great sources and we’re always here for those who have questions.

Friendly PSA over! Now you can shop ’til you drop and make the most of these bargains before they’re gone.

Shall we be missing anything? If you’re a vendor having a Black Friday, Cyber Monday, or holiday purchase that people haven’t pointed out, please tell us within the comments below.

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 her newest story, she are available consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files together with her husband.

Chelsea Krause

“”

10 Reasons Real Business Proprietors Are Grateful For Online Accounting Software

Our impartial reviews and content are supported partly by affiliate partnerships. Find out more.

Small Business Online Accounting Software

Again and again I’ve found myself covering the perks of internet accounting software. But may, it’s more efficient to listen to from real small company owners—the people really in the trenches. That is why Merchant Maverick has requested small company proprietors across a number of industries to talk about why they’re grateful for his or her online accounting software.

Continue reading to see the best way to use the valuable insight from real small companies for your own business endeavors.

Table of Contents

1. It Time Saving

While you’re reading a large number of online accounting software reviews, you begin to see a design. Online accounting software time saving.

Tim Carr, founding father of WordPress software development company WordPress Zinc, shares how his online accounting software automates his business helping him save your time:

FreeAgent ensures we are able to concentrate on running our small company, and never be worried about time-consuming data entry, chasing payments or filing complicated taxes – things are automated, tax compliant, with cloud-based access, our accountants can certainly get key data without us being a bottleneck… we’ve saved countless hrs in administrative tasks per year–time which may be sent building better software for the customer, which maximizes business profit consequently.

You’d be amazed the number of small company proprietors waste hrs creating and customizing Stand out files. Rachel Rusnak, founder the entrepreneurial hub UnCubicle, was certainly one of individuals people until she found an easy method:

I began my first business nearly 10 years ago and it was unaware about good accounting practices. I had been running things from an Stand out spreadsheet (bad mistake). Not just could it have been untidy and consumed a absurd period of time, but human error seemed to be a adding step to it-not as being a good process. When tax season came that newbie, it had been a train wreck! I had been sorting through receipts, recognized I hadn’t joined a number of my expenses, didn’t remember to transmit out invoices. Yikes!

I recognized I desired a cloud-based system… [It] releases time (and stress) for me personally doing manual bookkeeping.”

WordPress and internet marketing consultant Ahmed Khalifa understands the underside line—time is money. Also, he shares how his business has profited online accounting software:

Time matters but time can also be money, therefore the a shorter period I invest in finance-related tasks, the greater time I must concentrate on my clients rather and supplying them the plan to our prime standard which i have.

Regardless of whether you searching to place your Stand out days behind you or wish to switch from the complicated program to something simpler, online accounting software may be the answer. It helped these small companies save money and time and may meet your needs too.

2. It Can Make Taxes Very Simple

You need to file small business taxes, but it’s not necessary to dread April 15 or rue your day taxes were produced. Most (good) accounting software offers some type of tax support. Regardless of whether you file W-2’s, 1099’s, Schedule C’s, or VAT, there are many of software choices for your online business.

Lucy Kirkness‘s favorite software features help her file VAT taxes on her Search engine optimization Talking to company, Pandable, effortlessly:

Like a freelancer, my accounting software of preference was Freeagent… Things I love and appreciate concerning the software probably the most is the opportunity to easily prepare and submit VAT returns. However, the standout feature for me personally may be the Tax Timeline, which belongs to the primary dashboard interface. Although I visit a live projection of methods much tax we owe, but additionally information on crucial tax deadlines.

Professional author Spencer Coffman uses QuickBooks Self-Used to help him navigate the rough waters of self-employment taxes:

[A] awesome feature is the fact that in the finish of the season I’m able to import all the [earnings and expense] data into Turbo Tax for fast and simple tax filing. Discuss convenience!

If you are fed up with stressing about taxes accounting software might be a existence-saver. Read our article Ways to get The most from Your Accounting Software This Tax Season to understand how online accounting might help your online business.

3. It Enables For Simple Invoicing

You probably know this, Stand out just doesn’t work.

I’ve stated it before, and I’ll express it again: invoices are greater than a way of making money—they really are a representation of the business’s image and professionalism. Besides online accounting software permit you to create beautiful invoice templates, but many programs offer great invoicing automations like recurring invoices and the opportunity to see when invoices are believed to be.

Ben Taylor, founding father of freelancing hub HomeWorkingClub.com, knows firsthand that online accounting software makes invoicing easy and simple, especially after using Stand out:

I personally use QuickBooks Online in my accounts. The factor I most appreciate about it’s a simple factor – the opportunity to issue invoices incredibly rapidly and on the top of credit control and who owes me money. With my first business I made use of Stand out templates for quite some time and wasted immeasureable time!

If it is time for you to provide your invoices a facelift, discover the Best Accounting Software for Invoicing or check out our top accounting solutions, which offer great invoice templates and automations.

4. It Will Help You Receive Compensated Promptly

Besides online accounting software assist you to send beautiful invoices, it may also help you receive compensated promptly for that invoices you signal. Among the best ways to get compensated promptly would be to offer multiple online payment forms. Just about all online accounting programs permit you to accept charge cards and integrate with key payment processors like PayPal. Features like invoice reminders will also help control individuals late having to pay customers.

Jennifer Vickery, president of National Strategies Public Relations, uses invoice reminders to operate her PR firm:

I’m grateful in the opportunity to rapidly setup client invoices, however that I be capable of easily send follow-up reminders.

Jen Boyadjian, founder and md at Boyadjian Talking to, also finds it simpler to remain on the top of her late invoices with payment reminders:

The program jogs my memory when a bill arrives or late, and that i can schedule an automatic indication email. I’m particularly happy relating to this because I’ve got a hard time following track of clients for invoices.

Should you have a problem remaining on the top recently invoices or want an simpler method to track invoice payments, certainly consider giving online accounting software a try.

5. It Offers Reporting Tools

Reports would be the backbone of accounting. Certain key reports, like Profit and Loss, Balance Sheet, and General Ledger, are integral to balancing the books. Other reports, like Sales by Item or Customer Balance Summary, are icing around the cake. Furthermore they allow you to understand your present financial condition and business trends, additionally they help you produce informed business decisions for future years.

Jennifer Vickery again shares how she advantages of her software’s reports:

I’m always grateful for that Reports too and that i enjoy running management reports or being able to observe how I’m doing with my earnings and expenses this season when compared with previous years. This truly helps me to understand my finances where I’m headed.

Reports are an essential component of economic planning Chief executive officer of MyCorportaion, Deborah Sweeney. She states:

I’m a Chief executive officer and I’m grateful for the accounting software since it allows us to plan and project. It enables us to drag data and reports and also to project our and make goals for that approaching year. Our accounting software helps our business management and puts us capable of make smarter business decisions.

These business owners take advantage of the capability to run reports directly from their computers or phones. With internet accounting software, you are able to too. Each application provides a different quantity of reports and various kinds of reports, so make sure to read our comprehensive reviews to find out more.

6. It Can Make Expense Tracking Simpler

Should you read our other publish, Managing Your Online Business Finances Using These Expert Tips, you already know how important expense tracking is. Among the primary purpose of accounting would be to have a solid record of your earnings and expenses. Online accounting software offers automations like live bank feeds, receipt checking, and automatic transaction categorization to create expense tracking even simpler.

Freelance author and project manager Kayla Sloan shares how switching from Stand out towards the Cloud saved her hrs of information entry:

A couple of years back, before I’d a cloud-based accounting software, I had been tracking everything by hand within an Stand out sheet. It required Hrs that i can come up with all the information in my taxes in the finish of the season and also to observe how much I had been paying for various expenses within my business.

After I switched to FreshBooks, I began saving a lot of time on these tasks. Plus, it managed to get simpler that i can decide by what expenses were worthwhile and which weren’t.

Creator of Blu Skincare, Zondra Wilson, also uses cloud accounting, not just to track expenses but to arrange transactions. She states:

QuickBooks helps me keep an eye on Blu Skin Care’s money coming interior and exterior the company. It’s stored all-in-one simple to use place. So, I usually know where I stand and I’m always ready for tax time… QuickBooks also connects to in excess of 16,000 banking institutions to download and classify my transactions for me personally.

If you’re presently using online accounting software or are searching for any cloud-based program, take advantage of all the expense tracking automation offered.

7. It Offers Mobility

In your area-installed accounting software can’t touch cloud-based software with regards to mobility. If you are always on an outing, you’ll need software that suits your mobile lifestyle. These small company proprietors discovered that mobile accounting apps helped them stay on the run.

Spencer Coffman loves doing business directly from his phone. He states:

I’m very grateful for the QuickBooks Self Employed software. It is definitely the very best financial tracking software that I have tried personally. My personal favorite factor about this is will be able to obtain the application on my cell phone and it’ll also track our mileage.

Vincent Sanders‘s IT and business talking to firm, TG4 Solutions, constantly keeps him on the go. This really is his answer to remaining effective:

Being consultants, we’re always on the highway. However, this doesn’t stop people from having the ability to track/create invoices or track receipts using our cellular devices.

It really works for Coffman and Sanders it may meet your needs too! Learn Which Accounting Programs Possess the Best Mobile Phone Applications if you are thinking about more details.

8. It’s Affordable

Generally, cloud-based software saves time and money. Just about all online accounting programs are structures as SaaS—software like a service—programs with low monthly charges. There’s also several free software application options that provide compensated accounting programs a run for his or her money.

Vincent Sanders uses Wave, a totally free accounting program, to assist balance the books while saving the checkbook:

I was in dire necessity of software that may not just track our expenses/transactions and generate monthly reports, but tend to send invoices too. Some accounting computer programs can offer these functions, Wave was to us since it was free.

If you are searching to have an affordable accounting option, take a look at our top-rated accounting programs. Visit our comprehensive accounting reviews for full prices information.

9. It Arrives With Integrations & An API

Integrations bring your accounting software one stage further allowing you connect your software with other business tools like MailChimp, PayPal, TSheets, and much more. For that tech-savvy, most online accounting programs offer some kind of API so that you can program off to your heart’s desire. Listed here are a couple of types of how real small company proprietors take advantage of integrations and API.

For Zondra Wilson, it’s by pointing out payment processors. She states:

I’m able to get data from apps I personally use like PayPal and Square.

Tim Carr shares how he makes use of API to help automate his software:

We’re most grateful for FreeAgent’s extensively recorded and powerful API (Application Programming Interface).  It’s helped us further automate the whole business workflow from your accountancy perspective.

Integrations provide key features to suit your business’s needs. Most integrations come in an additional cost, but they may be greater than well worth the cost if you are obtaining the functionality you have to run your company. Should you not know how to start, check out the 25 Must-Have Accounting Integrations for 2017 for a couple of ideas.

10. It Frees You Up To pay attention to Your Company

Finally accounting software helps you save time to be able to concentrate on what really matters–running your company.

Jen Boyadjian states:

My online accounting software provides me with time and freedom to pay attention to my developing my small company since i can automate lots of tasks that will take me hrs to accomplish by hand.

Cristian Renella includes a similar story, claiming his accounting software freed him to pay attention to managing his business:

As a small company owner, Thx to Zoho Books because since i have began dealing with them five years ago they solved the problem to focus exclusively more about my startup.

Because of them my productivity increased… because I recognized which i could begin using cloud-based online software for nearly everything!

Thx since i potentially have to pay attention to what is important: my company, for the exact purpose of creating it grow every single day. Because every entrepreneur recognizes that the most crucial factor is to eliminate all distractions apart from focusing on your products or services.

Final Ideas

At Merchant Maverick, our finish goal should be to assist you to run your company better. Should you already use cloud accounting, hopefully these expert tips keep you going to benefit from every feature your software provides.

Should you haven’t switched towards the cloud, you ought to have a much better idea now of methods companies take advantage of online accounting software. To understand when the Cloud fits your needs, read our publish: Accounting Software: Cloud-Based or In your area Installed? If you’re already offered on switching, take a look at our comprehensive accounting reviews and our Complete Help guide to Selecting Online Accounting Software.

So that as always, for those who have any queries on your way to locating the perfect software, please achieve in your comments ought to below.

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 her newest story, she are available consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files together with her husband.

Chelsea Krause

“”

Manage Your Online Business Finances Using These Expert Tips

Our impartial reviews and content are supported partly by affiliate partnerships. Find out more.

Expert Accounting Tips

Because of so many cloud accounting programs available, it’s simpler than ever before for small companies to have their own books. But they are small company proprietors overlooking important details when managing their very own finances?

At Merchant Maverick, we all know accounting isn’t easy, particularly if you don’t have any previous business background. That is why we arrived at to seasoned accounting professionals and licensed CPAs to understand their top accounting strategies for small company proprietors. Continue reading for valuable advice from industry professionals.

Table of Contents

Change to the Cloud

As a small company owner, you have the time-consuming tasks to bother with accounting doesn’t need to be one of these. That is why we like time-saving mobility that cloud accounting programs offer. Ends up we aren’t the only real ones who recommend cloud-based accounting.

Tom Kelly is the Sr. Director of Product Marketing at Oracle + NetSuite. Here’s what he needs to say about cloud-based accounting:

If you’re not leveraging the Cloud to streamline your accounting processes you have to be. From your ERP to the way you manage the travel and expense report process ought to be Cloud-based. It’ll allow small businesses the opportunity to concentrate on the stuff that matter most versus focusing a lot of time and sources on administrative activities.

If streamlining your money by switching towards the cloud seems like advisable for your online business, check out our top-rated accounting programs to locate which software fits your needs. Or read Accounting Software: Cloud-Based or In your area Installed?

Automate Your Bookkeeping

If you are presently using accounting software, you will find a range of automations at your fingertips. Don’t allow them to be wasted!

Aaron Lesher, CPA and Mind of Customer Success at Hurdlr, shares his assistance with probably the most time-saving automations small companies ought to be using:

Automate your bookkeeping to trace profits and expenses utilizing an application that links with your money to instantly pull transactions and saves receipts. Delegating this boring task helps you save a lot of time, empowers you with real-time profit and tax estimates, and enables you to definitely take more time on growing your company. 

Automations like live bank feeds, automatic transaction categorization, and receipt checking can help to save time. Rely on them whenever you can.

Separate Business and personal Expenses

Nobody wants to obtain audited. Among the greatest warning flags the government searches for is conflation of business and personal expenses.

Several small company accounting programs, like Wave, permit you to isolate personal expenses from business expenses. However, Josh Zimmelman, who owns Westwood Tax & Talking to, states the answer would be to create separate business and personal accounts:

Setup separate checking, savings, and charge card makes up about your company, so that you can keep an eye on your company spending without them getting confused with your own personal spending. It’ll make working your deductions and filing your taxes a lot easier… If you are using something for personal and business purposes (like a mobile phone) you are able to subtract a portion from the expenses in your taxes in line with the number of use but you’ll need detailed call logs along with other documentation to back that up. 

Opening separate business and personal accounts might help save lots of headaches lower the street.

Simplify Your Chart of Accounts

Understanding a chart of accounts is difficult enough. Help make your existence simpler by upholding your chart of accounts simple. Most accounting programs give a default chart of accounts, but it’s vital that you edit the accounts to suit your specific business.

Crystalynn Shelton is a CPA and author for Fit Small Business focusing on small company Bookkeeping, Accounting, and Taxes.She explains the way a simple chart of accounts takes care of:

Tip #1: Keep your Chart of Accounts simple. Make certain that you simply only setup accounts that you’ll use frequently and never once every blue moon. For instance, ‘office supplies’ is definitely an account that many companies uses frequently. Your house that you simply purchased flowers for use on your assistant for Administrative Professional’s day don’t on line for ‘flowers’ rather, you are able to setup a free account known as ‘Miscellaneous expense.’ 

If you want additional help or ideas, take a look at our detailed article: How to setup Your Chart of Accounts.

Stay Informed

Keeping the books up-to-date could be overwhelming, but finances don’t need to be an encumbrance. Accounting software offers lots of tools–like reports–to assist you to understand your business’s finances.

Martin C. McCarthy, managing partner of McCarthy & Company, PC, states not just in the event you understand your accounting reports, but you should think about them at frequently. Based on McCarthy:

Many small company proprietors focus a lot of time on operations and never enough on accounting and finance. Some proprietors assume it’s good enough to operate on bookkeeping and financial statements monthly, where others concentrate on these characteristics quarterly. Savvy small company proprietors realize that you should maintain their books current and also to evaluate the figures presented within their fiscal reports (earnings statement, balance sheet, profit and loss statement, and funds flow statement) a minimum of monthly. This really is the only method to make seem decisions to maintain your company running a business.

Remaining up-to-date in your business’s earnings, expenses, and activities will help you to make informed business decisions.

Keep Solid Records

Among the primary purpose of accounting would be to record your business’s earnings and expenses. These financial records assist you to recognize important trends inside your business, ease the tax filing process, and safeguard you within the situation of the IRS audit. But what’s the easiest method to compile and save this info? To reply to that question, we’ve enlisted the aid of a couple of experts.

CPA Michael Gray believes that documentation is among the greatest issues small companies have to consider.

My #1 accounting tip would be to maintain good documentation. You need to a minimum of maintain PDF copies of your money and charge card statements to be able to readily access them… Many companies are relocating to becoming paperless operations.  They scan their supporting documents and store them on their own computers or online around the ‘cloud.’ The documents ought to be filed within an orderly way to be able to find them… When you’re keeping documents on the local computer, it’s necessary that support copies are stored inside a separate, safe location to allow them to be retrieved in case of a thievery or disaster.

Crystalynn Shelton provides another compelling need to take documentation seriously:

Scan all receipts and important documents towards the cloud. The Government requires you to definitely keep copies of financial records not less than many years. Before very long, you have more filing cabinets than employees! Additionally, a lot of it on receipts has a tendency to fade after some time. By checking these documents and organizing them within the cloud, you will get charge of the clutter and simply located documents when you really need them! 

The final factor you would like would be to misplace important documents and have receipts go wrong when you really need them most. By continuing to keep solid records you’ll be more conscious of the financial condition of the business. Most significantly, you’ll have reassurance knowing that you’re outfitted to outlive an IRS audit.

Utilize Software Integrations

Just about all (good) cloud accounting programs offer third-party integrations. These integrations, which could encompass managing contacts, e-mail marketing, scheduling, and much more, are extra tools will help your online business succeed.

The greatest advice of Moshe Amsel, founding father of DreamBuilder Financial, is to benefit from 3rd-party integrations:

You will find countless applications that integrate with QBO and Xero and can bring inefficiencies to your business. Never be afraid to test new applications and find out when they help you.

Integrations provide essential features, without that you need to change accounting solutions altogether. Most integrations come in an additional cost, but they may be greater than well worth the cost if you are obtaining the functionality you have to run your company. Should you not know how to start, check out the 25 Must-Have Accounting Integrations for 2017 for any couple of ideas.

Delegate Time-Consuming Tasks

As a small company owner, time matters. Cloud accounting and automations can help you save energy, but it’s vital that you know when you should delegate the duties which are sucking hrs from your day.

In half a century of monetary leadership, the main one factor CPA Charles Read is familiar with would be to delegate time-consuming tasks, especially payroll:

Delegate your payroll to some service bureau which has CPA’s within the company to deal with your compliance problems.  Don’t burden yourself, your employees, or perhaps your accountant using the information on payroll that both you and your team don’t understand.

Probably the most valuable bit of these tips would be to thinking about outsourcing the duties that aren’t inside your wheelhouse—even in the event that means paying your accounting ways to somebody that understands them better.

Know When you should Hire a cpa

Along that very same vein, knowing when you should hire a cpa is amazingly important. Basically we believe any small business operator can learn how to do their very own accounting, not everyone should. There are several cases–when establishing your legal business, checking deductions before filing taxes, or fighting a tax audit, for example–when you actually need the aid of an authorized professional.

Even business proprietors who’re well-experienced in accounting need to consider if the time that it takes are the best allocated to other matters.

Martic C. McCarthy has some ideas on when you consider getting a CPA rather to do everything yourself:

Accounting firms typically offer bookkeeping and payroll services. Small company proprietors who don’t have time to pay attention to these areas or aren’t been trained in accounting should think about using a cpa (CPA). Doing this will make sure their books are stored updated, the figures reported on their own fiscal reports are current and accurate, and they are following all of the IRS payroll reporting, tax filing and payment needs.

Final Ideas

Existence as a small company owner is complicated. Hopefully the practical advice above helps make it simpler to remain on the top of the finances. If these pointers work with actual CPAs, they are able to meet your needs too. Tell us which things work with good for you within the comments below!

Are you currently an accountant los angeles or accounting expert with something to include? Please share your top accounting tips around within the comments too.

And, of course, if you want help selecting accounting software or want to understand more about accounting, our impartial accounting software reviews and blog are here to assist.

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 her newest story, she are available consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files together with her husband.

Chelsea Krause

“”

Shopify versus. Volusion Ecommerce Platform Comparison

Shopify and Volusion are two best-known “hosted” ecommerce platforms on the web.

Ecommerce options exist on the spectrum of convenience and control. Both Shopify and Volusion are right in the center of the spectrum simply because they bundle all of the technical areas of a web-based store – hosting, speed, security, inventory, shopping cart software and payment processing – and bundle it right into a single monthly cost. This contrasts with solutions like WordPress + Woocommerce in which you buy, operate and keep each bit from the store but additionally have true 100% control of your site.

Ecommerce Real Estate Tradeoffs

But just like a self-located ecommerce website, Shopify and Volusion also bundle in your website in your domain in which you have full charge of product, prices and customer experience. So unlike managing a store on Etsy, eBay or Amazon . com – you control the build, design and content of the store.

Even if this area of the spectrum has lots of tradeoffs – services like Shopify and Volusion are a great choice for many storeowners. Therefore the question becomes – Shopify versus. Volusion?

I’ve reviewed Shopify here and Volusion here. I’ve used both like a customer so that as an advisor to customers of both.

Both are excellent companies by having an excellent product. And like several my other ecommerce and hosting reviews, there’s no such factor being an absolute “best” – there’s only the best choice for you personally according to your circumstances, goals and sources.

Here’s how Shopify comes even close to Volusion across 6 variables that many customers take a look at – and what you need to consider with Shopify versus. Volusion.

Skip to conclusion here.

Aside – I built a Buzzfeed style quiz for ecommerce platforms that grades the standards together with your goals. You should check out the quiz here.

Also, a fast disclosure – I receive referral charges from companies pointed out on this web site. All data and opinions derive from my experience like a having to pay customer or consultant to some having to pay customer.

Cost

Ahh – cost. It’s both simplest and many complex method to compare two products.

Rapid story on cost is the fact that both Shopify and Volusion work on a regular monthly cost structure having a ~2 week free trial offer. They likewise have a really similar “sticker” cost with tiers at ~$29/mo and ~$79/mo or more.

Shopify Pricing for Shopify Review (2016)

Volusion Pricing

That stated, their plan structure is simply different enough to create a direct comparison a little difficult.

The primary tradeoff originates from charges.

And you will find 3 various kinds of charges to think about.

First is the monthly store fee. This fee may be the “sticker” cost. Both Volusion and Shopify are usually exactly the same. Volusion is slightly cheaper, they also don’t include each and every feature on lower tiers that Shopify does.

Second is the store transaction fee. Shopify doesn’t charge transaction fees if you are using their charge card processor. Otherwise, their transaction charges are identical.

Third is the charge card processing charges. If you are using a third party processor like Authorize.internet, PayPal or Stripe – then you’ll pay anything they charge. If you are using Volusion, you’ll need to use a third party processor. If you are using Shopify, you should use Shopify payments for just two.9% + $.30 – about industry average.

If you are considering using a third party processor (ie, for cost or staying with your present provider), then Volusion is going to be comparable – or perhaps slightly less expensive than Shopify each month.

If you’re available to going “all in” ‘with Shopify, then you’ll save a lot of profit charges based on your revenue level.

In either case – cost isn’t the deciding factor for Shopify versus. Volusion. Rather, I’d take a look at additional factors.

Customer Care

Customer care is among the most undervalued advantages of choosing a located ecommerce platform.

The entire charge of a self-located ecommerce website is wonderful until it will get hacked and you’re having to pay $$$ to some developer or you are within the WordPress forums wishing someone points you within the right direction.

Both Volusion and Shopify have customer care included in their monthly cost. You obtain access to a variety of channels on – from phone to talk to forums to email tickets.

All customer care is customized since both operate on proprietary platforms.

At register – both of them come with an “onboarding” sequence along with a consultant to assist with any issues.

Volusion Onboarding

I’ve had good encounters with and you will find a few variations that I’ve observed –

  • Volusion has more thorough and instructive DIY education. They’ve videos and screenshots for small changes around the Dashboard whereas Shopify may have text instructions.Volusion Support
  • Volusion results in as increasing numbers of beginner-friendly because of onboarding and high consultant walk-throughs
  • Shopify has more thorough and instructive content on running your overall business. They invest considerable time and sources in situation studies, lengthy-form guides, tutorials, and helping your company succeed beyond just applying a brand new feature.
  • Shopify also offers a far more well-developed network of third party developers and marketers who focus on Shopify. They’re also known as “Shopify Experts.” It isn’t effortlessly, but it’s a much better beginning point for advanced help than the usual Google or UpWork search.
  • Shopify has *many* more integrations along with other 3rd parties along with other platforms. And frequently, individuals other platforms will really provide support for that Shopify integrations. This really is crucial for labeling providers, fulfillment providers, bookkeepers, etcShopify Integrations

Overall, I’d state that beginners will probably find Volusion’s support system to become less daunting. However a growing store will probably find Shopify’s support system to become handier. Quite simply, Shopify has a little more of the learning curve to understand their system, but once you understand it – that you can do more by using it.

Customer Focus

Shopify and Volusion both serve companies that vary from really small retailers selling niche products to multi-billion dollar brands. Have enterprise plans (I authored about Shopify Plus here) plus they have customer care teams educated to help absolute beginners.

That stated – there’s a significant difference between your companies when it comes to sources and mission. Shopify did an Dpo in 2015 to be a perfectly-funded public company. Their platform should serve all retail companies both on and offline – however with an emphasis on startups or online-first companies that are looking to grow offline.

Shopify runs their very own payment processing service as well as has their very own Point-of-Purchase (POS) system to ensure that small offline retailers sell offline an internet-based from inside exactly the same system. These were the first one to unveil “buyable buttons” on Pinterest and Facebook to ensure that retailers could sell inventory directly anywhere online – not only from customers who examined through the merchant’s website.

Shopify’s backend (which I’ll cover within the next section) reflects this focus. These products / orders / customers / inventory area is outside of the “website” area. The concept is your website is just one of numerous sales channels. You are able to certainly run your site as the only sales funnel in Shopify – however the choices to sell elsewhere happen to be built-in.

Volusions’s focus appears to become more about stores with an existing large offline operation – and want to grow online (almost overturn of Shopify).

That’s not necessarily a bad or perhaps a good factor – it’s only a choice. Their backend and terminology is centered on the storeowner that has a current retail business and requires to create it on the internet. There is a robust inventory system having a concentrate on the operations of the ecommerce store as opposed to the marketing of the ecommerce store. They’ve straightforward functionality to create on team people to handle listings and inventory.

Volusion Admin Control

Both Volusion and Shopify are fantastic platforms for startups to enterprise. However, Shopify’s focus is on getting an extensive platform that is useful for any kind of store. Volusions’s focus helps existing storeowners sell better – and manage across channels.

User-ambiance & Onboarding

Associated with Customer Focus would be the problems with user-ambiance and “onboarding” (ie, obtaining a new customer for an active storeowner).

Both Volusion and Shopify have excellent onboarding processes and user-friendly management areas.

The primary difference is when each backend is structured. Volusion includes a single Dashboard in which you manage everything – your product or service, inventory, websites, settings, billing, etc.

Volusion Dashboard

Shopify breaks out products/customers/orders as well as your website into separate areas. Furthermore, Shopify has their very own lingo.

For instance, rather of “product categories” – Shopify has “Collections.” Rather of a “website” – Shopify has “Online Store” that is among your “Sales Channels.”

Shopify Backend

To have an absolute beginner, it requires a couple of more minutes to determine Shopify’s lingo and structure when compared with Volusion. That stated, once Shopify’s lingo clicks, it will provide a little more versatility for daily operations. Shopify’s inventory setup, their product filtering and template editor are faster and much more versatile – when you figure them out.

For those who have never operate a website before and just possess a promising small to mid-size product collection, then Volusion will probably be preferable than Shopify.

If you would like more lengthy-term versatility, you’ll likely appreciate Shopify’s system more when you tackle the training curve.

Method of Features

Both Shopify and Volusion have the majority of the tools (marketing, Search engine optimization, inventory, order, etc) a web-based store will have to be effective. They differ though in the way the each approach adding additional features.

Shopify takes the “platform” approach. They’ve essential features that storeowners will require built-in. However for features that does not all storeowners need – they concentrate on ensuring storeowners can also add feature extensions for their store when needed. There is a large and active Application Store that does not has only well-known extensions (ie, MailChimp) but additionally lots of indie apps for each situation (ie, apps for worldwide tax and shipping features).

Shopify Apps

Shopify’s template editing language, Liquid, also enables developers to include features straight to an outlet if required. Shopify also offers a good “CMS” to handle non-product content (ie, blogs, pages, etc).

Shopify Blog Post

Volusion comes with an Application Store for extensions too. However, Volusion includes a bigger concentrate on building plenty of features straight into their software to ensure that there’s you don’t need to add extra time.

For instance, take selling on Amazon . com or importing your Amazon . com listings for your store. Both Shopify and Volusion could make these functions happen.

Volusion builds the feature to their backend. Should you not require the feature, it adds some clutter and technically enables you to “pay” for something aren’t using. However if you simply require it, it’s already there also it simply works.

Volusion Amazon Integration

Shopify doesn’t have it built-in. However, they are doing come with an application extension (produced by Shopify, readily available for free) that you could supplment your store if you are an Amazon . com seller.

That stated – the switch side from the platform/built-in tradeoff is when Volusion doesn’t have an element built-in – they’re unlikely with an application to supply the functionality whatsoever.

For instance, if you’re applying bulk 301 redirects and wish to monitor 404 errors to find out if you missed any URLs – Shopify comes with an application will require proper care of that however, you won’t have the ability to it whatsoever in Volusion.

It’s exactly the same situation for drag editing, membership shopping and lots of other advanced features. Most storeowners don’t needOrwould like them. However if you simply do, you are more inclined to have it in certain form or fashion in Shopify than Volusion.

Shopify Apps

The final example this is actually the “content management system” – Shopify includes a decent one to have an ecommerce platform. Volusion, though, is decidedly missing.

Volusion CMS

Again – a CMS isn’t by itself an enormous deal. But it’s vital that you consider which needs are critical for your store.

Overall, for those who have fairly core ecommerce needs and just want something to exist and also to work – then Volusion will probably are more effective.

If you would like more versatility (without going the self-hosting route), then you’ll convey more use of features with Shopify.

Aside – for this reason I suggest carrying out a 2 week free trial offer with Volusion and Shopify simply to click around and discover for yourself.

Method of Design

Both Shopify and Volusion make use of a system of styles / templates for design. You decide on basics theme after which edit it to appear as you desire.

As the finish result is identical, they are doing have a slightly different approach.

Shopify includes a well-developed “Theme Store” which, similar to their Application Store, has many free and premium styles produced by companies, individuals, and Shopify.

Shopify Themes

Shopify’s backend enables you to definitely make changes towards the theme. It can be done via drag or via  a hybrid method of editing. Small customizations (colors, logos, etc) require only a click while bigger changes (layout, widgets, etc) require editing Shopify’s custom Liquid language. Here’s Shopify’s drag tool.

Shopify Drag Drop

Volusion includes a Theme Store that’s quickly growing. They’ve just added a brand new batch of new styles. However, still it lacks the variety of Shopify. Their cost points for premium styles are often greater too. That stated, Volusion theme editing options include both selecting small customizations and editing the HTML/CSS. It’s a far more straightforward editor that you will get with Shopify.

Volusion Templates

Overall, I believe most storeowners will discover more versatility with Shopify’s method of design. However, if you wish to edit HTML/CSS directly without learning a brand new language and/or wish to download template designs (instead of your development store) – then you’ll like Volusion better.

Shopify versus. Volusion Conclusion & Next Steps

So Shopify versus. Volusion – who is the perfect fit for who? For those who have time – I’d really recommend carrying out a free trial offer (no charge card needed) with and merely clicking around.

Obtain a free 14-day free trial offer with Volusion here.

Obtain a free 14-day free trial offer with Shopify here.

Personally, i such as the versatility and options of Shopify. They’re likely a much better fit for many online storeowners. Take a look at Shopify here & my Shopify Review here.

However, if you are a old store and wish a less complicated experience, you’ll prosper with Volusion. Take a look at Volusion here & my Volusion Review here.

If you’re undecided – then take my Ecommerce Platform Quiz here. It will require your requirements and let you know who is the greatest option for your web store.

“”