Tax season is just a few months away, which means that another round of stress is coming your way. Did you know, hiring an accountant to fix your finances and taxes can save you hundreds and up to thousands of dollars each year – this is why it’s always best to hire a professional to do your taxes for you rather than doing it yourself.
The stress that comes with doing taxes stems from the lack of knowledge of tax law, as well as the process of filing taxes.
If you hire an experienced professional to do your taxes, not only will they do your taxes for you, but they may even give you helpful tips and suggestions so that you can save more.
A good financial control and consultant company is Freelance Finance Controller – the owner is a professional freelance CPA that has decades of experience in the field and can surely help you in achieving the goal of your business or requests.
As an accountant, this company uses accounting software to help them organize your books.
What is accounting software?
Software is programs or applications that run on smart devices such as computers or phones. Accounting software is programs or computer software that helps accountants or professionals manage accounts and perform accounting operations of recording, classifying, and summarizing all the financial information of the business.
There are many reasons why accountants would use accounting software.
In the process of fixing your company’s financial situation, accounting software can help you or your accountant efficiently and accurately measure your financials and resources and utilize them to their highest potential. They can also help you track your cash flows, invoices, financial statements, expenses, costs, income, debts, and even small losses and gains from certain transactions and financial events.
It also saves time since the software crunches your numbers and data. Accountants use accounting software as a tool to give you the best service they can give.
A disadvantage of this is that it can be complicated to use depending on what software you’re using. Some are simple enough for those that have no background to use. But others are too comprehensive and require professional knowledge on the matter.
So, in light of this, here are some user-friendly accounting software that is user-friendly and easy to use for your business.
Accounting Software
QuickBooks
FreshBooks
ZOHO Books
Xero
Intuit QuickBooks
First on the list is Intuit QuickBooks – this accounting software is set to keep all of your financial information organized and easily accessible to you whenever you need it. According to the reviews, the best feature about this is that it can sync your bank and popular or favorite apps so that your books will always remain accurate and up to date which is important for any business.
Who is it for?
Ideally, QuickBooks is ideal for Entrepreneurs, Small businesses, Medium sized businesses, and self-employed people that need a premium business accounting system. Whether they are online sellers, retail stores, wholesalers, or independent professionals such as wedding planners or appraisers, this accounting software is suitable for them.
FreshBooks
Another great accounting software is FreshBooks. Aside from organizing and simplifying your financial transactions and statements for tax season, it can also keep you updated with your invoices whether it may be billing or collecting cash. It also has a customizable proposal function where you can outline a project’s scope, timeline, and deliverables.
Who is it for?
With its relatively simpler customization functions, this user-friendly accounting system is most suitable for small businesses whether they may be self-employed professionals, freelancers, a business with employees, or contractors.
ZOHO Books
The next on this accounting software list is ZOHO Books. ZOHO Handles mundane accounting tasks whether it may be invoicing, handling sales orders, or even creating or negotiating deals. They can create invoices in seconds and can help you pay all your payments on time with reminders. This software also has an online payment option to give to your customers so that you can be paid faster.
Who is it for?
This application is suitable for small and medium-sized businesses. But because ZOHO also offers a free plan, this accounting software is also suitable for start-ups and solo entrepreneurs with little revenue. A great starting application for your business!
Xero
Last but not least is Xero which is an all-inclusive application with features that you need to run your business such as paying your bills or payables, recording and claiming your expenses, accepting payments, tracking inventories, sending invoices, creating purchase orders, calculating your sales tax, summarizing and reporting your financial information.
Who is it for?
With Xero, you are in control all the time making this a suitable application for accountants and bookkeepers. However, this accounting software is also suitable for Small and medium-sized businesses as well as self-employed individuals and start-ups that have less complex accounting requirements.
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