What Is the Easiest Accounting Software to Use for Small Businesses?

IntroductionWhat is accounting software?To track the financial process, the business owners or individuals use the accounting software to record and report income and expenses.This is more effective and never drives grave mistakes with automation, especially for small businesses.Why do small businesses prefer accounting software?The majority of small business owners may not be much aware of accounting or finance management. So they prefer this software to manage their financial data.The software helps to reconcile data, generate receipts, and integrate with the financial data.So they don’t have to bother about the business account to balance.Moreover, it saves time and money and improves productivity and performance through the transparency of financial data.How do you choose better Accounting Software for Small businesses?Searching for the right accounting software for your business is a daunting task.Software designed for one business could not be suitable for another.It depends on the enterprise’s size, the income flow, level of experience of the accountants, and the company budget.If you are willing to choose any accounting software, it is always advisable to thoroughly examine some of the features before selecting one.Here are some of the best accounting software, distinguishing itself with outstanding features and functionalities and specially designed for small businesses.Intuit QuickBooks: Best OverallQuickBooks is an accounting software released by Intuit.It has a separate desktop version you can buy and install, and in 2019, they released the cloud-based system.Millions of businesses use QuickBooks accounting because it designs for small and medium-sized enterprises.It is very user-friendly, and business owners prefer this because they can handle this easily even though they don’t have accounting experience.While coming to the price, it is very reasonable.Features of QuickBooks Accounting contain:
With user guides and tax data export, it helps to file quarterly and annual tax returns.

Financial institution integration.

Sales tax calculations and reported tax payments.

Sort sales and expenses into tax groups automatically.

Scanned receipts are attached to the invoices.

Generate customized reports with cash flow.
QuickBooks Accounting offers a reasonable price:
Simple Start: $10 per month for business beginners.

Essentials: $17.50 per month for maintaining and expanding businesses

Plus: $25 per month to help more established and manages projects, inventory.
Sage Business Cloud Accounting: Best for Multiple UsersSage Business Cloud Accounting is a global label that provides online accounting for small businesses.It designs for small businesses, which established in 1981 in Newcastle, England.It lets you select your industry, company scale, and requirements. Over three million businesses use it.Without any accounting knowledge, users can use this and can set it up for multiple users.The main features contain:
Manage business accounting and cash flow.

Generate and share invoices.

Available on all devices so that you can access it from anywhere.

Auto entry and synchronization.

Integration with your business institution and other apps.

User-friendly dashboard and tax compliance tools.

Forecast cash flow and inventory management.

Collaboration with your accountant on any device.
Pricing of Sage Business Cloud accounting as follows:
Accounting Start: $10 per month for start-level financing to help manage cash flow.

Accounting: $25 per month for excellent cloud accounting with invoicing, cash flow management, and actual entries.
They currently offer a 50% discount for three months and a free trial for 30 days.Xero: Popular with best featuresXero is a web-based accounting software developed for small and expanding businesses.Small business owners and accountants prefer Xero, which established in New Zealand in 2006.Without any accounting knowledge, you can easily set and use this software.It is popular with its easy-to-use dashboard and can collaborate with multiple users simultaneously.Small business owners choose this because of the features and ease of use.Its two-step authentication keeps your data secure and a very reasonable rate for each plan which you choose.The main features contain:
Generate and send invoices and create an account claim.

Integration with your business institution and other apps, including HubSpot, Square.

Quick bank reconciliation.

Active financial reports.

Secured financial data.

Collaboration with multiple accountants.
Pricing for Xero is as follows:
Early: $5.50 per month, send 20 invoices, enter five bills, reconcile bank statements, and capture bills and receipts.

Growing: $16 per month, send invoices and quotes, enter bills, reconcile bank statements, and capture bills and receipts.

Established: $31 per month, includes all Growing tier features plus multi-currencies, expenses, and projects.

Every plan comes with a free 30-day trial for unlimited users.
Zoho Books: Best in automationZoho was established in 1996 in India and had a corporate office in California.Its accounting software, Zoho Books for small businesses, has outstanding features which lest you monitor your finance generate invoices and collaborate with users in real-time, and many more.Zoho includes multiples products for customer relationship management (CRM), human resource management, and inventory control.Small business owners incline to Zoho books for automation, bank reconciliation, invoicing, and more.The app integration allows you to integrate with other software which you already use.It also provides a payroll solution for companies in India.The main features contain:
Tax compliance and financial reports.

Sales management and invoicing.

Bank reconciliation.

Client portal.

Reports and records.

Automatic tax calculations.
Pricing for Zoho Books as follows:
Free: Includes up to 3 users, 1000 invoices per year, and 1000 bills per year with basic features.

Standard: ? 499/month billed annually and included up to 3 users, 5000 invoices per year, and 5000 bills per year and includes everything in free plus extra features.

Professional: ? 999/month billed annually and included up to 4 users, 10,000 invoices per year, and 10,000 bills per year and includes everything in standard plus extra features.

Premium: ? 2999/month billed annually and included up to 7 users, 25,000 invoices per year, and 25,000 bills per year and includes everything in professional plus extra features.

Elite: ? 4999/month billed annually and included up to 15 users, 100,000 invoices per year, and 100,000 bills per year and includes everything in premium plus extra features with ‘Advanced Inventory Control’.

Ultimate: ? 7999//month billed annually and included up to 15 users, 100,000 invoices per year, and 100,000 bills per year and includes everything in Elite plus extra features with ‘Dedicated Account Manager’.
ConclusionYour accounting experience doesn’t matter; any of these easy small business accounting software options will let you manage your business’s accounting and balance the books efficiently.Conclusively, the decision will depend on your budget and the features and functionality that your company needs.

Posted in Uncategorized | Tagged | Comments Off

Is The Wrong Type of Equipment Finance Company Bad For (Business) Health?

They are all the same, aren’t they? Absolutely, positively… not! We are of course talking about the equipment finance company industry in Canada and how your selection of the right partner can determine which advantages and disadvantages you can enjoy… or suffer with. We prefer positive advantages that your business can benefit with, not Canadian business financing decisions that you will suffer via the wrong choice of a lease partner for your specific needs.Ok, so what in the heck are we talking about? Essentially there are four types of asset finance partners in the equipment leasing industry in Canada. And you thought that a lease finance company was a lease finance company!The first type of partner is the ‘captive’ – no you are not the captive! The term refers simply to finance companies that are owned and literally situated within various manufacturing firms. When clients ask us about lease finance options and they mention specific equipment we are always reminding them to ensure they determine if the manufacturer captive finance firm offers asset financing. If they do we can assure you it is probably the best financial terms you will be able to come up with, as well as a better chance for overall approval re rate, structure and other general terms. Why is that?It’s to do with motivation – the captive finance firm is motivated to finance and promote the sale of products using financial options such as leasing to get the products out to the marketplace. Want to know a secret that should surprise most business owners and financial managers? It’s simply that captive finance firms in a competing industry will finance their competitor’s products, often at better rates, terms and structures. That is simply because the financial transaction will probably give the competing mfr a foothold into your business to promote and sell their own products. So don’t think that a great firm such as IBM CREDIT CORP. is the only firm that will finance your products you purchase through them. Others will also!The second main group of asset finance firms in Canada is our chartered banks – Two major banks have leasing arms that are very significant, others employ lease finance to varying degrees. Our real only comment here is that the credit bar is high and more often than not you have to be a customer of the bank to enjoy the great lease and finance structures they offer.The third main category of the Canadian equipment leasing company market is actually the largest and most robust. It also requires the maximum amount of knowledge and navigation by Canadian business owners and financial managers. This is the Independent lease finance market, where there are tens of firms that offer lease financing based on various criteria of asset size, credit quality, geographical preference, industry specialization, etc, etc, etc.You have a great choice with our category 3 partners, the independent finance companies. You can spend tens or hundreds of hours determining their credit criteria, additional collateral they require, the size of deals they do, the different lease structures they offer, or… alternatively.. use our final category for lease provider, the independent lease finance advisor who are knowledgeable intermediaries who know the market, have a strong reputation with lease providers, and can match the advantages you seek in an equipment finance transaction to the right provider. Subtle nuances in your overall lease structure, depending on the size of your transaction, can save you thousands of dollars and untold grief at the end of the term of your lease.So that’s your Canadian lease market overview. Speak to a trusted, credible and experienced Canadian business financing advisor who can successful guide you through the asset finance maze.

Posted in Uncategorized | Comments Off

Creating an Instant Ecommerce Web Site With Little Or No Money

Creating an ecommerce web site doesn’t have to be as difficult or as costly as you may think. Many forms of ecommerce solutions can be extremely intimidating to new online marketers.Though many new online marketers quickly realize the benefits of offering products online that can be instantly purchased and processed by means of an efficient shopping cart system, many fine the process of establishing efficient ecommerce systems complex, costly and technically intimidating. This is totally understandable however these factors alone drive many new online entrepreneurs away from testing and implementing eccomerce solutions that could bolster their visitors web experience and earn extra income from their web properties.This doesn’t have to be the case, particularly if you do a little research. Ecommerce enabled web sites don’t have to involve laborious activity and costly start up investments.One way to add value to your web property is to find an ecommerce solution that is “pre-designed” and pre-populated with products that compliment your existing content. These ecommerce systems can be plugged right into your existing web site and many require very little technical skills. Some pre-designed ecommerce solutions offer web site owners the ability to customize content, design and product categories with design elements and products that easily fit into your current web scheme and enormous the value of your existing content and offerings.Here’s a few reasons you should consider this option, especially if you’re new to online marketing and ecommerce activities:1. Low start up cost to completely ecommerce enable your website.Obviously this is a huge advantage to those that want to determine ecommerce feasibility without spending huge sums of money.2. Quick deployment with very low technical challenges.If you simply do not have the technical resources for deploying an ecommerce site this totally removes the technical road blocks associated with deployment.3. Scalability of the ecommerce solution is flexible and immediate.Once you’ve tested the ecommerce solution you can quickly scale the product inventory and expand your offerings without having to call upon exhaustive resources and technical expertise.4. Design customization of your ecommerce site for easy integration into existing content.There’s no need to re-invent the wheel here, simply extend your current design, color schemes and layouts to the pre-designed ecommerce solutions to easily blend into your web site.5. An overall reduction of typical headaches associated with design, development and deployment.This is one area that totally intimidates many web site owners that are considering expanding their web properties to include ecommerce functionality. Pre-designed ecommerce solutions can totally eliminate these hurdles and allow you to easily test and deploy your ecommerce ideas.6. Immediate niche level testing of your ecommerce ideas.In many cases you may not be sure if your web site lends itself to ecommerce activities. Pre-designed, plug and play ecommerce web sites allow you to determine feasibility and test additional potential revenue streams that can bolster your existing web properties.Although all of the factors listed above can prove vital with respect to adding ecommerce functionality to an existing web property, there are a few that are particularly important if you’re considering adding dynamic eccomerce functionality and additional monetization to any existing web presence.One of the biggest advantages by far is the low start up cost associate with monetizing your web site with an ecommerce system. Low start up cost will allow you to test your ideas, offer targeted product lines for your visitors and evaluate the feasibility of expanding your ecommerce offerings without the fear of spending tons of money to do so.Under typical conditions, testing any form of ecommerce system could be very expensive. Pre-designed ecommerce solutions eliminate this hurdle and allow you to accomplish this with very little effort, design cost and “back-end” administration cost. In most cases the products offered by these types of ecommerce systems are direct shipped to your customers and you never even have to become involved with the fulfillment process. It simply couldn’t be any easier than that!Once you determine the feasibility of adding an ecommerce system to your web site you can migrate to a more controlled platform that allows more flexibility and increased profit margins once your initial testing is complete and you’re experienced positive results.This process can occur after as little as a month or two of testing and satisfactory results have been observed.One of the more pressing questions regarding pre-designed ecommerce systems is this… “Where can I find these types of pre-designed ecommerce systems that I can test?”After researching a few of these options I’ve identified a solution that is easy, effective and quite simple to implement.Here’s a simple solution that allows virtually anyone with a web site or web presence to start making extra money today. Amazon and Amazingwebstores.com offers a simple plug and play solution that’s quite easy to customize and integrate into almost any web site.This is also effective because you can use the credibility of Amazon and the power of Amazon’s product inventory and technology to easily sell through your own customizable web store.This gives you the ability to operate a fully functional web site powered by Amazon in minutes. Better yet they offer a FREE 7 day trial which allows you to familiarize yourself with the functionality and features associated with the program.Don’t allow the possibility of adding ecommerce enabled functionality to your existing web properties to intimidate you. Sure cost, administration factors and fulfillment are all challenges however these issues can be addressed with solutions that are quite easy to implement. All that is require is a little research, testing and of course a little creativity.Statistics show that online shoppers are steadily increasing. Test your ecommerce options by using pre-designed ecommerce web sites and systems that provide full functionality and credibility to expand your web presence and add value and functionality to your web properties.

Posted in Uncategorized | Comments Off