Being an entrepreneur of a successful business is a great achievement. However, according to multiple business sources, about 90 percent of startups fail. There are many reasons why businesses fail, but there are also ways to help prevent the collapse of your business.
Poor accounting is a major problem among many startups. Typically, this type of accounting leads to legal concerns, such as tax fraud, tax evasion and damage to your business’ reputation. At Verdeja & De Armas, we want to ensure that your startup is a success by properly informing you of what tools are out there to help you handle your business’ accounting requirements. We have provided a list of five accounting tools to help keep your finances on track.
According to Forbes, FreshBooks is an incredible and user-friendly accounting tool because of its ability to make accounting tasks fast, easy and secure. FreshBooks allows you to track time, create and send invoices and capture expenses in a matter of minutes. Other unique features include the ability to see if your client has viewed the invoice, set up recurring invoices, accept credit cards, track monthly expenses, generate estimates and capture billable hours.
QuickBooks offers everything that you would expect from an accounting program. It can assist you with invoicing, bill management, payroll, accessing reports, preparing tax forms, accepting online payments and printing out checks. QuickBooks can also be integrated with multiple apps, such as PayPal, LivePlan, Constant Contact and Square.
Wave is a cloud-based accounting program that is specifically designed for freelancers, entrepreneurs and small business owners. With over 1 million users, Wave provides easy-to-understand invoicing, payroll, payment and personal finance. You also have the option of creating business reports, such as sales tax reports and balance sheets, and it allows you to keep your records by uploading cash receipts.
Zoho Books consists of many accounting features, such as sending out professional invoices, tracking business expenses, accepting online payments and automating bank processes. It also assists you with calculating taxes and offers a time-tracking tool. Zoho Books can be synced with PayPal, Square, Stripe, Authorize.Net and more.
Invoicera is accounting software that caters to small business owners, enterprises and freelancers. It allows you to create customized invoices as well as manage cash flow, control expenses and receive online payments. One feature that makes this software different from the rest is that its task management tool is used to track time and to assign and evaluate tasks in order to enhance productivity.
At Verdeja, De Armas & Trujillo, LLC, our team of Miami accountants is dedicated to providing personalized and financial guidance. We provide accurate and comprehensive financial statements as well as in-depth business analyses. Contact us today for a small business accounting consultation.