August 18, 2021

How A Good Accountant Can Help Your Small Business Grow

Filed under: Bookkeeping — secure_admin @ 8:08 am

accounting software

Simone has researched and analyzed many products designed to help small how an accountant can help your businesses properly manage their finances, including accounting software and small business loans. In addition to her financial writing for and Business News Daily, Simone has written previously on personal finance topics for HerMoney Media. Every business needs a budget – it allows you to create a spending plan for your money, helps keep you out of debt and generally enables you to control your finances. It might seem like working with an accountant is an expendable cost, but the benefits of having one should easily exceed what the costs are. An accountant can work with you on a range of matters from creating an accurate business budget to other matters like the assisting your with the sale of your business. Whenever tax season comes around, most business owners begin to panic and think of ways to maximize their deductions; usually when it’s too late to do anything about it.

If you are a owner considering investing in hiring an accountant, here are some of the benefits that will come with bringing the extra support on board. Business trends and projections are based on historical financial data to keep your operations profitable. This financial data is most appropriate when provided by well-structured accounting processes. If you’d like to free up your time to concentrate on growing your small business, ask us how we can assist you with advisory services that can give you a fresh perspective—and keep you focused firmly on the future. On top of consulting everyday financial decisions, your accountant can also help you shape the future of your business, Martin says. This includes making plans for succession if you’re looking to pass your business down to the next generation of family members or to employees.

Where to find an accountant

In many cases, self-employed workers can claim their business income on a personal tax return. You can track these by physically filing receipts, or you can sign up for cloud-based accounting software that digitally tracks all your expenses and can even do it automatically. Having an accountant on a business team will give valuable insight into that business to help drive good business decisions. Delegating this work to a part-time accountant will give managers and owners more time to focus on the operations of the business. Talk to your accountant about how current opportunities and impending changes in tax law may influence your business decisions. Beyond preparing your documents at tax time, your accountant can suggest tax-saving strategies throughout the year.

How do accountants add value to a business?

Accountants can help you save money and increase profitability by analysing expenses and looking at possible improvements in cash flow management, reducing debts, negotiating with suppliers, cost control, forecasting, maximising pricing, planning for profit, and better reporting of information to facilitate better …

If you want to dedicate the majority of your time to the everyday management of your business, you may want someone else to look after its finances. An accountant could help you make a cash flow forecast, a savings plan, or find a way to minimise unnecessary costs in months where income falls. For example, if you are employing staff for the first time, you will need to establish a way to pay them. An accountant can help you manage your business finances, allowing you to spend more time on the day-to-day running of your business. Afirmo NZ Limited is a registered financial services provider in New Zealand and is regulated by the Department of Internal Affairs. Afirmo is registered to provide the following financial services keeping, investing, administering, or managing money, securities, or investment portfolios on behalf of other persons and operating a money or value transfer service. When you’re starting out, you may need to take out a loan, and your accountant will figure out a way to borrow without having it cost you too much in the long run.

Build a Better Business Plan.

A good accountant will do more than simply keep track of receipts and balance the checkbook. Some accountants will simply focus on completing the task at hand. They will fill out tax returns and manage your accounts, while others will be more proactive in handling your finances.

What are the 7 functions of accounting?

The 7 functions of accounting are Accounts Payable and receivables, Payroll, Inventory cost management, Cash collections & record keeping, Budgeting, Reporting financial statements, and Legal compliance & finance controls.

Before we jump into what an accountant can do for your business, let’s talk about their superpowers . Here are a few key skills you’ll find in most accounting job descriptions. Budgeting and future projections can make or break a business, and your financial records will play a crucial role when it comes to it. It’s a great compromise for the business owner who prefers to do what they do best—be an entrepreneur and grow their business—instead of toiling over the day-to-day minutiae of running the business. If your business isn’t big enough to hire a CFO but you’d benefit from tailored financial advice, you can outsource.

Finding the Right Accountant for Your Small Business

If you charge $100 per hour, and your accountant charges a flat fee of $100 per month, that is $100 well spent because it’s unlikely that you can complete your monthly accounting chores in a single hour. Small-business owners spend countless hours keeping up with their books and taxes. That’s a lot of time that could be better spent on your business, developing new ideas and doing what you love. Today’s accountants are way more than number crunchers—think of them as financial weather people. They use their data analysis skills to keep a sharp eye on your finances and track patterns that can help them predict future opportunities—keeping you ahead of the curve. But growth comes with even more responsibilities on the not-so-fun side of your business.

They can also help with things like inventory management, and identify ways to fix the issues and come up with strategies on how better to manage stock and cashflow. When new legislation or financial regulations are introduced, you might not be informed or educated about them, whereas a professional advisor should always be up to date. Bookkeepers and accountants can also be helpful with getting your payroll right, which includes complying with government paperwork and insurance requirements. In general, bookkeepers and accountants are always there with advice to help you stay secure, fix your problems and make better decisions with data and analytics in order to keep your business from failing and helping it to grow. RamseyTrusted tax pros are an extension of your business.Small-business owners wear lots of hats and can struggle with giving up some of that control to others. Or maybe you’ve had a bad experience with someone keeping your books in the past and don’t want to go through that again. This is why you need a trusted, experienced and qualified professional.

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August 17, 2021

QuickBooks Online Plus Monthly Plan Up To 50% Off

Filed under: Bookkeeping — secure_admin @ 2:35 pm

creating and sending

The biggest difference between Start and Essentials is that Simple Start doesn’t allow you to pay and manage bills. This is a bit inconvenient since even solopreneurs or freelancers have bills that need to be paid.


QuickBooks Online is one of the mainstream products offered by Intuit. It is a powerful cloud-based accounting software designed to help small and medium-sized businesses streamline their business workflows. QuickBooks Online allows you to track income and expenses, create and send invoices, manage cash flows, track project profitability and inventory, and more. QuickBooks Essentials is specially designed for service-based businesses that bill their customers for the time invested in rendering services.

QuickBooks Online VS QuickBooks Mac Plus

Users aren’t able to create their own reports based on specific predefined variables. If you’ve already gone over a limit before the implementation of these usage limitations, you will not be able to add new list elements to the list until you reduce it. For example, if you are on the QuickBooks Online Plus plan and have 50 classes and locations, you will not be able to add any new classes and locations until you are back down to 39. These usage limits affect only active items, so you would have to mark the unwanted classes and locations as inactive to be able to add new items up to the limit. SIMPL gives you 24/7 access to everything from financial dashboards with real-time information to transactional level details to support documents all in one place. On the other hand, if you’re an accountant or someone with a great deal of accounting experience, you may like QuickBooks desktop options that use traditional accounting practices. The type of business you run has a huge influence on which QuickBooks product is right for you.

As such, the Essential plan only includes bill management and time tracking, but the Plus plan includes those two features plus tracking inventory and project profitability. For some growing organizations that need additional accounting functionalities, jumping to a more expensive QBO Advanced play may seem inevitable and justified as a cost of doing business. Such price increases may follow the so-called “Netflix effect,” bringing in changes and price increases that would make customers grumble, but not enough to make them leave the service altogether. It seems that they are bumping their prices every year but not providing more reliability to their users. Many growing companies that need a more robust solution for handling complex accounting tasks aren’t seeing the benefits.

QuickBooks Online Comparison Chart

Quickbooks Plus Vs Quickbooks Advanced Enterprise is the right choice for your business since it has features that help you simplify pricing, enhance order and inventory management, and sell online. Keep costs low and earnings high – Use landed cost and bill of materials to track costs from raw materials to final goods, including labor and transportation. Your total product cost updates automatically as component costs vary. With Enterprise for accounting, you’ll be able to do more tasks for your clients in less time than ever before!

cash flow

All packages have the option of including payroll services with a 50% discount. The reporting features are detailed and they offer customizable invoices and support multiple currencies. QuickBooks Online offers an intuitive platform with many automated features. Quickbooks is a small business software that can handle accounting, payroll operations, sending invoices, billing management, inventory control, and more.

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June 23, 2021

Magento 2 QuickBooks Integration

Filed under: Bookkeeping — secure_admin @ 11:18 am


This integration updates information whenever it detects a change and updates both WooCommerce and QuickBooks accordingly. Two-way integration is scalable and accommodates an online business’ growing needs. This blog covers the types of QuickBooks integrations and the steps to integrate WooCommerce with QuickBooks to set up a streamlined accounting solution for your online business. When a customer pays for an order successfully, an invoice that is created at the Magento store by your customer is auto-formed and saved forever in the Quickbooks. Each information related to the invoice is entered into the corresponding fields in the Magento 2 Quickbooks.

Besides the integration of Creatio with OpenCart and QuickBooks software products, Velvetech also had to integrate with the client’s backend. Integration with the server was necessary to carry over the subscription data that controls access to free and paid functionality. Our vast network of technology and solutions partners enable our customers to achieve a custom fit with our platform.

CRM Creatio Integration with OpenCart

Opencart QuickBooks Connector will help users to successfully sync their Opencart Store – Customer, Product, and Order details with the QuickBooks. The quickbooks opencart integration admin helps in importing products/customers from QuickBooks to the Opencart Store. Whenever editing of customer/product information is done in Opencart, it automatically gets auto-updated in QuickBooks. For effective integration of QuickBooks Desktop with Opencart, users are supposed to check out OpenCart QuickBooks Desktop Connector module. QuickBooks Salesforce connector integrates with QuickBooks application and Salesforce CRM to sync data automatically. This is one of the best solutions when you want to connect your accounting data with CRM for good results.

Now, you can copy your unique Web Connector Password from the connectivity pop-up window and paste it into the web connector. Well integrated with QuickBooks which helps to track the expenses. Store builder, ecommerce software and a marketing hub, all in one. With 900+ strategically designed templates and advanced SEO and marketing tools.

Accounting Software for OpenCart

This default Quickbooks Opencart Integration contains the details of a Guest Customer. You can also view the order details of a Guest Customer’s order in All Sales section. To synchronize the admin will tap the – Export Product option. To synchronize the admin will tap the – Export Customer option.

The synchronization between Quickbooks and Online Store remains uninterrupted and ensures that your inventory is up to date, both online and in-store. We continue working with the company on various support and maintenance projects and plan an update for their process management system. The new functionality will offer an even more granular level of control over the company’s business processes. Creatio integration with OpenCart e-commerce site considerably streamlined the company’s business processes and gave the company full control over its product stock and customers. CartSpan will simply import the PO provided into the appropriate field on the order or invoice in the accounting import.

Amazon Reviews

CartSpan supports the FREE Payment Gateway listed lower on this page…which allows you to record the specific credit card type as the payment method. You may then direct the transaction to its own G/L account or to the QB ‘Undeposited Funds’ account. Stores processing hundreds of transactions on a daily basis need visibility of detailed payment method to efficiently support bank reconciliation. What businesses have on-hand is not necessarily what they have to sell. Open orders in the accounting system reduce this availability, potentially leaving the company exposed to over-commitments of stock. The admin can synchronize the Opencart store – Customers, Products, and Orders with the QuickBooks Desktop.

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Therefore we knew that Creatio’s extensive functionality was a good match for the client’s needs. We personally help you get setup on your trial at no additional cost. CartSpan has never employed a per/order model of licensing and doesn’t plan to. CartSpan recognizes the G/L Sales, Asset, and Cost-of-Goods-Sold accounts configured on the accounting side. Companies confident in their offering should be willing to let you try their product before requiring any financial commitment on the front-end.

Do all customers in QuickBooks Online sync with AR Automation?

AR Automation automatically launches synchronization with your QuickBooks Online account every two hours. Additionally, you may initiate a sync at any time by clicking on the Sync Account button in your AR Automation account. You can map the standard fields using the field mapping feature according to compatible data types while syncing data from QuickBooks account to the Salesforce account. Order Time will give you unprecedented visibility into sales, purchasing, production and warehousing. Integration with accounting, ecommerce, shipping and EDI systems will streamline your work flow and increase efficiencies.

Competitors often require the use of a single account for all items imported. CartSpan offers sophisticated naming capabilities to match the convention that a business has been using successfully for years. Your integration provider should be committed to your satisfaction before you pay for anything, AND, should stay ‘out of your pocket’ just for growing your business. New phone orders and purchasing receipts are constantly changing the inventory landscape and a good integration keeps the inventory picture up-to-date in near real-time.

Q. Can WooCommerce integrate with QuickBooks?

National Processing provides a complete payment processing solution that integrates directly with Shopify. Note that Shopify charges an extra 1% per transaction if is integrated into the shopping cart. Competitive integrations like the ones compared above tend to utilize a common ledger account for items, regardless of how you have them configured on the QuickBooks side.

auto sync

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