Small Business

FreshBooks and Xero are both cloud-based solutions that have become two of the biggest competitors of QuickBooks Online, the industry standard in small-business accounting software. Comparing FreshBooks and Xero, however, shows that they are largely designed to accommodate different types of businesses. FreshBooks offers unlimited time tracking, invoicing, and project and client management tools with…

In all of the business planning you’ve done, you might not have thought about what happens to your business if you retire, move on — or in a worst-case scenario, become incapacitated or die. Having a buy-sell agreement establishes a clear plan to handle any of these events. Without one, a company could face major tax…

No entrepreneur looks forward to filing their business taxes, but everyone looks forward to saving on their tax bill. Now small businesses and self-employed people may be eligible for a big tax break: the qualified business income deduction. This deduction is available for tax years 2018 through 2025 and allows certain businesses to deduct up to…

If your small business wants to accept payments, be they in-store or through your online store, you’ll need to select the best payment service provider (or a PSP) for your company’s needs. This PayJunction review covers everything you need to know about PSPs and dives into the details of PayJunction’s major features and pricing to…

A payroll schedule determines how often employees get paid, and choosing one for your company is among the first decisions you’ll make as a business owner. Even if you’re the only employee in your business, establishing a payroll schedule for yourself can create a more predictable income and protect the business’s bank account from becoming…

Software company Intuit is one of the best-known resources for financial tools. Its Apple-exclusive product, QuickBooks Desktop for Mac 2021 (or, QuickBooks for Mac), works well for a niche group of small-business owners. QuickBooks for Mac is a good fit for users who: Heavily rely on Apple computers. Have three or fewer employees who will…

Paylocity’s all-in-one cloud-based payroll and human resources platform stands out by offering scalable services, hundreds of app integrations and solid customer service availability. Its payroll features aid business owners in paying employees, filing and paying taxes, reimbursing expenses and more. It’s best suited for midsize and large businesses, though it also serves small businesses. One…

Reconciling your accounts is an important step in your business accounting process. Usually, reconciliation signals all the information in your books has been verified against an outside source and the books are ready to be closed for the month. In other words, reconciliation is typically final. From time to time, it is necessary to undo reconciliation. This…

Both NetSuite and QuickBooks are highly functional, feature-rich and designed to help businesses automate and streamline their accounting tasks and financial processes. NetSuite ERP is an all-inclusive, enterprise-level platform that covers the most detailed and wide-ranging aspects of business financial management, best-suited for larger businesses. QuickBooks Online, on the other hand, is a user-friendly and accessible platform, designed to…

There are many ways to handle shipping for your WooCommerce orders. The right solution really depends on your overall sales volume, the items that you ship and how you fulfill your orders. Sellers who ship packages of similar size and weight have different needs than those who ship a variety of parcels or use outsourced fulfillment providers….

If you rely on PayPal to process payment from customers, vendors or both, then you might be wondering what your PayPal credit card reader options are. The online invoicing that PayPal offers can be a lifesaver for companies that need to remotely access payment from customers. But for those moments that you find yourself face-to-face…

If you’re looking for an e-commerce platform that caters largely to beginners and purports simplicity and ease of use, you might consider Selz, a multichannel e-commerce solution that allows you to sell your products in the way that’s best for you. However, if you’re looking for third-party processing, a free option or certain specific features, you’ll…

Dwolla is a white-label service for integrating your business with the ACH network, allowing your business to self-host a platform for sending, receiving and facilitating bank transfers. The product boasts comprehensive security measures and assistance with integrating your business’s software onto its platform. Pricing is quote-based. With the service, businesses can receive payments without having…

Properly voiding checks in QuickBooks Online keeps your bookkeeping records accurate. This, in turn, protects your business from fraud and helps you ensure your financial statements are always correct. Although deleting a check accomplishes the same thing on your financial statements as voiding one does, deleting checks also compromises your recordkeeping and opens the door…