Posts Tagged ‘bookkeeping services’

QuickBooks Online versus Desktop: Comparing the Benefits and Limitations

Choosing the right accounting software can be a critical decision that has a drastic effect on your company’s accounting processes for years to come. For entrepreneurs starting their business, or established small and medium sized business, this is no exception. With so many applications available, it is certainly a decision that needs to be researched and thought out.One question that the bookkeeping team at LedgersOnline hears almost daily is “What is the difference between QuickBooks Online and QuickBooks Desktop?” This is a loaded question, as both applications are great in their own way, and also have their own distinct advantages and disadvantages. It is also important to keep in mind that there are many accounting applications out there; each of which have their own pros and cons.

QuickBooks Online

It is clear that the Intuit team has been working on their online version for some time now, and it is only going to get better. QuickBooks Online has some great attributes for small businesses, and is a cost effective application that gives a range of interesting features. Some things that stand out when compared to their desktop counterpart include:

  • Multi-User, Anytime/Anywhere Access Through any Web Browser
  • Mobile Compatible for iPhone, iPad, and Android
  • Automated Customer Billing
  • Automated Email Reports
  • Activity Log (Audit Trail)
  • Location Tracking
  • Multiple AR/AP Lines
  • Monthly packages starting at $12.95 USD & $9.99 CDN

QuickBooks Desktop

As mentioned, both the QuickBooks Online and Desktop applications offer distinct features that are beneficial in their own way. It is important for businesses to evaluate these features to see which application will work best for them. The desktop version, for example, offers increased functionality when it comes to custom reporting and inventory management. For many businesses, the combination of these features can make the desktop version of QuickBooks an automatic choice. The Desktop version also includes:

  • Custom Reporting
  • Sales Orders
  • Inventory Assemblies
  • Progress Invoicing
  • Receiving Partial Purchase Orders
  • Profit & Loss by Class
  • QuickBooks Statement Writer
  • Budget vs Actuals for Jobs
  • Annual fee starting at $349.95 CDN

One thing to take into consideration is QuickBooks hosting for the desktop version. LedgersOnline for example, is able to host the desktop version on our servers, giving businesses multi-user, anytime/anywhere access to their accounting file. Although more expensive than the online version, this can be a good alternative for businesses who need the functionality of the desktop version, as well as the accessibility of the online version.

Key Questions to Take Into Consideration

Choosing between QuickBooks Online and QuickBooks Desktop is a difficult decision that needs to be researched and thought out thoroughly. Be sure to evaluate your current state, and where you could benefit from advancements to meet the future goals and needs of your business. Ask yourself:

1. What software do you use?

Are you an all Mac shop? QuickBooks Online can be used on any system, which draws many businesses in who use Apple computers. Keep in mind that you can also host the desktop version of QuickBooks, which allows for multi-user access from Macs and Windows alike. QuickBooks Desktop for the Mac does have its limitations, but we’ll save that for a future post.

2. Do you require remote access?

QuickBooks Online offers anywhere/anytime access to multiple users, which makes multi-user access to your accounting file simple. Again, you can also host the desktop version, but there are additional costs associated with this.

3. Does your business track inventory?

QuickBooks Desktop offers a number of features specific to industry, such as inventory controls, which are very important for some businesses. For example, if your business takes raw materials or components and builds products to sell to the end user, the desktop version of QuickBooks is a great choice. On the other hand, if you have very basic inventory, the online version of QuickBooks may be suitable.

The QuickBooks team offers a wide range of products that have something to offer for all businesses. It is important to understand the needs and goals of your business, both now and in the future, and compare them to the features and functionality that the online and desktop versions have to offer. It is also important to realize that there are many applications available for small and medium sized businesses, each with their own unique advantages and disadvantages.
Affordable bookkeeping services for any business anywhere

Contact us or learn more about our affordable bookkeeping services and see how we can help you with your books regardless of your location with clients across North America.

Accounting and Bookkeeping Software for Independent Contractors

As an independent contractor, it is important to make sure your books are in order. One of the main reasons for this is to make your tax reporting a lot easier and get you back to work as quickly as possible. As an independent contractor, you are responsible for paying quarterly income taxes–which can be an arduous process if you don’t know what you’re doing. Knowing how much you are paying out and bringing in will assist in getting your taxes paid in a timely and accurate manner and reduce the amount of time spent with your bookkeeper or accountant. Having an accounting system in place will increase productivity and help your business run efficiently. By keeping track of bills, receipts, your net profit and gross profit, and by maintaining a clean balance sheet, you can keep an eye on your money without taking too much time from your day job.

To help get your accounting system up and running, check out a few accounting industry software providers we like to use with our clients:

Quickbooks Online

QuickBooks is now available in the cloud for on-the-go accounting and allows you to import your monthly bank statements directly into the program for ease of use. There are a variety of functions you can use based on your niche for well-documented recording and its easy-to-use interface can help you get up and going whether you manage your books entirely on your own or use an outsourced bookkeeping service. Plus, if you take payments through different online shopping sites, it includes the ability to keep track of your expenses and income from PayPal, Amazon, Etsy and eBay.

Tallie

Keeping all your receipts together can be a hassle. This program lets you take a picture with your smartphone, catalog it directly with the phone app, and organize based on project, client or another categorization method as you determine. If your business is especially expense-heavy, including lots of on-the-go receipts, you likely run the risk of losing receipts or failing to keep adequate track of your expenses. And the last thing you want to do is find yourself sifting through a box of unorganized receipts every quarter. Tallie can help you manage your receipts as you create them–and syncs directly with QuickBooks Online for seamless data management.

ScanWriter

ScanWriter assists with automated data entry directly into QuickBooks, including 100s of transactions from bank and credit card statements, bills, sales orders and invoices. A lot of independent contractors find themselves spending countless hours hand-keying data–which takes up way more time than it is worth. Instead of catching up on data entry on your day off, using an automated system will help you get data entered quickly and correctly (less user error!).

Bill.com

Start encouraging your accounts payable to take electronic payments–and then move your accounts payables and accounts receivables into the 21st century with Bill.com. You’d be surprised how many of your payments can be switched to ACH payments–we help our clients switch to electronic payments for as many vendors as possible to help streamline the bill review, payment and approval process. Whether you’re the only person reviewing bills or you’re working with a partner or small team, Bill.com can help automate the entire review process for you.

Staying on top of your accounting will save you a lot of time, effort and money in the long run. Finding and utilizing the programs that meet your needs will help make you a successful indepedent contractor. And if you need any help, an online bookkeeping service can help you get up and running, from managing your entire accounting department to assisting with accounting software integrations or specific bookkeeping services.

Wondering what accounting services are available for independent contractors? See whether accounting services are for you.

 

QuickBooks Online versus Desktop: Comparing the Benefits and Limitations

Choosing the right accounting software can be a critical decision that has a drastic effect on your company’s accounting processes for years to come. For entrepreneurs starting their business, or established small and medium sized business, this is no exception. With so many applications available, it is certainly a decision that needs to be researched and thought out.One question that the bookkeeping team at LedgersOnline hears almost daily is “What is the difference between QuickBooks Online and QuickBooks Desktop?” This is a loaded question, as both applications are great in their own way, and also have their own distinct advantages and disadvantages. It is also important to keep in mind that there are many accounting applications out there; each of which have their own pros and cons.QuickBooks Online

It is clear that the Intuit team has been working on their online version for some time now, and it is only going to get better. QuickBooks Online has some great attributes for small businesses, and is a cost effective application that gives a range of interesting features. Some things that stand out when compared to their desktop counterpart include:

  • Multi-User, Anytime/Anywhere Access Through any Web Browser
  • Mobile Compatible for iPhone, iPad, and Android
  • Automated Customer Billing
  • Automated Email Reports
  • Activity Log (Audit Trail)
  • Location Tracking
  • Multiple AR/AP Lines
  • Monthly packages starting at $12.95 USD & $9.99 CDN

QuickBooks Desktop

As mentioned, both the QuickBooks Online and Desktop applications offer distinct features that are beneficial in their own way. It is important for businesses to evaluate these features to see which application will work best for them. The desktop version, for example, offers increased functionality when it comes to custom reporting and inventory management. For many businesses, the combination of these features can make the desktop version of QuickBooks an automatic choice. The Desktop version also includes:

  • Custom Reporting
  • Sales Orders
  • Inventory Assemblies
  • Progress Invoicing
  • Receiving Partial Purchase Orders
  • Profit & Loss by Class
  • QuickBooks Statement Writer
  • Budget vs Actuals for Jobs
  • Annual fee starting at $349.95 CDN

One thing to take into consideration is QuickBooks hosting for the desktop version. LedgersOnline for example, is able to host the desktop version on our servers, giving businesses multi-user, anytime/anywhere access to their accounting file. Although more expensive than the online version, this can be a good alternative for businesses who need the functionality of the desktop version, as well as the accessibility of the online version.

Key Questions to Take Into Consideration

Choosing between QuickBooks Online and QuickBooks Desktop is a difficult decision that needs to be researched and thought out thoroughly. Be sure to evaluate your current state, and where you could benefit from advancements to meet the future goals and needs of your business. Ask yourself:

1. What software do you use?

Are you an all Mac shop? QuickBooks Online can be used on any system, which draws many businesses in who use Apple computers. Keep in mind that you can also host the desktop version of QuickBooks, which allows for multi-user access from Macs and Windows alike. QuickBooks Desktop for the Mac does have its limitations, but we’ll save that for a future post.

2. Do you require remote access?

QuickBooks Online offers anywhere/anytime access to multiple users, which makes multi-user access to your accounting file simple. Again, you can also host the desktop version, but there are additional costs associated with this.

3. Does your business track inventory?

QuickBooks Desktop offers a number of features specific to industry, such as inventory controls, which are very important for some businesses. For example, if your business takes raw materials or components and builds products to sell to the end user, the desktop version of QuickBooks is a great choice. On the other hand, if you have very basic inventory, the online version of QuickBooks may be suitable.

The QuickBooks team offers a wide range of products that have something to offer for all businesses. It is important to understand the needs and goals of your business, both now and in the future, and compare them to the features and functionality that the online and desktop versions have to offer. It is also important to realize that there are many applications available for small and medium sized businesses, each with their own unique advantages and disadvantages.
Affordable bookkeeping services for any business anywhere

Contact us or learn more about our affordable bookkeeping services and see how we can help you with your books regardless of your location with clients across North America.

Accounting and Bookkeeping Software for Independent Contractors

As an independent contractor, it is important to make sure your books are in order. One of the main reasons for this is to make your tax reporting a lot easier and get you back to work as quickly as possible. As an independent contractor, you are responsible for paying quarterly income taxes–which can be an arduous process if you don’t know what you’re doing. Knowing how much you are paying out and bringing in will assist in getting your taxes paid in a timely and accurate manner and reduce the amount of time spent with your bookkeeper or accountant. Having an accounting system in place will increase productivity and help your business run efficiently. By keeping track of bills, receipts, your net profit and gross profit, and by maintaining a clean balance sheet, you can keep an eye on your money without taking too much time from your day job.

To help get your accounting system up and running, check out a few accounting industry software providers we like to use with our clients:

Quickbooks Online

QuickBooks is now available in the cloud for on-the-go accounting and allows you to import your monthly bank statements directly into the program for ease of use. There are a variety of functions you can use based on your niche for well-documented recording and its easy-to-use interface can help you get up and going whether you manage your books entirely on your own or use an outsourced bookkeeping service. Plus, if you take payments through different online shopping sites, it includes the ability to keep track of your expenses and income from PayPal, Amazon, Etsy and eBay.

Tallie

Keeping all your receipts together can be a hassle. This program lets you take a picture with your smartphone, catalog it directly with the phone app, and organize based on project, client or another categorization method as you determine. If your business is especially expense-heavy, including lots of on-the-go receipts, you likely run the risk of losing receipts or failing to keep adequate track of your expenses. And the last thing you want to do is find yourself sifting through a box of unorganized receipts every quarter. Tallie can help you manage your receipts as you create them–and syncs directly with QuickBooks Online for seamless data management.

ScanWriter

ScanWriter assists with automated data entry directly into QuickBooks, including 100s of transactions from bank and credit card statements, bills, sales orders and invoices. A lot of independent contractors find themselves spending countless hours hand-keying data–which takes up way more time than it is worth. Instead of catching up on data entry on your day off, using an automated system will help you get data entered quickly and correctly (less user error!).

Bill.com

Start encouraging your accounts payable to take electronic payments–and then move your accounts payables and accounts receivables into the 21st century with Bill.com. You’d be surprised how many of your payments can be switched to ACH payments–we help our clients switch to electronic payments for as many vendors as possible to help streamline the bill review, payment and approval process. Whether you’re the only person reviewing bills or you’re working with a partner or small team, Bill.com can help automate the entire review process for you.

Staying on top of your accounting will save you a lot of time, effort and money in the long run. Finding and utilizing the programs that meet your needs will help make you a successful indepedent contractor. And if you need any help, an online bookkeeping service can help you get up and running, from managing your entire accounting department to assisting with accounting software integrations or specific bookkeeping services.

Wondering what accounting services are available for independent contractors? See whether accounting services are for you.

QuickBooks Online versus Desktop: Comparing the Benefits and Limitations

Choosing the right accounting software can be a critical decision that has a drastic effect on your company’s accounting processes for years to come. For entrepreneurs starting their business, or established small and medium sized business, this is no exception. With so many applications available, it is certainly a decision that needs to be researched and thought out.One question that the bookkeeping team at LedgersOnline hears almost daily is “What is the difference between QuickBooks Online and QuickBooks Desktop?” This is a loaded question, as both applications are great in their own way, and also have their own distinct advantages and disadvantages. It is also important to keep in mind that there are many accounting applications out there; each of which have their own pros and cons.

QuickBooks Online

It is clear that the Intuit team has been working on their online version for some time now, and it is only going to get better. QuickBooks Online has some great attributes for small businesses, and is a cost effective application that gives a range of interesting features. Some things that stand out when compared to their desktop counterpart include:

  • Multi-User, Anytime/Anywhere Access Through any Web Browser
  • Mobile Compatible for iPhone, iPad, and Android
  • Automated Customer Billing
  • Automated Email Reports
  • Activity Log (Audit Trail)
  • Location Tracking
  • Multiple AR/AP Lines
  • Monthly packages starting at $12.95 USD & $9.99 CDN

QuickBooks Desktop

As mentioned, both the QuickBooks Online and Desktop applications offer distinct features that are beneficial in their own way. It is important for businesses to evaluate these features to see which application will work best for them. The desktop version, for example, offers increased functionality when it comes to custom reporting and inventory management. For many businesses, the combination of these features can make the desktop version of QuickBooks an automatic choice. The Desktop version also includes:

  • Custom Reporting
  • Sales Orders
  • Inventory Assemblies
  • Progress Invoicing
  • Receiving Partial Purchase Orders
  • Profit & Loss by Class
  • QuickBooks Statement Writer
  • Budget vs Actuals for Jobs
  • Annual fee starting at $349.95 CDN

One thing to take into consideration is QuickBooks hosting for the desktop version. LedgersOnline for example, is able to host the desktop version on our servers, giving businesses multi-user, anytime/anywhere access to their accounting file. Although more expensive than the online version, this can be a good alternative for businesses who need the functionality of the desktop version, as well as the accessibility of the online version.

Key Questions to Take Into Consideration

Choosing between QuickBooks Online and QuickBooks Desktop is a difficult decision that needs to be researched and thought out thoroughly. Be sure to evaluate your current state, and where you could benefit from advancements to meet the future goals and needs of your business. Ask yourself:

1. What software do you use?

Are you an all Mac shop? QuickBooks Online can be used on any system, which draws many businesses in who use Apple computers. Keep in mind that you can also host the desktop version of QuickBooks, which allows for multi-user access from Macs and Windows alike. QuickBooks Desktop for the Mac does have its limitations, but we’ll save that for a future post.

2. Do you require remote access?

QuickBooks Online offers anywhere/anytime access to multiple users, which makes multi-user access to your accounting file simple. Again, you can also host the desktop version, but there are additional costs associated with this.

3. Does your business track inventory?

QuickBooks Desktop offers a number of features specific to industry, such as inventory controls, which are very important for some businesses. For example, if your business takes raw materials or components and builds products to sell to the end user, the desktop version of QuickBooks is a great choice. On the other hand, if you have very basic inventory, the online version of QuickBooks may be suitable.

The QuickBooks team offers a wide range of products that have something to offer for all businesses. It is important to understand the needs and goals of your business, both now and in the future, and compare them to the features and functionality that the online and desktop versions have to offer. It is also important to realize that there are many applications available for small and medium sized businesses, each with their own unique advantages and disadvantages.
Affordable bookkeeping services for any business anywhere

Contact us or learn more about our affordable bookkeeping services and see how we can help you with your books regardless of your location with clients across North America.

Accounting and Bookkeeping Software for Independent Contractors

As an independent contractor, it is important to make sure your books are in order. One of the main reasons for this is to make your tax reporting a lot easier and get you back to work as quickly as possible. As an independent contractor, you are responsible for paying quarterly income taxes–which can be an arduous process if you don’t know what you’re doing. Knowing how much you are paying out and bringing in will assist in getting your taxes paid in a timely and accurate manner and reduce the amount of time spent with your bookkeeper or accountant. Having an accounting system in place will increase productivity and help your business run efficiently. By keeping track of bills, receipts, your net profit and gross profit, and by maintaining a clean balance sheet, you can keep an eye on your money without taking too much time from your day job.

To help get your accounting system up and running, check out a few accounting industry software providers we like to use with our clients:

Quickbooks Online

QuickBooks is now available in the cloud for on-the-go accounting and allows you to import your monthly bank statements directly into the program for ease of use. There are a variety of functions you can use based on your niche for well-documented recording and its easy-to-use interface can help you get up and going whether you manage your books entirely on your own or use an outsourced bookkeeping service. Plus, if you take payments through different online shopping sites, it includes the ability to keep track of your expenses and income from PayPal, Amazon, Etsy and eBay.

Tallie

Keeping all your receipts together can be a hassle. This program lets you take a picture with your smartphone, catalog it directly with the phone app, and organize based on project, client or another categorization method as you determine. If your business is especially expense-heavy, including lots of on-the-go receipts, you likely run the risk of losing receipts or failing to keep adequate track of your expenses. And the last thing you want to do is find yourself sifting through a box of unorganized receipts every quarter. Tallie can help you manage your receipts as you create them–and syncs directly with QuickBooks Online for seamless data management.

ScanWriter

ScanWriter assists with automated data entry directly into QuickBooks, including 100s of transactions from bank and credit card statements, bills, sales orders and invoices. A lot of independent contractors find themselves spending countless hours hand-keying data–which takes up way more time than it is worth. Instead of catching up on data entry on your day off, using an automated system will help you get data entered quickly and correctly (less user error!).

Bill.com

Start encouraging your accounts payable to take electronic payments–and then move your accounts payables and accounts receivables into the 21st century with Bill.com. You’d be surprised how many of your payments can be switched to ACH payments–we help our clients switch to electronic payments for as many vendors as possible to help streamline the bill review, payment and approval process. Whether you’re the only person reviewing bills or you’re working with a partner or small team, Bill.com can help automate the entire review process for you.

Staying on top of your accounting will save you a lot of time, effort and money in the long run. Finding and utilizing the programs that meet your needs will help make you a successful indepedent contractor. And if you need any help, an online bookkeeping service can help you get up and running, from managing your entire accounting department to assisting with accounting software integrations or specific bookkeeping services.

Wondering what accounting services are available for independent contractors? See whether accounting services are for you.

 

QuickBooks Online versus Desktop: Comparing the Benefits and Limitations

Choosing the right accounting software can be a critical decision that has a drastic effect on your company’s accounting processes for years to come. For entrepreneurs starting their business, or established small and medium sized business, this is no exception. With so many applications available, it is certainly a decision that needs to be researched and thought out.One question that the bookkeeping team at LedgersOnline hears almost daily is “What is the difference between QuickBooks Online and QuickBooks Desktop?” This is a loaded question, as both applications are great in their own way, and also have their own distinct advantages and disadvantages. It is also important to keep in mind that there are many accounting applications out there; each of which have their own pros and cons.

QuickBooks Online

It is clear that the Intuit team has been working on their online version for some time now, and it is only going to get better. QuickBooks Online has some great attributes for small businesses, and is a cost effective application that gives a range of interesting features. Some things that stand out when compared to their desktop counterpart include:

  • Multi-User, Anytime/Anywhere Access Through any Web Browser
  • Mobile Compatible for iPhone, iPad, and Android
  • Automated Customer Billing
  • Automated Email Reports
  • Activity Log (Audit Trail)
  • Location Tracking
  • Multiple AR/AP Lines
  • Monthly packages starting at $12.95 USD & $9.99 CDN

QuickBooks Desktop

As mentioned, both the QuickBooks Online and Desktop applications offer distinct features that are beneficial in their own way. It is important for businesses to evaluate these features to see which application will work best for them. The desktop version, for example, offers increased functionality when it comes to custom reporting and inventory management. For many businesses, the combination of these features can make the desktop version of QuickBooks an automatic choice. The Desktop version also includes:

  • Custom Reporting
  • Sales Orders
  • Inventory Assemblies
  • Progress Invoicing
  • Receiving Partial Purchase Orders
  • Profit & Loss by Class
  • QuickBooks Statement Writer
  • Budget vs Actuals for Jobs
  • Annual fee starting at $349.95 CDN

One thing to take into consideration is QuickBooks hosting for the desktop version. LedgersOnline for example, is able to host the desktop version on our servers, giving businesses multi-user, anytime/anywhere access to their accounting file. Although more expensive than the online version, this can be a good alternative for businesses who need the functionality of the desktop version, as well as the accessibility of the online version.

Key Questions to Take Into Consideration

Choosing between QuickBooks Online and QuickBooks Desktop is a difficult decision that needs to be researched and thought out thoroughly. Be sure to evaluate your current state, and where you could benefit from advancements to meet the future goals and needs of your business. Ask yourself:

1. What software do you use?

Are you an all Mac shop? QuickBooks Online can be used on any system, which draws many businesses in who use Apple computers. Keep in mind that you can also host the desktop version of QuickBooks, which allows for multi-user access from Macs and Windows alike. QuickBooks Desktop for the Mac does have its limitations, but we’ll save that for a future post.

2. Do you require remote access?

QuickBooks Online offers anywhere/anytime access to multiple users, which makes multi-user access to your accounting file simple. Again, you can also host the desktop version, but there are additional costs associated with this.

3. Does your business track inventory?

QuickBooks Desktop offers a number of features specific to industry, such as inventory controls, which are very important for some businesses. For example, if your business takes raw materials or components and builds products to sell to the end user, the desktop version of QuickBooks is a great choice. On the other hand, if you have very basic inventory, the online version of QuickBooks may be suitable.

The QuickBooks team offers a wide range of products that have something to offer for all businesses. It is important to understand the needs and goals of your business, both now and in the future, and compare them to the features and functionality that the online and desktop versions have to offer. It is also important to realize that there are many applications available for small and medium sized businesses, each with their own unique advantages and disadvantages.
Affordable bookkeeping services for any business anywhere

Contact us or learn more about our affordable bookkeeping services and see how we can help you with your books regardless of your location with clients across North America.

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