Which Accounting Program Should I Use for My Small Business?

185 views

First, some questions to think about before we begin:What industry are you in? (For example, manufacturers have different inventory tracking needs than retailers.)How many people will need to use the program at once?Will the program’s files be on a network?How large is the business? (More transactions means larger data files, and larger data files tend to require higher-end programs.)How much accounting experience do you have (since you will likely be the bookkeeper)? How much outside bookkeeping help do you think you’ll need?

Spotlight

TechCrunch

TechCrunch, founded on June 11, 2005, is a news website dedicated to the tech scene. We provide breaking technology news, opinions, and analysis on tech companies from around the world. From publicly traded tech companies to emerging startups and venture capital funding rounds, TechCrunch is your number one guide for all things technology. TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

OTHER ARTICLES
SMALL BUSINESS ADVICE

5 Tax-Related Resolutions for Smarter Small Business Accounting in 2020

Article | August 24, 2022

Accountants working with small businesses often play the role of business advisors, especially when it comes to educating their clients about tax regulations and reducing their tax bill by taking all legitimate factors into account. We’ve gathered four tips that accounting professionals can use as a check-list to give to their small and mid-size business owner clients looking to make better financial decisions this year.

Read More
SMALL BUSINESS ADVICE

7 BIGGEST ENTREPRENEURIAL MISTAKES

Article | September 23, 2022

This is the first post in a seven-part-series detailing the biggest entrepreneurial mistakes business owners make. The series will run over the next few weeks so check back to learn more. These are the 7 Biggest Mistakes I have seen entrepreneurs and companies make that can devalue their Intellectual Property (“IP”) portfolio, damage their brand, or sink a deal. If you are considering turning your idea into a business, read this carefully first. There are other mistakes you can make, but these are the deal-breakers. Any one of these can cost you big bucks, credibility in the eyes of investors and potential partners, and ultimately lead to evaporation of the value of your idea.

Read More
TECHNOLOGY

How to Report Revenue on a Small-Business Credit Card Application

Article | September 30, 2022

When filling out the “revenue” portion of a small-business credit card application, you want to make your small business or side hustle look its very best without stretching the truth. But revenue can swing dramatically from year to year, and credit card applications often don’t spell out what you should or shouldn’t include when reporting it. So what counts as an honest, just-the-facts answer? Generally, in credit card applications, issuers want to know your verifiable gross revenue from the previous year.

Read More

Simple Security for Every Small Business

Article | February 10, 2020

If you’re a business owner you really have your hands full, every day, with the minutiae of running your business, balancing your books, orders, employees, scheduling, inventory, servicing customers, payroll, taxes well, you get the idea as you’re living it every day. You might read that and think that I’m crazy, and that you do take security into account, and your office and systems are secure. Frequently, it’s not in the day to day operation of your business which is why we have statistics like this: In the first 6 months of 2019 alone, over 3,800 data breaches were reported, with over 4 billion records being exposed as a result. If you broke it down evenly, that would be over 20 million records stolen every single day this year.

Read More

Spotlight

TechCrunch

TechCrunch, founded on June 11, 2005, is a news website dedicated to the tech scene. We provide breaking technology news, opinions, and analysis on tech companies from around the world. From publicly traded tech companies to emerging startups and venture capital funding rounds, TechCrunch is your number one guide for all things technology. TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

Related News

TECHNOLOGY

NumberSquad Launches Docuport App for Accounting Firms

NumberSquare | February 09, 2022

NumberSquad Inc. launched the Docuport App to streamline document management, workflow processes, and provide a centralized location for everything. NumberSquad is an online accounting firm that works with small businesses. NumberSquad streamlines small business accounting and taxes by integrating Docuport with other financial tools and tax software. Clients can benefit from the automated management of their business finances and taxes. This software enables clients to effortlessly access and manage their financial data. Clients may monitor important financial indicators with the help of this simple financial dashboard. Docuport is a one-stop-shop for small company bookkeeping, payroll, and taxes, all accessible via a single app. The online accounting company utilizes online resources to assist small businesses in Fairfax, VA, Washington, DC, and around the United States. NumberSquad is committed to making a positive impact on the accounting business. "We are working diligently and focused on making a noticeable change in the accounting industry by creating a financial platform that makes small business accounting convenient and at the same time, attracts talent in our industry." Founder, Giundiuz Osmanov The Docuport app is available for download through the NumberSquare website, as well as via the Android and Apple app stores.

Read More

TECHNOLOGY

ReNew Group Joins Botkeeper Marketplace System

Botkeeper | December 28, 2021

Botkeeper is the industry's first and only AI-human hybrid bookkeeping, and accounting system designed specifically for CPAs. ReNew Group has joined Botkeeper's marketplace system. ReNew Group was created in 2003 with the mission of counseling small to mid-sized accounting firms on how to maximize their value, utilize their resources, and attract, land, and increase their client base. Botkeeper and ReNew Group aim to make it easier for accounting professionals to satisfy the ongoingbookkeeping and accounting needs of their clients and to offer more advisory, consulting, and tax services. While simultaneously increasing capacity to grow by gaining new clients and automating back-office accounting tasks and, at the same time, renewing your firm's mindset and bookkeeping processes. According to Shannon Vincent, Co-Founder of ReNew Group shares, Botkeeper’s solutions enable ReNew Group to leverage technology and focus more on high-value work. "ReNew Group works with firms to shift the accountant's mindset from the old ways of thinking and doing business to a focus of profitable growth, which is crucial. We already see that firms are thriving with ReNew Group's coaching model and are excited to work with them to help firms automate bookkeeping to improve business performance." Deneen Dias, VP of Strategic Partnerships at Botkeeper About ReNew Group The ReNew Group is headquartered in the greater San Francisco Bay Area. ReNew Group provides a system and approach for establishing a contemporary, profitable business centered on targeted clientele. ReNew is centered on the five C's: Expansion of current client connections and acquisition of new clients, Calendar of Best Practices, Applications and Content, Coaching, Collaboration with like-minded businesses. About Botkeeper Botkeeper is based in Boston, Massachusetts, with other locations in North Carolina, New York, and Balanga. Botkeeper assists accounting firms and organizations with automated bookkeeping by leveraging a potent combination of expert accountants, machine learning, and artificial intelligence. Botkeeper's Accounting Partners can expand their book of business and deliver high-quality services to their clients, therefore improving their capacity to take on more clients while maintaining impeccable financials and lowering expenses. Botkeeper multiplies the impact of company owners and accountancy organizations.

Read More

BUSINESS STRATEGY

Grant Thornton LLP and Xero team up to Boost women-owned businesses

Grant Thornton LLP | October 13, 2021

Leading Canadian accounting and business advisory firm, Grant Thornton LLP, is pleased to announce the launch of Business Boost, in partnership with the global small business platform Xero. The Business Boost program will empower up to five women-owned small- and medium-sized businesses (SMBs) to realize their potential with Grant Thornton's experience and Xero's cloud accounting technology. Women are important to the success of the Canadian economy and are critical for the country's SMBs; however, they have been disproportionately affected by employment loss and financial uncertainty during the COVID-19 pandemic. According to Statistics Canada, as of January 2021 more than 200,000 women fell into long-term unemployment.i Though the road to recovery may be long and winding for many women-owned SMBs, implementing digital technologies can help such businesses get in the fast lane to success. The Business Boost program will provide up to five women-owned SMBs with a complimentary custom cloud ecosystem designed to help solve their business' pain points and make them more efficient. They will also receive two years of access to Xero's cloud accounting platform. Program benefits and services: a complimentary two-year subscription to Xero accounting software, including a subscription to Hubdoc, a document collection and management application up to 15 hours of customized cloud accounting services, including set up and support, from a Grant Thornton LLP advisor training on how to get the most out of the cloud accounting ecosystem key performance indicators designed to drive and measure success "Grant Thornton is committed to helping businesses and communities thrive. That includes supporting women-owned small businesses who continue to face unique challenges amid these uncertain times." Kevin Ladner, Executive Partner and CEO, Grant Thornton LLP "We are excited to join forces with Xero to expand our support of women entrepreneurs through the Business Boost program," adds Martha Banner, Senior Manager of Cloud Accounting Services, Grant Thornton LLP. "We know these last 18 months have been hard for all Canadian SMBs, but that women in particular have been disproportionately impacted. We hope to help complement and build upon the great work these women are already doing so they get time back to focus on doing what they love." Faye Pang, Xero's Canada Country Manager About Grant Thornton LLP in Canada Grant Thornton LLP is a leading Canadian accounting and advisory firm providing accounting, audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member and correspondent firms operate in over 130 countries worldwide. About Xero Xero is a cloud-based accounting software platform for small businesses with over 2.7 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. In 2020 and 2021, Xero was included in the Bloomberg Gender-Equality Index and in 2020, Xero was recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.

Read More

TECHNOLOGY

NumberSquad Launches Docuport App for Accounting Firms

NumberSquare | February 09, 2022

NumberSquad Inc. launched the Docuport App to streamline document management, workflow processes, and provide a centralized location for everything. NumberSquad is an online accounting firm that works with small businesses. NumberSquad streamlines small business accounting and taxes by integrating Docuport with other financial tools and tax software. Clients can benefit from the automated management of their business finances and taxes. This software enables clients to effortlessly access and manage their financial data. Clients may monitor important financial indicators with the help of this simple financial dashboard. Docuport is a one-stop-shop for small company bookkeeping, payroll, and taxes, all accessible via a single app. The online accounting company utilizes online resources to assist small businesses in Fairfax, VA, Washington, DC, and around the United States. NumberSquad is committed to making a positive impact on the accounting business. "We are working diligently and focused on making a noticeable change in the accounting industry by creating a financial platform that makes small business accounting convenient and at the same time, attracts talent in our industry." Founder, Giundiuz Osmanov The Docuport app is available for download through the NumberSquare website, as well as via the Android and Apple app stores.

Read More

TECHNOLOGY

ReNew Group Joins Botkeeper Marketplace System

Botkeeper | December 28, 2021

Botkeeper is the industry's first and only AI-human hybrid bookkeeping, and accounting system designed specifically for CPAs. ReNew Group has joined Botkeeper's marketplace system. ReNew Group was created in 2003 with the mission of counseling small to mid-sized accounting firms on how to maximize their value, utilize their resources, and attract, land, and increase their client base. Botkeeper and ReNew Group aim to make it easier for accounting professionals to satisfy the ongoingbookkeeping and accounting needs of their clients and to offer more advisory, consulting, and tax services. While simultaneously increasing capacity to grow by gaining new clients and automating back-office accounting tasks and, at the same time, renewing your firm's mindset and bookkeeping processes. According to Shannon Vincent, Co-Founder of ReNew Group shares, Botkeeper’s solutions enable ReNew Group to leverage technology and focus more on high-value work. "ReNew Group works with firms to shift the accountant's mindset from the old ways of thinking and doing business to a focus of profitable growth, which is crucial. We already see that firms are thriving with ReNew Group's coaching model and are excited to work with them to help firms automate bookkeeping to improve business performance." Deneen Dias, VP of Strategic Partnerships at Botkeeper About ReNew Group The ReNew Group is headquartered in the greater San Francisco Bay Area. ReNew Group provides a system and approach for establishing a contemporary, profitable business centered on targeted clientele. ReNew is centered on the five C's: Expansion of current client connections and acquisition of new clients, Calendar of Best Practices, Applications and Content, Coaching, Collaboration with like-minded businesses. About Botkeeper Botkeeper is based in Boston, Massachusetts, with other locations in North Carolina, New York, and Balanga. Botkeeper assists accounting firms and organizations with automated bookkeeping by leveraging a potent combination of expert accountants, machine learning, and artificial intelligence. Botkeeper's Accounting Partners can expand their book of business and deliver high-quality services to their clients, therefore improving their capacity to take on more clients while maintaining impeccable financials and lowering expenses. Botkeeper multiplies the impact of company owners and accountancy organizations.

Read More

BUSINESS STRATEGY

Grant Thornton LLP and Xero team up to Boost women-owned businesses

Grant Thornton LLP | October 13, 2021

Leading Canadian accounting and business advisory firm, Grant Thornton LLP, is pleased to announce the launch of Business Boost, in partnership with the global small business platform Xero. The Business Boost program will empower up to five women-owned small- and medium-sized businesses (SMBs) to realize their potential with Grant Thornton's experience and Xero's cloud accounting technology. Women are important to the success of the Canadian economy and are critical for the country's SMBs; however, they have been disproportionately affected by employment loss and financial uncertainty during the COVID-19 pandemic. According to Statistics Canada, as of January 2021 more than 200,000 women fell into long-term unemployment.i Though the road to recovery may be long and winding for many women-owned SMBs, implementing digital technologies can help such businesses get in the fast lane to success. The Business Boost program will provide up to five women-owned SMBs with a complimentary custom cloud ecosystem designed to help solve their business' pain points and make them more efficient. They will also receive two years of access to Xero's cloud accounting platform. Program benefits and services: a complimentary two-year subscription to Xero accounting software, including a subscription to Hubdoc, a document collection and management application up to 15 hours of customized cloud accounting services, including set up and support, from a Grant Thornton LLP advisor training on how to get the most out of the cloud accounting ecosystem key performance indicators designed to drive and measure success "Grant Thornton is committed to helping businesses and communities thrive. That includes supporting women-owned small businesses who continue to face unique challenges amid these uncertain times." Kevin Ladner, Executive Partner and CEO, Grant Thornton LLP "We are excited to join forces with Xero to expand our support of women entrepreneurs through the Business Boost program," adds Martha Banner, Senior Manager of Cloud Accounting Services, Grant Thornton LLP. "We know these last 18 months have been hard for all Canadian SMBs, but that women in particular have been disproportionately impacted. We hope to help complement and build upon the great work these women are already doing so they get time back to focus on doing what they love." Faye Pang, Xero's Canada Country Manager About Grant Thornton LLP in Canada Grant Thornton LLP is a leading Canadian accounting and advisory firm providing accounting, audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member and correspondent firms operate in over 130 countries worldwide. About Xero Xero is a cloud-based accounting software platform for small businesses with over 2.7 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. In 2020 and 2021, Xero was included in the Bloomberg Gender-Equality Index and in 2020, Xero was recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.

Read More

Events