Author: Complete Controller

In the past 50 years, technological advancements have boomed to the extent that they have become an essential part of businesses’ operations. Just two decades back, spreadsheets were the go-to option for most firms and accountants. It offered ease, automation to some extent, and visualization. It was a miracle to have on your side back in the day. Accountants who knew how to work on spreadsheets were considered a notch above those who didn’t. It wouldn’t be wrong to say that excelling in spreadsheets became a skill set many accountants acquired to advance in their careers. Unfortunately, like all good things, the time for spreadsheets also came to an end.

With more and more advancements in software solutions, companies started relying more on CRMs and customer relationship management software. CRMs offer what spreadsheets do not: the ability to connect to multiple software, be customized, and perform functions automatically. Be it accounting, lead generation, customer management, or inventory management, CRMs have become a one-point solution for most businesses. Yet, surprisingly, many companies are still stuck wondering if they should switch to CRMs or not. While the obvious answer is yes, here are a few reasons if you can still not decide.

Reason # 1: CRMs are an Ecosystem

A CRM ecosystem consists of software that integrates to give you an all-in-one solution. This one-stop solution is precisely what CRMs offer. Whether you are running marketing campaigns and want your leads to appear in software from which you can email, call, or text them, or you want to keep your inventory 24/7 updated on your website or for your sales agents, a CRM can be your go-to platform.

Reason # 2: Automated Functionalities

Since CRM is software, it can handle most minor mathematics easily. From an accounting perspective, you don’t have to calculate your balance sheet as often. When a customer purchases a product on your website, it is automatically deducted from inventory and posted in your accounts as sold. The rest of the calculations also compute automatically.

Reason # 3: Visualization is Up to Date

For most business owners, staying up to date with the progress or failure of their business activities is crucial. While in spreadsheets, this might require a lot of time since your team members would have to update every transaction manually. Since everything updates in seconds, you can access the CRM at any given point to see the performance of your business. With graphical displays, you can have instant visualizations instead of going through numbers.

Reason # 4: Security & Reliability

Most importantly, CRMs offer high data security, which isn’t there with spreadsheets. With CRMs, your data is always secure on a server or the cloud. You don’t have to worry about your information being stolen by an employee or outsider since they will have to log in, work on the data, and leave it there.

Reason # 5: Total Control of Your Business

Last but not least, CRMs allow you to constantly monitor every aspect of your business, including the number of leads you generate, inventory on hand, balance sheet, and the like. With a CRM, you can see which team is performing and which isn’t.

Why Wait? Switch to a CRM Now…

Anyone working with a CRM would testify that it has made their lives easier. Business management becomes a breeze, and managing accounts becomes more accessible than ever. Whether you are a small business owner or run a medium-sized business, a CRM will automate your processes so that you can spend more time analyzing your business and planning your next move than counting the pennies.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

QuickBooks Card Reader, a new innovative payment gadget built for today’s small company owners, is now accessible. The card reader is the latest fintech solution to assist small businesses to get paid faster, no matter how or where they operate, thanks to its integration with QuickBooks Payments, which processes more than $65 billion in yearly volume.

According to QuickBooks research released in April 2021, nearly half (47%) of small businesses have started processing payments using a new technique since COVID-19. Roughly half of the small businesses that accept contactless payments have only done so since COVID-19 was implemented (46%). Similarly, approximately a third of individuals who use mobile payment apps to conduct payments (30%) began during COVID-19.

Small company owners are well-positioned to respond to these trends with QuickBooks Card Reader, which allows them to speed up in-person sales, accept payments on the go, and instantly reconcile transactions in QuickBooks. Thanks to the reader’s capacity to accept card payments swiftly through insert, swipe, or e-wallets, customers can always check out quickly, and transactions are completed.

QuickBooks Card Reader distinguishes in the payment environment because of its creative design, feature set, and cost. It performed in-depth customer research to discover essential characteristics that small businesses want in a more frictionless payment experience. Other card readers lack built-in features such as a visual display and tips to clearly explain the reader’s status and payments in progress. QuickBooks Card Reader combines these powerful features in a lightweight, portable, contactless, and chip card reader – an industry first – to provide small business owners and their customers with a streamlined, transparent, end-to-end payment experience. Some of the unique features are as follows:

• An LED display guides customers through the payment process. It begins with a warm greeting before plainly displaying the purchase amount, allowing consumers to add a tip, and confirming the payment.
• Smart tipping functionality eliminates the requirement for device sharing, which is familiar to other card readers and POS solutions. Small company owners can also personalize the three tip options for customers that will appear on the card reader. The options can be expressed as a percentage of the total amount or as a fixed dollar amount.
• Thanks to clear connectivity and battery level indications, small business owners can be confident that they’re connected and ready to receive payments.
• Small business owners might feel confident that they comply because they are following mandates in some places that require them to show consumers the total charge amount.
• QuickBooks also released the QuickBooks Power Stand in the Summer of 2021, providing small businesses with a stylish and portable countertop payments hub that can support their business anywhere. The Power Stand battery charges QuickBooks Card Reader wirelessly and has an inbuilt USB connector that allows you to charge USB-compatible devices like your phone or tablet.

• When used in conjunction with the QuickBooks Mobile app, QuickBooks Card Reader provides small businesses with a mobile point-of-sale solution that can happen whenever and wherever they need to do business. Small companies benefit from the QuickBooks platform’s connectivity and range of time-saving tools across all QuickBooks Payments products, including features like immediate deposit for qualified transactions and QuickBooks’ built-in accounting.
• Intuit and its development partners built the QuickBooks Card Reader and Power Stand, including proprietary aspects for which design patents are pending. QuickBooks Card Reader is built on proven payment technology from BBPOS, and Box Clever was a crucial partner in creating the hardware.
• QuickBooks Card Reader is now available for $49 on the QuickBooks website for QuickBooks Payments clients. QuickBooks Power Stand will be available for $39 later this summer, and a bundle of both devices will be available for $79.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

In the bustling world of entrepreneurship, where dreams are as numerous as the stars in the sky, finding the right financing option for your small business startup is akin to discovering a hidden treasure that can set you on the path to success. This journey, filled with excitement and challenges, requires a keen eye and a sharp mind to navigate the seas of financial options available. But fear not, for within this tale lies the map to your treasure, along with some intriguing statistics that shed light on the importance of making the right financial choices.

Once upon a time, in the land of opportunity, 69% of entrepreneurs started their businesses at home, fueled by passion and a vision for the future. However, even the most innovative ideas need the backing of solid financial support to blossom.  This is where the quest for the perfect financing option begins. With 29% of startups failing due to running out of cash, the stakes couldn’t be higher. Finding the right financing is not just a matter of preference; it’s a necessity for survival and growth.

One popular route on this quest is the enchanted forest of bank loans. Venturing into this territory can be daunting, as the fierce dragons of credit scores and collateral guard it. Yet, for those who prove their worth, bank loans offer the strength and stability needed to build an empire. They come with lower interest rates and longer repayment terms, making them a wise choice for many. However, beware, for this path is not for everyone. Only 43% of small business loan applications are approved, leaving many to seek alternative routes.

Venturing further, one might stumble upon the mystical realm of venture capital. This land is inhabited by visionaries and risk-takers willing to invest large sums into startups with explosive growth potential. They ask for a share of your kingdom in exchange for their gold. While venture capital can catapult a business to new heights, it comes at the cost of partial ownership.  It’s a path filled with glory for some, but not without its trials.

For those who seek a more democratic route, the bustling marketplace of crowdfunding awaits. Here, your idea is your currency, and the public is your investors. Platforms like Kickstarter and Indiegogo are the stages on which you pitch your dream, hoping to attract the support of the masses. This path offers financial backing and a loyal following, making it a double-edged sword that can launch your business into the spotlight. Yet, success in this arena requires a captivating story and a product that resonates with the crowd.

Amidst these options, there’s a secret passage known only to a few—the world of grants. Hidden within the government and private sectors are pots of gold, awarded to businesses that meet specific criteria, such as innovation in technology or positive social impact. Grants are the holy grail of financing, as they don’t require repayment. However, finding them requires patience and perseverance, as they’re often buried under layers of bureaucracy and competition.

As we navigate these waters, it’s crucial to remember the importance of a tailored approach. Every business is unique, with its own set of challenges and opportunities. What works for one may not work for another, making it essential to weigh the pros and cons of each option carefully.

Let’s not forget the importance of preparation.  A staggering 82% of businesses fail due to poor cash flow management. This statistic highlights the necessity of finding the right financing and managing it wisely. A detailed business plan, a clear understanding of your financial needs, and a strategy for growth are the tools you need to conquer the financial realm.

In conclusion, the quest for the right financing option is a pivotal chapter in your entrepreneurial journey. It’s a tale of courage, wisdom, and perseverance, filled with challenges that test your resolve. But with the right approach and a bit of magic, you can unlock the treasure chest of financial resources that will help turn your small business startup into a legendary empire. Remember, the business world is not just about surviving; it’s about thriving. And with the right financing by your side, the sky’s the limit. So, strap on your armor, grab your map, and embark on this adventure with a heart full of dreams and eyes wide open. The treasure awaits, and with it, the promise of a future written in the stars.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

How do you pay for your day-to-day expenses? Many consumers prefer cashless purchases because they are more convenient. Now, You don’t have to wonder about having enough cash or locating a pen to write a check when using a debit or credit card. These two types of plastic, however, are not created equal.

While you may be aware of credit card perks such as points and cashback incentives, you may not know that debit cards may provide many of the same advantages. Continue reading to learn how to make the most of cards and the advantages of debit cards.

As we all know, debit cards have become increasingly popular in recent years. They eliminate the need to always carry actual currency with them, make transacting and paying simply in a couple of seconds, and are also widely accepted.

You may pay with your debit card or plastic money connected to your bank account everywhere, from your local grocer to large restaurants and retail establishments.

Guaranteed Protection

Debit cards are safeguarded by a four-digit PIN (Personal Identification Number) that you create. This PIN is required whenever you use your debit card to make a purchase, providing a high level of security against theft.

You are also notified if a transaction is completed, which double-verifies the transaction. You may also freeze these cards quickly and simply. So, if you lose it, you may avoid harm by rapidly freezing it.

No Service Charges

Unlike credit cards, which can include annual fees, late payment penalties, significant international transaction fees of up to 3%, and other pricey extras, debit cards usually have few or no costs. As a result, you can avoid paying a charge entirely if you use your debit card wisely.

Some banks, for example, charge a few dollars (in addition to the ATM cost) when you withdraw cash from an unaffiliated ATM. However, “ATM fees” can easily be avoided if you plan ahead of time. For example, when you know you’ll need cash, you may go to an in-network ATM or use a store’s easy “cash back” option when you pay with your debit card.

Because a debit card functions as an electronic check, withdrawing funds from your checking account as you use it, you may suffer an overdraft charge if you use it when your account balance is low or negative. However, this is another cost that you can easily avoid.

Many banks provide overdraft protection services ranging from lines of credit to card rejection for insufficient money to prevent you from mistakenly overdrawing your account. In addition, you may check your balance from anywhere using online and mobile banking to ensure you have sufficient balance before using your debit card.

It Helps to Stick to a Budget

One of the most delicate features of a debit card is that you cannot spend more money than you have, preventing you from going into debt. In addition, this helps you budget since the money is removed from your account each time you transact.

Easy to Use

Debit cards are easy to use. Because the payment is debited straight from your bank account, where the money already exists, you may complete it immediately.

It is significantly faster than waiting for a credit transaction to clear or worrying about having enough cash in the account to meet your costs. Debit cards make transactions quick, simple, and convenient.

Tons of Rewards

Have you heard of credit cards with rewards? Some debit cards are now participating in the rewards game. You may earn points for every dollar you spend and redeem them for travel, shopping, or gift cards.

Typically, the benefits are for transactions made using your signature rather than your PIN. The method is the same with credit cards, but you get no annual fee, no interest charges, and all the other debit card benefits we’ve already stated.

On the other hand, Merchants prefer debit card transactions, particularly the PIN input version, because they pay banks less per swipe than credit card transactions. As a result, some retailers prefer debit card payments, especially those with a PIN.

Conclusion

Debit cards offer the same benefits as credit cards but with fewer drawbacks. For example, avoid yearly fees, late fees, and international transaction costs. Furthermore, if you are concerned about over-drafting your account, you may quickly set up overdraft protection to avoid any mistakes.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Financial management is an essential component of founding and sustaining a business, no matter how large or small. Contrary to popular belief, financial management is considerably more than bookkeeping and balancing the corporate checking account.

Entrepreneurs must think about their money for various reasons, from preparing for survival in difficult times to progressing to the next level of success in good times.

Excellent and effective financial management is the difference between a business’s climbing the ladder of success and falling at the first hurdle. We’ve compiled a list of tried-and-true financial advice that any company may use to keep expanding and improving.

Track Your Company Budget

Creating an annual budget for your business is crucial in efficiently managing your money throughout the year. A budget serves as a compass, allowing you to plan for essential company decisions ahead of time. It also aids in the development of expansion strategies.

You should also review your income and expenses to change your spending patterns and make your money work harder and smarter for you.

Reduce Paper by Automating Your Process Digitally

Nobody likes sorting through stacks of documents and balance sheets, and with the spread of cloud-based business tools, going paperless is simple. You can organize everything on digital platforms and back up all your vital documents and company data.

Using online accounting and invoicing systems can streamline your business processes. They also allow you to keep accurate and efficient records, which will aid you in filing your taxes.

Automate Paying Your Bills

Paying invoices by hand consumes time for more valuable tasks, like client acquisition and product development activities. Late payments can also result in missing deadlines and penalties. To improve your procedure, accept Internet banking and automate your payments. You’ll notice an increase in productivity and fewer fines.

You’ll also be able to upgrade to full-fledged accounts payable automation as your company grows. AP automation provides better accuracy with less processing time, accurate data capture, invoice matching and coding, fast approvals, and less risk for fraud.

Look for Investors Best for Your Business

Investors can be a valuable asset to your company since they enable you to accumulate more funds than you could ever receive through loans. They can assist you in growing your business or sustaining it during difficult times. As a result, choosing the appropriate investors is vital to your company’s success. Before you decide, look into the most recent initiatives of your potential investors and determine how involved they would like to be in the company.

Monitor Your Cash Flows

One of the primary reasons businesses fail is poor cash flow management. You must monitor your cash inflows and outflows at all times. The simplest method to achieve this is to generate a cash flow statement and update it monthly.

While accounting software makes constructing a cash flow statement easier, you can still create one by hand using your balance sheet and income statement data.

Debt Management

Carrying over current-year obligations to the next fiscal year is never a good idea for a firm. Before taking out a loan, ensure you have a well-thought-out debt repayment strategy. It’s also critical to prioritize timely and effective settlement of any outstanding company payments.

Defend Your Company Against Fraud

Every firm must pay particular attention to cyber security when utilizing technology, e-commerce platforms, and electronic payments. To guarantee that your data and clients are safe, you should regularly update your anti-virus software and firewall.

Forecasting Your Finances is Vital for Decision-Making

Make it a habit to monitor market developments and adjust your financial forecast and business plan for the year accordingly. This stage will help you gain a clearer vision of the firm’s future and allow you to alter and build a better strategy for its growth.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Financial fraud can cause you to lose all of your hard-earned savings. Understanding how to preserve your savings and assets is essential to intelligent financial management. Have you ever thought about how many types of financial fraud are there? Writing forged checks is a typical kind of financial fraud. And some varieties entail more intricate methods of financial deception. Other cases involve investment fraud. Whatever sort of fraud you encounter can potentially turn your money upside down. However, with proper planning and knowledge, you can avoid being a victim of financial swindlers.

Keep the following easy tips in mind to lower your chances of financial fraud:

Keep an Eye on All Your Investments

Many people work with stockbrokers or financial counselors. It is critical to verify all of your investment assets independently. Do not depend solely on the financial statements provided by your financial advisor.

Keep Your Personal Information Safe

Your user IDs, passwords, and PINs control the fate of your finances. This information enables you to obtain funds and assets from your banks and investments. Maintain the confidentiality and security of all such information, and update your passwords and PINs regularly. Keep your data safe from unknown individuals. Your financial institutions, such as banks, brokerages, and the police, would never contact you to obtain your passwords and PINs.

Be Cautious While Making Online Payments

The most common type of fraud is identity theft. Someone may contact you claiming to be an institution that works for you or represents a financial business or the government to obtain funds. Fraudsters may attempt to contact you via phone, email, or text message. Please don’t rely on caller ID on your phone since scammers can utilize technology to make their calls appear from respectable businesses or organizations.

Verify their identity, especially if they ask for your personal information or ask you to part with money. Contact the relevant institution to verify someone’s legitimacy.

Be Aware of the Scams Requesting Your Personal Information

No legitimate organization will ever ask for your social security number, PIN, or bank account information in an email. Only share this data on secured websites. A well-known URL, such as www.paypal.com or www.amazon.com, should be used for such a site. It is most likely a hoax if you are unfamiliar with the website.

Use High-End Security Passwords

The days of using 12345 as your password are long gone. Hackers easily crack passwords that are basic number combinations or your pet’s name. Make a password with upper- and lower-case letters, numbers, and symbols at least eight characters long.

Don’t get Attracted to High Investment Returns

The promise of a significant return on investment is frequently too good to be true. In most investment fraud cases, the perpetrators rely on the avarice of investors drawn in by aggressive and quick profits. Investment scams involving pyramid and Ponzi schemes, unregistered investments, promissory notes, commodities, and other similar scams frequently use large profits to entice you to make poor judgments.

Know who you’re working with and only invest with regulated intermediaries like banks, brokerages, and financial advisers.

Establish Internal Controls in Your Organization

These include plans, procedures, paperwork, and responsibilities inside a corporation to deter financial fraud. The goal of these components is to detect discrepancies in records and collections. Continuously analyzing and adapting the activities above is also beneficial to guarantee that a company is on the right track while combating fraud.

Examine All of Your Accounts and Passwords

Ensure vigilance over all of your financial accounts and credit cards. Check your statements regularly and ensure you recognize all the transactions on them. And, despite what may appear to be common sense, keep your passwords confidential and complex. Also, don’t use the same password for many accounts.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

With the onset of COVID-19, the global economy has been struggling to keep up. Businesses are crashing, and the market is shutting down due to the losses incurred within the companies. A global economic crash, of course, also equates to a collapse for everyone else.

Now that things have started resurfacing again, the government has noted how the country needs to get back up on its feet, and that is only possible if they can get the businesses up and running.

For this purpose, the government set aside different funds to pay those who are well-deserving. These funds are like loans but don’t require business owners to make payments back to the government. The government creates these programs for the sole purpose of getting businesses back up.

Such a fund is the CARES Act EIDL.

What is the CARES Act EIDL?

CARES Act stands for The Coronavirus Aid, Relief, and Economic Security Act. The design of this program is to cater to the damages incurred in the wake of the pandemic.

Once the government announced the aid, people were encouraged to send in applications and state why they were deserving of the funds, which business owners can use for anything, from clearing out payrolls to paying for the damages.

EIDL stands for Economic Injury Disaster Loans. This loan is a subdivision of the CARES Act primarily developed to help people recover from all their losses during this pandemic.

The grant provides $1,000 to $10,000 in funding based on individual needs after the government assesses how much a company, business, or organization would require to recover from the loss.

Difference Between PPP Loan and EIDL Loan

The EIDL may sound familiar to those who are already aware of the PPP loan. The PPP loan (Paycheck Protection Program) is a program in the Small Businesses Act (SBA) that provides funding to small businesses during economic crises or when they generally lack funds.

Similarly, the EIDL is a $10,000 loan; small business owners can apply for an EIDL loan to reconstruct their businesses.

The significant difference between the loans is the PPP loan has to be repaid to the government once the business stabilizes. Business owners use PPP funds to get the company back on its feet until they generate enough revenue to repay the government with some interest.

On the other hand, the EIDL doesn’t have to repay. It is solely to help businesses.

Both the loans are a part of the CARES Act.

What You Should Know

A few things need to be kept in mind before you start thinking about getting these loans.

PPP And EIDL simultaneously?

Some people may wonder whether they can receive both funds if they feel the need. The answer is yes; you can be awarded both funds. But there is a prerequisite for this.

If you think you need both loans and that your business would collapse, you could apply for both, but you cannot use both for the same purpose. You must identify two different areas in your business that would need funding.

If not, you are likely to receive only one of the funds.

Taxable or not?

There hasn’t been a lot of conversation regarding this topic. People are still unsure whether or not the revenue generated through the grant is taxable.

The most common idea is that the revenue is likely to be tax-free. However, more needs to be done to clarify this topic so people are aware of whether it is taxable.

Can I apply now?

The applications are closed, as many businesses have already asked for these grants.

There is no timeline for people to judge when they can apply for the grant but expect it back soon.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

If you’re looking for a QuickBooks Online alternative, you should first figure out what you need that QuickBooks Online doesn’t provide.

Is the user interface bothering you? Is it possible that the functionality you’re looking for isn’t available? Are you seeking a less expensive product or one that integrates better with your other programs?

Whatever your motivation for looking for alternatives, there are a few points to consider when looking for a QuickBooks Online substitute.

Let’s discuss top accounting software that could be a replacement for QuickBooks.

Deskera

Deskera is a Singapore-based business tool that seeks to cover everything a small business needs to flourish, from numbers (accounting, finances, inventory) to people (CRM, payroll, HR) and everything in between. Of course, no single software package can accomplish everything, but Deskera’s Books app—which contains accounting, banking, inventories, and more—can be used as a QuickBooks substitute.

FreshBooks

FreshBooks is for you if you’re a sole proprietor or freelancer who’s bored of tracking business activity with a spreadsheet.

FreshBooks is simple to set up and use, and you can be up and running in minutes. It is best suited for individual proprietors and freelancers. FreshBooks has a self-employed plan and a team plan for multi-user small businesses. FreshBooks also has a user-friendly interface that will make even the most inexperienced computer users feel at ease.

Wave Accounting

Wave Accounting may be the appropriate fit for you if you’re on a small budget but yet need an online accounting application with double-entry accounting capabilities.

Wave Accounting is free cloud-based accounting software, the best accounting software alternative for QuickBooks and your business.

Wave Accounting is excellent for freelancers and sole proprietors. It effortlessly provides all the accounting functions a small business needs, such as double-entry accounting, sales, purchases, banking, and decent reporting.

Sage 50cloud Accounting

Sage 50cloud Accounting is a hybrid solution that combines the dependability of a desktop application with the convenience of remote access.

For more tech-savvy people, Sage 50cloud Accounting is better for small and developing organizations. It comes in three different plans, the range of which can accommodate up to 40 users.

They provide a comprehensive range of services for small enterprises, including excellent customer management, sales tracking, purchase orders, and an inventory management module.

Patriot Accounting

Patriot Accounting, established in Ohio, has been in the accounting software market for over three decades. They seek to support small businesses and provide payroll services and software. Patriot’s payroll feature has two options:

A primarily self-service option ($10/month + $4 per employee/contractor) that allows businesses to run their payroll using Patriot’s accounting software but self-manage their tax payments

A full-service option ($30/month + $4 per employee/contractor) enables Patriot to handle all payroll and tax duties.

Both choices provide payroll setup and support and integration with Patriot or QuickBooks accounting software.

AccountEdge Pro

AccountEdge Pro is a sophisticated accounting tool developed for tech-savvy business owners. It is a desktop application with many capabilities, making it ideal for small—to mid-sized enterprises and expanding businesses.

AccountEdge Pro includes complete account administration, banking, sales, time billing, inventory, and purchasing.

The application includes payroll functionality, with both self-service and full-service payroll options. AccountEdge Pro also has standard features in other small business accounting programs, such as a customer portal and online payment taking. However, an automatic bank feed is not currently available.

Kashoo

Kashoo 2.0 has a newly redesigned user interface that looks brand new. It retains the previous version’s capabilities, including bill payment, contacts, accounts, and taxes, but they’ve updated everything.

Kashoo has a simple setup process allows you to rapidly set up your business, add any tax details, such as sales tax information, and connect your bank accounts. After you set up your accounts, you can view imported transactions in the new Inbox feature, which acts as a central repository for viewing current bank transactions imported from your connected accounts. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The forex market is the world’s largest financial market, attracting thousands of investors worldwide. It includes trading between multinational companies, governments, banks, and other financial institutions. The market has been quite an area of interest for investors lately. Its excellent liquidity and long trading hours allow transactions to be varied, making it profitable for investors.

What is Forex?

Forex, better known as foreign exchange, is a distributed global market where the world’s currencies trade. It is the most liquid and largest market globally, with average daily trading exceeding $5 trillion.

If you have ever traveled overseas, you must have done a forex transaction. If you take a trip to France, you convert your dollars into euros. When this action is performed, the foreign exchange rate between the currencies regulates how many euros you get for those dollars. Plus, the exchange rate fluctuates continuously.

Making a Trade

Forex trades involve two currencies since you are betting on the value of one currency against the other. If you see a price quoted on your platform, it is the price of one euro in dollars. You will always see two prices: one is the “sell,” and the other is the “buy.”

The difference between them is the spread. Click sell or buy, and you are selling or buying the currency in the pair.

Here are some tips that can help you become a successful trader:

• Mastering any discipline requires dedication, desire, and aptitude. And to become a winning forex trader is no different.
• Be aware while trading and keep an open mind, as pip values are always in a state of flux. Try to opt for rational and reasonable trades instead of being ambitious. Look for the most appropriate moments to sell off a pair until the most profitable price is reached for that pair.
• If you are a first-time Forex trader, it can be best to stay away from margin trading, though trading amounts more significant than your deposits may persuade the greed factor and hamper your investment.
• Always use software to support your decision to make the most money. Such software can help produce thousands of extra dollars every month.
• Like every other task in the world, there is always risk involved in Forex trading. We may say it is a little more than other financial investment options since there’s no controlling figure or a centralized trading system that guarantees returns.
• Establishing good habits regarding reward vs. risk, timing, and leverage is an excellent way to enhance your performance.

Let’s look at the tips that every trader should consider before trading currency pairs.

Know the market

Take some time to study currency pairs yourself and what affects them before your investment. It could save you the right amount of money.

Practice

Creating a trading plan may be critical but essential for successful trading. It must include your risk tolerance level, profit goals, methodology, and evaluation criteria. Be sure that the trade you consider falls within your plan’s parameters with a plan in place.

Know your limits

It may sound simple, but that’s all it is. It is critical to your future success. It includes knowing how much you are willing to risk on every trade, maintaining your ratio according to your needs, and never risking more than you can afford to lose.

Keep it slow and steady

Another key to trading is consistency. All traders lose money and will continue to do so, but if you maintain a decisive edge, you can have a better chance of reaching the top. Educating yourself and creating a plan is good, but remember, the real test is sticking to the program through discipline and patience.

Remember, do not be afraid to explore; it is true that consistency is essential, but you may experience a re-evaluation of the whole trading plan. Choose the right trading partner, and the quality of customer service can make a difference in your trading experience. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

It’s barely noticeable venture costs during positively trending markets, particularly if you’re bringing in cash. Despite this, the accumulation of such costs can truly add up over time, and not in a positive way.
Bringing down your costs by just 1% can immensely affect the exhibition of your venture portfolio over the long haul. Suppose you’re acquiring an average of 10% every year on your portfolio yet paying 2% in venture charges of different kinds. That will leave you with a net pace of return of 8%. If your portfolio is $100,000, it will develop to $466,097 in the following 20 years.

If you can reduce your yearly speculation cost to 1%, your triumphant net return will rise to 9%. If your portfolio is $100,000, in the following 20 years, it will grow to $560,440. That is a distinction of generally $94,000, and it is earned essentially by reducing your venture costs by 1%.

It is necessary to understand that, after buying the property, the return will not come automatically. It will be essential to make an active and conscious effort to obtain the appropriate profitability and administration for this type of investment. In this sense, the most important tips are:

 

Consider Joining Efforts

Are you a beginner investor? If so, you will likely have only one or two real estate. Although this already ensures good profitability, you can lose good opportunities by not having enough capital to make commercial proposals in general. Knowing this, consider joining forces with other investors! When you join people who also own real estate and are smaller investors, relevancy in the market grows. For example, it becomes possible to use individual assets to make more practical proposals.

 

Keep Control Over Finances

As the money from the property comes in, you must keep a tight grip on the moves. For example, in the case of rent, you must record the payments, including the amount received, the date, and other data related to that transaction. At the same time, it may seem redundant initially, but as you buy more real estate, care becomes indispensable to maintaining proper income control.

 

Always Keep an Eye on the Market

It is indispensable to prepare to take advantage of the opportunities that arise. For example, if you buy a property with valuation potential, you need to keep an eye on the market to understand when it becomes more valued. If you fail to keep up with the demand, you will probably lose excellent chances of making your investment pay off as it should and adjusting values ​​according to context. So, never stop studying and delving into the market to stand out from other investors and ensure their place in the sun.

 

Consider Delegating to a Real Estate Agent

Depending on the time available and your market knowledge, delegating the management task to real estate may be the best option for your investment – especially if you are focused on leasing. With established market experience and contacts, the real estate company ensures that the administration is done more conveniently and advantageously for you. Just keep in mind that this delegation includes the payment of a fee relating to the rent amount and, therefore, will affect the profitability of the investment.

As you can see, investing in real estate is an option for anyone looking for advantages, even in times of instability. Incidentally, depending on the form of payment, this investment can be even more profitable and less impactful on the budget—that’s where the consortium comes in! Be that as it may, the truth is that real estate is a sound investment, and it presents security and profitability if you know where to allocate your resources.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.