Hi Entrepreneurs,
First time poster here. Hoping to find some good recommendations for a bookkeeping app to use.
I'm a one man show when it comes to my business at this point in time. More specifically, about half of my income is w2, the other half is 1099 that I run through an LLC.
I'm making a decent living for one person, but nothing that gets me into a "high income" tax bracket.
My business & transactions are fairly uncomplicated, and not enough in volume to hire & have communication with a bookkeeper every month, but just enough to make it a pain & small project when I let my transactions pile up all year, so I'd like to find an app where I can do my bookkeeping on the fly and not let it build up. I've used apps for employers I've worked for and found it easy to do a few transactions here and there when I had a down minute or two when i had a good app.
I've tried a couple of times doing my own research to find an app or service to fit my needs, but unfortunately don't understand the accounting, bookkeeping, or industry lingo to understand all the features of the apps or what the terms mean. This is where I'm hoping someone who has a background in this and that understands small business can help point me in the right direction.
Ultimately the key features & capabilities I'm looking for are as follows:
*Ability to easily manage multiple sets of books (one set for LLC & one set for personal)
*Can easily log/categorize/distinguish monies going in and out of the LLC from my personal account correctly (usually from LLC to personal, but sometimes the other way around) and keep track of in a comprehensible way come tax-time.
*Easy to expense per diem's I give myself or other contractors from my LLC to my personal when traveling (if this is any different than a regular transaction?)
*Expenses that auto-populate from my online banking/online statements into a Que or something of the like, making it easy to go there as a reference and take care of each transaction one by one as they populate.(can also dismiss from the que without logging as transaction for the case of my personal account/business, if possible)
*Easy to access just as easy from a computer/desktop as it is from an app. App for on-the fly management & notating records, but desktop for compiling records, printing reports, etc.
The quickbooks online/app version is too expensive and more involved than I need. For that price I could hire somebody.
Any tips, reccomendations, etc?
First time poster here. Hoping to find some good recommendations for a bookkeeping app to use.
I'm a one man show when it comes to my business at this point in time. More specifically, about half of my income is w2, the other half is 1099 that I run through an LLC.
I'm making a decent living for one person, but nothing that gets me into a "high income" tax bracket.
My business & transactions are fairly uncomplicated, and not enough in volume to hire & have communication with a bookkeeper every month, but just enough to make it a pain & small project when I let my transactions pile up all year, so I'd like to find an app where I can do my bookkeeping on the fly and not let it build up. I've used apps for employers I've worked for and found it easy to do a few transactions here and there when I had a down minute or two when i had a good app.
I've tried a couple of times doing my own research to find an app or service to fit my needs, but unfortunately don't understand the accounting, bookkeeping, or industry lingo to understand all the features of the apps or what the terms mean. This is where I'm hoping someone who has a background in this and that understands small business can help point me in the right direction.
Ultimately the key features & capabilities I'm looking for are as follows:
*Ability to easily manage multiple sets of books (one set for LLC & one set for personal)
*Can easily log/categorize/distinguish monies going in and out of the LLC from my personal account correctly (usually from LLC to personal, but sometimes the other way around) and keep track of in a comprehensible way come tax-time.
*Easy to expense per diem's I give myself or other contractors from my LLC to my personal when traveling (if this is any different than a regular transaction?)
*Expenses that auto-populate from my online banking/online statements into a Que or something of the like, making it easy to go there as a reference and take care of each transaction one by one as they populate.(can also dismiss from the que without logging as transaction for the case of my personal account/business, if possible)
*Easy to access just as easy from a computer/desktop as it is from an app. App for on-the fly management & notating records, but desktop for compiling records, printing reports, etc.
The quickbooks online/app version is too expensive and more involved than I need. For that price I could hire somebody.
Any tips, reccomendations, etc?
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