Can someone recommend an Accounting software other than QuickBooks Online where I can track expenses per customer and run a P&L report per customer? And something cheaper than $50/month?
I really need to be able to see how profitable I am per customer for my businesses.
I've looked at a ton of small business accounting software (waveapps, zipbooks, a few others) and that's the functionality that keeps my tied to QuickBooks Online. I'm fed up with them constantly raising prices and not improving things for me.
I've got several businesses and I know $70/month is a small expense for a lot of small businesses, but it's too much for myself and my wife.
Ok so basically, I personally financed a vehicle with the intention of it being paid off by 2 other LLC I co-own.
I gave $0. (Side question, would I have to "contribute" the asset to the LLC or can I just ignore my "ownership" of it? - I know, stupid question lol.)
Construction LLC gave a down payment of $15,000. This LLC would initially own it 100%.
Janitorial LLC have $0.
So initially I want Construction LLC to own 100% of the asset. Following numbers are made-up:
- This would mean I would initially CR PPE $34,000, and DR Cash $15,000, DR Notes Payable $19,000.
- And the monthly loan payment would be CR Cash $400, and DR Notes Payable $375, DR Interest Expense $25.
- And at year-end, using Section 179, CR Accumulated Depreciation $34,000, and DR Depreciation Expense $34,000.
But how would I account fot Janitorial LLC purchasing an ownership in the vehicle?
For example, each month, Janitorial LLC would pay Construction LLC half of the monthly payment for the vehicle to own part of the asset. In the end, I want both LLC's to own 50/50%. Obviously Janitorial LLC initially will own a very small ownership % which would completly change the CR and DR because now Janitorial LLC has to have its own CR and DR regarding PPE, Cash, Depreciation Expense, etc.
I have a basic idea for how to account for this but does anyone know how or if I'm correct in the way I'm doing it?
Started a small property management firm last year and curious if there might be anyone offering bookkeeping services using Quickbooks desktop for Mac. I have been using Excel for the past year but now I would like to transition to QB as I see it as a helpful tool as we continue to grow.
I posted an ad on upwork today if anyone might be interested:
Posted 3 hours ago -Set up QuickBooks files from Excel data for three real estate properties -QuickBooks and bookkeeping/accounting training -Monthly and end of fiscal year reports
I have been unable tho collect from a business I worked for in March and April. I made a mistake in not getting paid in advance and letting my invoices go unpaid for a few weeks. They have severe cash flow problems.
Since I am no longer there, I know it's not a priority to pay me any time soon.
I'm thinking of sending them a demand for payment with some intimation that I will file a labor claim against them for treating me as a contractor when I was actually an employee. It's this a good idea?
I recently decided to start my own remote bookkeeping/accounting company and I’m actually EXCITED to start work! I got my first client at the end of last week thanks to Reddit and I start working tonight. It seems so small, but it is a step in the right direction to being able to work from home completely in about 5 years.
My goal is to have 5-10 clients by the end of the year in whatever capacity they need me. I’ve got 3+ years of experience and I am finally getting to do my favorite part of the job on my own time! I love data entry, as nerdy as that sounds, and I love helping people. I get to satisfy both of those with this business I’ve decided to start.
Any advice or words of encouragement are welcome! And to those of you who are starting your own business - good luck!
Hi I'm new to Reddit so bare with me. I have just received my Associate's of Science with a focus in accounting and am now trying to complete my Bookkeeping C.A.S. I'm looking for recommendations on whether or not I should take Introduction to Quickbooks 2019 or if I should take Introduction to Quickbooks Online. I am sure they will both be relatively similar and provide the same kind of information but would love feedback on what was successful for others. Thank you in advance!
Now Xero is available as a built-in data source in Panoply, empowering anyone working with data analytics or accounting, to add Xero data and combine it with any other data sources which gives you the full, 360 degree view of your accounting finances:
I have used QuickBooks for 20+ years, but I am getting beyond fed up with their business practices. They prorated my QuickBooks Online Accountant wholesale pricing without any notification that they prorated the "first" billing cycle. I switched firms and created my own firm. In doing the set up, up until the point of billing, there was no notification that they would charge me double what their billing details said I would be charged.
In anyone's experience, have you found software similar to QuickBooks Online? I'm interested in switching over to Xero, but I have no knowledge of how it behaves.