Many freelancers work as a sole proprietorship, which means that they are not incorporated with the secretary of state. Though a sole proprietor can register as a business, it is not required. The sole proprietor works under his or her own name. A sole proprietor can also be a married couple working together. According to
Anyone who has launched an e-commerce business from the ground up may not initially understand how complicated finances can become without an accounting strategy in place. The joy of rapid growth and success can turn into confusion and stress if you don’t come up with an accurate, efficient and secure way to reconcile matters including
Intuit has increased the price of its Quickbooks Online product significantly over the past year. For some users, this has amounted to a change of more than three times their monthly cost. As a small business owner, these changes may no longer be a fit for your budget. Here are a few options that might
Chief financial officers play an important role for businesses of any size. From supervising bookkeeping to preparing financial statements to projecting future performance, a CFO ensures the business stands on solid financial footing. But hiring a full-time CFO may be out of reach for small and mid-sized businesses. It’s quite expensive to pay the salary and
The concept of cloud computing is continually gaining ground around the world. As a business owner, you are most likely using one of the many available cloud applications in your workplace. This could include Google Drive, Dropbox, and Salesforce. If you have realized the benefits of using these cloud applications, then cloud accounting for your
It’s often tempting for business owners to attempt to handle their accounting and bookkeeping needs themselves. After all, business owners are accustomed to wearing many hats; why not save money by carrying out your bookkeeping and accounting services yourself? Unfortunately, this “can do” attitude which is essential in so many business areas can lead to serious problems