The best time tracking software for your business will depend on whether you are looking to ensure accurate payroll for hourly employees to assign accurate labor costs to jobs or both. We’ve narrowed down your choices to eight great software options that also come with quality time tracking apps. : Best overall time tracking software…
All Accounting Articles
5 Best Easy-to-Use Accounting Software
Easy-to-use accounting software is a must for any new business. Even the simplest of accounting software will usually save you hours by providing an easy way to classify income and expenses, issue invoices, pay bills, and track your cash balance. We’ve reviewed numerous simple accounting software and narrowed it down to five for you to…
7 Best Farm Accounting Software 2020
We look at a mix of online and desktop software created specifically for farming and ranching, as well as the top general accounting packages to find the best software for your farm. While QuickBooks is often an excellent choice for farmers and ranchers, there are other farm-specific accounting software that deserve serious consideration. : Best…
6 Best Accounting Software for Freelancers 2020
The best freelance accounting software should include expense tracking and documentation, business mileage tracking, and invoicing. Some freelancers might also need their accounting software to track sales tax collections and inventory. We looked at numerous accounting software products and narrowed it down to six from which you can choose. Top Accounting Software for Freelancers 2020…
6 Best Construction Accounting Software for 2020
Construction accounting software for general contractors and subcontractors is offered with a wide range of features. Some contractors only need basic bookkeeping software that will calculate profit and loss by job. Others want accounting software that is just one component of full-blown enterprise resource planning (ERP) software. We selected a range of software to fit…
How to Track Loan Expenses for the Paycheck Protection Program
Receiving your Paycheck Protection Program (PPP) loan doesn’t mean the hard work is over. For the loan to be forgiven, you must spend the funds on qualifying expenses within an eight-week period after the disbursement—and carefully track that spending. Providing detailed and specific information on how your PPP funds were spent will be vital to…
7 Best Church Accounting Software 2020
Churches must have strong accounting systems to provide detailed transaction information and reports to key stakeholders, such as donors and the board of directors. In addition, many churches can benefit from church management software that is often integrated with good accounting software. We looked at several options and narrowed it down to the seven best…
7 Best Real Estate Accounting Software 2020
Real estate business accounting software helps real estate agents, brokerage firms, landlords, and investors who buy, sell, or rent property keep track of their business finances. We evaluated industry-specific and general business programs on cost, features, and ease of use to find the top real estate accounting software options for you. : Best overall for…
5 Best Mileage Tracker Apps for Small Business 2020
A good mileage tracker app not only saves you time but also saves you money. They must be flexible no matter what type of driving you do, whether you work for a ridesharing service or you’re a real estate agent driving from one appointment to the next. We evaluated more than 20 mileage tracker apps…
How to Claim the Employer Credit for Paid Coronavirus Leave
The Families First Coronavirus Response Act (FFCRA) reimburses a business if one of its employees takes COVID-19 related leave between April 1, 2020 and Dec. 31, 2020. Qualifying businesses are required to pay employees for coronavirus leave, but the FFCRA paid leave credit will reimburse them for the entire cost. Here is a summary of…
Net Operating Loss (NOL): Definition and New Rules In the Wake of COVID-19
A net operating loss (NOL) occurs when a business’s tax deductions exceed income. Tax rules allow owners to use losses incurred in one year to reduce income in other years and boost their refund. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) changed the way businesses treat NOLs, which should help owners with…
QuickBooks Online vs Desktop: Which Is Right for You in 2020?
QuickBooks Online and QuickBooks Desktop differ in this fundamental way: You can access QuickBooks Online from any computer or mobile device connected to the internet, and it’s easy to share data with your accountant. QuickBooks Desktop must be installed on your computer, which offers faster navigation and data input but a limited ability to share…