The best accounting software for your consulting business is the software you are comfortable using. Even if you engage the services of an accountant or bookkeeper to help you do your monthly bookkeeping, you will still need to use your accounting software to track your expenses and bill your clients. FreshBooks started out as an invoicing and time-tracking software for freelancers and other self-employed individuals. It has since evolved into a powerhouse accounting software for small businesses that don’t technically need a balance sheet component. Xero, FreshBooks and QuickBooks all offer 30-day free trials and extensive features for online support, including a live chat, email support and a knowledge base.
All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants. These companies offer Gusto integration for the same price—$40 per month and $6 per month per person. On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Xero is an accounting software that makes accounting a lot easier for small and medium-sized businesses.
Is Xero Right for You or Your Business?
For more information about Open Baking and bank feeds, click here. If you’ve got questions about how Xero can help your business, first, start a free trial to get a Xero login. You can then go to the support center, Xero Central, to raise a case with the support team.
Wherever you are or whenever you need it, via the mobile app it is always possible to view your financial progress. If your consulting business is mostly time- and service-based, FreshBooks might be just what you are looking for. It’s less robust than QBO or Xero, but still able to provide almost all of the same functionality using any number of third-party apps that easily integrate with FreshBooks. In fact, QBO, Xero and FreshBooks all depend to some degree on third-party apps to customize their software for any particular industry. Although FreshBooks does not provide a balance sheet, they do provide a template if you need to create one.
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Payments are due by the end of your monthly billing period based on the date you purchased your subscription. If you’re looking for an accountant who specializes in Xero, you can search goodwill bluebox for an accounting advisor through their website by location and industry. Your accountant or bookkeeper can be a valued business advisor so check what to look for when you choose one.
- While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.
- Within no time you will have your desired financial data on the screen.
- The best accounting software for your consulting business is the software you are comfortable using.
- Account holders are able to customize online invoices to add a logo, accept payments instantly through the invoice, set automatic reminders for clients to pay and invoice directly from the Xero app.
- From bookkeeping and cloud-based accounting to bank reconciliation, asset management, inventory as well as invoicing performance dashboards, and many more.
Xero champions are firms whose team members have completed the most Xero training and who are growing fast.
Cloud AddOns
Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself. Account holders are able to customize online invoices to add a logo, accept payments instantly through the invoice, set automatic reminders for clients to pay and invoice directly from the Xero app. Xero processes payment through a payment gateway like Stripe, GoCardless and others. Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor). We help our clients handle and manage their bookkeeping records with the help of Xero.
Of course, you can also create your own template, which you do by using a Word document. In addition, you don’t have to worry about losing your data, because Xero’s extra layers of security ensure that all your financial data is safely stored in the cloud. Xero’s layout is more visually appealing to many consultants than QBO’s.
Receivables Management
You can provide your phone number and ask us to contact you if needed. Just let us know the preferred time to call and where you’re located. Given that there are several invoicing software on the market, it’s worth putting in some time to research your options before choosing one for your business.
It allows three users for its Essentials plan ($55 per month) and 25 users for its top plan, the Advanced ($200 per month). Xero, on the other hand, offers unlimited users for all plans. This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team. The Early subscription is tailored for solopreneurs and business owners who are just getting started.
Quickbooks Online
With Xero it is always possible to access your financial data and you always have your finances under control. With the Xero mobile app you can easily log in from your phone or tablet and have all your financial data at hand in no time. Rather than using the free trial period to set up your books perfectly, test the features you will use most often and make sure the software you choose supports you best.
