This post is brought to you by CJ Affiliate's VIP Content Service. While this was a sponsored opportunity from Inuit QuickBooks, all content and opinions expressed here are my own.
As a small business owner, tax time and keeping track of my income and expenses isn't exactly the most fun part of having a business. I always say that the most un-fun part of running a business of your own is when it comes to tax time.
However, it is an absolute MUST to have your tax and accounting situation handled correctly.
Seriously, there is no other way around it. You need to file your taxes every year, and you should have the best possible system of doing so.
I've always taken tax time and accounting seriously with my blogging business, as I used to be a financial analyst with various businesses and this always seemed to be a business' biggest mistake – managing their books incorrectly.
Or, sometimes a business would skip this altogether and it would just be a huge mess!
Why you need an accounting system for your business.
You need to have a good accounting system, as this makes running a business much easier, smoother, and less complicated. Plus, at tax time, you won't be scrambling to gather all of your documents and you will be less likely to make a disastrous mistake.
Without a good accounting system, then you may make big errors, such as recording too little income, forgetting expenses, pay more in taxes, and so on. Being organized with your business' finances is always better than being unorganized. In fact, I've never met a person who has said “I'm glad I have NO accounting system for my business!”
It's usually the exact opposite. Having a good accounting platform and system for your business can help your sanity.
Over 4.3 million people use QuickBooks Online. This is for reasons such as:
- You can easily organize everything in one place. Their platform is easy to navigate, common accounting tasks are easy to do, and more.
- You can easily record your sales, send invoices that accept credit and debit cards, get payment notifications, and more.
- You can keep track of the money you spend, record bills, run expense reports, and more.
QuickBooks Online is great whether you have a brand new business, if you provide a professional or field service, sell products, or are a non-profit organization.
QuickBooks Online is definitely a great platform to use for business owners. In fact, I can't find anything that has as many services and benefits as QuickBooks does.
Plus, did I mention enough about how easy QuickBooks Online is to use? You don't need to be an accountant in order to use QuickBooks online!
And lastly, you can get QuickBooks Online for free for the first 30 days as well. This is a great way to check out their platform and services, and see if the product is for you. The free 30 day trial is available for all product service levels (Simple Start, Essentials, and Plus). There is also a sale in which you can get up to 70% off their product from July 3 to July 7th!
If you're a small business owner, what do you use for your books?
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