Tuesday, April 24, 2018

Feature Education: Tax Time Reports

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Tax time is the dreaded time of year for small business owners. Luckily there are reports inside FreshBooks that can help:

- Profit & Loss Report: The king of all reports, your Profit & Loss lists all the money you’ve brought in this year as well as all of your expenses—giving you a net profit or net loss. This is an essential report come tax time, as it contains the information you’ll need to report on for your tax returns.

- Expense Report: While the Profit & Loss report is perfect for an overview, sometimes you need to really dig into the numbers. You may be asking yourself why your expenses were so high in a certain month, or why you have expenses categorized a certain way. That’s where the Expense Report will come in handy.

- Payments Collected: Now that you’ve looked at your expenses, you can focus next on money that’s flowing into your business—your income. The Payments Collected report gives you a breakdown of all the payments you’ve received, when they occurred, which client they came from and the method of payment.

What is Freshbooks?

The all-new FreshBooks is accounting software that makes running your small business easy, fast and secure. Spend less time on accounting and more time doing the work you love.

FreshBooks is simple and intuitive, so you’ll spend less time on paperwork and wow your clients with how professional your invoices look.

Automate tasks like invoicing, organizing expenses, tracking your time and following up with clients in just a few clicks.

FreshBooks lives in the cloud so you can securely access it from your desktop, phone and tablet wherever you are.

The all-new FreshBooks is not only ridiculously easy to use, it’s also packed full of powerful features:

Create and send professional looking invoices in less than 30 seconds.

Set up online payments with just a couple of clicks and get paid up to 4 days faster.

See when your client has seen your invoice and put an end to the guessing game

This Accounting for Non-Accountants software is specially made for businesses, freelancers, virtual assistants or they called remote workers.
Sign up for the free trial: FreshBooks Cloud Accounting - Free Trial

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