As more small businesses crop up throughout the country, many business owners are starting to realize that a significant task in managing a company, big or small, is bookkeeping.
From choosing an accounting method to managing transactions to setting up payroll, bookkeeping can be an extremely confusing and time-consuming process!
That’s why many business owners decide to get bookkeeping help, whether they use a form of online bookkeeping software or hire an accountant.
For many companies, the best move is to do both! When it comes to running a business, you may have debated the benefits of providers like xendoo and tools like QuickBooks. But which option will work best for you?
Let’s break it down and discover what will work best for your business: xendoo vs. QuickBooks.
What Is Accounting Software?
Most of us are familiar with the term “software.” Basically, this refers to any sort of program or application you run on your computer that helps you perform a task or complete a goal. Software can come in many forms, from music players and photo editors to games and word processors.
Accounting software is a program or application that assists you with accounting or bookkeeping tasks. Also referred to as bookkeeping software, it can assist your business with functions like:
- Accounts payable
- Accounts receivable
- Purchase orders
- Sales orders
- Payroll
Reliable accounting software will also store your company’s financial data. Some companies prefer to create their own accounting software to fit their specific needs, while other businesses can manage best by purchasing third-party software packages like QuickBooks.
In some cases, a combination of in-house and third-party software is also possible.
The greatest advantage to any accounting software is that it’s available online at any time and can be updated in an instant. When you compare that to the traditional form of bookkeeping with pen and paper, you can see why investing in online bookkeeping software is so popular in the 21st century!
Why Do You Still Need an Online Accounting Service?
As a business owner, one of your many responsibilities is finding ways to save money for your business. For a lot of enterprises just starting up, doing online bookkeeping yourself seems like a great way to cut costs. Unfortunately, trying to achieve cost savings by performing highly complex professional work yourself will likely end up backfiring!
Even seemingly small mistakes could also actually cost you a lot of time in the long run. Additionally, you may miss out on important tax benefits, deadlines, and requirements if you simply try to do it all on your own.
In the battle of xendoo vs. Quickbooks, here are some of the other benefits that you can expect from your online accounting service:
Bookkeeping
When you work with xendoo, a dedicated team of experts will take care of all of your online bookkeeping needs — and they’ll do it on time. In less than an hour, we can set up your accounts and get you connected in a view-only mode.
Once all of that is ready, we’ll reconcile your books each week to ensure that everything is up to date and in order. This leaves you the time that you need to do other kinds of practical work that will help grow your business.
While we take the time to keep all of your books in a row, you can check in on your finances whenever you’d like. With our customer portal, you receive monthly reports that track everything you need to stay in the loop. Even if you can’t spend the time to go through all of the details, you can trust that our experts will.
Catch Up
Did you know almost a quarter of all business owners report that they are currently behind on their bookkeeping responsibilities? That’s why another great accounting service offered via xendoo is the ability to provide catch up bookkeeping when you’re behind—not something an online bookkeeping software alone can manage!
So forget about the stress of catching up on your finances by yourself. At xendoo, we can get all of your financials up to date, whether you are a few months behind or a few years behind.
Taxes
While it would be much easier just to pretend they don’t exist, paying your taxes as a business owner will always be a part of the job. Going through the filing process and wondering whether you’re doing it right will likely cause you to lose some precious sleep.
xendoo can take on this major responsibility for you, helping your business to find ways to make the most of tax season. When your business has its books in order, filing taxes is much easier. We won’t just connect you with a random CPA during tax season, though—you’ll have a dedicated, certified account available at all times, whether it’s on April 14th or October 14th.
How Your Accounting Team Leverages the Best Software
Because these accounting programs can manage to save you time and money, we wouldn’t expect you to simply throw them out the window and lose everything you’ve already invested. That’s why your xendoo accounting team can fully integrate with practically every software out there, whether it’s QuickBooks, Xero, Amazon, Shopify, or any other program.
Your team will work with the software program you’ve got to find better ways to manage your finances. Think of it like this: The software is your car and xendoo can be the driver. We’re not just any driver, though; we’re a Formula 1 champion racer.
Your team will be available to you with whatever form of communication is most comfortable for you: email, call, or text.
At xendoo, our professionals aren’t just there for your business transactions—they can even help you with your personal tax returns! You can rest assured everything will be monitored, managed, and maintained, all without having to lift a finger.
xendoo vs. Quickbooks: The Final Considerations
Whether you run a small cafe with less than $20,000 in monthly expenses or an up-and-coming restaurant with more than $100,000 in monthly expenses, xendoo can take on your small business bookkeeping responsibilities, so you don’t have to.
With dependable and knowledgeable CPAs dedicated to your financials, you can spend your time on growing and scaling your business. Contact us to learn more today!
