Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website. # Xendoo: Xendoo provides technology-enabled bookkeeping, accounting, and tax services for small businesses by combining modern financial software with dedicated in-house accountants. The company integrates financial data, maintains accurate books, delivers monthly financial reporting, and provides expert guidance that helps business owners understand performance, stay tax-ready, and grow with confidence. ## Sitemaps [XML Sitemap](https://xendoo.com/sitemap_index.xml): Includes all crawlable and indexable pages. ## Pages - [Home](https://xendoo.com/): Xendoo provides online bookkeeping and accounting services for small business with expert support, accurate reports, and tax solutions. - [Pricing](https://xendoo.com/xendoo-pricing/): See pricing for Xendoo’s online bookkeeping and accounting. Get a team of real people—bookkeepers and CPAs—supporting your small business. - [Bookkeeping](https://xendoo.com/bookkeeping/): Get expert bookkeeping services from Xendoo. Accurate reports, timely updates, and dedicated support for your small business. - [Catch Up Bookkeeping](https://xendoo.com/catch-up-bookkeeping/): Our catch up bookkeeping service will bring your financials up to date, giving you peace of mind to make decisions based on real numbers. - [Tax Services](https://xendoo.com/tax-services/): Whether you have a bookkeeper or need guidance, Xendoo helps you save with actionable tax strategies that put more money back in your pocket. - [CFO Services](https://xendoo.com/cfo-services/): CFO services made simple. Xendoo delivers CPA-backed expertise, cash flow planning, and strategic financial guidance for small businesses. - [Industries](https://xendoo.com/industries/): Xendoo offers bookkeeping and accounting for restaurants, eCommerce, healthcare, and professional services — with simple flat-rate pricing. - [Franchise](https://xendoo.com/franchise/): Xendoo’s expert accounting services empower your franchise. Get trusted financial support to help your business grow and succeed. - [eCommerce Bookkeeping Service](https://xendoo.com/ecommerce-bookkeeping-service/): Grow your online store with Xendoo’s eCommerce bookkeeping. Expert support for all major platforms and businesses of every size. - [Professional Services – Industry page](https://xendoo.com/professional-services/): Focus on growth with Xendoo’s accounting for professional bookkeeping services. We deliver expert bookkeeping and tax support you can trust. - [Technology](https://xendoo.com/technology/): Discover Xendoo's financial technology tools: Insights XP, Q2X, ZorConnect, and seamless integrations to help your small business finances. - [Industry: Real Estate Accounting](https://xendoo.com/real-estate-accounting/): Simplify your real estate accounting with expert bookkeeping, tax prep, and financial insights built for property professionals. - [Medical – Industry page](https://xendoo.com/medical/): Medical bookkeeping and accounting made easy. Xendoo’s CPAs deliver expert support, flat-rate pricing, and reliable books for healthcare. - [Hospitality – Industry page](https://xendoo.com/hospitality/): Hospitality bookkeeping and accounting made easy. Xendoo’s CPAs provide expert support, flat-rate pricing, and stress-free financials. - [Trade](https://xendoo.com/trade/): Xendoo’s bookkeeping for trades and contractors includes CPA support, flat-rate pricing, and software integration for accurate financials. - [Retail](https://xendoo.com/retail/): Xendoo provides bookkeeping for retail businesses with CPA expertise, flat-rate pricing, and seamless QuickBooks & Xero accounting support. - [Industry: CPG Accounting Services](https://xendoo.com/cpg-accounting-services/): Xendoo helps CPG brands scale with accurate books, clear COGS, and proactive tax strategies for lasting growth. - [Insights XP](https://xendoo.com/insights-xp/): Get 24/7 access to your financial data with Insights XP. Track trends, monitor key metrics, and make smarter small business decisions. - [Q2X](https://xendoo.com/q2x/): Easily migrate your financial data from QuickBooks Online to Xero with Q2X. Expert support ensures a smooth transition for small businesses. - [ZorConnect](https://xendoo.com/zorconnect/): Real-time franchise financial dashboard with ZorConnect. Track performance, access Item 19 data, and grow your business. - [AdvisorConnect](https://xendoo.com/advisorconnect/): AdvisorConnect gives advisors, CPAs & wealth firms real-time financial insights in a secure platform to track client performance. - [Xendoo Partners](https://xendoo.com/partners/): We partner with top financial solutions, giving you time-saving tools so you can focus on running and growing your business. - [More: About](https://xendoo.com/about-xendoo/): Small business is our passion. Xendoo’s bookkeeping and accounting give owners the tools and resources they need to manage finances and grow. - [Meet The Team](https://xendoo.com/meet-the-team/): The Xendoo team is here for your business. Meet our CPAs and bookkeepers who make small business accounting and bookkeeping simple. - [More: Partners](https://xendoo.com/our-partners/): We partner with the best solutions for your business financial needs. Giving you time-saving tools so you can focus more on running your business. - [Become A Partner](https://xendoo.com/become-a-partner/): We partner with the best solutions for your business financial needs. Send us a message to talk about partner. - [Reviews](https://xendoo.com/xendoo-reviews/): We serve small business owners because we know you will change the world. Here directly from our customers with these reviews and testimonials. - [Xero Partner 2026](https://xendoo.com/xero-partner-2026/): Xendoo Accounting & Bookkeeping, has been awarded Xero National Partner of the Year as part of Xero’s 2026 Partner Awards. - [FREE Review of Your Books 500 Off](https://xendoo.com/free-review-of-your-books/): Get a free review of your books. Our team will reach out to review your financials with you. - [Schedule Call](https://xendoo.com/schedule-call/): Schedule a complimentary bookkeeping and accounting consultation. We'll learn about your business and see if we're the right fit. - [Calculators](https://xendoo.com/calculators/): Simplify small business finances with Xendoo’s free accounting and bookkeeping calculators. Estimate taxes, cash flow, and more in minutes. - [Resources](https://xendoo.com/resources/): Explore Xendoo’s resource library for clear, expert guidance on bookkeeping, accounting, taxes, and financial best practices for growing businesses. - [Resources: FAQ](https://xendoo.com/faq/): Get answers to the most frequently asked questions about xendoo. Learn more about our bookkeeping and accounting services for small businesses. - [Contact Us](https://xendoo.com/contact-us/): We want to hear from you. Please fill out the form, and we’ll get in touch shortly. - [LoanBud Partner](https://xendoo.com/partners-loanbud/): LoanBud, a Xendoo Accounting & Bookkeeping partner, is a financial technology platform dedicated to SBA financing. - [Partner LoanBud](https://xendoo.com/partner-loanbud/) - [ROTR](https://xendoo.com/rotr/) - [Botkeeper Webinar August](https://xendoo.com/botkeeper-webinar-august/) - [Giveaway Landing Page](https://xendoo.com/national-small-business-week-giveaway-2026/): Xendoo's National Small Business Week Giveaway — one small business owner wins a $150 Amazon gift card, a signed copy of Small Business Defined, and a social spotlight. - [Pricing Calculator](https://xendoo.com/pricing-calculator/) - [Bluevine Concierge](https://xendoo.com/xero-bluevine-connect/) - [Summer Financial Reset](https://xendoo.com/summer-financial-reset/) - [Xendoo Tax Session Landing Page](https://xendoo.com/xendoo-tax-session/) - [NSBW 2026 T&C](https://xendoo.com/nsbw-2026-terms-and-conditions/) - [TechStars Xendoo Partner](https://xendoo.com/partner-techstars/) - [Forbes Partner](https://xendoo.com/forbes-partner/) - [NerdWallet Lending Offer](https://xendoo.com/nerdwallet-lending-offer/) - [NerdWallet Tax Offer](https://xendoo.com/nerdwallet-tax-offer/) - [NerdWallet Accounting Offer](https://xendoo.com/nerdwallet-offer/) - [What Financial Metrics Should Every Franchisor Track?](https://xendoo.com/resources/what-financial-metrics-should-every-franchisor-track/) - [Ditch the bookkeeping](https://xendoo.com/resources/ditch-the-bookkeeping/) - [When to Outsource eCommerce Bookkeeping Services](https://xendoo.com/resources/when-to-outsource-ecommerce-bookkeeping-services/) - [What Causes Businesses to Outgrow Their Bookkeeping Systems?](https://xendoo.com/resources/what-causes-business-to-outgrow-their-bookkeeping/) - [The Costs of Being Behind on Bookkeeping Quietly on Business Growth](https://xendoo.com/resources/the-costs-of-being-behind-on-bookkeeping-quietly-on-business-growth/) - [When Is It Time to Outsource Bookkeeping For Your Business?](https://xendoo.com/resources/when-is-it-time-to-outsource-bookkeeping-for-your-business/) - [Why Franchisors Need a Standard Chart of Accounts](https://xendoo.com/resources/why-franchisors-need-a-standard-chart-of-accounts/) - [How to Read Financial Statements: What Your Numbers Should Tell You](https://xendoo.com/resources/how-to-read-financial-statements-what-your-numbers-should-tell-you/): Unlock the secrets of your business's financial health! Your financial statements are more than just numbers; they reveal trends, decisions, and opportunities for growth. Discover how to interpret your Profit and Loss, Balance Sheet, and Cash Flow to gain clarity on your performance. Are your margins improving? Is cash flow tight? Timing and consistency are key to making informed decisions. With Xendoo, you can ensure your financials are accurate and up-to-date, empowering you to focus on what truly matters—growing your business. Dive in to learn how to reclaim your time and lead with confidence! - [April Webinar](https://xendoo.com/zorconnect-xendoo-franchise-webinar/): A Complete Financial and HR/Payroll Solution for Franchisors Join Lil Roberts, CEO and Founder of Xendoo, and Jenee Nentwig, National Franchise Director - [FREE Review of Your Books Filta](https://xendoo.com/free-review-of-your-books-filta/): Get a free review of your books. Our team will reach out to review your financials with you. - [What Is Financial Literacy for Business Owners?](https://xendoo.com/resources/what-is-financial-literacy-for-business-owners/): Bookkeeping errors can skew financial statements, mislead investors, and reduce your business’s valuation. This resource explains how inaccurate books distort key metrics, why proper accounting matters for valuation, and how clean financials support confident decision-making and higher sale multiples. - [April 15 Tax Deadline: What Business Owners Need to Know to File on Time](https://xendoo.com/resources/april-15-tax-deadline-what-business-owners-need-to-know-to-file-on-time/): Client accounting services (CAS) offer comprehensive, ongoing financial support that goes beyond traditional bookkeeping. This resource explains what CAS includes, how it helps businesses with insights, reporting, and growth, and why many companies are choosing this model over periodic accounting. - [Bookkeeping vs. Accounting: What’s the Difference and Why It Matters for Your Business](https://xendoo.com/resources/bookkeeping-vs-accounting-whats-the-difference-and-why-it-matters-for-your-business/): Online stores face unique accounting challenges—from tracking marketplace payouts and fees to managing multi-channel sales and inventory data. This resource explains why organized financial systems are essential for accurate reporting, clearer margins, and scalable growth in eCommerce businesses. - [How Business Owners Should Separate Personal and Business Finances](https://xendoo.com/resources/how-business-owners-should-separate-personal-and-business-finances/): Online stores face unique accounting challenges—from tracking marketplace payouts and fees to managing multi-channel sales and inventory data. This resource explains why organized financial systems are essential for accurate reporting, clearer margins, and scalable growth in eCommerce businesses. - [What is Q2X?](https://xendoo.com/resources/what-is-q2x/): Online stores face unique accounting challenges—from tracking marketplace payouts and fees to managing multi-channel sales and inventory data. This resource explains why organized financial systems are essential for accurate reporting, clearer margins, and scalable growth in eCommerce businesses. - [Small Business Bookkeeping: A 2026 Guide For Business Owners](https://xendoo.com/resources/small-business-bookkeeping-a-2026-guide-for-business-owners/): A 2026 guide explaining the bookkeeping systems, reporting practices, and financial habits small business owners need to keep their books accurate and organized. - [eCommerce Accounting Challenges: Why Online Stores Require Organized Financial Systems](https://xendoo.com/resources/ecommerce-accounting-challenges-why-online-stores-require-organized-financial-systems/): Online stores face unique accounting challenges—from tracking marketplace payouts and fees to managing multi-channel sales and inventory data. This resource explains why organized financial systems are essential for accurate reporting, clearer margins, and scalable growth in eCommerce businesses. - [Cash Flow vs Profit: Why Profitable Businesses Still Run Out of Money](https://xendoo.com/resources/cash-flow-vs-profit-why-profitable-businesses-still-run-out-of-money/): Discover why profitable businesses can still run out of money and how understanding cash flow vs profit helps prevent financial surprises. - [Ditch the DIY Bookkeeping: The Importance of Outsourced Bookkeeping ](https://xendoo.com/resources/ditch-the-diy-bookkeeping-the-importance-of-outsourced-bookkeeping/): Learn why growing businesses move from DIY bookkeeping to outsourced bookkeeping for accuracy, financial clarity, and time savings. - [Why Deferred Revenue Is Not Profit (and Why Founders Misread It)](https://xendoo.com/resources/why-deferred-revenue-is-not-profit-and-why-founders-misread-it/): Deferred revenue can easily be misread as profit, but it represents cash received for services not yet earned. This resource explains the accounting principles behind deferred revenue, why it isn’t profit, and how founders can interpret it correctly within financial statements and growth planning. - [Partner Botkeeper](https://xendoo.com/botkeeper/): Xendoo acquires Botkeeper, combining AI-powered automation with expert oversight to deliver smarter, scalable bookkeeping for growing businesses. - [When Should a Business Move to Client Accounting Services (CAS)?](https://xendoo.com/resources/when-should-a-business-move-to-client-accounting-services-cas/): Wondering when your business should adopt client accounting services (CAS)? This guide breaks down key signs such as growth complexity, frequent reporting needs, and internal capacity limits. - [What Are Client Accounting Services (CAS)?](https://xendoo.com/resources/what-are-client-accounting-services-cas/): Client accounting services (CAS) offer comprehensive, ongoing financial support that goes beyond traditional bookkeeping. This resource explains what CAS includes, how it helps businesses with insights, reporting, and growth, and why many companies are choosing this model over periodic accounting. - [What Small Businesses Should Know Before the April 15 Tax Deadline](https://xendoo.com/resources/what-small-businesses-should-know-before-the-april-15-tax-deadline/): Xendoo offers tailored bookkeeping services designed for small business success — combining automation with expert accountants to deliver accurate, reconciled financials, clear reporting, and scalable support. - [Why Is Xendoo the Best Bookkeeping Service for Small Businesses?](https://xendoo.com/resources/why-is-xendoo-the-best-bookkeeping-service-for-small-businesses/): Xendoo offers tailored bookkeeping services designed for small business success — combining automation with expert accountants to deliver accurate, reconciled financials, clear reporting, and scalable support. - [What Expenses Trigger IRS Audit Risk for Small Businesses?](https://xendoo.com/resources/what-expenses-trigger-irs-audit-risk-for-small-businesses/): Bookkeeping errors can skew financial statements, mislead investors, and reduce your business’s valuation. This resource explains how inaccurate books distort key metrics, why proper accounting matters for valuation, and how clean financials support confident decision-making and higher sale multiples. - [How Do Bookkeeping Errors Impact Business Valuation?](https://xendoo.com/resources/how-do-bookkeeping-errors-impact-business-valuation/): Bookkeeping errors can skew financial statements, mislead investors, and reduce your business’s valuation. This resource explains how inaccurate books distort key metrics, why proper accounting matters for valuation, and how clean financials support confident decision-making and higher sale multiples. - [Kick Off 2026 With AI Transformation In Your Business](https://xendoo.com/vjal/kick-off-2026-with-ai-transformation-in-your-business/): AI expert Aditya Berlia and serial entrepreneur Lil Roberts as they share the framework for a successful 2026 AI Integrations and practices - [How Do Amazon Fees Affect My Profit?](https://xendoo.com/resources/how-do-amazon-fees-affect-my-profit/): Learn how Amazon marketplace fees like FBA and referral charges impact your profit and why reconciling them accurately matters for true financial clarity. - [Why Do Shopify Sellers Need Bookkeeping?](https://xendoo.com/resources/why-do-shopify-sellers-need-bookkeeping/): Learn why Shopify sellers need accurate bookkeeping to reconcile payouts, track fees and refunds, and maintain reliable financials as their business scales. - [Xendoo Partners With A2X to Deliver Accurate eCommerce Accounting at Scale](https://xendoo.com/resources/xendoo-partners-with-a2x-to-deliver-accurate-ecommerce-accounting-at-scale/): Discover how Xendoo’s partnership with A2X delivers accurate, scalable eCommerce accounting by translating complex marketplace payouts into clean, reconciled financials. - [Xendoo vs Traditional Accountant](https://xendoo.com/resources/xendoo-vs-traditional-accountant/): Xendoo provides continuous financial visibility through a live dashboard and structured monthly communication, while traditional accountants typically deliver delayed, static reports after month-end. - [What Is Catch-Up Bookkeeping?](https://xendoo.com/resources/what-is-catch-up-bookkeeping/): Catch-up bookkeeping is the process of bringing your financial records up to date after they’ve fallen behind. It involves reviewing past transactions, entering missing data, and reconciling accounts so your books accurately reflect your business’s financial activity. - [What do I Need to Get a Business Loan?](https://xendoo.com/resources/what-do-i-need-to-get-a-business-loan/): To get approved for a business loan, lenders want to see that your business is financially healthy and ready to repay what you borrow. That usually means having accurate, up-to-date financials, a clear reason for the loan, and a strong picture of your cash flow. - [Bookkeeping Resources](https://xendoo.com/bookkeeping-resources/): Explore bookkeeping resources to help small businesses stay organized, track finances, and maintain accurate financial records. - [Xendoo Bookkeeping Services Overview](https://xendoo.com/resources/xendoo-bookkeeping-services-overview/): Xendoo provides professional bookkeeping services, including monthly reconciliations, catch-up bookkeeping, and accurate financial reports for growing businesses. - [What Does a Bookkeeper Do for a Small Business?](https://xendoo.com/resources/what-does-a-bookkeeper-do-for-a-small-business/): A bookkeeper records, categorizes, and reconciles financial transactions so small businesses can trust reports, manage cash flow, and prepare taxes. - [2026 Founders Checklist](https://xendoo.com/2025-founders-checklist/): Download the CEO & Founders Tax Checklist to stay organized, hit every deadline, and uncover opportunities to maximize tax savings. - [Building an AI Empowered Workforce](https://xendoo.com/vjal/building-an-ai-empowered-workforce/): AI expert Aditya Berlia and serial entrepreneur Lil Roberts as they share the framework for a successful company-wide AI rollout. - [Locksmith Key Innovations](https://xendoo.com/locksmith-key-innovations/): We’re proud to be working alongside Locksmith Key Innovations, a trusted name in locksmith and key programming solutions. - [Thank You Meeting](https://xendoo.com/thank-you-meeting/): Thank you We have received your submission. We look forward to hearing more about your business. - [Lets Get Started](https://xendoo.com/lets-get-started/): Send us your information so we can schedule a call with you and learn more about your business. - [Xero & Xendoo Partnership](https://xendoo.com/xero-partners/): Xendoo partners with Xero to offer business owners a personalized setup experience. Xendoo is Xero's partner of the year. - [Gusto Offer](https://xendoo.com/gusto-offer/): Gusto payroll made easy. Run payroll, manage benefits, and handle taxes automatically with seamless accounting support from Xendoo. - [Xero Set Up By Xendoo Options](https://xendoo.com/xero-xendoo/): Xendoo partners with Xero to offer business owners a personalized setup experience for their Xero account. - [Xendoo vs Bench](https://xendoo.com/xendoo-vs-bench/): The right bookkeeping service is key to your success — it’s all about finding the perfect balance of service and software. - [Xero Partner 2025](https://xendoo.com/xero-partner-2025/): Xendoo is proud to be named Xero’s 2025 National Partner of the Year, recognizing our innovation and commitment to helping small businesses thrive. - [Labor Day 2025](https://xendoo.com/labor-day-2025/): This Labor Day, we celebrate the entrepreneurs, teams, and dreamers who keep small businesses moving forward - [Xero Concierge](https://xendoo.com/xero-concierge/): Xendoo partners with Xero to provide business owners a personalized setup experience for their Xero account. - [Financial Reports](https://xendoo.com/financial-reports/): Xendoo delivers monthly profit & loss statements, balance sheets, and mobile access so you can make informed decisions faster. - [Tax Returns](https://xendoo.com/tax-returns/): Get small business tax returns done right. Reliable CPAs, tailored support, year-round filing & tax savings by Xendoo. - [Partner Template – Bill.com](https://xendoo.com/partners-bill/): Simplify bill pay and invoicing with Bill.com — save time, automate approvals, and improve cash flow, fully integrated with your accounting. - [Partner Template – Ramp](https://xendoo.com/partners-ramp/): Gain financial control with Ramp + Xendoo: corporate cards, spend tracking, vendor payments & a $500 bonus for Xendoo customers. - [Partner Template – Fyle](https://xendoo.com/partners-fyle/): Fyle simplifies expense tracking and approvals, integrates with your tools, and gives your business real-time visibility into spending. - [Online Bookkeeper Near Me](https://xendoo.com/online-bookkeeper-near-me/): xendoo provides online bookkeeping and tax preparation services for small businesses. Check out our monthly packages for weekly bookkeeping and accounting. - [Tax Consulting](https://xendoo.com/tax-consulting/): Xendoo delivers expert tax consulting for small businesses with CPA-backed support, proactive tax planning, and strategies to save money. - [Xero Accounting Software Features](https://xendoo.com/xero-accounting-software-features/): Learn how to pay supplier bills by check from your base currency bank account. Create a PDF to print your checks, or export to VersaCheck, print from there, and more. - [Small Business Defined Resources](https://xendoo.com/small-business-defined-resources/): Find small business resources with Xendoo. Free guides, accounting tips, and bookkeeping tools to help you save time and grow your business. - [Small Business Loans](https://xendoo.com/small-business-loans/): Xendoo’s Rapid Response team catches up your books, creates clean financial statements & cash flow reports lenders trust. - [Beauty and Wellness – Industry Page](https://xendoo.com/beauty-and-wellness-industry-page/): Xendoo helps beauty and wellness businesses stay profitable with expert bookkeeping, tax services, and clear financial insights. - [Restaurant Accounting](https://xendoo.com/restaurant-accounting/): Expert restaurant accounting: weekly reconciliations, monthly reports, and CPAs to help you cut costs and grow profits. - [Real Estate Professionals](https://xendoo.com/real-estate-professionals-bookkeeping/): Xendoo provides bookkeeping and accounting for real estate professionals with CPA-backed support, flat-rate pricing, and accurate financials. - [Accounting For Hair Salons](https://xendoo.com/accounting-for-hair-salons/): Accounting for hair salons made easy. Xendoo delivers CPA expertise, flat-rate pricing, and seamless QuickBooks & Xero support for salon businesses. - [Partner Template – Boundless](https://xendoo.com/partners-boundless/): Boundless AI helps SMBs secure fast, non-dilutive funding — from $3K–$300M — through 150+ lenders, with approvals in as little as 24 hours. - [Burn Rate](https://xendoo.com/calculators/burn-rate/): Effortlessly calculate your startup's burn rate with xendoo's free Burn Rate Calculator. Gain insights and manage your cash runway effectively. - [Profit Margin Calculator](https://xendoo.com/calculators/profit-margin/): Maximize profitability with xendoo's Profit Margin Calculator. Easily determine revenue and profit margins to enhance your financial strategy. - [Schedule a Call Embed](https://xendoo.com/schedule-a-call/): Schedule a call with us. We want to learn more about your business and see if you're the right fit for xendoo. - [Client Referral Program](https://xendoo.com/client-referral/): Does a small business in your network need an accounting service? Earn $250 for every client your refer to xendoo with our referral program. - [Ramp Partner Page](https://xendoo.com/ramp-partner-page/): Boost your business with Ramp’s financial tools and Xendoo’s expert bookkeeping — a partnership designed for growth and success. - [ADP](https://xendoo.com/partners-adp/): Discover the benefits of ADP integration for payroll and HR management. Simplify your processes with ADP's solutions. - [Careers](https://xendoo.com/careers-join-the-xendoo-team/): Join Xendoo, a fast-growing South Florida tech startup. We’re hiring talented team members to help small businesses grow and succeed. - [Finance, Accounting, and Tax Resources for Businesses](https://xendoo.com/finances-for-small-business/): Calculators, ebooks, and more resources to learn about finance, accounting, bookkeeping, and taxes for small businesses. - [Press Releases](https://xendoo.com/press-releases/): xendoo® Press Releases. Get the latest xendoo press releases and up-to-the minute announcements. See today’s news. - [Power of 3](https://xendoo.com/calculators/power-of-3/): Discover how the Power of 3 Calculator by xendoo can transform your retail or service-based business. Optimize product strategy for growth. - [Call Me Back](https://xendoo.com/call-me-back/): xendoo will call you back at your convenience. We want to learn more about your business and see if you're the right fit for xendoo. - [Partner Template – Stripe](https://xendoo.com/partners-stripe/): xendoo partners with online payment tool Stripe, so small business owners can scale their business like never before. - [Partner Template – A2X](https://xendoo.com/partners-a2x/): A2X, a xendoo partner, automates eCommerce accounting. Gather your Shopify and Amazon financials in one place. - [Partner Template – Xero](https://xendoo.com/partners-xero/): Get a subscription to online accounting software Xero when you purchase a xendoo plan. Manage invoicing, expense claims, and more! - [Partner Template – Quickbooks](https://xendoo.com/partners-quickbooks/): Learn how to get a QuickBooks Online subscription at a discounted rate with xendoo plans. - [Professional Articles](https://xendoo.com/professional-articles/): Professional Articles. Read Lil Roberts’ news articles, and practical articles applicable to the profession. See today’s news. - [Gusto Integration](https://xendoo.com/gusto-integration/): Trying to integrate your Gusto account with xendoo? Read our step-by-step guide to learn how to sync Gusto payroll with xendoo. - [Bookkeeping in my area](https://xendoo.com/online-bookkeeper-in-my-area/): Our online bookkeeping services keep you informed with an easy-access dashboard that shows business trends over time. - [Bookkeeping in West Palm Beach](https://xendoo.com/west-palm-beach-bookkeeping/): West Palm Beach bookkeeping and accounting made easy. Xendoo offers CPA expertise, flat-rate pricing, and seamless QuickBooks & Xero support. - [Bookkeeping in Tampa](https://xendoo.com/tampa-bookkeeping/): Tampa bookkeeping and accounting made easy. Xendoo delivers CPA-backed support and flat-rate pricing for small businesses. - [Bookkeeping in Seattle](https://xendoo.com/seattle-bookkeeping/): Looking for bookkeeping in Seattle? Xendoo offers CPA expertise, flat-rate pricing, and accurate books with QuickBooks & Xero support. - [Bookkeeping in San Jose](https://xendoo.com/san-jose-bookkeeping/): San Jose bookkeeping and accounting made easy. Xendoo delivers CPA-backed support, flat-rate pricing, and QuickBooks & Xero services. - [Bookkeeping in San Francisco](https://xendoo.com/san-francisco-bookkeeping/): San Francisco bookkeeping and accounting made easy. Xendoo delivers CPA-backed support, flat-rate pricing, and QuickBooks & Xero services. - [Bookkeeping in San Diego](https://xendoo.com/san-diego-bookkeeping/): Online tax preparation services and monthly bookkeeping for San Diego small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Salt Lake City](https://xendoo.com/salt-lake-city-bookkeeping/): Salt Lake City bookkeeping and accounting made easy. Xendoo’s CPAs deliver expert support, flat-rate pricing, and QuickBooks & Xero services. - [Bookkeeping in Portland](https://xendoo.com/portland-bookkeeping/): Portland bookkeeping and accounting made easy. Xendoo’s CPAs deliver expert support, flat-rate pricing, and QuickBooks & Xero services. - [Bookkeeping in Phoenix](https://xendoo.com/phoenix-bookkeeping/): Online tax preparation services and monthly bookkeeping for Phoenix small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Philadelphia](https://xendoo.com/philadelphia-bookkeeping/): Online tax preparation services and monthly bookkeeping for Philadelphia small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Orlando](https://xendoo.com/orlando-bookkeeping/): Looking for bookkeeping and accounting in Orlando? Xendoo offers CPA expertise, flat-rate pricing, and accurate books for small businesses. - [Bookkeeping in Naples](https://xendoo.com/naples-bookkeeping/): Naples FL bookkeeping made easy. Xendoo offers CPA-backed support, flat-rate pricing, and QuickBooks & Xero services for growing businesses. - [Bookkeeping in Jacksonville](https://xendoo.com/jacksonville-bookkeeping/): Online tax preparation services and monthly bookkeeping for Jacksonville small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Indianapolis](https://xendoo.com/indianapolis-bookkeeping/): Looking for bookkeeping in Indianapolis? Xendoo delivers expert CPAs, U.S.-based bookkeepers, and flat-rate pricing for small business success. - [Bookkeeping in Fort Lauderdale](https://xendoo.com/fort-lauderdale-bookkeeping/): Bookkeeping Fort Lauderdale FL made simple. Xendoo offers CPA-backed tax prep, flat-rate pricing, and seamless QuickBooks & Xero integration. - [Bookkeeping in Dallas](https://xendoo.com/dallas-bookkeeping/): Expert bookkeeping Dallas services. Xendoo helps small businesses stay organized, save time, and grow with stress-free bookkeeping support. - [Bookkeeping in Columbus](https://xendoo.com/columbus-bookkeeping/): Expert bookkeeping Columbus Ohio. Xendoo helps small businesses stay accurate, save time, and focus on growth with stress-free support. - [Bookkeeping in Chicago](https://xendoo.com/chicago-bookkeeping/): Online tax preparation services and monthly bookkeeping for Chicago small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Buffalo](https://xendoo.com/buffalo-bookkeeping/): Online tax preparation services and monthly bookkeeping for Buffalo small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Boston](https://xendoo.com/boston-bookkeeping/): Expert bookkeeping Boston MA. Xendoo helps small businesses stay organized, save time, and grow with stress-free support. - [Bookkeeping in Baltimore](https://xendoo.com/baltimore-bookkeeping/): Online tax preparation services and monthly bookkeeping for Baltimore small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Boca Raton](https://xendoo.com/boca-raton-bookkeeping/): Affordable bookkeeping Boca Raton small businesses can count on. Xendoo makes managing your finances simple, accurate, and stress-free. - [Bookkeeping in Gainesville](https://xendoo.com/gainesville-bookkeeping/): Gainesville bookkeeping made simple. Xendoo delivers expert CPAs, flat-rate pricing, and QuickBooks & Xero support for small businesses. - [Bookkeeping in Denver](https://xendoo.com/denver-bookkeeping/): Looking for bookkeeping in Denver? Xendoo delivers expert CPAs, U.S.-based bookkeepers, flat-rate pricing, and QuickBooks & Xero integration. - [Bookkeeping in Lenexa](https://xendoo.com/lenexa-bookkeeping/): Xendoo offers accounting and bookkeeping services in Lenexa KS. Get CPA-backed support, flat-rate pricing, and QuickBooks & Xero integration. - [Bookkeeping in Nashville](https://xendoo.com/nashville-bookkeeping/): Online tax preparation services and monthly bookkeeping for Nashville small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Los Angeles](https://xendoo.com/los-angeles-bookkeeping/): Online tax preparation services and monthly bookkeeping for Los Angeles small businesses. CPA tax consulting and tax planning also available. - [Bookkeeping in Austin](https://xendoo.com/austin-bookkeeping/): Expert Austin bookkeeping services for small businesses. Save time and grow with Xendoo’s reliable bookkeeping support. - [Bookkeeping in Houston](https://xendoo.com/houston-bookkeeping/): Xendoo loves Houston Bookkeeping for small business! We use real people to keep your books accurate and up-to-date. Get your one month trail. - [Bookkeeping in New York](https://xendoo.com/new-york-bookkeeping/): Looking for bookkeeping in New York? Xendoo offers CPA expertise, flat-rate pricing, and accurate books with QuickBooks & Xero support. - [Bookkeeping in Miami](https://xendoo.com/miami-bookkeeping/): Online tax preparation services and monthly bookkeeping for Miami small businesses. CPA tax consulting and tax planning also available. - [Xendoo vs 1-800Accountant](https://xendoo.com/xendoo-vs-1-800accountant/): Choosing the right bookkeeping service is foundational to your business. It’s important to find the right balance of service and software. - [Bookkeeping in Atlanta](https://xendoo.com/atlanta-bookkeeping/): Online tax preparation services and monthly bookkeeping for Atlanta small businesses. CPA tax consulting and tax planning also available. - [Gusto](https://xendoo.com/partners-gusto/): “Run payroll, manage benefits, and handle taxes with Gusto — all synced with Xendoo’s seamless accounting support.” - [Bookkeeping for Franchisors](https://xendoo.com/bookkeeping-for-franchisors/): Empower your franchise with xendoo's expert bookkeeping services. Our team specializes in franchisor accounting, ensuring precision and growth. - [Florida Online Bookkeeping Services](https://xendoo.com/florida-online-bookkeeping-services/): Online tax preparation services and monthly bookkeeping for Florida small businesses. CPA tax consulting and tax planning are also available. - [Writing Checks Out of Xero](https://xendoo.com/writing-checks-out-of-xero/): Pay supplier bills by check from your bank account. Create a PDF to print, or export to VersaCheck and handle payments with ease. - [Xero Projects Accounting Software](https://xendoo.com/xero-projects-accounting-software/): A mobile-friendly project management tool for small businesses. Track time and money spent on each job with this real-time Xero feature. - [Cookie Notice](https://xendoo.com/cookie-notice/): This notice is to explain xendoo’s use of cookie technology. We talk about what cookies are, what cookies we use, and why we use them. - [Amazon Bookkeeping and Accounting](https://xendoo.com/amazon-bookkeeping-accounting/): Scale your Amazon business with Xendoo’s tailored bookkeeping and CPA support, designed to streamline your finances. - [Referral Program](https://xendoo.com/referral-program/): Refer small businesses to Xendoo and earn cash for every client you send our way. - [Terms & Conditions](https://xendoo.com/terms-and-conditions/): We are committed to our users’ rights to privacy. See the steps we take to ensure your privacy and protection with xendoo. - [Online Bookkeeping Features](https://xendoo.com/online-bookkeeping-features/): Simplify finances with Xendoo’s online bookkeeping for small businesses — weekly updates, monthly reports, and tax prep. - [Blog](https://xendoo.com/blog/): Resources for companies and teams to stay ahead on bookkeeping and taxes. Get small business accounting tips and insights from Xendoo. - [Privacy Policy](https://xendoo.com/privacy-policy/): Review Xendoo’s privacy policy: how we collect, use & protect your data, your cookie choices, and your rights under CCPA. ## Posts - [The Mid-Year Financial Checklist Every Business Owner Should Complete](https://xendoo.com/blog/the-mid-year-financial-checklist-every-business-owner-should-complete/): Half the year is behind you. Now is the time to evaluate your financial performance, identify opportunities, and make adjustments before year-end. Many business owners don’t review their numbers until tax season. By then, opportunities to improve profitability, reduce taxes, and strengthen cash flow may already be gone. A mid-year financial checklist and review helps… - [How Multi-Unit Franchise Owners Can Standardize Their Financial Back Office Before Growth Creates Chaos](https://xendoo.com/blog/how-multi-unit-franchise-owners-can-standardize-their-financial-back-office-before-growth-creates-chaos/): As franchise owners expand into multiple locations, operational complexity grows quickly. What worked when managing one location often becomes inefficient at five, ten, or twenty. Many multi-unit franchisees find themselves facing a common challenge: every location is generating financial data, but no one is looking at it the same way. Bookkeeping processes vary. Reports look… - [Why ChatGPT, Claude, Gemini, and Other AIs in Accounting Still Fall Short](https://xendoo.com/blog/ai-in-accounting/): Artificial intelligence has changed how businesses operate. Tools like OpenAI, Anthropic, and Google can summarize documents, generate reports, analyze trends, and answer complex questions in seconds. Many business owners are now asking a bigger question: Can large language models handle bookkeeping and accounting too and is AI in accounting accurate? The answer is more complicated… - [Big News for Small Businesses: SBA Doubles Loan Limits to $10 Million](https://xendoo.com/blog/big-news-for-small-businesses-sba-doubles-loan-limits-to-10-million/): At Xendoo, our mission is to give small business owners the financial clarity and speed they need to scale. That’s why we’re excited to share a major update from the U.S. Small Business Administration (SBA) that could change the trajectory of your growth strategy. Starting July 4, 2026, the SBA is doubling its cumulative loan… - [The Importance of Unified Franchise Financial Reporting](https://xendoo.com/blog/the-importance-of-unified-franchise-financial-reporting/): As franchise systems grow, financial complexity grows with them. One location may be operating efficiently with strong margins and controlled labor costs. Another location across the same franchise network may be overspending on inventory, carrying higher supply costs, or struggling with profitability. Without strong franchise financial reporting, those differences often remain hidden. Many franchisors receive… - [Why Strong Revenue Alone Does Not Guarantee a Small Business Loan](https://xendoo.com/blog/why-strong-revenue-does-not-guarantee-a-small-business-loan/): Many business owners assume that strong revenue automatically improves their chances of securing financing. Revenue helps open the conversation, but lenders look much deeper before approving funding. A business can generate significant sales and still face delays, reduced approvals, or additional underwriting requests due to inconsistent financial reporting, outdated books, or unclear cash flow visibility.… - [What Business Owners Should Review Before the June 15 Estimated Tax Deadline](https://xendoo.com/blog/june-15-estimated-tax-deadline/): Many business owners close out Q1 feeling strong about revenue growth, customer demand, and overall momentum inside the business. Then June arrives. A large estimated tax payment appears. Cash flow tightens. Business owners begin questioning where the money went despite strong sales earlier in the year. This happens more often than most people realize. Profit… - [Section 199A Deduction: What It Is, Who Qualifies, and How to Maximize It](https://xendoo.com/blog/section-199a-deduction/): Section 199A reduces taxable income for many business owners. It rewards how your business is structured, how your income is reported, and how your numbers are maintained. - [FDD Item 19 + Joint Employer: Importance For Franchisors To Gain Financial and HR/Payroll Visibility Across Their Network](https://xendoo.com/blog/fdd-item-19-joint-employer-importance-for-franchisors-to-gain-financial-and-hr-payroll-visibility-across-their-network/): As franchise systems grow, financial reporting and workforce oversight become harder to manage across the network. Each franchise location often operates with different accounting practices, payroll systems, reporting structures, and expense categorizations. Over time, this creates inconsistent financial data that limits visibility at the franchisor level. These reporting gaps create real operational challenges. Financial reports… - [Timing Decisions In Business That Quietly Shape Performance](https://xendoo.com/blog/timing-decisions-in-business-that-quietly-shape-performance/): Every business tracks revenue and expenses. Fewer track when those numbers move. Timing drives outcomes, cash flow, tax position, hiring pace, inventory levels, and loan readiness. Two businesses can post the same annual profit. One builds momentum. The other feels constant pressure. The difference comes down to the timing of decision-making in business throughout the… - [Where Profit Slips: How to Control Costs and Protect Margins](https://xendoo.com/blog/where-profit-slips/): Strong vendor relationships protect margins. - [The Financial Reports Every Business Owner Should Review Monthly](https://xendoo.com/blog/the-financial-reports-every-business-owner-should-review-monthly/): Financial decisions rely on what your numbers show. - [Why Profitable Businesses Still Run Out of Cash — Profit vs Cash Flow](https://xendoo.com/blog/why-profitable-businesses-still-run-out-of-cash-and-how-to-stop-it-2/): Profit shows performance.Cash determines survival. - [Why Florida Is Emerging as a New Hub for U.S. Businesses](https://xendoo.com/blog/why-florida-is-emerging-as-a-new-hub-for-us-businesses/): Florida does not impose a state income tax on individuals. - [How Organized Bookkeeping Simplifies Tax Season](https://xendoo.com/blog/how-organized-bookkeeping-simplifies-tax-season/): Tax season highlights the quality of a business’s financial records. Every deduction, revenue figure, and tax calculation depends on the accuracy of the company’s books. When bookkeeping stays organized throughout the year, tax preparation becomes a structured process instead of a last-minute effort to track down missing information. - [Why AI Is Reshaping Accounting — and How Xendoo Is Leading the Shift](https://xendoo.com/blog/why-ai-is-reshaping-accounting-and-how-xendoo-is-leading-the-shift/): Artificial intelligence has moved beyond experimentation and into the operational core of modern businesses. Companies are no longer asking whether AI belongs in their workflows. They are evaluating how deeply it should be integrated. - [Why Accurate Bookkeeping Across Franchisees Is Critical for Franchisors](https://xendoo.com/blog/why-accurate-bookkeeping-across-franchisees-is-critical-for-franchisors/): Franchise systems depend on financial consistency. Every franchisee operates under the same brand, pricing model, operational framework, and unit economics. However, without standardized and accurate bookkeeping across locations, franchisors lose visibility into system performance, unit economics, and financial benchmarks. - [Client Accounting Services vs Traditional Accounting](https://xendoo.com/blog/client-accounting-services-vs-traditional-accounting/): Accounting is a core part of running a business. - [How to Get Your SaaS Books Investor-Ready](https://xendoo.com/blog/how-to-get-your-saas-books-investor-ready/): SaaS businesses operate in one of the most capital-driven growth environments in modern business. Whether pursuing venture capital, private equity investment, acquisition, or debt financing, financial clarity determines how investors evaluate risk, growth potential, and long-term scalability. - [Why SaaS Businesses Are Switching to Remote Bookkeeping](https://xendoo.com/blog/why-saas-businesses-are-switching-to-remote-bookkeeping/): For many SaaS businesses, bookkeeping starts as an internal task. - [1099 Filing Requirements for the 2026 Tax Season: What Small Businesses & Contractors Need to Know](https://xendoo.com/blog/1099-filing-requirements-for-the-2026-tax-season-what-small-businesses-contractors-need-to-know/): The 2026 tax season is here, and that means it’s time for businesses and self-employed individuals to make sure they understand their 1099 filing obligations. Whether you hire independent contractors, pay rent, or make miscellaneous business-related payments, certain 1099 forms must be filed both with the IRS and with the recipients. Meet those deadlines and thresholds to stay compliant and avoid penalties. - [What eCommerce Sellers Should Expect From Their Accountant](https://xendoo.com/blog/what-ecommerce-sellers-should-expect-from-their-accountant/): As eCommerce businesses scale, growth often outpaces visibility. Sales increase, channels expand, and payouts accelerate, yet many business owners still lack a clear view of what is actually driving profit. - [Is Catch-Up Bookkeeping Necessary For Small Businesses in 2026?](https://xendoo.com/blog/is-catch-up-bookkeeping-necessary-for-small-businesses-in-2026/): Bookkeeping usually falls behind in small, quiet ways. A month is skipped. Reconciliations stop. Transactions pile up in uncategorized accounts. Reports still exist, but they stop being reviewed because they no longer feel dependable. - [Embedded Invoice Factoring: What “Get Paid Now” Really Means for Business Owners](https://xendoo.com/blog/embedded-invoice-factoring-what-get-paid-now-really-means-for-business-owners/): Across invoicing and payment platforms, business owners are increasingly seeing a simple prompt: - [Is It Time to Switch to an S Corp? ](https://xendoo.com/blog/is-it-time-to-switch-to-an-s-corp/): As businesses become more profitable, choosing the right tax structure becomes an important planning decision. This blog explains when electing S Corporation status makes sense, how it works, and why timing matters. It breaks down the potential tax benefits, eligibility considerations, and steps involved in making the switch, while emphasizing the importance of accurate bookkeeping and proactive tax planning.  - [Find These Tax Deductions Before You File Your 2025 Taxes](https://xendoo.com/blog/find-these-tax-deductions-before-you-file-your-2025-taxes/): As 2025 comes to a close, the window to reduce your tax bill is still open, but only if the right moves are made before filing season begins. The most impactful deductions are found and applied before year-end, not after returns are submitted. Identifying opportunities now gives business owners time to take action, clean up their books, and ensure every available deduction is captured before heading into 2026. - [How Do I Get My eCommerce Books Ready for Tax Season?](https://xendoo.com/blog/how-do-i-get-my-ecommerce-books-ready-for-tax-season/): To get your eCommerce books ready for tax season, make sure your numbers are accurate. Check your COGS, update your inventory, record all marketplace and processing fees, review shipping and fulfillment costs, and confirm every return and refund is in your books. Make sure your payroll, contractor payments, sales tax, and all accounts are fully reconciled. When these items are correct—and reviewed with the help of a CPA, your tax return will show your true profit and help you avoid overpaying when you file. - [What is the Best Accounting & HR Tech Stack for My eCommerce Business?](https://xendoo.com/blog/what-is-the-best-accounting-hr-tech-stack-for-my-ecommerce-business/): Today’s eCommerce businesses run on data, automation, and speed. Whether selling on Shopify, Amazon, or multiple online channels, success requires an accounting and HR stack built for modern online selling, avoiding manual or disconnected systems that slow businesses down. - [Don’t Miss These 3 Year-End Tax Moves for Your eCommerce Business Before 2026](https://xendoo.com/blog/dont-miss-these-3-year-end-tax-moves-for-your-ecommerce-business-before-2026/): Your tax outcome depends on the steps you take now. Reviewing expenses, managing inventory accurately, and keeping your books current can all reduce taxable income and strengthen cash flow. - [5 eCommerce Bookkeeping Tips to Stay Ahead During the Holiday Rush](https://xendoo.com/blog/5-ecommerce-bookkeeping-tips-to-stay-ahead-during-the-holiday-rush/): Q4 is usually the busiest and most profitable season for eCommerce, but it also brings higher sales volume, increased expenses, and more complex financial data. Strong eCommerce bookkeeping is essential during this time. Keeping accurate books, integrating your tech stack, recording expenses in real time, and analyzing holiday sales data help you stay tax-ready and make informed business decisions going into 2025. - [5 eCommerce Bookkeeping Mistakes To Avoid](https://xendoo.com/blog/5-ecommerce-bookkeeping-mistakes-to-avoid/): eCommerce bookkeeping moves fast: sales spike overnight, inventory turns quickly, and payment cycles vary by platform. In the rush to grow, bookkeeping often takes a back seat. But when books aren’t accurate, it leads to problems that directly affect profitability, cash flow, and tax compliance. Avoiding these eCommerce bookkeeping mistakes ensures owners can scale with confidence and make smarter decisions. - [FAFSA Small Business Exclusion 2026–2027: What Families Need to Know](https://xendoo.com/blog/fafsa-small-business-exclusion-2026/): The FAFSA Small Business Exclusion is back. Starting with the 2026–2027 FAFSA (available October 2025), qualifying family-owned businesses, farms, and fishing operations are excluded from asset reporting. This means the value of your business does not increase your Student Aid Index (SAI). - [Connecting Clean Books to Smarter Capital: The Xendoo + Boundless AI Partnership](https://xendoo.com/blog/connecting-clean-books-to-smarter-capital-the-xendoo-boundless-ai-partnership/): The new partnership between Xendoo and Boundless AI bridges the gap between clean, up-to-date books and smart, accessible funding. Business owners gain accurate financials, real-time insights, and priority access to over 150 trusted lenders, all in one place. Together, Xendoo and Boundless AI help small businesses stay organized, secure capital faster, and make confident decisions to fuel growth. - [5 Reasons Bookkeeping Services are Essential For Businesses in an Uncertain Economy](https://xendoo.com/blog/why-small-businesses-need-bookkeeping-services-in-a-changing-economy/): For many business owners, the economy feels uncertain. With unexpected market shifts, rising tariffs on outsourced goods, and steadily increasing costs, the path forward may feel uncertain. In moments like these, the pressure of every decision intensifies, yet the expectations remain. You are still expected to lead with confidence, adapt quickly, and keep the business afloat.  - [The Business Owner’s Guide to Paying Less in Taxes](https://xendoo.com/blog/why-business-tax-planning-matters-xendoo/): Welcome to the ultimate Business Owner’s Guide to Paying Less in Taxes. Many small business owners overpay in taxes simply because they miss out on deductions, tax credits, and strategic tax planning opportunities. Whether you’re a freelancer, eCommerce entrepreneur, or agency owner, this guide will help you understand how to legally lower your tax bill while keeping your financials in order. - [BBB + xendoo Webinar: Small Business Tax Write-Offs](https://xendoo.com/blog/bbb-webinar/): Our CEO and founder recently joined the Better Business Bureau (BBB) of South Florida for a webinar packed with practical accounting, bookkeeping, and small business tax write-off tips for small business owners. Whether you’re a startup, an e-commerce entrepreneur, or scaling your professional services, this webinar offers valuable financial advice to help you manage your business finances effectively. Below are some key highlights—but this is just the beginning. Watch the entire webinar for even more insights! - [Guide to Tracking and Maximizing Tax Write-Offs](https://xendoo.com/blog/tax-write-offs/): Tax write-offs are one of the most effective tools small business owners can use to reduce taxable income and keep more money in their business. But tracking and maximizing these deductions requires a strategic, year-round approach. This guide will help you understand tax write-offs, common mistakes, and practical strategies to ensure you’re not leaving money on the table. - [The Complete Breakdown of a Fractional CFO](https://xendoo.com/blog/fractional-cfo/): As your business grows, so do its financial complexities. You may find yourself needing more strategic financial guidance than a bookkeeper or accountant can provide but aren’t ready to hire a full-time Chief Financial Officer (CFO). This is where a fractional CFO can be the perfect solution. But what exactly is a fractional CFO, and how do you know if your business needs one? Let’s dive in. - [5 New Year’s Resolutions for Small Business Success in 2025](https://xendoo.com/blog/2025-business-success/): The beginning of a new year is a natural time for reflection and goal-setting, and this applies to businesses just as much as individuals. For small business owners, 2025 is full of opportunities to strengthen operations, build deeper customer connections, and achieve new milestones. To help you make the most of this year, here are five impactful small business resolutions designed to boost growth and efficiency while keeping your team and customers at the heart of everything you do. - [5 Key Strategies to Maximize Savings](https://xendoo.com/blog/save-on-2025-taxes-5-key-strategies/): When it comes to taxes, small business owners often think about planning in January. But waiting until the new year to act could mean missing out on critical opportunities to save on 2025 taxes. According to Louis Goldenberg, Director of Tax at xendoo, effective tax planning begins in 2024. Taking action before the year ends ensures you maximize deductions, reduce liabilities, and start 2025 on strong financial footing. - [Why You Should Schedule a Tax Planning Call for Your Business Now (And Not in January)](https://xendoo.com/blog/schedule-tax-planning-now/): As the year draws to a close, small business owners face countless priorities, from meeting financial goals to preparing for the new year. However, one task that shouldn’t be overlooked is tax planning. Schedule your tax planning call now to maximize year-end savings and avoid missing out on key opportunities to reduce tax liability. Proactive planning sets your business up for success when the new year begins. - [Preparing for Your Business Exit: A Strategic Guide](https://xendoo.com/blog/exit-planning/): Businesses can grow quickly, and when that happens, keeping your financials and data in order becomes crucial. Potential buyers want transparency and assurance that your business is running smoothly. That’s where exit planning comes in. By managing your business from day one as if you were going to sell it, you set yourself up for a smooth and profitable transition whenever the time comes. - [Mastering Your Shopify Accounting Challenges](https://xendoo.com/blog/shopify-challenges/): Running an eCommerce store on Shopify is exciting, but with growth comes responsibility—especially when it comes to accounting. Whether you’re tracking inventory, managing payments, or keeping up with tax requirements, staying on top of your finances can quickly become overwhelming. But with the right approach, you can simplify your Shopify accounting process and stay focused on growing your business. - [A Complete Guide to Reading Financial Statements](https://xendoo.com/blog/reading-financial-statements/): With little experience in reading financial statements, this request makes you freeze in your tracks, uncertain of how to express the success of your growing business. - [Stay Ahead of the Curve: What the BOI Report and Corporate Transparency Act Means for Small Business Owners](https://xendoo.com/blog/the-corporate-transparency-act-and-fincen-what-small-business-needs-to-know/): Why the BOI Report Matters - [Why Your Business Needs xendoo](https://xendoo.com/blog/why-xendoo/): Having a reliable, flexible, and responsive accounting partner can make all the difference when managing your business finances. xendoo goes beyond just crunching numbers—our goal is to provide seamless, transparent bookkeeping services that adapt to your needs without locking you into rigid systems or long-term commitments. With our U.S.-based team, industry-leading software integrations, and a commitment to fast, personalized communication, xendoo stands out as the smarter choice for small business owners who want efficiency, control, and peace of mind in their financial operations. - [Cybersecurity 101 for Small Businesses: Essential Tips to Protect Your Data](https://xendoo.com/blog/cybersecurity101/): Cybersecurity 101 for Small Businesses: Essential Tips to Protect Your Data - [Leveraging Data to Make Informed Business Decisions: A Complete Guide for Small Business Owners](https://xendoo.com/blog/informed-business-decisions/): Data-driven decision-making is crucial for small businesses looking to grow and streamline operations. By leveraging data for small business growth, you can transform how you manage customer trends, sales, and finances. This guide will show you how to leverage data to grow your business, streamline operations, and stay ahead of the competition. - [5 Bookkeeping Tips for Small Businesses](https://xendoo.com/blog/5-bookkeeping-tips/): Financial forecasting is a vital aspect of running a successful small business. It involves predicting future financial performance based on historical data, current trends, and strategic plans. Effective forecasting relies on accurate bookkeeping and thoughtful analysis. Implementing these top five bookkeeping tips will help you enhance your financial forecasting, make informed decisions, and drive your business forward. - [7 Tax-Saving Hacks Every Business Owner Needs](https://xendoo.com/blog/7-tax-saving-hacks/): Maximizing tax savings is essential for any business aiming to optimize its financial health. By strategically leveraging tax-saving opportunities, you can reduce your taxable income, improve your cash flow, and allow you to reinvest in your business. Here are seven effective ways to enhance your tax savings: - [Gain Profitability & Boost Productivity: Professional Services](https://xendoo.com/blog/gain-profitability-and-boost-productivity/): In the world of professional services, time is money. Whether you’re a consultant, lawyer, accountant, marketer, or other service provider, your business revolves around selling your time and expertise. So, how can you increase profitability without simply raising your rates? The answer lies in optimizing how you use your time, enhancing productivity, and ensuring your pricing model aligns with your business goals and market standards. - [Lifestyle vs. Growth Business: What Sets Them Apart?](https://xendoo.com/blog/lifestyle-vs-growth/): As a business owner, one of the most crucial decisions you’ll make is choosing the type of business model that aligns with your personal and professional goals. Should you focus on creating a lifestyle business that offers a balanced work-life dynamic, or is your ambition geared towards a growth business that seeks rapid expansion and market dominance? Understanding the key differences between these two approaches can help you make an informed decision that suits your priorities and lifestyle. - [How to Know if Your Business is in the Right Century?](https://xendoo.com/blog/is-your-business-in-the-right-century/): The 21st century has brought rapid changes to how businesses operate, and your customers expect you to keep pace. But are your business operations meeting those expectations, or are you still operating with yesterday’s tools? Let’s explore your front and back offices to find out if you’re soaring with the times or lagging. - [Navigating the Essentials of Hiring and Utilizing Bookkeeping Services](https://xendoo.com/blog/navigating-the-essentials-of-hiring-and-utilizing-bookkeeping-services/): Bookkeeping is the cornerstone of a successful firm, ensuring compliance and financial stability crucial for growth. For small to medium-sized businesses (SMBs), maintaining accurate and timely financial records is not only a legal requirement but also a strategic necessity for future planning and informed decision-making. However, the complexity of accounting tasks, from tracking daily transactions to preparing detailed financial statements, can be overwhelming. This article will guide you through selecting a trustworthy bookkeeper and the qualities to look for to ensure they meet your business needs. - [10 Accounting Tips for Small Businesses to Keep the Books Balanced](https://xendoo.com/blog/10-accounting-tips-for-small-businesses-to-keep-the-books-balanced/): In the ever-evolving business landscape, small to medium-sized businesses (SMBs) are increasingly adopting innovative tools to streamline operations and enhance financial management. One crucial determinant of success for any SMB is how it handles its monthly finances. Good accounting practices not only conform a business to regulations but also create valuable information that can help the business grow. In this article, we provide 10 actionable accounting tips to help small businesses keep their books balanced and achieve financial stability. - [Mastering the Process of Finding the Right Bookkeeping and Accounting Support](https://xendoo.com/blog/mastering-the-process-of-finding-the-right-bookkeeping-and-accounting-support/): In the dynamic world of small and medium-sized businesses, flawless financial management is key to success. Effective accounting and bookkeeping can either bolster or undermine a company’s growth. For business owners looking to streamline their financial processes, securing the right support is crucial. This guide will walk you through the steps to find the best accounting and bookkeeping services for your business. - [7 Steps to An Easy Tax Time](https://xendoo.com/blog/7-steps-to-easy-tax-time/): As tax season approaches, getting your financial documents and records in order is crucial to ensure a smooth and accurate filing process. Here’s a step-by-step guide to help you prepare effectively: - [Turning Election Uncertainty into Opportunity](https://xendoo.com/blog/uncertainty-opportunity/): As the election cycle approaches, small business owners must take proactive steps to ensure their businesses remain resilient regardless of the outcome. While the election period can bring uncertainty, strategic planning and sound financial management can help you navigate it successfully. Here’s how small businesses can prepare for the upcoming election and thrive no matter which party comes into office. - [Thriving Through The Tech Waves: Small Business Transformation](https://xendoo.com/blog/small-business-transformation/): Technological advancements have continuously reshaped the business landscape, pushing industries into new realms of efficiency and innovation. Understanding these waves—each marked by distinct technological breakthroughs—is crucial for small businesses aiming to thrive in today's digital era. - [What Is a Fractional CFO, and Do I Need One?](https://xendoo.com/blog/what-is-a-fractional-cfo-and-do-i-need-one/): Successful small-to-medium-sized business operations depend heavily on efficient financial management in a changing environment. These businesses need highly skilled financial expertise because, as they expand, their financial requirements often become increasingly complicated. This is when the role of a fractional CFO becomes relevant. Fractional CFOs are becoming increasingly popular among entrepreneurs because they provide a flexible and affordable way to obtain the strategic financial advice necessary for expansion. This article aims to provide small and medium business owners with an understanding of fractional CFOs, their advantages, and the best ways to incorporate them into their operations. - [8 Tips To Unlocking Small Business Success](https://xendoo.com/blog/8-tips-to-unlocking-small-business-success/): Discover 8 key bookkeeping best-practices for small businesses—from systems to cash flow—to unlock real business success. - [Balancing Act: The Role of Bookkeeping in Scaling Your Business to New Heights](https://xendoo.com/blog/balancing-act-the-role-of-bookkeeping-in-scaling-your-business-to-new-heights/): As small and medium-sized businesses (SMBs) strive to grow and expand, precise financial management becomes increasingly critical. Among the myriad of tasks business owners juggle daily, bookkeeping stands out as a fundamental component that can significantly impact the company’s ability to scale. When done correctly, bookkeeping not only ensures compliance and financial stability but also provides the strategic insight needed to make informed decisions that propel your business to new heights. In this article, we explore the pivotal role of bookkeeping in business growth and offer practical tips on leveraging it to achieve scalability. - [Unlocking Business Potential: The Power of KPIs for Small and Medium Enterprise](https://xendoo.com/blog/small-business-kpis/): In the business landscape, It may be difficult to succeed in the ever-changing business world, particularly for small and medium-sized enterprises (SMEs). A well-defined strategy is crucial for these small enterprises, the backbone of our economy. However, these smaller companies often face significant challenges on the road to success due to limited resources and constant performance pressure. In this situation, Key Performance Indicators (KPIs) become indispensable tools, offering essential guidance amidst the daily hustle. - [How Small Businesses Can Benefit from Cloud Accounting](https://xendoo.com/blog/how-small-businesses-can-benefit-from-cloud-accounting/): In today's fast-paced business world, small to medium-sized businesses (SMBs) use innovative tools to streamline operations and improve financial management. Cloud-based accounting solutions are leading this shift, offering SMBs a way to simplify their processes and gain better financial insights. - [5 Reasons Catch-Up Bookkeeping Can Propel Your Start-up or Small Business](https://xendoo.com/blog/5-reasons-catch-up-bookkeeping-can-propel-your-start-up-or-small-business/): Managing finances can make a big difference in the success of start-ups and small businesses. Maintaining updated and accurate financial records is crucial for many financial management functions. Catch-up bookkeeping is a method for bringing your financial records up to date when they have become outdated. This catch-up bookkeeping is crucial for small business owners, especially those in the early stages, as it helps them achieve financial clarity, maximize tax deductions, and enhance financial management. This is where xendoo.com is helpful, as it provides a wide range of services curated according to the needs of small- to medium-sized enterprises. This article will highlight the five essential reasons why catch-up bookkeeping can drive a start-up or small business forward, allowing the owners to make informed decisions for long-term success. - [Financial Forecasting for Small Businesses: Gaining Control of Your Future](https://xendoo.com/blog/financial-forecasting-for-small-businesses/): In today's business landscape, small business owners face the challenge of navigating through financial uncertainties to secure a prosperous future for their enterprises. At the heart of this challenge lies the need for adequate financial forecasting. This tool goes beyond mere prediction as a strategic compass guiding businesses toward stability and growth. Recognizing this, xendoo strives to be an ally for small businesses, offering a comprehensive suite of financial tools and services designed to empower entrepreneurs. From advanced cloud-based accounting software and AI-driven analytics to personalized financial advisory services, xendoo equips small business owners with the resources to create precise financial forecasts, manage cash flow efficiently, and make informed decisions. - [From Startup to Success: How Proper Accounting Practices Fuel Business Growth](https://xendoo.com/blog/from-startup-to-success-how-proper-accounting-practices-fuel-business-growth/): It is exciting to start a business, but beyond having a great idea, one needs to work out many things as well. Small and medium-sized enterprises (SMEs) frequently need help shaping their brand in a constantly changing environment where invention, market comprehension, and efficient management are key factors. One crucial thing that may become a success or failure determiner for a startup is how it handles its financial affairs. Good accounting practices not only conform a business to regulations but also create valuable information that can grow the business. This article discusses how entrepreneurial accounting helps progress from a startup to success. - [The Backbone of Growth: Why Bookkeeping is Essential for Scaling Your Business](https://xendoo.com/blog/the-backbone-of-growth-why-bookkeeping-is-essential-for-scaling-your-business/): Small Business Owners are almost always forced to balance various aspects to ensure their operations run smoothly. Apart from taking care of day-to-day chores and making growth plans, business owners always have a lot on their plates. - [A Beginner’s Guide to LLC Taxation](https://xendoo.com/blog/a-beginners-guide-to-llc-taxation/): Understanding and making the most out of LLC tax could be challenging for most small to medium business owners. Taxation is a key component of any business's success, and understanding this subject could make a business more successful. Moreover, finding a reliable LLC tax accountant, how to go about filing LLC tax, how to maximize LLC tax benefits, or understanding the tax benefits of an LLC is part of a complex tax process that many small to medium business owners ought to know to help them navigate LLC taxation. Also, tax rates vary from state to state, so one must be aware of this fact to decide which state to register their LLC. Hence, this blog aims to demystify the LLC taxation process, providing a comprehensive overview of LLC taxation, the benefits involved, and how a partnership with a seasoned LLC tax accountant can be a game-changer for your business. - [The Simple Guide to Sales Tax for E-Commerce](https://xendoo.com/blog/the-simple-guide-to-sales-tax-for-ecommerce-sellers/): When most business owners think of tax, they think of their annual tax return due to the IRS. But the sales tax is a different animal altogether.  - [7 Last-Minute Tax Tips: Quick Actions Small Business Owners Can Take to Meet the April 15th Deadline](https://xendoo.com/blog/tax-deadline-tips-small-business/): As the April 15th tax deadline approaches, small business owners are on a tight schedule to get their financial books in order and finalize their tax filings. Timely tax preparation ensures compliance with the Internal Revenue Service (IRS) and can maximize potential tax savings. This becomes a critical period in business, and specific strategic actions must be taken so that small businesses remain compliant, maximize returns, and minimize liabilities when filing taxes. This article provides seven actionable tax tips to help small business owners navigate the crunch time effectively. - [Managing Financial Risk in Small Business](https://xendoo.com/blog/managing-financial-risk-in-small-business/): As a small business owner, understanding that financial risk management is essential to ensure the long-term success and sustainability of the business well into the future is paramount. By understanding and actively mitigating financial risks, businesses can safeguard their assets, maintain stability during economic fluctuations, and seize growth opportunities. Examples of financial risks, such as economic downturns and unexpected customer behaviors, among many others, can be most detrimental to the operation of a small business if not managed accordingly. Other necessities of financial risk management for a small business include its broader view concerning the potential dangers it may face in operation, particularly the threat of economic uncertainty, market volatility, natural disasters, operational risks, and unpredicted changes in customer demand. - [Debt Management Strategies for Small Businesses](https://xendoo.com/blog/debt-management-strategies-for-small-businesses/): From managing cash flow to securing funding, navigating financial obligations is a daily reality for small businesses in a rapidly evolving entrepreneurial ecosystem. From operational expenses to emergency bills, debt often piles up on even the best small ventures. A large part of business success is in the management of its finances. Debt management is essential in the operation of a successful small business. Putting the right strategies in place leads to ensured stability of financial matters, improved credit standing, and then subsequent sustainable operations. This article provides practical debt management strategies for small businesses, offering tips to tackle debt and transform it into a tool for financial stability and business growth. Understanding Debt - [10 Common Bookkeeping Roadblocks](https://xendoo.com/blog/10-common-bookkeeping-roadblocks/): Accurate financial records are the bedrock of stability and growth in the intricate web of business operations. Bookkeeping, a process encompassing the recording, organization, and categorization of financial transactions, is the cornerstone upon which informed decisions are made and regulatory compliance is upheld. Yet, amidst its critical significance, myriad challenges often obstruct the seamless execution of bookkeeping duties. In this blog post, we identify and dissect 10 prevalent bookkeeping roadblocks. - [Boost Profits With The Guide to e-Commerce Accounting](https://xendoo.com/blog/the-complete-guide-to-ecommerce-accounting/): Managing an eCommerce business extends beyond the simple transaction of goods online. Unlike traditional businesses, eCommerce accounting involves unique challenges, like managing inventory costs, tracking marketing spending across multiple channels, and dealing with complex tax regulations. These complexities can leave you needing help to make sense of your finances and unsure of your business's true performance. - [Real-time Bookkeeping and Accounting Tailored for Growing Businesses](https://xendoo.com/blog/real-time-bookkeeping-and-accounting-tailored-for-growing-businesses/): In today's rapidly evolving business environment, more than merely relying on innovation and agility is required to maintain a competitive edge; it necessitates real-time insights and data-driven decisions. Efficient bookkeeping and accounting are not mere administrative tasks for growing businesses but are strategic pillars for success. Real-time financial management empowers businesses to make informed decisions promptly, manage resources effectively, and adapt swiftly to market changes. By embracing real-time bookkeeping and accounting practices, businesses can comprehensively understand their financial health and position themselves for sustainable growth. Tailoring these practices to meet the specific needs of expanding enterprises further enhances their effectiveness, enabling businesses to navigate complexities and seize opportunities confidently. In this blog post, we delve into the significance of real-time financial management and explore how it can be customized to fuel the success of growing businesses. - [What Is Net Income Formula and How to Use It](https://xendoo.com/blog/net-income-formula/): The net income formula helps calculate the net income of either an individual or a business.  - [Tax Preparation for E-commerce Businesses](https://xendoo.com/blog/tax-preparation-for-e-commerce-businesses/): In the fast-paced world of e-commerce, success hinges on the quality of products and services and adept financial management. With tax season approaching, maintaining accurate financial records becomes imperative. With potentially complicated regulations and potential deductions, e-commerce entrepreneurs face unique challenges in tax preparation. This comprehensive guide aims to demystify the process, offering tailored insights and strategies to navigate the intricacies of tax compliance and optimization. From understanding the nuances of e-commerce taxation to harnessing technology for streamlined accounting, every aspect of tax preparation is explored to empower businesses to maximize their financial efficiency. As the digital marketplace continues to evolve, staying ahead demands a proactive approach to financial management, making this guide an indispensable resource for e-commerce ventures striving for sustained growth and success. - [7 Common Bookkeeping Mistakes (And How to Avoid Them)](https://xendoo.com/blog/common-bookkeeping-mistakes/): Running a small business means juggling lots at once, but quite possibly, the most important one is keeping meticulous financial records. Bookkeeping is an essential part of organized financial management and paves the way for the business to maneuver through the complications of financial control. However, with all these activities, the primary activity that usually goes unsung by an entrepreneur is bookkeeping. It is not just a recording of transactions but the creation of a system of openness and accountability towards finances. Without the right approach and right tools, however, of reliable accounting software such as Xero, QuickBooks, or is important and will turn cumbersome work into swift and effective procedures. These platforms help businesses with monotonous tasks,  keep a record of expenses easily, and help develop elaborative financial reports, which makes it like a roadmap for success for small businesses. - [Bookkeeping in the Digital Age: 10 Modern Solutions for Business Owners](https://xendoo.com/blog/bookkeeping-in-the-digital-age-10-modern-solutions-for-business-owners/): In today's fast-evolving business world, digitizing financial processes has become imperative for competitiveness and managing financial health. All the tools and approaches with modern technology presented for keeping books enable an owner of a business to make decisions well-informed. Here are ten tips and tactics for innovative digital bookkeeping strategies and insights on how xendoo will address your financial needs. - [Accrual vs Cash Basis Accounting: What is the Difference?](https://xendoo.com/blog/accrual-vs-cash-basis-accounting/): Being a business owner comes with dozens of decisions, one of which is your accounting method. Although there are a handful of accounting methods, most business owners choose between two primary types: cash and accrual. - [10 Tips and Strategies for Small Business Bookkeeping](https://xendoo.com/blog/10-tips-for-small-business-bookkeeping/): Running a small business comes with many responsibilities, but some of the most vital duties are keeping good and accurate records. Bookkeeping is such a critical function to keep the proper administration of business under control, and by adopting the right strategies, you can always ensure that things will be in order. Understanding the reasons for bookkeeping is essential as it provides a clear framework for the financial management of your business. - [Standing Out in a Crowded Market: How to Differentiate Your Business in a Competitive World](https://xendoo.com/blog/how-to-identify-your-business-differentiators/): Undoubtedly, part of owning a business is understanding that you may face high competition and crowded industries. Knowing how to make your business stand out and what sets it apart from the competition is vital to keep it from fading into the background. In other words, you need to know how to differentiate your business to sell. And once you figure that out, you've got to shout it from the rooftops. - [How to Prepare Your Business for Tax Time](https://xendoo.com/blog/business-tax-filing-guide/): To help business owners prepare their tax, we’ve prepared a business tax filing guide to walk you through the process. - [Funding for startups: A guide to getting capital for your business](https://xendoo.com/blog/funding-for-startups/): This article will dive into funding for startups of all sizes and stages and provide guidance on choosing the best option for you. - [Best business banks of 2023](https://xendoo.com/blog/best-business-banks/): We’ll compare the best business banks and their features to help you decide which options are right for you. Review each bank's rates and services to determine which suits your needs. - [8 Benefits of Online Bookkeeping](https://xendoo.com/blog/8-benefits-of-online-bookkeeping/): Today, we’ll take a closer look at the business benefits of online bookkeeping and see how these services can help you to get your head out of the books and back in the game. - [LLC vs. S corp: Which is right for your business and taxes? ](https://xendoo.com/blog/llc-vs-s-corp/): One of the most important decisions for business owners is which type of business entity to form. Your business structure impacts your tax savings, accounting practices, and how you pay yourself.  - [How far back can the IRS audit?](https://xendoo.com/blog/how-far-back-can-the-irs-audit/): Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? - [What happens if you miss the tax deadline?](https://xendoo.com/blog/what-happens-if-you-miss-tax-deadline/): There's a lot to keep track of when you run a business. Many business owners look at their calendars halfway through April and realize that they missed their tax deadline. If this happened to you, it’s not too late to take action. You might be wondering: What happens if you miss the tax deadline? - [What happens if you get audited and don’t have receipts?](https://xendoo.com/blog/irs-audit-no-receipts/): Most small businesses are unlikely to go through an IRS audit, but it’s possible.  - [How To Fill Out Form 1065](https://xendoo.com/blog/form-1065/): Form 1065 is the end-of-year tax form for small businesses that operate as partnerships. So if you registered your business entity as a partnership, you must file the form at the end of your company’s tax year.  - [5 Reasons You Shouldn’t Wait to Catch Up on Bookkeeping](https://xendoo.com/blog/reasons-for-catch-up-bookkeeping/): Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. Did you know 82% of small businesses fail due to cash flow management? Besides managing all aspects of the business, taking care of your books is crucial to achieving financial success while being tax ready all year round. - [General Business Credit (Form 3800): How To Fill it Out and Get Tax Credits](https://xendoo.com/blog/general-business-credit/): If you're claiming more than one business tax credit, you'll need to fill out Form 3800, also called the General Business Credit form. In this guide, we'll show how to file Form 3800, maximize your tax savings, and find out if any of the recent tax changes apply to you. - [Qualified business income deduction: What it is and how to claim it](https://xendoo.com/blog/qbi-deduction/): With the qualified business income deduction (QBI), small business owners and self-employed workers could deduct up to 20% of their taxable income. - [How to Lower Your Taxable Income and Pay Less in Taxes](https://xendoo.com/blog/how-to-pay-less-taxes/): If you're wondering how to pay less in taxes, you're not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes.  - [Business Tax Credits to Lower Your Tax Bill](https://xendoo.com/blog/business-tax-credits/): Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year.  - [What Happens if a Business Doesn’t File Taxes?](https://xendoo.com/blog/what-happens-if-you-dont-file-taxes/): As a business owner, you probably know that you should file taxes on time. However, if you’ve fallen behind on taxes, you’re not alone. Over 33% of Americans procrastinate doing taxes until the last minute. Reasons for procrastinating taxes vary. Some find it too time-consuming and stressful, while others worry if they are filing correctly.  - [Business Tax Rates: How Much Do Small Businesses Pay in Taxes?](https://xendoo.com/blog/small-business-tax-rate/): Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. - [Types Of Small Business Financing You Need To Know About](https://xendoo.com/blog/types-of-small-business-financing-you-need-to-know-about/): Small business financing is vital as it can make or break your business. When first starting, there are many factors that you need to consider, such as your business plan and your financing options. When creating your business plan, it should outline your goals and objectives to have a clear idea of how to implement your plan. It’s important to plan ahead so you don’t miss any crucial steps that will bring on more than necessary. In this blog post, we will help you navigate the different types of financial assistance options to give you more insight into what could be a good fit for you. - [Tax Form 1120 Guide: Everything Businesses Need to Know](https://xendoo.com/blog/form-1120/): Tax season can be difficult for business owners, and it's tough when you don't know what tax forms to fill out or how. If you have a domestic corporation, then you'll need to use the IRS Tax Form 1120. Corporations and LLCs that are taxed as corporations must use this form to report their income, tax deductions, and credits. - [Year-End Bookkeeping and Accounting Checklist for Small Business Owners](https://xendoo.com/blog/year-end-bookkeeping-and-accounting-checklist-for-small-business-owners/): The end of the year is a hectic time for small business owners. Between catching your breath after tax season and managing holiday sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list.  - [What Is Deferred Revenue? Journal Entry and Examples](https://xendoo.com/blog/deferred-revenue/): To record a deferred revenue journal entry, you first need to create a deferred revenue liability account. These accounts are generally current liabilities unless you expect the project to take several years. In that case, you would consider it a long-term liability. - [What Is Bank Reconciliation: Template and Step-By-Step Guide](https://xendoo.com/blog/what-is-bank-reconciliation/): Bank reconciliation may sound like a daunting task for a business owner, especially those without an accounting background. - [Straight-Line Depreciation Formula: How To Use and What It Means](https://xendoo.com/blog/straight-line-depreciation/): The straight-line depreciation formula is the simplest and most common way to calculate depreciation. In this article, we’ll go over the basics of depreciation and show you how to calculate it with the straight-line depreciation formula.  - [How Do You Pay Yourself From an LLC?](https://xendoo.com/blog/how-do-i-pay-myself-single-member-llc/): A common question that business owners ask is: How do you pay yourself? Depending on your business entity type, the question may be: How do you pay yourself from an LLC, sole proprietorship, S corps, or C corps?  - [How to Deduct Business Travel Expenses (Even Some Vacation)](https://xendoo.com/blog/how-to-turn-your-vacation-into-a-tax-write-off/): For the most part, business travel expenses are tax deductible, meaning that you could lower the amount of taxes you need to pay.  - [1099 Forms and Independent Contractors: A Guide](https://xendoo.com/blog/do-you-really-want-to-be-a-1099-independent-contractor-pros-and-cons/): Whether you are running your own freelancing business or are looking to hire an independent contractor for your company, you’ve probably heard of a 1099 form.  - [What Accounts Are Debit and Credit?](https://xendoo.com/blog/debits-and-credits/): Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. - [Small Business Owner’s Equity Guide](https://xendoo.com/blog/owners-equity/): If you're a small business owner, you know that keeping track of all the moving parts can be challenging. Most small business owners keep track of their profit and loss statement, but the owner's equity is equally important (and often overlooked).   - [How to Create an Effective Invoice and Get Paid Faster](https://xendoo.com/blog/how-to-write-an-effective-invoice-and-get-paid-faster/): Are you trying to figure out how to create an invoice? With about 61% of most payment delays being due to billing issues, you don't want to fall in the same pit as the rest. In fact, you want to get paid as soon as possible for the goods or services you provide. - [Cash vs. accrual accounting: Which is right for your business?](https://xendoo.com/blog/the-difference-cash-basis-accounting-vs-accrual-accounting/): In accounting, there are two primary methods—accrual and cash basis. The main difference between accrual vs. cash accounting is in how and when you record income and expenses in your books. Each accounting method has advantages and disadvantages.  - [How to Set Up Online Payroll for Your Small Business](https://xendoo.com/blog/online-payroll-for-your-small-business/): Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. It can be quite bureaucratic juggling all these forms—whether it’s a W-2, W-9, W-4, or something else—and by the end, you might not even know where to start.  - [How Much Does a Bookkeeper Cost?](https://xendoo.com/blog/bookkeeper-cost/): Running a small business is a big job and you may not have the time or experience to manage your own books. If you’re considering hiring an online bookkeeping service, one of the first things you’ll want to know is how much does a bookkeeper cost? Below is an overview of small business bookkeeping and how much it costs.  - [11 Best Receipt Apps For Businesses](https://xendoo.com/blog/best-receipt-apps/): Receipts play a surprisingly important role in running a business. Whether you track receipts to reimburse employee expenses or to prepare for a possible audit, you should keep track of them with one of these best receipt apps.  - [Bullet-Proof Your Accounts Payable with 3-Way Matching](https://xendoo.com/blog/bullet-proof-your-accounts-payable-with-3-way-matching/): The process of 3-way matching in accounts payable protects your business against incorrect or fraudulent invoices. It mitigates risks in your company's spending by making sure you don't overpay for services or fall for counterfeit invoices. - [Net Profit and Retained Earnings: What’s the Difference?](https://xendoo.com/blog/net-profit-and-retained-earnings-whats-the-difference/): Retained earnings are a key indicator of a company’s financial performance. Read on to learn about what they are, how to calculate them, prepare a retained earnings statement, and more.  - [A Guide to the Chart of Accounts With Examples](https://xendoo.com/blog/chart-of-accounts/): Every business should have a chart of accounts. If you’re wondering what exactly that is, we have you covered. We’ll explain everything you need to know and include an example chart of accounts below. - [Getting Paid 101: Accounts Payable and Accounts Receivable](https://xendoo.com/blog/getting-paid-101-accounts-receivable-for-small-business/): If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable.  - [What Is the Bad Debt Expense Formula?](https://xendoo.com/blog/bad-debt-expense-formula/): When a small business makes sales on credit, there’s a chance of having bad debt expenses. Most businesses use the bad debt expense formula to account for them.  - [What is a Balance Sheet vs. Income Statement?](https://xendoo.com/blog/balance-sheet-vs-income-statement/): Balance sheets and income statements are indispensable financial tools for all business owners. What should businesses know about the balance sheet vs. income statement? - [What Do Accountants Charge for Small Businesses?](https://xendoo.com/blog/what-do-accountants-charge-for-small-businesses/): If you run a business, you’ve likely wondered–how much does it cost to hire a tax accountant? Do I need accounting services, and will they save me more money than they cost?  - [The Small Business Guide to Revenue vs. Profit](https://xendoo.com/blog/revenue-vs-profit/): When running a small business, you'll want to track revenue and profit. What is revenue vs. profit? Is one metric more important than the other?   - [Free Small Business Expense Tracking Spreadsheet](https://xendoo.com/blog/small-business-expense-tracking-spreadsheet/): Small business expense tracking can be tedious, but it’s one that all companies–from “mom and pop” shops to international enterprises–must do. Fortunately, business expense tracking apps make the job easier. An app is ideal if you have a business with many employees, sales, and tax considerations. - [How to Outsource Bookkeeping – A Guide](https://xendoo.com/blog/outsource-bookkeeping/): In this guide, we’ll dive into everything related to outsourced bookkeeping from what it costs to how to outsource it. You can click to go to a particular section below or scroll down to start from the top.  - [21 Small Business Tax Deductions You Need to Know](https://xendoo.com/blog/small-business-tax-deductions/): Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist.  - [Ecommerce Accounting 101](https://xendoo.com/blog/ecommerce-accounting-101/): Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. You’ll thank yourself later for enlisting some help to record and analyze your revenue, expenses, debts, and deductibles. - [Ecommerce Bookkeeping Services: What to Consider](https://xendoo.com/blog/choosing-ecommerce-bookkeeping-services/): It can be overwhelming for small business owners to choose from all the ecommerce bookkeeping services out there. Many small businesses trust xendoo with their financials, but we understand that choosing the best bookkeeping and accounting solution is a big decision.  - [How to Set Up Accounting for a New Business: A Full Guide](https://xendoo.com/blog/accounting-for-new-business/): If you are reading this, then it probably means you've just launched or intend to start a new business in the near future. As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. - [How Do You Record eCommerce Sales in Accounting?](https://xendoo.com/blog/how-to-record-ecommerce-sales/): Many eCommerce owners understand the importance of making sales, but do you know how to record eCommerce sales for your accounting system? Ecommerce business owners have some degree of flexibility that physical storefronts cannot afford. Apart from avoiding rent, an eCommerce model makes it easy to fulfill orders from the comfort of your home or warehouse. - [Steps to Clean Up Accounting Records: A Checklist](https://xendoo.com/blog/steps-to-clean-up-accounting-records/): Taking steps to clean up accounting records can be a big undertaking for small business owners. Hopefully, you started your business on the right foot financially. You may diligently record your accounting transactions or have hired someone to take care of accounting for you. If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service.  - [How Long Does It Take an Accountant to Do Taxes?](https://xendoo.com/blog/how-long-does-it-take-an-accountant-to-do-taxes/): As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs, you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. - [Accounting for Startups — Starting Off on the Right Foot](https://xendoo.com/blog/accounting-for-start-ups/): Author’s Note: This blog post was updated on February 22, 2022, to include new information, resources, and links. - [How Much Is a Tax Consultant?](https://xendoo.com/blog/how-much-is-a-tax-consultant/): If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. You might need help mitigating tax exposure and ensuring tax planning, charitable giving, and other complex tax needs. - [Filing Your Schedule C: A Simple Guide](https://xendoo.com/blog/filing-schedule-c/): Are you a small business owner? If so, you may be looking for advice on filing your Schedule C. The IRS Schedule C is used by sole proprietors and single-owner LLCs to report your small business taxes and is part of your personal tax return. - [Do You Need to File Personal and Business Taxes Separately?](https://xendoo.com/blog/filing-personal-and-business-taxes/): As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes. - [When Can You File Small Business Taxes in 2022?](https://xendoo.com/blog/dates-and-deadlines-when-you-can-file-small-business-taxes-in-2022/): This year, make things easier on yourself by planning ahead. You’ll thank yourself for filing business taxes according to the prescribed deadlines. Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments. - [Fallen Behind on Bookkeeping? Here’s How to Catch Up](https://xendoo.com/blog/how-to-catch-up-on-business-taxes/): Tax season can be stressful, especially if your books are behind, inaccurate, or both. We estimate that roughly 25% of small businesses seek information on how to catch up on business taxes and get their financial records in order. - [The Top 5 Benefits of Catch Up Bookkeeping](https://xendoo.com/blog/the-top-5-benefits-of-catch-up-bookkeeping/): Even if the books are only behind a few weeks, up-to-date records are crucial for the financial well-being of every business. Catch up bookkeeping accelerates business growth by increasing financial visibility, which enables business owners to make decisions based on accurate information and remain tax-compliant throughout the year! In this blog post, we are exploring the top 5 benefits of catch up bookkeeping!    - [How Much Does Catch Up Bookkeeping Cost?](https://xendoo.com/blog/catch-up-bookkeeping-cost/): How much does catch-up bookkeeping cost? Costs can vary a bit, based on the company you choose to use, as well as how far behind you are in your books.  - [How Do I Pay Myself and My Taxes as a C-corporation?](https://xendoo.com/blog/how-do-i-pay-myself-and-my-taxes-as-a-c-corporation/): To ensure that your C-corporation taxes are filed correctly and on time, you can partner with an online CPA. They will help you to maximize your tax savings and enjoy peace of mind during the most stressful time of the year. - [What Is Catch-Up Bookkeeping?](https://xendoo.com/blog/what-is-catch-up-bookkeeping/): When you get behind in your books, you have two choices: lose sleep or turn to a catch-up bookkeeping service to help you out.  - [How Do I Pay Myself and My Taxes as a Partnership?](https://xendoo.com/blog/how-do-i-pay-myself-and-my-taxes-as-a-partnership/): You are not alone as you navigate self-payment, tax filing, and all the financial ins and outs of your partnership. xendoo is here to help! Our online bookkeeping and accounting team provides partnership owners with the financial insight needed to make the most informed decision regarding self-payment and partnership taxes!  - [The Top 8 Expense Trackers for Small Businesses](https://xendoo.com/blog/tracking-business-expenses/): Tracking business expenses is one of the smartest things you can do to take control of your company’s finances. With better organization, you’ll find that your business is more streamlined and profitable, and you’ll be dealing with fewer headaches when tax season rolls around.  - [Tax Savings for Small Business Owners: Bonus Depreciation and Section 179](https://xendoo.com/blog/tax-savings-for-small-business-owners-bonus-depreciation-and-section-179/): When making a major purchase for your business, you are expected to spread the tax deduction out over the lifespan of that purchase, which provides small tax savings over the years. But, why wait? Business owners can take advantage of Bonus Depreciation and Section 179 to invest in their businesses, resulting in an enormous tax break!  - [How Do I Pay Myself and My Taxes as an S-corporation?](https://xendoo.com/blog/how-do-i-pay-myself-and-my-taxes-as-an-s-corporation/): If your business meets all of this criteria, you can move forward by filing Form 2553, and sending it to the IRS. If your company has multiple shareholders, each of them must sign and submit this form as well. Once approved by the IRS, you will file your S-corporation taxes using Form 1120S.  - [Learn When You Should Outsource Your Accounting](https://xendoo.com/blog/outsource-accounting-services/): Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. With that in mind, here are some of the reasons why you should consider partnering with an online accounting firm. - [What Type of Accountant Does Your eCommerce Business Need?](https://xendoo.com/blog/ecommerce-accountant/): Managing your own books may seem like a cost-saving strategy, but many online merchants lack the time or expertise to stay up-to-date and in compliance. Your eCommerce business requires the attention of an eCommerce accountant.  - [CPA Solutions for Amazon Sellers](https://xendoo.com/blog/cpa-for-amazon-sellers/): Finding the right CPA for Amazon sellers means finding an accountant that is intimately familiar with the needs of online merchants. - [Business Lessons from a Breast Cancer Survivor: An Interview with xendoo COO, Julia Aquino](https://xendoo.com/blog/business-lessons-from-a-breast-cancer-survivor/): As we begin Breast Cancer Awareness Month, we spoke with xendoo COO and breast cancer survivor, Julia Aquino. She was diagnosed with breast cancer in 2012. She knew that she needed a deep understanding of the disease in order to make the best decisions for her health, while also running a successful business.  - [Questions to Ask When Looking for a CPA](https://xendoo.com/blog/cpa-services-for-small-business/): Our firm offers a full suite of online CPA services for small businesses, including tax return processing, accounting and booking solutions, and much more.  - [Celebrating Women’s Small Business Month: Thoughts from xendoo CEO and Founder, Lil Roberts](https://xendoo.com/blog/celebrating-womens-small-business-month/): To all female business owners and entrepreneurs, we are rooting for you. Happy National Women’s Small Business Month from your friends at xendoo! Take time to celebrate your business and your amazing team this month. Focus on what you love - growing your business. xendoo has your online bookkeeping covered.  - [3 Tips for Catching Up Your Books](https://xendoo.com/blog/3-tips-for-catching-up-your-books/): One of the best tips for catching up your books is to stay organized. You’ll want to verify that you have the appropriate documents to record your company’s income and expenses.  - [Bookkeeping Services Rates: A Complete Guide](https://xendoo.com/blog/bookkeeping-services-rates/): Chances are that your time is too valuable to spend clicking around in QuickBooks. But can you really afford the cost of modern bookkeeping services? Today, we’ll take a closer look at common bookkeeping services rates, so you can find the best fit for the needs of your business. - [How Franchisors Can Build a Strong Item 19](https://xendoo.com/blog/how-franchisors-can-build-a-strong-item-19/): Without the right tools, building a strong Item 19 can feel like a massive undertaking. But, with the support of a franchise bookkeeping team, franchisors can receive timely, accurate information that will help them build a compelling Item 19! - [How To Find The Right Online Accountant For Your Business](https://xendoo.com/blog/online-accountants-for-small-business/): But finding the right accountant is about more than just cost. Today, we’ll go over the best features offered by online accountants for small business owners so that you can find the right fit for your company. - [The Best Small Business Bookkeeping Solutions](https://xendoo.com/blog/best-small-business-bookkeeping-solutions/): In fact, many customers are surprised at the ways that small business bookkeeping solutions increase financial transparency. This is possible because your financial data is instantly available to you at any time, no matter where you are. This may be especially important for businesses that process digital or online transactions, providing up-to-the-minute reporting regarding your cash flow. - [4 Signs Your Business Needs Online Bookkeeping](https://xendoo.com/blog/online-bookkeeping-for-small-business/): Bookkeepers connect the dots between your sales, expenses, and profits to ensure business growth. They know how to properly categorize your transactions, keeping your books compliant and ready for tax season. At xendoo Online Bookkeeping, you can rely on your dedicated team of finance experts to deliver accurate statements and financial peace of mind year-round. - [xendoo vs. Pilot: Comparing Online Bookkeeping Services for Small Business Owners](https://xendoo.com/blog/xendoo-vs-pilot-comparing-online-bookkeeping-services/): Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. To take their time back, many business owners choose to outsource their bookkeeping and accounting. There are many options available, from traditional CPAs to tech-savvy online companies. So, how do you choose the right financial partner for your business? - [How Do I Pay Myself and My Taxes as a Sole Proprietor?](https://xendoo.com/blog/how-do-i-pay-myself-and-my-taxes-as-a-sole-proprietor/): Businesses are created because business owners have a passion that needs to be pursued.  They may be changing the world and even their own lives. Payroll, however, is most likely not their passion. Yet, every business owner faces the unique challenge of figuring out how to pay themselves. - [Cash Flow vs. Profit: Understanding the Difference](https://xendoo.com/blog/cash-flow-vs-profit-understanding-the-difference/): It’s especially important for businesses to consider and calculate the demands of cash flow vs. profit accurately. Accurate bookkeeping is essential for both forecasting cash flow and calculating business profits, regardless of the size of your business.  - [xendoo vs. QuickBooks: The Difference](https://xendoo.com/blog/xendoo-vs-quickbooks-the-difference/): Let’s break it down and discover what will work best for your business: xendoo vs. QuickBooks.  - [How Much Does a CPA Cost?](https://xendoo.com/blog/how-much-does-a-cpa-cost/): If you’re a business owner looking for CPA services, pricing is one of the first factors you consider. Yet, finding the cost of CPA services online isn’t easy. Industry research is often inaccurate and misleading. It also doesn’t factor in your unique business tax and accounting needs, so the actual price ends up being higher than the online estimates. So, how much does a CPA cost?  - [Six Signs You need to Hire a Bookkeeper or an Accountant](https://xendoo.com/blog/signs-you-need-a-bookkeeper-or-accountant/): How to deal with accounting is a choice that you might not want to face, but you have to deal with nonetheless. This is an essential function for all businesses large and small. Should you hire a bookkeeper or hire an accountant? Or should you do it all yourself? Making the wrong choice here won’t necessarily sink your business, but it sure can make things a lot harder. Many business owners consider handling accounting on their own to cut costs, but the 8 ways DIY accounting costs more than it saves highlights how this decision can actually be more costly in the long run. - [Online Bookkeeping Services for Small Business Owners](https://xendoo.com/blog/online-bookkeeping-services-for-small-business-owners/): Bookkeeping is vital to the success of every business, but business owners rarely have the time (or desire) to manage it themselves. Many small businesses save time by partnering with an online bookkeeping and accounting team. However, there are some key features to consider when selecting online bookkeeping services for your small business. - [Debit vs. Credit in Accounting: What’s the Difference?](https://xendoo.com/blog/debit-vs-credit-in-accounting/): It’s a good idea to add to your accounting knowledge as a business owner, so dealing with topics like what is debit vs credit in accounting is a worthwhile endeavor. With that said, you don’t want to be spending your time in the back office, buried in the books. Instead, you should be out front, helping your business grow by offering valuable products and services to your customers.  - [Top 7 Requirements to Secure Ecommerce Funding (Hint: They’re Not What You Think)](https://xendoo.com/blog/top-7-requirements-to-secure-ecommerce-funding-hint-theyre-not-what-you-think/): 2. Know what eCommerce funding you need (and what for)  - [How an Online Accountant Can Help Your Business Recover Post-COVID](https://xendoo.com/blog/business-recovery-post-covid/): Everyone was affected in one way or another by the COVID-19 pandemic. Whether it was by contracting the disease, dealing with illness in your family, or just the extended effects of the shutdowns and restrictions, this global event didn’t leave anyone untouched.  - [Best Real Estate Accounting Tips for Agents and Brokers](https://xendoo.com/blog/accounting-tips-for-real-estate-agents/): Setting up your real estate accounting system the right way will enable you to minimize the labor and stress involved in large-value transactions, extreme income fluctuations, employee pay formulas, and government regulations. - [Recipe for Success: 5 Must-Have Ingredients of Restaurant Bookkeeping](https://xendoo.com/blog/recipe-for-success-5-must-have-ingredients-of-restaurant-bookkeeping/): As a busy restaurateur, it’s easy to push restaurant bookkeeping tasks to the bottom of your priority list. After all, you have better things to do - right? - [How to Choose the Right Software to Simplify Your Real Estate Accounting](https://xendoo.com/blog/simplify-your-real-estate-accounting/): All these factors must be accounted for completely and accurately to control profit margins, satisfy clients, and be prepared for tax filing. It’s a big hassle if you’re doing it the old-fashioned way, creating custom spreadsheets and writing down transactions in a ledger. However, the right real estate accounting software will do many accounting tasks for you automatically, leaving you free to focus on your core business. - [7 Tax Tips for Independent Realtors](https://xendoo.com/blog/tax-tips-independent-realtors/): But here's the good news: there's probably more you can deduct than you realize! By carefully assessing not only your properties but your business as a whole, you can hold onto more of your hard-earned cash at tax time. The following tax tips for real estate agents are a great place to start looking for valuable deductions. - [Selling on Amazon vs. eBay: What you need to know](https://xendoo.com/blog/ecommerce-selling-amazon-vs-ebay/): Ready to start selling your products online? Or have you already built a web presence and you’re looking to expand? From marketplaces like Etsy to building and hosting your own website on Squarespace or Shopify, small businesses have plenty of platforms to sell their products online. But eventually, most professional sellers find themselves asking: What are the pros and cons of Amazon vs. eBay? - [How Your Small Business Can Prepare for Florida’s Minimum Wage Increase](https://xendoo.com/blog/florida-minimum-wage-increase-small-business-preparation/): In recent years, we’ve seen a reopening of the debate over minimum wage. Advocates are currently pushing for an increase to $15.00 per hour by 2026, with the door open to possible increases in the years after that. If you’re a worker, this is good news. A slight bump in the Florida minimum wage can increase the pay you receive, compensating for rising costs of living and other expenses.  However, if you’re a small business owner, this wage increase can lead to tough decisions. Unless you’re a corporate giant, it can be tough to maintain your current roster of employees if you have to pay them more. - [Guide to Accounting for Amazon FBA Sellers](https://xendoo.com/blog/accounting-for-amazon-sellers-guide/): Becoming a third-party seller on Amazon is an exciting opportunity for many small businesses. After evaluating the pros and cons of selling on Amazon, you may decide to go with an Amazon FBA (Fulfilled by Amazon) account. You’ll pay a fee to use Amazon’s warehouses, packaging and shipping, and customer service. One thing that isn’t included? Accounting for Amazon sellers.  - [Pros and Cons of Putting Your Small Business on Amazon](https://xendoo.com/blog/amazon-small-business-pros-and-cons/): Ecommerce is booming. Total revenue will reach nearly $4.6 billion in 2021 and grow at an annual rate of 4.6% over the next five years – reaching $5.6 billion by 2025. It’s easy to see why owners of small and medium businesses are asking themselves how they can get a piece of the eCommerce pie. One popular option—the Amazon small business marketplace.  - [Sunshine Tax: Taxes for Small Business in Florida](https://xendoo.com/blog/taxes-for-florida-small-businesses/): Florida is among the most tax-friendly states in America and has seen huge growth, especially in their tech economy. If you have a small or midsize business in the state of Florida, you may be shielded from many typical forms of small business taxes. But how can you know which tax laws apply to your business? This post will cover some of the more common tax questions related to taxes for small businesses in Florida. - [Best Small Business Invoicing Practices](https://xendoo.com/blog/best-small-business-invoicing-practices/): Is getting people to pay their invoice balance a challenging part of running your own business? You are not alone. According to a report in Entrepreneur, on average, small businesses had $84,000 in unpaid invoices. Waiting weeks and sometimes months for the checks to arrive and managing cash flow in the meantime can be daunting, to say the least. Since invoicing isn’t the most exciting aspect of your business, we want to share these tips for small business invoicing to help you get paid faster, increase client relations, and save time and money.  - [Eight Tax Tips for Restaurant Owners](https://xendoo.com/blog/tax-tips-restaurant-owners/): Between accounting for all of your potential deductions and reporting them all accurately, it’s important to have a professional who can help make sure you don’t miss anything. Here’s seven tips to help you get everything mise en place come tax time. - [Why You Should Hire an Experienced Florida Accountant](https://xendoo.com/blog/hire-an-experienced-florida-accountant/): An experienced Florida accountant can help you with more than just the books. So let’s explore the various benefits of hiring a Florida accountant for your business. - [Tips to Increase Retail Sales for Your Small Business](https://xendoo.com/blog/tips-to-increase-retail-sales/): This past year has been incredibly hard on retailers, especially small businesses. Retail sales plunged more than 20% between February and April last year, but with pandemic restrictions easing, the industry is starting to recover. As folks are venturing out more, it’s the perfect time to refresh yourself and your sales associates on tips to help increase retail sales and work towards building your business back up! - [Bringing Home the Bacon: A Profit Growing Guide for Restaurateurs](https://xendoo.com/blog/profit-guide-restaurant-owners/): It’s no secret that the restaurant business is tough, even in the best of times. Really tough. Even before the COVID-19 shutdowns, industry analysts estimate the failure rate for new restaurants in the first year was somewhere around 60%, with another 20% shuttering the doors before the 5-year mark. That’s only gotten worse during the pandemic, with hospitality being one of the industries hardest hit by shutdowns and restrictions. However, as bleak as that reality may seem, the restaurant industry is still viable, and there are things you as an owner can do to help increase restaurant profits and make sure you stay in the 40% that do well. - [How to Change from an LLC to an S Corporation](https://xendoo.com/blog/how-to-change-from-llc-s-corporation/): Remember back when you had to decide on a name to register your new business, forming a limited liability company—LLC? Now your small business has grown up thanks to your hard work and dedication. You may have outgrown your current legal status and it’s time to change from an LLC to S Corp to gain additional tax benefits that you’ve earned! Since determining the status of your business is important to its success and potential, we’ll break it down for you. - [How to Setup Your Online Store to Integrate Accounting Software](https://xendoo.com/blog/integrate-accounting-software-ecommerce/): You’ve set up your online store set, and orders are starting to come in. But in your rush to pack, ship, and sell, there’s a good chance you haven’t made time to integrate accounting software with your eCommerce software. By downloading a third-party app plug-in, you are just a few clicks away from saving time and money by automatically sharing data between your accounting and eCommerce programs. It sounds like a lot of work, but it’s simple! - [9 Common E-Commerce Accounting Mistakes to Avoid](https://xendoo.com/blog/ecommerce-accounting-mistakes-to-avoid/): As a new business owner, you have a lot to manage on your eCommerce site. From making sure that customers can easily find what they need to creating an easy path to purchasing your goods, it may leave less time to tidy up the little things in your accounting processes. However, these mistakes and misses can snowball into significant issues that could cost your eCommerce business profits and customers. To make sure your business is running efficiently from top to bottom, here are nine common eCommerce accounting mistakes that you need to avoid.  - [How Outsourcing Accounting Can Help Grow Your Small Business](https://xendoo.com/blog/outsourcing-accounting-grow-your-business/): Small business owners have enough on their to-do list - when you’re looking to outsource some of the work and focus on growing, outsourcing accounting and bookkeeping services are the best choices. Bookkeepers and accountants will do a better job at a quicker pace than a small business owner who is strapped for time and whose talents might lie elsewhere. You’ll be able to focus on sales, marketing, and all of the other ins and outs of growing your business when you aren’t worrying about accounting. - [Five Customer Loyalty Tricks for Fitness Franchisees](https://xendoo.com/blog/loyalty-tips-fitness-franchisees/): But beyond just building trust among your members, there are some other things you can do to encourage customer loyalty in this most challenging of times. - [How to Do Catch-Up Bookkeeping Services for Small Businesses](https://xendoo.com/blog/catch-up-bookkeeping-for-small-businesses/): Author's Note: This was updated on Dec 13, 2021, with new information and resources for small business owners.  - [A Prettier Profit and Loss Statement: Up- and Cross-Selling Techniques for Salon Owners](https://xendoo.com/blog/cross-selling-tips-salon-businesses/): If you're like most salon owners, the chances are good that you decided to start a hair salon because you love meeting new people and helping them feel more beautiful than when they walked in your front door. It's only natural because everyone loves a rewarding job. Focusing on sales techniques, like up-and cross-selling for salons probably wasn't high on your list of "pros" when you got into the salon industry. - [Starting an eCommerce Business? Bookkeeping Basics You Need to Know](https://xendoo.com/blog/ecommerce-bookkeeping-basics-you-need-to-know/): Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services to professionals like xendoo that work with small businesses than trying to do it in-house. If outsourcing just isn’t feasible for your business, here are some bookkeeping basics for eCommerce that you need to know before trying to do it yourself. - [Choosing the Right Accounting System for Your Shopify Business](https://xendoo.com/blog/choosing-the-right-accounting-system-for-your-shopify-business/): Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just isn’t cutting it anymore, xendoo’s innovative suite of business offerings can help you. xendoo can get your small business accounting running like a well-oiled machine so you can focus on what’s important – growing your business. To be competitive in the new economy, cloud-based accounting is no longer a luxury; it’s a necessity. Here are some of the best accounting systems for Shopify that can help get your business on track. - [eCommerce Trend Report: 2020 Recap & 2021 Forecasts](https://xendoo.com/blog/ecommerce-trends-and-forecasts/): For all the challenges the economy faced in 2020, it may come as something of a surprise that overall domestic retail sales saw their highest rate of growth in over two decades during 2020. What probably isn’t much of a surprise to anyone who has been paying attention is that that strong growth was driven entirely by eCommerce trends in 2020, with online sales accounting for 101% of that growth.  - [Best Online Bookkeeping Software for Small Business](https://xendoo.com/blog/online-bookkeeping-software-for-small-businesses/): Making the switch to using an online bookkeeping software like Quickbooks Online or Xero is an ideal choice for small business owners who are looking for more accuracy in their books and reporting - when you just need someone to keep your books in order, working with a bookkeeper who uses one of these cloud-based bookkeeping software solutions is the perfect choice. Online bookkeeping is also great for our remote entrepreneurial lifestyles - since Quickbooks and Xero are cloud-based, you can keep tabs on the financial health of your business anytime from anywhere - office to the beach! - [When You Need to Hire a CPA](https://xendoo.com/blog/online-cpa-services/): Bookkeeper? Accountant? CPA? Which one does your business need, or does it need all three of them? Actually, it depends. Staying on top of your business’s finances is key for a small business owner, but you may need more than day-to-day bookkeeping. When you have more questions than a bookkeeper can answer, you’ll probably need to look into CPA services. Fortunately, xendoo has you covered. Read on to see if online CPA services are best for you and your business. - [The Best Online Accounting Software for Small Businesses](https://xendoo.com/blog/best-online-accounting-software/): And cost can definitely feel like a huge barrier here - it can be hard for a small business to afford to hire an accountant. Additionally, if you wait until tax time to get it together, it can end up giving you a real headache - hiring an accountant at the last minute with books full of errors could cost you more than you set aside in the first place. Thankfully in 2021, there are many affordable online accounting software options available for small businesses. - [10 Reasons Your Small Business Needs a Bookkeeper](https://xendoo.com/blog/small-business-bookkeeper/): Small business bookkeepers and bookkeeping services can save small businesses money in many different ways. Since one simple slip-up in bookkeeping can have a huge ripple effect and cost you a massive amount of time as you try to fix your problems - you know you’ll be saving money by trusting a professional with your books from the start. A very popular option with small businesses is an accounting service that charges a fixed amount every month. It’s easy to budget for, and it can cost less than half what you would pay an hourly accountant for the same amount of service. - [The Best Bookkeeping Service For Your Small Business](https://xendoo.com/blog/bookkeeping-services-small-business/): An excellent time for a small business owner to consider hiring a bookkeeper is when you see that your small business is growing. Perhaps your bookkeeping tasks are taking more time than you can afford, and your books are never up to date. Maybe you recently added on a new location, hired more team members, or have seen a sharp increase in sales - whatever the case is, it looks like your small business is growing. As your business continues to grow, your bookkeeping workload will also increase, so if you’re posting more and more transactions each month, entering data on a regular basis can make bookkeeping more difficult and time-consuming. Even when you use online bookkeeping software solutions such as QuickBooks or Xero, a bookkeeping service for small business service can help you manage and maintain your books accurately and save you a large amount of time and money. - [2021 Tax Deadlines: how to be tax ready all-year long for your small business](https://xendoo.com/blog/2021-tax-deadlines/): Keep this chart handy or copy the relevant parts of it into your calendar so you won’t miss a due date throughout the year. - [How to Pay Federal Income Tax Online](https://xendoo.com/blog/how-to-pay-federal-income-tax-online/): Yes, the IRS has entered the digital age! They offer several ways to pay your tax online. - [How do hourly pricing models work?](https://xendoo.com/blog/professionals-billing-hours/): Do you run a business that charges clients by the hour? Whether you’re an accountant, lawyer, designer, or consultant and you’re ready to expand - or hope to one day - there are a few things to consider to make sure your growth strategy is profitable.