Accounting & Taxes - FreshBooks Blog https://www.freshbooks.com/blog Information and inspiration on how to start a business, grow your business, tax tips, freelancing & more from FreshBooks! Sat, 13 Aug 2022 00:00:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 The Impact of Inflation on Business Owners (And What to Do About It) https://www.freshbooks.com/blog/inflation-business https://www.freshbooks.com/blog/inflation-business#respond Mon, 08 Aug 2022 14:00:11 +0000 https://www.freshbooks.com/blog/?p=74674 As a consumer, you’ve probably heard how inflation affects the prices of the things you buy. And in recent months, your bank account has likely felt the effects of rising prices, especially after a trip to the grocery store or gas station. Inflation measures the increase in prices for goods and services over time. As […]

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]]> https://www.freshbooks.com/blog/inflation-business/feed 0 From Client Management to Client Relationship-Building, for Accountants https://www.freshbooks.com/blog/accountant-client-relationships https://www.freshbooks.com/blog/accountant-client-relationships#respond Mon, 08 Aug 2022 12:55:06 +0000 https://www.freshbooks.com/blog/?p=74592 Are you making the most of your client relationships? As an accounting professional, it’s far too easy to get sucked into only focusing on the accounting work at hand. But, when was the last time you thought about your firm’s client management process? When it comes down to it, the way you manage clients makes […]

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]]> https://www.freshbooks.com/blog/accountant-client-relationships/feed 0 Accountants: How FreshBooks’ Bank Reconciliation Simplifies Bookkeeping https://www.freshbooks.com/blog/bank-reconciliation-for-accountants https://www.freshbooks.com/blog/bank-reconciliation-for-accountants#respond Mon, 08 Aug 2022 12:50:36 +0000 https://www.freshbooks.com/blog/?p=74594 Do you ever feel like there aren’t enough hours in a day? Between client meetings, marketing your firm, and growing your business, some days it might feel like you don’t have time to do the accounting work your clients come to you for. Thankfully, that’s where Bank Reconciliation comes in. Bank Reconciliation (or Bank Rec) […]

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]]> https://www.freshbooks.com/blog/bank-reconciliation-for-accountants/feed 0 New: Organize Your Books With the Customizable Chart of Accounts https://www.freshbooks.com/blog/customizable-chart-of-accounts https://www.freshbooks.com/blog/customizable-chart-of-accounts#respond Wed, 20 Jul 2022 14:30:19 +0000 https://www.freshbooks.com/blog/?p=74346 Let’s say your business is growing… Maybe you’ve just moved up from being a freelancer to starting your own agency. First off, congratulations! But with that growth comes certain challenges. Like, staying on top of your client relationships. Or having access to the right reports at the right times. Or even, bringing in an accountant […]

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]]> https://www.freshbooks.com/blog/customizable-chart-of-accounts/feed 0 Accountants: How to Manage Your Clients’ Chart of Accounts in FreshBooks https://www.freshbooks.com/blog/manage-client-chart-of-accounts https://www.freshbooks.com/blog/manage-client-chart-of-accounts#respond Wed, 20 Jul 2022 14:30:14 +0000 https://www.freshbooks.com/blog/?p=74342 Some of your clients’ finances are probably straightforward and easy to organize. Others… not so much. To get around this, chances are that you’ve used accounting software that gives you a certain level of control over how your clients’ financial information is tracked. We’ve compiled tons of feedback from accounting professionals and small business owners […]

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]]> https://www.freshbooks.com/blog/manage-client-chart-of-accounts/feed 0 Best Practices for Customizing Your Chart of Accounts https://www.freshbooks.com/blog/customizing-chart-of-accounts-example https://www.freshbooks.com/blog/customizing-chart-of-accounts-example#respond Tue, 19 Jul 2022 17:58:16 +0000 https://www.freshbooks.com/blog/?p=74411 Your chart of accounts outlines all the accounts for your business. It is a bird’s-eye view of what you own, what you owe, how much your business makes, your costs, and the value of the business (equity). From the data in your chart of accounts (CoA), you can run almost any financial report you need. […]

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]]> https://www.freshbooks.com/blog/customizing-chart-of-accounts-example/feed 0 What Is a Virtual Accountant? (And How to Become One) https://www.freshbooks.com/blog/virtual-accountant https://www.freshbooks.com/blog/virtual-accountant#respond Mon, 11 Jul 2022 22:55:12 +0000 https://www.freshbooks.com/blog/?p=74246 Are you thinking about going online-only with your firm? If so, here’s what to consider about becoming a virtual accountant. The U.S. Bureau of Labor Statistics expects the employment of accountants and auditors to grow by 7% from 2020 to 2030. That’s about average for all occupations, but accounting tends to be an extremely stable […]

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]]> https://www.freshbooks.com/blog/virtual-accountant/feed 0 5 Reasons to Join the FreshBooks Accounting Partner Community https://www.freshbooks.com/blog/accounting-partner-community https://www.freshbooks.com/blog/accounting-partner-community#respond Mon, 11 Jul 2022 19:49:23 +0000 https://www.freshbooks.com/blog/?p=74243 What do puppies, networking, and free swag have in common? They’re all things you can find in the FreshBooks Accounting Partner Community! The Community is an online hub designed to be your one-stop-shop for learning resources, networking opportunities, and industry news to help you support your small business clients. (Interested in learning more? You can […]

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]]> https://www.freshbooks.com/blog/accounting-partner-community/feed 0 Do You Need More Clients, or Just Better Ones? https://www.freshbooks.com/blog/good-accounting-clients https://www.freshbooks.com/blog/good-accounting-clients#respond Mon, 11 Jul 2022 18:34:41 +0000 https://www.freshbooks.com/blog/?p=74248 Have you ever onboarded a new client and had everything seem great…until suddenly it wasn’t? We’ve all been there before–whether this client is hard to reach, difficult to work with, or prone to scope creep, ultimately it can start to affect your bottom line. Instead of feeling stuck dealing with the stress of a less-than-ideal […]

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]]> https://www.freshbooks.com/blog/good-accounting-clients/feed 0 The Accounting Industry Trends That Are Taking Over Your News Feed https://www.freshbooks.com/blog/accounting-industry-trends https://www.freshbooks.com/blog/accounting-industry-trends#respond Mon, 13 Jun 2022 20:59:15 +0000 https://www.freshbooks.com/blog/?p=73738 Whether it’s at a conference, on social media, in an industry publication, or on a blog, lately it feels like the same accounting trends keep cropping up. From attracting and retaining talent, to improving client experience, to talking about workflow automation through cloud-based accounting systems, these are the current accounting trends that are taking over […]

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