Your accounting system can make all the difference when it comes to tax time and the right tool can be a total game-changer.
Accounting software options range from the well-known established industry standard to a handful of emerging innovators and like any piece of your business infrastructure, it's all about finding the right tool for your business and the stage of growth you are in.
If you struggle with your bookkeeping or like to spend your money with businesses that align with your values, you might appreciate this gem...
In 2020 I (Kai) graduated from accounting software frustration and tax time stress--to bookkeeping bliss.
After years of wrestling with the most well-known accounting software out there and becoming increasingly frustrated with their service, I realized there had to be a better way. So I researched all the options and moved over to Wave Accounting.
In my opinion, Quickbooks is designed for accounting professionals, not for small business owners. Wave, on the other hand, is significantly more intuitive, has all the functionality of Quickbooks (including invoicing and payment processing), plus much better support, and is FREE.
Wave is a Canadian company dedicated to supporting small businesses. (Unlike the aforementioned giant in the industry, owned by Intuit, which according to CBS News, has been lobbying Congress for decades to prevent tax filing from being easy and free for Americans. :/)
Having learned from experience how painful accounting errors can become and how essential it is to set up your books right the first time, I opted to sign up for a Wave Accounting Advisor to ensure everything was set up just right for my business.
For any entrepreneurs who don't consider themselves accounting experts, if you opt to catch the Wave, I strongly recommend investing in an advisor/accounting coach initially to make sure everything is set up properly so mistakes don't come back to haunt you later down the line.
You can also outsource your bookkeeping entirely to a Wave Advisor and simply show up for a quick monthly check-in where your advisor arrives with your books categorized and reconciled, gives you your reports, and shows you anything you need to know.
Wave also has tax advisors, with options for filing your own with help or affordable filing with a pro.
Here's to bookkeeping bliss and easy tax time! As a paradigm-shifting entrepreneur, you have other things that need your focus.
Systematize your business to free up your time, energy, and resources to focus on what you love most & do best
Thanks for doing what you do in the world,
Kai & Michael
You can make things easier by designing your systems for maximum laziness. This means that you make it as easy as possible to steer your brain towards the habit that is beneficial for you.
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