With year end fast approaching, it's time to think about getting your books in order. If you're time-strapped, don't stress. Consider adding a handy app to your FreshBooks arsenal.
From invoicing to capturing expenses on-the-go, as a FreshBooks customer you’ve mastered the basics of entrepreneur life. But that doesn’t make it challenge-free, right?
As a small business owner, you need a Swiss Army knife of tools at your disposal. And at no time do you feel that more than at year end, as you start to think ahead to closing off your books for another tax year.
We’re here to help. Did you know that FreshBooks integrates seamlessly with tons of other apps? Apps that not only make you more productive, but also take that accounting load off your shoulders.
In fact, these partners could be your secret weapon to a make or break tax time. So, take a minute to explore, because sometimes, everyone needs a helping hand:
1. Take a Seat: Meet Bench Bookkeeping
Recording financial transactions is about as exciting as… well, recording financial transactions. And when the paint, I mean ink, dries, there’s still so much left to do.
You and your accountant can forget about pesky admin chores and instead spend time on what matters most at tax time: Financial forecasting.
2. Bookkeepers Who Just *Get* You: BKE
BookKeeping Express (BKE) is the leader in full service accounting and bookkeeping for small- and medium-sized businesses.
BKE’s technology platform and skilled financial specialists remove the need for businesses owners to spend time on day-to-day accounting tasks, including:
- Accounting system setup
- Bank account reconciliation
- Monthly financial reporting
By combining the best people and technology, BKE simplifies back-office operations for businesses nation-wide.
3. Leap into Easy Street: Here’s Hurdlr
Not quite sure about your mileage, how much you’re spending or the amount you need to set aside for taxes? Stop guessing, put down those scraps of paper and try Hurdlr.
In real-time you can see exactly where your money’s going. Seriously – if you take a client for coffee, drive to a jobsite and then check on tax deductions, you’ll be able to review updates instantly.
Plus, on average, users find over $5,600 in tax deductions! That’s like the cost of a really great vacation.
4. Claim Mileage on Taxes: Track on the Go with Everlance
When business takes you on the road, why not use the #1-rated mileage tracker? Everlance’s beautiful design mixes with powerful features to create the most seamless mileage tracking experience. So much so, it’s been rated #1 in app stores.
The app also has an Instant Deduction Finder. In under 30 seconds, it finds all the possible deductions in your card history. The Instant Deduction Finder is available for iPhones and will soon be released for Android. If you have an Android, you can still take advantage of Everlance’s automatic expense tracking right now—plus, you’ll be the first to know when Instant Deduction Finder is released! Fun fact: The average Everlance subscriber finds $6,500 in deductions each year!
5. Taxes on Autopilot: Try Track
If tax time scares you, the tax man is stuff of nightmares and you’d do anything to keep them off your back.
Give Track a spin. It integrates with your FreshBooks account and automatically helps you:
• Always know what you owe and have enough set aside for taxes
• Avoid penalties by having your tax paperwork and payment submitted for you before the deadline
• Turn expenses you capture in FreshBooks into actual tax deductions to reduce what you owe
• Includes free Federal and State annual tax return filing
With this busywork taken care of, you can use your valuable time for… anything else.
To make for an easy breezy year end, FreshBooks is here to help. These apps are just a handful of integrations that FreshBooks has to make running your business even easier.
Come tax time, you’ll have all your ducks in a row.
This post was originally published in March 2018 and has been updated with new information.