Guides to accounting, invoicing, inventory and reports for small business owners.
QuickBooks Online is one of the most widely used accounting programs for small businesses in the US. Many accountants know it, and many apps connect to it. If you run one company and keep little or no stock, it may be all you need. SyncBooks is built for a different shape of business: sellers who run several companies, hold inventory in warehouses, and sell across several channels.
The accounting equation is the foundation of every set of books and every balance sheet. Whether you run a small business or are just starting to keep your own books, understanding it helps you read your reports, spot mistakes and make better decisions. This article explains the equation, shows how everyday transactions keep it in balance, and covers the mistakes people make most often.
A startup has little money, little time and a lot riding on both. You need to know how long the cash will last, whether each product or project pays for itself, and what to show investors at the next board meeting. Bookkeeping can't be allowed to eat the hours that should go into building the business.
Books are rarely kept by one person. An owner approves spending, a bookkeeper records bills, someone in the warehouse receives stock, and an outside accountant closes the year. When everyone works from their own spreadsheet or email thread, numbers drift apart and nobody is sure which version is right. SyncBooks gives everyone the same books, in the browser, with access set to what each person needs. Here is how.
Financial reports tell you where your money comes from, where it goes and what the business is worth. They are how you decide what to cut, what to grow and when you can afford to hire. They are also what your accountant, your bank and your investors ask for. Many small businesses still build these reports in spreadsheets at the end of the month.
Selling online means more than one of everything: several sales channels, several warehouses, often several currencies and sometimes several companies. Every sale touches stock, sales tax, a payout and the books. Keeping all of that in step by hand takes hours and lets errors in. SyncBooks is accounting and inventory built for sellers. Here are five ways it takes that work off your plate.
Books, invoices, payments and bank feeds for every small business, with inventory and payroll when you need them.
