What tools do you use? Do you let your account do all that for you or are you using some free(mium) tool to do so?
Or are you using the old trusted excel sheets?
Thanks in advance, looking forward to some advice on this topic.
QuickBooks.
I despise quickbooks.
Why? It worked perfectly for me. A few mins every day was all it took. And easy to do my VAT returns with one click.
When you have to input several hundred transactions and send out hundreds of estimates / quotes and invoices get back to me. Pai, slow, they’re constantly fucking with the online version rearranging stuff, constantly raising the price for no reason (it’s not like they’re adding features) The apps suck and have to constantly uninstall them on a weekly basis for them to work correctly. The apps calculate discounts differently than desktop, shouldn’t have to pull out a calculator to tell people the correct price (did I mention this is dozens of times a day) Customer support is non existent. I hate them as a company and would switch if there was a comparable alternative.
If you simply want to keep track of business expenses (and maybe some invoicing), then check out InvoiceBerry. No learning curve like with accounting tools and at the end of the year you simply export two Excel files for your accountant.
A CPA
Toshl. Google it.
I put everything on a credit card, statement comes in the mail. Easy for me to put everything in at once and keep a box of actual receipts.