Open Thread: How Do You Handle Your Accounting Tasks?

Accounting is a struggle for many freelancers. While most freelancers are an expert in their chosen field, many have little to no training in accounting. Yet, proper accounting is a vital part of running a freelancing business. An accounting mistake can have serious consequences for a business. Good accounting practices can mean the difference between having a profitable business and losing money. There … [Read more...]

When To Hire an Accountant

One of the most common questions that freelancers ask is "how big does my business have to be before I need to hire an accountant" Many freelancers start their business on a shoestring budget. For many, a simple spreadsheet is their only accounting tool because that is all that they can really afford at first. For the freelancer who understands basic accounting and bookkeeping principles, a spreadsheet may … [Read more...]