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Xendoo vs. Bench: Comparing Online Bookkeeping Services for Small Business Owners

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Bookkeeping is vital to the success of every business, but business owners rarely have the time (or desire) to manage it themselves. In order to save their time and sanity, many partner with an online bookkeeping and accounting team. Today, we will take a look at two popular options: Xendoo Online Bookkeeping and Bench.

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Year-End Bookkeeping and Accounting Checklist for Small Business Owners

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Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Our online bookkeepers provide catch up bookkeeping services , so you can focus on the future. . Account for Inventory.

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Learn When Your Should Outsource Your Accounting

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Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. IT auditing.

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8 Benefits of Online Bookkeeping

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When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? Since these reports are generated online, you’ll also save on paperwork.

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How to Prepare Your Small Business for the New Year

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This statement provides insight into cash, inventory levels, Accounts Payable (money owed to others) and Receivable (money owed to the business owner), credit card and bank balances, and the equity in the company. Up-to-date bookkeeping allows for tax-readiness throughout the year. Spend the New Year with Xendoo.

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How Do I Pay Myself and My Taxes as a Partnership?

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Once you determine the amount you want to take, it can be transferred from your business bank account to your personal account. . Discuss your options with an online partnership accountant at Xendoo. This amount is reflected on the Balance Sheet, under Owner’s Equity. How Do I Pay My Taxes as a Partnership Owner?

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How Do I Pay Myself and My Taxes as a Sole Proprietor?

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Once you decide on an amount to take (more on that in a moment), it can be transferred from your business bank account to your personal account. Once your DBA is set up, you can open a business bank account. An online bookkeeping service will be able to take this task off your plate, saving you time and stress.

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