Startups

This US Based StartUp is doing bookkeeping online

A common issue faced by most of the founders of startup (and almost invariably by everyone) is book keeping. It is specially very difficult for small business owners fo manage the books. The reason may be many. From short of man power to other “core” things to be done as priority to even a lack of knowledge about taxation and savings. But here is a startup which can be a breather for them.  

Bookly is an online bookkeeping service for small business owners. After signing up, the company pair you with one of the dedicated accountants and cloud based software so that the customer can minimize effort and maximize profit. Unlike traditional accounting firms that charge high hourly rates, Bookly let you pick one of the low cost monthly plans that can fits your business’s needs. The best part? The company claims that it only takes three minutes of the precious time. Simply create an account, plug in the bank, and go on vacation! Sounds interesting?  

 

Just as important as a lean body, is a lean business. And while traditional accounting firms can have solid insight—their lack of digital presence and high hourly rates are no longer the best option when it comes to bookkeeping. With Bookly you get unlimited access to your own personal accountant. Bookly cover all of your business needs like audit support, business and personal tax preparation, monthly bookkeeping, annual tax planning and payroll.

 

The Importance of Bookkeeping:

 

Would you trust a heart surgeon to do your dental work? An electrician to defend you in court? No and neither would we. Just as these industries have their own specialized personnel to get you the most for your money—bookkeeping is a complex and confusing world that requires a trained professional to help you navigate its waters. Right now the Federal Tax code is 74,608 pages long. Even if you had the time to read and synthesize all of that information, is that the best use of your time? Could you remember all of the rules and regulations, or would you have constantly have to refer back to the material? 

 

A small business has to take on many aspects of business like marketing, sales, operations and logistics. When you’re pushing your limited personnel to the max, can you afford to spend time crunching numbers and researching tax regulations? Out of all these areas, bookkeeping is the most arduous and specialized. Relieving yourself of this duty will not only help you save time and money, but it will also let you focus on the aspects of business that got you into the fitness industry in the first place.

 

Why Bookly?

 

As per the company, “Admittedly, we are not the only cloud based bookkeeping platform out there. But unlike most of the competition, we’re much more than just a pretty dashboard—we’re a service. As a business owner you might be wondering: Are these supplies I purchased tax deductible? What percent of my equipment can I write off? What’s considered a charitable donation? “ 

 

The answer to these questions doesn’t come from a user interface, and they sure as heck don’t come from pouring through thousands of IRS documents—well, not easily anyway. No, these answers come from people, human beings, accountants—your accountant. Here at Bookly we are revolutionizing the way you run your business. As an owner you’re going to have questions—lot’s of them. And the last thing we want is for you to get penalized by the IRS, miss out on a killer tax deduction, or miss payroll all because you’re afraid of being charged an hourly fee.

About the author

IndiStart Team

IndiStart.com is your one-stop destination for StartUp and entrepreneurship related news, views, information, tools and resources. Read refreshing and informative articles, interviews, news about the StartUps and business around you. Stay informed, stay motivated.

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