WHAT IS BOOKKEEPING?
It’s necessary if you want a successful business. It doesn’t matter if you are self-employed or have a big corporation on your hands, you need accurate books. But what are the real benefits that bookkeeping will bring?
It gives you a clear image of your financial situation. You know how much money you have, where it’s coming from, and where it goes. Being aware of your financial health allows you to have control over what happens.
If you don’t want to be stressed around tax season, you need bookkeeping. Accurate books ensure that your records can support deductions, while also avoiding penalties. Your taxes will be filed quickly and with ease as a result of simple bookkeeping tasks.
Bookkeeping provides all of the data that you need to plan ahead. Accurate data allows you to spot growth opportunities, or to identify trends. And if you want to buy anything, you need to know your financial situation first.
BOOKKEEPING FOR SELF-EMPLOYED
Bookkeeping is needed for everyone who makes money, but especially for the self-employed. You want to be focusing on all of the other important aspects of your business, not be drowned in numbers and financial records. It can be hard for the self-employed to keep the business and the personal finances separate, which is why you need bookkeeping. Clarity and structure are two of the elements that you need when you have your own business, and those come with prioritizing self-employed bookkeeping. Many people believe that they can just do their own taxes, and end up with a pile of documents that they cannot decipher. Having organized books is the secret to a successful business. How? Because that’s how you know what you can and cannot do. And you can also benefit from things like tax deductions. Having a system keeps you on track.
THE BEST BOOKKEEPING SOFTWARE FOR SELF-EMPLOYED
QuickBooks is only the best bookkeeping software available! It’s an accounting software that offers features like invoicing, payroll and expense tracking. The software also automates bookkeeping tasks to make everything quicker and more accurate. The automation reduces manual error, which is more common than you would think. It puts your records into categories, and it connects to your bank accounts, so that you can import and track transactions. You can manage payroll and inventory from within the software. And, last but not least, it generates financial reports. It’s everything that you might need or want, in one single tool. You don’t need to switch from laptop to phone, or through dozens of tabs; it’s all in one place.
The biggest advantage of QuickBooks is that it was built with the user in mind. While it’s true that only an expert will be able to use the software to its maximum capacity, anyone can use it. The basic tasks that someone would need are easy to access. The interface of this bookkeeping software for freelancers was created so that it can be browsed easily. You get real-time financial insights and you can access the platform from anywhere at any time. You can access QuickBooks from your laptop, computer or phone, as long as you have a connection to the internet. Also, multi-user access is a feature that allows multiple users to access the files that you have. So, because it makes every task easier and quicker, it’s a tool that everyone should use.
If you have any questions regarding our services, you can contact us anything. You can give us a call, or we can have an online meeting. We can help with your bookkeeping or with QuickBooks training. Proledge is ready to assist you!
FREQUENTLY ASKED QUESTIONS
The common deductible expenses are office supplies, travel costs, subscriptions (like the QuickBooks one), professional services or marketing. If you have an at-home office, you can deduct part of the rent, or the cost of your equipment. To put it simply, everything that is used for your business is a deductible expense. If your business needs it, you don’t pay taxes on it.
If you want to track your income, be aware of your cash flow, and always comply with tax regulations, you definitely need one. Bookkeeping software is not just useful for big businesses, but rather for anyone who makes money. Even for freelancers or sole traders, every cent matters, and with a software you can keep track of all of it.
All invoices, receipts and bank statements should be kept. Moreover, remember to keep everything that proves your deductible taxes, like mileage logs. It’s best to have everything both digital and physical. If you have your documents only in digital form, make sure to back up the data.
The first thing you want to do is to keep personal and business finances separate. Save and organize all of the receipts related to the business. Keep them in folders, digital or physical, with the date on them. Something like: “March, 2025”, will be very helpful when you are looking for a receipt months later.
If you are spending too much time on your books, you need to outsource. Or, if you want to focus more on your work than on tax deadlines. Outsourcing is an investment in accuracy, in your peace of mind and in the growth of your business. The good thing is that outsourcing services is also a deductible expense.
TESTIMONIALS
Working with ProLedge means professionalism and dedication. Check out what our clients had to say about our bookkeeping services!
We’ve been working with ProLedge for three years now and as a small business owner, their service has made a huge impact on both the accuracy of our bookkeeping and allowing us to focus on the things that we do well. Working with ProLedge was one of the best decisions we’ve made, and highly recommend them!
Using Proledge Bookkeeping Services to handle our bookkeeping has been excellent. My CPA focuses on year end tax planning and strategy and Proledge makes sure our books are clean and transactions are all accounted for. I’ve been a happy client for years now and they have always been easy to work with, transparent, and prompt in responding to any questions. Highly recommend!
I really like this company. They came to my rescue 3 years in a row, with my backed-up bookkeeping needs, in a timely and professional manner. It’s been a pleasure and a breeze working with Rebecca. I’m happy to have retained their services. I highly recommend them.
OUR BLOG
Our blog provides information on the latest bookkeeping news and tips. We always keep this section updated, so check our website regularly!
Although it’s probably not your first priority, and it’s not exactly the flashiest of business endeavors, in 2026, a significant percentage of your venture’s profitability potential will be made possible
The financial fortitude of modern businesses is often tied to the movement of money, in and out of companies, over a specific amount of time. Cash flow, in the contemporary
The financial fortitude of modern businesses is often tied to the movement of money, in and out of companies, over a specific amount of time. Cash flow, in the contemporary
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Melissa K is an absolute GEM to work with. She’s been working with my company since the early stages and has provided a competency that I don’t for granted. Knowing that the company books are tidy, correct, and easy to understand is the ultimate security for a startup in my opinion. Melissa is definitely a part of the team and we’re happy to work with her as we grow!