It’s that time of year. Today, marks the start of the new financial year for FY2016/2017. The time is also something that small business operators dread; tax time. In an age where technology is transforming everything from the way get from one place to another, to how we buy clothes and groceries, the rise of contractors, freelancers, collectives, creatives and sole traders has seen more small business owners searching for a new way of keeping track of their expenses, invoices and their time.
While there are plenty of accounting apps and software on the market, Australian start-up Rounded has developed a unique point of difference- it’s created by freelancers, for freelancers. Often accounting systems can be clunky, complicated and require large amounts of data entry, which can leave you feeling like a dog chasing its tail. With a clean, simple, easy-to-use dashboard, the program helps users track their invoices, receipts and expenses to offer a snapshot of a businesses’ gross income, taxable income, outstanding payments and more. Best of all, it makes tax time a breeze with all your information sorted and ready to be processed.
The team at Rounded have also teamed up with a payment processing company Stripe, which allows users to make effortless payments online while providing robust security for customers. Stripe is used by thousands of companies and not-for profit organisations around the world to help their clients and customers may easy payments using mobile devices as well as on traditional websites.
We have recently made the switch from PayPal to Stripe to manage our online payments, so we can easily accept credit card payments in a simple, easy-to-use interface.
As a freelance graphic designer on the sunshine coast we’ve already made the switch to Rounded and can relax that all our invoices, estimates for logo design or website design can be created in seconds…. Using the online cloud-based accounting system or the handy iPhone app on the go! So, if you’re looking for a fast and easy way to keep track of your business finances through the year, and simplify your life at tax time, it pays to keep up with new developments in the fast-growing online payments space. Check out Rounded for more information about how they can help streamline your online payments and business accounting needs.