Fast Easy Bookkeeping for Independent Contractors

As an independent contractor, it is important to make sure your bookkeeping is up to date. Having your bookkeeping up to date arms you with important information such as cash flow position.

As an independent contractor, you are responsible for paying income taxes. Knowing how much you are paying out and bringing in will assist in getting your taxes paid in a timely and accurate manner.

Between earned income, expenses paid, taxes which much be claimed and bills that must be paid, there’s a lot that goes into managing self employment finances. Budgeting and bookkeeping are constant daily chores for independent contractors who are responsible for finding their own work, claiming their own income taxes and managing their bills without the support of a steady employer’s paycheck.

Having an accounting system in place will increase productivity and help your business run efficiently. By keeping track of bills, receipts, your net profit and gross profit and by maintaining a clean balance sheet you can keep an eye on your money without taking too much time from your day job.

eFolio Accounts is here to help you with your record keeping, time billing, invoicing  and to get your accounting system up and running.

eFolio Accounts is available in the cloud for on-the-go accounting and allows you to import your monthly bank statements directly into the program for ease of use. There are a variety of functions you can use for well-documented recording.

eFolio Accounts easy-to-use interface can help you get up and going whether you manage your books entirely on your own or use an outsourced bookkeeping service.

Through eFolio Accounts software and its applications we help you tie together the complexities of budgeting, taxes expenditures and billing into comprehensive financial statements.

eFolio Accounts is an online business accounting software available for an affordable price and offers a 30 day free trial before you purchase.