Track your business finances like a pro! 📊

21 Nov 2024

Watch on YouTube

A short YouTube monologue recommending bookkeeping software; the speaker (Matt Dart) recommends Xero and explains it reconciles accounts to show profit & loss and expense categories. He gives approximate pricing guidance: a $35/month option for individuals and a higher-tier (~$80/month) for teams requiring payroll.

Questions this video answers

$35/month (as stated: 'you can just use the 35amonth option')

~$80/month (speaker said: 'living 80, 80amonth, something like that')

I suggest doing a bookkeeping software. Me personally, I use Xero. So X E R O. It's a paid subscription for those who are just working on. Working as a, as an individual, as in you don't have a team or anything. You can just use the 35amonth option. Otherwise, if you have a team, you have to do payroll and that type of stuff. You'll need the higher tier, which is living 80, 80amonth, something like that. But Xero is essentially reconciling all your accounts so you can actually see your profit and loss and you can specifically see the categories into what you're actually spending money on and how much is actually profit.