
If you are small or mid-size business owner in the US, you might have felt the need of having an accounting software for managing your business needs. Thankfully, there are a range of accounting software which can be considered to fit this bill. Below are listed some of the popular accounting software which are likely to match your business aspirations more than before in the current market scenario.
Deltek Costpoint
If you happen to be a government contractor in the US, Deltek Costpoint is among the best accounting software which you can consider. This accounting software is likely to meet your project management and accounting needs so that you are able to draw the maximum benefit from your task. You can keep a tab on payable accounts, receivable accounts, billing and invoicing tasks, tracking of expenses, and management of fixed asset when this accounting software is at work.
Dynamics 365
If you are looking forward to availing integrated business management solutions, Dynamics 365 is among the accounting software which you should consider for meeting the impending needs. This accounting software has a range of features including billing and invoicing, budgeting, financial reporting, and lead generation features which will in all likelihood provide you the required dynamics to manage the accounting needs for your business.
Accounting Suite
This accounting software is capable of managing payable account, receivable account, and bank reconciliation statements. In addition, you can also put this accounting software to other uses like managing the general ledger and payroll management. Upgradation of old bank statements is also very easy with the use of this accounting software.
Neat Small Business Solutions
Businesses which have a high volume of monthly expense transactions can consider using accounting software like Neat Small Business Solutions since it will help categorize and organize the data and will manage the accounting and taxation needs of the business enterprise.
You can easily manage the bank reconciliation needs through the use of this accounting software. In addition, this software can also manage your expense tracking and tax management needs thus helping you take the much-needed break in the hectic days when tax submissions are to be done.
SlickPie
This is an online accounting software which can be used for free. It has been designed for managing small businesses and offers online invoicing and billing facilities. In addition, you can also conduct bank reconciliation, financial reporting, expense tracking, sale tax management and many other services through the use of this accounting software.
This accounting software is also extremely popular due to its automation feature service which includes automatic payment reminder service and management of recurring invoices. It also offers an automated receipt data entry tool which makes conducting the data entry work fairly easy. Cash management, expense tracking, and management of tax can also be easily carried out with help of this accounting software.
Arithmo
This is an online accounting software which is known to automatically calculate the amount of tax payable and easily manage the bank accounts for small businesses including for people who are self-employed or in the freelance business.
With Arithmo, you can check the payable account, receivable account, bank reconciliation, and manage your billing and invoicing needs. A paid version of this accounting software is also available which comes with enhanced features.
Passport Business Solutions
This is a back-office accounting package which offers a host of business solutions to any mid-size business. This accounting software also serves those who are in the distribution and retail business. This accounting software can be used to manage the general ledger, payroll management, and tax management needs of any middle-sized business operation.
These accounting software can either be purchased online by visiting the respective websites of these solution providers or visiting their branch office if it is located in your state or city. Some of these accounting software also come for free and you can always check accordingly if they meet your accounting requirements.
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Your guide to getting FHA loan approvals
Read moreA Federal Housing Administration (FHA) loan is a type of mortgage which is insured by the FHA and is considered one of the most affordable and fastest loans to procure.
Simply put, the borrower needs to be approved by the FHA to get this loan. You may then look for different mortgage rates with different FHA-approved lenders. There are plenty of portals which may help you get fast quotes and you may subsequently take the process ahead with any lender whose rates you have found affordable.
Important guidelines to get an FHA loan approval
Discussed below are a few important aspects to keep in mind while applying for an FHA loan.Credit score
The credit score requirement to get an FHA loan approval is not stringent. The minimum eligible credit score for the same is 580. Even if you do not have a credit history, your lender will need to evaluate your eligibility, based on a non-traditional merged credit. Some borrowers may require a score of 640-680 to be eligible for this loan.While this is a guideline set, many lenders also give a loan to people with a credit score of at least 500.
Debt to income ratio
The debt to income ratio is a critical guideline followed by lenders to evaluate the eligibility of a borrower. It is a way in which lenders (even mortgage lenders) calculate a borrower’s ability to repay the debts, considering their regular incomes. The acceptable limit of this ratio is 31:43 to get an FHA loan approval.Mortgage insurance
Even though getting an approval for an FHA loan seems fairly easy, the real challenge arises in getting two types of mortgage insurances as prerequisites. One insurance needs to be paid fully while the other has to have a provision of being paid in monthly installments.Down payment
The minimum down payment required for an FHA loan approval is 3.5%. While the standard rate for down payment runs at 20%, the 3.5% comes as a great relief for borrowers who cannot afford such a high amount.Other important areas
A lender will look into your employment history, lawful residency in the US, as well as a valid Social Security number (SSN). You would also require to have an appraisal for the property from a verified FHA-approved appraiser.The other requirements differ from lender to lender, and it is always advisable to gather full information about your verified FHA loan lender before applying for a loan.
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3 ways SMA patients and caregivers can maintain a healthy relationship
Read moreThe relationship between a person diagnosed with spinal muscular atrophy (SMA) and their caregiver is a two-way street. It is important to remember that both the patient and caregiver have their individual needs that should be communicated clearly. Irrespective of whether the primary caregiver is a parent, friend, or someone who has been hired to take care of the SMA patient, there are a few important things to consider for a healthy relationship between them. Below are three tips for SMA patients to maintain a healthy relationship with their caregivers-
- Informing the caregiver in advance about any schedule changes
SMA patients should remember that their caregivers, whether family, friends or professional caregivers, have their own schedules and needs. One needs to ensure that they don’t make any last-minute changes without informing the caregiver well in advance. A caregiver plans everything according to the SMA patient’s schedule, and any sudden changes might cause problems with the caregiver’s schedule and routine. It is important to remember that the caregiver is likely to have other jobs, people to meet, and other personal errands of their own. Hence, it is essential to inform the caregiver in advance if there are any changes to one’s schedule.
- Conveying one’s needs clearly
If an SMA patient is hiring someone through an agency or via the Internet, it is vital to know that the caregiver has probably had clients with a wide range of needs, levels of independence, and abilities. Hence, it is necessary for the patient to inform the caregiver about what their specific needs are, what tasks they can do, and what tasks they cannot perform. The best way that a caregiver will be able to help a patient properly and cater to all their needs is by just communicating with them. If one is used to doing certain things in a particular manner, let the caregiver know that beforehand so that they are able to do their job thoroughly by keeping their patient’s needs in mind.
- It is okay to have disagreements with the caregiver
When the caregiver is a friend or family member, fights and arguments are inevitable. However, when one has a fight, a confusion, a misunderstanding, or whether there is a simple disagreement with one’s caregiver, one needs to ensure that this tension does not last. It is important to communicate openly and work together towards solving the problem.
- Informing the caregiver in advance about any schedule changes