Enter my number crunching savior: Outright.
Outright is a cloud-based accounting software that helps small business owners organize their finances and prepares them for tax time in an easy, smart way by pulling accounts into one, easy-to-navigate place. It seamlessly syncs with all your online e-commerce sites, such as Etsy, Big Cartel, eBay, your own personal selling site and the like, along with PayPal and your bank accounts. You choose what accounts to to sync it with and it will download and automatically categorize transactions all the various transactions on a nightly basis, in a way the IRS expects, to keep your taxes organized and you up-to-speed on where your money is coming and going. Needless to say, it makes keeping track of your business financials clear cut and easy-to-understand.
One of my favorite Outright features is the business tracking portion, which has fantastic charts and graphs to help you keep track of who's buying, how much money you're making and sales by state. Oh yeah, and by-the-way, this part is free (and always will be). Even the tax portion, which breaks everything down for your Schedule C / 1099-K, is free until the end of the year and is only $9.99/mo starting in January. This, to me, is so worth avoiding the tax headache of trying to do it myself or pulling transactions into one of the more complex programs like Quickbooks. No, thank you.
Not only is Outright incredible for helping so many of us simplify our small business accounting (10,000+ Etsy sellers and counting!), but they're one of our sponsors for this weekend's Etsy New York Holiday Handmade Cavalcade! Click here to set up your free account and let Outright do the rest.
See you at the Cavalcade!
Fritz & Fräulein
Etsy New York thanks Outright for sponsoring the Holiday Handmade Cavalcade!
When: Saturday & Sunday, December 1st and 2nd
Time: 11am - 6pm
Where: The Space, 50 North 3rd Street (between Kent and Wythe), Williamsburg, Brooklyn
More information about our other sponsors, goodie bag contributions, our awesome food vendors, and other Cavalcade news is coming up, so stay tuned!