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Accounting... not something that gets most of our juices flowing LOL, but it is a very necessary topic to cover since we all run our own businesses. We hope to have a future episode on this topic again (or very similar) but with non-US based hosts so we can discuss options for our non-US listeners.\n\nOur own Shannon Shaffer has gathered a ton of useful resources for your accounting pleasure :P\n\nHosts Present:\n\n \tDavid Blackmon - Aspen Grove Studios / FB / @aspengrovellc\n \tCory Jenkins - Aspen Grove Studios / FB / @aspengrovellc\n \tTim Strifler - Divi Life / FB / @timstrifler\n \tShannon Shaffer - PFS Digital / FB\xa0/ @purplefinchfoto\n \tLeslie Bernal - A Girl and Her Mac / FB / @agirlandhermac\n \tJosh Hall - JoshHall.co / FB\n\n\nAwesome Resources:\n\nDetermining Your Entity Type\nWhen beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.\n\nGovernment Resources (USA only)\n\n \tSole Proprietorships\n \tPartnerships\n \tCorporations\n \tS Corporations\n \tLimited Liability Company (LLC)\n\nOther Resources\n\n \tDifferent Types Of Business Structures You Need To Know\n \tSole Proprietorship The Best Legal Structure For Your New Business?\n \tHow Structure Affects Your Small Business Tax Obligations\n \tHow To Create A Limited Liability Company (LLC)\n \tWhat\u2019s An S-Corporation, And How Do You Form One?\n \tHow To Form A Corporation: 9 Vital Steps\n\n\nObtaining an EIN\nEmployer Identification Numbers are issued for the purpose of tax administration.\n\n \tLearn how to obtain an EIN here. \n\n\nAccounting Software\nChoosing your accounting software can be overwhelming, here are some of our favorites. Keep in mind that not all of these systems are full accounting systems, but provide the base accounting you need for a CPA.\n\nWave Accounting\n\nWave accounting is free accounting software that is an good choice for beginners. There are fees for upgraded offerings. Wave features true double entry accounting, invoicing, payments, payroll and more. Pay only for the upgraded features when you need them.\n\n\n \t\nEasy, real accounting\n \tRun multiple businesses in one account\n \t\nSeamless integration with payroll\n \tBill and invoice reminders\n \tConnect Wave with PayPal\n \tCustomized, professional invoices\n \tEasy bank reconciliation\n \tUnlimited expense tracking\n\nFreshbooks\n\n\nFreshbooks is a clean, easy to use system, perfect for small business or sole proprietorship. Freshbooks starts at $15 a month for an entry level plan. Freshbooks definitely is designed with the non-accounting professional in mind. Freshbooks also integrates easily with many common apps and SaaS offerings.\n\nSome features include:\n\n \tOnline invoicing.\n \tTime tracking.\n \tElectronic payments.\n \tTimesheet management.\n \tLate payment reminders.\n \tExpense tracking.\n \tAccounting reports & taxes.\n \tAutomatic expense import.\n\n17 Hats\n\n17hats goes beyond just an accounting system. It is a system that helps to automate your business processes. It is designed to allow you to invoice, send quotes, and manage leads. This is a better option as your company grows. 17hats starts at $25 a month and allows you to manage your entire business in one spot.\n\nSome features include:\n\n \tClient Profile Management\n \tInvoice Management\n \tScheduling\n \tCredit Card Payments\n \tTemplates\n \tOnline Contract Signing\n \tBilling\n \tLead Generation\n\nDubsado\n\nDubsado is a newer player in the accounting world. They call themselves a "Client Management System for Creative Entrepreneurs" . This system allows you to send contracts, invoices, questionnaires and manage all things business in one system.