Are you one of the countless business owners struggling to secure funding? You know the money is out there, but you’re not sure how to get it, or what lenders are looking for. I used to be in the same position, but I discovered one simple, powerful tool that changed everything. My secret to unlocking unlimited funding is right at your fingertips.
While basic steps like registering your business with the Secretary of State and getting an EIN are crucial, they’re just the minimum. What truly makes your business “fundable” is having a proper accounting system in place. A good accounting software, like FreshBooks , goes beyond just tracking expenses. It’s the key to creating the clear, professional financial records that lenders require.
The Power of Invoicing and Getting Paid
One of the biggest reasons businesses fail is a lack of cash flow. I can tell you from experience, you can have a great product or service, but if you’re not getting paid, your business can’t survive. Accounting software solves this problem by allowing you to:
- Create and Send Invoices: With FreshBooks, I can create and send professional invoices in seconds, making it easy to bill my customers.
- Automate Reminders: I don’t waste time chasing down late payments. FreshBooks automatically sends friendly reminders to my customers, ensuring I get paid faster.
- Track Accounts Receivable: My outstanding invoices are a valuable asset. Accounting software helps me see exactly how much money is owed to my business, a key piece of information lenders look for.
Why FreshBooks is the Best Choice for Entrepreneurs
FreshBooks was designed by a business owner for business owners, making it incredibly user-friendly, even if you have no accounting background. It’s built for people like me—freelancers, solopreneurs, and small business owners who need to get the job done without a lot of hassle. In addition to robust invoicing features, FreshBooks allows me to accept credit card payments, track expenses, manage bills, and even provides me with the reports lenders need, all in one easy-to-use platform.
Be Tax-Ready and Funding-Ready
A huge hurdle for many businesses seeking funding is a lack of organized financial records and tax readiness. With a cloud-based accounting software like FreshBooks, all of my expenses, invoices, and liabilities are tracked automatically. This not only makes my business more organized but also ensures I’m tax-ready year-round, saving me a tremendous amount of time and stress during tax season.
Unlock Funding with Your Invoices
Did you know your outstanding invoices can get you a loan? This is called factoring. Lenders will lend you a portion of the money owed to your business, providing you with much-needed cash flow while you wait for your customers to pay. Similarly, a merchant cash advance is a loan based on your business’s credit card sales. Both of these funding options rely on having clear, organized financial records, which is exactly what a good accounting software provides. Without these records, you’re invisible to these lenders.
I strongly encourage you to get started with FreshBooks today. Not only will it organize your business and help you get paid, but it will open up a world of funding opportunities. Use the link below to get a free trial and an amazing deal of 70% off for four months.
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This is Noelle. To your success!
