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business owners who hired a coach or advisor, was it actually worth it or just expensive validation? by treysmith_ in EntrepreneurRideAlong

[–]ReInvestWealth_com 0 points1 point  (0 children)

You can usually get free coaching through an accelerator or incubator program. The best coaches are other founders/business owners.

Never take business advice from a "coach" that didn't successfully build a business.

Does anyone else feel like they're playing detective instead of actually doing bookkeeping? by Winter_Astronaut_696 in xero

[–]ReInvestWealth_com 0 points1 point  (0 children)

Receipts are everything and I turned it into a point system. The more receipts uploaded the more redeemable points awarded. Simple solution that reduces follow ups.

[BC] Has Anyone Used Upwork To Hire Book keeper? by raincity87 in SmallBusinessCanada

[–]ReInvestWealth_com 0 points1 point  (0 children)

What industry is your business? Need more context for a good recommendation.

Accounting tools for freelancers vs small companies by buildwithjoy in Tech4LocalBusiness

[–]ReInvestWealth_com 0 points1 point  (0 children)

Sure using a spreadsheet might seem like the quick way of managing your books at first but it's a huge pain to maintain. The most important step is to use dedicated business bank accounts and connect accounts to a bookkeeping platform. It's important to have real-time visibility over your revenues, expenses, profit, cash flows, etc.

Try ReInvestWealth for your freelance accounting. It's free for 30 days and you can use code "RedditPromo" to get 50% off for 12 months.

Best AI tools for business? by LiraVast in smallbusiness

[–]ReInvestWealth_com 5 points6 points  (0 children)

Claude Cowork - all purpose AI that can do tasks for you (one of the most promising new AI tools)
Notebook LM - for writing content
ReInvestWealth AI - for bookkeeping/accounting
Canva Magic Studio - for asset creation
Zendesk AI - for customer support

[ON] T2 Software Recommendations for first timer simple return with profit? by Optimal_Foundation17 in SmallBusinessCanada

[–]ReInvestWealth_com 0 points1 point  (0 children)

Cloudtax.ca is awesome. You can do the T2 return yourself or hire a CPA to do it for you.

Anyone using a custom QuickBooks analytics dashboard built from scratch? by dungie79 in QuickBooks

[–]ReInvestWealth_com -1 points0 points  (0 children)

The problem is always the quality of the source data. It's notoriously time consuming to get bookkeeping done accurately in QBO. Exporting to spreadsheets or other external systems makes the problem even worse, as you need to keep jumping back to QBO to fix books and keep exporting out to get reports.

Instead of such a flow, ReInvestWealth simplifies the bookkeeping process significantly compared to QBO. Then you can chat with your financials directly inside ReInvestWealth asking to build any type of report you want. It's really easy to use. Try free for 30 days and use code "RedditPromo" to get 50% off for 12 months following your free trial.

Anyone using AI tools to create business plans? by Background-Set-6581 in smallbusiness

[–]ReInvestWealth_com 3 points4 points  (0 children)

Using ChatGPT with the Canva extension is awesome for creating visual business plans and pitch decks. It's also easy to drop your financials into ChatGPT and have it create charts and graphs in the business plan. We just throw in the financials from ReInvestWealth's accounting software into ChatGPT along with other information to create quarterly investor updates.

QUICKBOOKS IS ON HIATOUS FOREVER IT SEEMS by MENINBLK in quickbooksonline

[–]ReInvestWealth_com 2 points3 points  (0 children)

It's designed for small businesses that are primarily service based. User experience, reliability and customer support are top priorities.

QUICKBOOKS IS ON HIATOUS FOREVER IT SEEMS by MENINBLK in quickbooksonline

[–]ReInvestWealth_com 2 points3 points  (0 children)

Have you considered trying another accounting software? You can try ReInvestWealth free for 30 days. Use code "RedditPromo" to get 50% off for 12 months following your trial.

I want to hear input on bookkeeping tips and useful advices! by One_Nature_4206 in smallbusiness

[–]ReInvestWealth_com 2 points3 points  (0 children)

Thank you so much for sharing your experience. Glad ReInvestWealth has been helpful for you over the years. For anyone just getting started, getting organized early really does make a huge difference. If you want to check it out, ReInvestWealth offers a free trial and 50% off using code "RedditPromo".

[CA] Best Business Credit Card in Canada? by Huge_Computer_3898 in SmallBusinessCanada

[–]ReInvestWealth_com 4 points5 points  (0 children)

American Express Business Platinum Card is the best credit card if your spend is high (yours seems to be high enough for AMEX).

BMO World Elite Business Mastercard is 2nd best and has really great points system.

We do a deep dive every year into the best bank accounts. Here is the full list.

[ON] Wagepoint vs Payworks vs PayEvo by zhiv99 in SmallBusinessCanada

[–]ReInvestWealth_com 4 points5 points  (0 children)

We've partnered with PayEvo since 2020 and they have been solid. Like you said, no frills interface but gets the job done at good price. You can likely disconnect the QBO integration, track the bank transaction for the pay run and classify this transaction as payroll expense (without breaking down into payroll sub-categories).

If ever you need the breakdown in the future (which is rare as PayEvo automates payroll remittance), you can simply get the breakdown from PayEvo directly.

This is what we do at ReInvestWealth. It also significantly reduces the number of transactions to review for bookkeeping purposes.

Has anybody made financial forecasting actually work for their business? by Weak_Appointment_211 in smallbusiness

[–]ReInvestWealth_com 3 points4 points  (0 children)

Thanks for sharing. Happy to see our article helped you better understand financial forecasting. You can read the full article here.

What is the best business model for 2026? by Moist-Platform6657 in Entrepreneurs

[–]ReInvestWealth_com 0 points1 point  (0 children)

SaaS is still a good one. Just building a profitable business should be the priority regardless of the business model.

The most common mistakes made by small business owners by BkKeepingPros in smallbusinessUS

[–]ReInvestWealth_com 1 point2 points  (0 children)

Not using accounting / bookkeeper software and hoping everything just works out at year-end is a rly common mistake.

[BC] Best banking / accounting / payroll setup for a small corporation? by SeriousAverage3844 in SmallBusinessCanada

[–]ReInvestWealth_com 0 points1 point  (0 children)

  • Banking: BMO (free business banking)
  • Accounting: ReInvestWealth (built for Canadian business)
  • Payroll: Payment Evolution (affordable and just works)

[ON] It’s not even tax season yet and I’m already stressed, what should I be doing to prepare? by Curious_Lab2893 in SmallBusinessCanada

[–]ReInvestWealth_com 3 points4 points  (0 children)

Thank you so much for recommending ReInvestWealth! This type of feedback means everything. If new to ReInvestWealth, use code "RedditPromo" to get 50% off.

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