Accounting, Finance Discussions

Deel

Deel Business Invoicing

We are using Deel for Business payroll. How do you calculate the platform fee on the invoice?

I

Posted by Isabelle SalehFeb 10, 2023

I've used Deel recently. If I'm not mistaken, when you create the EOR contract for your employee, a management fee in USD will also be set for that specific employee.

G

Posted by Gracia EscarcegaMar 8, 2023

You can calculate it by multiplying the total amount paid to the contractor by the platform fee percentage, and add the result as a separate line item.

T

Posted by Thomas Schneider

Deel

Latest activity: Feb 21, 2023

Deel Business Invoicing

We are using Deel for Business payroll. How do you calculate the platform fee on the invoice?

I

Posted by Isabelle SalehFeb 10, 2023

I've used Deel recently. If I'm not mistaken, when you create the EOR contract for your employee, a management fee in USD will also be set for that specific employee.

G

Posted by Gracia EscarcegaMar 8, 2023

You can calculate it by multiplying the total amount paid to the contractor by the platform fee percentage, and add the result as a separate line item.

M

Posted by Marsh Carlson

Latest activity: Jun 7, 2023

May I inquire how tax refunds work for TripLog or any other mileage tracker app that you may use? I am interested to know whether it is more advantageous to keep the app running throughout my entire shift or pause it intermittently, such as in between rides. It appears to be a favorable opportunity if we are permitted to use it while traveling to rides or in between rides.

For instance, I drove 86 miles last night and earned $66. According to TripLog, my estimated tax return is $46. Based on my calculations, I expect to pay approximately $21 in taxes, resulting in a $25 refund for just one day. This seems almost too good to be true.

Thank you for your assistance.

M

Posted by Marley CooperMar 7, 2023

I think it may be more advantageous to pause the app intermittently when you are not driving for business purposes to avoid including non-deductible miles in your calculation.

J

Posted by Jessie CharlesMar 16, 2023

If you only use your vehicle for business purposes, then keeping the app running throughout your entire shift may be more beneficial. However, if you also use your vehicle for personal use, then pausing the app during those times may be necessary to avoid overestimating your business mileage.

M

Posted by Marsh Carlson

Latest activity: Jun 7, 2023

TripLog mileage question

May I inquire how tax refunds work for TripLog or any other mileage tracker app that you may use? I am interested to know whether it is more advantageous to keep the app running throughout my entire shift or pause it intermittently, such as in between rides. It appears to be a favorable opportunity if we are permitted to use it while traveling to rides or in between rides.

For instance, I drove 86 miles last night and earned $66. According to TripLog, my estimated tax return is $46. Based on my calculations, I expect to pay approximately $21 in taxes, resulting in a $25 refund for just one day. This seems almost too good to be true.

Thank you for your assistance.

M

Posted by Marley CooperMar 7, 2023

I think it may be more advantageous to pause the app intermittently when you are not driving for business purposes to avoid including non-deductible miles in your calculation.

J

Posted by Jessie CharlesMar 16, 2023

If you only use your vehicle for business purposes, then keeping the app running throughout your entire shift may be more beneficial. However, if you also use your vehicle for personal use, then pausing the app during those times may be necessary to avoid overestimating your business mileage.

Posted by Luisa Newton

Latest activity: Feb 18, 2023

Payment processor for SaaS company

What's the best recurring payment processing service for monthly billing in SaaS or websites that charge monthly subscriptions?

Posted by Edie OrrJan 2, 2023

Stripe for sure. It is widely used by SaaS and other businesses that offer monthly subscriptions.

Posted by Maia CampbellJan 16, 2023

Look into Paypal, Melio, Chargebee and Stripe. For me, Chargebee is the best recurring billing software because of its easy-to-use interface and comprehensive suite of features and products.

Posted by Luisa Newton

Latest activity: Feb 18, 2023

Payment processor for SaaS company

What's the best recurring payment processing service for monthly billing in SaaS or websites that charge monthly subscriptions?

Posted by Edie OrrJan 2, 2023

Stripe for sure. It is widely used by SaaS and other businesses that offer monthly subscriptions.

Posted by Maia CampbellJan 16, 2023

Look into Paypal, Melio, Chargebee and Stripe. For me, Chargebee is the best recurring billing software because of its easy-to-use interface and comprehensive suite of features and products.

M

Posted by Martin Cook

Latest activity: Jan 17, 2024

FlowCog

FlowCog Users, how has the platform improved your decision-making process?

I've been using FlowCog to streamline our financial reporting, but I'm curious to hear from others about its impact on decision-making. How has the platform influenced your strategic choices based on the insights it provides?

R

Posted by Russell CarrJan 15, 2024

The dynamic nature of FlowCog's projections has significantly improved our decision-making agility. The ability to model various scenarios and instantly see the potential outcomes allows us to pivot quickly in response to market changes. It has become an invaluable asset in our strategy meetings, fostering a more adaptive and responsive approach to our business challenges.

M

Posted by Martin Cook

FlowCog

Latest activity: Jan 17, 2024

FlowCog Users, how has the platform improved your decision-making process?

I've been using FlowCog to streamline our financial reporting, but I'm curious to hear from others about its impact on decision-making. How has the platform influenced your strategic choices based on the insights it provides?

R

Posted by Russell CarrJan 15, 2024

The dynamic nature of FlowCog's projections has significantly improved our decision-making agility. The ability to model various scenarios and instantly see the potential outcomes allows us to pivot quickly in response to market changes. It has become an invaluable asset in our strategy meetings, fostering a more adaptive and responsive approach to our business challenges.

Posted by Jeremy Crane

Latest activity: Sep 5, 2023

Retrievables, new to Nacho Nacho, helps businesses collect money.

I am excited to have joined Nacho Nacho's marketplace.

Retrievables connects businesses that are owed money to law firms that concentrate their practices in the area of collections.

Collections law firms distinguish themselves from traditional collections methods like in-house efforts and utilization of collections agencies by employing the tools of the court system to collect.

Feel free to reach out if you have a need. We're here to help!

Posted by Jeremy Crane

Latest activity: Sep 5, 2023

Retrievables, new to Nacho Nacho, helps businesses collect money.

I am excited to have joined Nacho Nacho's marketplace.

Retrievables connects businesses that are owed money to law firms that concentrate their practices in the area of collections.

Collections law firms distinguish themselves from traditional collections methods like in-house efforts and utilization of collections agencies by employing the tools of the court system to collect.

Feel free to reach out if you have a need. We're here to help!

T

Posted by Tasnim Townsend

Latest activity: Apr 4, 2024

Calqulate Metrics

Unleashing the Power of Data Visualization with Calqulate Metrics

Data visualization is a key component of Calqulate Metrics. From cash management dashboards to revenue forecasting charts, the options seem endless. What's your favorite chart or visualization within Calqulate? How has it helped you communicate financial insights within your team or to stakeholders?

I

Posted by Iris RochaJan 5, 2024

Calqulate's revenue analysis charts have become our go-to for board meetings. The visual representation of revenue sources and trends adds a layer of clarity that traditional reports lack.

B

Posted by Beatrice JohnsonApr 4, 2024

The cash management dashboard in Calqulate is a visual masterpiece. It provides a real-time snapshot of our cash position, highlighting peaks and troughs. This visual representation not only simplifies complex financial data for our team but also facilitates more informed decision-making during critical periods.

T

Posted by Tasnim Townsend

Calqulate Metrics

Latest activity: Apr 4, 2024

Unleashing the Power of Data Visualization with Calqulate Metrics

Data visualization is a key component of Calqulate Metrics. From cash management dashboards to revenue forecasting charts, the options seem endless. What's your favorite chart or visualization within Calqulate? How has it helped you communicate financial insights within your team or to stakeholders?

I

Posted by Iris RochaJan 5, 2024

Calqulate's revenue analysis charts have become our go-to for board meetings. The visual representation of revenue sources and trends adds a layer of clarity that traditional reports lack.

B

Posted by Beatrice JohnsonApr 4, 2024

The cash management dashboard in Calqulate is a visual masterpiece. It provides a real-time snapshot of our cash position, highlighting peaks and troughs. This visual representation not only simplifies complex financial data for our team but also facilitates more informed decision-making during critical periods.

Posted by Abbey Thomas

Latest activity: Aug 16, 2023

Quoter

Sales Quoting with Quoter

Has anyone here used Quoter for their business? I'd love to hear about your experience with its features like dynamic bundling, team collaboration, and sales enablement. How has it impacted your revenue and overall sales process?

C

Posted by Cheng TuAug 16, 2023

I've been using Quoter for my MSP business, and its dynamic bundling and upselling features have significantly boosted our revenue. The simplified quote templates have reduced errors and saved us time. Moreover, the seamless integration with our CRM and accounting tools has made the whole quote-to-cash process smoother. Our team can now fire off quotes quickly, and the ability to get approvals, signatures, and payments without sending emails has closed deals faster.

Posted by Abbey Thomas

Quoter

Latest activity: Aug 16, 2023

Sales Quoting with Quoter

Has anyone here used Quoter for their business? I'd love to hear about your experience with its features like dynamic bundling, team collaboration, and sales enablement. How has it impacted your revenue and overall sales process?

C

Posted by Cheng TuAug 16, 2023

I've been using Quoter for my MSP business, and its dynamic bundling and upselling features have significantly boosted our revenue. The simplified quote templates have reduced errors and saved us time. Moreover, the seamless integration with our CRM and accounting tools has made the whole quote-to-cash process smoother. Our team can now fire off quotes quickly, and the ability to get approvals, signatures, and payments without sending emails has closed deals faster.

Q

Posted by Qin Bolin

Latest activity: Apr 22, 2024

Curious about TripLog's Accuracy - Any Discrepancies?

I recently started using TripLog for mileage tracking, and while it seems pretty efficient, I'm curious to know if anyone has experienced any discrepancies in the automatic mileage tracking. How accurate has TripLog been for you?

T

Posted by Tsuji HoshikoApr 22, 2024

TripLog's accuracy has been impressive. The GPS tracking is quite precise, but occasionally it struggles in areas with poor signal. To mitigate this, I make it a point to double-check my entries, especially in those tricky signal spots.

Q

Posted by Qin Bolin

Latest activity: Apr 22, 2024

Curious about TripLog's Accuracy - Any Discrepancies?

I recently started using TripLog for mileage tracking, and while it seems pretty efficient, I'm curious to know if anyone has experienced any discrepancies in the automatic mileage tracking. How accurate has TripLog been for you?

T

Posted by Tsuji HoshikoApr 22, 2024

TripLog's accuracy has been impressive. The GPS tracking is quite precise, but occasionally it struggles in areas with poor signal. To mitigate this, I make it a point to double-check my entries, especially in those tricky signal spots.

M

Posted by Mariyah Erickson

Latest activity: Sep 28, 2023

Xero

Xero and Multi-Currency

I'm curious about how it manages multi-currency transactions. If you've dealt with foreign currencies in Xero, can you share your experience? And are there any hidden costs or fees related to this?

A

Posted by Anonymous #7122Sep 28, 2023

There are no hidden fees but you'll need to subscribe to the 'Established' plan, which is the only Xero plan that supports multi-currency at this time. Xero receives exchange rates from XE.com on an hourly basis & selecting a base currency / adding foreign currencies is a fairly easy process. This may be helpful:

https://central.xero.com/s/article/About-multicurrency

J

Posted by Janet HoodSep 28, 2023

I've been using Xero primarily with USD and EUR. It updates exchange rates daily, but you can also manually enter rates if needed. This has been quite useful for invoice accuracy. As for fees, Xero itself doesn't charge anything extra for multi-currency support, but you need to be on their Premium plan.

M

Posted by Mariyah Erickson

Xero

Latest activity: Sep 28, 2023

Xero and Multi-Currency

I'm curious about how it manages multi-currency transactions. If you've dealt with foreign currencies in Xero, can you share your experience? And are there any hidden costs or fees related to this?

A

Posted by Anonymous #7122Sep 28, 2023

There are no hidden fees but you'll need to subscribe to the 'Established' plan, which is the only Xero plan that supports multi-currency at this time. Xero receives exchange rates from XE.com on an hourly basis & selecting a base currency / adding foreign currencies is a fairly easy process. This may be helpful:

https://central.xero.com/s/article/About-multicurrency

J

Posted by Janet HoodSep 28, 2023

I've been using Xero primarily with USD and EUR. It updates exchange rates daily, but you can also manually enter rates if needed. This has been quite useful for invoice accuracy. As for fees, Xero itself doesn't charge anything extra for multi-currency support, but you need to be on their Premium plan.

U

Posted by Uda Yoriyuki

Latest activity: Aug 25, 2023

Bench

How does Bench ensure data security?

I've been considering using Bench for managing my financial data, but I'm curious about how they handle data security. If you've used Bench, could you please share your experience with the platform's security measures and how confident you feel about entrusting your financial information to them? Thanks a bunch!

R

Posted by Ray GeorgeAug 25, 2023

I've been using Bench for a couple of years now, and I must say that their commitment to data security is impressive. They use bank-level encryption to protect financial data, and access is strictly limited to authorized personnel. Two-factor authentication adds an extra layer of security. Plus, regular security audits provide peace of mind. Overall, I feel quite confident in Bench's data security measures.

U

Posted by Uda Yoriyuki

Bench

Latest activity: Aug 25, 2023

How does Bench ensure data security?

I've been considering using Bench for managing my financial data, but I'm curious about how they handle data security. If you've used Bench, could you please share your experience with the platform's security measures and how confident you feel about entrusting your financial information to them? Thanks a bunch!

R

Posted by Ray GeorgeAug 25, 2023

I've been using Bench for a couple of years now, and I must say that their commitment to data security is impressive. They use bank-level encryption to protect financial data, and access is strictly limited to authorized personnel. Two-factor authentication adds an extra layer of security. Plus, regular security audits provide peace of mind. Overall, I feel quite confident in Bench's data security measures.