Many people who are used to operating as employees or self-employed are sometimes worried about trading via a company, such as an LLC. 

In fact, trading as a company is really easy and has the benefits of a more organised way to conduct business.

 

Here are the tools we recommend for trading as a company:

Xero - we recommend creating an account with Xero (www.xero.com). Xero is a modern, award-winning accounting software. 

After creating an account, you could create invoices and send them to your clients.

 

Wise - Wise (previously Transferwise) offers bank-like and currency conversion services. Wise could be linked to Xero as a bank account (each currency is a separate account).

 

Dext - Dext simplifies and automates the process of converting paper receipts into bills that can later easily be reported as expenses. Dext can be linked to Xero as well.

 

That's it! This is all you need to run a successful business via a company!


Frequently Asked Questions

Automatically Created

What is the benefit of operating a business via a company like an LLC?
Operating via a company like an LLC offers a more organized way to conduct business.
What accounting software is recommended for businesses operating as a company?
Xero is recommended as it is a modern, award-winning accounting software that allows you to create and send invoices.
How can I handle currency conversion for my business?
Wise offers bank-like and currency conversion services and can be linked to Xero as a separate account for each currency.
What tool can help automate the conversion of paper receipts into bills?
Dext simplifies and automates the process of converting paper receipts into bills, and it can be linked to Xero.