Simple, Reliable Bookkeeping for Your Small Business

Track income & expenses effortlessly. Built for freelancers, solopreneurs, and micro-businesses. No jargon. No clutter. Just clarity.

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Unlock the Benefits of Cash Basis Accounting with xlLedger

Ideal for Small Businesses

Did you know the IRS allows small businesses with average gross receipts of $26 million or less to use Cash Basis accounting? This method simplifies bookkeeping by focusing on the actual movement of money. While some exceptions apply to larger businesses, most small businesses can take full advantage of this straightforward approach.

How Cash Basis Works

Income Recognition: All income is recognized when it is constructively received by your business, with no restrictions.


Expense Recognition: Expenses are recognized when paid or disbursed, including charges made to a credit card. These are considered disbursed even if the balance hasn't been paid yet.

Why Choose xlLedger?

xlLedger is designed to make Cash Basis accounting easier and more efficient. Our app leverages the latest technology to simplify your bookkeeping, saving you time and reducing stress. With xlLedger, you can focus on what matters most—growing your business.

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Simplified Bookkeeping with xlLedger

At xlLedger, we focus on bringing bookkeeping back to its essential functions, specifically tailored for cash basis accounting. Our platform offers a streamlined, ledger-based system that removes the complexities often found in traditional accounting software. By eliminating unnecessary features like accounts receivable, accounts payable, and inventory management, xlLedger provides a straightforward solution for businesses that don’t require these extras.


Our system is perfect for entities that either don’t need these features or have third-party services handling daily operations. xlLedger is designed to efficiently track the inflows and outflows of all your financial accounts, ensuring that your bookkeeping remains simple and hassle-free.


By focusing on the core aspects of cash basis accounting, xlLedger offers a solution that is both powerful and simple. Whether you are a small business owner, freelancer, or part of a larger organization with dedicated operational support, xlLedger helps you manage your finances with ease.


Try xlLedger today and experience the simplicity of streamlined bookkeeping. Simplify your financial management and focus on what you do best.

Features

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Designed for Micro-Enterprises and Small Businesses

Whether you're a gig worker, freelancer, or small business owner, xlLedger is tailored to meet your unique needs. Our system is ideal for those who don't require complex features like accounts receivable, accounts payable, or inventory management.

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Cost-Effective Solution

No more paying for features you don't need. xlLedger offers a fixed annual fee based on your chosen number of transactions, ensuring you only pay for what you use. Say goodbye to monthly subscriptions and unexpected charges.

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Streamlined Financial Tracking

Track income and expenses effortlessly with our user-friendly interface. xlLedger makes it easy to see where your money is coming from and where it's going, helping you stay organized and in control.

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Time-Saving Efficiency

Spend less time on bookkeeping and more time on growing your business. xlLedger simplifies your financial management tasks, allowing you to focus on what matters most.

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Reduced Errors and Improved Accuracy

xlLedger is designed to be intuitive and easy to navigate, making bookkeeping a breeze even for those without an accounting background.

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Easy Setup and User-Friendly Interface

Get started quickly with xlLedger’s intuitive setup process. Our platform is designed to be easy to navigate, even for those without an accounting background.

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Compliance with IRS Regulations

xlLedger’s cash basis accounting method complies with IRS regulations, making it easier for you to manage your finances and prepare for tax time.

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Secure Data Handling

Your financial information is securely stored and protected with xlLedger. We prioritize your data privacy and security, giving you peace of mind.

How it works

Getting started is easy and intuitive. We have these simple steps to efficiently manage your finances:


  1. Sign Up: Create your xlLedger account.
  2. Create Business: Set up your business profile.
  3. Add Financial Accounts: Set up your bank and credit card accounts.
  4. Access the System: Log in to start managing your finances.
  5. Enter Transactions: Manually input or directly import transactions.
  6. Categorize Transactions: Organize your expenses and income.
  7. Generate Reports: Produce financial and tax summary reports.

Who Can Benefit from xlLedger?

xlLedger is the ultimate cash basis app for the self-employed, tailored to meet the unique needs of various industries. Whether you're managing your own business or freelancing, xlLedger simplifies bookkeeping so you can focus on what you do best.

Gig Workers

Easily track your earnings and expenses from multiple gigs.

Insurance Agents

Simplify commission tracking and expense management.

Realtors

Manage your sales commissions and business expenses with ease.

Food Trucks

Keep your daily deposits and expenses organized.

Financial Professionals

Maintain a clear record of income and outgoing expenses.

Professional Services

Streamline bookkeeping for consultants, lawyers, and more.

Online Sellers

Efficiently track your online revenue and related expenses.

Farmers

Simplify financial tracking for agricultural income and costs.

Rentals

Manage rental income and property-related expenses effortlessly.

Small Restaurants

Keep track of daily deposits, purchases, and expenses.

Cosmetologists

Organize your earnings and business costs seamlessly.

Non-Profit Organizations

Maintain accurate records of deposits and expenditures.

Personal Services

Simplify bookkeeping for personal trainers, coaches, and more.

Repair Services

Keep your deposits and expenses in order.

Sub Contractors

Easily track income and business expenses.

No matter your industry, xlLedger offers a user-friendly solution that makes cash basis accounting simple and efficient. Our app helps you stay organized, save time, and focus on growing your business.

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Foundation Plan

Perfect for solo gig workers and micro-enterprises just starting out. Get essential bookkeeping features to keep your finances organized.
Get Started Today!
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Growth Plan

Designed for growing LLCs and micro businesses. Unlock advanced features to streamline your bookkeeping and manage your finances effectively.
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Frequently Asked Questions

  • What features does xlLedger offer?

    xlLedger provides essential bookkeeping features such as income tracking, expense management, financial overviews, and detailed reports. We do not provide features like accounts receivable, accounts payable, payroll or inventory management to keep the system simple and efficient.

  • How does xlLedger help reduce bookkeeping errors?

     xlLedger utilizes predefined categories and various entry rules to reduce the risk of manual errors. Its user-friendly interface and accurate financial tracking help ensure your records are always up-to-date and correct.

  • Is xlLedger secure?

    Yes, xlLedger prioritizes the security of your financial information. We utilize a backend platform with advanced security measures, including SOC 2 compliance, to protect your data and ensure your information is safely stored.

  • Does xlLedger sell my information to 3rd parties?

    No, xlLedger does not sell your information to any 3rd parties. We prioritize your privacy and ensure that your data is kept secure and confidential.

  • How is xlLedger priced?

    xlLedger offers a fixed annual fee based on the number of transactions you choose. This means you only pay for your usage, with no monthly subscriptions or unexpected charges.

  • Is xlLedger difficult to set up?

    Not at all. xlLedger is designed to be user-friendly and easy to set up. Most users can get started within minutes without any accounting background.

  • Does xlLedger offer payroll solutions?

    Currently, xlLedger does not offer payroll solutions. We recommend seeking a qualified professional for payroll management or exploring services like Gusto.com for comprehensive payroll solutions.

    Check out Gusto for payroll

  • Does xlLedger provide customer support?

    Yes, xlLedger offers customer support to help you with any questions or issues you may encounter. You can reach out to our support team via our support portal or through our website.

  • Is xlLedger compatible with other software?

    xlLedger is designed to be a standalone bookkeeping solution. However, we continuously work on improving our platform and may offer integrations with other popular software in the future.

  • Can I access xlLedger on multiple devices?

    Yes, xlLedger is accessible on various devices, including desktops, laptops, tablets, and smartphones. This ensures you can manage your bookkeeping anytime, anywhere.

  • Can I add multiple team members to my xlLedger account?

    Absolutely! xlLedger supports unlimited team members, including accountants, allowing you to collaborate with your team efficiently. Each member can have their own login, ensuring that your financial data is managed collaboratively and securely.