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Looking for specific software

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#1 bkapitzky


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Posted 12 April 2018 - 12:12 PM

Hi everyone,


I'm new to these forums and I appreciate all of your responses and help.


I'm looking to be pointed in the right direction for a specific type of software. I've worked with Quickbooks and Wave and I really like how there's a large accounting component but this is not the core software my business is looking for.


Just to clarify, I'm not interested in a holistic software that can manage all my operations. I'm just interested in finding software that can help manage payments between contractors and companies. 


My business connects companies with independent contractors to complete virtual work. I'm wondering if there's a software that can help me manage all these different relationships from a payment perspective. Ideally, this software allows the contractors to fill out 1099's and manages tax forms. This software should also be able to charge credit cards on a recurring basis. Quickbooks and Wave allow me to send out recurring invoices, but I'd prefer for these to just be automatic charges. 


My "wishlist":

- Recurring credit card charges (ideally, these recurring credit card charges interact with a database that houses the timesheet for the contractors)

- 1099 forms and managing

- Ideally take a portion of transactions that occur on the platform (say, 10%)

- We also have a website and it would be awesome if this software and website could interface with each other. If not, work directly together. 



Thanks so much. 


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#2 hamluis



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Posted 14 April 2018 - 07:15 PM

In my former life...I was an accountant, financial analyst, etc.


Not sure why you don't seem to want Quickbooks but there is much about life which I don't comprehend.


I will say...managing inflows/outflows of moneys...is just a small part of any accounting software/system....as is paying employment taxes, filing quarterly returns, processing W-2s,  etc.


What I would suggest...is to contact some of your competitors and peers/fellow business entities...and inquire how they go about managing the financial side of their businesses.  This does not involve any "trade secrets" so there is no reason for them not to share such info.



Edited by hamluis, 14 April 2018 - 07:53 PM.

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