Hurdlr is a great choice for small business owners and freelancers who want a simple and efficient way to manage their accounting and taxes. Here's how to get started:
1. Sign Up and Choose Your Plan
- Visit the Hurdlr website and click "Sign Up Free" or "Try Hurdlr Pro."
- Hurdlr offers both free and paid plans. The free plan is a good starting point, while the Pro plan offers more advanced features like invoicing, mileage tracking, and detailed reporting. Choose the plan that best suits your needs and budget.
2. Download the App (Optional but Recommended)
- While Hurdlr has a web dashboard, its real power lies in its mobile app. Download the Hurdlr app from the App Store (iOS) or Google Play Store (Android). The app allows you to track mileage, expenses, and income on the go.
3. Add Your Business Information
- In the app or on the web dashboard, navigate to "Businesses" and click the "+" icon.
- Enter your business name, type of business, and other relevant details.
4. Connect Your Bank Accounts and Credit Cards
- Hurdlr integrates with thousands of banks and credit card companies. Connect your accounts to automatically track income and expenses.
- Go to "Accounts" and click "Add Account." Follow the prompts to securely connect your financial institutions.
5. Set Up Mileage Tracking
- One of Hurdlr's standout features is automatic mileage tracking.
- In the app, enable "Automatic Mileage Tracking." Hurdlr will use your phone's GPS to track your business miles in the background.
- You can also manually add trips if needed.
6. Complete Your Tax Profile
- To get the most out of Hurdlr's tax features, complete your tax profile.
- Provide information like your filing status, dependents, and estimated annual income.
- Hurdlr will use this information to estimate your quarterly tax payments and track your tax deductions.
7. Start Tracking Income and Expenses
- As you earn income and incur expenses, record them in Hurdlr.
- You can manually add transactions, or they will be automatically imported from your connected bank accounts.
- Use tags to categorize transactions and make reporting easier.
8. Generate Reports and Tax Forms
- Hurdlr provides various reports to help you understand your business finances, including profit and loss statements, expense reports, and mileage logs.
- When it's time to file your taxes, Hurdlr can generate Schedule C and other relevant tax forms.
Tips for Success with Hurdlr:
- Categorize everything: Use tags or categories to organize your income and expenses. This makes it easier to track deductions and generate accurate reports.
- Track mileage consistently: If you use your vehicle for business, make sure to track your mileage diligently. Hurdlr's automatic tracking feature makes this easy.
- Review your reports regularly: Keep an eye on your income, expenses, and tax estimates to stay on top of your finances.
- Explore Hurdlr's features: Hurdlr offers many helpful features, such as invoicing, tax calculators, and integrations with other apps. Take some time to explore and see how they can benefit your business.
By following these steps and utilizing Hurdlr's features, you can simplify your accounting, track your taxes, and gain valuable insights into your business's financial performance.
