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  31. <title>Methods &#038; How It Works</title>
  32. <link>https://ctplapps.in/methods-how-it-works/</link>
  33. <comments>https://ctplapps.in/methods-how-it-works/#respond</comments>
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  36. <pubDate>Tue, 22 Apr 2025 17:01:02 +0000</pubDate>
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  40. <description><![CDATA[<p>I like to think of inventory accounting like managing your smartphone apps. You keep track of what is installed (inventory [&#8230;]</p>
  41. <p>The post <a href="https://ctplapps.in/methods-how-it-works/">Methods &#038; How It Works</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
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  45. <div id="">
  46. <p>I like to think of inventory accounting like managing your smartphone apps.</p>
  47. <p>You keep track of what is installed (inventory levels), what is used most often (inventory movement), and what takes up the most space (value). You create value (sales) by clearing out space. To clear that space, you might employ the First-In-First-Out (FIFO) method and delete older, unused apps first. Or you could use the Last-In-First-Out (LIFO) method and leave the old apps and clear out newer ones.</p>
  48. <figure id="attachment_4302937" aria-describedby="caption-attachment-4302937" style="width: 370px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302937 size-article-md" src="https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-370x365.jpg" alt="Clearing app storage as an analogy for the inventory process." width="370" height="365" srcset="https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-370x365.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-300x296.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-1024x1010.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-768x758.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-50x50.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-770x760.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-270x266.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-740x730.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-540x533.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-1110x1095.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic-810x799.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/inventory-graphic.jpg 1400w" sizes="auto, (max-width: 370px) 100vw, 370px"/><figcaption id="caption-attachment-4302937" class="wp-caption-text">Clearing app storage as an analogy for the inventory process</figcaption></figure>
  49. <p>Regardless of the chosen method, your end goal is the same — monitoring and managing the items you use to create value. Inventory accounting is the process of valuing and tracking a company’s inventory assets. It plays a vital role in determining cost of goods sold (COGS), managing operations efficiently, and generating accurate financial statements.</p>
  50. <h2><span class="ez-toc-section" id="Overview_of_inventory_inventory_accounting"/>Overview of inventory &amp; inventory accounting<span class="ez-toc-section-end"/></h2>
  51. <h3>What is inventory?</h3>
  52. <p>Inventory is the collection of goods a business holds and expects to sell to customers. Since businesses use inventory to meet customer demand, managing inventory helps prevent overstocking or running out of items. Since inventory is expected to be sold within a year, it appears on the balance sheet under current assets.</p>
  53. <h3>What is inventory accounting?</h3>
  54. <p>Inventory accounting is the practice of recording, analyzing, and reporting a company’s inventory transactions and balances. This practice helps determine the cost of sales and the value of remaining inventory.</p>
  55. <p>Here are the key elements of inventory accounting:</p>
  56. <ul>
  57. <li><strong>Tracking:</strong> Monitoring inventory levels, movement, and usage.</li>
  58. <li><strong>Valuation methods:</strong> Employing different accounting techniques such as FIFO, LIFO, and Weighted Average.</li>
  59. </ul>
  60. <p>Inventory can be tracked using a perpetual system or a periodic system. The perpetual system updates inventory records in real time with each sale or purchase, providing continuous accuracy. The periodic inventory system updates records at set intervals, relying on physical counts to determine inventory levels and cost of goods sold.</p>
  61. <figure id="attachment_4302940" aria-describedby="caption-attachment-4302940" style="width: 640px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302940 size-full" src="https://assets.techrepublic.com/uploads/2025/04/New-Project.jpg" alt="Comparison of inventory systems and inventory valuation." width="640" height="479" srcset="https://assets.techrepublic.com/uploads/2025/04/New-Project.jpg 640w, https://assets.techrepublic.com/uploads/2025/04/New-Project-300x225.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/New-Project-270x202.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/New-Project-50x37.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/New-Project-170x128.jpg 170w, https://assets.techrepublic.com/uploads/2025/04/New-Project-60x45.jpg 60w, https://assets.techrepublic.com/uploads/2025/04/New-Project-120x90.jpg 120w, https://assets.techrepublic.com/uploads/2025/04/New-Project-180x135.jpg 180w, https://assets.techrepublic.com/uploads/2025/04/New-Project-370x277.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/New-Project-540x404.jpg 540w" sizes="auto, (max-width: 640px) 100vw, 640px"/><figcaption id="caption-attachment-4302940" class="wp-caption-text">Comparison of inventory systems and inventory valuation</figcaption></figure>
  62. <p>If you’re having trouble tracking inventory, I recommend <a href="https://squareup.com/us/en/point-of-sale/features/inventory-management" target="_blank" rel="noopener">Square</a>, as it is an all-in-one sales system.</p>
  63. <h2><span class="ez-toc-section" id="Types_of_Inventory"/>Types of Inventory<span class="ez-toc-section-end"/></h2>
  64. <p>Inventory types are separated by stage of development, ranging from raw materials to finished goods. Here is a quick summary of inventory in its different stages of development.</p>
  65. <figure id="attachment_4302941" aria-describedby="caption-attachment-4302941" style="width: 370px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302941 size-article-md" src="https://assets.techrepublic.com/uploads/2025/04/inventory-types-370x533.jpg" alt="Image of different types of inventory." width="370" height="533" srcset="https://assets.techrepublic.com/uploads/2025/04/inventory-types-370x533.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-208x300.jpg 208w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-711x1024.jpg 711w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-768x1106.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-35x50.jpg 35w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-770x1109.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-270x389.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-740x1066.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-540x778.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/inventory-types-810x1167.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/inventory-types.jpg 972w" sizes="auto, (max-width: 370px) 100vw, 370px"/><figcaption id="caption-attachment-4302941" class="wp-caption-text">Image of different types of inventory</figcaption></figure>
  66. <table id="tablepress-4571-no-2" class="tablepress tablepress-id-4571">
  67. <thead>
  68. <tr class="row-1">
  69. <th class="column-1"><center>Type</center></th>
  70. <th class="column-2"><center>Description</center></th>
  71. </tr>
  72. </thead>
  73. <tbody class="row-striping row-hover">
  74. <tr class="row-2">
  75. <td class="column-1">Raw Materials</td>
  76. <td class="column-2">Basic inputs used to produce goods</td>
  77. </tr>
  78. <tr class="row-3">
  79. <td class="column-1">Work-In-Progress (WIP)</td>
  80. <td class="column-2">Semi-finished goods, still in production</td>
  81. </tr>
  82. <tr class="row-4">
  83. <td class="column-1">Finished Goods</td>
  84. <td class="column-2">Completed products ready for sale</td>
  85. </tr>
  86. <tr class="row-5">
  87. <td class="column-1">MRO Supplies</td>
  88. <td class="column-2">Items used to maintain operations (tools, lubricants, etc.)</td>
  89. </tr>
  90. </tbody>
  91. </table>
  92. <p><!-- #tablepress-4571-no-2 from cache --></p>
  93. <p>Maintenance, repair, and operations (MRO) supplies are materials used to keep a company’s operations running smoothly. These items are not directly part of the finished product. Instead, they are tracked separately from production inventory, due to their supporting role.</p>
  94. <h3>The inventory accounting cycle</h3>
  95. <p>Inventory accounting starts with the purchase of items intended for sale. The cycle of a single inventory item ends with the sale, when the cost of goods sold is recognized. But the entire sales cycle lives on, with more inventory being purchased and sold. Inventory valuation of unsold items is ongoing throughout the inventory accounting cycle. During this cycle, the following actions take place:</p>
  96. <p><strong>Inventory purchase:</strong> Items recorded as an asset<br /><strong>Inventory sale:</strong> COGS calculated<br /><strong>Inventory valuation:</strong> Performed periodically while the inventory items are held for sale</p>
  97. <figure id="attachment_4302945" aria-describedby="caption-attachment-4302945" style="width: 370px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302945 size-article-md" src="https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-370x390.jpg" alt="Image of inventory cycle." width="370" height="390" srcset="https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-370x390.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-285x300.jpg 285w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-971x1024.jpg 971w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-768x810.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-47x50.jpg 47w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-770x812.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-270x285.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-740x780.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-540x569.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-1110x1170.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle-810x854.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/inventory-cycle.jpg 1328w" sizes="auto, (max-width: 370px) 100vw, 370px"/><figcaption id="caption-attachment-4302945" class="wp-caption-text">Image of inventory cycle</figcaption></figure>
  98. <h3>Inventory accounting methods</h3>
  99. <p>The most common inventory accounting methods are FIFO, LIFO, Weighted Average Cost, and Specific Identification. Each method affects cost of goods sold and ending inventory differently, which in turn impacts a company’s financial statements and tax liabilities.</p>
  100. <figure id="attachment_4302947" aria-describedby="caption-attachment-4302947" style="width: 770px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302947 size-article" src="https://assets.techrepublic.com/uploads/2025/04/inventory-methods-770x471.jpg" alt="Image of inventory methods." width="770" height="471" srcset="https://assets.techrepublic.com/uploads/2025/04/inventory-methods-770x471.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-300x183.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-1024x626.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-768x470.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-50x31.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-370x226.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-270x165.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-740x452.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-540x330.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-1110x679.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods-810x495.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/inventory-methods.jpg 1400w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302947" class="wp-caption-text">Image of inventory methods.</figcaption></figure>
  101. <table id="tablepress-4572-no-2" class="tablepress tablepress-id-4572">
  102. <thead>
  103. <tr class="row-1">
  104. <th class="column-1"><center>Method</center></th>
  105. <th class="column-2"><center>Description</center></th>
  106. <th class="column-3"><center>Impact on COGS</center></th>
  107. </tr>
  108. </thead>
  109. <tbody class="row-striping row-hover">
  110. <tr class="row-2">
  111. <td class="column-1"><strong>FIFO</strong></td>
  112. <td class="column-2">Assumes oldest inventory sold first</td>
  113. <td class="column-3">During inflation, lower COGS than LIFO</td>
  114. </tr>
  115. <tr class="row-3">
  116. <td class="column-1"><strong>LIFO</strong></td>
  117. <td class="column-2">Assumes newest inventory sold first</td>
  118. <td class="column-3">During inflation, higher COGS</td>
  119. </tr>
  120. <tr class="row-4">
  121. <td class="column-1"><strong>Weighted Average Cost</strong></td>
  122. <td class="column-2">Averages cost of all units</td>
  123. <td class="column-3">Smooths out price fluctuations, reduces COGS volatility</td>
  124. </tr>
  125. <tr class="row-5">
  126. <td class="column-1"><strong>Specific Identification</strong></td>
  127. <td class="column-2">Tracks exact cost of specific items</td>
  128. <td class="column-3">reflects actual historical cost</td>
  129. </tr>
  130. </tbody>
  131. </table>
  132. <p><!-- #tablepress-4572-no-2 from cache --></p>
  133. <h2><span class="ez-toc-section" id="How_inventory_accounting_affects_financial_statements"/>How inventory accounting affects financial statements<span class="ez-toc-section-end"/></h2>
  134. <p>Inventory accounting impacts all three major financial statements. On the balance sheet, inventory is recorded as a current asset, directly affecting a company’s total asset value. On the income statement, the COGS reduces gross profit and ultimately net income. On the cash flow statement, inventory reduces cash flow when items are purchased and increases cash flow when items are sold, which comprehensively affects working capital.</p>
  135. <h2><span class="ez-toc-section" id="Examples_of_inventory_accounting_methods"/>Examples of inventory accounting methods<span class="ez-toc-section-end"/></h2>
  136. <p>I’ll illustrate the impact of inventory accounting methods by using a sample shoe store to showcase the results in a case-specific fashion. For each method, we will use the basic formula for COGS. The examples below assume no beginning inventory.</p>
  137. <p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-4302955 size-article-sm" src="https://assets.techrepublic.com/uploads/2025/04/cogs-270x256.jpg" alt="COGS formula." width="270" height="256" srcset="https://assets.techrepublic.com/uploads/2025/04/cogs-270x256.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/cogs-300x284.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/cogs-1024x970.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/cogs-768x728.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/cogs-50x47.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/cogs-770x730.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/cogs-370x351.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/cogs-740x701.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/cogs-540x512.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/cogs-1110x1052.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/cogs-810x768.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/cogs.jpg 1376w" sizes="auto, (max-width: 270px) 100vw, 270px"/></p>
  138. <h2><span class="ez-toc-section" id="Example_of_inventory_accounting_using_FIFO"/>Example of inventory accounting using FIFO<span class="ez-toc-section-end"/></h2>
  139. <figure id="attachment_4302956" aria-describedby="caption-attachment-4302956" style="width: 370px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302956 size-article-md" src="https://assets.techrepublic.com/uploads/2025/04/fifo-370x546.jpg" alt="Image of First-in First-out (FIFO) method of inventory accounting." width="370" height="546" srcset="https://assets.techrepublic.com/uploads/2025/04/fifo-370x546.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/fifo-203x300.jpg 203w, https://assets.techrepublic.com/uploads/2025/04/fifo-694x1024.jpg 694w, https://assets.techrepublic.com/uploads/2025/04/fifo-768x1133.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/fifo-34x50.jpg 34w, https://assets.techrepublic.com/uploads/2025/04/fifo-770x1136.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/fifo-270x398.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/fifo-740x1092.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/fifo-540x797.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/fifo-810x1195.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/fifo.jpg 949w" sizes="auto, (max-width: 370px) 100vw, 370px"/><figcaption id="caption-attachment-4302956" class="wp-caption-text">Image of First-in, First-out (FIFO) method of inventory accounting</figcaption></figure>
  140. <table id="tablepress-4573-no-2" class="tablepress tablepress-id-4573">
  141. <thead>
  142. <tr class="row-1">
  143. <th colspan="4" class="column-1"><center>Q1 Inventory purchase (same for FIFO/LIFO &amp; Weighted Average)</center></th>
  144. </tr>
  145. </thead>
  146. <tbody class="row-striping row-hover">
  147. <tr class="row-2">
  148. <td class="column-1"/>
  149. <td class="column-2"><strong>Units purchased</strong></td>
  150. <td class="column-3"><strong>Purchase price per unit</strong></td>
  151. <td class="column-4"><strong>Total purchase price</strong></td>
  152. </tr>
  153. <tr class="row-3">
  154. <td class="column-1"><strong>January</strong></td>
  155. <td class="column-2">100</td>
  156. <td class="column-3">$40</td>
  157. <td class="column-4">$4,000</td>
  158. </tr>
  159. <tr class="row-4">
  160. <td class="column-1"><strong>February</strong></td>
  161. <td class="column-2">100</td>
  162. <td class="column-3">$50</td>
  163. <td class="column-4">$5,000</td>
  164. </tr>
  165. <tr class="row-5">
  166. <td class="column-1"><strong>March</strong></td>
  167. <td class="column-2">100</td>
  168. <td class="column-3">$60</td>
  169. <td class="column-4">$6,000</td>
  170. </tr>
  171. <tr class="row-6">
  172. <td class="column-1">
  173. <p><strong>Total</strong></p>
  174. </td>
  175. <td class="column-2">300</td>
  176. <td class="column-3"/>
  177. <td class="column-4">$15,000</td>
  178. </tr>
  179. </tbody>
  180. </table>
  181. <p><!-- #tablepress-4573-no-2 from cache --></p>
  182. <p>Walk This Way Shoes sold 200 pairs of sneakers in March for $90 each, resulting in revenue of $18,000. With FIFO, the oldest inventory is sold first. This means that the first 100 pairs of shoes sold cost Walk This Way $4,000, and the second 100 pairs of shoes sold cost Walk This Way $5,000.</p>
  183. <p style="padding-left: 80px;"><strong>   Beginning Inventory:</strong> 0<br />+ <strong>Purchases:</strong>            $15,000<br /><span style="text-decoration: underline;"> – <strong>Ending Inventory:</strong>     $6,000 </span><br /><strong>    COGS:</strong> $9,000</p>
  184. <p>By using this FIFO method of inventory management, the company sold the shoes that were purchased first and sitting on the shelf the longest, as opposed to selling the shoes most recently obtained in March. Walk This Way’s net profit was also $9,000 ($18,000 – $9,000 COGS). Let’s compare that net income to what would be received using the LIFO method.</p>
  185. <h2><span class="ez-toc-section" id="Example_of_inventory_accounting_using_LIFO"/>Example of inventory accounting using LIFO<span class="ez-toc-section-end"/></h2>
  186. <figure id="attachment_4302968" aria-describedby="caption-attachment-4302968" style="width: 270px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302968 size-article-sm" src="https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-270x267.jpg" alt="Last-in, Last-out (FIFO) method of inventory accounting." width="270" height="267" srcset="https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-270x267.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-300x297.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-1024x1013.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-768x760.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-50x50.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-770x762.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-370x366.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-740x732.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-540x534.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-1110x1098.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo-810x801.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/shoes-fifo.jpg 1400w" sizes="auto, (max-width: 270px) 100vw, 270px"/><figcaption id="caption-attachment-4302968" class="wp-caption-text">Image of Last-in, Last-out (FIFO) method of inventory accounting</figcaption></figure>
  187. <table id="tablepress-4574-no-2" class="tablepress tablepress-id-4574">
  188. <thead>
  189. <tr class="row-1">
  190. <th colspan="4" class="column-1"><center>Q1 Inventory purchase (same for FIFO/LIFO &amp; Weighted Average)</center></th>
  191. </tr>
  192. </thead>
  193. <tbody class="row-striping row-hover">
  194. <tr class="row-2">
  195. <td class="column-1"/>
  196. <td class="column-2"><strong>Units purchased</strong></td>
  197. <td class="column-3"><strong>Purchase price per unit</strong></td>
  198. <td class="column-4"><strong>Total purchase price</strong></td>
  199. </tr>
  200. <tr class="row-3">
  201. <td class="column-1"><strong>January</strong></td>
  202. <td class="column-2">100</td>
  203. <td class="column-3">$40</td>
  204. <td class="column-4">$4,000</td>
  205. </tr>
  206. <tr class="row-4">
  207. <td class="column-1"><strong>February</strong></td>
  208. <td class="column-2">100</td>
  209. <td class="column-3">$50</td>
  210. <td class="column-4">$5,000</td>
  211. </tr>
  212. <tr class="row-5">
  213. <td class="column-1"><strong>March</strong></td>
  214. <td class="column-2">100</td>
  215. <td class="column-3">$60</td>
  216. <td class="column-4">$6,000</td>
  217. </tr>
  218. <tr class="row-6">
  219. <td class="column-1">
  220. <p><strong>Total</strong></p>
  221. </td>
  222. <td class="column-2">300</td>
  223. <td class="column-3"/>
  224. <td class="column-4">$15,000</td>
  225. </tr>
  226. </tbody>
  227. </table>
  228. <p><!-- #tablepress-4574-no-2 from cache --></p>
  229. <p>Using the same fact pattern as before, Walk This Way Shoes sold 200 pairs of sneakers in March for $90 each, resulting in revenue of $18,000. With LIFO, the most recent inventory is sold first. This means that the first 100 pairs of shoes sold cost Walk This Way $6,000.</p>
  230. <p>The second pair of 100 shoes sold cost Walk This Way $5,000. By using this LIFO method of inventory management, the company sold the shoes that were obtained most recently, as opposed to selling the shoes that were sitting on the shelf the longest.</p>
  231. <p style="padding-left: 80px;">   <strong>Beginning Inventory:</strong> 0<br />+ <strong>Purchases:</strong>            $15,000<br /><span style="text-decoration: underline;"> – <strong>Ending Inventory:</strong>     $4,000 </span><br /><strong>    COGS:</strong>           $11,000</p>
  232. <p>Walk This Way’s net profit was $7,000 ($18,000 – $11,000 COGS).</p>
  233. <h2><span class="ez-toc-section" id="Example_of_inventory_accounting_using_the_Weighted_Average_method"/>Example of inventory accounting using the Weighted Average method<span class="ez-toc-section-end"/></h2>
  234. <table id="tablepress-4575-no-2" class="tablepress tablepress-id-4575">
  235. <thead>
  236. <tr class="row-1">
  237. <th colspan="4" class="column-1"><center>Q1 Inventory purchase (same for FIFO/LIFO &amp; Weighted Average)</center></th>
  238. </tr>
  239. </thead>
  240. <tbody class="row-striping row-hover">
  241. <tr class="row-2">
  242. <td class="column-1"/>
  243. <td class="column-2"><strong>Units purchased</strong></td>
  244. <td class="column-3"><strong>Purchase price per unit</strong></td>
  245. <td class="column-4"><strong>Total purchase price</strong></td>
  246. </tr>
  247. <tr class="row-3">
  248. <td class="column-1"><strong>January</strong></td>
  249. <td class="column-2">100</td>
  250. <td class="column-3">$40</td>
  251. <td class="column-4">$4,000</td>
  252. </tr>
  253. <tr class="row-4">
  254. <td class="column-1"><strong>February</strong></td>
  255. <td class="column-2">100</td>
  256. <td class="column-3">$50</td>
  257. <td class="column-4">$5,000</td>
  258. </tr>
  259. <tr class="row-5">
  260. <td class="column-1"><strong>March</strong></td>
  261. <td class="column-2">100</td>
  262. <td class="column-3">$60</td>
  263. <td class="column-4">$6,000</td>
  264. </tr>
  265. <tr class="row-6">
  266. <td class="column-1">
  267. <p><strong>Total</strong></p>
  268. </td>
  269. <td class="column-2">300</td>
  270. <td class="column-3"/>
  271. <td class="column-4">$15,000</td>
  272. </tr>
  273. </tbody>
  274. </table>
  275. <p><!-- #tablepress-4575-no-2 from cache --></p>
  276. <p>Using the same fact pattern as before, Walk This Way Shoes sold 200 pairs of sneakers in March for $90 each, resulting in revenue of $18,000.</p>
  277. <p>Under the Weighted Average Cost per unit, the cost of shoes sold is calculated as follows:</p>
  278. <p><strong>Step one: Calculate the cost per pair.</strong> $15,000 total cost ÷ 300 pairs of shoes = cost of $50 per pair</p>
  279. <p><strong>Step two: Apply the cost per pair to the number of pairs sold.</strong> 200 pairs x $50 = $10,000</p>
  280. <p>$18,000 gross revenue – $10,000 = $8,000 gross profit</p>
  281. <h2><span class="ez-toc-section" id="Example_of_inventory_accounting_using_the_specific_identification_method"/>Example of inventory accounting using the specific identification method<span class="ez-toc-section-end"/></h2>
  282. <p>Let’s now imagine that Walk This Way specializes in the sale of autographed basketball shoes. Due to the unique nature of their product, they may only have a handful of inventory items on hand, and each item was purchased at a unique price.</p>
  283. <table id="tablepress-4576-no-2" class="tablepress tablepress-id-4576">
  284. <thead>
  285. <tr class="row-1">
  286. <th colspan="4" class="column-1"><center>Q1 Inventory Purchase</center></th>
  287. </tr>
  288. </thead>
  289. <tbody class="row-striping row-hover">
  290. <tr class="row-2">
  291. <td class="column-1"/>
  292. <td class="column-2"><strong>Units purchased</strong></td>
  293. <td class="column-3"><strong>Purchase price per unit</strong></td>
  294. <td class="column-4"><strong>Total purchase price</strong></td>
  295. </tr>
  296. <tr class="row-3">
  297. <td class="column-1"><strong>January</strong></td>
  298. <td class="column-2">1 &#8211; signed by Michael Jordan</td>
  299. <td class="column-3">$4,000</td>
  300. <td class="column-4">$4,000</td>
  301. </tr>
  302. <tr class="row-4">
  303. <td class="column-1"><strong>February</strong></td>
  304. <td class="column-2">1 &#8211; signed by Steph Curry</td>
  305. <td class="column-3">$5,000</td>
  306. <td class="column-4">$5,000</td>
  307. </tr>
  308. <tr class="row-5">
  309. <td class="column-1"><strong>March</strong></td>
  310. <td class="column-2">1 &#8211; signed by Lebron James</td>
  311. <td class="column-3">$6,000</td>
  312. <td class="column-4">$6,000</td>
  313. </tr>
  314. <tr class="row-6">
  315. <td class="column-1">
  316. <p><strong>Total</strong></p>
  317. </td>
  318. <td class="column-2">3</td>
  319. <td class="column-3"/>
  320. <td class="column-4">$15,000</td>
  321. </tr>
  322. </tbody>
  323. </table>
  324. <p><!-- #tablepress-4576-no-2 from cache --></p>
  325. <p>In March, Walk This Way sold the shoes autographed by Michael Jordan and Lebron James for $7,000 and $11,000 respectively for a total revenue of $18,000.</p>
  326. <p>While timing is a key factor with the LIFO and FIFO methods, with the specific identification method, cost is assigned per unit, irrespective of when the item was purchased. Unlike the Weighted Average method, cost is not aligned with the cost of any other inventory items.</p>
  327. <p>The cost for items under the specific identification method is $10,000 ($4,000 + $6,000).</p>
  328. <p style="padding-left: 80px;"><strong>    Beginning Inventory:</strong> 0<br />+ <strong>Purchases:</strong>           $15,000<br /><span style="text-decoration: underline;">  – <strong>Ending Inventory:</strong>    $5,000 </span><br /><strong>    COGS:</strong>         $10,000</p>
  329. <p>Under the specific identification method, Walk This Way’s net profit was $8,000 ($18,000 – $10,000 COGS)</p>
  330. <aside class="pinbox right">
  331. <h3 class="heading">More about Accounting</h3>
  332. </aside>
  333. <h2><span class="ez-toc-section" id="Which_inventory_method_is_best"/>Which inventory method is best?<span class="ez-toc-section-end"/></h2>
  334. <p>For Walk This Way, the tax impact of inventory methods varied. Assuming a 25% tax rate, LIFO turned out to be the winner of the four inventory methods by generating the lowest tax bill of $1,750. By using LIFO, the business reported a lower profit of $7,000, but a tax savings of $500. This happened because newer, more expensive inventory was used in calculating COGS. This narrowed the gap between sales price and cost, which reduced profit but also reduced the related income tax.</p>
  335. <ul>
  336. <li><strong>Income tax under FIFO method:</strong> 25% of $9,000 = <strong>$2,250</strong></li>
  337. <li><strong>Income tax under LIFO method:</strong> 25% of $7,000 = <strong>$1,750</strong></li>
  338. <li><strong>Income tax using the Weighted Average:</strong> 25% of $8,000 = <strong>$2,000</strong></li>
  339. <li><strong>Income tax using Specific Identification:</strong> 25% of $8,000 = <strong>$2,000</strong></li>
  340. </ul>
  341. <p>If Walk This Way’s objective is solely to reduce tax, LIFO might be the way to go. If they are more concerned with having a profit and loss statement that appeals to investors, FIFO might be preferred since it produces the highest net profit.</p>
  342. <p>The best inventory method for each business depends on the factors at play in the economic environment. These factors include industry and product type, as well as price volatility. Businesses with perishable goods often use FIFO, while those managing rising costs may prefer LIFO. Tax implications, cash flow goals, and compliance requirements also play a role.</p>
  343. <h3><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Why use FIFO?</h3>
  344. <ul>
  345. <li>Ensures older, often lower-cost inventory is used first, closely matching actual product flow.</li>
  346. <li>As prices increase over time, lower cost contributes to higher profits, which may appeal to investors or lenders.</li>
  347. <li>Inventory valuation is simple and transparent, making it easier for financial reporting and audits.</li>
  348. <li>Accepted under both GAAP and IFRS, making it ideal for international businesses.</li>
  349. </ul>
  350. <h3><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Why use LIFO?</h3>
  351. <ul>
  352. <li>As prices increase over time, revenue may not be as high as other valuation methods, but taxable income will be lower; improving short-term cash flow in inflationary environments.</li>
  353. <li>Better reflects current market costs in the cost of goods sold</li>
  354. <li>Commonly used in industries with rapidly increasing inventory costs, like manufacturing, retail, or commodities.</li>
  355. <li>Permitted under US GAAP, though not allowed under IFRS — best for companies operating primarily in the US.</li>
  356. </ul>
  357. <h3><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Why use Weighted Average?</h3>
  358. <ul>
  359. <li>Smooths out price fluctuations by averaging cost.</li>
  360. <li>Simpler tracking — no need to match specific batches or track oldest/latest inventory.</li>
  361. <li>Commonly used in businesses selling homogeneous items (like shoes, clothing, or groceries in bulk).</li>
  362. </ul>
  363. <h3><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Why use specific identification?</h3>
  364. <ul>
  365. <li>Ideal when inventory items are unique or high-value, and cost tracking per unit is possible.</li>
  366. <li>Ensures precise matching of cost and revenue for each sale.</li>
  367. </ul>
  368. <h2><span class="ez-toc-section" id="Best_practices_for_inventory_accounting"/>Best practices for inventory accounting<span class="ez-toc-section-end"/></h2>
  369. <p>Managing inventory effectively is key to accurate financial reporting and operational efficiency. The following best practices can help ensure reliable inventory accounting:</p>
  370. <ul>
  371. <li>Choose the right valuation method (FIFO, LIFO, or Weighted Average) to align with your business goals and industry practices.</li>
  372. <li>Maintain accurate records by tracking inventory levels, purchases, sales, and adjustments — ideally in real time with a perpetual system. Try one of our best picks for the <a href="https://www.techrepublic.com/article/best-retail-accounting-software/">5 Best Retail Accounting Software</a>.</li>
  373. <li>Verify inventory regularly through physical or cycle counts, and separate employee duties to reduce errors and prevent theft.</li>
  374. </ul>
  375. <h2><span class="ez-toc-section" id="Bottom_line"/>Bottom line<span class="ez-toc-section-end"/></h2>
  376. <p>Inventory accounting is a critical component of sound financial management and business strategy. The various methods of valuing and tracking inventory impact a company’s financial outcome. Ultimately, strong inventory accounting practices improve financial accuracy, aid compliance, support cash flow management, and enhance decision-making across business functions.</p>
  377. <h2><span class="ez-toc-section" id="Frequently_asked_questions_FAQs"/>Frequently asked questions (FAQs)<span class="ez-toc-section-end"/></h2>
  378. <h3>What are the four types of inventory?</h3>
  379. <p>The four main types of inventory are raw materials, work-in-progress (WIP), finished goods, and maintenance, repair, and operations (MRO) supplies.</p>
  380. <h3>Is inventory accounting hard?</h3>
  381. <p>Inventory accounting can be complex, especially as businesses grow or deal with fluctuating costs and large product varieties, but with an understanding of basic methods, this important task is manageable.</p>
  382. <h3>Why is inventory accounting important?</h3>
  383. <p>Inventory accounting directly affects profitability and financial reporting. It also impacts business taxes and supports operational decisions.</p>
  384. <h3>What are the inventory accounting methods?</h3>
  385. <p>Common inventory accounting methods include FIFO, LIFO, Weighted Average Cost, and Specific Identification.</p>
  386. <h3>Can a business change its inventory accounting method?</h3>
  387. <p>Yes, but it must disclose the change and justify it under accounting standards.</p>
  388. <h3>How does inventory affect profitability?</h3>
  389. <p>COGS directly impacts gross profit; inaccurate valuation can distort profitability.</p>
  390. <h3>How often should inventory be counted?</h3>
  391. <p>Inventory should be counted at least annually. Businesses may also count their inventory on a more regular daily, weekly, or monthly cycle.</p>
  392. </p></div>
  393. <p><br />
  394. <br /><a href="https://www.techrepublic.com/article/what-is-inventory-accounting/">Source link </a></p>
  395. <p>The post <a href="https://ctplapps.in/methods-how-it-works/">Methods &#038; How It Works</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  396. ]]></content:encoded>
  398. <wfw:commentRss>https://ctplapps.in/methods-how-it-works/feed/</wfw:commentRss>
  399. <slash:comments>0</slash:comments>
  402. </item>
  403. <item>
  404. <title>Which Is Right for You in 2025?</title>
  405. <link>https://ctplapps.in/which-is-right-for-you-in-2025/</link>
  406. <comments>https://ctplapps.in/which-is-right-for-you-in-2025/#respond</comments>
  408. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  409. <pubDate>Tue, 22 Apr 2025 14:55:31 +0000</pubDate>
  410. <category><![CDATA[News]]></category>
  411. <guid isPermaLink="false">https://ctplapps.in/which-is-right-for-you-in-2025/</guid>
  412.  
  413. <description><![CDATA[<p>Trying to choose between QuickBooks Online and Desktop? Go with QuickBooks Online if you want cloud access, automation, and real-time [&#8230;]</p>
  414. <p>The post <a href="https://ctplapps.in/which-is-right-for-you-in-2025/">Which Is Right for You in 2025?</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  415. ]]></description>
  416. <content:encoded><![CDATA[<p> <br />
  417. </p>
  418. <div id="">
  419. <p>Trying to choose between QuickBooks Online and Desktop? Go with QuickBooks Online if you want cloud access, automation, and real-time collaboration. Choose QuickBooks Desktop if you need strong job costing, advanced reporting, or don’t mind being tied to one computer. The difference between QuickBooks Online and Desktop comes down to how you work, and that’s what this guide will help you figure out.</p>
  420. <p><!-- ICP Plugin: Start --><!-- ICP Plugin: End --></p>
  421. <h3>Why you can trust TechRepublic</h3>
  422. <p>At TechRepublic, we publish high-quality, independently researched reviews created by writers who are experts in the fields they cover. Our contributors include seasoned IT professionals, certified accountants, software developers, and industry consultants — people who have worked directly with the tools they evaluate. Every article is built on firsthand experience, in-depth testing, and a deep understanding of what businesses and tech teams actually need to make confident, informed decisions.</p>
  423. <h2><span class="ez-toc-section" id="QuickBooks_Online_vs_QuickBooks_Desktop_Comparison_table"/>QuickBooks Online vs. QuickBooks Desktop: Comparison table<span class="ez-toc-section-end"/></h2>
  424. <table id="tablepress-4570-no-2" class="tablepress tablepress-id-4570">
  425. <thead>
  426. <tr class="row-1">
  427. <th class="column-1"/>
  428. <th class="column-2"><center>QuickBooks Online</center></th>
  429. <th class="column-3"><center>QuickBooks Desktop Enterprise</center></th>
  430. </tr>
  431. </thead>
  432. <tbody class="row-striping row-hover" wp_automatic_readability="18.138862102218">
  433. <tr class="row-2">
  434. <td class="column-1"><strong>Starting monthly price</strong></td>
  435. <td class="column-2"><center>$35 to $235</center></td>
  436. <td class="column-3"><center>$142 to $389 per month</center></td>
  437. </tr>
  438. <tr class="row-3">
  439. <td class="column-1"><strong>Number of users</strong></td>
  440. <td class="column-2"><center>1 to 25</center></td>
  441. <td class="column-3"><center>1 to 40?</center></td>
  442. </tr>
  443. <tr class="row-4" wp_automatic_readability="6">
  444. <td class="column-1"><strong>Accessibility</strong></td>
  445. <td class="column-2"><center>Cloud only, but desktop app is available for download</center></td>
  446. <td class="column-3"><center>Desktop only, but can be hosted for remote access</center></td>
  447. </tr>
  448. <tr class="row-5" wp_automatic_readability="6">
  449. <td class="column-1"><strong>Sharing files with accountant</strong></td>
  450. <td class="column-2"><center>Invite accountant to account (doesn’t affect user limits)</center></td>
  451. <td class="column-3"><center>Must create Accountant’s Copy</center></td>
  452. </tr>
  453. <tr class="row-6" wp_automatic_readability="6">
  454. <td class="column-1"><strong>Learning curve</strong></td>
  455. <td class="column-2"><center>Moderate; intuitive for most users, but still requires some setup and basic training.</center></td>
  456. <td class="column-3"><center>Steep; built for advanced workflows, so users often need formal training or experience.</center></td>
  457. </tr>
  458. <tr class="row-7" wp_automatic_readability="6">
  459. <td class="column-1"><strong>Inventory management</strong></td>
  460. <td class="column-2"><center>Basic; FIFO only. Good for simple product tracking.</center></td>
  461. <td class="column-3"><center>Advanced; supports assemblies, barcodes, multi-location.</center></td>
  462. </tr>
  463. <tr class="row-8" wp_automatic_readability="4">
  464. <td class="column-1"><strong>Job costing</strong></td>
  465. <td class="column-2"><center>Limited; needs workarounds or add-ons.</center></td>
  466. <td class="column-3"><center>Strong; built-in tools for full job cost tracking.</center></td>
  467. </tr>
  468. <tr class="row-9" wp_automatic_readability="6">
  469. <td class="column-1"><strong>Industry-Specific Versions</strong></td>
  470. <td class="column-2"><center>Versatile; might require further settings configuration</center></td>
  471. <td class="column-3"><center>Tailor-fit to your needs with its industry editions</center></td>
  472. </tr>
  473. <tr class="row-10" wp_automatic_readability="4">
  474. <td class="column-1"><strong>Financial reporting</strong></td>
  475. <td class="column-2"><center>Standard; covers basics for most small businesses.</center></td>
  476. <td class="column-3"><center>Deep; customizable and industry-specific reports.</center></td>
  477. </tr>
  478. <tr class="row-11">
  479. <td class="column-1"/>
  480. <td class="column-2"><strong><center><a href="https://link.technologyadvice.com/r/quickbooks-online-tr-quickbooks-online-vs-desktop" target="_blank" rel="nofollow sponsored noopener">Visit QuickBooks Online</a></center></strong></td>
  481. <td class="column-3"><strong><center><a href="https://link.technologyadvice.com/r/quickbooks-online-tr-quickbooks-online-vs-desktop" target="_blank" rel="nofollow sponsored noopener">Visit QuickBooks Desktop</a></center></strong></td>
  482. </tr>
  483. </tbody>
  484. </table>
  485. <p><!-- #tablepress-4570-no-2 from cache --></p>
  486. <h2><span class="ez-toc-section" id="QuickBooks_Online_vs_QuickBooks_Desktop_Pricing"/>QuickBooks Online vs QuickBooks Desktop: Pricing<span class="ez-toc-section-end"/></h2>
  487. <p>I performed an analysis of pricing levels between QuickBooks Online and Desktop. Assuming price is the only factor, QuickBooks Online is the better value up to five users, with the Advanced plan offering 25 users for $235 per month. In contrast, Enterprise Silver reaches $474 per month for just six users, making QBO the cost-effective pick for general use cases.</p>
  488. <p>That said, Enterprise becomes worth the price when features like job costing, advanced reporting, or inventory control are essential. Silver is the best entry point, but Gold adds payroll, and Platinum adds advanced inventory and pricing tools — ideal for manufacturers or wholesalers. If you need time tracking or Assisted Payroll, Diamond fits larger or field-based teams.</p>
  489. <h3>QuickBooks Online</h3>
  490. <p>There are four plans available:</p>
  491. <ul>
  492. <li><strong>Simple start: </strong>$35 per month for one user</li>
  493. <li><strong>Essentials: </strong>$65 per month for three users</li>
  494. <li><strong>Plus:</strong> $99 per month for five users</li>
  495. <li><strong>Advanced:</strong> $235 per month for 25 users</li>
  496. </ul>
  497. <h3>QuickBooks Desktop Enterprise</h3>
  498. <p>Pricing for Desktop Enterprise depends on the number of users. The prices below are quoted for one user and are for desktop access only. Silver, Gold, and Platinum plans are available for annual and monthly billing. The Diamond plan is monthly billing only.</p>
  499. <ul>
  500. <li><strong>Silver:</strong> From $1,481 per year or $142 per month</li>
  501. <li><strong>Gold:</strong> From $1,922 per year or $192 per month</li>
  502. <li><strong>Platinum:</strong> From $2,363 per year or $231 per month</li>
  503. <li><strong>Diamond:</strong> From $389 per month</li>
  504. </ul>
  505. <p>If you prefer a cloud hosted QuickBooks Desktop Enterprise, the monthly price depends on the hosting level and plan as shown below:</p>
  506. <ul>
  507. <li><strong>Core: </strong>From $180 for Silver, $217 for Gold, $254 for Platinum, and $446 for Diamond</li>
  508. <li><strong>Classic: </strong>From $190 for Silver, $227 for Gold, $264 for Platinum, and $456 for Diamond</li>
  509. <li><strong>Deluxe:</strong> From $201 for Silver, $238 for Gold, $275 for Platinum, and $467 for Diamond</li>
  510. </ul>
  511. <h2><span class="ez-toc-section" id="QuickBooks_Online_vs_QuickBooks_Desktop_Feature_comparison"/>QuickBooks Online vs. QuickBooks Desktop: Feature comparison<span class="ez-toc-section-end"/></h2>
  512. <p>In my view, there’s no definitive winner when it comes to features — QuickBooks Online and Desktop Enterprise serve entirely different business needs. QuickBooks Online is designed for small to midsize businesses that prioritize ease of use, mobility, and essential accounting tools. On the other hand, QuickBooks Enterprise is built for upper midsize to large businesses that require advanced capabilities like job costing, inventory assemblies, and deep reporting.</p>
  513. <p>Ultimately, the better choice depends on the size and complexity of your operations. If you value convenience and accessibility, Online is the practical pick. But if you’re managing complex workflows or industry-specific processes, Enterprise offers the depth to support them. It’s not about which version is better overall — it’s about which one fits where your business is right now.</p>
  514. <h3>Accounts receivable</h3>
  515. <p><strong>Winner: </strong>QuickBooks Online</p>
  516. <p>I consider QuickBooks Online the stronger option due to its ease of use and practical efficiency. While it may lack some of the advanced A/R tools found in Desktop, its accessibility and clean interface make it far more manageable for routine receivables work. For most businesses, the trade-off favors simplicity over feature depth.</p>
  517. <p>QuickBooks Online performs well for basic invoicing and payments. You can create recurring invoices, accept online payments, and send reminders, all from the cloud. It’s ideal for service-based businesses with simple billing cycles. However, it lacks batch invoicing and doesn’t offer as much control over payment terms or customization. It works best when ease of access and simplicity matter more than depth.</p>
  518. <p>QuickBooks Desktop offers deeper functionality, including batch invoicing, progress billing, and more detailed aging reports. From a technical standpoint, it’s a more powerful system. However, its interface is less approachable, and the learning curve is noticeably steeper. For experienced accountants managing complex or high-volume A/R operations, those tools are valuable.</p>
  519. <h3>Accounts payable</h3>
  520. <p><strong>Winner: </strong>QuickBooks Online</p>
  521. <p>QuickBooks Online wins in A/P for its ease of use and time-saving automation. It may not offer the same depth as Desktop, but for most small to midsize businesses, it handles payables more efficiently. In the broader QuickBooks Online vs Desktop comparison, Online stands out for simplicity and accessibility.</p>
  522. <p>In QuickBooks Online, bill tracking and vendor management are clean and straightforward. I can enter bills, set due dates, automate recurring payables, and schedule payments through connected bank feeds. The Advanced plan even allows for basic approval workflows, which adds a layer of control. For users handling routine payables, this setup minimizes errors and improves visibility. It may lack some complex A/P features, but in terms of ease and day-to-day use, Online performs exceptionally well.</p>
  523. <p>QuickBooks Desktop supports more advanced A/P functions, including batch bill entry, detailed purchase order tracking, and vendor-specific reporting. These tools are useful in industries where payables are tied closely to inventory or multi-step approval processes. However, I find the interface less intuitive, and the manual input can be time-consuming. In the context of QuickBooks Desktop vs Online, Desktop certainly offers more power — but it may be harder to user, especially those without experience.</p>
  524. <h3>Project accounting</h3>
  525. <p><strong>Winner: </strong>QuickBooks Desktop</p>
  526. <p>QuickBooks Desktop is the clear winner for project accounting. It offers more advanced tools for tracking costs, time, and profitability at the job level. For businesses that rely heavily on job costing, it’s simply the more capable platform.</p>
  527. <p>QuickBooks Online does include a Projects feature, and it’s useful for basic cost tracking. I can assign income and expenses to projects, monitor progress, and generate simple profitability reports. But it doesn’t support labor burden, detailed job estimates, or automatic payroll cost allocation. For service businesses with light project tracking needs, it works — but the depth just isn’t there. In the broader QuickBooks desktop vs quickbooks online conversation, this is where Online still feels limited.</p>
  528. <p>QuickBooks Desktop handles job costing with precision. I can track every phase of a project, allocate labor costs directly from payroll, and generate estimates vs. actuals with just a few clicks. The reporting is more detailed and better suited to construction, contracting, or professional services. It does require more setup, but the payoff is control and clarity. When I need reliable project accounting, QuickBooks Desktop vs Online is not even close—Desktop delivers what serious project tracking demands.</p>
  529. <h3>Inventory management</h3>
  530. <p><strong>Winner: </strong>QuickBooks Desktop</p>
  531. <p>When it comes to inventory management, QuickBooks Desktop delivers far more capability and flexibility. It’s built to handle complex inventory needs that go beyond what QuickBooks Online can support. For businesses that rely heavily on stock control, Desktop is the better fit.</p>
  532. <p>QuickBooks Online, particularly in the Plus and Advanced tiers, offers basic inventory tracking. I can set reorder points, track quantities, and assign items to transactions. It works well for simple inventory needs, especially in retail or e-commerce. However, it lacks support for assemblies, average costing, and multiple inventory sites.</p>
  533. <p>QuickBooks Desktop Platinum includes advanced inventory features like unit conversions, barcode scanning, and inventory assemblies — all built directly into the software. I can manage multi-location stock, apply custom pricing rules, and generate detailed inventory valuation reports. It takes more time to configure, but once set up, it provides a high level of control. From my perspective, it’s the only version that handles true inventory workflows properly.</p>
  534. <h3>Job cost management</h3>
  535. <p><strong>Winner: </strong>QuickBooks Desktop</p>
  536. <p>QuickBooks Desktop is the clear winner for job cost management. It offers more precise tools for tracking labor, materials, and overhead across individual jobs. For industries like construction or professional services, the added depth makes a noticeable difference.</p>
  537. <p>QuickBooks Online does include project tracking, but its job costing capabilities are limited. I can assign income and expenses to projects and view basic profitability reports. However, it doesn’t automatically allocate payroll costs or support labor burden tracking. It’s useful for light project oversight but lacks the granularity I’d want for accurate job costing. In the broader quickbooks online vs desktop pros and cons discussion, this is one of Online’s most significant trade-offs.</p>
  538. <p>In contrast, QuickBooks Desktop — especially in the Premier Contractor or Enterprise editions — lets me track every detail tied to a job. I can allocate payroll, track time, assign overhead, and compare estimates vs. actuals in real time. The reporting is deeper and better suited to project-based businesses with tight margins. While it takes more time to learn, it pays off in accuracy and control. In this QuickBooks Online and Desktop comparison, Desktop stands out as the more capable solution for job cost management.</p>
  539. <h3>Financial reporting</h3>
  540. <p><strong>Winner: </strong>QuickBooks Online</p>
  541. <p>In my assessment, QuickBooks Online offers a more user-friendly experience for financial reporting. Its modern interface and intuitive navigation allow for the creation of essential reports with minimal effort, making it particularly suitable for users who prioritize efficiency and ease of use.</p>
  542. <p>QuickBooks Online provides a streamlined process for generating standard financial reports. Users can access these reports by navigating to the Reports section and selecting the desired report, applying basic filters like date ranges with just a few clicks. The platform also offers customization options, enabling users to tailor reports to their specific needs and save these customizations for future use.</p>
  543. <p>QuickBooks Desktop presents a more complex interface that may require a steeper learning curve. The process of generating and customizing reports involves multiple steps, and while it provides extensive customization options, it may not be as immediately accessible to users seeking quick insights. For example, creating a custom summary report necessitates navigating through several menus and applying various filters, which can be time-consuming for users unfamiliar with the system.</p>
  544. <h2><span class="ez-toc-section" id="QuickBooks_Online_pros_and_cons"/>QuickBooks Online pros and cons<span class="ez-toc-section-end"/></h2>
  545. <h3>Pros of QuickBooks Online</h3>
  546. <ul>
  547. <li>Offers built-in integrations and app syncing with platforms like Gusto, Shopify, and Square.</li>
  548. <li>Has automated updates and backups that eliminate the need for manual installations or IT support.</li>
  549. <li>Is more intuitive and modern in design, making it easier for new users to learn and navigate.</li>
  550. <li>Has real-time cloud access that lets you manage your books and collaborate with your accountant from anywhere.</li>
  551. </ul>
  552. <h3>Cons of QuickBooks Online</h3>
  553. <ul>
  554. <li>Lacks advanced job costing features that let you allocate labor costs and track profitability in detail.</li>
  555. <li>Has fewer customization options for reports and templates, especially for industry-specific needs.</li>
  556. <li>Is more dependent on internet speed and connectivity for consistent performance.</li>
  557. <li>Is more limited and basic in inventory management, with no support for assemblies or multi-location tracking.</li>
  558. </ul>
  559. <h2><span class="ez-toc-section" id="QuickBooks_Desktop_pros_and_cons"/>QuickBooks Desktop pros and cons<span class="ez-toc-section-end"/></h2>
  560. <h3>Pros of QuickBooks Desktop</h3>
  561. <ul>
  562. <li>Has advanced job costing features that let you allocate payroll, track estimates vs. actuals, and monitor project profitability.</li>
  563. <li>Offers batch invoicing, bulk transactions, and industry-specific tools that save time for high-volume accounting.</li>
  564. <li>Is more suited for inventory-heavy businesses with tools like assemblies, barcode scanning, and multi-location tracking.</li>
  565. </ul>
  566. <h3>Cons of QuickBooks Desktop</h3>
  567. <ul>
  568. <li>Lacks built-in cloud access that would let you work from any device without a hosted setup.</li>
  569. <li>Is more rigid and complex for new users, especially those without accounting or desktop software experience.</li>
  570. <li>Requires manual updates and installations, which can interrupt workflows or require IT involvement.</li>
  571. <li>Has limited real-time collaboration, since only one user can access a company file at a time without hosting.</li>
  572. </ul>
  573. <h2><span class="ez-toc-section" id="Should_your_organization_use_QuickBooks_Online_or_QuickBooks_Desktop"/>Should your organization use QuickBooks Online or QuickBooks Desktop?<span class="ez-toc-section-end"/></h2>
  574. <h3>Choose QuickBooks Online if . . .</h3>
  575. <ul>
  576. <li>You need simpler software that’s easy to learn and quick to implement.</li>
  577. <li>You prefer working from anywhere with cloud-based access.</li>
  578. <li>You want built-in automation, like recurring invoices or scheduled report emails.</li>
  579. <li>You rely on modern integrations with tools like Gusto, Shopify, or Stripe.</li>
  580. <li>You have a small team and don’t need complex approval workflows or job costing.</li>
  581. <li>You want predictable monthly pricing with minimal IT overhead.</li>
  582. </ul>
  583. <h3>Choose QuickBooks Desktop if . . .</h3>
  584. <ul>
  585. <li>You need higher invoicing limits, batch transactions, or advanced customization.</li>
  586. <li>You manage complex projects and require detailed job costing and labor allocation.</li>
  587. <li>You track inventory across multiple locations or use assemblies and barcode scanning.</li>
  588. <li>You require deeper, more customizable financial reporting.</li>
  589. <li>You prefer to keep your data stored locally or on a secure hosted server.</li>
  590. <li>You work in construction, manufacturing, or another industry that benefits from tailored workflows.</li>
  591. </ul>
  592. <h2><span class="ez-toc-section" id="Methodology"/>Methodology<span class="ez-toc-section-end"/></h2>
  593. <p>I evaluated QuickBooks Online and QuickBooks Desktop Enterprise using a feature-by-feature approach grounded in real-world accounting workflows. The goal wasn’t to crown a universal winner, but to help readers choose the version that fits their business best.</p>
  594. <ul>
  595. <li><strong>Cost:</strong> While not the sole focus, pricing played a supporting role in helping determine value at different user levels. We analyzed cost scaling and mapped it against functionality to identify “sweet spots” for both versions.</li>
  596. <li><strong>Key accounting features:</strong>We assessed each product’s capabilities across critical accounting areas such as accounts payable, receivable, job costing, inventory, and financial reporting. Priority was given to features that deliver functional value and support business-specific workflows.</li>
  597. <li><strong>Ease of use:</strong> We considered how intuitive each platform is for both accountants and non-accounting users. This included interface design, accessibility of key tools, and the learning curve required to operate the software effectively.</li>
  598. </ul>
  599. <h2><span class="ez-toc-section" id="Frequently_asked_questions_FAQs"/>Frequently asked questions (FAQs)<span class="ez-toc-section-end"/></h2>
  600. <h3>What is the main difference between QuickBooks Online and Desktop?</h3>
  601. <p>The main difference lies in how they’re built and who they serve. QuickBooks Online is cloud-based, designed for accessibility, automation, and ease of use — ideal for small to midsize businesses. QuickBooks Desktop, on the other hand, is locally installed and offers more advanced features like job costing, custom reporting, and robust inventory management — best suited for businesses with complex workflows.</p>
  602. <h3>Is QuickBooks Desktop being phased out?</h3>
  603. <p>Not entirely. Intuit will stop selling new subscriptions of QuickBooks Desktop Pro, Premier, and Mac after September 30, 2024 for U.S. customers. However, QuickBooks Desktop Enterprise will remain available for both new and existing users. Current subscribers of Pro and Premier can continue to renew their licenses, so while some versions are winding down, the Desktop platform as a whole is not being fully discontinued.</p>
  604. <h3>Can I switch from QuickBooks Desktop to Online?</h3>
  605. <p>Yes, you can migrate from QuickBooks Desktop to QuickBooks Online, and Intuit provides tools to assist with the process. However, some features and historical data may not transfer perfectly — especially if you rely on advanced functions like job costing or custom reporting. It’s important to review what data comes over and plan accordingly before making the switch.</p>
  606. </p></div>
  607. <p><br />
  608. <br /><a href="https://www.techrepublic.com/article/quickbooks-online-vs-desktop/">Source link </a></p>
  609. <p>The post <a href="https://ctplapps.in/which-is-right-for-you-in-2025/">Which Is Right for You in 2025?</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  610. ]]></content:encoded>
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  613. <slash:comments>0</slash:comments>
  616. </item>
  617. <item>
  618. <title>QuickBooks Online vs Solopreneur 2025: Best Pick for You?</title>
  619. <link>https://ctplapps.in/quickbooks-online-vs-solopreneur-2025-best-pick-for-you/</link>
  620. <comments>https://ctplapps.in/quickbooks-online-vs-solopreneur-2025-best-pick-for-you/#respond</comments>
  622. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  623. <pubDate>Tue, 22 Apr 2025 13:54:24 +0000</pubDate>
  624. <category><![CDATA[News]]></category>
  625. <guid isPermaLink="false">https://ctplapps.in/quickbooks-online-vs-solopreneur-2025-best-pick-for-you/</guid>
  626.  
  627. <description><![CDATA[<p>Intuit offers several QuickBooks products tailored to different user needs. In my opinion, choosing between QuickBooks Online and Solopreneur shouldn’t [&#8230;]</p>
  628. <p>The post <a href="https://ctplapps.in/quickbooks-online-vs-solopreneur-2025-best-pick-for-you/">QuickBooks Online vs Solopreneur 2025: Best Pick for You?</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  629. ]]></description>
  630. <content:encoded><![CDATA[<p> <br />
  631. </p>
  632. <div id="">
  633. <p>Intuit offers several QuickBooks products tailored to different user needs. In my opinion, choosing between QuickBooks Online and Solopreneur shouldn’t be difficult. QuickBooks Online is perfect for established businesses needing a complete accounting solution, especially those needing complex reporting features. Solopreneur is more suitable for a one-person business or a self-employed individual.</p>
  634. <p>If you have employees or need a balance sheet, go with QuickBooks Online. If you’re a solo business owner and just need to track income, expenses, and cash flow, Solopreneur is the better fit. By the end of this article, you’ll know exactly which one fits your situation.</p>
  635. <h2><span class="ez-toc-section" id="QuickBooks_Online_vs_QuickBooks_Solopreneur_Comparison_table"/>QuickBooks Online vs QuickBooks Solopreneur: Comparison table<span class="ez-toc-section-end"/></h2>
  636. <table id="tablepress-4569-no-2" class="tablepress tablepress-id-4569">
  637. <thead>
  638. <tr class="row-1">
  639. <th class="column-1"/>
  640. <th class="column-2">QuickBooks <br />Online</th>
  641. <th class="column-3">QuickBooks Solopreneur</th>
  642. </tr>
  643. </thead>
  644. <tbody class="row-striping row-hover">
  645. <tr class="row-2">
  646. <td class="column-1">Starting price</td>
  647. <td class="column-2"><center>$35 per month</center></td>
  648. <td class="column-3"><center>$25 per month</center></td>
  649. </tr>
  650. <tr class="row-3">
  651. <td class="column-1">Number of users</td>
  652. <td class="column-2"><center>1 to 25</center></td>
  653. <td class="column-3"><center>1 only</center></td>
  654. </tr>
  655. <tr class="row-4">
  656. <td class="column-1">Free trial</td>
  657. <td class="column-2"><center>30 days <span class="trcom-info-icon-container"><br />
  658. <sup tabindex="0" class="trcom-info-icon icon-"><br />
  659. <a tabindex="0" role="button" aria-describedby="trcom-info-b9ba64862f1a" data-toggle="tooltip" aria-label=""><br />
  660. <svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewbox="0 0 20 20">
  661. <path d="M10 18.75C7.67936 18.75 5.45376 17.8281 3.81282 16.1872C2.17187 14.5462 1.25 12.3206 1.25 10C1.25 7.67936 2.17187 5.45376 3.81282 3.81282C5.45376 2.17187 7.67936 1.25 10 1.25C12.3206 1.25 14.5462 2.17187 16.1872 3.81282C17.8281 5.45376 18.75 7.67936 18.75 10C18.75 12.3206 17.8281 14.5462 16.1872 16.1872C14.5462 17.8281 12.3206 18.75 10 18.75ZM10 20C12.6522 20 15.1957 18.9464 17.0711 17.0711C18.9464 15.1957 20 12.6522 20 10C20 7.34784 18.9464 4.8043 17.0711 2.92893C15.1957 1.05357 12.6522 0 10 0C7.34784 0 4.8043 1.05357 2.92893 2.92893C1.05357 4.8043 0 7.34784 0 10C0 12.6522 1.05357 15.1957 2.92893 17.0711C4.8043 18.9464 7.34784 20 10 20Z" fill="currentColor"/>
  662. <path d="M11.1624 8.235L8.29994 8.59375L8.19744 9.06875L8.75994 9.1725C9.12744 9.26 9.19994 9.3925 9.11994 9.75875L8.19744 14.0938C7.95494 15.215 8.32869 15.7425 9.20744 15.7425C9.88869 15.7425 10.6799 15.4275 11.0387 14.995L11.1487 14.475C10.8987 14.695 10.5337 14.7825 10.2912 14.7825C9.94744 14.7825 9.82244 14.5413 9.91119 14.1163L11.1624 8.235ZM11.2499 5.625C11.2499 5.95652 11.1182 6.27446 10.8838 6.50888C10.6494 6.7433 10.3315 6.875 9.99994 6.875C9.66842 6.875 9.35048 6.7433 9.11606 6.50888C8.88164 6.27446 8.74994 5.95652 8.74994 5.625C8.74994 5.29348 8.88164 4.97554 9.11606 4.74112C9.35048 4.5067 9.66842 4.375 9.99994 4.375C10.3315 4.375 10.6494 4.5067 10.8838 4.74112C11.1182 4.97554 11.2499 5.29348 11.2499 5.625Z" fill="currentColor"/>
  663. </svg> </a><br />
  664. </sup><br />
  665. <span id="trcom-info-b9ba64862f1a" class="trcom-info-content d-none sr-text">Credit card not required.</span><br />
  666. </span><br />
  667. </center></td>
  668. <td class="column-3"><center>30 days <span class="trcom-info-icon-container"><br />
  669. <sup tabindex="0" class="trcom-info-icon icon-"><br />
  670. <a tabindex="0" role="button" aria-describedby="trcom-info-940cc6a6a0dc" data-toggle="tooltip" aria-label=""><br />
  671. <svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewbox="0 0 20 20">
  672. <path d="M10 18.75C7.67936 18.75 5.45376 17.8281 3.81282 16.1872C2.17187 14.5462 1.25 12.3206 1.25 10C1.25 7.67936 2.17187 5.45376 3.81282 3.81282C5.45376 2.17187 7.67936 1.25 10 1.25C12.3206 1.25 14.5462 2.17187 16.1872 3.81282C17.8281 5.45376 18.75 7.67936 18.75 10C18.75 12.3206 17.8281 14.5462 16.1872 16.1872C14.5462 17.8281 12.3206 18.75 10 18.75ZM10 20C12.6522 20 15.1957 18.9464 17.0711 17.0711C18.9464 15.1957 20 12.6522 20 10C20 7.34784 18.9464 4.8043 17.0711 2.92893C15.1957 1.05357 12.6522 0 10 0C7.34784 0 4.8043 1.05357 2.92893 2.92893C1.05357 4.8043 0 7.34784 0 10C0 12.6522 1.05357 15.1957 2.92893 17.0711C4.8043 18.9464 7.34784 20 10 20Z" fill="currentColor"/>
  673. <path d="M11.1624 8.235L8.29994 8.59375L8.19744 9.06875L8.75994 9.1725C9.12744 9.26 9.19994 9.3925 9.11994 9.75875L8.19744 14.0938C7.95494 15.215 8.32869 15.7425 9.20744 15.7425C9.88869 15.7425 10.6799 15.4275 11.0387 14.995L11.1487 14.475C10.8987 14.695 10.5337 14.7825 10.2912 14.7825C9.94744 14.7825 9.82244 14.5413 9.91119 14.1163L11.1624 8.235ZM11.2499 5.625C11.2499 5.95652 11.1182 6.27446 10.8838 6.50888C10.6494 6.7433 10.3315 6.875 9.99994 6.875C9.66842 6.875 9.35048 6.7433 9.11606 6.50888C8.88164 6.27446 8.74994 5.95652 8.74994 5.625C8.74994 5.29348 8.88164 4.97554 9.11606 4.74112C9.35048 4.5067 9.66842 4.375 9.99994 4.375C10.3315 4.375 10.6494 4.5067 10.8838 4.74112C11.1182 4.97554 11.2499 5.29348 11.2499 5.625Z" fill="currentColor"/>
  674. </svg> </a><br />
  675. </sup><br />
  676. <span id="trcom-info-940cc6a6a0dc" class="trcom-info-content d-none sr-text">Credit card required.</span><br />
  677. </span><br />
  678. </center></td>
  679. </tr>
  680. <tr class="row-5">
  681. <td class="column-1">Invoicing</td>
  682. <td class="column-2"><center>✓</center></td>
  683. <td class="column-3"><center>✓</center></td>
  684. </tr>
  685. <tr class="row-6">
  686. <td class="column-1">Expense tracking</td>
  687. <td class="column-2"><center>✓</center></td>
  688. <td class="column-3"><center>✓</center></td>
  689. </tr>
  690. <tr class="row-7">
  691. <td class="column-1">Bank account integration</td>
  692. <td class="column-2"><center>✓</center></td>
  693. <td class="column-3"><center>✓</center></td>
  694. </tr>
  695. <tr class="row-8">
  696. <td class="column-1">Mobile app access</td>
  697. <td class="column-2"><center>✓</center></td>
  698. <td class="column-3"><center>✓</center></td>
  699. </tr>
  700. <tr class="row-9">
  701. <td class="column-1">Income &amp; expense reports</td>
  702. <td class="column-2"><center>✓</center></td>
  703. <td class="column-3"><center>✓</center></td>
  704. </tr>
  705. <tr class="row-10">
  706. <td class="column-1">Payroll management</td>
  707. <td class="column-2"><center>✓</center></td>
  708. <td class="column-3"><center>x</center></td>
  709. </tr>
  710. <tr class="row-11">
  711. <td class="column-1">Inventory tracking</td>
  712. <td class="column-2"><center>✓</center></td>
  713. <td class="column-3"><center>x</center></td>
  714. </tr>
  715. <tr class="row-12">
  716. <td class="column-1">Project management tools</td>
  717. <td class="column-2"><center>✓</center></td>
  718. <td class="column-3"><center>x</center></td>
  719. </tr>
  720. <tr class="row-13">
  721. <td class="column-1">Automatic separation of business &amp; personal transactions</td>
  722. <td class="column-2"><center>x</center></td>
  723. <td class="column-3"><center>✓</center></td>
  724. </tr>
  725. <tr class="row-14">
  726. <td class="column-1">Goal setting &amp; progress tracking</td>
  727. <td class="column-2"><center>x</center></td>
  728. <td class="column-3"><center>✓</center></td>
  729. </tr>
  730. <tr class="row-15">
  731. <td class="column-1">Simplified tax estimation for Schedule C Filers</td>
  732. <td class="column-2"><center>x</center></td>
  733. <td class="column-3"><center>✓</center></td>
  734. </tr>
  735. <tr class="row-16">
  736. <td class="column-1"/>
  737. <td class="column-2"><center><a href="https://link.technologyadvice.com/r/quickboks-online-tr-quickbooks-online-vs-self-employed" target="_blank" rel="noopener nofollow sponsored"><strong>Visit QuickBooks Online</strong></a></center></td>
  738. <td class="column-3"><center><a href="https://link.technologyadvice.com/r/quickbooks-solopreneur" target="_blank" rel="noopener nofollow sponsored"><strong>Visit QuickBooks Solopreneur</strong></a></center></td>
  739. </tr>
  740. </tbody>
  741. </table>
  742. <p><!-- #tablepress-4569-no-2 from cache --></p>
  743. <h2><span class="ez-toc-section" id="QuickBooks_Online_vs_QuickBooks_Solopreneur_Pricing"/>QuickBooks Online vs QuickBooks Solopreneur: Pricing<span class="ez-toc-section-end"/></h2>
  744. <h3>QuickBooks Online</h3>
  745. <ul>
  746. <li aria-level="1"><strong>Simple Start:</strong> $35 for one user</li>
  747. <li aria-level="1"><strong>Essentials: </strong>$65 for up to three users</li>
  748. <li aria-level="1"><strong>Plus: </strong>$99 for up to five users</li>
  749. <li aria-level="1"><strong>Advanced: </strong>$235 for up to 25 users</li>
  750. </ul>
  751. <h3>QuickBooks Solopreneur</h3>
  752. <p>Solopreneur is $25 for one user.</p>
  753. <h2><span class="ez-toc-section" id="QuickBooks_Online_vs_QuickBooks_Solopreneur_Feature_comparison"/>QuickBooks Online vs QuickBooks Solopreneur: Feature comparison<span class="ez-toc-section-end"/></h2>
  754. <h3>Invoicing &amp; A/R</h3>
  755. <p><strong>Winner: </strong>QuickBooks Online</p>
  756. <p>QuickBooks Online clearly outperforms Solopreneur when it comes to invoicing and managing A/R. It offers the full toolkit you’d expect for a growing business: professional invoice customization, recurring invoices, invoice tracking, and integrated payment processing. Solopreneur, on the other hand, is stripped down. It’s fine for sending basic invoices, but it lacks the automation, flexibility, and detail needed to manage A/R effectively over time.</p>
  757. <p>With QuickBooks Online, invoicing is fully integrated into your accounting workflow. You can send customized invoices, set up automated reminders for late payments, accept multiple payment methods, including ACH and credit cards, and track which invoices are open, overdue, or paid. You also get real-time A/R aging reports and the ability to apply partial payments or deposits, all of which help streamline cash flow and follow-up.</p>
  758. <p>Solopreneur’s invoicing tools are limited to the essentials. You can send basic invoices and track income, but that’s about it. There’s no support for recurring billing, automated payment reminders, or partial payments. There’s also no way to generate A/R reports, which leaves business owners without clear visibility into who owes them money and when. For solo users who invoice infrequently, it might be enough — but for anyone relying on steady client payments, it falls short.</p>
  759. <h3>Billing &amp; A/P</h3>
  760. <p><strong>Winner:</strong> QuickBooks Online</p>
  761. <p>QuickBooks Online is the better choice for billing and accounts payable (A/P). It supports vendor management, bill tracking, and scheduled payments, which are features Solopreneur simply doesn’t offer. If managing outgoing cash flow matters, QBO is the clear winner.</p>
  762. <p>QuickBooks Online gives you full control over A/P. You can enter bills, track due dates, set up recurring bills, and schedule payments to vendors. It also lets you attach receipts, categorize expenses accurately, and run detailed A/P aging reports, making it easy to manage obligations and avoid late fees. Integration with bank feeds means you can reconcile payments without manual entry.</p>
  763. <p>Solopreneur lacks dedicated billing and A/P features. You can track expenses, but there’s no way to record or manage unpaid bills. There’s also no vendor management, no bill scheduling, and no reports for tracking outstanding payables.</p>
  764. <h3>Cash management</h3>
  765. <p><strong>Winner:</strong> QuickBooks Online</p>
  766. <p>QuickBooks Online is far more capable than Solopreneur for managing cash flow. It offers the tools needed to monitor, forecast, and optimize your cash position. Solopreneur is too limited for anything beyond basic tracking.</p>
  767. <p>QuickBooks Online helps you stay on top of cash with real-time bank feeds, cash flow dashboards, and projection tools. You can categorize transactions, set cash flow goals, and use reports to analyze trends over time. It also connects directly to your accounts, letting you reconcile balances, spot issues early, and plan for shortfalls or surpluses. For businesses that depend on tight cash control, QBO delivers the insight you need.</p>
  768. <p>Solopreneur offers only a basic view of money in and out. You can see income and expenses and get a high-level cash flow snapshot, but there’s no forecasting, no automated categorization, and no detailed reporting. It’s built for simplicity, which works for some — but it won’t help you actively manage or plan your cash position.</p>
  769. <h3>Financial reporting</h3>
  770. <p><strong>Winner:</strong> QuickBooks Online</p>
  771. <p>QuickBooks Online is the clear winner for financial reporting. It offers far more reports, customization, and visibility. Solopreneur keeps things basic, which limits your ability to analyze performance.</p>
  772. <p>With QuickBooks Online, you can generate dozens of built-in reports — from profit and loss and balance sheets to A/R aging and custom reports by class, project, or location. You can filter, group, and schedule reports, giving you real-time insight into your business. QBO also supports accountant-ready reports, audit trails, and year-end tax prep, making it a powerful tool for both internal use and professional compliance.</p>
  773. <p>Solopreneur, by contrast, offers only the most essential reports. You’ll get a profit and loss view and a simple cash flow summary, but there’s no balance sheet, no A/P or A/R aging, and no way to customize or drill down into details. For users who just need a quick snapshot of income and expenses, it’s fine — but serious financial analysis isn’t possible here.</p>
  774. <h3>Tax compliance, reporting &amp; payments</h3>
  775. <p><strong>Winner:</strong> QuickBooks Solopreneur</p>
  776. <p>QuickBooks Solopreneur wins when it comes to tax compliance for sole proprietors. It’s designed specifically for freelancers and one-person businesses that need simple, effective tools to stay on top of quarterly taxes and deductions. QuickBooks Online is more comprehensive overall, but lacks the tailored experience that solo users get with Solopreneur.</p>
  777. <p>Solopreneur automatically categorizes your income and expenses to align with IRS Schedule C, making tax time a lot easier. It tracks mileage using GPS, lets you snap photos of receipts, and syncs with TurboTax for fast filing. The dashboard keeps your estimated taxes front and center, and you’ll always know what you owe and when to pay. These built-in features help maximize deductions without the hassle of extra setup or manual work.</p>
  778. <p>QuickBooks Online, while powerful, isn’t built with solo tax prep in mind. It can track sales tax, generate 1099s, and handle complex reporting — but it doesn’t estimate quarterly taxes or guide you through deductions for a Schedule C. For self-employed users, those tools often require workarounds or outside apps. It’s ideal for multi-employee businesses, not freelancers trying to keep tax prep fast and focused.</p>
  779. <h2><span class="ez-toc-section" id="QuickBooks_Online_pros_and_cons"/>QuickBooks Online pros and cons<span class="ez-toc-section-end"/></h2>
  780. <h3>Pros of QuickBooks Online</h3>
  781. <ul>
  782. <li aria-level="1">Handles both A/R and A/P with detailed tracking and automation</li>
  783. <li aria-level="1">Includes robust reporting, including balance sheets, cash flow statements, and aging reports</li>
  784. <li aria-level="1">Supports inventory, time tracking, and project accounting</li>
  785. <li aria-level="1">Scales easily for growing businesses with multiple users and employees</li>
  786. <li aria-level="1">Offers app integrations, bank feeds, and advanced customization</li>
  787. </ul>
  788. <h3>Cons of QuickBooks Online</h3>
  789. <ul>
  790. <li aria-level="1">Overkill for solo users who just need simple tracking and tax tools</li>
  791. <li aria-level="1">Higher monthly pricing compared to Solopreneur</li>
  792. <li aria-level="1">Tax features aren’t built specifically for Schedule C filers</li>
  793. <li aria-level="1">Interface and features may feel overwhelming for beginners</li>
  794. <li aria-level="1">Some advanced tools (like time tracking or project profitability) only available on higher-tier plans</li>
  795. </ul>
  796. <h2><span class="ez-toc-section" id="QuickBooks_Self-Employed_pros_and_cons"/>QuickBooks Self-Employed pros and cons<span class="ez-toc-section-end"/></h2>
  797. <h3>Pros of QuickBooks Self-Employed</h3>
  798. <ul>
  799. <li aria-level="1">Built specifically for self-employed users and freelancers</li>
  800. <li aria-level="1">Automatically categorizes expenses for easy Schedule C filing</li>
  801. <li aria-level="1">Tracks mileage, income, expenses, and receipts in one place</li>
  802. <li aria-level="1">Simplifies quarterly tax estimation and prep</li>
  803. <li aria-level="1">Affordable monthly price with a focused feature set</li>
  804. </ul>
  805. <h3>Cons of QuickBooks Self-Employed</h3>
  806. <ul>
  807. <li aria-level="1">No support for accounts payable, vendor tracking, or bill management</li>
  808. <li aria-level="1">Lacks financial reports like balance sheet or A/P and A/R aging</li>
  809. <li aria-level="1">Not ideal for full-scale businesses</li>
  810. <li aria-level="1">Limited customization for invoices and reporting</li>
  811. <li aria-level="1">Not ideal for businesses with inventory or employees</li>
  812. </ul>
  813. <h2><span class="ez-toc-section" id="Should_your_organization_use_QuickBooks_Online_or_QuickBooks_Self-Employed"/>Should your organization use QuickBooks Online or QuickBooks Self-Employed?<span class="ez-toc-section-end"/></h2>
  814. <h3>Choose QuickBooks Online if</h3>
  815. <ul>
  816. <li aria-level="1">You need full A/R and A/P capabilities</li>
  817. <li aria-level="1">You manage payroll or plan to hire employees</li>
  818. <li aria-level="1">You want advanced reports like balance sheets and cash flow statements</li>
  819. <li aria-level="1">You track inventory, billable hours, or project profitability</li>
  820. <li aria-level="1">You need multiple users with role-based permissions</li>
  821. <li aria-level="1">You plan to scale your business beyond a solo operation</li>
  822. </ul>
  823. <h3>Choose QuickBooks Self-Employed if</h3>
  824. <ul>
  825. <li aria-level="1">You run a solo business with no employees</li>
  826. <li aria-level="1">You want a simple way to track income, expenses, and cash flow</li>
  827. <li aria-level="1">You need help estimating and tracking quarterly taxes</li>
  828. <li aria-level="1">You file a Schedule C and want categories to match automatically</li>
  829. <li aria-level="1">You want to snap receipts and track mileage from your phone</li>
  830. <li aria-level="1">You don’t need invoicing automation, bill tracking, or detailed reports</li>
  831. </ul>
  832. <h2><span class="ez-toc-section" id="Methodology"/>Methodology<span class="ez-toc-section-end"/></h2>
  833. <p>I evaluated QuickBooks Online and QuickBooks Solopreneur based on their real-world performance in key accounting functions. My goal was to identify which tool best serves different types of users — specifically freelancers, sole proprietors, and small business owners managing growing operations.</p>
  834. <p>I focused on five essential areas:</p>
  835. <ul>
  836. <li aria-level="1">Invoicing &amp; A/R: How well each product handles billing, recurring invoices, and customer payments.</li>
  837. <li aria-level="1">Billing &amp; A/P: Support for entering, tracking, and managing bills and vendors.</li>
  838. <li aria-level="1">Cash management: Tools for monitoring cash flow and planning ahead.</li>
  839. <li aria-level="1">Financial reporting: Depth, flexibility, and clarity of reports.</li>
  840. <li aria-level="1">Tax compliance: Features that help with estimating taxes, filing returns, and organizing deductible expenses.</li>
  841. </ul>
  842. <p>For each category, I considered not just the presence of features, but their ease of use, relevance to solo and small business users, and how much manual work they eliminate. My recommendations are based on hands-on testing, product documentation, and real use cases from freelancers and small business clients.</p>
  843. <h2><span class="ez-toc-section" id="FAQs_about_QuickBooks_Online_vs_Solopreneur"/>FAQs about QuickBooks Online vs Solopreneur<span class="ez-toc-section-end"/></h2>
  844. <h3>Can I use QuickBooks Online for self-employed?</h3>
  845. <p>Yes, but it may be more than you need. QuickBooks Online is built for small businesses with more complex needs — like employees, inventory, or detailed reporting. If you’re a solo business owner without those requirements, QuickBooks Solopreneur (or QuickBooks Self-Employed) might be a better fit.</p>
  846. <h3>What is the best accounting software for self-employed?</h3>
  847. <p>The best option depends on what you need. If you’re filing a Schedule C and want automatic expense categorization, mileage tracking, and simple tax tools, QuickBooks Solopreneur is a top choice. For more control over invoicing, billing, and reporting, QuickBooks Online works better — even for solo users who want room to grow.</p>
  848. <h3>When should I move away from QuickBooks?</h3>
  849. <p>It’s time to switch if QuickBooks no longer meets your needs, like managing industry-specific workflows, scaling beyond what QBO allows, or requiring more advanced reporting than QuickBooks supports. Some users also move away for cost reasons or if they prefer a simpler interface or a different ecosystem.</p>
  850. <h3>What is the best accounting software for self-employed?</h3>
  851. <p>Each QuickBooks Online account supports one company file. If you manage multiple businesses, you’ll need a separate subscription for each. There’s no built-in multi-company feature within a single QBO subscription.</p>
  852. <h3>How many companies can you run on QuickBooks Online?</h3>
  853. <p>Each QuickBooks Online account supports one company file. If you manage multiple businesses, you’ll need a separate subscription for each. There’s no built-in multi-company feature within a single QBO subscription.</p>
  854. </p></div>
  855. <p><br />
  856. <br /><a href="https://www.techrepublic.com/article/quickbooks-online-vs-self-employed/">Source link </a></p>
  857. <p>The post <a href="https://ctplapps.in/quickbooks-online-vs-solopreneur-2025-best-pick-for-you/">QuickBooks Online vs Solopreneur 2025: Best Pick for You?</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  858. ]]></content:encoded>
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  861. <slash:comments>0</slash:comments>
  864. </item>
  865. <item>
  866. <title>How to Set Up a Shopify Store in 10 Steps</title>
  867. <link>https://ctplapps.in/how-to-set-up-a-shopify-store-in-10-steps/</link>
  868. <comments>https://ctplapps.in/how-to-set-up-a-shopify-store-in-10-steps/#respond</comments>
  870. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  871. <pubDate>Tue, 22 Apr 2025 12:53:32 +0000</pubDate>
  872. <category><![CDATA[News]]></category>
  873. <guid isPermaLink="false">https://ctplapps.in/how-to-set-up-a-shopify-store-in-10-steps/</guid>
  874.  
  875. <description><![CDATA[<p>Shopify is my top-rated e-commerce platform, not just based on my own evaluation but also backed by strong reviews from [&#8230;]</p>
  876. <p>The post <a href="https://ctplapps.in/how-to-set-up-a-shopify-store-in-10-steps/">How to Set Up a Shopify Store in 10 Steps</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  877. ]]></description>
  878. <content:encoded><![CDATA[<p> <br />
  879. </p>
  880. <div id="">
  881. <p>Shopify is my top-rated e-commerce platform, not just based on my own evaluation but also backed by strong reviews from real-world users and industry experts. If you’re ready to start selling online but aren’t sure where to begin, I can confidently say that Shopify makes the process incredibly straightforward, even if you have zero technical experience.</p>
  882. <p>In this step-by-step guide, I’ll walk you through exactly how to create a Shopify store, from picking a theme and adding products to setting up payments and getting your store ready to launch.</p>
  883. <h2><span class="ez-toc-section" id="Step_1_Sign_up_for_Shopify"/>Step 1: Sign up for Shopify<span class="ez-toc-section-end"/></h2>
  884. <p>Start by heading to <a href="https://www.shopify.com/" target="_blank" rel="noopener">Shopify.com</a> and clicking on Start free trial. Shopify offers a three-day free trial and a $1/month deal for the first three months on select plans. I personally find it great for testing the waters without a big commitment. You need at least that amount of time to see if the platform is a good fit for what your e-commerce business needs.</p>
  885. <p>Once you click on the Start free trial button, you’ll need to enter your email address and select a password. You can also choose to answer a few short questions about your business or skip that altogether. Additionally, you’ll be prompted to sign up for a plan — you don’t need to pay for the $1/month deal right now. You will receive an email to sign up before your three-day free trial ends.</p>
  886. <p>The sign-up process ends with a setup guide. This will show in your Shopify dashboard until all the steps are completed.</p>
  887. <figure id="attachment_4302879" aria-describedby="caption-attachment-4302879" style="width: 1920px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302879 size-full" src="https://assets.techrepublic.com/uploads/2025/04/ezgif.com-animated-gif-maker.gif" alt="" width="1920" height="1080"/><figcaption id="caption-attachment-4302879" class="wp-caption-text">Here is a quick guide to signing up for a Shopify free trial. (Image: Shopify)</figcaption></figure>
  888. <p><strong><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Tip:</strong> Don’t overthink the store name right now — you can change it later. Focus on getting inside the Shopify dashboard, where the real setup happens.</p>
  889. <h2><span class="ez-toc-section" id="Step_2_Set_up_your_stores_details"/>Step 2: Set up your store’s details<span class="ez-toc-section-end"/></h2>
  890. <p>Once you’re inside the Shopify admin (your backend dashboard), go to <strong>Settings &gt; General</strong>. This is where you’ll enter important information like your store details and defaults. Enter your billing address and set up your time zone, default currency, and weight unit.</p>
  891. <p>The default currency is the currency in which your prices will be listed (like USD, EUR, or GBP). Make sure this matches your primary customer base.</p>
  892. <figure id="attachment_4302881" aria-describedby="caption-attachment-4302881" style="width: 1920px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302881 size-full" src="https://assets.techrepublic.com/uploads/2025/04/ezgif.com-animated-gif-maker-1.gif" alt="" width="1920" height="1080"/><figcaption id="caption-attachment-4302881" class="wp-caption-text">Set up your billing address and default currency under the General header under the Settings tab. (Image: Shopify)</figcaption></figure>
  893. <p><strong><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Tip:</strong> If you’re selling B2B, Shopify Plus allows you to customize pricing by customer group and offer wholesale discounts automatically.</p>
  894. <h2><span class="ez-toc-section" id="Step_3_Choose_and_customize_a_theme"/>Step 3: Choose and customize a theme<span class="ez-toc-section-end"/></h2>
  895. <p>Now comes the fun part — designing your store. Head to <strong>Online Store &gt; Themes</strong>, where you’ll find free and paid themes. A theme controls how your store looks: layout, fonts, colors, etc. Think of it as the place where you set up your website.</p>
  896. <p>Once you see the page for Themes, click <strong>Customize</strong> on your theme to tweak the homepage, add your logo, or change the color scheme to match your brand. You can see where to click in the image below.</p>
  897. <p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-article wp-image-4302845" src="https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-770x433.png" alt="" width="770" height="433" srcset="https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-770x433.png 770w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-300x169.png 300w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-1024x576.png 1024w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-768x432.png 768w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-1536x864.png 1536w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-50x28.png 50w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-370x208.png 370w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-270x152.png 270w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-1540x866.png 1540w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-740x416.png 740w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-540x304.png 540w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-1110x624.png 1110w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a-810x456.png 810w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3a.png 1920w" sizes="auto, (max-width: 770px) 100vw, 770px"/></p>
  898. <p>Choose a simple theme to start — Debut or Dawn are great free options. You can always change or upgrade it later. If you want to explore the available themes, click on <strong>Import Theme &gt; Visit Theme Store.</strong></p>
  899. <figure id="attachment_4302846" aria-describedby="caption-attachment-4302846" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302846" src="https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-770x411.png" alt="" width="770" height="411" srcset="https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-770x411.png 770w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-300x160.png 300w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-1024x547.png 1024w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-768x410.png 768w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-1536x821.png 1536w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-50x27.png 50w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-370x198.png 370w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-270x144.png 270w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-1540x823.png 1540w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-740x395.png 740w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-540x288.png 540w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-1110x593.png 1110w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b-810x433.png 810w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3b.png 1696w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302846" class="wp-caption-text">Dawn is the default theme of Shopify stores. You can change the theme by visiting the Theme Store. (Image: Shopify)</figcaption></figure>
  900. <p>What’s great about Shopify’s themes is that they are all mobile-first,  meaning they’ll look good on phones and tablets, too. Mobile-first website templates are crucial for your online store. The majority of shoppers now browse and buy directly from their phones. Mobile-first templates ensure your site loads quickly, looks clean, and functions smoothly on smaller screens — enhancing user experience and boosting conversions. Plus, search engines like Google prioritize mobile-friendly sites, so it can help your store rank higher in search results.</p>
  901. <figure id="attachment_4302847" aria-describedby="caption-attachment-4302847" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302847" src="https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-770x381.png" alt="" width="770" height="381" srcset="https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-770x381.png 770w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-300x148.png 300w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-1024x506.png 1024w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-768x380.png 768w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-1536x760.png 1536w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-2048x1013.png 2048w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-50x25.png 50w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-370x183.png 370w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-270x134.png 270w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-1540x762.png 1540w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-740x366.png 740w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-540x267.png 540w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-2310x1143.png 2310w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-1110x549.png 1110w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c-810x401.png 810w, https://assets.techrepublic.com/uploads/2025/04/How-to-Set-Up-a-Shopify-Store-3c.png 2604w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302847" class="wp-caption-text">Shopify’s Theme Store offers 13 free and over 200 paid themes. (Image: Shopify)</figcaption></figure>
  902. <p>Once you choose a theme, you can take it a step further by customizing it to your brand. To do that, follow these steps:</p>
  903. <ul>
  904. <li><strong>Open the Theme Editor:</strong> Go to <strong>Online Store &gt; Themes</strong> in your Shopify admin. Click <strong>Customize</strong> next to your active theme.</li>
  905. <li><strong>Edit sections and blocks:</strong> Add, remove, or rearrange sections and blocks for each page. Click a section name in the sidebar to adjust its content and settings.</li>
  906. <li><strong>Use theme settings:</strong> Change colors, fonts, and layout styles from the <strong>Theme settings</strong> tab.</li>
  907. </ul>
  908. <figure id="attachment_4302848" aria-describedby="caption-attachment-4302848" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302848" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-770x350.png" alt="" width="770" height="350" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-770x350.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-300x136.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-1024x465.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-768x349.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-1536x697.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-2048x930.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-50x23.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-370x168.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-270x123.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-1540x699.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-740x336.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-540x245.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-2310x1049.png 2310w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-1110x504.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3-810x368.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup_3.png 2852w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302848" class="wp-caption-text">Your design elements are on the left of your editor screen. Click on a header to open its editor on the right. (Image: Shopify)</figcaption></figure>
  909. <p>Alternatively, you can click the three dots next to your theme and select <strong>Edit code</strong> if you need advanced changes not available in the editor and know how to code.</p>
  910. <p>Don’t forget to click <strong>Preview</strong> to see your changes live. Hit <strong>Save</strong> to apply your updates.</p>
  911. <h2><span class="ez-toc-section" id="Step_4_Add_products"/>Step 4: Add products<span class="ez-toc-section-end"/></h2>
  912. <p>Now that your storefront design is dialed in, it’s time to stock the shelves. You’ll add product listings from your Shopify admin or mobile app — whichever works best for you.</p>
  913. <ul>
  914. <li><strong>From your Shopify admin:</strong> Click <strong>Products</strong>, then <strong>Add product</strong>. Fill in your product title, description, pricing, images, and more. Click <strong>Save</strong> to publish it to your store.</li>
  915. <li><strong>From the Shopify mobile app:</strong> Tap <strong>Products</strong> in the Shopify app. Tap the + icon, then <strong>Add product</strong>. Enter details and tap <strong>Save</strong>.</li>
  916. <li><strong>Bulk upload option:</strong> Use a <strong>CSV file</strong> to import multiple products at once — ideal for large catalogs or moving from another platform.</li>
  917. </ul>
  918. <p>Each product in Shopify gets its own product details page — this is where your customer decides to buy. This is the core of your product presentation. Keep it clear, compelling, and helpful to guide your customer to checkout.</p>
  919. <ul>
  920. <li><strong>Title and description</strong></li>
  921. <li><strong>Media gallery </strong>(images, videos, or 3D models)</li>
  922. <li><strong>Price, compare-at price</strong>, and any available discounts</li>
  923. <li><strong>Inventory details</strong>, including SKU and barcode</li>
  924. <li><strong>Variants</strong> like sizes or colors</li>
  925. <li><strong>Shipping and weight info</strong></li>
  926. <li><strong>Metafields</strong> for custom content</li>
  927. <li><strong>Search engine listing preview</strong> to edit SEO metadata</li>
  928. </ul>
  929. <figure id="attachment_4302851" aria-describedby="caption-attachment-4302851" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302851" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-770x602.png" alt="" width="770" height="602" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-770x602.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-300x234.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-1024x800.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-768x600.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-1536x1200.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-50x39.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-370x289.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-270x211.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-1540x1203.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-740x578.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-540x422.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-1110x867.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4-810x633.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-4.png 1564w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302851" class="wp-caption-text">Above is a part of the product setup page in Shopify. (Image: Shopify)</figcaption></figure>
  930. <p>To help you create quality and sales-converting product listings, here are a few tips:</p>
  931. <ul>
  932. <li><strong>Write strong, unique product descriptions:</strong> Avoid manufacturer copy. Use bullet points, rich text formatting, and keywords to help with SEO.</li>
  933. <li><strong>Upload high-quality media:</strong> Crisp photos or short videos help build buyer confidence. Ensure images look great on both desktop and mobile.</li>
  934. <li><strong>Set clear prices and inventory:</strong> Add base prices, use <strong>compare-at price</strong> for discounts, and track stock quantities accurately.</li>
  935. <li><strong>Group with collections and tags:</strong> Use collections (e.g., “Best Sellers” or “Summer Favorites”) for navigation and tags for filtering and search.</li>
  936. <li><strong>Use metafields for extra info:</strong> Add custom content like ingredient lists or care instructions and connect it to your theme.</li>
  937. <li><strong>Edit SEO settings:</strong> Scroll down to the search engine listing preview and tweak the title and meta description to improve visibility on Google.</li>
  938. </ul>
  939. <p>If you are struggling with producing product copy, Shopify has a built-in AI generator called Shopify Magic that can create product descriptions from the prompts or keywords you supply. You can also specify the tone you want for it.</p>
  940. <figure id="attachment_4302853" aria-describedby="caption-attachment-4302853" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302853" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-770x664.png" alt="" width="770" height="664" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-770x664.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-300x259.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-1024x883.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-768x662.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-50x43.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-370x319.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-270x233.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-740x638.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-540x465.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-1110x957.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic-810x698.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Magic.png 1246w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302853" class="wp-caption-text">How Shopify Magic works in your Shopify product details page. (Image: Shopify)</figcaption></figure>
  941. <p>Your product pages are where decisions happen, so this step is worth the time. Once you’ve added a few listings, we’ll move on to setting up payments.</p>
  942. <h2><span class="ez-toc-section" id="Step_5_Set_up_your_payment_gateway"/>Step 5: Set up your payment gateway<span class="ez-toc-section-end"/></h2>
  943. <p>Once your products are live, you’ll want to get paid — this is where setting up a payment gateway comes in. A <a href="https://www.techrepublic.com/article/what-is-payment-gateway/">payment gateway</a> is the service that securely processes credit cards, digital wallets, and other forms of payment for your store.</p>
  944. <p>Here’s how to do it:</p>
  945. <ul>
  946. <li><strong>Access payment settings:</strong> Go to <strong>Settings</strong> &gt; <strong>Payments</strong> in your Shopify admin.</li>
  947. <li><strong>Choose your payment provider:</strong> Click <strong>Choose a provider</strong>. Select from the list of available providers (you can filter by country, e.g., United States). Shopify Payments is usually the easiest option. If it is available in your selling country, it lets you manage everything from one dashboard and avoids extra transaction fees.</li>
  948. <li><strong>Set up your provider:</strong> Enter your account credentials for your chosen payment gateway (like PayPal or Stripe).<br />Follow any additional steps or verifications required by the provider.</li>
  949. <li><strong>Activate and save:</strong> Click <strong>Activate</strong> once setup is complete. Don’t forget to hit <strong>Save</strong> to confirm your changes.</li>
  950. </ul>
  951. <figure id="attachment_4302856" aria-describedby="caption-attachment-4302856" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302856" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-770x369.png" alt="" width="770" height="369" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-770x369.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-300x144.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-1024x491.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-768x368.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-1536x737.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-2048x982.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-50x24.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-370x177.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-270x129.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-1540x738.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-740x355.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-540x259.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-1110x532.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway-810x388.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Step-5-Payment-Gateway.png 2098w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302856" class="wp-caption-text">Shopify has over 100 third-party payment providers. (Image: Shopify)</figcaption></figure>
  952. <p>I recommend going with Shopify Payments as a payment gateway when you are selling online using the platform, for the following reasons:</p>
  953. <ul>
  954. <li><strong>No extra transaction fees: </strong>You won’t pay Shopify’s standard commission fee on each transaction if you use Shopify Payments. However, if you use a third-party gateway, Shopify charges an additional 0.5% to 2% per sale on top of what your provider charges.</li>
  955. <li><strong>Flat, predictable pricing:</strong> Shopify Payments has simple flat-rate fees (starting at 2.9% + 30¢ per transaction on the Basic plan), with no monthly or setup costs beyond your Shopify subscription.</li>
  956. <li><strong>Built right into your dashboard:</strong> Everything — orders, payouts, chargebacks — is managed inside your Shopify admin. No jumping between platforms.</li>
  957. </ul>
  958. <figure id="attachment_4302857" aria-describedby="caption-attachment-4302857" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302857" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-770x455.png" alt="" width="770" height="455" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-770x455.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-300x177.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-1024x605.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-768x454.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-50x30.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-370x219.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-270x160.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-740x437.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-540x319.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-1110x656.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments-810x479.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Payments.png 1448w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302857" class="wp-caption-text">The easiest (and most cost-effective for new businesses) payment gateway for Shopify stores is Shopify Payments.</figcaption></figure>
  959. <p>Shopify Payments is ideal for small businesses because it’s integrated, affordable, and made specifically for Shopify sellers. However, if it’s not available in your country, connecting a reliable third-party provider is still an easy and secure option.</p>
  960. <p>Next up: let’s talk shipping so your products can get where they need to go.</p>
  961. <p><strong>Related reads:</strong></p>
  962. <h2><span class="ez-toc-section" id="Step_6_Configure_your_shipping_settings"/>Step 6: Configure your shipping settings<span class="ez-toc-section-end"/></h2>
  963. <p>Once payments are in place, the next piece is getting products to your customers. Shopify lets you create custom shipping rules based on location, price, or product weight, and you can offer everything from free shipping to real-time carrier rates.</p>
  964. <p>Here’s how to get your shipping setup dialed in:</p>
  965. <ul>
  966. <li>Go to <strong>Settings</strong> &gt; <strong>Shipping and delivery</strong> in your Shopify admin.</li>
  967. <li>Click <strong>Manage rates</strong> next to an existing shipping profile — or create a new one.</li>
  968. <li>You can build a general profile for most products or a custom profile for items with special shipping needs.</li>
  969. </ul>
  970. <figure id="attachment_4302858" aria-describedby="caption-attachment-4302858" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302858" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-770x330.png" alt="" width="770" height="330" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-770x330.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-300x129.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-1024x439.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-768x329.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-50x21.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-370x159.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-270x116.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-740x317.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-540x231.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-1110x476.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery-810x347.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Shipping-and-Delivery.png 1484w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302858" class="wp-caption-text">Image: Shopify.</figcaption></figure>
  971. <p><strong>Set up shipping zones:</strong></p>
  972. <ul>
  973. <li>Click <strong>Create zone</strong>, name it, and select the countries or regions it applies to.</li>
  974. <li>For example, you might create zones for “U.S. only,” “Asia,” or “Local delivery.”</li>
  975. </ul>
  976. <p><strong>Add your shipping rates:</strong> For each shipping zone, click <strong>Add rate</strong> and choose how you want to charge:</p>
  977. <ul>
  978. <li><strong>Flat rates: </strong>A fixed fee for any order (e.g., $5 standard shipping); this is best for simplicity and cost control.</li>
  979. <li><strong>General rates:</strong> Offer different delivery speeds (e.g., $5 standard, $15 express).  Both options show up at checkout for the customer to choose.</li>
  980. <li><strong>Price-based rates:</strong> Charge based on cart total (e.g., $4 under $50, free over $100). This option is great for incentivizing larger orders.</li>
  981. <li><strong>Weight-based rates:</strong> Use product weights to calculate shipping (e.g., $7 under 5kg, $15 over 5kg). This rate option is perfect for physical goods where weight affects cost.</li>
  982. <li><strong>Free shipping:</strong> Set any rate to $0 to offer free shipping. I recommend combining this with a price-based rule to offer free shipping on orders over a certain amount.</li>
  983. </ul>
  984. <figure id="attachment_4302859" aria-describedby="caption-attachment-4302859" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302859" src="https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-770x260.png" alt="" width="770" height="260" srcset="https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-770x260.png 770w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-300x101.png 300w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-1024x346.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-768x260.png 768w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-50x17.png 50w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-370x125.png 370w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-270x91.png 270w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-740x250.png 740w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-540x182.png 540w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-1110x375.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates-810x274.png 810w, https://assets.techrepublic.com/uploads/2025/04/Store-Setup-Shipping-Rates.png 1450w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302859" class="wp-caption-text">Set up your usual product packages so you can calculate shipping rates.</figcaption></figure>
  985. <p>If you’re on Shopify’s Advanced or Plus plan, you can enable real-time carrier rates and connect to services like Canada Post, FedEx, or USPS. Rates adjust dynamically based on item weight, box size, delivery speed, and location, which can be very useful if you want to pass on exact shipping costs to the customer. You can also add shipping rate apps from the Shopify App Store if you need more advanced logic or regional providers.</p>
  986. <p><strong>Offer local delivery or pickup:</strong></p>
  987. <ul>
  988. <li><strong>Local delivery:</strong> Set up delivery by postal code or distance radius, with optional delivery fees and order minimums.</li>
  989. <li><strong>In-store pickup:</strong> Let customers pick up their orders to save on shipping — and you control the pickup experience.</li>
  990. </ul>
  991. <figure id="attachment_4302861" aria-describedby="caption-attachment-4302861" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302861" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--770x199.png" alt="" width="770" height="199" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--770x199.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--300x78.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--1024x265.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--768x199.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--50x13.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--370x96.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--270x70.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--740x191.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--540x140.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--1110x287.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store--810x209.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Store-Setup-Local-Delivery-or-Pickup-in-Store-.png 1462w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302861" class="wp-caption-text">Image: Shopify.</figcaption></figure>
  992. <p>Shipping is often the final decision point before purchase—get it right, and you’ll reduce cart abandonment. Now let’s get your domain name connected so you can make your Shopify store feel truly yours.</p>
  993. <h2><span class="ez-toc-section" id="Step_7_Set_up_your_domain"/>Step 7: Set up your domain<span class="ez-toc-section-end"/></h2>
  994. <p>Your Shopify store comes with a default URL ending in .myshopify.com but to look professional, credible, and build trust with your customers, you’ll want your own branded domain (like<a href="http://www.yourstorename.com" target="_blank" rel="noopener"> www.yourstorename.com</a>). What’s great is that Shopify makes it easy to either buy a new domain or connect one you already own.</p>
  995. <figure id="attachment_4302862" aria-describedby="caption-attachment-4302862" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302862" src="https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-770x380.png" alt="" width="770" height="380" srcset="https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-770x380.png 770w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-300x148.png 300w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-1024x506.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-768x379.png 768w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-1536x759.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-2048x1012.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-50x25.png 50w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-370x183.png 370w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-270x133.png 270w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-1540x761.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-740x366.png 740w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-540x267.png 540w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-1110x548.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain-810x400.png 810w, https://assets.techrepublic.com/uploads/2025/04/Connect-Domain.png 2154w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302862" class="wp-caption-text">Go to Settings from your Shopify dashboard and click Domain from the menu. (Image: Shopify)</figcaption></figure>
  996. <p>Here are the options to set up a domain with Shopify:</p>
  997. <p><strong>Option 1: Buy a new domain through Shopify.</strong></p>
  998. <p>This is the easiest option because everything is handled for you. In your Shopify admin, go to <strong>Settings</strong> &gt; <strong>Domains</strong>. Click <strong>Buy new domain</strong> and search for your desired name. If it’s available, follow the prompts to complete the purchase.<span style="font-weight: 400;"><br /></span></p>
  999. <p>Once bought, Shopify automatically sets it as your <strong>primary domain</strong> (the one customers will see in their browser). You’ll manage everything — renewals, settings, and redirects — from inside Shopify.</p>
  1000. <p><strong>Option 2: Connect an existing domain.</strong></p>
  1001. <p>If you already have a domain from a provider like GoDaddy, Namecheap, or Google Domains, go to <strong>Settings</strong> &gt; <strong>Domains</strong> and click <strong>Connect existing domain</strong>. Enter your domain (e.g., yourstorename.com) and click <strong>Next</strong>. You’ll see the following DNS instructions:</p>
  1002. <ul>
  1003. <li>Point the <strong>A Record </strong>to Shopify’s IP: <span style="color: #188038;">23.227.38.65</span>.</li>
  1004. <li>Point the <strong>CNAME Record</strong> (for the “www” version) to: <span style="color: #188038;">shops.myshopify.com</span>.</li>
  1005. </ul>
  1006. <p>Log into your domain provider and update those DNS settings. Return to Shopify and verify your connection — it may take up to 48 hours to fully connect.</p>
  1007. <p><strong>Option 3: Transfer your domain to Shopify (optional).</strong></p>
  1008. <p>If you’d rather manage your entire domain — billing, renewals, settings — right from Shopify, you can transfer your domain. This option is ideal if you’re tired of juggling logins across different platforms.</p>
  1009. <p>You can add up to 20 domains or subdomains (or 1,000 if you’re on Shopify Plus). You can also add subdomains (like shop.yourbrand.com) to use for campaigns or alternate storefronts. Even if you buy multiple domains (like <strong>.com</strong>, .<strong>co</strong>, or <strong>.store</strong>), you can have them all redirect to your main domain. This keeps your brand protected and your visitors landing in the right place.</p>
  1010. <p>Once your domain is set and pointing to your store, you’re almost ready to launch! Next, let’s walk through how to prep your site for its big debut.</p>
  1011. <h2><span class="ez-toc-section" id="Step_8_Launch_your_store"/>Step 8: Launch your store<span class="ez-toc-section-end"/></h2>
  1012. <p>You’re almost there! With your products, payments, shipping, and domain set up, it’s time to launch your Shopify store. But before opening your digital doors, let’s make sure everything is running smoothly with a few final checks.</p>
  1013. <p><strong>Test your store:</strong></p>
  1014. <p>Before removing password protection, simulate a few customer experiences:</p>
  1015. <p><em>Go to</em> <strong>Settings</strong> &gt; <strong>Payments</strong> &gt; <strong>Shopify Payments</strong> &gt; <strong>Edit</strong> and enable <strong>test mode</strong>.</p>
  1016. <ul>
  1017. <li>Place test orders to verify that the checkout process, payment settings, and shipping options work correctly.</li>
  1018. <li>Use Shopify Payments test mode to simulate both successful and failed transactions (no charges apply).</li>
  1019. <li>If you’re using another payment provider, use Shopify’s Bogus Gateway, or place a real order and refund it immediately.</li>
  1020. <li>Check inventory updates, order fulfillment flow, and tax calculations.</li>
  1021. </ul>
  1022. <p>Don’t forget to turn it off when you’re done!</p>
  1023. <p>Do a last configuration check:</p>
  1024. <ul>
  1025. <li>Confirm your shipping rates, tax settings, and payment gateways are all active.</li>
  1026. <li>Make sure you’ve added essential store policies (refund, privacy, terms of service). Shopify has built-in templates under <strong>Settings</strong> &gt; <strong>Policies</strong>.</li>
  1027. <li>Review your storefront from a customer’s perspective using the preview tool: Go to Online Store and click the eye icon next to your theme.</li>
  1028. </ul>
  1029. <figure id="attachment_4302863" aria-describedby="caption-attachment-4302863" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302863" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-770x544.png" alt="" width="770" height="544" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-770x544.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-300x212.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-1024x723.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-768x542.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-50x35.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-370x261.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-270x191.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-740x522.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-540x381.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-1110x784.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies-810x572.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Policies.png 1456w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302863" class="wp-caption-text">Shopify has pre-built policies you can customize for your store. (Image: Shopify)</figcaption></figure>
  1030. <p><strong>Remove password protection:</strong></p>
  1031. <p>By default, Shopify stores are password-protected during setup. When you’re ready for the public, go to <strong>Online Store</strong> &gt; <strong>Preferences</strong>. Scroll to <strong>Password protection</strong>. Uncheck <strong>Restrict access to visitors with the password</strong>. Click <strong>Save</strong>.</p>
  1032. <figure id="attachment_4302864" aria-describedby="caption-attachment-4302864" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302864" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-770x322.png" alt="" width="770" height="322" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-770x322.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-300x126.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-1024x429.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-768x322.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-1536x643.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-2048x858.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-50x21.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-370x155.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-270x113.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-1540x645.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-740x310.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-540x226.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-2310x967.png 2310w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-1110x465.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password-810x339.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-store-password.png 2622w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302864" class="wp-caption-text">You need to subscribe to a paid plan to be able to publish your online store and make it available to the public. (Image: Shopify)</figcaption></figure>
  1033. <p>Once you remove the password, your store is officially live and open for business. Next, let’s dive into promoting your store and bringing in those first customers.</p>
  1034. <h2><span class="ez-toc-section" id="Step_Promote_your_store"/>Step: Promote your store<span class="ez-toc-section-end"/></h2>
  1035. <p>Once your Shopify store is live, it’s time to shift gears — from building to promoting. Luckily, you don’t need to be a marketing expert to start getting traffic. Shopify includes built-in tools to help you grow your audience, automate your campaigns, and stay connected with customers — all from your dashboard.</p>
  1036. <p>Here’s how to get started with Shopify’s built-in marketing tools and more:</p>
  1037. <h3>Use Shopify’s native marketing automation tools</h3>
  1038. <figure id="attachment_4302865" aria-describedby="caption-attachment-4302865" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302865" src="https://assets.techrepublic.com/uploads/2025/04/Marketing-770x299.png" alt="" width="770" height="299" srcset="https://assets.techrepublic.com/uploads/2025/04/Marketing-770x299.png 770w, https://assets.techrepublic.com/uploads/2025/04/Marketing-300x117.png 300w, https://assets.techrepublic.com/uploads/2025/04/Marketing-1024x398.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Marketing-768x298.png 768w, https://assets.techrepublic.com/uploads/2025/04/Marketing-1536x597.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Marketing-2048x796.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Marketing-50x19.png 50w, https://assets.techrepublic.com/uploads/2025/04/Marketing-370x144.png 370w, https://assets.techrepublic.com/uploads/2025/04/Marketing-270x105.png 270w, https://assets.techrepublic.com/uploads/2025/04/Marketing-1540x598.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Marketing-740x288.png 740w, https://assets.techrepublic.com/uploads/2025/04/Marketing-540x210.png 540w, https://assets.techrepublic.com/uploads/2025/04/Marketing-2310x898.png 2310w, https://assets.techrepublic.com/uploads/2025/04/Marketing-1110x431.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Marketing-810x315.png 810w, https://assets.techrepublic.com/uploads/2025/04/Marketing.png 2620w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302865" class="wp-caption-text">Shopify provides you with marketing campaigns and automation tools. (Image: Shopify)</figcaption></figure>
  1039. <p>Everything you need to run effective email marketing is already in Shopify:</p>
  1040. <ul>
  1041. <li><strong>Shopify Email:</strong> Design branded emails and send campaigns or automated follow-ups like welcome messages and abandoned cart reminders.</li>
  1042. <li><strong>Marketing automations:</strong> Trigger personalized emails based on customer behavior, such as first-time purchases or product views.</li>
  1043. <li><strong>Shopify Forms:</strong> Add pop-ups or embedded forms to collect email subscribers or wholesale inquiries. You can even offer a discount code to encourage signups.</li>
  1044. <li><strong>Customer segments:</strong> Create dynamic groups — like local shoppers or high spenders —and send targeted emails just for them.</li>
  1045. </ul>
  1046. <p>All of these tools work together, so you can build full email funnels without leaving your Shopify admin. Shopify handles analytics, too, so you can track open rates, clicks, and sales tied to your emails right inside the Marketing dashboard.</p>
  1047. <h3>Engage through social media</h3>
  1048. <p>Social media is where your brand personality shines. Here’s how to make the most of it:</p>
  1049. <ul>
  1050. <li>Link your Facebook, Instagram, or TikTok accounts using Shopify’s built-in integrations.</li>
  1051. <li>Share products directly from your admin and sync your catalog to social platforms for shoppable posts.</li>
  1052. <li>Try Instagram or Facebook Live to showcase products in real time and answer customer questions.</li>
  1053. <li>Use Shopify Collabs to connect with influencers, share discount codes, and track affiliate sales.</li>
  1054. </ul>
  1055. <h3>Optimize for SEO</h3>
  1056. <p>Make sure your store can be found in search engines:</p>
  1057. <ul>
  1058. <li>Use clear, keyword-rich titles and descriptions for products and collections.</li>
  1059. <li>Edit the search engine listing preview to write custom meta descriptions for Google.</li>
  1060. <li>Submit your sitemap to Google Search Console to get indexed faster.<span style="font-weight: 400;"><br /></span></li>
  1061. </ul>
  1062. <h3>Build and grow your email list</h3>
  1063. <p>If you’re just starting out, email might become your most cost-effective sales channel. Use Shopify Forms to collect emails on-site. Offer incentives like free shipping or a discount in exchange for signups. Send regular newsletters, promos, and new arrival alerts through Shopify Email.</p>
  1064. <h3>Run targeted ads and track results</h3>
  1065. <p>If you’re ready to invest in ads, Shopify makes that easier too: Use the Marketing tab to set up Google Ads, Facebook Ads, or email campaigns.</p>
  1066. <p>Stores on Shopify Plus can use Shopify Audiences to create custom buyer lists and export them to ad platforms like Facebook for laser-targeted campaigns.</p>
  1067. <h3>Run seasonal campaigns and flash sales</h3>
  1068. <p>Shopify also helps you plan high-impact sales:</p>
  1069. <ul>
  1070. <li>Schedule seasonal or holiday promotions with custom discount codes.</li>
  1071. <li>Prepare for large traffic spikes during flash sales by simplifying product pages and disabling non-essential apps.</li>
  1072. <li>Create a branded password page as a backup if you need to pause traffic due to issues during a major event.<span style="font-weight: 400;"><br /></span></li>
  1073. </ul>
  1074. <p><strong><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Tip:</strong> If you’re not sure where to start, use the <strong>Marketing</strong> &gt; <strong>Campaigns</strong> tab to try Shopify’s pre-built templates for promotions, emails, and ads. No coding or design skills required.</p>
  1075. <figure id="attachment_4302866" aria-describedby="caption-attachment-4302866" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302866" src="https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-770x313.png" alt="" width="770" height="313" srcset="https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-770x313.png 770w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-300x122.png 300w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-1024x416.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-768x312.png 768w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-1536x624.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-2048x832.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-50x20.png 50w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-370x150.png 370w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-270x110.png 270w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-1540x625.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-740x300.png 740w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-540x219.png 540w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-2310x938.png 2310w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-1110x451.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations-810x329.png 810w, https://assets.techrepublic.com/uploads/2025/04/Marketing-automations.png 2724w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302866" class="wp-caption-text">Marketing automations are available when you upgrade for free trial to a paid subscription.(Image: Shopify)</figcaption></figure>
  1076. <p>Promotion is not a one-time thing; it’s an ongoing process of connecting with your customers and growing your brand. Next, let’s look at how to track your store’s performance and optimize over time.</p>
  1077. <h2><span class="ez-toc-section" id="Step_10_Monitor_and_optimize_your_performance"/>Step 10: Monitor and optimize your performance<span class="ez-toc-section-end"/></h2>
  1078. <p>Launching your store is just the beginning. You need to take the time to track what’s working, what’s not, and where to improve. Shopify includes powerful analytics and performance tools built right into your dashboard so you can make smart decisions and grow confidently over time.</p>
  1079. <p>Here’s how to keep an eye on your store’s performance:</p>
  1080. <h3>Use Shopify Analytics</h3>
  1081. <p>From your Shopify admin, you can access real-time and historical reports that track:</p>
  1082. <ul>
  1083. <li><strong>Sales</strong> by product so you can identify bestsellers and underperformers</li>
  1084. <li><strong>Traffic sources</strong> to understand where your visitors are coming from (e.g., Google, email, Instagram)</li>
  1085. <li><strong>Abandoned carts</strong> to see how many customers didn’t complete checkout — and follow up with recovery emails</li>
  1086. <li><strong>Customer behaviors</strong> like page views, device types, and conversion paths</li>
  1087. </ul>
  1088. <p>These insights help you fine-tune your marketing strategy, update product listings, and improve the overall shopping experience.</p>
  1089. <figure id="attachment_4302870" aria-describedby="caption-attachment-4302870" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302870" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-770x385.png" alt="" width="770" height="385" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-770x385.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-300x150.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-1024x512.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-768x384.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-1536x767.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-2048x1023.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-50x25.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-370x185.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-270x135.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-1540x769.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-740x370.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-540x270.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-2310x1154.png 2310w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-1110x555.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics-810x405.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Analytics.png 2314w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302870" class="wp-caption-text">To access your analytics, go to Analytics &gt; Report from your Shopify admin. (Image: Shopify)</figcaption></figure>
  1090. <h3>Check your Web Performance dashboard</h3>
  1091. <p>Shopify’s Web Performance dashboard evaluates your store’s speed and stability using metrics based on Google’s Core Web Vitals. You’ll see:</p>
  1092. <ul>
  1093. <li><strong>Loading time</strong> (how fast your pages appear)</li>
  1094. <li><strong>Interactivity</strong> (how quickly your site responds to clicks and actions)</li>
  1095. <li><strong>Visual stability</strong> (how smoothly content loads without shifting).</li>
  1096. </ul>
  1097. <figure id="attachment_4302871" aria-describedby="caption-attachment-4302871" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302871" src="https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-770x403.png" alt="" width="770" height="403" srcset="https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-770x403.png 770w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-300x157.png 300w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-1024x537.png 1024w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-768x402.png 768w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-1536x805.png 1536w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-2048x1073.png 2048w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-50x26.png 50w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-370x194.png 370w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-270x141.png 270w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-1540x807.png 1540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-740x388.png 740w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-540x283.png 540w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-1110x582.png 1110w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance-810x424.png 810w, https://assets.techrepublic.com/uploads/2025/04/Shopify-Web-performance.png 2294w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302871" class="wp-caption-text">Shopify has tips on how to optimize your store’s website performance. (Image: Shopify)</figcaption></figure>
  1098. <p>Improving site speed can directly impact your search rankings and conversion rates.</p>
  1099. <p>If you’re using Shopify Plus, you’ll unlock deeper analytics, custom reports, and access to automation tools like Shopify Flow — perfect for managing high-volume sales or B2B customer segments.</p>
  1100. <p><strong>Related:</strong> <a href="https://www.techrepublic.com/article/shopify-vs-shopify-plus/">Shopify vs Shopify Plus (2025): Is It Worth Upgrading?</a></p>
  1101. <p><strong><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Tip:</strong> Check your analytics at least once a week and after running any major campaign. Use what you learn to test new ideas and double down on what’s working.</p>
  1102. <p>With this final step, you’ve got the tools and know-how to not only launch your store, but also to build, market, and scale it like a pro.</p>
  1103. <h2><span class="ez-toc-section" id="FAQs_About_Starting_a_Shopify_Store"/>FAQs About Starting a Shopify Store<span class="ez-toc-section-end"/></h2>
  1104. <h3>How much does it cost to start a Shopify store?</h3>
  1105. <p>Setting up a Shopify store typically costs between $300 and $600 upfront, which includes your Shopify subscription and optional add-ons like apps or premium themes. Expect monthly expenses to start around $75 to $150, depending on the features you use. If you plan to sell in person, you’ll also need to budget for hardware costs ranging from $49 to $499, plus $89 per month, per location for Shopify POS Pro.</p>
  1106. <h3>Is Shopify worth it for beginners?</h3>
  1107. <p>Absolutely. It’s beginner-friendly, and the interface is intuitive. Plus, the built-in tools help you with shipping, taxes, payments, and more — no coding needed.</p>
  1108. <h3>How much does Shopify take from a $100 sale?</h3>
  1109. <p>If you use Shopify Payments, the fee is about 2.9% + 30¢ per transaction on the Basic plan. So for a $100 sale, Shopify takes roughly $3.20.</p>
  1110. <h3>Is setting up a store on Shopify free?</h3>
  1111. <p>You can make a Shopify store with a free trial. After that, you’ll need to subscribe to a plan to continue selling.</p>
  1112. <h3>How much does Shopify charge per item sold?</h3>
  1113. <p>There are no per-item fees, but transaction fees apply. If you sell 10 items in one order for $100 total, you still pay the flat percentage on the full sale, not per item.</p>
  1114. <h3>How long does it take to set up a Shopify store?</h3>
  1115. <p>You can technically get your store up in a few hours, but expect to spend a few days fine-tuning your branding, listings, and settings.</p>
  1116. <h3>Are there any legal requirements for setting up a Shopify store?</h3>
  1117. <p>Yes, depending on where you operate. Common requirements include registering your business, setting up sales tax collection, and including a privacy policy and terms of service on your site. Shopify has templates to help with those, but it’s smart to consult a local advisor.</p>
  1118. </p></div>
  1119. <p><br />
  1120. <br /><a href="https://www.techrepublic.com/article/how-to-start-a-shopify-store/">Source link </a></p>
  1121. <p>The post <a href="https://ctplapps.in/how-to-set-up-a-shopify-store-in-10-steps/">How to Set Up a Shopify Store in 10 Steps</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1122. ]]></content:encoded>
  1124. <wfw:commentRss>https://ctplapps.in/how-to-set-up-a-shopify-store-in-10-steps/feed/</wfw:commentRss>
  1125. <slash:comments>0</slash:comments>
  1128. </item>
  1129. <item>
  1130. <title>How to Turn Off the Voice Assistant on Your Computer</title>
  1131. <link>https://ctplapps.in/how-to-turn-off-the-voice-assistant-on-your-computer/</link>
  1132. <comments>https://ctplapps.in/how-to-turn-off-the-voice-assistant-on-your-computer/#respond</comments>
  1134. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  1135. <pubDate>Tue, 22 Apr 2025 09:49:07 +0000</pubDate>
  1136. <category><![CDATA[News]]></category>
  1137. <guid isPermaLink="false">https://ctplapps.in/how-to-turn-off-the-voice-assistant-on-your-computer/</guid>
  1138.  
  1139. <description><![CDATA[<p>Siri, Google Assistant, and Microsoft Copilot respond to voice commands, allowing you to perform tasks such as opening an app, [&#8230;]</p>
  1140. <p>The post <a href="https://ctplapps.in/how-to-turn-off-the-voice-assistant-on-your-computer/">How to Turn Off the Voice Assistant on Your Computer</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1141. ]]></description>
  1142. <content:encoded><![CDATA[<p> <br />
  1143. </p>
  1144. <div id="">
  1145. <p>Siri, Google Assistant, and Microsoft Copilot respond to voice commands, allowing you to perform tasks such as opening an app, scheduling a meeting, setting a reminder, playing or pausing music, or requesting information. However, there are also situations when you will need to know how to turn off these voice assistants.</p>
  1146. <p>For instance, in public settings such as open offices, coffee shops, or airports, it may not be appropriate to talk to your computer or rely on virtual assistants. There are also situations when you want to conserve battery life, which is consumed by an active microphone. Alternatively, it might be quicker to use your keyboard rather than your voice for many tasks.</p>
  1147. <p>In any of these cases, disabling voice control can provide more privacy and increase the performance of your computer or device. Follow these simple steps to turn off your computer’s voice assistant.</p>
  1148. <h2><span class="ez-toc-section" id="How_to_turn_off_Siri_on_macOS"/>How to turn off Siri on macOS<span class="ez-toc-section-end"/></h2>
  1149. <p>You can turn off Siri on a macOS system using the following steps.</p>
  1150. <ol>
  1151. <li>Select the <strong>Apple Menu</strong> (typically in the upper-left corner), then System Settings.</li>
  1152. <li>Select <strong>Apple Intelligence &amp; Siri</strong> on the left-side menu.</li>
  1153. <li>Move the slider for Siri to the left to turn Siri off, as shown in <strong>Figure A.</strong></li>
  1154. <li>Select ‘<strong>Off</strong>‘ next and ‘<strong>Listen for</strong>’ to confirm that the feature is off.</li>
  1155. </ol>
  1156. <p><strong>Figure A</strong></p>
  1157. <figure id="attachment_4302805" aria-describedby="caption-attachment-4302805" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302805 size-article" src="https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-770x649.png" alt="macOS settings page for Apple Intelligence and the Siri voice assistant." width="770" height="649" srcset="https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-770x649.png 770w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-300x253.png 300w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-1024x863.png 1024w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-768x647.png 768w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-50x42.png 50w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-370x312.png 370w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-270x228.png 270w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-740x624.png 740w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-540x455.png 540w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-1110x936.png 1110w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings-810x683.png 810w, https://assets.techrepublic.com/uploads/2023/02/Apple-Siri-Settings.png 1407w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302805" class="wp-caption-text"><em>Disable Siri using the Apple Intelligence settings of macOS. (Image source: Apple)</em></figcaption></figure>
  1158. <h2><span class="ez-toc-section" id="How_to_turn_off_Google_Assistant_on_ChromeOS"/>How to turn off Google Assistant on ChromeOS<span class="ez-toc-section-end"/></h2>
  1159. <p>You can choose to turn off <a href="https://www.techrepublic.com/article/google-assistant-the-smart-persons-guide/">Google Assistant</a> on a Chromebook or Chrome OS system. If you use a managed ChromeOS device, an administrator may control Google Assistant settings. In the case of a Chromebook used by a student in a school setting, for example, the feature may not be available. Otherwise, follow these steps to adjust Google Assistant settings on ChromeOS.</p>
  1160. <ol>
  1161. <li>Click on the bottom right corner of the screen.</li>
  1162. <li>Select <strong>Settings</strong> (accessed by clicking the gear icon ).</li>
  1163. <li>Select <strong>Search and Assistant</strong> from the left-side menu.</li>
  1164. <li>Then, select the <strong>Google Assistant</strong> setting.</li>
  1165. <li>Move the slider to the left to turn Google Assistant off, as shown in <strong>Figure B</strong>.</li>
  1166. <li>You can also disable other settings, such as whether the voice assistant responds to “Hey Google.”</li>
  1167. </ol>
  1168. <p><strong>Figure B</strong></p>
  1169. <figure id="attachment_4302809" aria-describedby="caption-attachment-4302809" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302809" src="https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-770x380.jpg" alt="Google Chrome settings highlighting how to turn off Google Assistant." width="770" height="380" srcset="https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-770x380.jpg 770w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-300x148.jpg 300w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-768x380.jpg 768w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-50x25.jpg 50w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-370x183.jpg 370w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-270x133.jpg 270w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-740x366.jpg 740w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-540x267.jpg 540w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings-810x400.jpg 810w, https://assets.techrepublic.com/uploads/2023/02/Google-Assistant-settings.jpg 1024w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302809" class="wp-caption-text"><em>In Chrome OS settings, you can disable the voice assistant. (Image source: Google)</em></figcaption></figure>
  1170. <h2><span class="ez-toc-section" id="How_to_turn_off_Copilot_on_Microsoft_Windows"/>How to turn off Copilot on Microsoft Windows<span class="ez-toc-section-end"/></h2>
  1171. <p>The simplest way to turn off Copilot on a Microsoft Windows 11 system is to disable the entire app. Access and adjust the Copilot app’s configuration using the following sequence.</p>
  1172. <ol>
  1173. <li>Select the taskbar, or press the Windows key, and then click on the <strong>Settings</strong> icon.</li>
  1174. <li>Select <strong>Apps</strong> from the left-side menu, then choose <strong>Installed apps.</strong></li>
  1175. <li>Scroll down to Copilot in the list, select the three-dot menu (located to the right of the app storage info), and then choose <strong>Advanced options.</strong></li>
  1176. <li>In the Runs At Log-in option, move the slider to the left to turn Copilot off, as shown in <strong>Figure C.</strong></li>
  1177. <li><strong>Optional:</strong> You can configure the permissions to prevent the app from running in the background. Additionally, you can move the slider for microphone permissions to ‘Off.’</li>
  1178. </ol>
  1179. <p><strong>Figure C</strong></p>
  1180. <figure id="attachment_4302813" aria-describedby="caption-attachment-4302813" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="size-article wp-image-4302813" src="https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-770x786.png" alt="Microsoft App settings for Copilot." width="770" height="786" srcset="https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-770x786.png 770w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-294x300.png 294w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-768x784.png 768w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-50x50.png 50w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-370x378.png 370w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-270x276.png 270w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-740x756.png 740w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-540x551.png 540w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings-810x827.png 810w, https://assets.techrepublic.com/uploads/2023/02/Microsoft-Copilot-settings.png 994w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302813" class="wp-caption-text"><em>You can disable Copilot in your Windows settings. (Source: Microsoft)</em></figcaption></figure>
  1181. <h2><span class="ez-toc-section" id="How_to_turn_off_voice_command_with_keyboard_shortcuts"/>How to turn off voice command with keyboard shortcuts<span class="ez-toc-section-end"/></h2>
  1182. <p>While you can update your settings to switch off the voice assistant, this may require more in-depth navigation. If you don’t want to use a voice assistant, there are also keyboard shortcuts that make it easy and fast to turn it off. So, refer to the following chart for an overview of the easiest methods to disable voice commands.</p>
  1183. <table id="tablepress-4567-no-2" class="tablepress tablepress-id-4567">
  1184. <thead>
  1185. <tr class="row-1">
  1186. <th class="column-1"><center>Feature</center></th>
  1187. <th class="column-2"><center>Operating system</center></th>
  1188. <th class="column-3"><center>Shortcut keys</center></th>
  1189. </tr>
  1190. </thead>
  1191. <tbody class="row-striping row-hover">
  1192. <tr class="row-2">
  1193. <td class="column-1"><center><strong>Siri</strong></center></td>
  1194. <td class="column-2"><center>Apple</center></td>
  1195. <td class="column-3"><center>Press and hold F5</center></td>
  1196. </tr>
  1197. <tr class="row-3">
  1198. <td class="column-1"><center><strong>Google Assistant</strong></center></td>
  1199. <td class="column-2"><center>Chrome</center></td>
  1200. <td class="column-3"><center>Search key + a</center></td>
  1201. </tr>
  1202. <tr class="row-4">
  1203. <td class="column-1"><center><strong>Copilot</strong></center></td>
  1204. <td class="column-2"><center>Microsoft</center></td>
  1205. <td class="column-3"><center>Alt + spacebar</center></td>
  1206. </tr>
  1207. </tbody>
  1208. </table>
  1209. <p><!-- #tablepress-4567-no-2 from cache --></p>
  1210. <h2><span class="ez-toc-section" id="Three_reasons_to_disable_voice_assistants"/>Three reasons to disable voice assistants<span class="ez-toc-section-end"/></h2>
  1211. <p>While there are many reasons to disable voice assistants, the following list highlights some primary concerns with enabling voice assistance and the benefits of disabling voice control.</p>
  1212. <ul>
  1213. <li><strong>Data privacy:</strong> One reason that many individuals disable voice assistants is concerns about security and data storage. When voice assistants are enabled, they are always listening in the background and collecting information about you. If you want to protect your privacy, then disable this feature.</li>
  1214. <li><strong>Battery power:</strong> Similar to keeping too many tabs open on your computer, using a voice assistant consumes energy in the background. Disabling this feature can help conserve your battery, especially if you have set up your assistant to always listen or respond to specific keywords.</li>
  1215. <li><strong>Performance impact:</strong> Many of us have experienced that moment when Siri or another assistant pops up and disrupts what we’re doing, even though we didn’t intend to ask for help. Therefore, disabling the voice assistant can also ensure that you don’t have those disruptions.</li>
  1216. </ul>
  1217. <hr/>
  1218. <p><strong>Related read: How to use voice commands and virtual assistants</strong></p>
  1219. <hr/>
  1220. <h2><span class="ez-toc-section" id="Frequently_asked_questions_FAQs"/>Frequently asked questions (FAQs)<span class="ez-toc-section-end"/></h2>
  1221. <h3>How do I completely turn off voice assistants on my computer?</h3>
  1222. <p>Disabling voice assistants varies depending on your computer or device. For Windows users, go to Settings and turn off the Copilot app. If you are using a Mac or iOS device, open System Settings and toggle off “Siri” or “Apple Intelligence and Siri.” For Google Chrome or the Google app, navigate to the General section of settings and turn off “Google Assistant.”</p>
  1223. <h3>How do I turn off Narrator or Screen Reader in Windows?</h3>
  1224. <p>To turn off Narrator, navigate to Settings &gt; Accessibility and choose Narrator. From there, you can toggle off the Narrator or adjust your settings.</p>
  1225. <h3>Does turning off voice assistants save battery or improve performance?</h3>
  1226. <p>Reducing the number of programs running in the background of your computer can improve the performance and battery life of your operating system because it requires less processing power for the voice assistant to listen. However, most voice assistants do not consume a significant amount of battery power.</p>
  1227. </p></div>
  1228. <p><br />
  1229. <br /><a href="https://www.techrepublic.com/article/how-to-turn-off-voice-assistant/">Source link </a></p>
  1230. <p>The post <a href="https://ctplapps.in/how-to-turn-off-the-voice-assistant-on-your-computer/">How to Turn Off the Voice Assistant on Your Computer</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1231. ]]></content:encoded>
  1233. <wfw:commentRss>https://ctplapps.in/how-to-turn-off-the-voice-assistant-on-your-computer/feed/</wfw:commentRss>
  1234. <slash:comments>0</slash:comments>
  1237. </item>
  1238. <item>
  1239. <title>AI Benchmark Discrepancy Reveals Gaps in Performance Claims</title>
  1240. <link>https://ctplapps.in/ai-benchmark-discrepancy-reveals-gaps-in-performance-claims/</link>
  1241. <comments>https://ctplapps.in/ai-benchmark-discrepancy-reveals-gaps-in-performance-claims/#respond</comments>
  1243. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  1244. <pubDate>Tue, 22 Apr 2025 08:48:11 +0000</pubDate>
  1245. <category><![CDATA[News]]></category>
  1246. <guid isPermaLink="false">https://ctplapps.in/ai-benchmark-discrepancy-reveals-gaps-in-performance-claims/</guid>
  1247.  
  1248. <description><![CDATA[<p>FrontierMath accuracy for OpenAI’s o3 and o4-mini compared to leading models. Image: Epoch AI The latest results from FrontierMath, a [&#8230;]</p>
  1249. <p>The post <a href="https://ctplapps.in/ai-benchmark-discrepancy-reveals-gaps-in-performance-claims/">AI Benchmark Discrepancy Reveals Gaps in Performance Claims</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1250. ]]></description>
  1251. <content:encoded><![CDATA[<p> <br />
  1252. </p>
  1253. <div id="">
  1254. <figure id="attachment_4302811" aria-describedby="caption-attachment-4302811" style="width: 770px" class="wp-caption alignnone"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302811 size-article" src="https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-770x495.jpg" alt="FrontierMath accuracy for OpenAI’s o3 and o4-mini compared to leading models. " width="770" height="495" srcset="https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-770x495.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-300x193.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-1024x658.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-768x494.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-50x32.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-370x238.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-270x174.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-740x476.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-540x347.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-1110x714.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks-810x521.jpg 810w, https://assets.techrepublic.com/uploads/2025/04/frontiermath-epochai-ai-models-benchmarks.jpg 1400w" sizes="auto, (max-width: 770px) 100vw, 770px"/><figcaption id="caption-attachment-4302811" class="wp-caption-text">FrontierMath accuracy for OpenAI’s o3 and o4-mini compared to leading models. Image: Epoch AI</figcaption></figure>
  1255. <p>The latest results from FrontierMath, a benchmark test for generative AI on advanced math problems, show OpenAI’s o3 model performed worse than OpenAI originally stated. While newer OpenAI models now outperform o3, the discrepancy highlights the need to scrutinize AI benchmarks closely.</p>
  1256. <p>Epoch AI, the research institute that created and administers the test, released its latest findings on April 18.</p>
  1257. <h2><span class="ez-toc-section" id="OpenAI_claimed_25_completion_of_the_test_in_December"/>OpenAI claimed 25% completion of the test in December<span class="ez-toc-section-end"/></h2>
  1258. <p>Last year, the FrontierMath score for OpenAI o3 was part of the nearly overwhelming number of announcements and promotions released as part of OpenAI’s 12-day holiday event. The company claimed OpenAI o3, then its most powerful reasoning model, had solved more than 25% of problems on FrontierMath. In comparison, <a href="https://techcrunch.com/2025/04/20/openais-o3-ai-model-scores-lower-on-a-benchmark-than-the-company-initially-implied/" target="_blank" rel="noopener">most rival AI models scored around 2%</a>, according to TechCrunch.</p>
  1259. <p><strong>SEE: For Earth Day, </strong><a href="https://www.techrepublic.com/article/news-ai-sustainability-earth-day-2025/"><strong>organizations could factor generative AI’s power into their sustainability efforts</strong></a><strong>.</strong></p>
  1260. <p>On April 18, Epoch AI released <a href="https://x.com/EpochAIResearch/status/1913379475468833146/photo/1" target="_blank" rel="noopener">test results</a> showing OpenAI o3 scored closer to 10%. So, why is there such a big difference? Both the model and the test could have been different back in December. The version of OpenAI o3 that had been submitted for benchmarking last year was a prerelease version. FrontierMath itself has changed since December, with a different number of math problems. This isn’t necessarily a reminder not to trust benchmarks; instead, just remember to dig into the version numbers.</p>
  1261. <h2><span class="ez-toc-section" id="OpenAI_o4_and_o3_mini_score_highest_on_new_FrontierMath_results"/>OpenAI o4 and o3 mini score highest on new FrontierMath results<span class="ez-toc-section-end"/></h2>
  1262. <p>The updated results show OpenAI o4 with reasoning performed best, scoring between 15% and 19%. It was followed by OpenAI o3 mini, with o3 in third. Other rankings include:</p>
  1263. <ul>
  1264. <li>OpenAI o1</li>
  1265. <li>Grok-3 mini</li>
  1266. <li>Claude 3.7 Sonnet (16K)</li>
  1267. <li>Grok-3</li>
  1268. <li>Claude 3.7 Sonnet (64K)</li>
  1269. </ul>
  1270. <p>Although Epoch AI independently administers the test, OpenAI originally commissioned FrontierMath and owns its content.</p>
  1271. <aside class="pinbox right">
  1272. <h3 class="heading">More must-read AI coverage</h3>
  1273. </aside>
  1274. <h2><span class="ez-toc-section" id="Criticisms_of_AI_benchmarking"/>Criticisms of AI benchmarking<span class="ez-toc-section-end"/></h2>
  1275. <p>Benchmarks are a common way to compare generative AI models, but critics say the results can be influenced by test design or lack of transparency. A July 2024 study raised concerns that benchmarks often overemphasize narrow task accuracy and suffer from non-standradized evaluation practices.</p>
  1276. </p></div>
  1277. <p><br />
  1278. <br /><a href="https://www.techrepublic.com/article/news-openai-generative-ai-models-frontiermath-score/">Source link </a></p>
  1279. <p>The post <a href="https://ctplapps.in/ai-benchmark-discrepancy-reveals-gaps-in-performance-claims/">AI Benchmark Discrepancy Reveals Gaps in Performance Claims</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1280. ]]></content:encoded>
  1282. <wfw:commentRss>https://ctplapps.in/ai-benchmark-discrepancy-reveals-gaps-in-performance-claims/feed/</wfw:commentRss>
  1283. <slash:comments>0</slash:comments>
  1286. </item>
  1287. <item>
  1288. <title>Huawei Readies Ascend 920 Chip to Replace Restricted NVIDIA H20</title>
  1289. <link>https://ctplapps.in/huawei-readies-ascend-920-chip-to-replace-restricted-nvidia-h20/</link>
  1290. <comments>https://ctplapps.in/huawei-readies-ascend-920-chip-to-replace-restricted-nvidia-h20/#respond</comments>
  1292. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  1293. <pubDate>Mon, 21 Apr 2025 21:36:45 +0000</pubDate>
  1294. <category><![CDATA[News]]></category>
  1295. <guid isPermaLink="false">https://ctplapps.in/huawei-readies-ascend-920-chip-to-replace-restricted-nvidia-h20/</guid>
  1296.  
  1297. <description><![CDATA[<p>Image: Mehaniq41/Envato Elements U.S. restrictions and tariffs on Chinese imports may hurt American companies, particularly those that sell semiconductors to [&#8230;]</p>
  1298. <p>The post <a href="https://ctplapps.in/huawei-readies-ascend-920-chip-to-replace-restricted-nvidia-h20/">Huawei Readies Ascend 920 Chip to Replace Restricted NVIDIA H20</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1299. ]]></description>
  1300. <content:encoded><![CDATA[<p> <br />
  1301. </p>
  1302. <div id="">
  1303. <figure id="attachment_4302770" aria-describedby="caption-attachment-4302770" style="width: 1400px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-4302770" src="https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1.jpg" alt="An abstract technological background consisting of a multitude of luminous guiding lines and dots." width="1400" height="555" srcset="https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1.jpg 1400w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-300x119.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-1024x406.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-768x304.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-50x20.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-770x305.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-370x147.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-270x107.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-740x293.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-540x214.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-1110x440.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/an-abstract-technological-background-consisting-of-2025-03-17-22-45-09-utc-1-810x321.jpg 810w" sizes="auto, (max-width: 1400px) 100vw, 1400px"/><figcaption id="caption-attachment-4302770" class="wp-caption-text">Image: Mehaniq41/Envato Elements</figcaption></figure>
  1304. <p>U.S. restrictions and tariffs on Chinese imports may hurt American companies, particularly those that sell semiconductors to China, according to a report by The New York Times. As companies like NVIDIA brace for potential losses, possibly as high as $5.5 billion from its H20 chip, Chinese tech giant Huawei is seizing the opportunity by preparing a competing product.</p>
  1305. <h2><span class="ez-toc-section" id="Huawei_readies_Ascend_920_chip"/>Huawei readies Ascend 920 chip<span class="ez-toc-section-end"/></h2>
  1306. <p>Reuters reported on April 21 that Huawei has a new chip ready for Chinese companies that may be forced to seek an alternative to NVIDIA. The Ascend 920, first reported on by <a href="https://www.digitimes.com/news/a20250417PD218.html" target="_blank" rel="noopener">DigiTimes Asia</a>, could replace NVIDIA’s H20 when it becomes available for purchase in the second half of 2025.</p>
  1307. <p>According to Tom’s Hardware, the Huawei Ascend 920 has 900 TFLOPs per card and a 4 TB/s memory bandwidth, making it significantly more powerful than the NVIDIA H20. The H20 is a lower-power version of NVIDIA’s H100, built for the Chinese market in accordance with U.S. restrictions. AMD also faces strict restrictions on sales to China.</p>
  1308. <p>Huawei competes across a wide swath of the tech world, including with Apple on smartphones and Ericsson and Nokia in telecommunications, <a href="https://www.nytimes.com/2025/04/18/technology/ai-chips-china-huawei.html" target="_blank" rel="noopener">according to The New York Times</a>. Huawei could form a business relationship with DeepSeek, helping boost its China-based advanced AI efforts.</p>
  1309. <p><strong>SEE: Microsoft <a href="https://www.techrepublic.com/article/news-microsoft-copilot-computer-use-feature/">added AI agents to Copilot Studio</a>, its tool for customizing the AI Copilot.</strong></p>
  1310. <aside class="pinbox right">
  1311. <h3 class="heading">More must-read AI coverage</h3>
  1312. </aside>
  1313. <h2><span class="ez-toc-section" id="Chip_sanctions_on_China_span_Biden_and_Trump_eras_amid_rising_tech_tensions"/>Chip sanctions on China span Biden and Trump eras amid rising tech tensions<span class="ez-toc-section-end"/></h2>
  1314. <p>On April 15, the <a href="https://www.nytimes.com/2025/04/15/technology/nvidia-h20-chip-china-restrictions.html" target="_blank" rel="noopener">Trump administration restricted NVIDIA</a>, Advanced Micro Devices, and Intel from selling chips to China. Days later, shares in all three companies fell. NVIDIA CEO Jensen Huang met with Chinese leaders and discussed the region’s importance to the company.</p>
  1315. <p>An anonymous New York Times source said China could use NVIDIA chips to build data centers as part of the Belt and Road Initiative, a soft power initiative to plant Chinese-backed infrastructure worldwide. Sanctions against NVIDIA began in 2022 under former President Joe Biden’s administration to prevent the sale of high-performance chips to China.</p>
  1316. <p>Now, with pressure mounting on both sides of the Pacific, the race to control the future of AI and chipmaking is as much about geopolitics as it is about silicon.</p>
  1317. </p></div>
  1318. <p><br />
  1319. <br /><a href="https://www.techrepublic.com/article/news-us-china-chips-saga/">Source link </a></p>
  1320. <p>The post <a href="https://ctplapps.in/huawei-readies-ascend-920-chip-to-replace-restricted-nvidia-h20/">Huawei Readies Ascend 920 Chip to Replace Restricted NVIDIA H20</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1321. ]]></content:encoded>
  1323. <wfw:commentRss>https://ctplapps.in/huawei-readies-ascend-920-chip-to-replace-restricted-nvidia-h20/feed/</wfw:commentRss>
  1324. <slash:comments>0</slash:comments>
  1327. </item>
  1328. <item>
  1329. <title>&#8216;AI Is Fundamentally Incompatible With Environmental Sustainability’</title>
  1330. <link>https://ctplapps.in/ai-is-fundamentally-incompatible-with-environmental-sustainability/</link>
  1331. <comments>https://ctplapps.in/ai-is-fundamentally-incompatible-with-environmental-sustainability/#respond</comments>
  1333. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  1334. <pubDate>Mon, 21 Apr 2025 19:34:07 +0000</pubDate>
  1335. <category><![CDATA[News]]></category>
  1336. <guid isPermaLink="false">https://ctplapps.in/ai-is-fundamentally-incompatible-with-environmental-sustainability/</guid>
  1337.  
  1338. <description><![CDATA[<p>Image: Galyna_Andrushko/Envato Elements Generative AI is energy-intensive, and the ways in which its environmental impact can be calculated are complex. [&#8230;]</p>
  1339. <p>The post <a href="https://ctplapps.in/ai-is-fundamentally-incompatible-with-environmental-sustainability/">&#8216;AI Is Fundamentally Incompatible With Environmental Sustainability’</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1340. ]]></description>
  1341. <content:encoded><![CDATA[<p> <br />
  1342. </p>
  1343. <div id="">
  1344. <figure id="attachment_4302756" aria-describedby="caption-attachment-4302756" style="width: 1400px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-4302756" src="https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1.jpg" alt="A sunny view of flower fields." width="1400" height="933" srcset="https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1.jpg 1400w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-300x200.jpg 300w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-1024x682.jpg 1024w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-768x512.jpg 768w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-50x33.jpg 50w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-770x513.jpg 770w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-370x247.jpg 370w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-270x180.jpg 270w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-740x493.jpg 740w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-540x360.jpg 540w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-1110x740.jpg 1110w, https://assets.techrepublic.com/uploads/2025/04/sunny-meadow-2025-01-09-04-07-54-utc-1-810x540.jpg 810w" sizes="auto, (max-width: 1400px) 100vw, 1400px"/><figcaption id="caption-attachment-4302756" class="wp-caption-text">Image: Galyna_Andrushko/Envato Elements</figcaption></figure>
  1345. <p>Generative AI is energy-intensive, and the ways in which its environmental impact can be calculated are complex. Consider the downstream effect of generative AI on the environment when examining your company’s own sustainability goals.</p>
  1346. <ul>
  1347. <li>What side effects might not be immediately visible but could have a major impact?</li>
  1348. <li>When does most of the energy consumption occur: during training or everyday use?</li>
  1349. <li>Do “more efficient” AI models actually address any sustainability concerns?</li>
  1350. </ul>
  1351. <h2><span class="ez-toc-section" id="The_impact_of_generative_AI_on_electricity_generation_water_and_air_quality"/>The impact of generative AI on electricity generation, water, and air quality<span class="ez-toc-section-end"/></h2>
  1352. <h3>AI’s impact on air pollution</h3>
  1353. <p>In December 2024, the University of California, Riverside, and California Institute of Technology calculated that training <a href="https://www.techrepublic.com/article/news-meta-ftc-monopoly-trial/">Meta</a>’s Llama-3.1 produced the same amount of air pollution as more than 10,000 round trips by car between Los Angeles and New York City.</p>
  1354. <p>The increased air pollution from backup generators at data centers running AI caused regional public health costs of approximately $190 million to $260 million a year, the UC Riverside and Caltech researchers found.</p>
  1355. <h3>AI’s impact on electricity use</h3>
  1356. <p>A 2024 report from the <a href="https://www.unep.org/news-and-stories/story/ai-has-environmental-problem-heres-what-world-can-do-about" target="_blank" rel="noopener">International Energy Agency</a> said one ChatGPT prompt used 10 terawatt-hours more electricity per year than the total used annually for Google searches.</p>
  1357. <h3>AI’s impact on water use</h3>
  1358. <p>Sapping more electricity could fray already struggling utilities, leading to brownouts or blackouts. Drawing water from already drought-prone areas, such as the rapidly developing Phoenix, Arizona or the deserts of California, could cause habitat loss and wildfires.</p>
  1359. <p><strong>SEE: <a href="https://www.techrepublic.com/article/generative-ai-data-center-water-use/">Sending One Email With ChatGPT is the Equivalent of Consuming One Bottle of Water</a></strong></p>
  1360. <h2><span class="ez-toc-section" id="Do_training_or_everyday_use_of_AI_consume_more_resources"/>Do training or everyday use of AI consume more resources?<span class="ez-toc-section-end"/></h2>
  1361. <p>“Training is a time-consuming and energy-intensive process,” the IEA wrote in its <a href="https://iea.blob.core.windows.net/assets/b8a83930-5c77-4da7-b795-270ab6a6c272/EnergyandAI.pdf" target="_blank" rel="noopener">2025 Energy and AI World Energy Outlook Special Report</a>. One GPU of the type suitable for AI training draws about as much electricity as a toaster at its maximum rated power consumption. The agency calculated it took 42.4 gigawatt hours to train OpenAI’s GPT-4, the equivalent of the daily household electricity use of 28,500 households in an advanced economy.</p>
  1362. <p>What about everyday use? Query size, model size, the degree of inference time-scaling, and more factors into how much electricity an AI model uses during the inference stage of use, to parse the prompt. These factors, and a lack of data regarding the size and implementation of consumer AI models mean the environmental impact is very difficult to measure. However, generative AI undeniably draws more power than conventional computing.</p>
  1363. <p>“The inference phase (also the operational phase) was already responsible for the majority (60%) of AI energy costs at Google even before mass adoption of generative AI applications happened (2019-2021),” wrote Alex de Vries, founder of the research blog Digiconomist and the Bitcoin Energy Consumption Index, in an email to TechRepublic. “Even though we don’t have exact numbers, mass adoption of AI applications will have increased the weight of the inference (/operational) phase even further.”</p>
  1364. <p>Meanwhile, AI models continue to expand. “Increasing the model size (parameters) will result in better performance, but increases the energy use of both training and inference,” said de Vries.</p>
  1365. <p><strong>DOWNLOAD: This <a href="https://www.techrepublic.com/resource-library/glossary/quick-glossary-greentech/">Greentech Quick Glossary</a> from TechRepublic Premium</strong></p>
  1366. <h2><span class="ez-toc-section" id="DeepSeek_claimed_to_be_more_energy_efficient_but_its_complicated"/>DeepSeek claimed to be more energy efficient, but it’s complicated<span class="ez-toc-section-end"/></h2>
  1367. <p>DeepSeek’s AI models have been lauded for achieving as much as their major competitors without consuming as much energy and at a lower price tag; however, the reality is more complicated.</p>
  1368. <p>DeepSeek’s mixture-of-experts approach reduces costs by processing relationships between concepts in batches. It doesn’t require as much computational power or consume as much energy during training. The <a href="https://iea.blob.core.windows.net/assets/b8a83930-5c77-4da7-b795-270ab6a6c272/EnergyandAI.pdf" target="_blank" rel="noopener">IEA found</a> that the everyday use of the inference time scaling method used by DeepSeek-R1 consumes a significant amount of electricity. Generally, large inference models consume the most electricity. The training is less demanding, but the usage is more demanding, <a href="https://www.technologyreview.com/2025/01/31/1110776/deepseek-might-not-be-such-good-news-for-energy-after-all/">according to MIT Technology Review</a>.</p>
  1369. <p>“DeepSeek-R1 and OpenAI’s o1 model are substantially more energy intensive than other large language models,” wrote IEA in the 2025 Energy and AI report.</p>
  1370. <p>The IEA also pointed out the “rebound effect,” where the product’s increased efficiency leads to more users adopting it; as a result, the product continues to consume more resources.</p>
  1371. <aside class="pinbox right">
  1372. <h3 class="heading">More must-read AI coverage</h3>
  1373. </aside>
  1374. <h2><span class="ez-toc-section" id="Can_AI_offset_the_resources_it_consumes"/>Can AI offset the resources it consumes?<span class="ez-toc-section-end"/></h2>
  1375. <p>Tech companies still like to present themselves as good stewards. Google pursues energy-conscious certifications globally, including signing the Climate Neutral Data Centre Pact in Europe. Microsoft, which saw similar increases in water and electricity use in its 2024 sustainability reporting, is considering reopening a nuclear power plant at Three Mile Island in Pennsylvania to power its AI data centers.</p>
  1376. <p><strong>SEE: The proliferation of AI has created a sustained boom in <a href="https://www.techrepublic.com/article/news-data-centers-power-cooling-ai/">data centers</a> and related infrastructure.</strong></p>
  1377. <p>Supporters of AI might argue its benefits outweigh the risks. Generative AI can be used in sustainability projects. AI can help comb through massive datasets of information about carbon emissions or track emissions of greenhouse gases. Additionally, AI companies are continually working on improving the efficiency of their models. But what “efficiency” really means always seems to be the catch.</p>
  1378. <p>“There are some bottlenecks (like e.g. grid capacity) that could hold back the growth in AI and its power demand,” said de Vries. “This is hard to predict, also considering that it’s not possible to predict future demand for AI (for example the AI hype could fade to a certain extent), but any hope for limiting AI power demand comes from this. Due to the ‘bigger is better’ dynamic AI is fundamentally incompatible with environmental sustainability.”</p>
  1379. <p>Then there is the question of how far down the supply chain AI’s impact should be counted. “Indirect emissions from the consumption of electricity are the most significant component of emissions from hardware manufacturing [of semiconductors,” said the IEA in the Energy and AI report.</p>
  1380. <p>The cost of hardware and its use has gone down as companies understand the needs of generative AI better and pivot to products focused on it.</p>
  1381. <p>“At the hardware level, costs have declined by 30% annually, while energy efficiency has improved by 40% each year,” according to <a href="https://www.techrepublic.com/article/news-stanford-2025-ai-index/">Stanford University’s 2025 AI Index Report</a>.</p>
  1382. <p><strong>DOWNLOAD: This <a href="https://www.techrepublic.com/resource-library/it-policy/it-data-center-green-energy-policy/">IT Data Center Green Energy Policy</a> from TechRepublic Premium</strong></p>
  1383. <h2><span class="ez-toc-section" id="Consider_how_generative_AI_affects_your_business_environmental_targets"/>Consider how generative AI affects your business’ environmental targets<span class="ez-toc-section-end"/></h2>
  1384. <p>Generative AI is becoming mainstream. Microsoft’s Copilot is included by default in some PCs; smartphone makers are eagerly adding video editing AI and assistants; and Google gives out its Gemini Advanced model for free to students.</p>
  1385. <p>Tech companies that set promising sustainability targets may <a href="https://www.techrepublic.com/article/sustainability-goals-generative-ai-capgemini/">find it difficult to hit their goals</a> now that they produce and use generative AI products.</p>
  1386. <p>“AI can have dramatic impacts on ESG reports and also the ability of the companies concerned to reach their own climate goals,” said de Vries.</p>
  1387. <p><strong>DOWNLOAD: This Customizable <a href="https://www.techrepublic.com/resource-library/hr-policy/environmental-policy/">Environmental Policy</a> from TechRepublic Premium</strong></p>
  1388. <p>According to <a href="https://sustainability.google/reports/google-2024-environmental-report/" target="_blank" rel="noopener">Google’s 2024 Environmental Report</a>, the tech giant’s data centers consumed 17% more water than in 2023. Google attributed this to “the expansion of AI products and services” and noted “similar growth in electricity use.” Google’s data center waste generation and water use both increased.</p>
  1389. <p>“As AI adoption accelerates, IT leaders are increasingly aware that smarter devices don’t directly correlate to more efficient power consumption,” said Dan Root, head of global strategic alliances at ClickShare. “The spike in compute demand from AI tools means IT departments must look for offset opportunities elsewhere in their stack.”</p>
  1390. <p>As the International Energy Agency pointed out in its <a href="https://www.iea.org/reports/electricity-2024" target="_blank" rel="noopener">2024 electricity report</a>, both the source of electricity and the infrastructure need to be considered if the world is to meet the energy demands of AI.</p>
  1391. <p>“You can make/keep models a bit smaller to reduce their energy requirement, but this also means you have to be prepared to sacrifice performance,” said de Vries.</p>
  1392. </p></div>
  1393. <p><br />
  1394. <br /><a href="https://www.techrepublic.com/article/news-ai-sustainability-earth-day-2025/">Source link </a></p>
  1395. <p>The post <a href="https://ctplapps.in/ai-is-fundamentally-incompatible-with-environmental-sustainability/">&#8216;AI Is Fundamentally Incompatible With Environmental Sustainability’</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1396. ]]></content:encoded>
  1398. <wfw:commentRss>https://ctplapps.in/ai-is-fundamentally-incompatible-with-environmental-sustainability/feed/</wfw:commentRss>
  1399. <slash:comments>0</slash:comments>
  1402. </item>
  1403. <item>
  1404. <title>8 Free Career Development Courses From LinkedIn</title>
  1405. <link>https://ctplapps.in/8-free-career-development-courses-from-linkedin/</link>
  1406. <comments>https://ctplapps.in/8-free-career-development-courses-from-linkedin/#respond</comments>
  1408. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  1409. <pubDate>Mon, 21 Apr 2025 18:33:30 +0000</pubDate>
  1410. <category><![CDATA[News]]></category>
  1411. <guid isPermaLink="false">https://ctplapps.in/8-free-career-development-courses-from-linkedin/</guid>
  1412.  
  1413. <description><![CDATA[<p>Screenshot from LinkedIn Learning course Nano Tips for Advancing Your Career with Sho Dewan. Image: LinkedIn Learning With an estimated [&#8230;]</p>
  1414. <p>The post <a href="https://ctplapps.in/8-free-career-development-courses-from-linkedin/">8 Free Career Development Courses From LinkedIn</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1415. ]]></description>
  1416. <content:encoded><![CDATA[<p> <br />
  1417. </p>
  1418. <div id="">
  1419. <figure id="attachment_4302745" aria-describedby="caption-attachment-4302745" style="width: 1400px" class="wp-caption aligncenter"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-4302745" src="https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan.png" alt="Screenshot from LinkedIn Learning course Nano Tips for Advancing Your Career with Sho Dewan." width="1400" height="820" srcset="https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan.png 1400w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-300x176.png 300w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-1024x600.png 1024w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-768x450.png 768w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-50x29.png 50w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-770x451.png 770w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-370x217.png 370w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-270x158.png 270w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-740x433.png 740w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-540x316.png 540w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-1110x650.png 1110w, https://assets.techrepublic.com/uploads/2025/04/screenshot-linkedin-learning-nano-tips-for-advancing-your-career-sho-dewan-810x474.png 810w" sizes="auto, (max-width: 1400px) 100vw, 1400px"/><figcaption id="caption-attachment-4302745" class="wp-caption-text">Screenshot from LinkedIn Learning course Nano Tips for Advancing Your Career with Sho Dewan. Image: LinkedIn Learning</figcaption></figure>
  1420. <p>With an estimated 70% of job-related skills expected to change in the next five years according to LinkedIn data, this is a timely opportunity to upskill and stay ahead of the curve. In partnership with LinkedIn Learning, the platform is offering eight free career-focused courses to help individuals sharpen their skills, boost employability, and take control of their professional journeys.</p>
  1421. <p>These free LinkedIn Learning courses cover key areas such as personal branding, internal career growth, networking, and entrepreneurial thinking; here is a breakdown of each course. Act now because this offer ends on May 7.</p>
  1422. <h2><span class="ez-toc-section" id="1_Nano_Tips_for_Advancing_Your_Career_%E2%80%94_with_Sho_Dewan"/>1. Nano Tips for Advancing Your Career — with Sho Dewan<span class="ez-toc-section-end"/></h2>
  1423. <p>This course delivers valuable career advice in concise, digestible lessons. Sho Dewan — CEO of Workhap and a LinkedIn Top Voice — offers practical tips for excelling in your role, building a strong personal brand, negotiating raises, and even resigning professionally.</p>
  1424. <p>Why take it? If you’re short on time but aiming for high impact, this quick-hitter can help you gain clarity and confidence in your career direction.</p>
  1425. <h2><span class="ez-toc-section" id="2_Coaching_Yourself_to_Career_Success_%E2%80%94_with_Alicia_D_Reece"/>2. Coaching Yourself to Career Success — with Alicia D. Reece<span class="ez-toc-section-end"/></h2>
  1426. <p>Professional coaching can be expensive, but this course empowers you to become your own coach. Executive coach Alicia Reece guides you through proven strategies and self-coaching tools to help you break through career roadblocks.</p>
  1427. <p>This course is ideal for those who feel stuck or undervalued and want to learn how to take charge of their growth without relying on a mentor or coach.</p>
  1428. <h2><span class="ez-toc-section" id="3_Creating_Your_Internal_Mobility_Career_Plan_%E2%80%94_with_Lindsey_Pollak"/>3. Creating Your Internal Mobility Career Plan — with Lindsey Pollak<span class="ez-toc-section-end"/></h2>
  1429. <p>Not every career move requires leaving your company. This course breaks down how to grow within your organization, explore new roles, and navigate internal transitions. It is well-suited for professionals seeking growth but wary of job-hopping in today’s uncertain market.</p>
  1430. <h2><span class="ez-toc-section" id="4_Digital_Networking_Strategies_%E2%80%94_with_Christopher_Taylor"/>4. Digital Networking Strategies — with Christopher Taylor<span class="ez-toc-section-end"/></h2>
  1431. <p><a href="https://www.linkedin.com/learning/digital-networking-strategies/build-your-professional-network-online" target="_blank" rel="noopener">Digital networking</a> can unlock opportunities for new jobs, partnerships, and mentorships. This course demonstrates how to engage with hiring managers, peers, and industry influencers on platforms like LinkedIn. You’ll also learn how to build your personal brand and promote your work online. If you’re job hunting or aiming to grow your professional visibility, this course helps you build real connections.</p>
  1432. <aside class="pinbox right">
  1433. <h3 class="heading">What&#8217;s hot at TechRepublic</h3>
  1434. </aside>
  1435. <h2><span class="ez-toc-section" id="5_Invest_in_You_Personal_and_Professional_Development_%E2%80%94_with_Jason_Weeman"/>5. Invest in You: Personal and Professional Development — with Jason Weeman<span class="ez-toc-section-end"/></h2>
  1436. <p>If you’ve ever compared your progress to others and felt behind, this course can help. Jason Weeman guides you in identifying your values, setting clear goals, and building habits that lead to lasting growth.</p>
  1437. <p>This course provides a thoughtful guide to regaining momentum and building the version of success that’s right for you.</p>
  1438. <h2><span class="ez-toc-section" id="6_Leveraging_Your_Transferable_Skills_to_Drive_Your_Career_%E2%80%94_with_Jodi_Glickman"/>6. Leveraging Your Transferable Skills to Drive Your Career — with Jodi Glickman<span class="ez-toc-section-end"/></h2>
  1439. <p>You don’t need the “perfect” resume to land your next opportunity. This course helps you identify the strengths you already have and shows how to position them for new opportunities, even if you’re switching industries.</p>
  1440. <p>You’ll learn how to identify overlooked strengths from previous roles, reframe your experience to match new opportunities, present yourself beyond your resume in interviews and applications and pivot into unexpected career paths with confidence.</p>
  1441. <h2><span class="ez-toc-section" id="7_Landing_a_Job_as_a_Skills-First_Candidate_%E2%80%94_with_Shweta_Mogha"/>7. Landing a Job as a Skills-First Candidate — with Shweta Mogha<span class="ez-toc-section-end"/></h2>
  1442. <p>With more companies focusing on skills over traditional credentials, this course shows how to present yourself as a skills-first candidate, from resume writing to interview strategies. It is excellent for those without a conventional background or anyone wanting to stand out in a skills-driven job market.</p>
  1443. <h2><span class="ez-toc-section" id="8_Use_an_Entrepreneurial_Mindset_to_Find_Success_and_Fulfillment_at_Work_%E2%80%94_with_Erin_Shrimpton"/>8. Use an Entrepreneurial Mindset to Find Success and Fulfillment at Work — with Erin Shrimpton<span class="ez-toc-section-end"/></h2>
  1444. <p>Success doesn’t have to mean starting a business, but thinking like an entrepreneur can help you feel more fulfilled and proactive at work. This course shows how to adopt habits like risk-taking, creative problem-solving, and resilience to define success on your own terms. It’s ideal for professionals seeking meaning and ownership in their careers.</p>
  1445. </p></div>
  1446. <p><br />
  1447. <br /><a href="https://www.techrepublic.com/article/news-linkedin-free-career-courses/">Source link </a></p>
  1448. <p>The post <a href="https://ctplapps.in/8-free-career-development-courses-from-linkedin/">8 Free Career Development Courses From LinkedIn</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1449. ]]></content:encoded>
  1451. <wfw:commentRss>https://ctplapps.in/8-free-career-development-courses-from-linkedin/feed/</wfw:commentRss>
  1452. <slash:comments>0</slash:comments>
  1455. </item>
  1456. <item>
  1457. <title>5 Best Accounting Software for Property Management in 2025</title>
  1458. <link>https://ctplapps.in/5-best-accounting-software-for-property-management-in-2025/</link>
  1459. <comments>https://ctplapps.in/5-best-accounting-software-for-property-management-in-2025/#respond</comments>
  1461. <dc:creator><![CDATA[ctplapps]]></dc:creator>
  1462. <pubDate>Mon, 21 Apr 2025 14:29:19 +0000</pubDate>
  1463. <category><![CDATA[News]]></category>
  1464. <guid isPermaLink="false">https://ctplapps.in/5-best-accounting-software-for-property-management-in-2025/</guid>
  1465.  
  1466. <description><![CDATA[<p>The best property management software with accounting integration includes key features like owner statements, CAM Common Area Maintenance fee reconciliation, [&#8230;]</p>
  1467. <p>The post <a href="https://ctplapps.in/5-best-accounting-software-for-property-management-in-2025/">5 Best Accounting Software for Property Management in 2025</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
  1468. ]]></description>
  1469. <content:encoded><![CDATA[<p> <br />
  1470. </p>
  1471. <div id="">
  1472. <p>The best property management software with accounting integration includes key features like owner statements, CAM <span class="trcom-info-icon-container"><br />
  1473. <sup tabindex="0" class="trcom-info-icon icon-Question"><br />
  1474. <a tabindex="0" role="button" aria-describedby="trcom-info-c70f4c25f070" data-toggle="tooltip" aria-label=""><br />
  1475. <svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewbox="0 0 20 20">
  1476. <path d="M10 18.75C7.67936 18.75 5.45376 17.8281 3.81282 16.1872C2.17187 14.5462 1.25 12.3206 1.25 10C1.25 7.67936 2.17187 5.45376 3.81282 3.81282C5.45376 2.17187 7.67936 1.25 10 1.25C12.3206 1.25 14.5462 2.17187 16.1872 3.81282C17.8281 5.45376 18.75 7.67936 18.75 10C18.75 12.3206 17.8281 14.5462 16.1872 16.1872C14.5462 17.8281 12.3206 18.75 10 18.75ZM10 20C12.6522 20 15.1957 18.9464 17.0711 17.0711C18.9464 15.1957 20 12.6522 20 10C20 7.34784 18.9464 4.8043 17.0711 2.92893C15.1957 1.05357 12.6522 0 10 0C7.34784 0 4.8043 1.05357 2.92893 2.92893C1.05357 4.8043 0 7.34784 0 10C0 12.6522 1.05357 15.1957 2.92893 17.0711C4.8043 18.9464 7.34784 20 10 20Z" fill="currentColor"/>
  1477. <path d="M11.1624 8.235L8.29994 8.59375L8.19744 9.06875L8.75994 9.1725C9.12744 9.26 9.19994 9.3925 9.11994 9.75875L8.19744 14.0938C7.95494 15.215 8.32869 15.7425 9.20744 15.7425C9.88869 15.7425 10.6799 15.4275 11.0387 14.995L11.1487 14.475C10.8987 14.695 10.5337 14.7825 10.2912 14.7825C9.94744 14.7825 9.82244 14.5413 9.91119 14.1163L11.1624 8.235ZM11.2499 5.625C11.2499 5.95652 11.1182 6.27446 10.8838 6.50888C10.6494 6.7433 10.3315 6.875 9.99994 6.875C9.66842 6.875 9.35048 6.7433 9.11606 6.50888C8.88164 6.27446 8.74994 5.95652 8.74994 5.625C8.74994 5.29348 8.88164 4.97554 9.11606 4.74112C9.35048 4.5067 9.66842 4.375 9.99994 4.375C10.3315 4.375 10.6494 4.5067 10.8838 4.74112C11.1182 4.97554 11.2499 5.29348 11.2499 5.625Z" fill="currentColor"/>
  1478. </svg> </a><br />
  1479. </sup><br />
  1480. <span id="trcom-info-c70f4c25f070" class="trcom-info-content d-none sr-text">Common Area Maintenance</span><br />
  1481. </span><br />
  1482. fee reconciliation, and property-level reporting. I evaluated the platforms below based on the quality of their accounting integrations, whether they support two-way data syncing, and how smoothly they connect with existing financial systems. I also considered whether they’re supported by verified app marketplaces or partner directories.</p>
  1483. <div style="padding: 1.5rem 1rem; margin-bottom: 35px; background-color: #fefefe; -webkit-box-shadow: 0 8px 8px #70707033; box-shadow: 0px 0px 15px #70707033; border-radius: 8px;">
  1484. <h2><span class="ez-toc-section" id="Why_you_can_trust_TechRepublic"/>Why you can trust TechRepublic<span class="ez-toc-section-end"/></h2>
  1485. <p>At TechRepublic, we publish high-quality, independently researched articles created by writers who are experts in the fields they cover. Our contributors include seasoned IT professionals, certified accountants, software developers, and industry consultants — people who have worked directly with the tools they evaluate. Every article is built on firsthand experience, in-depth testing, and a deep understanding of what businesses and tech teams actually need to make confident, informed decisions.</p>
  1486. </div>
  1487. <h2><span class="ez-toc-section" id="Comparison_of_the_best_accounting_software_for_property_management"/>Comparison of the best accounting software for property management<span class="ez-toc-section-end"/></h2>
  1488. <table id="tablepress-4561-no-2" class="tablepress tablepress-id-4561">
  1489. <thead>
  1490. <tr class="row-1">
  1491. <th class="column-1"/>
  1492. <th class="column-2"><center>Starting monthly price</center></th>
  1493. <th class="column-3"><center>Tenant portal access</center></th>
  1494. <th class="column-4"><center>Lease management</center></th>
  1495. <th class="column-5"><center>Vacancy listing</center></th>
  1496. <th class="column-6"><center>Financial reporting</center></th>
  1497. </tr>
  1498. </thead>
  1499. <tbody class="row-striping row-hover">
  1500. <tr class="row-2">
  1501. <td class="column-1"><strong><a href="https://link.technologyadvice.com/r/buildium-tr-best-accounting-software-for-property-management" target="_blank" rel="nofollow noopener sponsored">Buildium</a></strong></td>
  1502. <td class="column-2"><center>$58</center></td>
  1503. <td class="column-3"><center>5★</center></td>
  1504. <td class="column-4"><center>5★</center></td>
  1505. <td class="column-5"><center>5★</center></td>
  1506. <td class="column-6"><center>5★</center></td>
  1507. </tr>
  1508. <tr class="row-3">
  1509. <td class="column-1"><strong><a href="https://link.technologyadvice.com/r/stratafolio" target="_blank" rel="nofollow noopener sponsored">STRATAFOLIO</a></strong></td>
  1510. <td class="column-2"><center>$150</center></td>
  1511. <td class="column-3"><center>4★</center></td>
  1512. <td class="column-4"><center>4★</center></td>
  1513. <td class="column-5"><center>3.5★</center></td>
  1514. <td class="column-6"><center>4★</center></td>
  1515. </tr>
  1516. <tr class="row-4">
  1517. <td class="column-1"><strong><a href="https://link.technologyadvice.com/r/rei-hub-main" target="_blank" rel="nofollow noopener sponsored">REI Hub</a></strong></td>
  1518. <td class="column-2"><center>$15</center></td>
  1519. <td class="column-3"><center>✕</center></td>
  1520. <td class="column-4"><center>✕</center></td>
  1521. <td class="column-5"><center>✕</center></td>
  1522. <td class="column-6"><center>5★</center></td>
  1523. </tr>
  1524. <tr class="row-5">
  1525. <td class="column-1"><strong><a href="https://link.technologyadvice.com/r/rent-redi" target="_blank" rel="nofollow noopener sponsored">RentRedi</a></strong></td>
  1526. <td class="column-2"><center>$29.95</center></td>
  1527. <td class="column-3"><center>5★</center></td>
  1528. <td class="column-4"><center>4.5★</center></td>
  1529. <td class="column-5"><center>5★</center></td>
  1530. <td class="column-6"><center>3.5★</center></td>
  1531. </tr>
  1532. <tr class="row-6">
  1533. <td class="column-1"><strong><a href="https://link.technologyadvice.com/r/tenantcloud-main" target="_blank" rel="nofollow noopener sponsored">TenantCloud</a></strong></td>
  1534. <td class="column-2"><center>Custom</center></td>
  1535. <td class="column-3"><center>5★</center></td>
  1536. <td class="column-4"><center>5★</center></td>
  1537. <td class="column-5"><center>5★</center></td>
  1538. <td class="column-6"><center>4★</center></td>
  1539. </tr>
  1540. </tbody>
  1541. </table>
  1542. <p><strong></p>
  1543. <div class="listicle listicle-item" id="buildium-best-overall-pick">
  1544. <h2>Buildium: Best overall pick</h2>
  1545. <figure id="attachment_4302715" aria-describedby="caption-attachment-4302715" style="width: 250px" class="wp-caption alignright"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302715" src="https://assets.techrepublic.com/uploads/2025/04/buildium.webp" alt="Buildium logo" width="250" height="250" srcset="https://assets.techrepublic.com/uploads/2025/04/buildium.webp 512w, https://assets.techrepublic.com/uploads/2025/04/buildium-300x300.webp 300w, https://assets.techrepublic.com/uploads/2025/04/buildium-50x50.webp 50w, https://assets.techrepublic.com/uploads/2025/04/buildium-370x370.webp 370w, https://assets.techrepublic.com/uploads/2025/04/buildium-270x270.webp 270w" sizes="auto, (max-width: 250px) 100vw, 250px"/><figcaption id="caption-attachment-4302715" class="wp-caption-text">Image: Buildium</figcaption></figure>
  1546. <p><strong>My rating: 4.4 out of 5 points</strong></p>
  1547. <p>Buildium offers the most balanced mix of property management and accounting features without overcomplicating the experience. It handles everything from tenant communication to financial reporting in a single platform, which reduces the need for workarounds or third-party tools.</p>
  1548. <p>For anyone managing multiple properties, especially residential units, it strikes the right balance between usability and depth. It’s not just capable — it’s dependable, which is exactly what I look for in the best accounting software for property management. However, TenantCloud, which is similar to Buildium, has the advantage when it comes to affordability and flexibility for individual landlords, especially those managing just a few units.</p>
  1549. <h3>Pricing</h3>
  1550. <ul>
  1551. <li><strong>Essential:</strong> Starting at $58 per month</li>
  1552. <li><strong>Growth:</strong> Starting at $183 per month</li>
  1553. <li><strong>Premium:</strong> Starting at $375 per month</li>
  1554. </ul></div>
  1555. <p> </strong></p>
  1556. <h3>My evaluation</h3>
  1557. <p>Buildium performed consistently well across all three parts of my assessment. It aced key areas like rent collection, financial reporting, maintenance tracking, and tenant portal access. The interface is intuitive, the setup is smooth, and customer support is responsive and well-documented.</p>
  1558. <p>The only area where it took a hit was owner distributions. While reports are solid, Buildium lacks fully automated ACH or check-based distribution workflows, which cost it points in both accounting and operational criteria. It also doesn’t offer direct access to certified bookkeepers, which limited its bookkeeping support score. That said, as a complete property management accounting software solution, Buildium remains one of the most well-rounded tools available.</p>
  1559. <h3>Pros and cons</h3>
  1560. <table id="tablepress-4562-no-2" class="tablepress tablepress-id-4562">
  1561. <thead>
  1562. <tr class="row-1">
  1563. <th class="column-1"><center>Pros</center></th>
  1564. <th class="column-2"><center>Cons</center></th>
  1565. </tr>
  1566. </thead>
  1567. <tbody class="row-striping row-hover">
  1568. <tr class="row-2">
  1569. <td class="column-1">Offers strong accounting features built specifically for property management</td>
  1570. <td class="column-2">Lacks automated ACH or check-based owner distributions</td>
  1571. </tr>
  1572. <tr class="row-3">
  1573. <td class="column-1">Features a tenant portal that supports rent payments, maintenance requests, and communications</td>
  1574. <td class="column-2">Requires a minimum of 20 units, which may be a barrier for small landlords</td>
  1575. </tr>
  1576. <tr class="row-4">
  1577. <td class="column-1">Has a clean, intuitive dashboard with solid financial reporting</td>
  1578. <td class="column-2">Doesn&#8217;t offer access to in-house bookkeepers or dedicated accounting experts</td>
  1579. </tr>
  1580. <tr class="row-5">
  1581. <td class="column-1">Provides reliable customer support with onboarding and help resources</td>
  1582. <td class="column-2"/>
  1583. </tr>
  1584. </tbody>
  1585. </table>
  1586. <p><strong></p>
  1587. <div class="listicle listicle-item" id="stratafolio-best-for-commercial-property-management">
  1588. <h2>STRATAFOLIO: Best for commercial property management</h2>
  1589. <figure id="attachment_4302724" aria-describedby="caption-attachment-4302724" style="width: 249px" class="wp-caption alignright"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302724 " src="https://assets.techrepublic.com/uploads/2025/04/STRATAFOLIO.png" alt="STRATAFOLIO logo" width="249" height="249" srcset="https://assets.techrepublic.com/uploads/2025/04/STRATAFOLIO.png 270w, https://assets.techrepublic.com/uploads/2025/04/STRATAFOLIO-50x50.png 50w" sizes="auto, (max-width: 249px) 100vw, 249px"/><figcaption id="caption-attachment-4302724" class="wp-caption-text">Image: STRATAFOLIO</figcaption></figure>
  1590. <p><strong>My rating: 4.3 out of 5 points</strong></p>
  1591. <p>Stratafolio is purpose-built for commercial real estate, so I recommend it for managing office, retail, and industrial properties. It handles the complexities of multi-entity ownership, CAM reconciliation, lease escalations, and investor reporting better than most general-purpose platforms. If you’re managing triple net leases or juggling multiple LLCs under one portfolio, this is where Stratafolio shines.</p>
  1592. <p>It also integrates directly with QuickBooks, so accounting stays streamlined without duplicating data entry. You get centralized dashboards, automated rent schedules, and robust reporting tools designed specifically for commercial use cases. However, I prefer how RentRedi handles QuickBooks integration because it gives more control over syncing transactions and categorizing property-level data without needing a deep accounting background.</p>
  1593. <h3>Pricing</h3>
  1594. <ul>
  1595. <li><strong>Essential:</strong> $150 per month; $2 per additional unit</li>
  1596. <li><strong>Professional:</strong> $175 per month; $4 per additional unit</li>
  1597. <li><strong>Enterprise: </strong>$210 per month; $6 per additional unit</li>
  1598. </ul>
  1599. <p>All plans come with five units.</p>
  1600. </p></div>
  1601. <p> </strong></p>
  1602. <h3>My evaluation</h3>
  1603. <p>Stratafolio scored well in the areas that matter most to me for commercial property management. I like how it handles lease escalations, ownership splits, and consolidated reporting — features that are often missing or underdeveloped in more residential-focused platforms. The QuickBooks integration also worked in its favor, especially for landlords who already have their accounting set up there.</p>
  1604. <p>That said, I couldn’t award a higher mark for the tenant-side experience. The portal feels limited — tenants can pay rent and submit requests, but they can’t view leases or documents. I also found the lack of automated owner distributions and limited payment options to be drawbacks. And while setup isn’t overly complex, it does take more effort to configure properly because of the QuickBooks connection.</p>
  1605. <h3>Pros and cons</h3>
  1606. <table id="tablepress-4563-no-2" class="tablepress tablepress-id-4563">
  1607. <thead>
  1608. <tr class="row-1">
  1609. <th class="column-1"><center>Pros</center></th>
  1610. <th class="column-2"><center>Cons</center></th>
  1611. </tr>
  1612. </thead>
  1613. <tbody class="row-striping row-hover">
  1614. <tr class="row-2">
  1615. <td class="column-1">Is designed specifically for commercial property management</td>
  1616. <td class="column-2">Includes only five units by default in all plans, even the highest tier</td>
  1617. </tr>
  1618. <tr class="row-3">
  1619. <td class="column-1">Handles CAM reconciliation, lease escalations, and investor reporting</td>
  1620. <td class="column-2">Relies on QuickBooks for core accounting functionality</td>
  1621. </tr>
  1622. <tr class="row-4">
  1623. <td class="column-1">Works with both QuickBooks Desktop and QuickBooks Online</td>
  1624. <td class="column-2">Has a tenant portal that lacks document access and robust communication tools</td>
  1625. </tr>
  1626. <tr class="row-5">
  1627. <td class="column-1">Features strong multi-entity and ownership tracking</td>
  1628. <td class="column-2"/>
  1629. </tr>
  1630. <tr class="row-6">
  1631. <td class="column-1">Has centralized dashboards and real-time financial insights</td>
  1632. <td class="column-2"/>
  1633. </tr>
  1634. </tbody>
  1635. </table>
  1636. <p><strong></p>
  1637. <div class="listicle listicle-item" id="rei-hub-best-for-inexpensive-property-management">
  1638. <h2>REI Hub: Best for inexpensive property management</h2>
  1639. <figure id="attachment_4302722" aria-describedby="caption-attachment-4302722" style="width: 225px" class="wp-caption alignright"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302722 size-full" src="https://assets.techrepublic.com/uploads/2025/04/REI-Hub.jpeg" alt="REI Hub logo" width="225" height="225" srcset="https://assets.techrepublic.com/uploads/2025/04/REI-Hub.jpeg 225w, https://assets.techrepublic.com/uploads/2025/04/REI-Hub-50x50.jpeg 50w" sizes="auto, (max-width: 225px) 100vw, 225px"/><figcaption id="caption-attachment-4302722" class="wp-caption-text">Image: REI Hub</figcaption></figure>
  1640. <p><strong>My rating: 3.2 out of 5 points</strong></p>
  1641. <p>I like REI Hub because it’s tailored for real estate investors who want accurate, property-level financials without overspending. It is prebuilt with a real estate chart of accounts, supports Schedule E reporting, and includes rental-specific templates for transactions like security deposits and mortgage payments. That makes REI Hub a smart pick for anyone looking for the best accounting software for property management that stays focused on bookkeeping without paying for tools they won’t use.</p>
  1642. <p>That said, if you’re growing into full-scale property management with multiple units, maintenance coordination, and tenant communications, you’ll likely outgrow REI Hub. That’s where platforms like Buildium come in. Buildium offers broader functionality for landlords who need more than just accounting, making it a natural next step as your portfolio expands.</p>
  1643. <h3>Pricing</h3>
  1644. <ul>
  1645. <li>Up to 3 units: $15 per month</li>
  1646. <li>Up to 10 units: $25 per month</li>
  1647. <li>Up to 20 units: $45 per month</li>
  1648. <li>Unlimited units: $80 per month</li>
  1649. </ul></div>
  1650. <p> </strong></p>
  1651. <h3>My evaluation</h3>
  1652. <p>I gave REI Hub a high score for ease of use since it is well-designed, is easy to navigate, and doesn’t get in the way during setup. I also granted additional points for its accounting features. It handles bank reconciliation smoothly, supports double-entry accounting, and offers customizable reporting. While it depends on integrations like QuickBooks for deeper functionality, its financial tools are still solid for users looking to stay organized without extra friction.</p>
  1653. <p>That said, I had to dock points heavily when it came to property management. It lacks key features like tenant portals, lease management, maintenance tracking, and vacancy tools. I also couldn’t award a higher mark given the absence of occupancy tax tracking, which is especially important for short-term rentals. Overall, my score reflects a platform that works well for accounting but falls short as a comprehensive property management solution.</p>
  1654. <h3>Pros and cons</h3>
  1655. <table id="tablepress-4564-no-2" class="tablepress tablepress-id-4564">
  1656. <thead>
  1657. <tr class="row-1">
  1658. <th class="column-1"><center>Pros</center></th>
  1659. <th class="column-2"><center>Cons</center></th>
  1660. </tr>
  1661. </thead>
  1662. <tbody class="row-striping row-hover">
  1663. <tr class="row-2">
  1664. <td class="column-1">Is designed specifically for real estate investors with a property-by-property accounting structure</td>
  1665. <td class="column-2">Lacks core property management features like tenant portals, maintenance tracking, and lease automation</td>
  1666. </tr>
  1667. <tr class="row-3">
  1668. <td class="column-1">Is preconfigured for Schedule E reporting with a real estate-focused chart of accounts</td>
  1669. <td class="column-2">Has no built-in general ledger; relies on QuickBooks for deeper accounting functions</td>
  1670. </tr>
  1671. <tr class="row-4">
  1672. <td class="column-1">Includes rental-specific transaction templates for security deposits and mortgage splits.</td>
  1673. <td class="column-2">Does not support occupancy tax tracking or compliance features.</td>
  1674. </tr>
  1675. <tr class="row-5">
  1676. <td class="column-1">Is easy to use, with an intuitive dashboard, smooth setup process, and responsive support</td>
  1677. <td class="column-2">Offers limited owner reporting and distribution automation (manual processes required)</td>
  1678. </tr>
  1679. <tr class="row-6">
  1680. <td class="column-1"/>
  1681. <td class="column-2">Lacks tools for listing vacancies, managing applications, or scheduling showings</td>
  1682. </tr>
  1683. </tbody>
  1684. </table>
  1685. <p><strong></p>
  1686. <div class="listicle listicle-item" id="rentredi-best-for-quickbooks-integration">
  1687. <h2>RentRedi: Best for QuickBooks integration</h2>
  1688. <figure id="attachment_4302718" aria-describedby="caption-attachment-4302718" style="width: 225px" class="wp-caption alignright"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-4302718 size-full" src="https://assets.techrepublic.com/uploads/2025/04/RentRedi.png" alt="RentRedi logo" width="225" height="225" srcset="https://assets.techrepublic.com/uploads/2025/04/RentRedi.png 225w, https://assets.techrepublic.com/uploads/2025/04/RentRedi-50x50.png 50w" sizes="auto, (max-width: 225px) 100vw, 225px"/><figcaption id="caption-attachment-4302718" class="wp-caption-text">Image: RentRedi</figcaption></figure>
  1689. <p><strong>My rating: 4.0 out of 5 points</strong></p>
  1690. <p>RentRedi offers one of the cleanest QuickBooks Online integrations among all the options I looked at. Payments recorded in RentRedi flow directly into QuickBooks, eliminating the need to export or reconcile data manually.</p>
  1691. <p>The tool is designed to reduce friction for landlords who already manage their books in QuickBooks, making it an ideal choice for those seeking the best accounting software for property management that works seamlessly with a trusted accounting system. Other platforms offer integrations, but RentRedi does this with less effort, with fewer sync issues, and without requiring a separate add-on or connector.</p>
  1692. <p>That said, if you’re managing commercial spaces or complex ownership structures, Stratafolio is the better pick. Its QuickBooks integration is built with those use cases in mind, such as handling CAM reconciliation, lease escalations, and investor reporting that go beyond what RentRedi is designed to support.</p>
  1693. <h3>Pricing</h3>
  1694. <ul>
  1695. <li><strong>Standard</strong>
  1696. <ul>
  1697. <li><strong>Monthly:</strong> $29.95</li>
  1698. <li><strong>Six months:</strong> $20 per month</li>
  1699. <li><strong>Annual:</strong> $12 per month</li>
  1700. </ul>
  1701. </li>
  1702. <li><strong>Premium:</strong> $42 a month, billed annually</li>
  1703. </ul></div>
  1704. <p> </strong></p>
  1705. <h3>My evaluation</h3>
  1706. <p>RentRedi stands out as a well-balanced option in the property management accounting software space, especially for landlords looking to streamline their financial workflows through QuickBooks. I gave it credit for having an easy setup, a clean interface, and a responsive support team. It also performed well in core property management functions like rent collection, maintenance tracking, and tenant communications. The tenant portal is fully functional and mobile-friendly, making it more usable daily.</p>
  1707. <p>It took a hit in areas that rely too heavily on QuickBooks to function. There’s no true general ledger or native accounts payable module — those tasks are pushed into QuickBooks, which limits RentRedi’s independence as a standalone accounting software for property management. Still, for users already in the QuickBooks ecosystem, this is one of the few platforms that connects well without excessive configuration. That integration efficiency gives it an edge over others on this list.</p>
  1708. <h3>Pros and cons</h3>
  1709. <table id="tablepress-4565-no-2" class="tablepress tablepress-id-4565">
  1710. <thead>
  1711. <tr class="row-1">
  1712. <th class="column-1"><center>Pros</center></th>
  1713. <th class="column-2"><center>Cons</center></th>
  1714. </tr>
  1715. </thead>
  1716. <tbody class="row-striping row-hover">
  1717. <tr class="row-2">
  1718. <td class="column-1">Is designed specifically for landlords and property managers</td>
  1719. <td class="column-2">Lacks a free trial</td>
  1720. </tr>
  1721. <tr class="row-3">
  1722. <td class="column-1">Provides a user-friendly mobile app.</td>
  1723. <td class="column-2">Charges transaction fees that apply to tenant payments</td>
  1724. </tr>
  1725. <tr class="row-4">
  1726. <td class="column-1">Includes a centralized platform for tenant communication and document storage, enhancing accessibility and organization</td>
  1727. <td class="column-2">May not provide the comprehensive accounting functionalities found in dedicated accounting software</td>
  1728. </tr>
  1729. </tbody>
  1730. </table>
  1731. <p><strong></p>
  1732. <div class="listicle listicle-item" id="tenantcloud-best-for-residential-property-management">
  1733. <h2>TenantCloud: Best for residential property management</h2>
  1734. <figure id="attachment_4302719" aria-describedby="caption-attachment-4302719" style="width: 225px" class="wp-caption alignright"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-4302719" src="https://assets.techrepublic.com/uploads/2025/04/TenantCloud.png" alt="TenantCloud logo" width="225" height="225" srcset="https://assets.techrepublic.com/uploads/2025/04/TenantCloud.png 225w, https://assets.techrepublic.com/uploads/2025/04/TenantCloud-50x50.png 50w" sizes="auto, (max-width: 225px) 100vw, 225px"/><figcaption id="caption-attachment-4302719" class="wp-caption-text">Image: TenantCloud</figcaption></figure>
  1735. <p><strong>My rating: 3.9 out of 5 points</strong></p>
  1736. <p>TenantCloud is built for residential landlords needing an easy-to-use and affordable all-in-one solution. It covers the essentials — such as tenant screening, lease management, online rent collection, and maintenance requests — without requiring extra add-ons or integrations.</p>
  1737. <p>For anyone managing apartments, single-family homes, or small multifamily units, it delivers exactly what you need out of the box. That’s why I see it as a standout option among the best accounting software for property management, especially when residential workflows are the priority.</p>
  1738. <p>If you find yourself needing more advanced accounting, more granular reporting, or automated owner distributions, Buildium is the next step. It’s built for landlords with larger portfolios who need greater depth in both financial tracking and property operations.</p>
  1739. <h3>Pricing</h3>
  1740. <p>TenantCloud is custom-priced. Contact sales for details.</p>
  1741. </p></div>
  1742. <p> </strong></p>
  1743. <h3>My evaluation</h3>
  1744. <p>I gave TenantCloud solid marks for offering property management features that work well for residential landlords. It covers tenant screening, lease management, rent collection, and maintenance tracking in one platform, making it a practical choice for managing day-to-day tasks. It also includes a tenant portal with auto-pay options, which adds convenience on both ends. The interface is easy to navigate, and the setup process is smooth, which helped it score well in ease of use.</p>
  1745. <p>However, I had to dock points on the accounting side. While it supports basic tracking and reporting, it lacks a true general ledger and doesn’t handle things like detailed bank reconciliation or automated mortgage accounting. It also doesn’t integrate deeply with QuickBooks or offer occupancy tax compliance, limiting its utility for more complex portfolios. Still, it does a lot right for the price and remains reliable for landlords with small portfolios or DIY managers.</p>
  1746. <h3>Pros and cons</h3>
  1747. <table id="tablepress-4566-no-2" class="tablepress tablepress-id-4566">
  1748. <thead>
  1749. <tr class="row-1">
  1750. <th class="column-1"><center>Pros</center></th>
  1751. <th class="column-2"><center>Cons</center></th>
  1752. </tr>
  1753. </thead>
  1754. <tbody class="row-striping row-hover">
  1755. <tr class="row-2">
  1756. <td class="column-1">Offers a full suite of tools tailored for residential property management</td>
  1757. <td class="column-2">Lacks a full general ledger and robust accounting capabilities</td>
  1758. </tr>
  1759. <tr class="row-3">
  1760. <td class="column-1">Includes built-in tenant screening, online rent collection, and lease tracking</td>
  1761. <td class="column-2">Lacks deep integration with QuickBooks for advanced financial management</td>
  1762. </tr>
  1763. <tr class="row-4">
  1764. <td class="column-1">Provides a customizable tenant portal with maintenance request features</td>
  1765. <td class="column-2">Does not support occupancy tax tracking or compliance</td>
  1766. </tr>
  1767. <tr class="row-5">
  1768. <td class="column-1">Supports online listings with syndication to major rental platforms</td>
  1769. <td class="column-2">Offers limited automation for owner distributions and reporting</td>
  1770. </tr>
  1771. <tr class="row-6">
  1772. <td class="column-1">Has a user-friendly interface with smooth setup and navigation</td>
  1773. <td class="column-2">Is better suited for small to midsize portfolios; may not scale well for larger operations</td>
  1774. </tr>
  1775. </tbody>
  1776. </table>
  1777. <h2><span class="ez-toc-section" id="My_methodology"/>My methodology<span class="ez-toc-section-end"/></h2>
  1778. <p>To evaluate the best accounting software for property management, I used a weighted rubric based on five key categories.</p>
  1779. <ul>
  1780. <li><strong>Pricing</strong> accounted for 10% of the total score. I assigned subjective ratings based on affordability, transparency, and whether the price included key features or charged extra for essentials. Custom-priced solutions were penalized due to the lack of upfront cost clarity.</li>
  1781. <li><strong>Accounting features </strong>carried the most weight at 40%. This category assessed general ledger capability, bank reconciliation, accounts payable and receivable, financial statements, chart of accounts customization, and occupancy tax compliance. Points were awarded based on automation, depth, and how well each tool supports rental-specific workflows.</li>
  1782. <li><strong>Property management tools</strong> made up 20% of the score. I evaluated core features such as tenant portals, lease management, maintenance tracking, vacancy listing tools, and owner reporting. Special consideration was given to how well these tools support residential and commercial operations.</li>
  1783. <li><strong>Ease of use and support</strong> represented another 20%. I rated user experience based on setup time, dashboard design, availability of customer support, and access to onboarding or accounting guidance.</li>
  1784. <li><strong>User reviews </strong>comprised the final 10%, pulling from third-party platforms to reflect actual user satisfaction with performance, reliability, and customer service.</li>
  1785. </ul>
  1786. <h2><span class="ez-toc-section" id="How_to_choose_the_best_property_management_accounting_software"/>How to choose the best property management accounting software<span class="ez-toc-section-end"/></h2>
  1787. <p>Look at your existing processes and workflows to ensure that the tool you pick can blend well with your system. Here is my advice.</p>
  1788. <ul>
  1789. <li><strong>Start with your operational pain points.</strong> Don’t shop by feature list alone. Identify where your current workflow breaks down — whether it’s collecting rent, reconciling finances, or managing maintenance — and focus on software that solves those problems first.</li>
  1790. <li><strong>Know your property type and what it demands.</strong> Residential and commercial properties operate very differently. Residential landlords need streamlined tenant communication, lease automation, and payment reminders. Commercial property owners should prioritize CAM reconciliation, escalations, and support for layered ownership structures.</li>
  1791. <li><strong>Look for accounting software that’s built for property management.</strong> True property-centric accounting means your books reflect unit-level performance, not just lumped-together totals. Prioritize systems that automatically track income and expenses by property, split mortgage payments accurately, and are IRS-ready (e.g., Schedule E reporting).</li>
  1792. <li><strong>Don’t settle for “integrates with QuickBooks” — dig deeper.</strong> Some platforms just export CSV files, and the better ones offer two-way, real-time syncing with QuickBooks Online. If QuickBooks is the financial backbone of your business, a weak integration will cost you more in manual fixes than it’s worth.</li>
  1793. </ul>
  1794. <h2><span class="ez-toc-section" id="Frequently_asked_questions_FAQs"/>Frequently asked questions (FAQs)<span class="ez-toc-section-end"/></h2>
  1795. <h3>Is QuickBooks good for property management?</h3>
  1796. <p>QuickBooks can be good for property management, but it’s not designed for it out of the box. To make it work, you’ll need to customize your chart of accounts, track each property separately, and possibly use classes or locations for clarity. Integrating QuickBooks with property management accounting software like STRATAFOLIO or RentRedi can bridge the gap, giving you strong financial tools while handling the operational side with a dedicated platform.</p>
  1797. <h3>What is the best accounting method for rental property?</h3>
  1798. <p>The best accounting method for most rental property owners is the cash basis method, especially for small</p>
  1799. <p>to midsize portfolios. It is simpler, tracks actual cash inflows and outflows, and aligns with how income is taxed on IRS Schedule E. Large commercial operators or those with more complex ownership structures might benefit from accrual accounting to better match revenue and expenses over time.</p>
  1800. <h3>How to do accounting for property management?</h3>
  1801. <p>Start by organizing your books on a property-by-property basis. Track income (e.g., rent and fees), expenses (e.g., repairs and utilities), and liabilities (e.g., security deposits and mortgages) separately for each property or unit. Use software that supports rental-specific transactions, generates financial statements, and syncs with your bank accounts for a clean reconciliation.</p>
  1802. </p></div>
  1803. <p><br />
  1804. <br /><a href="https://www.techrepublic.com/article/best-accounting-software-for-property-management/">Source link </a></p>
  1805. <p>The post <a href="https://ctplapps.in/5-best-accounting-software-for-property-management-in-2025/">5 Best Accounting Software for Property Management in 2025</a> appeared first on <a href="https://ctplapps.in"></a>.</p>
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