So, you’ve decided to take the plunge and start your business in the U.S., but figuring out all the legal and accounting requirements seems daunting. Never fear, Yondaa has you covered. They make establishing your company and staying on top of the books easy.
By partnering with Xero, Yondaa offers you an all-in-one solution to hit the ground running. With their incorporation services, you can quickly set up your LLC, C-Corp or nonprofit. And their registered agent services ensure you meet compliance in all 50 states.
Form Your U.S. Company Quickly with Yondaa
If you want to start a business in the U.S., Yondaa makes the process simple. They handle all the paperwork to form your corporation, LLC or nonprofit in any state. Yondaa also provides a registered agent to act as your company’s point of contact.
Once your entity is created, Yondaa helps you open a U.S. business bank account so you can operate from anywhere in the world. They offer virtual office services like a business address, mail forwarding, and phone services.
To begin, choose your desired entity on Yondaa’s website. Provide some basic details about your company and pay the filing fee. Yondaa will file the necessary documents with the state.
Next, Yondaa will help you obtain an EIN from the IRS and open a business bank account. They offer accounts with major banks that allow non-residents.
Finally, you’ll have access to Yondaa’s virtual office services. Your U.S. company will be ready to launch!
Once your business is established in the U.S., you’ll want to keep good records. That’s where Xero comes in. Xero is accounting software that connects your bank accounts, invoices, bills, and payments in one place. It provides an easy-to-use dashboard to track income, expenses, accounts payable and receivable, and tax obligations.
Xero integrates with Yondaa so you can get set up quickly. This powerful yet intuitive tool gives you insight into your company’s financial health from anywhere in the world. Focus on growing your U.S. business while Xero handles the books. It’s the perfect solution for entrepreneurs on the go.
Open Your U.S. Business Bank Account
Now that you’ve formed your U.S. company with Yondaa, it’s time to open your business bank account. This crucial step will allow you to operate legally and access financing.
To open your account, you’ll need to submit certain documents like your company formation records, business licenses or permits, and personal ID. Yondaa can help you obtain and verify all the necessary paperwork to make the application process smooth.
Fund Your Account and Start Using Xero
Once your account is open, fund it so you can start using Xero for your bookkeeping and accounting needs. Xero integrates directly with many major U.S. banks, allowing automatic syncing of your transactions, balances, and statements. This makes managing your finances across borders incredibly simple.
With your new U.S. business bank account and Xero at your disposal, you’ll have everything you need to operate successfully in America from anywhere in the world. Yondaa and Xero take the hassle out of running a global company so you can focus on growing your business.
Access U.S. Investors and Financing
Starting a business in the U.S. from abroad opens you up to new funding opportunities. Partnering with Xero accounting software gives you credibility and organization to attract investors.
Access U.S. Financing
As a foreign business owner, securing funding in the U.S. allows you to tap into the world’s largest economy. Xero integrates with American lending platforms like Lendio, allowing you to apply for small business loans, lines of credit, merchant cash advances, and SBA loans. By giving lenders real-time access to your financial data, Xero establishes your creditworthiness and improves your chances of approval.
Once your business is set up and gaining traction, you can consider equity financing from U.S. investors. Angel investors and venture capital firms actively seek innovative startups, and they expect professionally maintained financial records. Xero provides comprehensive, auditable accounting reports to demonstrate your company’s financial health and growth potential.
Stay Organized
As your U.S. company expands, Xero handles your bookkeeping and financial management. It records income and expenses, tracks accounts payable and receivable, and reconciles bank transactions. Xero generates financial statements, tax reports and invoices on demand.
Xero’s cloud-based software is accessible anywhere with an Internet connection. Multiple users can log in simultaneously to enter bills, create sales quotes or run reports. Xero saves time by automating tasks like recurring invoices, payment reminders and transaction matching.
Scale with Ease
Xero grows with your business, handling more complex needs as you scale. It integrates with over 700 add-on solutions for payroll, CRM, ecommerce, and more. Xero advisors provide implementation, training and support to ensure you get the most from the software.
Let Xero take the hassle out of your accounting so you can focus on strategic growth. Its innovative features and ecosystem of integrations provide the financial control and insight to accelerate your U.S. company’s success.
Keep Your Books Organized With Xero
Now that you’ve set up your U.S. company and bank account with Yondaa, it’s time to get organized. Keep Your Books in Order with Xero
As an entrepreneur, you have enough to worry about without struggling to keep tabs on income, expenses, invoices, and taxes. That’s where Xero comes in. Xero is an online accounting software that handles all your bookkeeping and financial reporting so you can focus on running your business.
Xero connects directly to your business bank accounts and credit cards, automatically importing your transactions and reconciling your accounts. You’ll always have an up-to-date cash flow statement and balance sheet at your fingertips. Xero also makes it easy to send professional invoices to clients, track who has paid and who owes you money. When tax time comes around, Xero generates financial reports that are IRS-approved and accountant-ready.
With Xero, you can invite your accountant or bookkeeper to access your data anytime. They can log in remotely to check on your accounts, answer questions, and ensure your books are accurate and compliant. Xero also integrates with over 700 business apps, like payment processors, payroll tools, and expense trackers. These integrations automatically sync data between systems so you have a single source of truth for all your financial information.
As a business owner, you deserve software that simplifies your financial life rather than complicating it. Xero is affordable, intuitive, and trusted by over 2 million subscribers worldwide. When you partner Xero with Yondaa’s company formation and banking services, you have a complete solution for getting your U.S. business off the ground and keeping it organized for growth and success. Focus on building your company, and let Xero handle the books.
Integrate Xero With Your New U.S. Business Bank Account
Now that you’ve set up your U.S. LLC or corporation with Yondaa and opened a business bank account, it’s time to get organized. Yondaa partners with Xero, an acclaimed small business accounting software, to help keep your books in order. Integrating Xero with your new bank account is quick and easy.
Xero offers an intuitive, user-friendly platform to efficiently manage income, expenses, invoices, bills, and more. It automatically imports and categorizes your business bank transactions, saving you hours of manual data entry. You’ll have real-time visibility into your cash flow so you can make strategic decisions and spot any discrepancies right away.
To connect Xero to your bank account:
Log in to Xero and go to Settings > Bank Accounts.
Select ‘Add a bank account’ and choose your bank from the list. If it’s not listed, you can add it manually.
Enter your bank account number and login credentials. Xero uses bank-level security and encryption to keep your information private.
Review and approve the connection. This typically takes just a few business days for the link to become active.
Once connected, Xero will automatically import 90-95% of your transactions. You may need to manually categorize some transactions or split them between expense accounts. Xero’s built-in rules and machine learning get smarter over time to improve accuracy.
With Xero handling your accounting, you can focus on growing your U.S. business. Their full suite of features like invoicing, bill payments, payroll, and tax compliance ensure you have a sound financial foundation for success. Yondaa provides discounted Xero subscriptions to make high-quality accounting software accessible for startups and small companies.
Starting a business in a foreign country has enough challenges without worrying about finances and administration. Together, Yondaa and Xero make the accounting aspect practically effortless so you can get down to business. Sound financial practices are key to entrepreneurial prosperity, and this powerful partnership paves the way.
Conclusion
So there you have it. With Yondaa handling all the legal paperwork and compliance to get your U.S. business up and running, and Xero organizing your books, you can focus on growing your company. No more worrying about staying on top of accounting rules that differ from what you’re used to.
Xero has you covered with its user-friendly interface and automation features. You’ll have the insights you need to make smart business decisions in a flash. Starting a company in the U.S. is challenging enough, so let Yondaa and Xero make the accounting and compliance parts easy. Now the only thing left for you to do is build your American dream.
