Small Business Book Keeping Software

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I know of only one business owner who doesn't use a small business book keeping software. He keeps meticulous records by hand, and when I confronted him with a better solution, he tells me he doesn't need it because he's been doing his records this way for 30 years. Good for him. For most of us without that type of experience though, we need something more robust. Fortunately for business owners, software developers have created full-featured and inexpensive small business accounting software that you can learn within a few hours. Of course you can keep your records with a sturdy notebook, but I recommend using small business accounting software to keep track of your finances so you can concentrate on your core business. This has an indirect benefit also: by automating your financial information now, you'll reduce your accounting expenses later. You'll also eliminate the headaches of learning to do accounting by hand, causing you to drastically improve your accounting knowledge. A basic small business book keeping software lets you track your cash, credit, and bank accounts; invoice customers and track payments; pay bills and track expenses; and create a budget. Most importantly, it provides you with financial reports and graphs to help you improve your small business. The most well-known small business book keeping software that you will come across includes Quickbooks, Peachtree Accounting, and Microsoft's Money Small Business.

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Posted on February 18

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