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cdsites17
Forums Member
Joined: 22 Oct 2009
Posts: 22
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#1 · Posted: 29 Oct 2009 10:14
Hello all. I recently started keeping my accounting straight in an excel spreadsheet. I know that you can use Quickbooks for this as well. My question is do I really need to go out and spend the 90 bucks for this program? Are there major benefits to using Quickbooks and if so what are they?
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Jim Gillum
Forums Member
Joined: 19 Nov 2009
Posts: 37
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#2 · Posted: 3 Dec 2009 23:13
If you know proper methods for your business accounting, you can keep your records in a paper note book.
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JoelCowen
Forums Member
Joined: 15 Nov 2009
Posts: 48
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#3 · Posted: 9 Dec 2009 10:34
Quickbooks is for a traditional business, I would recommend Quicken to start with than upgrade to Quickbooks. Hope this helps.
To your freedom and success,
Joel
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getagrip
Joined: 20 Feb 2006
Posts: 1985
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#4 · Posted: 9 Dec 2009 11:05
I don't really know anything about the program you mentioned, but one place to look for accounting software is Download.com - they give out a lot of free trial software programs, so you can give them a test drive before you decide to buy them.
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hopeful4u
Forums Member
Joined: 4 Feb 2010
Posts: 2
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#5 · Posted: 12 Feb 2010 09:15
cdsites17
Advantages:Quickbooks(and upgrades) can do everything from invoices to payroll (subscription).Properly set up it will run your accounting needs for the years start to exporting to tax returns for years end.
Disadvanages:The set up interview is very long,switching over mid quarter is difficult and making adjustments is to easy:You can throw your balance sheet into lala land trying to make something else match.It works best when you are using all your features inside quickbooks.Do you need them employees,outside contractors
customer discounts pay sales tax etc.
Excell spreadsheet also exports to most tax software.
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VictoriaNTC
Joined: 12 Mar 2008
Posts: 704
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#6 · Posted: 12 Feb 2010 16:48 · Edited by: VictoriaNTC
I am having a nightmare with QuickBooks.
Every year just at tax time, I either need to buy an upgraded version
(to be compatible with eBay Accounting Assistant)
or purchase a support package,
expensive file repair,
or lose my data.
This is the third year this has happened.
The rest of the time I am without incident.
Normally, I am a very positive person but truly feel this is a marketing thing.
It certainly has crossed my mind!
I would just track money in, money out, in categories of course.
Victoria
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anthonysudbury
Forums Member
Joined: 28 Feb 2010
Posts: 2
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#7 · Posted: 28 Feb 2010 15:29
I have worked in the accountancy sector for over 10 years and now run my own practice in the UK.
QuickBooks is definately what I recommend my clients as long as you keep to the absolute basics - they keep track of bank accounts, sales & debtors, expenses, etc.
And use a bookkeeper or accountant to do the quarterly/year end adjustments.
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Anthony Sudbury
http://www.anthonysudburyreview.com
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