I use Quickbooks Simple Start. We have sales tax so this also helps me do my quarterly tax report.
It is inexpensive compared to the full blown version of Quickbooks and it is really easy to set up and use.
Hope this helps
sherry

Sherry:
I use Quickbooks Simple Start. We have sales tax so this also helps me do my quarterly tax report.
It is inexpensive compared to the full blown version of Quickbooks and it is really easy to set up and use.
Hope this helps
sherry :)
Hmmm, Quickbooks Simple Start? I don't think I've heard of it. I'll check it out. Thanks Sherry

I like using Quicken HB because it allows me to us my personal accounts which I have to use to sometimes pay my vendors.

Sherry, How do you categorize payments for stuff like software upgrades? Do you itemize prints on your invoices? If you charge a creation or sitting fee do you categorize the fee as payments to a vendor as a subcontractor?

I could do with an accounting class.

I got mine at Sams Club but I am sure you could get it anywhere.

I do itemize everything on the invoice - I have set it up beforehand so that the prices come through and it is set up as a a taxable item.

There is a place where you can enter your expenses. My new year's resolution is to be better about this I told myself I have to enter all my expenses by the end of each month! That way I am not scrambling to find all my receipts, etc.. at the end of the year. (kind of like right now :o )

The fees that you charge would be income not expenses. So I guess I don't understand that last question.

There is so much these programs will do - I just have to be better about doing it! Not on my high priority list - unfortunately!

Sherry

Quickbooks is, by far, the best solution to running your business like a business.

Some time ago, pre-quickbooks, I used Quicken and Quick Invoice, and you had to port your data back and forth. Then came Quickbooks, and you could convert your Quicken backing records into Quickbooks, and I never looked back.

I run all my banking for the business through Quickbooks, generate reports, and so on. When it comes to tax time, I send a copy of my Quickbooks data to my accountant, and, voila! My taxes get done much cheaper than if I gave him a box of receipts, and I get the data file back from him, because HE TOO uses Quickbooks -- the Accountants version.

Good luck!

John

John,

Thanks for the feedback.
What I really need to also understand is how to categorize purchases and money spent for the business. For example, when I buy new or upgrade software used specifically for the business what category do use and does it matter if the category is attached to capital expenses or can the purchase be considered cost of goods. If I am correct capital expenses are not directly deductable but are depreciated and cost of goods are deducted yearly.

Best Regards,
George

JohnHarrington:
Quickbooks is, by far, the best solution to running your business like a business.

Some time ago, pre-quickbooks, I used Quicken and Quick Invoice, and you had to port your data back and forth. Then came Quickbooks, and you could convert your Quicken backing records into Quickbooks, and I never looked back.

I run all my banking for the business through Quickbooks, generate reports, and so on. When it comes to tax time, I send a copy of my Quickbooks data to my accountant, and, voila! My taxes get done much cheaper than if I gave him a box of receipts, and I get the data file back from him, because HE TOO uses Quickbooks -- the Accountants version.

Good luck!

John