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OT- Accounting Software Questions (12 replies)
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I you were a complete moron when it came to accounting, dyslexic with numbers to begin with, not the brightest light on Technology Street, and you had a small, home-based hobby business that didn't handle enough money to warrant a separate checking account, and you were trying to do a couple 3 years of books, keep records for tax purposes, would Quicken Home & Business be a good choice?
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| Yes even though I would not recomend. But for small business it is the leas expensive. Microsoft had a good small business accounting software, but they went bust, so the only option from them now is Great Plains, which you don't need or most likely would be able to afford (its target are corporations). Quick books, are preffered by most, or Peach tree. I would use quick books over Quicken. |
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| Let me know if you need any other info. There are some freeware as well, but you would have to be little bit knowledgeable with regards to using them, as there is no support (that's why it's free, open source it's a good way to save money). |
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| Microsoft office do a free download called Microsoft Accounting 2008 which is fairly simple to use. It ties into the other packages for invoices etc. |
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| Microsoft office discontinued this softwar as of the end of this year. |
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| If you going with accounting software you always should go with the one that been around for a while, more resources avaliable, as well it won't go bust tomorrow like Microsoft did with their Accounting software. Marging is a pain, if you decide you need more later on. |
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| Quickbooks would be your best option. simple |
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Quickbooks is excellent. I use it for my business. You can do payroll with it. You can do taxes with it etc., etc.
Sounds like it may be more than you need though Shelley. It's not cheap, but it's great for a business.
Good luck! |
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| What ever you decide to use Shelley, make sure you "Back Up Your Data". If the computer crashes and it's not backed up you just lost years of data. |
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Shelley, I trust that you are doing well. I have used MSExcel for many years as it is highly adaptable to custom programming; be it for financial purposes or engineering purposes. It is already part of the MSOffice suite that is installed on so many PCs, so there is nothing to purchase. One has to determine the layout of the spreadsheet and write all of the formulas of course, but for simple accounting it is a snap. Plus, it can be exported into other software programmes and can import from many others.
There are many free MSExcel spreadsheets on the web that can be downloaded and used as-is, or modified to suit one's purpose. My only personal caveat regarding MSExcel is how it interprets the function of "Pi", as it is limited to about one-hundred-fifty (150) decimal places. Of course, I am usually just making a stress analysis and not flying to Jupiter, so a mere twelve (12) decimal places is usually fine!
Best Regards,
Bob-O
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Hi Shelley;
I would strongly reccomend quick books or peachtree. Both are very simple to use and are very adaptable to most businesses. As an accounting major most colleges require us to learn quickbooks as part of our degree plan. It is very user friendly and has excellent tech support as well. It also has many check points to help catch errors. MS excel is a good program but only if you know how to set up the spreadsheets and use the formulas. Quickbooks will handle just about any situation that you may come across. It is also transferrable to most tax prep services. It is very compatible as well. I received an ad recently and it can be picked up for about $100-$150 depending on what level you purchase. From what you have stated you need I would recommend the basic program without all of the frills. If you find you need more advanced features you can always upgrade.
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I am too much of a moron to design a decent Exel spreadsheet for a home & hobby biz, let alone make it do anything of value, in less time than it would take to do it with a pencil. Maybe I just try to free 60 days version of Quicken to see if I can make it do anything. Am I correct in understanding that the data entered into that program can be transferred to wither Quickbooks or a more advanced version of Quicken later?
Thanks pals.
SS
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Hi Shelley;
As far as I know you should be able to transfer the information from quicken to quick books. I would advise you to verify that all information transferred correctly once you transfer it. Sometimes, things get lost or placed into the wrong spot during a transfer. This is rare but it does occur. Always remember to back up any work completed. A flash drive should be sufficient as each time you back it up you don't need the prior back up as the new one will have all the old stuff in it.
Feel free to contact me any time you need some help or just have general accounting/business questions and I will do my best to assist you. I can also set up any needed spread sheets you might need for excell or microsoft works depending on the program you have on your system currently. Once they are set up all you will need to do is data entry.
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