Thanks to Mom on Dealz for sharing her series, Ask an Accountant! Sharon is married to an experienced accountant. Although tax season is over, tax questions arise year round.
What type of accounting software is the best when setting up my small business?
The most widespread software for accounting is Quickbooks. I personally recommend the online version. There are several different options for the online version, so what version you need will vary depending on the business and it’s structure. It will allow you to track income, expenses, fixed assets, liabilities, loans, write checks, and payroll is available in some versions.
Right now Amazon has a sale going on with QuickBooks Online Simple Start where you can score this program for only $40-a 69% savings. This program is fine but please keep in mind with this version there is no support and accountants will not be able to access it on their own. If you would like the current version with more options and support, you will need to visit Intuit online here where they are offering a free trial.
*Please keep in mind this post is for informational purposes only and answers given are very general. Many things depend on individual circumstances. Please contact your personal accountant or financial advisor for your particular situation.