Author Topic: Bookkeeping and invoicing recommendations  (Read 516 times)

MEJG

  • Bristles
  • ***
  • Posts: 273
  • Location: Northeast US
Bookkeeping and invoicing recommendations
« on: January 17, 2018, 08:27:45 AM »
I'm starting a service based business 2nd quarter 2018.  I have never done any book keeping prior so simplicity or at least excellent instructions and customer care is a must.

I'll need to invoice multiple (at least 20+) clients per year.  I will need both digital and physical invoicing.
I do not need CC payments, checks or direct deposit only.
I do not need a program or service that helps with sales or marketing.
I need to track business expenses (will have dedicated business bank accounts and a CC).
I need to be able to share info with my accountant for quarterly taxes and year end.
I'd prefer one time purchase OR obviously very low fee.

Recommendations? I've read a little bit about Wave, I've also played with the idea of quickbooks and then just making my own invoice template on word.

katsiki

  • Pencil Stache
  • ****
  • Posts: 877
  • Age: 37
  • Location: Louisiana
Re: Bookkeeping and invoicing recommendations
« Reply #1 on: January 17, 2018, 08:29:13 AM »
If you like your accountant, I would see if he or she has a preference.

Failing that, Quickbooks would probably work.  It is somewhat annoying but easy to use.  You may need to upgrade every 3 years to keep certain services active (ie pulling data from your bank, etc).
"There are two ways to get enough. One is to continue to accumulate more and more. The other is to desire less." - G.K. Chesterton

BigHaus89

  • Stubble
  • **
  • Posts: 204
  • Age: 29
  • Location: NW
  • Ride the Spiral to the End
Re: Bookkeeping and invoicing recommendations
« Reply #2 on: January 17, 2018, 10:29:27 AM »
We use Quickbooks. It is effective and we use it similarly to the stuff you need.

CareCPA

  • Bristles
  • ***
  • Posts: 278
  • Location: Northcentral PA
Re: Bookkeeping and invoicing recommendations
« Reply #3 on: January 17, 2018, 10:49:49 AM »
QBO and Xero are always recommended. Wave is free (but I have no experience with it so cannot recommend for or against).

Are you sure you're doing enough volume to learn a software? Maybe you could get away with Excel templates for invoices, and an Excel sheet for financials...
Always happy to help with tax or accounting questions - feel free to private message me.

I am a licensed CPA in Pennsylvania. However, any tax advice I give should be considered general information and not used in the avoidance of tax. There is most likely information about your situation that I do not know, and thus you should do your own additional research.

MEJG

  • Bristles
  • ***
  • Posts: 273
  • Location: Northeast US
Re: Bookkeeping and invoicing recommendations
« Reply #4 on: January 17, 2018, 11:01:39 AM »
QBO and Xero are always recommended. Wave is free (but I have no experience with it so cannot recommend for or against).

Are you sure you're doing enough volume to learn a software? Maybe you could get away with Excel templates for invoices, and an Excel sheet for financials...

My accountant says he likes quickbooks. Iíll probaly send some time wading through brought the different versions.

No Iím not sure that my volume will warrant real software but I am the type of person that prefers to set things up fully before starting so I doing my investigating now.