Author Topic: Bookkeeping software  (Read 563 times)

Cwadda

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Bookkeeping software
« on: August 11, 2017, 10:01:52 AM »
Hi there,

I'm looking into getting a reliable bookkeeping software that's easily on my budget. I need it for my rental properties as well as my Amazon business. Both of these businesses are quite small but I am working on scaling them up and it's time to invest some money into saving time and being more organized. Also, with metrics. I've been using Excel.

The two programs I've been looking at are Quickbooks and Godaddy Online Bookkeeping. Quickbooks is a classic choice, for a flat fee. Godaddy I've heard good things about and isn't outrageously expensive ($10 a month).

Thanks!
Cwadda

Spork

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Re: Bookkeeping software
« Reply #1 on: August 11, 2017, 10:14:30 AM »
My standard advice is: try gnucash.  The price is right.  It's free.  If you don't like it, you have only lost time.

It may or may not do all you want it to.  It is designed to adhere to generally accepted accounting principles and uses Assets/Liabilities/Income/Expense instead of "categories" that might be anything.  There are templates for businesses (accounts payable, accounts receivable, etc) that I don't use (because I am not a business) and cannot comment on.

I don't use it for automated banking because I don't like that sort of automation.  In the old days (I've been using it 20 years or more) it did not do any of this.  I understand *some* amount of automation has been added, but I have not tried it.

I don't use much of their reporting, but have implemented my own.  Data is stored in a standard XML file (or optionally in mysql database) and is easily parseable if you do any sort of programming.
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Papa bear

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Re: Bookkeeping software
« Reply #2 on: August 11, 2017, 10:21:14 AM »
Quickbooks.  Good double entry accounting system, user friendly, easy to integrate with MS products, accountants use it and know it so it should be easier for taxes.


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Cwadda

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Re: Bookkeeping software
« Reply #3 on: August 11, 2017, 10:47:19 AM »
My standard advice is: try gnucash.  The price is right.  It's free.  If you don't like it, you have only lost time.

It may or may not do all you want it to.  It is designed to adhere to generally accepted accounting principles and uses Assets/Liabilities/Income/Expense instead of "categories" that might be anything.  There are templates for businesses (accounts payable, accounts receivable, etc) that I don't use (because I am not a business) and cannot comment on.

I don't use it for automated banking because I don't like that sort of automation.  In the old days (I've been using it 20 years or more) it did not do any of this.  I understand *some* amount of automation has been added, but I have not tried it.

I don't use much of their reporting, but have implemented my own.  Data is stored in a standard XML file (or optionally in mysql database) and is easily parseable if you do any sort of programming.
Thanks, I have never heard of it but will definitely look into it.

Quote
Quickbooks.  Good double entry accounting system, user friendly, easy to integrate with MS products, accountants use it and know it so it should be easier for taxes.
Quickbooks is about $190 for the desktop version. Is it worth it? Can you get it anywhere for less?
Also, I worry about it not being an online platform because I'd ideally like to have my Amazon inventory synced and automatically updated. That'd be perfect. Because I deal with lots of inventory, I don't want to have to input everything multiple times.

CareCPA

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Re: Bookkeeping software
« Reply #4 on: August 11, 2017, 11:46:50 AM »
You could also look at Xero. Similar to Quickbooks online, but more user-friendly in my opinion.
I have not found an easy solution to linking Amazon to QB or Xero. There are some third-party applications that do it, but get pricey. If you have one, I would be interested to hear it. We've been doing some manipulation with the Amazon flatfile to get the info we need.
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.

Yes, in case it confuses you, I did change my forum name.

Cwadda

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Re: Bookkeeping software
« Reply #5 on: August 11, 2017, 02:22:03 PM »
You could also look at Xero. Similar to Quickbooks online, but more user-friendly in my opinion.
I have not found an easy solution to linking Amazon to QB or Xero. There are some third-party applications that do it, but get pricey. If you have one, I would be interested to hear it. We've been doing some manipulation with the Amazon flatfile to get the info we need.

It looks like this GoDaddy online software can do it. I will need to read a few reviews first though, and maybe do a trial period.
https://www.godaddy.com/email/online-bookkeeping?isc=gooob011&cvosrc=ppc.google.+godaddy%20+online%20+bookkeeping&cvo_crid=166248193856&matchtype=b&advid=154805&mkwid=s87BYJIav_pcrid_166248193856_pkw_+godaddy%20+online%20+bookkeeping_pmt_b_pdv_c_&aud=brand&&gclid=Cj0KCQjwq7XMBRCDARIsAKVI5QZcdEDieYZLNVoCx4tpJKR_9vgdIllB5sdnLVqc_pLGz5vfwVLZ90MaAjYAEALw_wcB&mkwid=s87BYJIav_166248193856_+godaddy%20+online%20+bookkeeping_b_c&mtid=esfyia2vf0&slid=&product_id=
 

Cwadda

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Re: Bookkeeping software
« Reply #6 on: August 14, 2017, 09:54:26 AM »
Bumping for more replies

gimmi80

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Re: Bookkeeping software
« Reply #7 on: August 16, 2017, 08:56:17 AM »
I use waveapps.com it's free and works well (or at least I'm used to it).