Accounting Software for your Embroidery Business
Ben Ficus
I am still working on my plan for starting up my own embroidery
business. One thing I forgot about is the accounting software to use
to track the mega bucks I'll make :)
Is anyone using a product for tracking $$$? If so, could you let me
know pros/cons of the software you are using?
I need software that will take care of:
-Payroll (I plan to pay myself and keep it separate)
-Cost of Materials and Prozac :)
-Keeping track of who owes me how much and who I pay (Accounts
payable/receivables)
-Invoice capability
-Statement capability and ability to customize (I want the PO number
to show up on the statement listing the invoices, a couple of
potential customers require this)
-Reports
-Track of sales tax
-Track of business expenses (maybe I can go to an expo...???)
-Something that will make tax time easy
I've looked at Microsoft Small Business, Simply Accounting, and
Quickbooks (expensive!) but wondering if any of you folks use these or
another product.
Any opinions, suggestions, and/or comments greatly appreciated!
Thanks in advance, and have a great weekend!
Sandy in Wisconsin
and very user friendly. I used it for a daycare. I did payroll, taxes and
maintained accounts for 85 families.
HTH
Sassy
"Ben Ficus" <benf...@hotmail.com> wrote in message
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Peggy
I have to say that after pulling my hair out over accounting software, I
have gone back to the good old manual method! Nothing can beat the clarity
of a good old pencil and ledger book. When you make accounting mistakes on
the computer it is SO HARD to find the source. You can spend hours going
blind in front of your monitor, trying to find this invisble error. With
manual accounting, everything is before your very eyes! In the process of
assisting some small businesses with straightening out their books or doing
their income tax, I have found that entrepreneurs who started out using
computer accounting software had much less understanding of the actual
concepts of what they were doing. I learned all my business accounting from
an expert who wholeheartedly believed in manual accounting being the best
approach, especially if you are audited in the future.
I use a separate software package for my invoicing and client database,
which also produces my shipping labels (I do most of my business online).
If you really want accounting software, I would suggest downloading trial
versions of a few different softwares before making your decision. Most of
the makers of the software packages you listed have 30-day trial versions.
It's best to see what you're most comfortable with before you shell out big
bucks.
I hope my tidbits of advice are helpful.
Peggy
"Ben Ficus" <benf...@hotmail.com> wrote in message
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Dean
I'd recommend Quickbooks Pro. It will do everything you need it to do and then
some. IMHO one of its main advantages is all of the CPA's and book keepers use
it for their small clients. If you ever need help with your books there are a
lot of accountants out there that use it.
Unless you have an accounting back ground I would suggest a CPA help you setup
your chart of accounts. Once that is done it is pretty easy to keep up with
accounts payable/recievable, invoicing, depreciation, etc and so on. And when
tax time comes you can import your data right into most popular tax packages.
Good Luck!
Dean
http://www.monogramsinc.com
Becky
I am starting a small home business as well and would love some direction on that. Thank you!
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