Overview of Common Bookkeeping Systems
What is your current bookkeeping system? or maybe you haven’t implemented one yet? Depending on your business needs, a spreadsheet may do the job just fine or you may want to invest in software. Or maybe it is just too much of a hassle and you want to invest in a bookkeeper. Whatever you do, the important thing is to use a system that works for you.
I have some suggestions for applications that can help you with your bookkeeping. I prefer software that is actually cloudware.
Microsoft Spreadsheet or Google Sheets
Easily accessible and available if you already have a computer or app or a google account.
Wave Accounting https://www.waveapps.com/
People love this because it is a convenient, easy to use app. And it starts out as free! I have not personally used WAVE but it looks like a good option for the basics.
Freshbooks https://www.freshbooks.com/
Free trial, mainly used for invoicing and expenses. Easy to use app for on the go. Not actual accounting software but still gives you some reporting of your business health.
Xero Accounting Software https://www.xero.com/us/
Xero is beautiful cloud based accounting software. You’ve got bank feeds, invoices, payroll, inventory, bank reconciliation, multiple customizable reports etc. It also has the ability to connect with millions of add on apps. Free trial. Currently 30% off. . Use promo code XERO30NOW
Quickbooks Online https://quickbooks.intuit.com
Perhaps the most well known software, tried and true QBO. I prefer XERO myself but use QBO too. They have lots of different package and pricing options to fit your needs. QBO has a sale, $5 for first 6 months for their Self Employed business version! https://quickbooks.intuit.com/pricing/
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