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Book keeping?

Thread title: Book keeping?
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07-21-2010, 10:33 AM
#1
Garyrae is offline Garyrae
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  Old  Book keeping?

At the moment I keep everything on paper and it's a complete mess.
I've tried out FreshBooks and Free Agent too; neither have really done it for me.

So, who uses what methods for their books?

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07-21-2010, 01:25 PM
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Lowengard is offline Lowengard
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  Old

Garyrae

It's not that difficult to set up a system using templates that come or can be downloaded for whatever spreadsheet program you have, but the trick is...you have to be numerate. (There are lots of people who just aren't, the way there are lots of people who just don't like to read, or look at pictures. This is not a value judgment it's a cognitive assessment.)

Depending on the size of your business and your long-term plans, you might benefit from hiring a bookeeper, or at least hiring someone to set up a system for you.*

Even "pug and play" software programs and those which include a "quick start guide," will have a learning curve. And even the simplest setup won't work if it doesn't match the way you process financial data.

Cheers!

Sarah

*These are not services my business provides, by the way.

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07-29-2010, 07:13 AM
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  Old

I have the same problem Gary, everything's kept on paper atm. :S

www.marketcircle.com looks good though.

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07-29-2010, 08:28 AM
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  Old

Guys, Use Excel it's pretty powerful and not that difficult to learn. I have my cash flow set up in there and all I have to do is just make entries for the current months income and the rest gets done by itself. Profit sharing(I have a partner), inflow, outflow and everything

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07-29-2010, 11:51 AM
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  Old

Oh god... you don't want to know. It's horrible. What Dan pointed out looks nice though .

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07-29-2010, 07:15 PM
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Only shame is I'm not a mac user and I don't own an iPhone.

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07-29-2010, 07:36 PM
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I have two excel sheets, one for income and one for expenses. Both contain the basic record keeping data I need so that I can reference them at any time. I love excel because you can do practically anything with the data.

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07-29-2010, 07:36 PM
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  Old

Originally Posted by Dan View Post
Only shame is I'm not a mac user and I don't own an iPhone.
SHAME?

Try using Excel man =|

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07-30-2010, 04:36 PM
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  Old

Riddle me this too; especially you Dan, as like me I'd imagine you're working with 2 currencies, and Paypal's odd exchange rates.

How do you all go about documenting Paypal fees?

I'm getting 5 values to keep track of!
- Invoiced amount; USD
- Paypal fees
- Received sum
- Paypal fees in GBP
- Received sum in GBP

Losing my mind trying to work out how best to do things.

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08-22-2010, 08:02 PM
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  Old

If you're running a web development company or anything that's not too complex, you could give Harvest a try. Quickbooks, or any type of alternative that can read Quickbooks files, is definitely something to try. It comes down to preference, and what can give you what you need on tax day.

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