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If your husband is self employed
For those of you whose husbands are self employed or if you own your own business. How do you keep your books?
I am looking for a not to expensive computer program i can enter the receipts and stuff in and categorize it. I currently do it on paper in ledgers and stuff, but it is a real pain in the rear.
Theni have file folders for each category that each receipt goes in to keep in order for the next tax season.
Plus it doesnt help that dh keeps receipts in his pockets or in the truck and foregts to bring them in for a couple of weeks.
So i am wanting ot get a easier system preferably on the computer in place.
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Asked by Anonymous at 3:03 PM on Feb. 14, 2012 in Money & Work
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Quickbooks... SSSSOOOO easy.Found an answer to your question?
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No husband but I do my business stuff with Quickbooks. AG is right; super easy.Found an answer to your question?
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Oh... I was going to answer since hubs has his own business. But the busiess has an accounting department with a controller, and about 3 other people in that department.
If the business is that small that it wouldnt be cost effective to have an entire department i would suggest they hire an out side service. That way they can do payroll, billables, receivables, and taxes. You would hate to make a mistake and cost the company money. Personally I prefer to hire professionals when a business is on the line.
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Answer by Anonymous at 3:14 PM on Feb. 14, 2012
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I own my own company and I have a bookkeeper/accountant do my books monthly, as well as my payroll. I do this for all the reasons anon above me mentioned. I know what I am good at, and what should be handed off to a professional!Found an answer to your question?
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As for hidden receipts in husband's pockets, with bookkeeping this is eliminated by reconciling internal books with bank statements. Reconciling should not be done by the bookkeeper, but by a treasurer or an accountant. Yes, reconciling is fairly easy, but there needs to be checks and balances. Then, to follow up of differences of cash, there needs to be an audit. This is where all transactions are kept in paper form in a year to year archive to back financial statements generated by Quickbooks or Peachtree (whatever program is used). Even with petty cash, there needs to be accountability of those purchases too.
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Year to year archive, more specifically, a month to month within year to year, to back electronic financial statements of internal books. Reconciling many times happen daily during each evening.
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My spouse and I both have our own businesses. I hate (loath and despise) Quickbooks; it is not true accounting, the reports suck, and it is too easy to screw up.
We use Peachtree; you can get a copy on eBay for around $20Found an answer to your question?
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Professional version Quickbooks is very intense to learn and is sensitive to user error, but it is extremely detailed and accurate. Many accountants prefer Quickbooks.
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