I just bought a small neighborhood market. What is a good accounting
software or program? How much does it cost? Where do I purchase one?
What will it do? If I buy one, will I be able to fire my CPA and do on
A couple of hundred to a couple of thousand depending on what add-ons you
want and what version you get.
Any decent office supply store, Wal-Mart even (I guess), Office Max, Office
Depot, etc.......or on-line.
Well, that depends on your abilities.
The one thing I've noiticed is that it will make your mistakes glaringly
Software - any software - is not a replacement for knowing what you're
doing. From the few posts you have made, it seems that you don't have a
clue as to what you are doing. So maybe it's a good investment in the
services of a CPA, EA or just a good bookkeeper to help you settle into your
business routine and headed down the correct path. Then, after you get your
feet wet running the business, and that learing curve is behind you, you can
tackle the issue of learning how to do the books and taxes.
Accounting software just does accounting. You would need other software, or
the services of a CPA, EA or good tax preparer to get your returns done
properly. But in both cases GIGO rules apply. The software is only as good
as you are.
Again, see above for my advice to get the professional help you need through
your first year. I know you think it's going to be expensive, but you have
no idea what you are going to run up on if you go it alone. One thing you
probably would like to do is be in business a year, two, five and ten from
now. The odds stack against you without help and guidance. The reason
franchises are so successful is the support they get. You don't have that
support, and you want to fire whatever help you now have?
Many small businesses handle their own bookkeeping but you will need
help starting out and assistance along the way, especially at year-end
and tax time. Quickbooks and Peachtree and other accounting software
packages make the data entry part of accounting easier but they do not
give complete financial statements for tax returns or for getting a
bank loan. Before you "fire your CPA", ask other (successful)
business owners how they handle their accounting and also talk to your
current accountant about transitioning to doing more of the routine
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