silly accounting questions

Hello All,
If anybody knows any of the following it would really help me up.
If I ahve asmall business, do i legally need to get accouting software
like quickbooks? And I registered my company name, it turns out that the doain was already taken but I have already purchase a whole slew of products and expences to my company. Would a be able to transfer these expences to a new company name even though it was not exsisting at the time the expences were taken place?
thx a bunch!
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Nope. You must keep books and records in support of your business revenues and expenses. How you keep them will improve your business as you'll have at least a historical trail of where you've been. From that you can tell where you're going.

Ummm.....a domain name isn't the same as having a legal entity. Figure out what you want or need, then determine if the entity name is take with the Secretary of State for your home state. Corporations go through name searches (so there isn't more than one entity with that name in your state), D/B/A names generally are registered with the county in which you operate.

Yes. You can take the expenses of your mistakes.
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Paul Thomas, CPA
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Match revenues to expenses--> Since you will not be required by law to use quickbooks there are things to consider. You may be able to use all of the things you spent money on to earn money and therefore already have business expenesses(investment.) None might qualify.
What type of business are you starting?
Neal
On Jan 3, 11:33 pm, angie snipped-for-privacy@yahoo.ca wrote:

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Match revenues to expenses--> Since you will not be required by law to use quickbooks there are things to consider. You may be able to use all of the things you spent money on to earn money and therefore already have business expenesses(investment.) None might qualify.
What type of business are you starting?
Neal
On Jan 3, 11:33 pm, angie snipped-for-privacy@yahoo.ca wrote:

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