Quickbooks is fine but my accountant uses Peachtree Acounting software. Most all the CPA s she knows use it over Quickbooks. I have Peachtree here on my computer and it is easy for my accountant when I pass on a disc to her. It would never hurt to take a course in basic accounting to help you direct your business. Probably Accounting 101 and Marketing 101. Any introductory business course -even Business Law 101 would give you a great start in business. If you decide to use an accountant find what they would like for you to use.Good luck.
Doing accounts for a small business is not outside the abilities of most people, I have included some links for you below.I have done my own accounts for some years and use microsoft. The backup is great.There is a lot of info on-line, some of it is free, or free to try so you can shop around a bit and find what suits you best.Microsofts program is adapted for where-ever you live.
To start off your business, save the money and do the books yourself. There are two ways to account for your business, Accrual accounting - more complected, your goal is to match revenue with expenses. Ie, you buy a machine that will last 10 years, you depreciate that machine over 10 years (its life) to the revenue you earn over that time.Option two, Cash accounting. It is what it means, if you buy a 10,000 machine, you expense that machine right away. When you make 10,000 on a sale, you report that income and deduct your expenses. Now, there are still a few rules, my guess - since you don t give us the nature of your business, you will fit in this category. Now, I think the limit to write off a single piece or series of pieces of equipment is around 100k this year, it will be near that. If you really want software ie your going to be so busy you can t just do this in a spreadsheet, look at quick books - you can get it at best buy. Now, my best advice for you, spend your time trying to get business ie marketing, and worry less about this part for now. Good luck to you.
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