Dear Taxman – I am starting a small business. What software should I use to keep track of my business transactions?
Dear Reader – If you are only selling one product or service, Excel is good for tracking incoming and outgoing money in a list format that you can sort and search. If your business is much larger, you offer multiple products or services, or have employees, I would recommend QuickBooks which has many more features and reports that benefit the business owner. I suggest you get someone with a strong accounting background to set it up and train you to use it correctly. In fact, we provide QuickBooks training for business owners in Frederick, Jefferson and surrounding areas.
“Ask The Taxman” originally appeared as a column in The Brunswick Citizen. All responses are written by Jim George, CPA. If you have a question for a CPA, contact us!