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cdsites17
Forums Member
Joined: 22 Oct 2009
Posts: 22
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#1 · Posted: 29 Oct 2009 10:14
Hello all. I recently started keeping my accounting straight in an excel spreadsheet. I know that you can use Quickbooks for this as well. My question is do I really need to go out and spend the 90 bucks for this program? Are there major benefits to using Quickbooks and if so what are they?
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Jim Gillum
Forums Member
Joined: 19 Nov 2009
Posts: 42
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#2 · Posted: 3 Dec 2009 23:13
If you know proper methods for your business accounting, you can keep your records in a paper note book.
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Jim Gillum
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JoelCowen
Forums Member
Joined: 15 Nov 2009
Posts: 48
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#3 · Posted: 9 Dec 2009 10:34
Quickbooks is for a traditional business, I would recommend Quicken to start with than upgrade to Quickbooks. Hope this helps.
To your freedom and success,
Joel
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getagrip
Joined: 20 Feb 2006
Posts: 2087
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#4 · Posted: 9 Dec 2009 11:05
I don't really know anything about the program you mentioned, but one place to look for accounting software is Download.com - they give out a lot of free trial software programs, so you can give them a test drive before you decide to buy them.
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hopeful4u
Forums Member
Joined: 4 Feb 2010
Posts: 2
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#5 · Posted: 12 Feb 2010 09:15
cdsites17
Advantages:Quickbooks(and upgrades) can do everything from invoices to payroll (subscription).Properly set up it will run your accounting needs for the years start to exporting to tax returns for years end.
Disadvanages:The set up interview is very long,switching over mid quarter is difficult and making adjustments is to easy:You can throw your balance sheet into lala land trying to make something else match.It works best when you are using all your features inside quickbooks.Do you need them employees,outside contractors
customer discounts pay sales tax etc.
Excell spreadsheet also exports to most tax software.
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VictoriaNTC
Joined: 12 Mar 2008
Posts: 755
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#6 · Posted: 12 Feb 2010 16:48 · Edited by: VictoriaNTC
I am having a nightmare with QuickBooks.
Every year just at tax time, I either need to buy an upgraded version
(to be compatible with eBay Accounting Assistant)
or purchase a support package,
expensive file repair,
or lose my data.
This is the third year this has happened.
The rest of the time I am without incident.
Normally, I am a very positive person but truly feel this is a marketing thing.
It certainly has crossed my mind!
I would just track money in, money out, in categories of course.
Victoria
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anthonysudbury
Forums Member
Joined: 28 Feb 2010
Posts: 2
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#7 · Posted: 28 Feb 2010 15:29
I have worked in the accountancy sector for over 10 years and now run my own practice in the UK.
QuickBooks is definately what I recommend my clients as long as you keep to the absolute basics - they keep track of bank accounts, sales & debtors, expenses, etc.
And use a bookkeeper or accountant to do the quarterly/year end adjustments.
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Anthony Sudbury
http://www.anthonysudburyreview.com
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vjassociate
Forums Member
Joined: 26 May 2010
Posts: 6
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#8 · Posted: 28 May 2010 14:45
Hi Everyone,
I Have myself took a quickbook accounting class to help me with my financial record keeping. I must say that i like quickbooks but one should be realle careful on setting up quickbooks and passing the interview process. Once it's set up you are good to go because all you need to do is one simple entry and the software take care of the rest producing all the major financial reports.
I have actually use a free version of quickbooks. I will recommend any body willing to use quickbooks to try the free version first to learn about the software and see if it worth the expense. Then from the free version you can just upgrade. Something you must also think about is why you want to computerize your acccounting and what you will do if there is a computer quash.
I, myself, because i don't trus technology that much i am using a small business tax organizer system to keep my financial records. It's ver convenient and i can take it anywhere with me. I just love it. Again i really recommend to try the free tria version of quickbooks first before deccoding on spending on the software.
Thanks,
James
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amarendra
Forums Member
Joined: 12 Jul 2010
Posts: 2
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#9 · Posted: 13 Jul 2010 06:47
have actually use a free version of quickbooks. I will recommend any body willing to use quickbooks to try the free version first to learn about the software and see if it worth the expense.
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Dennis Anthony
Forums Member
Joined: 16 Jun 2010
Posts: 36
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#10 · Posted: 13 Jul 2010 07:42 · Edited by: Dennis Anthony
Quickbooks does seem to be the 'industry standard' and I've certainly used in in many of my business ventures...
However, I am now finding that Ouright - http://outright.com/ - is better suited for the freelance, independent professional:
It's simple
Easy to use
-and it's FREE!
It's perfect for my business and runs on autopilot once you have it set up. I like it much better than Quickbooks to be honest.
Best,
~Dennis
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ninnato
Forums Member
Joined: 20 Jul 2010
Posts: 6
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#11 · Posted: 23 Jul 2010 07:02
getagrip: Download.com - they give out a lot of free trial software programs, so you can give them a test drive
Hi � and thanks for the address.
I'll have a look � it's a good idea being organized before starting the "adventure".
Otherwise it can easily turn into a nightmare..
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dslavinski
Forums Member
Joined: 6 Aug 2010
Posts: 22
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#12 · Posted: 13 Aug 2010 04:46
yeah it does work out nicely that Turbo tax works well with the quick books, i was able to do my taxes in 1 hour because i was able to import so much of my information from quick books, you really cant beat it.
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sinsinatty
Forums Member
Joined: 7 Dec 2010
Posts: 2
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#13 · Posted: 7 Dec 2010 14:32
If you're in the UK, you should really be using SAGE. There are a few different versions, but all UK accountants will be familiar with it and it will mostly be part of there internal systems too. Quickbooks is a proverbial pain in the backside for UK based businesses.
If you do most of your business online, try Freshbooks - great online tool for doing your invoicing, estimating, time-tracking, expense tracking, etc. Works really well for me 
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CATHERINE KIBE
Forums Member
Joined: 6 Jun 2012
Posts: 2
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#14 · Posted: 6 Jun 2012 01:54
Hi. I have used quickbooks since 2004, and it has been great. Easy to post transactions & quick to give reports. You can also modify the reports to present them as desired. Just be careful not to update the program every time you are asked to, as these could lead to absoleteness. Consider if you need anything new in the program, or what you have is working well for you.
Enjoy the journeywith quickbooks.
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