Whew! All of the transactional data has been downloaded, edited and categorized in my accounting program. Wasn’t quite as bad as I’d thought it would be. Now, I have to tackle the pile of receipts (some expenses were paid via cash or other means) and get all that entered. Tomorrow maybe. I’m stitching the rest of this evening!
What to do about the business bookkeeping has truly baffled me. I really didn’t want a manual system, but many of the programs out there like Quick Books really are a bit overkill for what I need at this point in my business. I was also trying to be frugal and DIY for little or no cost. Oh, and I also need to tell you that I have a Mac computer, plus I will file my business taxes on a Schedule C with my personal tax return.
I tried three different trial versions of accounting software for Mac computers. I chose Outright simply for ease of use and the fact it is a cloud based system accessible from anywhere. Account Edge ran a close second and at $99 may prove to be a better value over time…but it is a little clunkier to use. One thing I definitely do like about A.E. is the ability to generate invoices – something you can’t do on Outright unless you use a plug-in like Fresh Books or Harvest. Those plug-ins add to the monthly cost. So for those few times when I NEED a professional invoice, I’ll simply use Excel to generate the invoice. Besides, I already own that software program!
Online accounting software isn’t necessarily free. I am willing to part with $10/month for Outright to save time and my sanity. I’d much rather be making products, designing lesson plans or uploading new merchandise to my store – not keying in financial transactions.