Book keeping

[vardymr2]

Just want some ideas please, do you guys use excel spreadsheets that you made or bought? or some other good software on the market?

 

[steamboatwilly]

If you're putting your year's accounts via an accountant then Excel will often be fine. Simple columns for date, category (sale/cost), item description, type (ie, tools, materials, phone, office, etc), supplier, reconciled, total, VAT, total inc VAT.....

I've run several professional services companies and I've always come back to using a combination of Excel (invoices, summary of debtors/invoiced/etc) and a very simple cashbook accounting system called MoneyManager. Don't use anything too complex even if your accountant tries to persuade you to use Sage.

Money Manager-Introduction

Keep it simple so it doesn't extend your day too much!

 

[marthaandy89]

In past I was doing that on spreadsheets but then a friend of mine suggested me to get trained in it through book keeping course online.
I juts followed that suggestion and now I can manage them effectively.

 

[Geordie Spark]

In past I was doing that on spreadsheets but then a friend of mine suggested me to get trained in it through book keeping course online.
I juts followed that suggestion and now I can manage them effectively.

Very interesting to note that you list your occupation as "marketing", you have no electrical qualifications and this is your first and only post .........

 

[MDJ]

excel is fine for book keeping, I like it, easy to use, I would avoid sage at all costs if you ever get the idea about using that, a nightmare to use IMO and after using it for 6 months I went back to excel lol.

 

[shanky887614]

excel is fine for book keeping, I like it, easy to use, I would avoid sage at all costs if you ever get the idea about using that, a nightmare to use IMO and after using it for 6 months I went back to excel lol.

excel is very good.

very simple to make formule etc based on info you enter to calc it for you, if your not sure then the built in help is very good

 

[Spark1979]

Have to say I use sage and it's much easier to use than excel, now got an app that you can invoice and email while on site, keeps an eye on all your debtors at the click of a button you know who owes what. Makes sure your wholesalers statements add up to. Also has a handy project function where on larger jobs you can allocate materials and other costs to it to see what you've actually spent, making sure you've made something. I wasn't forced to use it by accountant either just found it really easy to use and self taught myself

 

[telectrix]

i just use 2 diaries. income and expenses entered each day. if it looks like i'm going to have to pay income tax, second diary comes into play. rrr: :wink_smile:

 

[Geordie Spark]

I used to keep two sets of books ............ one for me and another for "them".