A&P Accounting crew - what do you use...

Discussion in 'Lifestyle' started by Tonster MBA, Oct 5, 2009.

  1. Tonster MBA

    Tonster MBA OT'r of the Year 2013 OT Supporter

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    Anyone use Quicken and Quickbooks?

    Any suggestions

    I downloaded Quicken 2007 for Mac and I am super lost.

    How do you guys keep track of your stuff?

    How many of you guys have separate bank accounts?

    How many of you document everything you spend?

    DETAILS!!!!

    Help me learn how to properly run a business. :squint:

    /edit: even if I don't make a lot I want to do it right from the start.
     
  2. EWhytsell

    EWhytsell New Member

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    I use quickbooks, but thats just because I know the back end and interface well. I used to be the GM/server admin at a small company and we used that software for our accounting.

    Its quite powerful and allows for a lot of customization. Another plus is that when you get complicated enough you can have about any CPA help you with setting the categories for tracking stuff.


    As for bank accounts, businesses are required to be registered with the state to open them. I'd do it, much easier than dealing with trouble.
     
  3. Ty Webb

    Ty Webb You don't have to go to college. This isn't Russia

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    I use microsoft excel with expense reports, and income report forms.
    Email in PDF to accountant at tax time and let them deal with it.

    I DO have a separate bank account for my business and run my photography through it. You generally need to have a separate business bank account. Huge pain in the dick to manage business finances and differentiate from personal income.

    Done.
     
  4. GlobeGuy

    GlobeGuy New Member

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    I use quicken online, I like it because I can update it at work and home. And it's free.
     
  5. Fucker

    Fucker out of the fast lane, bitches

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    QB '09
     
  6. Tonster MBA

    Tonster MBA OT'r of the Year 2013 OT Supporter

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    3 quick books vs 1 quicken...


    looks likes QB's may be the way to go.

    I know its more versatile, but isn't it harder to use? I am having enough trouble trying to figure out quicken... hehe.

    How did you guys learn how to use the software? I understand some concepts and Ideas from my accounting class, but it honestly isn't helping much.
     
  7. adamlewis88

    adamlewis88 New Member

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    Im studying for my CPA and I approve of QuickBooks.

    How did I learn to use it? Went to school to be an accountant
     
  8. FusionZ06

    FusionZ06 /\__/\__/\__0>

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    Quickbooks

    Have a separate account and use a separate credit card. Makes things much easier at the end of the year for the accountant.

    Think about it solely as income and then offsetting your taxable income with expenses. That's it....
     
  9. tetsuo

    tetsuo And shepherds we shall be...

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    i work for a company that has a ton of small business franchises and we recommend that everyone use quickbooks. we even give them training on it when they come through the corporate training. my mom has used quickbooks for 12+ years to manage her and my dad's business. their accountant told them that quickbooks is for a business and quicken is for personal use. :dunno:
     
  10. BeachBoy

    BeachBoy New Member

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    I use Quicken 2007. I have every single expense I've made since 2007 in there.

    takes a little while to get used to it, but it does a great job once you get good at entering everything and not waiting a month..
     
  11. Tonster MBA

    Tonster MBA OT'r of the Year 2013 OT Supporter

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    Anyone have any quick book tutorials or quick tips?? Anything that would be helpful?


    Past mistakes? Thinks I should be aware off...
     
  12. tetsuo

    tetsuo And shepherds we shall be...

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    don't accidentally delete the file that contains 5 years of business. and really don't do it when you don't have a good backup. :o yes i speak from experience on that one, luckily to this day my mom doesn't know what happened to it.
     
  13. jared_IRL

    jared_IRL OT Supporter

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    I have a wife. I let her handle my light work.
     
  14. Tonster MBA

    Tonster MBA OT'r of the Year 2013 OT Supporter

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    /note to self


    Okay got it!
     
  15. EWhytsell

    EWhytsell New Member

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    I use 2009 Pro don't know about the other versions, but its got great access to all that on quickbooks site and also a live help that runs while your inside the software.

    Once you get enough data built up over time you can start making some really powerful reports to help in determining business moves. I'm not there yet with data, but when I did work in IT using it we could make reports to help us with everything related to the business.
     

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