BellaOnline Forums Career Accounting accounting for new business

My husband has asked me to start the books for a company he and a friend are starting. They have invented a small widget and have seven receipts for materials. There are no bank accounts. When I studied accounting some years ago, the techniques given dealt with going concerns. The library has been of little help. The two software programs I've tried don't allow me to make the entries that I think should be made. Can anyone make any recommendations? Thank you so much.

Kathygeorge

Quicken's "Quick Books" or whatever the current equivalent is, has served me well. You can also do all of the simple tasks in plain old MS Excel.

Its all in how much you want/need to do to stay afloat with the task.

Thank you very much, Lynn. I appreciate your suggestions.

Kathy

Kathy

There are lot of accounting softwares which will help you like PT Quantum 2008. Or else if you are looking for e books then try atBellaOnline ALERT: Raw URLs are not allowed in these forums for security reasons. Please use UBB code. If you don't know how to do UBB code just post here for help - we will help out!

Quicken is what I use. It's probably the best.

I like MYOB. Or Accounting Edge. I am an office manager in my day job and I really like it.

I worked as an accounting assistant for years and when i left the agency and began my own business I found that i had to tailor my accounting style to my leaning style and my life style. whats good for the goose isn't always good for the gander

there are plenty of programs out there. Main thing is that you use one you're willing to do (or willing to hire someone else to do)

It really depends. I have clients who use most accounting software that's out there. One used MYOB because her accountant recommended it. But then she tried to get an bookkeeper none were available in her area. So keep in mind that some day, someone else will do the work you're doing and you need to be able to find people.

Other consideration:
will you have inventory?
are employees in your future?
which programs do your accountants use?