small business bookeeping
I'm running a small business and need to set up a bookeeping system. It's a fairly simple operation where our clients pay us amounts by wire transfer. We then need to pay our contractors by wire transfer, wages for a small staff (cash), and general expenses (cash or cheque).
My question is:
Do I need to use something like "QuickBooks", or can I can I do this myself with "Excel", and if yes, what sort of account books do I need to start with.
Great question. No, you don't need QuickBooks. You can use Excel to quite efficiently capture all your income and expenses. I want you to check out my pages on Cash Disbursement Journals and Cash Receipts Journals to find out how to build and use these Excel journals as a bookkeeping system.
I am currently working on an e-course of this very subject, to be available for purchase soon, that will show you in video format how to set up and use these journals.
If you're interested, please send me another email and I'd be happy to notify you when the ecourse is available for purchase.
For now, see these pages:
And if you have any other questions, please let me know!