soccerdad72
DIS Veteran
- Joined
- Oct 23, 2012
As others have said, Quickbooks is pretty much the standard for small business accounting software.
I would use Excel or Google Sheets before a ledger book. While I'm pretty good at math, the computer/cloud is going to be EXCELLENT. With either one you can create lookup tables to create invoices (I used to do that when I freelanced), save as PDF, and print or email. I was even able to set it up for when different companies would pay different amounts.
And, you can save to the cloud so it's always available no matter where you are.
Can you tell me a little bit more about Wave? It was on one of the list I read on good accounting software for small home businesses. I like that it’s free!!! I only have one client right now(may add a few more eventually), and I’m the only employee. So all I really need to do is track income, expenses, maybe make invoices, calculate & pay taxes, and invest in an IRA.I use Wave for my sole prop as a sports official. No cost and seems to have everything I need. I started using it late last year when I started working hockey as well as softball.
It allows you to list accounts receivable and track when the payments come in as well as what expenses you have. For me it's been great to keep a running total of profit for the year so I can see how much I have to claim at the end of the year. Not fancy and not going to help with calculating taxes or doing an IRA. I use TurboTax Self Employed for the taxes and I don't do an IRA out of my side hustle.Can you tell me a little bit more about Wave? It was on one of the list I read on good accounting software for small home businesses. I like that it’s free!!! I only have one client right now(may add a few more eventually), and I’m the only employee. So all I really need to do is track income, expenses, maybe make invoices, calculate & pay taxes, and invest in an IRA.
Sounds like what my son the IT guy talking.