Good accounting software for IM?

20 replies
Hi everyone,

With the beginning of the new year, I figure it is time to get my records in better order for this year.

So, i'm looking for a recommendation of a good accounting software (expenses, revenue, etc.) that folks use with internet marketing.

Thanks very much,
Tom
#accounting #good #software
  • Profile picture of the author adsquare
    Quickbooks works wonders.

    Jared
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  • Hire a book keepers. It's very cheap and worth it. Then just give them your expense reports. Unless you are selling your own products, most accounting software is overkill.

    You only need to track profits and expenses. Your Balance sheet will hardly change.

    And I'm not talking full time. You buy and hour or two a quarter. Costs me less than $100.
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    • Profile picture of the author Kerry Finch
      Originally Posted by InternetMarketingIQ View Post

      Hire a book keepers. It's very cheap and worth it. Then just give them your expense reports. Unless you are selling your own products, most accounting software is overkill.

      You only need to track profits and expenses. Your Balance sheet will hardly change.

      And I'm not talking full time. You buy and hour or two a quarter. Costs me less than $100.
      Totally agree - outsource it! I did this 6 months ago, and my productivity has soared. Accounts is not my thing (neither is graphic design) so I pay someone to do these things for me.

      When you stop trying to do everything yourself, it is amazing how well you can focus on the tasks that you (a) make the most money from and (b) enjoy.
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  • Profile picture of the author rapidscc
    Hi,

    There's a warrior here recently who's into accounting.

    He showed a video on how to use quickbooks and
    how to apply it to the Internet marketing business..

    I tried to locate the thread but couldn't find it

    All the best,
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  • Profile picture of the author BeanCounter
    Tom,

    I worked 5 years in accounting before getting into internet marketing. I recommend Quickbooks or Peachtree. I recently launched a video where I teamed up with a top internet marketer teaching a quick system I use and recommend for all IMers. It also teaches you how to import paypal activity into QB. Click on my signature to find out more.

    Good Luck!


    Originally Posted by Tom Goodwin View Post

    Hi everyone,

    With the beginning of the new year, I figure it is time to get my records in better order for this year.

    So, i'm looking for a recommendation of a good accounting software (expenses, revenue, etc.) that folks use with internet marketing.

    Thanks very much,
    Tom
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    • Profile picture of the author rapidscc
      Originally Posted by BeanCounter View Post

      Tom,

      I worked 5 years in accounting before getting into internet marketing. I recommend Quickbooks or Peachtree. I recently launched a video where I teamed up with a top internet marketer teaching a quick system I use and recommend for all IMers. It also teaches you how to import paypal activity into QB. Click on my signature to find out more.

      Good Luck!
      Oh, You're the warrior I was talking about

      I was looking for your thread to post it here but apparently
      I was not able to find it

      All the best,
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    • Profile picture of the author ericwt
      Originally Posted by BeanCounter View Post

      Tom,

      I worked 5 years in accounting before getting into internet marketing. I recommend Quickbooks or Peachtree. I recently launched a video where I teamed up with a top internet marketer teaching a quick system I use and recommend for all IMers. It also teaches you how to import paypal activity into QB. Click on my signature to find out more.

      Good Luck!
      Just bought your video. Looks like what I need.

      Thanks
      Signature

      I am not here to sell anyone, anything.I am here to learn and to help others.
      That is all.
      Detach from outcomes and you own the world.

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  • Profile picture of the author Jesus Perez
    If you want EASY and you're not an LLC or Scorp, corp...Free Bookkeeping, Tax Record Keeping; Freelance & Self Employment Success - Online Software: Outright. I use QuickBooks.
    Signature

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  • Profile picture of the author mikemac1
    Outright.com (just saw the link was already given by BlueSquares) - great service, very simple and if you use PayPal, it automatically downloads everything (revenue & expenses) and will even do a simple tax calculation for the business on a quarterly basis.

    I try to keep things simple and this definitely helps.
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    • Profile picture of the author Keith Gilbert
      Right now, I just use Microsoft Excel. If you don't have a very complicated business model, you probably don't need a fancy account software package.


      Originally Posted by michael-mac View Post

      Outright.com (just saw the link was already given by BlueSquares) - great service, very simple and if you use PayPal, it automatically downloads everything (revenue & expenses) and will even do a simple tax calculation for the business on a quarterly basis.

      I try to keep things simple and this definitely helps.
      Wow, that looks cool. Thanks!
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  • Profile picture of the author Ben Roy
    If no one mentioned it, there is a free version of Quickbooks available. It doesn't have all the features of the full version (obviously), but it has enough to get you through the basics and you can always upgrade later if you like.
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  • Profile picture of the author Tom Goodwin
    Thanks very much everyone. Lots of great replies. Organization is one of my weakest suit so I needed some help in that department.
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  • Profile picture of the author cityofangels
    Great thread to start off the new year. Never heard of outright but will check into it. Thanks.
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  • Profile picture of the author Silas Hart
    I like accounting, and I love Quickbooks. I use it online and offline.
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  • Profile picture of the author snyder7
    I use quickbooks. This year I am going to make better categories though to report income and expenses
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  • Profile picture of the author jficarro
    I know we are being repetative, but I use quickbooks contractor pro. It's kind of expensive, but it is very good.

    As a side advantage, I have some clients who found out about it and literally beg me to do their books, usually on a weekly basis. I would rather not leave the house, but they are good clients (plus one of them paid for my 09 version of quickbooks), so it's kind of like a boring but profitable side job. I even ended up hiring a secretary to come in with me and file the stuff I enter. (kind of embarassing, but like I said they are really good local clients and what the heck).
    James
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  • Profile picture of the author therichb
    Quickbooks gives you all possible ways to work on all sorts of accounting tasks really easy & quick..I have been using it for 1+ years now & it fulfills all requirements of accounting transaction details, expenses, cash account management, & many more

    I recommend it to anyone without a single question !!!
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