It all depends of the number of transactions and the complexity of the company.
If you are a freelancer with only 10 transactions per month you could use a ledger book or a spreadsheet as the tool for keeping your accounts. Within a year you will only have to register 120 transactions.
If you have 10 transaction per week you should consider a PC bookkeeping programme. In a year you will have entered 520 transactions. Using a PC will help you make the paper work and at the end of the financial year it will be easy to make the financial statement.
You don´t have to buy an expensive and complicated bookkeeping programme for this purpose. You might even find freeware programmes.
If you have 10 transactions a day you should definitely use a PC based bookkeeping programme. You cannot keep track of 3650 transactions a year without a PC programme.
You could ask yourself the following question before acquiring a bookkeeping programme:
If you have less than 20 customers and suppliers you can download a free
accounting software from QuickBooks. If you have more than 20 customers and suppliers you have to pay for it. Still, get some experience in making your account and then you can change to the accounting system of your choice.
- Go to QuickBooks web site
- Go to next business issue: Bookkeeping on a PC
The great thing about working in the Accounting Department is that everybody counts.
- Unknown accountant