Accounting Software

mom241
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mom241
Edited Date/Time 1/22/2012 10:31pm
Are there any CPA's out there who can recommend an accounting software for a professional racer? I find QuickBooks to be very frustrating. Sorry if this isn't moto related enough.
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motosmith
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motosmith 4/28/2011 9:48am
4/28/2011 9:48am
It depends on what your trying to accomplish. If your only trying to manage your personal finances like paying bills and reconciling your check book, I would use quicken. It's way easier.
mom241
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mom241 4/28/2011 9:50am
4/28/2011 9:50am
Just keep up with check book, follow investments, cash--nothing to in depth.

Thank you, I'll check it out.
jndmx
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jndmx 4/28/2011 9:57am
4/28/2011 9:57am Edited Date/Time 4/28/2011 9:59am
Yup Quicken is a much more sensible choice for the personal finance thing.
Mx4life320
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Mx4life320 4/28/2011 9:58am
4/28/2011 9:58am
Yea, I use quicken... Works very well for me.. Have used it for years.

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SteveS
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SteveS 4/28/2011 10:08am
4/28/2011 10:08am
Agree. For what you said you're doing Quickbooks actually doesn't make sense. Quicken has the tools to do what you want, and way better than Quickbooks.

If you were running a business that had inventory, payroll, invoicing, billing, and so on, then that's another story entirely.
mom241
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mom241 4/28/2011 10:10am
4/28/2011 10:10am
Thank you everyone. I'm actually trying to use Quickbooks for another business and I'm very frustrated there as well. Going to have to switch.
Team Ideal
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Team Ideal 4/28/2011 10:19am
4/28/2011 10:19am
I use Quicken at home, but Quickbooks at work. not sure what you may be having trouble with but our year end accountant came out and showed me the basics on QB and it made my life much easier. good luck
adamdf
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adamdf 4/28/2011 10:41am
4/28/2011 10:41am
what about GnuCash?

Its free open source accounting software that can be used on Windows, Mac, and Linux.

It looks pretty interesting and i'm thinking of giving it a try, anyone else used it before?

I think its cool they also have all the accounting documents for accounting Newbies on the site to basically teach you about accounting and how to use the software etc.
skidsteer16
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skidsteer16 4/28/2011 10:44am
4/28/2011 10:44am
+1 Quicken
SPYGUY
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SPYGUY 4/28/2011 10:47am
4/28/2011 10:47am Edited Date/Time 4/28/2011 10:51am
For a business, Quickbooks is very very good for the most part. It has it's flaws like any program, but it's very flexible in a lot of different areas and can work for a lot of different applications.
skidsteer16
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skidsteer16 4/28/2011 10:55am
4/28/2011 10:55am Edited Date/Time 4/28/2011 2:27pm
SPYGUY wrote:
For a business, Quickbooks is very very good for the most part. It has it's flaws like any program, but it's very flexible in a lot...
For a business, Quickbooks is very very good for the most part. It has it's flaws like any program, but it's very flexible in a lot of different areas and can work for a lot of different applications.
Well, obviously...

run and tell that!
Dirty Britches 4/28/2011 12:06pm
4/28/2011 12:06pm
Quicken fan here as well.
One complaint, after about 3 years, they stop their online services (downloading credit card, bank statements, 401k info, etc) and if you want to continue services, you are forced to upgrade at another $80 (approx).
motokiwi 4/28/2011 12:14pm
4/28/2011 12:14pm
www.xero.com good honest easy to use New Zealand made accounting software.
Its all online like gmail to, so you can easily access it from anywhere with an internet-connection, you dont need to slug the same laptop round all the time.
Mr. Ted 4/28/2011 12:43pm
4/28/2011 12:43pm
Quickbooks has some advantages, such as their online program. We found it beneficial as our accountant could have access for tax purposes,etc. My wife is an accountant and we have to have external audits done, so it was good for that. But I would say for personal finances quicken is probably a little more user friendly.
lumpy790
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lumpy790 4/28/2011 12:51pm
4/28/2011 12:51pm Edited Date/Time 4/28/2011 12:53pm
I purchased quickbooks and was confused in setting it up and eventually found it no different than just putting the same info into my own spread sheet.

I also use my paypal account for almost everything and you can down load the complete history comma delimited so I dont even have to post things just cut and paste into the appropriate catagory.
DPR250R
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DPR250R 4/28/2011 1:24pm
4/28/2011 1:24pm
If it's for personal use... check out...

https://www.mint.com/


You can also make your own spreadsheets in excel.
adamdf
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adamdf 4/28/2011 2:18pm
4/28/2011 2:18pm
So noone has tried GnuCash?
Stephon
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Stephon 4/28/2011 3:32pm
4/28/2011 3:32pm
Dirty Britches wrote:
Quicken fan here as well. One complaint, after about 3 years, they stop their online services (downloading credit card, bank statements, 401k info, etc) and if...
Quicken fan here as well.
One complaint, after about 3 years, they stop their online services (downloading credit card, bank statements, 401k info, etc) and if you want to continue services, you are forced to upgrade at another $80 (approx).
I agree and didn't like the forced upgrade either. Other than that it has worked great for me for the last 5-6 years. I use it for my credit & debit cards, cash, savings, stocks, Roth IRA & 401(k).

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