QB’s

One of the questions a self-employed person asks when they get serious about maintaining their books is what software to use. QuickBooks, Xero and Freshbooks are the top 3 accounting online solutions in the market. The best way to understand accounting software is to first understand the components that make it. Every accounting system is made up of 5 parts namely: Inputs: Inputs are the documents that are gathered from your business.

Any self-employed business owner who wants to get serious about their business will need to keep records of how the business is doing. There are various ways this can be done. In the simplest of cases records can be kept with a checkbook register. A self-employed individual who needs more complex solutions often moves on to excel but over time outgrows it. The search for book keeping solutions is normally