Sep 24, 2009

Bookkeeping Basics--When Less is More

Do you need a basic bookkeeping program for your small business--something more sophisticated than a pencil and paper system but less complicated than a full-blown accounting program? There's a relatively new online bookkeeping service called Outright that may be just the thing you are looking for. An article in Small Business Trends describes how easy the program is to use. You are asked to track only two things--earnings and expenses. You provide this information and the program helps you figure out your quarterly estimated taxes and business deductions. For many small businesses, it may be the perfect bookkeeping solution, providing essential bookkeeping services while avoiding the headaches and hassles of a program that offers more than you need. It's designed for sole proprietors and single-member LLCs, and it's free (at least for now).            

To learn more about business bookkeeping, see Nolo's Business Accounting, Bookeeping & Finance area.