Accounting software again

coffee

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Im getting pretty frustrated here and this might turn into a bit of a rant. But I just dont understand the accounting software market. All Iam is a small one person shop that is in desperate need of a decent accounting program. However, I do not have a big bankroll. Iam begining to think that simple spreadsheets might be the only way to accomplish my accounting. I would love to pay my taxes and have an accurate view of how Iam doing in business but at this point its looking pretty elusive.

When I first started out I purchased a copy of quickbooks pro and wanted to work with that. However, I ran into some difficulties in creating even simple things like a custom invoice. I started reading around at reviews and asking some select clients about it when I saw them using it. No one seems even remotely happy and everyone actually has more bad to say about it then good. So, I set it aside (damn, wasted that money) and started looking for other options. Besides quickbooks seems to not want to fix some long term problems according to alot of reviews (amazon).

I installed gnucash and have been working with that. However, I dont get a very warm feeling from it as it has a bit of a learning curve to it and difficult for me to understand it. Took quite a while to set it up and then I find out that you cannot customize invoices and such. Along with gnucash I needed an invoice program. Therefore, I installed 'simple invoices' and it actually seems to handle invoices pretty good. I still cannot customize invoices and I do not trust the accounting in it. Its got alot of rough edges - but it was free.

So, I started looking around again. I found 'Openerp' as an all-in-one solution and I was sold on the nifty graphics and such. Therefore, I downloaded a copy and set it up on my webserver to see how it would do. Well, I have to say that I cannot even figure out how to start a bank beginning balance in it. I also would get these annoying sales calls on my cell phone. Im sure they are just trying to be helpful but they couldnt answer any of my questions. They would instead email me a link to what they thought might answer my questions and drop it. Of course the links are pretty general and not helpful. So I went and looked at their 'forum' setup for customers and noticed that it is now defunct. They have some "ask a question" knowledge base instead. So, I try and 'ask a question' and I have to sign up for an account with them. So, There it sits on the server and Im almost ready to nuke it.

What I see in the accounting market is either free with little or no documentation or extremely expensive, Cloud accounting. Is it just me or does anyone else have an issue with their private information floating around on a "cloud" which is essentially is a pack of ready to hack servers on the internet?

This problem has been festering in me ever since I started the business. I cannot seem to find a decent accounting software package for single small business people that are not quite adept at accounting principals and practices. Seems to have to be an expert to understand what to do. Aside from that the monthly charges, Cloud storage, or all out cost of the software is beyond what I can actually afford at this time.

All I want to do is keep my financial info private and not on a cloud. I dont trust it. I would also like decent documentation and somewhere to research problems like a forum.

I run windows thru a VM on linux which doesnt seem to be much of a problem but if I have to I will setup a windows 7 computer just for my accounting needs. Just have to find something to run on it.

Sorry for the ranting but this is very frustrating. At this point Im sure Iam not alone - Or am I?

coffee
 
I know you don't want to go the cloud route but if you change your mind there is a free one I have been playing with and it looks promising. Check out wave accounting.
 
When I first started out I purchased a copy of quickbooks pro and wanted to work with that. However, I ran into some difficulties in creating even simple things like a custom invoice. I started reading around at reviews and asking some select clients about it when I saw them using it. No one seems even remotely happy and everyone actually has more bad to say about it then good.
I'm a one-person shop too and use QB Pro; I love it. I customized my invoice with the built-in Basic Customizer/Layout Designer without too much trouble. What is it you want to do that you can't? Have you tried their Online Community or the alt.comp.software.financial.quickbooks usenet group for help? I find the QB reports on how the business is doing terrific, and it couldn't be easier to use as an accounting program, in my experience.
 
I'm a one-person shop too and use QB Pro; I love it. I customized my invoice with the built-in Basic Customizer/Layout Designer without too much trouble. What is it you want to do that you can't? Have you tried their Online Community or the alt.comp.software.financial.quickbooks usenet group for help? I find the QB reports on how the business is doing terrific, and it couldn't be easier to use as an accounting program, in my experience.
Does QB Pro automatically transfer to GL
or
do you run reports from the various modules and then input them into GL?
 
Hey Coffee,

I've been very happy with using Freshbooks for Invoicing and Outright (which is now GoDaddy Bookkeeping) for Accounting. If you're looking for simplicity, this is it. Everything is pretty automatic once you tie everything together.

It is all in the cloud, so that's something you'll have to consider, but personally I feel the benefits far outweigh the risks.

I send invoices out via Freshbooks, everything paid via PayPal, and all transactions recorded by GD Bookkeeping. Then once every few months I triage the accounting to make sure things are getting categorized properly, etc. (takes no more than an hour) and then at the end of the year I send all the reports and documents to my an accountant to do my taxes. Easy.

All together I'm paying $40/mo. for both combined. Super affordable. You could even just use the GD Bookkeeping because they just added an invoicing feature, but I haven't used it yet so I'm not sure how good it is. That would bring the total down to $10 a month.

http://www.godaddy.com/accounting/accounting-software.aspx
http://www.freshbooks.com/
 
When my shop was only doing like 20~ invoices a month, spreadsheets were awesome - I did that for probably 5 years.

Once you are making 5k+ / month a cloud accounting system like QB Online or Xero is not expensive.

The most popular that we hear about are Quickbooks Online, Xero, Harvest.

And yeah - everything is going cloud - the benefits outweigh the risks for everyone.
 
Does QB Pro automatically transfer to GL
or
do you run reports from the various modules and then input them into GL?
I had to look up General Leger Report in QB to remind myself what it is (and I have an MBA in economics and finance :eek:). In 17 years of being in business, I have never run a GL report. With the click of a button, I regularly create Transaction reports, Jobs by Date, Cash Transaction reports, Profit & Loss reports, Y-T-D P&L Comparisons, Open Invoices reports, Customer Statements, and Deposit Detail reports.

At year end, I click one button each to produce the following reports, which I use to prepare the taxes for the business: Profit & Loss Detail, Profit & Loss Comparison (to prior year), Balance Sheet Detail, and Balance Sheet Comparison (to prior year). I use these reports to prepare my T-2125 tax statement that my accountant uses along with the accountant copy of my QB file to prepare our tax filings (both business and personal). It's all so automatic I hardly think about what I'm doing. I don't know what I'd do without QuickBooks.
 
I had to look up General Leger Report in QB to remind myself what it is (and I have an MBA in economics and finance :eek:). In 17 years of being in business, I have never run a GL report. With the click of a button, I regularly create Transaction reports, Jobs by Date, Cash Transaction reports, Profit & Loss reports, Y-T-D P&L Comparisons, Open Invoices reports, Customer Statements, and Deposit Detail reports.
I hate to tell you Larry - but the Profit & Loss report is considered a G/L report ;)
 
Import History into QuickBooks PRO

Not trying to hijack:

I have been using the same version of our accounting software for 13 years (running on MS SQL Server 7 and Windows XP PRO).
Does anyone know if QuickBooks PRO can import invoicing and hopefully GL history?
 
I want to thank everyone for replying. Its just been a very bad weekend for me. Trying to fight off a bad cold and I have to return to a customers home (25 miles away) monday morning because they cannot follow directions.

I sat down this weekend and wanted to straighten this mess of accounting / invoicing out and just got very frustrated. An accountant Iam not. Iam a tech and a very good one.

Thank you all so much for the options you have all given. Its hard to spend 250 bucks on quickbooks when I read so much bad about it. However, Technibbles testimonials trump anything online is my thinking. :)

Ok, Going to pour myself over these options and try and figure one out. I will post back with what I will do and we will go from there :)

Much appreciation to everyone! and sorry about my ranting. We all have those days eh?

coffee :)


************** Question? ***********

I had heard that quickbooks expires after 3 years of use. Kinda like they quit supporting it and you have to buy a new copy then about every 3 years. Is that correct? Thanks.

Also, I will probably run quickbooks - test purposes in a VM anyone have problems with this ? I have fedora 19 as host and windows 7 pro as guest o/s.
 
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I skimmed your op. Just a few quick points. As a user of QB for the past 11 years I can honestly say I don't think there is a better small business accounting program that is supported and so widely used as QB. I've been in business since 95 and used a few specialty accounting apps early on. One cost me over $1k and I used it for a year. I settled on QB Pro in 02.

As a computer tech, you should not have any problem customizing invoices. As far as "hearing bad things" about QB. You of all people should know you can't believe everything you read on the internet. Most of the people who bad mouth QB either don't know enough to use it properly or they are trying to use it for something that it is not intended for. I wouldn't recommend using it for a fortune 500 company but it will certainly do the job for a single person business. Heck, I have clients with gross revenue in the millions that use QB. Scary? I don't think so. They just know how to use it correctly for their business.

Stick with it. Seek some help from a QB adviser if you need to. Coming to grips with accounting and your business will be one of the best decisions you will ever make to grow your business.

BTW: The IRS prefers that you use an accounting program that provides an audit trail. Go into an audit with home grown spread sheets and you will be sorry you did.

Cheers and good luck!:)

EDIT: Forgot to mention your last question. QB has recently started forcing users to upgrade to later versions if they are using payroll service. I don't think this affects you if you are not using payroll. Of course they could stop pushing updates for older versions but you will generally want to upgrade every 2-3 years anyway. Amazon is the best place to buy QB that I've found. Cheaper than Staples and list pricing from QB direct. If you buy it right before they release the new version in September - October you can get it for as little as $70 for Pro. QB will run fine in a VM.
 
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I'm a one-person shop too and use QB Pro; I love it. I customized my invoice with the built-in Basic Customizer/Layout Designer without too much trouble. What is it you want to do that you can't? Have you tried their Online Community or the alt.comp.software.financial.quickbooks usenet group for help? I find the QB reports on how the business is doing terrific, and it couldn't be easier to use as an accounting program, in my experience.

Ditto! It had a little learning curve but I find it pretty straight forward now. Easy enough to customize an invoice as well. Also the ability to take payments directly from your invoice is great. If they use a bank account to pay it only cost me fifty cents.
 
I used Wave for a while and now I use Quickbooks online. I had same same custom invoice problems with their desktop version but its not an issue with online.
 
I've been using Zoho Books myself and I have been very happy with it.

That said, I take alot of PayPal and Credit Card payments, and I hate needing to record every payment that comes in. Having a booking system that lets me take Payments in multiple currencies meant that I didn't have to deal with all of that.

Unfortunately, there aren't many online accounting tools that let you process payments in USD and CAD with Stripe :(
 
Im getting pretty frustrated here and this might turn into a bit of a rant. But I just dont understand the accounting software market. All Iam is a small one person shop that is in desperate need of a decent accounting program. However, I do not have a big bankroll. Iam begining to think that simple spreadsheets might be the only way to accomplish my accounting. I would love to pay my taxes and have an accurate view of how Iam doing in business but at this point its looking pretty elusive.

When I first started out I purchased a copy of quickbooks pro and wanted to work with that. However, I ran into some difficulties in creating even simple things like a custom invoice. I started reading around at reviews and asking some select clients about it when I saw them using it. No one seems even remotely happy and everyone actually has more bad to say about it then good. So, I set it aside (damn, wasted that money) and started looking for other options. Besides quickbooks seems to not want to fix some long term problems according to alot of reviews (amazon).

I installed gnucash and have been working with that. However, I dont get a very warm feeling from it as it has a bit of a learning curve to it and difficult for me to understand it. Took quite a while to set it up and then I find out that you cannot customize invoices and such. Along with gnucash I needed an invoice program. Therefore, I installed 'simple invoices' and it actually seems to handle invoices pretty good. I still cannot customize invoices and I do not trust the accounting in it. Its got alot of rough edges - but it was free.

So, I started looking around again. I found 'Openerp' as an all-in-one solution and I was sold on the nifty graphics and such. Therefore, I downloaded a copy and set it up on my webserver to see how it would do. Well, I have to say that I cannot even figure out how to start a bank beginning balance in it. I also would get these annoying sales calls on my cell phone. Im sure they are just trying to be helpful but they couldnt answer any of my questions. They would instead email me a link to what they thought might answer my questions and drop it. Of course the links are pretty general and not helpful. So I went and looked at their 'forum' setup for customers and noticed that it is now defunct. They have some "ask a question" knowledge base instead. So, I try and 'ask a question' and I have to sign up for an account with them. So, There it sits on the server and Im almost ready to nuke it.

What I see in the accounting market is either free with little or no documentation or extremely expensive, Cloud accounting. Is it just me or does anyone else have an issue with their private information floating around on a "cloud" which is essentially is a pack of ready to hack servers on the internet?

This problem has been festering in me ever since I started the business. I cannot seem to find a decent accounting software package for single small business people that are not quite adept at accounting principals and practices. Seems to have to be an expert to understand what to do. Aside from that the monthly charges, Cloud storage, or all out cost of the software is beyond what I can actually afford at this time.

All I want to do is keep my financial info private and not on a cloud. I dont trust it. I would also like decent documentation and somewhere to research problems like a forum.

I run windows thru a VM on linux which doesnt seem to be much of a problem but if I have to I will setup a windows 7 computer just for my accounting needs. Just have to find something to run on it.

Sorry for the ranting but this is very frustrating. At this point Im sure Iam not alone - Or am I?

coffee

I've felt the same as you so I have been writing my own program. My biggest complaints are that most everything is cloud based, can't own it yourself. My second biggest complaint is with the exception of quickbooks online, they are all invoicing programs and not accounting programs.

Have a look at my demo and let me know if you think you might be interested. I'm looking for real people to use it and see what changes need made.

http://www.youtube.com/watch?v=AyA9V1IDmFU
 
PCEINC makes a lot of solid points.

I'll add to them...Quickbooks is the "Gold Standard" for small biz accounting. It's about as universal as you can get.

Pretty much any accountant you might use will be at home with it (important for you).

Compared to other accounting apps....it's darned inexpensive.

So many other programs that you might use in your business will integrate with it. Hard to find other accounting apps that are so widely supported by some 3rd party product that needs to plug into an accounting app.
 
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