Wednesday, August 12, 2009

Accounting

Accounting is one of the most challenging aspects to owning a business for me. I understand the large concept of debits and credits. I understand how to balance and make sure everything gets paid. I have problems when it gets more complicated. I do not know how to file taxes to receive the maximum benefits. I do not know what system best classifies everything. For instance how do you classify an expense on a desk. Does it just go into business expenses? I have toyed around with Quicken but have not been able to get very far. I have sat for hours with books open and just glaring at the screen not getting anywhere. I am going to take another look at Quicken, but I so far have not found an alternative to our accountant.

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