QuickBooks Cures All??

I am a fan of a great software out there called QuickBooks by Intuit. It is the software that 80% of small business in this country use to track their finances.

While QuickBooks makes life easy for the small business owner to prepare sales invoices, receive the payment, and other daily accounting tasks, if you don't know what you are doing, then you may actually have a bigger problem on your hands -your books!

Unless you really understand debits, credits, and how they all relate to each other and how QuickBooks uses them, then you MAY be causing a bigger problem that your tax person will need to work with at the end of the year, which will cause you to spend more money than you need to at tax time.

When people tell me they use QuickBooks for their small business, I am happy for them. That means they at least have a good start. Then I ask them if they really know how to use it. Some smile and nod, others give me the blank "deer in the headlights" stare.

Please, if you are a small business owner, be sure you fully understand how the software works. If you don't want to hire a professional bookkeeper, at least hire someone to get you set up and then show you how to use the tools you have.