Small business (LLC) accounting apps thoughts...

[Excel Ranger]

Hi Everybody,

I'm in the process of becoming incorporated in the State of California as an LLC. I'm a one-man operation. I'm working as an IT Asset Management Consultant for a client in San Francisco, but that's just for some background. I just need y'alls thoughts with regards to the various small business accounting applications available. I'm looking at Quicken and QuickBooks mainly because they "talk" to TurboTax with relative ease. I just need to be able to keep track of the single-source of income (weekly checks from my sourcing firm), pre-tax business deductions, federal/state taxes & deductions, etc. I could very easily do it in Excel, but I intend to only use my Excel files as a back-up stored externally from my other laptop.

Thanks.

 

[Smitty]

I've use Quicken Home & Business for years and it works fine. The biggest difference between it and QuickBooks from a small business perspective is that QB supports Accrual basis accounting, which the IRS requires if you want to write off bad debt. Otherwise with Quicken you use Cash based accounting and can't write off bad debt.