3/15/2023 0 Comments Moneyworks gold 7 double entry![]() ![]() I still had a bad taste in my mouth about QuickBooks, so I looked for other Windows applications. I considered just using Windows XP on my ThinkPad X30, and put up with having key business information on a secondary computer. So I looked around for other accounting packages. Actually, given recent events I probably dodged a bullet in not getting QuickBooks. Turns out that QuickBooks for Mac used to be MYOB, which they bought and then discontinued in Canada. Since I'm not doing payroll, automatic bank reconciliation, or even printing cheques, I figured it wouldn't be a problem for me - but it wouldn't let me actually finish the purchase. I went to their site and tried to download their Mac version and only after I completed the entire purchase process and gave them my credit card info did they give me a big warning that QuickBooks for OS X doesn't support Canada. I had a demo of an older version on my PowerBook that I tried and it seemed okay. The default choice seems to be Intuit's QuickBooks. However, a real company has extra financial requirements, and while it would be an interesting exercise to set up a complete double-entry bookkeeping and accounting system in Rails, I have much better things to do with my time. When learning a new language, the first thing I often do is build an invoicing or expense tracking application to get the hang of it. I've been a Sole Proprietor for about a decade now, and have always had to keep track of my income and expenses in one way or another. If you don't know where your money is and can't read financial reports about your own company then what are you doing in business anyhow? At the start of a company, there aren't that many transactions, so it's a good time to figure things out and make sure you know what's going on. ![]() Money is like blood for a company, and keeping on top of the money flows is like taking your pulse. It's actually a good idea to do your own bookkeeping while you're getting started - while legal issues like incorporation are occasional, accounting is always there. ![]() Similarly, I'm trying to do all of the business bookkeeping myself. I did temporary graphics and website layouts at least for starting so I knew what I wanted when talking to designers. I didn't do my own legal documents, but I did read several 'do-it-yourself incorporation' guides so that I knew what was going on when I actually met with lawyers. When starting a single-person company, it's a good idea to try handling everything yourself - at least at the beginning. ![]()
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