Bookkeeping 101--The Ultimate Guide

Being able to track your company's finances, keep an eye on cash flow, and be prepared for taxes are all critical to the success of any small business. However, using QuickBooks® or Excel spreadsheets for handling your bookkeeping and accounting isn't ideal for managing finances and driving business insights for the future.

Bookkeeping is the process of recording financial activities consistently. Bookkeeping software is accounting software that allows you to manage your financial activities in a single digital location. It also helps you keep track of the books, accounts and other essential information about your business.

The best bookkeeping software will allow small businesses to do everything they need to run their business without hiring an accountant or paying someone else to do it. You should be able to access your data anywhere at any time.