Accounting software was never meant for business owners or self employed folk. They were made to simplify the job of an accountant. So if you are finding it hard to comprehend and use, do not worry. A small business owner or a freelancer knows the frustration of learning accounting software without any prior knowledge more than any other group of people. This is because they want to save on the costs of hiring a bookkeeper. Ideally they try and do everything they can by themselves and hire only when they really have to. This policy has worked remarkably well for them and hence they apply the same thing to basic accounts and bookkeeping.
How well does it work?
Surprisingly, it is a failure in most cases. This is because accounting software is only easy to learn in theory. To operate it with ease, one has to be familiar with basics of accounts. Now although several places advertise that you can pick it up in weeks; it is not all that easy. Several of these business owners and self employed folk don't have the time and patience to dedicate to learning this. Therefore it is of no surprise that they drop out of the classes.
So how to do they manage their books?
Either the books are neglected or, attempts are made to take care of it from the knowledge acquired during class. It is mostly neglected midway till the accountant is called. Now the accountant has the additional job of cleaning up the bookkeeping before they can get to the accounting tasks. This invariably costs the business person more. So you can see that they aren't exactly doing the best job of managing.
Self employed accounting software is what they need
This is the only way a non accountant can effectively manage bookkeeping. Software that is designed for a layman without all the complicated procedures and jargon is ideal. You may wonder if such software exists, but it actually does. One such software is Handdy Accounts, the free self employed accounting software. This was initially launched in the UK, but after much success, it is launched worldwide. It is completely jargon free and incredibly easy to use. In addition to this, they also provide reports which otherwise has to be done manually.
Truly, the ultimate self employed bookkeeping software it is. With this in place, business owners and the self employed can actually manage their books without the help of a bookkeeper.
How well does it work?
Surprisingly, it is a failure in most cases. This is because accounting software is only easy to learn in theory. To operate it with ease, one has to be familiar with basics of accounts. Now although several places advertise that you can pick it up in weeks; it is not all that easy. Several of these business owners and self employed folk don't have the time and patience to dedicate to learning this. Therefore it is of no surprise that they drop out of the classes.
So how to do they manage their books?
Either the books are neglected or, attempts are made to take care of it from the knowledge acquired during class. It is mostly neglected midway till the accountant is called. Now the accountant has the additional job of cleaning up the bookkeeping before they can get to the accounting tasks. This invariably costs the business person more. So you can see that they aren't exactly doing the best job of managing.
Self employed accounting software is what they need
This is the only way a non accountant can effectively manage bookkeeping. Software that is designed for a layman without all the complicated procedures and jargon is ideal. You may wonder if such software exists, but it actually does. One such software is Handdy Accounts, the free self employed accounting software. This was initially launched in the UK, but after much success, it is launched worldwide. It is completely jargon free and incredibly easy to use. In addition to this, they also provide reports which otherwise has to be done manually.
Truly, the ultimate self employed bookkeeping software it is. With this in place, business owners and the self employed can actually manage their books without the help of a bookkeeper.
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