I have been asked by clients many times, how should I record my transactions. There are many accounting software programs available with their own unique characteristics. The answer I usually give is whatever you, the client, are most comfortable working with. If you love Excel, then letโs work with that. If you want to use accounting software, we can examine which would best suit your needs.
The long and short of this is, they are your books. It is your company, and the financial statements are representing how your business is operating. As your consultant, bookkeeper and/or accountant, I am here to assist you. I can guide you through the process and help ensure that whichever method we adopt, you are getting reliable, accurate information to make well-informed decisions about your business.