~*~ SMF August 2017 Challenge - Rock and Gem Soaps! ~*~
~ Last Look At July Photo Entries~

Soap Making Forum > Soapmaking & Candle Business Forum > General Business Forum > Accounting Software Woes!
Reply
 
Thread Tools
Old 03-17-2017, 04:50 PM   #1
cthylla
 
cthylla's Avatar
 
Join Date: Mar 2011
Location: Bucks County, PA
Posts: 140
Liked 14 Times on 5 Posts
Likes Given: 1

Default Accounting Software Woes!

Hello! The threads about accounting software that I searched are rather old, so I was curious if there are any new thoughts out there.

I have an online store through Shopify- and that basically handles how I know what to pay for tax. I am trying to use Quickbooks, but it MAKES ME CRAZY. The "chart of accounts" screen actually induces panic attacks.

I also have Soapmaker 3, but I am not great about keeping that up to date with expenses other than raw materials. (And honestly I am not great about updating that, either.)

I don't want to see liability screens, undeposited funds, or any of the other crazy Quickbooks screens that may make sense to an accountant but make me want to claw out my own eyeballs.

I need a very, very simplified screen. (Bonus points for toddler-esque pastel blocks and flowers and stuff.)

All I want is to simply:
-track income (connecting my business checking account)
-track expenses (materials, travel, supplies, equipment, etc... ideally connect the credit card I use for business)
-track charitable donations made (I do several charity sales events)
-possible employee functionality (I will need that soon!)

Can anyone make some suggestions? I am also looking at Freshbooks, but that looks more suited to being a freelancer and needing to invoice. Shopify invoices for me in the rare occasion that I need it.

Thank you!!


cthylla is offline  
Susie Likes This 
Reply With Quote
Old 03-17-2017, 05:18 PM   #2
cmzaha
Supporting Member
SOAP_SUPPORTER.png
 
Join Date: Sep 2011
Location: Southern California
Posts: 6,149
Liked 4588 Times on 2694 Posts
Likes Given: 988

Default

Depending on how big your sales are, you could get away with a simple spread sheet listing supplies, sales, tax etc. For a simple home based business you do not really need complicated books. Just list your receipts for supplies, noting what it is for and your sales with tax listed separately. Depending where you live and sell you may have to break sales tax down by county. In my 30+ years of having my beauty shop I did all my books in a spreadsheet. I had no employees so no payroll, no corporate tax etc


__________________

cmzaha
No kids in the soaping area
cmzaha is offline  
GeezLouise Likes This 
Reply With Quote
Old 03-17-2017, 05:25 PM   #3
cthylla
 
cthylla's Avatar
 
Join Date: Mar 2011
Location: Bucks County, PA
Posts: 140
Liked 14 Times on 5 Posts
Likes Given: 1

Default

Quote:
Originally Posted by cmzaha View Post
Depending on how big your sales are, you could get away with a simple spread sheet listing supplies, sales, tax etc. For a simple home based business you do not really need complicated books. Just list your receipts for supplies, noting what it is for and your sales with tax listed separately. Depending where you live and sell you may have to break sales tax down by county. In my 30+ years of having my beauty shop I did all my books in a spreadsheet. I had no employees so no payroll, no corporate tax etc
Thank you!! It's too bad I am not numbers-minded.... looks like we have a glaring opening for some new accounting software!
cthylla is offline  
 
Reply With Quote
Old 03-17-2017, 06:09 PM   #4
cmzaha
Supporting Member
SOAP_SUPPORTER.png
 
Join Date: Sep 2011
Location: Southern California
Posts: 6,149
Liked 4588 Times on 2694 Posts
Likes Given: 988

Default

Quote:
Originally Posted by cthylla View Post
Thank you!! It's too bad I am not numbers-minded.... looks like we have a glaring opening for some new accounting software!
I personally do not want any such records on my computer!! When we had our large incorporated manufacturing company with employees there was no choice but have a full accounting system, but with my tiny soap business I have choices. Online sales systems and cc processing systems, both have capabilities of printing reports.
__________________

cmzaha
No kids in the soaping area
cmzaha is offline  
GeezLouise Likes This 
Reply With Quote
Old 03-21-2017, 09:25 AM   #5
dillsandwitch
 
dillsandwitch's Avatar
 
Join Date: Jul 2014
Location: Maitland, NSW, AUSTRALIA
Posts: 518
Liked 307 Times on 189 Posts
Likes Given: 27

Default

I'm not 100% familiar with how quickbooks works but dont most packages allow you to customize your chart of accounts? You mentioned you dont want to see any liabilities on there but technically your credit card is one.

I would say just delete any accounts or re-name accounts as needed and keep it simple.

Once you need to look at paying employees and such then add in an expense account for wages and you'll need a liability account for superannuation payable and income tax payable etc.

Hope that helps


dillsandwitch is offline  
 
Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
accounting software houseofwool General Business Forum 1 10-15-2014 12:48 AM
Accounting for EOs in a recipe NittyGritty Beginners Soap Making Forum 13 08-10-2014 08:47 PM
Accounting online? SugarandOats Member's Websites 7 02-03-2014 08:17 PM
Water woes (or maybe it's math woes) AmyW Lye-Based Soap Forum 8 01-15-2011 01:14 AM
Setting up accounting system Seņora_Soap General Business Forum 7 12-21-2008 04:37 PM



Newest Threads