I've heard people talking about using Quickbooks or other bookkeeping software, and I'm unclear why. I'm running a business in Israel, and we have an accountant and bookkeeper. Once a month we send all receipts/invoices to the bookkeeper, who deals with everything. I get reports a few weeks later. I never have to touch any software.
Is this not standard practice in the U.S.? It seems many people talk about using Quickbooks.
Alternatively, am I missing something by not doing the books myself? In general, I still have some issues in understanding the finer points of our finances, and I'm still looking for ways to get better insight into our cashflow, revenue, etc.
Is this not standard practice in the U.S.? It seems many people talk about using Quickbooks.
Alternatively, am I missing something by not doing the books myself? In general, I still have some issues in understanding the finer points of our finances, and I'm still looking for ways to get better insight into our cashflow, revenue, etc.