Plus, spreadsheets are common tools with which most people already have some experience, so you won’t need to spend much time learning how to use them for bookkeeping. Because most Microsoft Office packages include Microsoft Excel as standard, and Google Sheets are free to any person with a Google account, it likely won’t cost your business any extra money-and you won’t need to commit to an additional contract. When you’re just starting a business, using Excel spreadsheets to build your bookkeeping system can seem appealing. Why A Complete Excel Bookkeeping System Isn’t The Right Choice Could your business benefit from expert bookkeeping support? Click here to book a demo with Zeni. Read on to learn how Excel bookkeeping measures up against accounting software and which tasks it does make sense to manage with spreadsheets. While Excel is useful for some specific bookkeeping tasks, we strongly recommend against building an entire bookkeeping system in Excel: It won’t provide your business with a good foundation to scale, and you’ll likely find that this method causes more problems than it solves. If you’re thinking about using Excel for your company bookkeeping, there are a few things to know.
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