The various flavors of bookkeeping software available in the market are sufficient to keep the average accountant's head spinning in glee or glum. This community of professionals originated from a paper-based world of ledgers and multi-copied documents in vibrant colors. The thought of parting with the image of an eraser-tipped pencil tucked behind one's ear brings chills down one's spine as computers threaten to take over from paper to processor.
Fortunately, some kind souls have designed applications which are friendly to the average bookkeeper. Maintaining semblance to the practice of single entry bookkeeping versus doubly entry, these tools help the professional maintain his or her sanity as records are punched into the system. As more and more businesses pop up like mushrooms after the rain, the practice is not solely confined to the accounting community. Business owners also need to learn the ropes in keeping track of their financial transactions. Since these individuals attempt to wear multiple hats for the sake of keeping costs low, the terminology often defies many as credits and debits never fail to stymie the cleverest of the lot. Hence, idiot-proof bookkeeping software is designed to be intuitive to weed out possible errors in misinterpretation and data entry. Single entry bookkeeping keeps things simple and saves the grey cells from having to distinguish between an income and an expense, a credit and a debit.
In line with lowering business expenses, some lines of software come free of charge. Although their licensing structure is generally limited to a single user, it suffices the needs of most small business owners. Features and functionalities cover the basics, with payable versions offering advanced features. This is usually carried out as an option for upgrade. If one is concerned with technical support and assistance, it is best to check out the internet grapevine for recommendations of free bookkeeping software.
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