Which accounting software to use for small business/1099?

Feb 24, 2009 11:40

Hey gang, I need some help deciding which software to use to keep track of income and outgoing monthly expenses for my business and I'm on a Mac. As for project tracking and invoicing, I think I will stick to Billings as others suggested. Now, I need to track the actual inflow and outflow of the business account. Monthly expenses would be health insurance, automatic IRA contributions, moving money to business savings for estimated taxes, etc. I don't feel like tangling in Excel for this before anyone asks. I'd rather have software that will do it right and will reduce my management time along with being easy to hand off to my accountant next February, you know?

Which of these do you use, why, do you love or hate it? To which program would you switch if you could do it all over again? I know that MYOB is the preferred option by a lot of people but I've been reading bad reviews of it lately. Accounted seems to be more intuitive but am not sure. Who uses iBank to do business accounting and how do you set that up? TinyBooks seems to have an absurdly dated interface.

Accounted - $69.95 http://www.oranged.net/accounted/
MYOB First Edge - $99 http://www.myob-us.com/firstedge/
EasyMoney - $20 http://www.ttpsoftware.com/Products/easymoney.html
iBank - $59.99 http://www.iggsoftware.com/ibank/
TinyBooks - $49 http://www.winograd.com/ftinybooks.html
Money - $39 http://www.jumsoft.com/money/

Thanks a bunch all.

freelance, business, organization, finances

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