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Easy small business bookkeeping

By Becky McCray

Time to get your business finances under control. I recommend you do it the easy way: make the computers do most of the work.

I’ve long been a fan of Outright. It asks you to track only the minimum of detail required to do your income taxes. (As a sole proprietor, that’s a Schedule C.) Outright will pull transactions straight from your online banking.

End of year tip: if you can find a way to export your whole year of transaction data from your online banking, Outright will import it. Then next year, it can pull data automatically throughout the year.

Since you didn’t have to type in all your transactions, you can breathe a sigh of relief and classify them into the basic categories Outright provides.

Outright can do much more, but it is the basics you need to focus on at first. Get things in order. It makes a huge difference in every facet of your business.

I recently learned about Wave Accounting. It looks good, too, though I haven’t met their people or used their system yet.

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About Becky McCray

Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.
  • Downtown is your town’s core: How to make your case - February 22, 2021
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  • In an economic crisis, spend your brainpower before your dollars - November 25, 2020
  • Video: How to fill empty car dealership buildings for the holidays - November 6, 2020
  • How has 2020 changed the challenges rural small towns face? Tell us here - October 20, 2020
  • The Idea Friendly Method to surviving a business crisis - October 6, 2020
  • Join me for the Rural Renewal Symposium online Oct 13 - September 26, 2020
  • Cheap placemaking idea: instant murals - September 11, 2020
  • Refilling the rural business pipeline - July 7, 2020
  • Huge vacant buildings: grants to renovate? - June 9, 2020

December 28, 2010 Filed Under: entrepreneurship, finance, organization, tax matters, tools

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Comments

  1. Jennifer Escalona @ Outright says

    December 29, 2010 at 10:48 pm

    Thanks, Becky! We are thrilled you gave us a shout out! Will you make it out to SXSW again next year? Looking forward to seeing you!

  2. Becky McCray says

    December 30, 2010 at 2:24 am

    Jennifer, thanks for dropping by. I will be at SXSW, and hope to catch up with you, too.

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