Even though it’s official name is now Reckon…it will always be QuickBooks to me…a bit like a PAYG Payment Summary will always be a Group Certificate (but that’s another story)!
QuickBooks is one of my all time favourite accounting programs to use with clients. It’s simple enough to learn and easy enough for an accountant to amend transactions when required. It also utilises a good ‘ole double entry accounting system…sorry for the geek talk…!?
The QuickBooks/Reckon family includes a whole suite of products so you are bound to find something that suits your needs.
But that’s not to say I think it’s the only good program out there…because that is simply not the case!
MYOB has been another favourite of mine, but usually only recommended for clients who have a more substantial understanding of bookkeeping processes and procedures – in fact I was lucky enough to teach a group of Diploma of Accounting students at the local TAFE late last year in “Computerised Accounting”…the program was MYOB…I hope they’ve been able to put their new skills to good use!
And of course the buzz name at the moment is Xero – I’ve been doing some research and it looks like a great tool also – fully integrated including payroll, and in the cloud – it could be a winner…but more on that in a later post.
Whatever record keeping system you use, please make sure you take the time to learn it properly, and understand the impact of processing transactions.
If you are unsure, contact your Accountant…or Our Partner for a consultation.