Your bookkeeping system can be a simple cash book which is easy
to set up in software like Excel or OpenOffice. If you own a computer
then the chances are you already have Excel. If you do not have Excel
you can download OpenOffice. It's free and is an excellent spreadsheet
What constitutes a small business with few
transactions? One example is a rental property owner with a handful of
houses or less who needs to record things like:-
Rental payments received
Repairs and maintenance expenses
General Ledger Accounting Software
If you know anything about the double entry bookkeeping system and debits and credits then you may like to try a general ledger program.
General ledger accounting software makes it obvious that you are using a
double entry method because you have to enter the debits and credits
It is an excellent way to learn the double entry system.
Standard bookkeeping software programs use the double entry system but
because it operates as part of the 'background' calculations many bookkeepers and administrators do not know it's there or even
what double entry bookkeeping is even though they use it every day!