Do I need book keeping software?

Discussion in 'General Business' started by TheHostingPalace, Mar 5, 2009.

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  1. #1
    I do most of my business transactions through PayPal (yay?) and for the end of the year taxes should I get quickbooks to make it easier? Or is PayPal all I need?

    I have invoices etc linked from WHMCS to paypal so paypal has EVERYTHING business wise... So I really don't know.
     
    TheHostingPalace, Mar 5, 2009 IP
  2. thefandango

    thefandango Active Member

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    #2
    Just make sure you download a monthly csv file from paypal and import it into an excel spreadsheet. Then at the end of the year just use excel to sort the transactions by tyupe and total each group - easy.
     
    thefandango, Mar 5, 2009 IP
  3. TheHostingPalace

    TheHostingPalace Peon

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    #3
    Thanks for the tip! does it have to be monthly or does pauypal keep a log of X amount of months back?
     
    TheHostingPalace, Mar 5, 2009 IP
  4. mentos

    mentos Prominent Member

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    #4
    Paypal have the whole transaction of your account.
    You can view it under the history and select the date to start.
     
    mentos, Mar 5, 2009 IP