I did Accounting in school using Excel and have stuck with it to maintain my businesses accounting records. I'm pretty old school (I like having everything in front of me - not relying on some program which doesn't give full control or is buggy). I've used both MYOB and QuickBooks, and really, way over the top for what I need. They ship with an encyclopedia of instructions... quicker for me to keep doing it by hand than learn it all . All I need is something that is similar to Excel in that I enter all my transactions and invoices, however has the automated process of doing: - Profit & Loss - Outstanding Invoices - and any other useful reports, such as breakdowns of clients and how much $$$ from each over the year, breakdown of expenses and how much I've spent on them. Anyone know good, reliable accounting software that does this?
The 3 thing you list down is pretty common feature integrated into the nowsday accounting software. Now my biz is using coda software and it have help me save few hour of accounting job/day
I have good experience with Sage Accounting, but I would give also a try to some open source software
I also use Excel for my accounts as anything else is really overkill for the number of transactions I have. I have integrated all elements into one workbook that is quite automated really. I am sure there are similar off the shelf excel templates about. I have used Sage and it is relatively simple when you get used to it, though it contains a lot of 'accountancy speak' that is not suitable for some people.