If you run a business of your own, you will find a computer based system of tracking your accounting activity to likely be indispensable-
certainly!
I once used to design and program custom accounting systems for small and even larger sized businesses and I can tell you
that the business has much changed over the years in that software has become quite cheap in fact! And with windows based
functionality on your inexpensive computer hardware (prices have come down tremendously I can tell you!), you can do for yourself with
very little investment indeed - relatively speaking. I especially designed great software for retailers and wholesalers needing point of sale
and or order entry systems that were integrated with their General Ledger, Accounts receivable, Accounts Payable and Inventory Control
systems too - most of all! On the other hand, simply having a timely "Income statement" (click on link for a sample of the report - also
known as a P & L or Profit and Loss Statement) and a similarly informative "Balance sheet" is what most have always sought and have
often had to wait too long for, and paid invariably too much for - given the use of "outside accountants" rather than internal resources in the
way of a simple computerized bookkeeping system, which they can maintain on their own and get information from "on the fly" and as
often and quickly as needed instead.
