Alternative For Quicken

JayS_3 · 19 February 2005 at 8:25PM

Can anyone advise on an alternative for Quicken, for a new start-up business, for online record keeping etc?

Has anyone any experience with MyBusiness?

Thanks for any help.

Jay

Savvy_Sue · 20 February 2005 at 1:55AM

JayS wrote:

Can anyone advise on an alternative for Quicken, for a new start-up business, for online record keeping etc?

Has anyone any experience with MyBusiness?

Do you mean 'online' - which I understand to mean remotely, on some website somewhere - or do you just mean on a computer, locally?

If the latter, you may find you can do a lot of what you want with Excel or similar. Certainly the basics of reconciliation, analysing spend, whatever you call that thing where you predict how much money you'll have if x, y and z happen (sorry my vocabulary has just left my brain ...)

Sorry I don't have experience of MyBusiness. But if you want to see what I used to do with Excel pm me your email address and I'll send a file - I kept the books for an out of school club using nothing more than Excel.

bridiej · 20 February 2005 at 11:24AM

I use Excel too, it's perfectly adequate for small business needs and doesnt involve expensive software or update contracts.

JayS_3 · 20 February 2005 at 1:28PM

Thank you, we're off to look at Excel.

Jay

Justin_Credit · 20 February 2005 at 5:47PM

I use Excel too, it's excellent for a small business so long as you know a little about using spreadsheets.

I devised my workbook from one of the proprietry accounts books that can be obtained at any stationers. This was then adapted to suit my usage. I used to use these books in the days before I had a PC.

Perhaps we should start an "Excel Book-keeping" thread to compare notes.

Regards JC

bridiej · 20 February 2005 at 6:11PM

Sounds like a good idea Justin

JayneH_3 · 22 February 2005 at 7:16PM

Dont forget that if you do use excel spreadsheets, you should make sure you are using a "double entry" system. The software accounting packages are all double entry, which should mean less chance of mistakes when it comes to reconciling your bank account, VAT account PAYE etc. monthly, quarterly at the year end or whatever.
Excel is good, so long as you are disciplined. If not, you can end up spending more money at the accountants than you would have done by purchasing an inexpensive software package in the first place.

JayS_3 · 22 February 2005 at 7:41PM

Thanks for all your advice about this. My husband, who orginally asked the question, has managed to get a copy of the trial version of Quicken and when he phoned Quicken to ask what would happen when they stop supporting it later this year, they promised to send him a full version with indefinate entry.

Result!

JayS

Alternative For Quicken

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free