Someone asked me this recently, and I have to say that QuickBooks is my favorite accounting software for most small businesses, including eBay sellers. Here’s why…
- QuickBooks is one of the easiest programs to learn
- You can download data from eBay to QB using the Accounting Assistant
- As a tax preparer, I love it when my clients give me a QB file instead of a whole bunch of receipts or notes that I can’t decipher.
The initial cost is approximately $200 for QuickBooks Pro 2007 Small Business Financial Software
I know it’s an expense for new businesses, but it’s definitely worth it to have instant access to your financial position and you will probably recoup the cost when it’s time to prepare your taxes, in the form of lower fees (the more organized your tax documents are the less time it takes to prepare your tax return) and more deductions (it’s very easy to miss deductions when you don’t keep good books – if you have a good bookkeeping system in place, you’re more likely to get all of the deductions & credits you are entitled to).
For more great eBay tax tips, please read our free special report, Tax Tips for eBay Sellers.
Tags: ebay accounting, ebay tax, accounting software, quickbooks
