Quote:
Originally Posted by Light Currents
Agree, but with a slight money-saving twist: QuickBooks. My mother is a CPA and even she is the first to admit QB is so simple anybody can use it for the daily stuff.
HOWEVER, at the end of the year, without a doubt, everything goes to an accountant before it goes to the IRS.
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Having an accountant doesn't mean they should do all the bookkeeping. On the contrary, that's just too expensive.
Accountants should be advisors and tax preparers, as well as a "go to" resource for special projects like new financing. They should be seen a few times a year, though, and not just at tax time.
Quickbooks is nice but might be overkill for a lot of home-based photographers. Quicken has a new version called Home & Business that tracks business expenses and separate business accounts like a "Quickbooks Lite". Great compromise and nicely combines with the home finances.