Accounting software should only be used to check what you have done. Keeping books, making copies of books, safekeeping your records, and understanding the accounting process helps. Software will not know the rate of depreciation, what can be considered a write off, a loss, a decision to move, or a decision to change methods.
I'm starting a small graphic design business and I'm curious to see what accounting software I should be using to help maintain my books. I'm not very good with finance so I need some help.
My friend recommended that I use Quickbooks and Profitcents. Quickbooks for the actual account management and Profitcents for the automated financial analysis - I guess they work together.
Does anyone have any recommendations or ideas?