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How are you doing bookkeeping if you are 1-5 mil annual revenue? (alien.top)

submitted 1 year ago by conor04045161@alien.top to c/entrepreneur@indiehackers.space

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Curious how small sized businesses are doing it?

Is quickbooks good enough?

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[–] 7107Labs@alien.top 1 points 1 year ago

Accountant here. I have been mostly using Xero over the past few years. Quickbooks on line is really at par with Xero so choosing one over the over is mostly dependent on where you are located. Most US small companies will go with Quickbooks, rest of the world with Xero (not entirely true but I just simplify).
The multi-currency version of Xero has a critical issue though so I would not recommend it if you need to deal with bank accounts in different currencies.
If you are looking for something free, Manager is a decent software that does the job.