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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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[–] wonkycalves@alien.top 1 points 1 year ago

As an accountant that runs his own practice, I can confirm QuickBooks is utter trash, Xero is a million times better for SMEs.

I’d have a local bookkeeper that understands your local taxes. I’m sorry but 99% of offshore bookkeepers say they know your tax system but they don’t. Pick someone that lives it the same way you do.

Some people have said the had a CFO that did the bookkeeping for them as well. That’s mental if you’re paying them by the hour. Utilise their time for strategic advice, not bank recs!