Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 10 months ago

MODERATORS

communick@indiehackers.space

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

submitted 10 months ago by conor04045161@alien.top to c/entrepreneur@indiehackers.space

66 comments fedilink hide all child comments

Curious how small sized businesses are doing it?

Is quickbooks good enough?

you are viewing a single comment's thread
view the rest of the comments

[–] cryptocommie81@alien.top 1 points 10 months ago

dependds on your business model. I have a part time accountant and hiring a full time accounting clerk in the Philippines - unfortunately due to heavy competition in the USA and tight margins for service businesses, I think most small businesses cannot afford things like bookkeeping and HR internally until they grow to 5 mil and above revenue. Also regarding QuickBooks - you need that plus plenty of custom reports in excel etc to present data the way you need to.