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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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[–] cryptocommie81@alien.top 1 points 1 year 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.