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After building and using my own bookkeeping solution for my small business, one of the main takeaways for me before and after I built it was that bookkeeping so
by rambambram 3y ago
After building and using my own bookkeeping solution for my small business, one of the main takeaways for me before and after I built it was that bookkeeping software is only useful once you know the bookkeeping rules. Whatever software solution you use - whether that's some webapp, an Excel sheet, or some homegrown solution - you always need to know these rules. Even the simple rules for a small business take some time and understanding to get a grip on. I haven't seen bookkeeping software that is plug-and-play, so without knowing these rules as a user, if that's even possible!?
Knowing this for my own situation made me decide to opt for a homegrown software solution, because I had to learn these rules anyway. I felt more capable in my programming language of choice than in Excel, and I didn't want to pay for a SaaS solution, let alone learn another interface.
- hedgehog0 3y agoAny any suggestions or recommendations for learning these rules? Either for future business or current personal finance management?
- rambambram 3y agoStart reading up on 'double entry' bookkeeping. Soon enough you will read about certain constructs and try these as a tutorial on your own financial situation. That's how I did it. Because of the 'double entry' you can find out soon enough when you're making mistakes, and then 'bugfixing' these mistakes makes you learn quick enough. Well, this is how I did it.
- deleted 3y ago[deleted]