In every business, in order to keep growing and be successful, we have to record accounting activities effectively, the money coming in and out according to date on daily basis on book called cash book. Cash book serve the purpose of both journal and ledger. Thus, the daily cash balance are easy to access and determine. If there’s any mistakes, it can be detected easily since entries are being updated and balance is verified daily. Traditional way of cash book recording is no longer fast enough to catch up with our fast-paced society. Business owner or starts up now more likely to start looking for small business accounting software to help them in being efficient.
You can always search access database templates on access-templates.com for accounting software for small business and personal ones too if you want to keep a record of your personal financial management or maybe for your new start up company.
Let’s check out our free personal accounting software for small business and what it can do. If you are interested, free small business accounting software download is available for you and you’ll discover how easy it is to use!
Below, we will go through the tutorial for ‘Sporting Club Cashbook’. There are 3 menu that we will be discussing on, they are : ‘Accounts’, ‘ Transactions’ and ‘Reports’.
As a business owner, you might have figured out there are 5 main types of accounts used in accounting. They are Assets, Liability, Expenses, Equity and Income. Under this category, everything has been set for you. Below we have 4 screenshots that shows just that, you’ll notice that on the #2 screenshot shows both liabilities and expenses in one.
Under transaction categories, is where you would record all your details of money coming in and out. Start by input the date, amount, description, accounting mapping and comments if you would like to make a notes that you may find useful. Please see below picture for example:
This financial tool also includes a Report menu where you can easily pull out all the recorded data. Before viewing the statement, you would need to key in the tax percentage for your local tax and the start and end date that you would like to see on the report. When it’s done, click on the ‘View Statements’ button.
In no time, the Microsoft access will open the preview report just like below picture. The report gives you the general idea of you revenue, cost of sales, operation expenses, profit, assets, liabilities and equity.
Small business accounting software freeware is a great tool for financial management at no cost. Microsoft small business accounting software could be one of the best free accounting software out there. If there’s a need for managing your own finances, we offer personal bookkeeping software. Visit our link and see the list of accounting software that is right for your.
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