This Web site contains a compilation of more than a thousand consumer finance
columns written by Tony Novak from the 1980s through 2006, updated and reformatted for
maximum usefulness today. New material was added after
2010.
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Accounting for a Web-based retailer
originally posted: 8/24/2006
revised: 12/17/2010
Q:
I need a better accounting system for my retail business. Do you recommend QuickBooks and if so what version would be best for me?
A:
QuickBooks has about 85% market share in the small business retail area, so this is the obvious
first choice. Based on your comments the regular and least expensive "Pro" version will
be fine. The retail price is $199 but there is a $40 discount if purchased through
a ProAdviser. Keep in mind that QuickBooks does not include an inventory
management program, so you may need to address that separately.
Small businesses without employees may also wish to
consider the easier Quicken for Business software.
More resources:
