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Introduction

For many, the bane of owning a small business is the necessity of dealing with accounting issues. When your skill is in providing services or producing inventory, finding the time or inclination to set up and maintain a bookkeeping system is difficult. And yet, it is only with a quality bookkeeping system that you will know how much money your company is making and thus how successful you are. Many years ago, Intuit came to the rescue of many small business owners with its QuickBooks software, a bookkeeping program that is so sophisticated it provides all the record keeping and reporting opportunities you need to keep abreast of your company's progress while simultaneously being so easy to use that someone with little or no accounting background can start using the program right out of the box.

For many, the biggest hurdle of using QuickBooks is the initial setup process. The reward is that after the setup has been completed, you never have to do it again. Although it's not a difficult process, the setup can be tedious and—depending on factors such as the number of accounts your company uses, the quantity of customers and vendors with whom you do business, and the number of people you employ—the process can be very time-consuming. Don't feel you have to complete the setup all at once. Assign yourself tasks and check off each item as it is accomplished. When the setup process is finished, you'll have a program in place that will stay with you for the foreseeable future, and your company's record keeping needs will be greatly simplified.


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