If you’re self employed, you may be interested in using a self-employed bookkeeping spreadsheet, or SMART data entry software. Both are excellent alternatives to a standard bookkeeping software program, but there are some key differences between the two.
Traditional business programs are generally more expensive, while self-employed bookkeeping spreadsheets are more flexible and less expensive. However, some applications can have hidden costs, which may make them less cost-effective than their more traditional competitors. In addition, depending on your specific needs, one may have better financial tools than the other.
When self-employed, one’s resources may be limited, so one must select their most effective tools for the task at hand. Traditional business applications are generally more effective in accomplishing basic bookkeeping tasks, such as writing a balanced budget and filing taxes. This is because these applications are extremely easy to use and contain basic functions that many busy people simply do not have time to learn. Self employed people usually have very little free time, so these applications are not likely to be the best option.
But once financial management has been learned, it can be incredibly effective. Applications that meet the criteria of the Self Employed Bookkeeping Spreadsheet definition are the most flexible, with access to all of the same financial information as professional financial management systems, without the costs and complicated maintenance issues.
The flexibility of self-employed bookkeeping spreadsheets is important, because of the time it will take to learn and become proficient with the tools. Most applications include tutorials, online help, and calculators, which help even the newest self employed bookkeepers master the basics quickly and efficiently.
Financial management software is useful because it can make accounting easier, because it includes complex calculations, and because it lets the business owner takes control of all of the finances. With the right tools, financial management can be done in the office, at any time, with the least amount of input required from the business owner.
The right tools for financial management include modules for tax filing, bookkeeping, and balance sheet creation. Many software applications offer all of these and only require minimal supervision to complete. Some of the SMART data entry applications also allow the user to make simple adjustments to the financial data.
Self employed bookkeeping spreadsheets may be the best choice for the small business owner who wants to be efficient but doesn’t want to spend hundreds of dollars on an accounting program. While both programs are easy to use, the SMART data entry application is the better choice for a small business owner. The flexibility and ease of use of self-employed bookkeeping spreadsheets make them a great choice for anyone, no matter how busy they may be.