An Excellent Basic Bookkeeping Software

All businesses, whether large corporations or a small firms, make a lot of financial transactions. Each company needs to keep track of the flow of money. The responsibility of documenting, tracking and monitoring these transactions goes to the bookkeeper.

Bookkeeping is the recording of all the financial transactions performed and done by a company.  In bookkeeping, certain people, called bookkeepers, keep records of what the firm has sold, bought, owed and owned. Monitoring the company’s flow of money is quite a daunting task that requires accuracy.

A few decades back, bookkeeping was done by using a paper ledger and a pen, or a pencil. However, the increasing complexity of tax regulations, the increasing likelihood of committing calculation errors, and the need for efficient office organization demands a faster and more efficient means of bookkeeping. In this age of computers, bookkeepers need special bookkeeping software.

While large corporations may need complex systems, small scale businesses only need basic bookkeeping software. The most important thing is that the software should have a good spreadsheet. Microsoft Excel is a perfect example of basic bookkeeping software.

Affordable Bookkeeping Software

Another basic bookkeeping software in use is OWL’s Basic Bookkeeping or BBK. This affordable program makes bookkeeping quick and easy.

Unlike other complex double-entry systems, this basic bookkeeping software uses single-entry system, which is much more suitable to smaller businesses and sole proprietorships. Those who are familiar with Dome books would also be familiar with BBK.

The greatest advantage of BKK is that it is very simple to use. BKK’s comprehensive reports are clear, concise, and designed to fully organize accounts, from income and expenses information to support analysis of business analysis. The program can also aid in preparation of tax computations.

Another great thing about this basic bookkeeping software is that BKK allows the user to customize their data entries. This is possible through the use of custom data folders, with each folder containing information for a single account, business or division. Generated reports can be obtained from single or in any combination of folders.

BBK is also linked to OWL’s Simple Business Invoicing and Inventory management system or (SBII). This combination allows the bookkeeper or the owner to quickly and accurately track sales, customers, receivables and inventory. This combination of programs provides the small business owner the perfect business management solution.

BKK needs a few simple requirements to operate. The program is compatible with Windows 95 and above. It needs a hard disk with 1.6 Mb of space available. It also needs 8 Mb of memory.