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What would I need for a general ledger for a sole proprietership?
I'm trying to make up an excel template/spreadsheet for a friend who's going to be renting a stall in a hair salon and running her own show. She is getting her business license as a sole proprietership.
She won't be selling product, essentially just collecting labor and spending money for supplies and also her paycheck!
How would I go about laying this out so it'll be easy to do quick entry in a spreadsheet for each month?
I figure I could make a P&L tab as well and have everything calculate for that??
Thank you!
3 Answers
- 1 decade agoFavorite Answer
Tell her to just use quickbooks starter edition - it is cheap and works well.
- Anonymous1 decade ago
I agree with Tim. Entry level editions of Quickbooks' are very easy to set up. And being recognized by accountants, all your friend needs to do at year end is take a backup copy and he can generate what ever he needs from that.
Source(s): QuickBooks user for 15 years - 1 decade ago
u can get a software for $15 which does all the accounting work. the name is personal accountant. for this u may contact vitiinfo@yahoo.com
