PreReqs > 4 - ZAP Accounting Software
The 220 Club and the DIY Software Club's FREE small business accounting solution has been branded as ZAP Accounting Software and it has its own website. http://zap-accounting-software.weebly.com
ZAP Accounting Software contains a General Ledger and Reporting functionality and the website provides education that is meant to break you from the Quickbooks nipple.
If you are using more complex ERP software that has a general ledger and reporting component to it, this will also likely help you break that bad habit too.
ZAP Accounting Software contains a General Ledger and Reporting functionality and the website provides education that is meant to break you from the Quickbooks nipple.
If you are using more complex ERP software that has a general ledger and reporting component to it, this will also likely help you break that bad habit too.
Education must come first
Having a very, very sound understanding of how you are going to put together a solid accounting process is an imperative precursor to software design, because if you follow our recommended methodology, you will do your Tax Accounting first with aggregating transactions based on banking transactions, not software records, and that will free you up for more creative and relevant software work with some less critical constraints.
All small business people MUST start their software planning and their business process planning out with clarifying education related to Small Business Accounting. We have provided that information and education at http://zap-accounting-software.weebly.com
All small business people MUST start their software planning and their business process planning out with clarifying education related to Small Business Accounting. We have provided that information and education at http://zap-accounting-software.weebly.com
Two Types of Accounting
There are two types of Accounting: Tax Accounting and Financial Accounting.
- Most small business owners have been lead to believe they should focus on their financial accounting first and then cross over that information for the pesky tax man as needed, when in fact, that is the exact OPPOSITE of what you should be doing, believe it or not. Please note, we aren't going to present anything that most selfless CPA's have not been screaming at their clients for decades, we are just hoping the presentation of the same information coupled with some FREE accounting software will do the trick!
- Understanding what IS and what IS NOT required for proper tax accounting and how to do "Tax Accounting First" is critical to all downstream software needs. Most small business owners have their entire Accounting paradigm in-side-out or upside down and very, very few have any clue they are looking at it from the wrong perspective -- and when you start off with bad understanding about such a critical piece of small business, it affects every other downstream software need and that causes massive losses in time and efficiency that we are hoping to rectify.
A Glimpse into Healthy Accounting Methodology
1) Do your Tax Accounting first and setup your Chart of Accounts for Tax Accounting first and foremost -- Proper bookkeeping for tax purposes requires 1) the redecoration of inflows and out flows from your operating checking account(s) and credit accounts, and 2) the assignment of one of only about 15 fairly distinct categories to each transaction.
2) Aggregate your transactions for entry into your Accounting software (your general ledger). Do not try to use your business operational records for accounting purposes. -- The key to simple bookkeeping is properly aggregating income and expense transactions to minimize the number of transactions in your accounting software. Generally speaking you should NEVER be tracking individual sales transactions in your "Accounting Software". Huh you say? You don't know what you are missing and you don't realize how complex you are making things by not knowing what you are missing.
There is more to all this... and that is covered at http://zap-accounting-software.weebly.com
2) Aggregate your transactions for entry into your Accounting software (your general ledger). Do not try to use your business operational records for accounting purposes. -- The key to simple bookkeeping is properly aggregating income and expense transactions to minimize the number of transactions in your accounting software. Generally speaking you should NEVER be tracking individual sales transactions in your "Accounting Software". Huh you say? You don't know what you are missing and you don't realize how complex you are making things by not knowing what you are missing.
There is more to all this... and that is covered at http://zap-accounting-software.weebly.com
You could be a Wizard you never dreamed of being
With 1 to 2 hours of education targeted specifically at the false beliefs which you currently hold about accounting, you will realize you could become a Bookkeeping wizard almost overnight, and while that may not be something you are currently aspiring to, if you want to reduce business complexity for the rest of your life and save money while doing that, there is no better bang for your buck.
When you realize you can learn to handle over 90% of your transactions with that short amount of training and when you realize your Tax Accountant will gladly help you with that which you don't know how to handle for free or for a small fee, and when you realize the 220 Club has provided you with FREE DIY Software to help you with proper Tax (and Financial) Accounting, you will realize you have been grossly mislead about all aspects of bookkeeping and accounting since you were a womb dweller!
The false beliefs you currently hold on this topic are in fact the result of very real business strategies of the Intuit monopoly as well as other larger and more complex accounting software vendors. As long as they keep you away from a few simple truths related to accounting that have you working 180 degrees out of phase, they have you as an unhappy and dis-enfranchised customer for life.
When you realize you can learn to handle over 90% of your transactions with that short amount of training and when you realize your Tax Accountant will gladly help you with that which you don't know how to handle for free or for a small fee, and when you realize the 220 Club has provided you with FREE DIY Software to help you with proper Tax (and Financial) Accounting, you will realize you have been grossly mislead about all aspects of bookkeeping and accounting since you were a womb dweller!
The false beliefs you currently hold on this topic are in fact the result of very real business strategies of the Intuit monopoly as well as other larger and more complex accounting software vendors. As long as they keep you away from a few simple truths related to accounting that have you working 180 degrees out of phase, they have you as an unhappy and dis-enfranchised customer for life.
Summary
The 220 Club and the DIY Software Club created ZAP Accounting Software and its corresponding educational materials with your best interest in mind.
Once you figure out what is and what is NOT needed for tax accounting and what can be done with ZAP Accounting Software and the supplemental tools presented in this website, you will be ready to move onto any/all of the other software solutions related to your business.
Any moves towards creating software without first getting a solid and simple accounting understanding in place will only lead to excess work and confusion for all downstream software and business process demands.
Once you figure out what is and what is NOT needed for tax accounting and what can be done with ZAP Accounting Software and the supplemental tools presented in this website, you will be ready to move onto any/all of the other software solutions related to your business.
Any moves towards creating software without first getting a solid and simple accounting understanding in place will only lead to excess work and confusion for all downstream software and business process demands.