Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Simple Accounting systems/softwares for early stage companies

What are some of the popular accounting platforms or softwares that early stage companies use to keep track of their expenses? Excel is definitely one option, but I wondering if there is anything a little superior to that for accounting.

As for my company, we are still pretty early stage and it does not make sense to hire an accountant. Therefore I was wondering if anyone has recommendations for softwares/platforms we can use.

Thank you!

16 Replies

Vlad Enache
1
1
Vlad Enache Entrepreneur
Founder at Ignite - igniteapp.com
Freshbooks
Greg Upham
0
0
Greg Upham Entrepreneur
Acting Executive Director at Haverhill's Brightside
Given this is a tech focused forum you might get some varied responses but as a former accountant and controller I would suggest spending the money on quickbooks. Its simple and will make doing/getting taxes prepared much easier than most other products. Many companies outgrow this but in my experience it is well down the line. QB can likely do the job for years
Melody Ma
2
0
Melody Ma Entrepreneur
Sr. Product Manager and Marketer, Web Developer
Wave App is amazing: https://www.waveapps.com/ Xero is also great too: http://www.xero.com/
Mohammad Forouzani
2
0
Mohammad Forouzani Entrepreneur
CEO at Forecast.net
I second wave app. It's very good for startups and it's free.
Nicole Donnelly
0
0
Nicole Donnelly Entrepreneur
Creating HappyCampers Every Day
For expenses expensify is pretty awesome :) Sent from my Salty iPhone www.SaltyWaffle.com
Nicole Donnelly
0
0
Nicole Donnelly Entrepreneur
Creating HappyCampers Every Day
And we always use quickbooks online too Sent from my Salty iPhone www.SaltyWaffle.com
Lawrence I Lerner
0
0
Lawrence I Lerner Entrepreneur • Advisor
Digitalization and Transformation Coach
A lot of the credit cards give you this feature. Amex does decent job of tracking and allowing you to create categories. Otherwise Quick Books.
Mark Neild
0
0
Mark Neild Advisor
Empowering quietly creative people to prosper through innovative yet authentic and engaging business models
Arnav, I use Xero. Easy to use and not too expensive. Xero also sponsor lots of startup activities in their native New Zealand Mark
Eric Sullivan
0
0
Eric Sullivan Entrepreneur
CEO at FoundationLab
I have always used quickbooks, it can scale as you need it too once the company grows.
Mike Stankavich
0
0
Mike Stankavich Entrepreneur
Senior Data Engineer/Architect
+1 for Xero. IMO if you want cloud based, go with Xero. If you want an application that you run locally, then quickbooks. I found that I really liked the cloud based solution. And that was after using Quickbooks for 10+ years.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?