How do you guys keep track of the business' expenses and accounting etc.?

[Xeon]

What software or method do you guys use?

For expenses tracking, do you guys fire up the accounting software each time you spend $ on something? Or do you just note down everything and enter the stuff into the accounting software at the end of the week/month?

My expenses tracking is a mess now but I'm looking at some cloud-based app.
Even then, it seems I need to open up the software multiple times a day and enter the thing inside...

 

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[eagleye101]

Try toshl.com
You can access it from everywhere, pc, mobile etc.

 

[Xeon]

Try toshl.com
You can access it from everywhere, pc, mobile etc.

Just tried it. Seems pretty awesome! Not sure if it's accounts-ready though.
Eventually I'll need to outsource my accounts to a freelance accountant for tax reporting and auditing etc.

 

[eagleye101]

James Altucher advertises Fresh-Books
Not tried it because I'm not located in the US but there are many that support it's very good. You may also try MINT.

About toshl, I've been using it for couple of years. Very practical. I have the premium version in which you can have seperate accounts. This way you know exactly how much money you have and in which account. You can also export it.

If you want to pay less on the premium, you can share it on social media, it doesn't matter if you have 0 followers

 

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[mo3]

I use waveapps for my freelance work. Covers invoices, quotes, expenses and can accept credit cards.
It's incredibly useful and also free - perfect for starting out until you need a higher end solution.