The Pros and Cons of Doing Your Own Bookkeeping
Introduction: The issue of doing your own accounting ended up predominant with the appearance of minimal effort bookkeeping programming in the mid 1990's. On September 27, 1994 Intuit bought a program called MoneyCounts from Parsons Technology for $64 Million. Intuit changed the name of MoneyCounts to QuickBooks and made an exceptionally viable Unique Selling Proposition "You can set aside some cash by doing your own accounting". That USP brought about Intuit catching practically 85% of the independent venture advertise. Bookkeepers were no aficionados of this incredibly famous programming program for a few exceptionally legitimate reasons. In the first place, it was anything but a genuine bookkeeping program with genuine security blemishes. Second, it was advancing unpracticed people go up against a urgent section of the budgetary procedure. Third, it was diverting entrepreneurs from their center business, and last, it definitely cut into the bookkeepers business.