Can I Keep My Accounting Records on a Spreadsheet?

While many businesses do just that, I recommend the use of accounting software in the long run. It saves you time and provides a check and balance system. No need to understand debits and credits. The software does it for you. What’s the best software? Well, it depends upon your needs, but most small businesses use some version of Intuit’s QuickBooks. There were a few others like Zoho Books, Zero and Wave.