For many small businesses, Excel is a tempting choice for bookkeeping. It’s been around for ages, there are plenty of tutorials and Excel templates online, and it’s easy to find sample Excel accounting formulas. Best of all, you probably already have it.
When you first start your business, it’s the most accessible bookkeeping spreadsheet available. However, as your business grows, you may realize that you don’t have the time to deal with the manual labor required to maintain Excel. Let’s explore everything you need to know about Excel vs. accounting software, including the primary problems and benefits of each.