I don't know how I ended up with four business bank accounts, several merchant processors, too many different systems are taking up too much of my time. I'll be hiring a consultant to help me consolidate my business systems and make it more manageable.

Well, I do know how I ended up with so many different accounts. There was a purpose to each one when I opened them. The problem is that I wasn't looking at the big picture while making all these things happen. Not only do I have multiple bank accounts, but they're all at different banks. Too many accounts to reconcile either equals too much time spent reconciling or you don't do it at all.

I'm using Quickbooks for my accounting system, and am determined to stay with it. There are some things I'd like to see it have (such as opening up the online billing features, for example), but there are no other products that please me as much. Peachtree is a very close second. Now I'm looking at ways to make running my business easier by automating things using Quickbooks. I've been manually sending invoices by email, for example. I know I can automate it in Quickbooks, it's just a matter of setting it up.

How are you dealing with these issues?

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Peter T Davis
Frixer, Inc.
Helping people make profitible businesses on the web.

Hi Peter,

I don't know Quickbooks, but surely there is a wizard in there for reconciliation? also I assume it links to multiple bank accounts with multiple curencies? If not I would suggest changing your accounting package. You mentioned Peachtree, I think that is the US version of Sage, we sell the UK versions and they do all of the above. It may be worth finding a local supplier for sage and ask them for a demo.

To answer your question of how we are dealing with the issues, my partner is an Accountant so I hand everything over to her ;-)