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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Accounting for a Web-based retailer

originally posted: 8/24/2006  revised: 12/17/2010

Q: I need a better accounting system for my retail business. Do you recommend QuickBooks and if so what version would be best for me?

A: QuickBooks has about 85% market share in the small business retail area, so this is the obvious first choice. Based on your comments the regular and least expensive "Pro" version will be fine. The retail price is $199 but there is a $40 discount if purchased through a ProAdviser. Keep in mind that QuickBooks does not include an inventory management program, so you may need to address that separately.

Small businesses without employees may also wish to consider the easier Quicken for Business software.

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