Bookkeeping is the act of recording individual business transactions like sales, purchases, income, and payments. Accounting is when you take all those transactions and put them into financial statements.
A simple and free bookkeeping tool available online is Outright.com. From their website:
Outright was created after watching a number of small businesses, like ourselves, struggle to capture all of their business deductions, often piecing together a number of different solutions. We consistently found that business owners spent too much time and effort on the least enjoyable part of running one's own business. So we built Outright. The goal is to keep it as simple as possible, helping entrepreneurs track all of their income and expenses to get their taxes done accurately.Go signup for your free account today and start keeping track of income and expenses online.
Tell me about your experience with Outright!