Keeping it simple

When I set up my sole proprietorship with the tax authorities here in Sweden, I had to choose between accrual accounting and cash accounting. I opted for the latter for two reasons. Firstly, it was recommended for a small business like mine. And secondly, bookkeeping is something that makes me nervous and I wanted to make it as easy as possible for myself. So far, I'm just doing my single entry bookkeeping in an Excel file, but I am currently investigating programs that I can use to make my business life any easier.


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