Dana Jo

Thank you, dbams, I really appreciate your response, and agree. I wouldn't need to expense anything I buy that I don't use in the business, either. That's probably the best route for matching revenues to expenses anyway. I am curious as to why Rebecca's accountant hated it, but in my experience, most accountants are not also quilters. My guess is that the level of detail needed to run the business is quite different from the level of detail required to do the tax return.

Hi! I'm wondering why your accountant hated it, if you can remember. My longarm business is a corp, so I have an accountant to do that tax return, but I am also a CPA...so I want to know if I'd be able to get the outputs I need anyway. I like the idea of a specialized financial tool. Other general question--when you buy a piece of software for $225, or a collection of pantographs...do you directly expense these things in the year bought, or depreciate them? These are early business expenses and may occur before you have much income to offset them. I'm just curious what everyone else does. I'm a person who (admittedly, foolishly) LOVES to have all the tools up front (as if you can ever have them all) so that I can start everything on the right foot. My business is still fairly new. I'd love the software, but I need a couple customers to pay for it. You know?