Question #5 from my book "Cover Your Nut"

05 - Do I need a computer and telecommunication equipment?

Computers can assist the small businessman in general accounting and inventory controls, and give managers the tools to better measure the effectiveness of their activities in the company's operations.  Business and accounting software programs (such as QuickBooks) can be customized to fit the specific needs of any type of business.  These programs can be very beneficial to give management quick reports from the accumulated transactions and though the customized listing of the chart of accounts.

Telecommunication equipment (phones, fax machines and network connections) are necessary for all common business functions: sales, purchasing, financing, operations and administration.

This book will assist the reader in establishing the key accounting information before starting the business computer programs, supplying tools toward the development of better financial statements.