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June 29, 2023

Bookkeeping: YNAB vs. QuickBooks

39 minutes

What are some good tools if you want to get started keeping the books of your business?

Steve and Tyler discuss YNAB and QuickBooks: their strengths and weaknesses, their similarities and differences, and ultimately which one you might want to choose for your business.

(00:00) - iOS automations

(02:50) - Two bookkeeping tools: YNAB and QBO

(05:13) - What is YNAB great at?

(09:55) - What is QuickBooks great at?

(12:47) - Setting aside money for taxes

(16:57) - Equivalent concepts in YNAB and QBO

(20:15) - What does your tax pro need from your books, really?

(26:07) - Handling (or not) merchant fees in YNAB

(29:17) - QBO gotchas

(32:32) - Steve and Tyler's recommendations on which to pick: YNAB or QBO (or both?)

(37:21) - Pricing

Links:

Tyler's thorough review of YNAB: https://www.tylersmith.io/blog/ynab-vs-everydollar

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Steve Nay:

https://daybreaktax.com/
https://www.linkedin.com/in/nsteven/

Tyler Smith:

https://www.tylersmith.io/
https://www.linkedin.com/in/tylersmith-io/

...more

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By Steve Nay and Tyler Smith