Bookkeeping: YNAB vs. QuickBooks
from It's Not About The Money Hosted by Steve Nay and Tyler Smith
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 --- Steve Nay: https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/
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Chapters
- 0:00 iOS automations
- 2:50 Two bookkeeping tools: YNAB and QBO
- 5:13 What is YNAB great at?
- 9:55 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
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