![]() Less Robust Reporting - Getting customized reports is a lot more difficult when using a spreadsheet compared to using bookkeeping software.That’s not ideal, but is ok for many businesses as you may just need to record A/R and A/P at the year-end to get ready to file your taxes. Cash Basis Bookkeeping - It’s more difficult to do accrual basis bookkeeping in a spreadsheet.Errors - Because spreadsheets are mostly manual entry, it’s easier to make errors than when using bookkeeping software like Xero.The main drawbacks of doing your bookkeeping in Excel or Google Sheets are: ![]() Copy and paste your bank transactions into the sheet and you’re 80% of the way done!ĭrawbacks of Bookkeeping in a Spreadsheet ![]()
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