To start off your business, save the money and do the books yourself. There are two ways to "account" for your business, Accrual accounting ? more complected, your goal is to match revenue with expenses. Ie, you buy a machine that will last 10 years, you depreciate that machine over 10 years (its life) to the revenue you earn over that time.
Option two, Cash accounting. It is what it means, if you buy a 10,000 machine, you expense that machine right away. When you make 10,000 on a sale, you report that income and deduct your expenses. Now, there are still a few rules, my guess ? since you don?t give us the nature of your business, you will fit in this category. Now, I think the limit to write off a single piece or series of pieces of equipment is around 100k this year, it will be near that.
If you really want software ie your going to be so busy you can?t just do this in a spreadsheet, look at quick books ? you can get it at best buy. Now, my best advice for you, spend your time trying to get business ie marketing, and worry less about this part for now. Good luck to you.
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Source: http://smallbusinessaccountingsoftwares.net/answers/small-business-accounting-2/
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