Accounting nuisance
I've never liked accounting! There. I admit it. It's confusing and the definitions of debit and credit are kinda weird. :P It started for me with one of the first treacherous courses in accounting called "Basic Principles of Accounting" which in my opinion was not basic with the columns, debits, credits, balances and rough-work sheets on the side of my college bench. I had to again face it during my MBA too. Well, I thought may be it would be easier and less annoying in a US b-school (compared to an Indian norms of using paper, pencil, calculator) and we would use some cool software to do it; but hell, we used Excel :D . Anywho, it was cooler than having to use a separate calculator and quite frankly I thoroughly enjoyed the discussions about Revenue Recognition, inventory stuffing and other transparency issues. I guess that kinda analysis is more intriguing for me compared to actually putting numbers in the right place and tallying them. In my efforts to establish a better accounting practice in real-life (unlike all my B minus academic pursuits :D), I started looking for a software a couple of years back and I found Working Point to be a good contender for my books of accounts.
Working Point is pretty good for my business but it won't do my personal accounting. For that, I remember using Mint (for USA) - now acquired by Intuit and thought will give it a shot here in India too but the Intuit Money Manager is still struggling to reconcile all my transactions! Damn.
For now, at least for my personal accounting, I'm getting back to a simple diary and a pen. Let the scribbling begin! :D Moreover, in India we've way too many cash transactions...
