Lesson 3 – Accounting Tools

By the end of this lesson, you will be ready to define your accounting system.

Specifically, we will:

• • Review the most popular accounting tools
  • Consider how tools fit the needs
  • See a demo of Wave accounting

Notes:

• • As of 2024, Wave is no longer a free service. It’s common for apps to start off as free and later transition to paid versions. Currently, we still use Wave for one business and Stessa for our real estate, but it might be time to explore other options. However, keep in mind that the tool itself won’t generate income—so it’s best to consult with your accountant to see what they recommend and move forward from there.

Assignments

• • Go to your course tracker and complete the assignment for this lesson.