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The budget varies based on the options you choose. In most cases, the average price for revamping a small living room can fall approximately between $5,000 and $20,000.

Below is a list of records and statements you need to maintain: 1)Financial Statements ? P&L account, Balance Sheets, Tax Returns 2)General Ledger & Journal 3)Asset Register 4)Computer Back-up Discs 5)Cash Records ? Receipts, deposit books 6)Bank Account Statements, Bank Reconciliations and Bank Loan Documents 7)Sales/Debtor Records 8)Work

The best effective accounting software are GnuCash, Money Manager EX, TurboCASH, Wave, NCH Express Invoice, VT Cash Book, Invoice Expert, and Adminsoft Accounts.

Though an accounting software is quite effective in helping one manage their financial data with ease, they need basic accounting knowledge for better understanding of the company's financial status.

Yes, even startups can benefit from an accounting software as it will help them manage their finances better. And, as the business grows, an accounting software will definitely come in handy.

Yes, choosing an accounting software according to the business types goes a long way in helping you comply with specific accounting requirements that are exclusive to the particular industry.