Is it possible to run a business without accounting software such as QuickBooks, Sage, etc.?

Question

provides accurate cloud-based and on-premises accounting solutions. But, like every other manmade solution, QuickBooks may at times act weird

Answer 1

Yeah. It's a long and tedious process. You need separate income and expense accounts, a general ledger, a double balance accounting system, income statement, balance statement, and cash flows statement. If you have employees, 
you also need employee wage accounts with their associated tax accounts. It's done initially by hand in pencil and then finalized in an Excel spreadsheet.

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