Accounting is a tricky, and often tedious, process. If you’re still spending your time wrangling with spreadsheets, using Word documents to knock up invoices, or scribbling your expenses down on scraps of paper then it’s high time you switched to an online accounting software.
There are dozens of subscription-based, cloud-based accounting applications out there that can improve the way you do your accounts. Sure, you have to pay to use these, but it’s usually worth it given the lightening of the load on your time and resources such an app leads to.
Many of the top online accounting software solutions even come with their own Google Chrome extensions, making it even easier to manage your accounts through your browser. Here we round up some of the best cloud accounting solutions, all of which have a free trial and a Google Chrome extension.
Xero is powerful and good looking cloud-based accounting system that allows you to manage your business finances wherever you are. It can help you out with everything from invoicing clients to reconciling accounts, creating expense claims, and filing receipts digitally.
Apart from the web version, Xero has a very good app for iOS and Android that allows you to do all of this when you’re away from the office. Xero is really well designed with a stylish, clear interface that’s easy to use. It allows you to easily see all of your bank accounts, credit card and PayPal balances, outstanding invoices, expense claims, contacts and other essential info at a glance.
Web-based accounting software has been increasing in popularity recently. In today’s world of cloud computing and remote working, it can help companies work more efficiently (as employees do not have to work from a fixed location) and often, web-based accounting systems can reduce a business’s IT costs, as they often charge a monthly subscription fee, rather than lumping the company with a massive bill for server upgrades and expensive licences.
Kashoo, from the Vancouver-based developers of the same name, is one of these systems. It helps users say goodbye to the days of slow and complicated accounting systems and promises to save every user 5 to 10 hours a month when it comes to doing the books. This is a bold claim, so I took the test version of Kashoo out for a spin to see how it fared.
One of the largest barriers facing small business and freelancers is keeping track of invoicing, receipts, payroll and general accounting. This can be a problem because of the expense of the software and/or accounting firm. If you’re just getting started, you won’t want to invest in an expensive (and often outdated-looking) accounting suite, and Excel for data and Word for invoices will only go so far.
Now, along comes a service called Wave Apps — well, really it is just called Wave, but it is a collection of apps. The five services are designed to make life easier for the small business owner or freelancer. (more…)
Our sponsor this week is ProfitBooks, the online accounting and payroll management app that will help you manage your office finances in a smarter way!
ProfitBooks includes everything you’ll need to efficiently manage your business accounting online. You can manage your employee’s info and your business inventory, making it easy to keep up with your payroll and equipment. If you need to invoice clients, ProfitBooks makes it easy to create customized invoices for your clients and track your revenue. ProfitBooks lets you keep track of all of your banking info, and with the smart reports, you can drill deeper into your company’s financial health. Best of all, the smart reports can be exported in Excel or PDF formats, so you can save them and view them anytime.
ProfitBooks can also help you keep track of your team’s work, with an included task management system, document storage, and integrated search to help you quickly find what you’re looking for. It just might be the app your business has been needing to keep track of everything about your company’s financials online.
Go Get It!
It’s a new year, so why not start it out right with a great online account app for your business? You can get started with ProfitBooks for free, or try out any of their paid plans with a free trial. When you’re ready to upgrade to a paid account, it’ll cost as little as $4.98/month to get your business accounting and payroll managed with ProfitBooks.
As a business owner, keeping track of your invoices and reminding customers when payment is due can be an extremely laborious and even embarrassing chore. However, it is a chore that needs to be done, because no payments means no cash coming into your business, which is not exactly ideal, to say the least.
Although most accounting programs will remind you when an invoice is due for payment, they don’t actually take care of the entire reminding and collections process. This is where ZenCash comes in. Not only will it integrate with your existing accounting program and synchronize all the data on outstanding invoices, but it also takes care of the collections process quickly and efficiently, so you won’t even have to lift a finger.
Let’s look at it in a bit more detail.
This time last year, I discovered an unknown web application for time tracking, invoicing and accounting named CronSync. My original review, which can be found here, was a positive one scoring an impressive 9/10.
Unlike some apps however, CronSync hasn’t been lying idle for the past twelve months. The team, based in Germany, has been hard at work upgrading and adding new features. For the past twelve months, I’ve watched CronSync slowly get better and better, and over the last two months several fantastic updates have convinced me that a second review was necessary.
If run a business, hate doing the books and are fed up with Excel, read on.
Accounting is one of those frustrating things that we all have to deal with in business. Recently, I looked at two web-based accounting systems, Crunch and Kashflow, both designed for small businesses with limited IT funds. These systems, along with having low maintenance costs (which usually come in the form of a monthly subscription fee), can be tailored to fit the company’s exact needs and allow for far greater flexibility when it comes to managing the company’s books.
Up till now, I have only reviewed accounting systems for UK-based small business which, due to different accounting practices, are not suitable for US companies. There are plenty out there (just Google ‘web accounting’ for a few) however LessAccounting seems to be a strong contender for a simple, easy-to-use accounting system owing to its intuitive user interface and the fact it integrates with your bank’s data which, according to the developers, can cut down the time you spend doing the books by up to 80%.
Is this the one accounting system for U.S. small businesses? Let’s take a look at it in a bit more detail to find out.
In this Quick Look, we’re highlighting Balance Forecasting Web. The developer describes Balance Forecasting Web as a tool to help you keep better track of the info about your money that really matters. What if you don’t care about past transactions, but you only want to see the future of your bank account? Have you found yourself often asking the questions “What will my bank balance look like in 3 months if I increase my credit card payment by X dollars?” Balance Forecasting Web answers those questions.
Read on for more information and screenshots!
With the ever-rising popularity of web apps, businesses are turning to online solutions for their business needs, as it allows quick and easy access no matter where you are. The days of being tied down to the office to complete work are over as cloud computing and online platforms become ever more a reality in daily business life.
Last month, I took a look at Kashflow, an online accounting system aimed at small businesses helping them to keep their books in order and process simple accounting tasks such as invoices. However, there is now a new kid on the block, Crunch, looking to steal Kashflow’s thunder. It is, like Kashflow, aimed at small businesses who don’t want to have to shell out loads of money for an expensive IT system.
Is Crunch the one accounting system that your small business has been looking for? Let’s have a look at it in a bit more detail.