Yendo Review 2015

Pros
Yendo provides a simple, clean interface that can manage most common accounting tasks such as creating invoices, running reports, tracking expenses and managing cash flow. It also creates annual and monthly budgets based on your actual spending trends.

Cons
This online accounting software is not designed to manage a lot of inventory or employees. Although Yendo provides developer APIs, it offers few integrations such as payment processing, document management or Google app compatibility.

The Verdict:

 6.95/10

Yendo online accounting manages a wide variety of contact information, and it can manage sales reps – making it suitable for those who manage a consulting or sales team. It also offers bulk emailing so you can keep in contact with customers and prospects.

 

Yendo merges cloud accounting with customer relationship management (CRM) and bulk email tools. While it cannot manage inventory, it can manage a sales team and customer communications. Even the Yendo online accounting introductory package supports up to 500 emails per month and unlimited invoices. It provides traditional bookkeeping tools as well as payment processing, data backup and credit card processing. The more advanced versions offer features such as developer APIs, two-factor authentication and dedicated infrastructure.
This service is best for those who manage sales or services rather than inventory.

And it includes better CRM tools than basic accounting software. It manages basic contact information as well as company logos, bank data, social media names and status. Surprisingly, it cannot save default currency information with the contact file. The contact files also connect with the bulk emailing tool for sending out quick mass emails. The Enterprise+ version can send out 20,000 emails per month.

Yendo is helpful for those that need to manage more than one business. The Standard version supports five companies; the Enterprise versions support an unlimited number of businesses and users. All versions support unlimited invoices. However, it should be noted that “unlimited” is subject to the company's fair-use policy. This is the only cloud accounting service reviewed that ties bulk emailing into its service offerings. If you want to send out newsletters or marketing materials to a long client list, this feature could be useful.

Its basic accounting tools range from invoicing and budgeting to reporting. It also includes more advanced tools such as managing deprecation of fixed assets, recurring invoices and budget forecasting. Yendo can be configured to import your bank data daily, and it creates forecasted budgets based on your spending and forecasted sales based on invoices. Reports are customizable and exportable as XLS or PDF files for sharing. While this accounting service does not offer a long list of integrations, APIs are available for developers to create custom integrations.

FreeAgent Review

Pros
FreeAgent accounts support unlimited users, clients, accounts, invoices and projects. With this simple-to-use online accounting software, you can create and email your first invoice within minutes. You can also use FreeAgent to track time, expenses and mileage.

Cons
This service does not include the ability to track documents or assign tasks. In addition, FreeAgent does not provide mobile phone specific apps.

The Verdict:

 7.43/10

FreeAgent provides all-inclusive accounts. Accounts include unlimited everything and are affordably priced plus they do not require you to agree to a long-term contract. Using this service, you can invoice, track projects, monitor overall performance, sync with popular apps and work with others easily. 

The creators of this accounting solution understand that most freelancers and small business owners are not accountants. They just want to run their businesses, make money, keep their customers happy and enjoy a stress-free tax time. FreeAgent is simple to use, affordable and is not loaded down with formal accounting jargon.

All accounts support an unlimited number of users, and FreeAgent tracks projects, tasks, expenses and mileage. It is compatible with services you may already use, such as PayPal, Google Apps and Basecamp.

With FreeAgent, you can easily create professional invoices online using your choice of theme and logo. When you create an invoice, you can even configure FreeAgent to send out a notice automatically should the invoice go overdue. Invoices can be emailed and saved as PDF files.

This invoicing tool creates recurring invoices. FreeAgent creates estimates, tracks bills, uploads bank data and tracks Schedule C information. It generates seven reports, including profit and loss statements, balances sheets and transactions. This service also logs journal entries. This accounting service does not track inventory, but it will allow you to save and assign codes to items that you invoice often to help save time.

This bookkeeping software tracks an unlimited number of projects and can assign currencies, budgets, PO numbers, billing rates, and start/end dates to those projects. It also has a tool for forecasting the profitability of a project. Along with the project, you can add/save related estimates, invoices, tasks, time, expenses and notes. However, although FreeAgent manages tasks, you cannot assign tasks. In addition, the software does not support the ability to attach files to a project, such as client documents, artwork or designs. To manage documents and such, you can utilize compatible apps such as Google Apps or Basecamp.

FreeAgent supports project collaboration by allowing an unlimited number of users while giving the administrator the rights to set permission levels for each user. Admins can limit users to only having access to log time or full access if desired. You can also provide free access to your accountant. Users can access FreeAgent using a mobile device's web browser. Using your mobile device you can time, expenses and mileage. It can also track invoices, attach receipt images to expense files and manage time slips.

WorkingPoint Review

Pros
It can track all account balances, including PayPal and Etsy accounts. It has a comprehensive dashboard with status graphs, and it provides general accounting reports. WorkingPoint is also accessible via a web-optimized mobile version.

Cons
WorkingPoint does not offer credit card processing, project tracking or multi-currency billing.

The Verdict:

 7.63/10

 

WorkingPoint is most suitable for solo operations, since it doesn’t track time, projects or employees (without an add-on). However, it does provide adequate basic accounting tools and the mobile version is fully functional.

WorkingPoint is a streamlined online accounting software nearly as capable as traditional accounting software. It does most things that clunky accounting software can do, but without the filler. Sure, mainstream accounting software can track which warehouse a specific widget is located in, but most startups and independent contractors do not need that ability – they just want to make invoices and get paid. WorkingPoint can do that. It can monitor accounts, create invoices, manage bills, generate financial reports and produce tax reports. This cloud accounting system has a helpful, attractive dashboard that quickly shows your daily operating costs, expenses, banking summaries, bills due and quick links to common tasks. If you have used traditional accounting software and found it to be overkill, you will appreciate WorkingPoint.

This bookkeeping system easily creates invoices using stored contact and item information. You can customize the invoices with your logo, font choice and personal message. The software can calculate taxes and discounts and manage recurring invoices. Completed invoices can be emailed or saved as PDF files. However, it does not manage currency exchange rates.

When you open an invoice file, you can see whether payments have been made and the history of the invoice, such as who created it. To help monitor shipments, WorkingPoint will store shipping information, tracking numbers and shipping dates. Helpful reports include top customers, item sales and sales forecasting. To assist you and your accountant track accounts, it produces income statements, balance sheets and cash flow statements. Tax reports available include sales tax, estimated tax, 1099 and Schedule C reports.

WorkingPoint is best suited for those who have another method to track projects, or those who work alone. This service does not include a project tracker, yet it has expense- and time-tracking tools that many contract and freelance workers need. Although the Thunderstorm version of WorkingPoint supports unlimited users, it does not provide collaboration tools for project or job tracking

WorkingPoint provides a mobile version optimized for iOS and Android mobile phones. Using the mobile version, you can view customer contact information, track billable time, create invoices, record bills, check balances and view items. The mobile version syncs with the online version, and it is free if you have a regular WorkingPoint account.

A few features that make WorkingPoint different from other services we reviewed are that you can add email-marketing tools. This online accounting service also supports online company profiles, which is similar to a business social media tool. Using this tool, you can create a free company profile featuring your products and services with links back to your site. You can communicate with other WorkingPoint customers, see who is viewing your profile and share your company profile with other contacts. This could be helpful for businesses that have little or no web presence.

Less Accounting Review,

Pros
LessAccounting reduces the tediousness of routine accounting tasks and is ideal for those who operate more than one business. This accounting service does not limit the number of invoices you can send out or the number of businesses you can track through one dashboard.

Cons
This cloud-accounting service does not have tools for tracking time, tasks or projects. LessAccounting does not provide mobile apps. You have to use your mobile phone browser to access your account.

The Verdict:

 7.82/10

 

LessEverything has created an online accounting product that eliminates what most people abhor about accounting software, such as data entry, complicated billing and features they never use. LessAccounting is light and can reduce your accounting time to just a few hours per month.

LessAccounting's tag line is, "All small business accounting software sucks, we just suck the least." Most small-business owners and freelancers are not accountants, and they don't want to be. Nevertheless, they are burdened with the necessary chore of keeping their books. LessAccounting is designed to manage all traditional accounting software tasks in a simplified manner to help relieve your frustration and time spent on tedious tasks.

This online service tracks invoices, payments, mileage, proposals and expenses. It also provides all reports that your accountant needs to configure your business's taxes. LessAccounting can save you countless hours spent importing data by directly connecting to your bank accounts.

This service is ideal for those who provide hourly-billed or other services and not inventory. Although it can add items to invoices, it is not equipped to track volumes of inventory. LessAccounting will speed up your invoicing by auto-filling customer information and managing recurring invoices. It will also allow you to switch templates and currency at the invoice entry point rather than in the settings area. However, you have to add items in a second screen, which we found a tad annoying. To help you find and sort invoices later, you can add tags to them.

LessAccounting is an apt choice if you need to track mileage and track expenses by client. Keeping track of business mileage can help immensely at tax time and at 56.5 cents per mile for the 2013 tax year, mileage adds up quickly and should be tracked accurately. You can also track expenses with mobile phones and assign billable expenses to specific clients. However, keep in mind that though it can track more than one business through one account, you have to pay for each business separately. For the most part, LessAccounting is marketed to photographers, designers, developers, marketers and SEO consultants.

 Though eCommerce sites and retailers can use the software, it does not track complex inventory scenarios.
This online accounting solution is optimized to run smoothly with popular browsers on Macs and PCs, as well as via a mobile web browser. LessAccounting no longer provides an app for mobile devices, so to access your account by mobile you will need a capable smartphone with a web browser and data plan. Popular, compatible third-party integrations include ZenCash, Highrise, Basecamp, PayPal, Shopify and LessTimeSheet.

AccountEdge Pro Review

Pros
AccountEdge Pro is an all-inclusive small business accounting package with all modules included.

Cons
This software does not provide add-ons for managing fixed assets or deprecation of company-owned properties.

The Verdict:

 9.25/10

This company has maintained its focus on creating a dependable accounting solution specifically for small businesses. It easily handles basic accounting as well as other services needed to manage a small businesses, such as customer management, payroll processing and inventory control.

AccountEdge Pro, a product of Acclivity, is an all-in-one accounting package suitable to satisfy the needs of most small companies. It can easily manage basic accounting as well as inventory, payroll, banking, document management and payment processing. To help support a mobile or remote team, Acclivity offers online options and mobile apps. This software is available for Macs and PCs, and Acclivity provides tools for migrating data from QuickBooks for Macs, if you want to make the switch.

Even though Acclivity is a rather small company, it has a dedicated development team that continues to roll out new technology. One of the reasons AccountEdge earns the Top Ten Reviews Bronze Award is because the company, despite being small, continues to provide the resources to be able to evolve its software. This small business accounting software is dynamic, well supported and compatible with emergent technologies. New for 2015, Acclivity added serialized inventory and commission tracking.

AccountEdge Pro for Windows includes all accounting modules in one purchase. Although Acclivity does not sell industry-specific packages, the business accounting software comes with more than 100 business templates (with a chart of accounts) to help you get started. Templates include those for media agencies, law offices, consulting firms and more. All business templates are fully customizable, or you can create your own. AccountEdge comes fully stocked with tools to manage accounts, time billing, payroll, inventory, sales, contacts, purchases and banking.

Xero Review

Pros
This online accounting software is a full accounting solution with traditional features such as chart of accounts, aged accounts receivable reports and general ledgers. It can also manage more complex accounting tasks such as fixed assets and depreciation.

Cons
While Xero provides adept basic accounting tools, most other types of business support services have to be added using a compatible add-on. To make this a complete business solution, you'll have to add quote creation and time-tracking tools.

The Verdict:

 8.5/10

 

Xero easily manages basic accounting tasks. It supports unlimited users, processes payroll and allows up to 100GB of file storage. It also can support multiple currencies and tax rates. However, if you need job or time tracking, you will have to seek out additional technology.

Xero accounts, regardless of the version, support unlimited users and give you mobile access for iPhone and Android devices. This cloud-accounting software can also manage basic inventory and fixed asset depreciation. However, it provides limited project or job-tracking tools. Xero provides project, time and task management through an assortment of add-ons. So, while these tools are available, they require an additional monthly fee. The Xero accounting plans are not based on the number of invoices sent, but rather on payroll and file storage limitations.

Xero can easily create personalized, professional invoices featuring your logo. You can edit invoices by altering margins, padding, fonts, titles, logo placement and terms. You can also create and save custom layouts as well as upload template files. You can create new invoices easily with auto-filled information such as customer and inventory data. For instant payment, you can add a credit card or PayPal payment link to invoices. Invoices can be configured to display in a choice of over 160 currency denominations. Plus you can add default currencies to specific customers.

However, Xero provides few project, job and time-tracking tools. For example, you can create a budget to track project expenses such as advertising, printing, travel or wages related to that budget. This is a workaround, but it works for basic projects. Xero also tracks expenses, and you can attach images of receipts to expense tickets for your records. In terms of inventory, it can save the item code or name, a description, the unit price, the account and tax rates. Inventory tools are adequate for those who manage limited stock or services, which is the case for most micro businesses.

Xero's online accounting service provides mobile tools for Blackberry, iPhone, Android and Windows mobile platforms that are available for free in the iTunes App Store and the Google Play Store. Using mobile apps, you can create and send invoices, submit expenses and receipts, and manage overdue invoices from anywhere. The mobile version is slimmed down, but it includes useful tools for the road such as the ability to take a picture of a receipt using your phone to submit and track expense approvals. However, though it can track expenses, it does not have tools for tracking time. For mobile time tracking you will need to utilize a third-party solution.

Zoho Books Review

Pros
Zoho Books provides complete accounting tools and the ability to track projects across platforms, including on PCs, Macs and most mobile devices. It also provides a service that will mail invoices to your clients for you.

Cons
Although Zoho Books includes the ability to manage projects, the features are limited. To utilize project tracking tools, you will have to use its Projects product alongside Zoho Books

The Verdict:

 8.88/10

 

 

This cloud-based business app includes the tools you need to quickly create custom invoices, accept payments, and track time and expenses. It works with numerous other Zoho apps and most mobile phones. Zoho Books is especially useful for those who work on the go or do not need to manage a lot of inventory.

Zoho offers numerous productivity tools that work together, from chat apps to CRM tools. For the purpose of this review, we looked at Zoho Books. Zoho Books is online accounting software with the ability to track projects and automatically download bank data. Although Zoho Invoice does much of what this version does, Zoho Books includes more accounting functions, invoice templates and reports for only slightly more than the Invoice version. We also looked at what the project module in Books can do compared to what Zoho Projects does.

Zoho Books can create invoices from a choice of templates using your logo and online payment provider, such as PayPal, 2Checkout or Authorize.net. Zoho Books accounts provide unlimited invoicing for one organization for a low monthly price. This business tool can help freelancers and consultant teams track expenses, time, clients, payments due, vendors, account balances and overdue invoices. Using this cloud-accounting service, you can create customized invoices from a selection of invoice styles with your logo, personal messages, terms and conditions, and payment links.

Invoices can be configured to be recurring, and you can clone invoices that you want to use again. Invoices can be sent by email or saved as PDF files. Zoho will also mail invoices to your clients via snail mail using stamp credits you purchase. Zoho Books provides most traditional accounting tools as well as more than 30 insightful reports for you and your accountant, such as tax reports, profit and loss statements, and journal reports. It can also assist with preparing and printing 1099 forms.

This accounting system has a tool for tracking projects. Project files include the ability to assign billing method, project cost, budget type and budget amount. This service will also track time, billable and nonbillable expenses, and project-associated tasks. Receipt images can be attached to expense records to help you keep your records accountable. If you need additional project tracking tools for collaboration, detailed tasks, milestone management, document storage and other project management, you can add Zoho Projects to Zoho Books for an additional monthly fee.

Zoho provides a variety of mobile tools through a single interface. Using Zoho mobile, you can create invoices, monitor project activity, access contact information, manage documents, view email, access your calendar and more, depending on the Zoho services you are signed up to use. The mobile app works on most smartphones, including iPhone, Android and Windows mobile phones.

This app provider is not limited to one product. Therefore, if you would like to add features beyond basic invoicing and project tracking, you can easily – and they are all compatible with one another. Business applications include remote support tools, a bug tracker for development teams, marketing tools, CRM, an HR app, reporting apps and customer support apps. Collaboration tools include chat, document storage, discussion tools, email, online meetings and a wiki tool. If you need online accounting tools with a bit more, Zoho can help you.

Sage One Review

Pros
Sage One is efficient, easy-to-use accounting software bundled with project tracking, task management, collaboration and payment processing. It is an online solution, so it is always up to date, backed up, encrypted and accessible via any web connection.

Cons
If you are looking for traditional accounting software such as products similar to Sage 50 or QuickBooks Pro, this is not it. Sage One is designed for entrepreneurs, freelancers and startups, not companies that need to manage a lot of inventory or employees.

The Verdict:

 8.88/10

 

Create invoices and get paid quickly with Sage One. You can manage projects, track tasks, track time and accept payments using this one solution. In addition, Sage One accounts support unlimited collaborators, projects, tasks and invoicing without any additional fees.

Sage One is an innovative small-business invoicing system created by Sage Accounting. Sage has been creating popular accounting products for over 30 years, but Sage One is different. This product is designed to be used by freelancers, entrepreneurs and fresh startups, and by those who may know nothing about formal accounting. This Top Ten Reviews Bronze Award winner is intended for those who need professional invoicing and online collaboration tools. It can track projects as well as finances. Plus it is accessible via any web browser from anywhere with internet access, making it ideal for those who may not have a formal office location or who work on the go.
Over 90 percent of businesses registered in the U.S. are composed of a single person. Although big companies require complex accounting solutions, freelancers, contractors and sole proprietors do not. Sage One is an ideal solution for managing small businesses and collaborating on projects. This online accounting software easily creates invoices, tracks tasks, manages projects and performs general accounting duties to help you manage the details of your business.
Sage One accounts support unlimited collaborators, customers and invoicing. An account also supports two administrators with full access rights so that you can work with a business partner or your accountant without an additional charge. You can add more administrators for $10 each per month. Each account comes with 5GB of free storage for your documents and projects. Sage accounting offers two accounting choices: Sage One Invoicing and Sage One Standard. The Invoicing version can support most that only need online invoicing, income tracking and contact management. The Standard version also includes bill and expense tracking, financial reports, project and task tracking and more, making it suitable for those who require more than just simple invoicing.

QuickBooks Online Simple Start

Pros
This online accounting service provides advanced invoicing, reporting, expense tracking, billing and payment tracking. It also comes with mobile tools for creating invoices and tracking expenses using iPhones and Android devices.

Cons
While the introductory version can invoice and perform basic tasks, you have to upgrade or add other modules to access additional features.

The Verdict:

 9.23/10

Using QuickBooks and associated add-ons it can be configured to perform any task you require. It works well with Intuit’s POS software and TurboTax so you don’t have to tediously try to get your data to work with other solutions. The dashboard is well designed and provides quick insights into what is going on with your business. Overall, it is still one of the best small-business accounting solutions available.

 

 

 Over 80% of QuickBook users report to save time every week using this accounting software. And now that it is also available online, small business owners are no longer tied to their desktop to manage their books. The newest version of QuickBooks Online includes numerous automated features including automatic backup, scheduled billing and bank reconciliation. Online accounts can be accessed from anywhere using any including mobile devices. This Top Ten Reviews Silver Award winning accounting solution is ideally suited for helping to run small businesses, including managing payroll, inventory and taxes.
Intuit offers three versions of QuickBooks Online: Simple Start, Essentials and Plus. Each version includes basic invoicing tools, but as the versions advance, more features, reports and users are supported. Essentials is Intuit's most popular version. It includes recurring billing, payment scheduling and user-access controls. The Plus version includes the inventory module and more tracking tools. Payroll and payment processing can be added to any version. The Plus version supports up to five concurrent users, adequate for most small businesses.

FreshBooks Seedling

Pros
FreshBook’s most salient, top features include its simple-to-use interface, extensive mobile tools and snail-mail invoicing. Additionally, it is compatible with numerous add-on products that can greatly expand what you can do with the software.

Cons
Freshbooks is not equipped to manage large volumes of inventory, nor can it manage complex vendor and purchase-order situations.

The Verdict:

 9.45/10

If you do not need to manage complex inventory situations, FreshBooks can easily help you invoice time, expenses and services. In addition, it supports several payment processors so you are not locked into just one processing service.

FreshBooks is liberating. Using this online accounting service, you can expect to free up hours of your work time per week – plus, you will be able to track time and create invoices away from your desk using your mobile device. FreshBooks has received several awards for its exceptional customer service and it supports numerous payment gateways, including PayPal, iTransact and Authorize.Net. We applaud its streamlined interface and innovative, free features, including client portals, and award this popular online accounting solution our Top Ten Reviews Gold Award.
Keeping books as a freelancer or creative consultant does not have to be difficult. With FreshBooks, you can create a branded invoice within minutes, convert an estimate into an invoice with two clicks and potentially get paid twice as fast by accepting payments online. You do not have to be tied to your office, either. FreshBooks provides free iOS and Android apps that can create invoices, track time and expenses, and manage timesheets anywhere.
The introductory paid account, called Seedling, is most suitable for those who do not need to manage a lot of clients, since it is limited to managing 25 clients and supports one user. The Evergreen account supports unlimited clients and five users. The Mighty Oak account supports unlimited clients, and additional users are $10 each per month. The Mighty Oak version is the one you need to subscribe to manage project managers, team timesheets and team expense reporting. FreshBooks does offer free online client portals where clients can view their invoices and balances. Mobile apps for the iPad and iPhone are also free to subscribers. A Blackberry app is available via a third-party provider.

 

5 Top Picks for Small Business Cloud-Based Accounting

A small business doesn't need expensive software to manage a general ledger and basic business accounting tasks. Here's a look at five reasonably priced cloud services.

 FreshBooks: Guided Help Boxes Make Small Business Accounting Easy

FreshBooks is a simple cloud accounting application designed to help small business owners to get organized and get paid. Since it's a hosted accounting service, you can access your business data everywhere—on a mobile device or desktop computer—and your data is secure and backed up for you.
FreshBooks features options for online payments, expense tracking, time-tracking and accounting reports and taxes. Highlights include customizing invoices, sending late payment reminders, automatic and recurring-expense tracking, managing different rates for multiple projects and profit/loss reports.
Small business owners will appreciate FreshBooks' guided step-by-step wizard and help boxes that appear each time you perform a new task, such as create a new invoice or add a new client to your records. As you familiarize yourself with FreshBooks, you can turn these helpful tips off.

QuickBooks Online Simple Start: A Good Value for Small Businesses

Today, QuickBooks is synonymous with small business accounting. While a number of standalone and hosted versions are available, QuickBooks Online Simple Start is a good value for small office accounting needs.
The online version is $12.95 per month and includes a 30-day free trial. This software makes it easy to create invoices, track sales and expenses, download banking transactions and access business data on any mobile device. Other handy features in Online Simple Start include check printing and exporting data to Microsoft Excel.

Kashoo: Professional Invoices, Simple Dashboards

Kashoo is another cloud accounting service worth a look. It's a simple accounting app for small businesses offering anytime access from an iPad or Web browser.
Features for the small business include connecting to online bank accounts and credit cards, professional invoices, simple dashboards and options to categorize income and expenses specifically for tax reporting. In addition, you can easily share your business data with your accountant online. Finally, Kashoo boasts secure, double-entry accounting for bank reconciliation and financial statements.
Kashoo is priced at $16 per month. A free version is available; however, users are limited to 20 transactions each month.

Outright: Online Accounting for Ecommerce Businesses

Outright is an easy-to-use cloud accounting system that lets small business ecommerce owners organize and keep track of sales and finances in one place. At a glance, you can see where money is going, view profit/loss statements and see who your customers are.
You can link existing accounts such as banks, credit cards, Paypal, eBay, your own Web store or FreshBooks to Outright, and you can import your existing transaction history. From then on, Outright downloads your new data each day. Another useful feature: Outright organizes all of your data into IRS-approved tax categories, potentially lowering the workload and headache level at tax time.

Xero: Share Your Business Numbers Online

With Xero online accounting, you can share access to the latest numbers and check cash flow in real-time. Once loaded, Xero offers a dashboard to quickly view your bank balances, invoices, bills and expense claims. There's also an interactive graph to show money going in and out; you can also monitor specific data accounts from the dashboard.
One standout feature in Xero is the capability to collaborate online so small business employees can work as a team on financials. You can share your data and collaborate with your accountant and bookkeeper to get the advice you need. Xero lets you invite an unlimited number of people for free; you control what each person can see.
The invoicing system lets you customize invoices and connect with your customers through online invoicing. There are also options to create repeating invoices and schedule bill payments, and all payments, returns and credits are tracked automatically.
Pricing for Xero starts at $19 per month. Mobile apps for Apple, Android and Blackberry are available. Third-party add-ons can expand Xero functionality by incorporating CRM, inventory management, invoicing, job systems and other specialized business tasks.