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.