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.