Saturday, May 18, 2013

The Best Online Cloud Accounting Software Programs

Robert Farrington writes: A look at the best online cloud accounting software programs from http://www.entrepreneurshiplife.com. It includes brief reviews of QuickBooks Online, Kashoo, FreshBooks, Outright, Xero, Bean Cruncher, and Wave Accounting. If you're considering moving your business to the web, check out these cloud-based solutions.  Slide Show Below.
Slide Show Above, Presentation Transcript Below

  • 1. The Best Online Cloud-BasedAccounting Softwarehttp://www.entrepreneurshiplife.com
  • 2. Why Cloud-Based Accounting?• More companies are mobile – especiallyentrepreneurs and solopreneurs• Allows access to key company metricsanywhere• Many options allow mobile paymentprocessing• Syncing across multiple devices – desktop,laptop, tablet, phone
  • 3. QuickBooks OnlinePositives• Most robust onlineaccounting software• Solid payroll integration• Lots of additional add-onapplications (CRM, etc.)• Intuit – Industry leadingcompanyDrawbacks• Price: Cheapest optionstarts at $12.95/mo, or$155 per year. Cheapestoption with payroll is$63/mo
  • 4. FreshbooksPositives• Great online invoicingfeatures• Full accounting andpayment processingintegrated• Allows collaboration forteams• Automatically downloadsbank transactionsDrawbacks• Pricing is based on numberof clients – free versionallows 3 clients, up to 25clients is $19.95/mo, thenunlimited clients at$29.95/mo• Difficult to use for someorganizations due toreliance on invoicing
  • 5. KashooPositives• Automation – mostautomated of the onlinecloud accounting programs,in terms of downloadingform your bank• One of the best “free” levelsof accounting software• Native iPad and iPhone appsDrawbacks• No invoicing• Paid level for the “goodstuff” starts at $10/mo andpayroll processing at$20/mo• No built-in paymentprocessing
  • 6. OutrightPositives• Great automation (verysimilar to Kashoo)• Free option is very robust• Best pricing of thecompanies for paid optionsDrawbacks• Limits reporting to the paidoption (beyond basic profit& loss statements)• Pricing: $9.95/mo – but it istheir only level• No payroll or paymentprocessing
  • 7. Bean CruncherPositives• Newest Option – Learnsfrom other competitors• Solid, fast interface• Main dashboard isincredibly useful• Very robust accountingfeatures and reportingDrawbacks• Lack of integrated paymentprocessing and payroll• Price based on customers -$19 for up to 150customers, $39 for 500customers, and $99 forunlimited
  • 8. Xero Online AccountingPositives• This is the most comparableto QuickBooks (evendesktop Quickbooks)• Add-on features like CRM• Integration withaccountants andbookkeepers• Excellent training programs• Native apps for iPhone andAndroidDrawbacks• No built-in paymentprocessing• Price: $19 for 5 invoices permonth, $29 for 100s ofinvoices, and a multi-currency edition for $39
  • 9. Top Pick: Wave AccountingPositives• Free• Robust options, includinginvoicing• Built-in payment processingat a flat 2.9%• Automatic accountdownloads and integrationDrawbacks• Sometimes slow userinterface• Would like to see morereporting options

7 comments:

  1. Greatful information and Any business without accounting. This blog provides inform about all businessman and users.

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  2. Online Accounting software is the best way for manage account of any companies. Best solution and simplicity in accounting software.

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  4. Thanks for sharing list of accounting software's. I would like to add one more Accounting Software in India. It is cost-effective, modular & flexible, easy to use accounting software available in Mumbai, Delhi, Bangalore and Chennai.

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