A Day Late and a Dollar Short
– Donny & Marie, 1974
Some of your former bookkeeping practices may have left you a day late and a dollar short when it came the time to pay up. Perhaps you’re new to accounting and unsure of where to start, or simply feel that your process of data entry is running at a turtle pace compared to the amount of money coming in and out of your business.
Fortunately, with our top 5 list of the latest apps you’ll be able to transform from a novice to a bookkeeping guru that will surely leave a good impression on your accountant. Whether through your home computer, laptop, smartphone, iPad or tablet, you can easily access your books anytime, anywhere.
An option for individuals looking to keep their finances in check, the Mint mobile app offers a quick, easy, and safe way to keep track of all your accounts – investments, savings, checking, and beyond – at home and away. With over 10 million users, Mint is a great option for individuals looking for new ways to manage their finances and keep up-to-date on their latest balances. Thus, no more surprises when there’s not enough cash flow or – a better option – too much cash for you to know what to do with.
Meant for individuals, small businesses, the self-employed and beyond, Outright (and their mobile app) offers an automated version of bookkeeping so that you can focus on other aspects of running your small business. In addition to automatically completing bookkeeping tasks, Outright offers tax help, provides alerts on income, shows in-depth details of transactions for those away from home/work, and allows users to see both profit and loss numbers on the go. And did we mention it’s free? Users may also upgrade to the $9.95 per month Outright Plus which allows access to additional features.
More than 7 million online users can’t be wrong! Zoho Books provides small businesses with a wealth of options when it comes to tracking financials, automating accounting tasks, getting paid, invoicing, and more. And you can do all of this in the car, on the plane, or the comfort of your own washroom!
Intacct offers a solid option for small to midsize businesses that receive complex financial transactions. While it may take a generous amount of time to perfect, users who want more options – compared to QuickBooks, for instance – can turn to Intacct. It’s web-based, provides a wealth of budgetary options, and offers streamlined accounting tasks so that you can focus on your business at hand.
LessAccounting offers a fun, lighthearted, and simple app for users looking for a basic set of budgetary tools. Despite the lighter (more comical) look of the website, it offers true double-entry accounting practices, a simple setup, and a few other valuable options.
However, according to the PC Magazine review the LessAccounting mobile app is only available for the iPhone (and not the Android smartphone). Users can compare QuickBooks Online or Kashoo to LessAccounting and see if they are slightly better alternatives for the same price level. Short answer: they probably are.
Have a bookkeeping app that you love but you can’t it on our list? Tell us about it in the comments section below!
CPA4IT has a solid 25 year history of supporting over 10,000 clients with a diverse range of accounting needs. CA4IT specializes in small business accounting in the Greater Toronto area. To find a Toronto chartered accountant near you, call 1-800-465-7532 today!