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Best New Accounting Apps for Small Business Accountants

Published on 21 June 13
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"Better, Faster,Cheaper," is what customers want from businesses these days. Businesses know that they need to be able to run their operations in a speedier and more cost effective way if they are going to meet these increasing demands.

In this fast moving environment it is essential that business owners keep their finger on the pulse of the financial heartbeat of their company. For accountants in these organizations, and in particular small business accountants, the requirement to know from minute to minute the fiscal state of affairs is an increasing feature of everyday life.

More and more accountants are involved in small businesses; therefore, need to consider whether they have the right set of tools at their disposal to meet this growing demand. In new online accounting degree programs students learn that accounting apps can offer a straightforward and cost effective solution to this challenge, but with over 80 different products specializing in finance on Google Marketplace alone, how do you go about choosing the right package for your company?

Clearly, much will depend on the nature of your business but there are, nevertheless, common elements you will want to look for in your small business accounting application.

First, you want an app that is easily accessible and simple to use. Small businesses are notoriously time hungry, and you don't want to take something on which places additional pressures on this most valuable resource. Apps which are intuitive to use and offer maximum functionality while on the move are the ones to look for.

Second, your app shouldn't break the bank! This is a tool which should save you time and keep better track of your money - not cost an arm and a leg. Some apps are completely free, while others offer additional functions for a small charge. What you choose will depend on how much you want your app to do, and how many customers/clients you have.

Third, look for an app which other people in your type of business have already successfully used. Peer reviews are an excellent way of seeing what could work for your company and getting the opinions of those who have already trod this path. It is always helpful to hear from those who can tell you that something has transformed their commercial life, but you should also pay heed to those who have had bad experiences and learn from their mistakes.

Existing apps which come highly recommended and meet a variety of needs, include the following:

Outright


This app is mainly used to track sales and expenses. It can also offer real benefits in terms of tax recording - an area which we could all do with a little help in. If you also use Google apps, you can see your customer and vendor payment data directly in your gmail, and outstanding invoices are displayed on the Google calendar function. The basic app is completely free, but if you need more functionality you can also upgrade to Outright Plus.

Best New Accounting Apps for Small Business Accountants - Image 1


Freshbooks


This free mobile app allows you to track time, input clients and send invoices wherever you are. It is a cloud based app, so is accessible anywhere, and also integrates with over 70 cloud partners such as Basecamp, Shopify and Mailchimp. It interfaces with payment providers such as Paypal, and for customers who still prefer to deal in hard copy bills by mail; it allows you to send statements via the USPS.

Yendo


If you want to step it up a level, then perhaps Yendo is the app for your business? As well as the billing and recording functions offered by the previous two apps, Yendo also provides broader accounting functionality. It facilitates more detailed reporting, journal entries and full double entry book keeping. Debtor and creditor management is made much easier, and with the ability to export custom management reports to PDF you can produce professional documentation while on the move.

The increasing trend towards apps is not going to wane, and there will no doubt be more and more products developed for you to choose from. Just stick to your guns, pick the product which meets your needs and start reaping the rewards of having the bottom line always at your fingertips.























"Better, Faster,Cheaper," is what customers want from businesses these days. Businesses know that they need to be able to run their operations in a speedier and more cost effective way if they are going to meet these increasing demands.

In this fast moving environment it is essential that business owners keep their finger on the pulse of the financial heartbeat of their company. For accountants in these organizations, and in particular small business accountants, the requirement to know from minute to minute the fiscal state of affairs is an increasing feature of everyday life.

More and more accountants are involved in small businesses; therefore, need to consider whether they have the right set of tools at their disposal to meet this growing demand. In new online accounting degree programs students learn that accounting apps can offer a straightforward and cost effective solution to this challenge, but with over 80 different products specializing in finance on Google Marketplace alone, how do you go about choosing the right package for your company?

Clearly, much will depend on the nature of your business but there are, nevertheless, common elements you will want to look for in your small business accounting application.

First, you want an app that is easily accessible and simple to use. Small businesses are notoriously time hungry, and you don't want to take something on which places additional pressures on this most valuable resource. Apps which are intuitive to use and offer maximum functionality while on the move are the ones to look for.

Second, your app shouldn't break the bank! This is a tool which should save you time and keep better track of your money - not cost an arm and a leg. Some apps are completely free, while others offer additional functions for a small charge. What you choose will depend on how much you want your app to do, and how many customers/clients you have.

Third, look for an app which other people in your type of business have already successfully used. Peer reviews are an excellent way of seeing what could work for your company and getting the opinions of those who have already trod this path. It is always helpful to hear from those who can tell you that something has transformed their commercial life, but you should also pay heed to those who have had bad experiences and learn from their mistakes.

Existing apps which come highly recommended and meet a variety of needs, include the following:

Outright


This app is mainly used to track sales and expenses. It can also offer real benefits in terms of tax recording - an area which we could all do with a little help in. If you also use Google apps, you can see your customer and vendor payment data directly in your gmail, and outstanding invoices are displayed on the Google calendar function. The basic app is completely free, but if you need more functionality you can also upgrade to Outright Plus.

Best New Accounting Apps for Small Business Accountants - Image 1


Freshbooks


This free mobile app allows you to track time, input clients and send invoices wherever you are. It is a cloud based app, so is accessible anywhere, and also integrates with over 70 cloud partners such as Basecamp, Shopify and Mailchimp. It interfaces with payment providers such as Paypal, and for customers who still prefer to deal in hard copy bills by mail; it allows you to send statements via the USPS.

Yendo


If you want to step it up a level, then perhaps Yendo is the app for your business? As well as the billing and recording functions offered by the previous two apps, Yendo also provides broader accounting functionality. It facilitates more detailed reporting, journal entries and full double entry book keeping. Debtor and creditor management is made much easier, and with the ability to export custom management reports to PDF you can produce professional documentation while on the move.

The increasing trend towards apps is not going to wane, and there will no doubt be more and more products developed for you to choose from. Just stick to your guns, pick the product which meets your needs and start reaping the rewards of having the bottom line always at your fingertips.

This review is listed under E-Commerce Community

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