In this issue
February 27, 2013
FreshBooks – A “First Hand” Perspective
Getting small clients to be diligent about their bookkeeping is a challenge that all accountants face, especially those who specialize in the smallest businesses.
February 27, 2013
eTEK’s Accounting Systems Available as Traditional or Hosted Programs
From the March 2013 review section of Small Business Accounting programs. eTEK Accounting for Microsoft Office 2010 www.etek.net 800-888-6894 eTEK offers several accounting systems for businesses of different sizes and for specific industries. The include the smaller-business eTEK for Microsoft Office, eTEK for SQL Server for larger organizations, eTEK Fundamentals for government entities and non-profits,...…
February 27, 2013
2013 Review of Wave Accounting
Wave Accounting212-334-9753www.waveapps.com Wave Accounting is part of Wave Apps, a suite of free or low cost apps which can be used by micro-businesses to run their business. The product is set up to work with business and personal accounts, and will automatically classify business expenses to accounts based on the payee information downloaded from the...…
February 27, 2013
2013 Review of Xero Accounting
Xero800-411-XEROwww.Xero.com Xero is an online client accounting system which has the goal of “zero data entry” by the accounting professional. The Company has made a number of strategic investments over the last year, and has significantly enhanced the headcount of its US operations with a number of accounting software industry veterans. Updates are released and...…
February 27, 2013
2013 Review of Intuit QuickBooks Online
Intuit QuickBooks Online800-286-6800www.quickbooksonline.intuit.com Intuit QuickBooks Online was one of the first SaaS accounting software applications for small business, and has released many enhancements (including some designed for accountants) in the last two years. New features like QuickBooks Online for Accountants (QBO4A) and third party apps available in the Intuit Marketplace (IPP) make it possible for...…
February 27, 2013
2013 Review of Kashoo
Kashoo888-520-5274www.kashoo.com Kashoo is a Canadian based SaaS accounting software company which pitches itself as a “real, simple cloud accounting solution for small business, with anytime, anywhere access via your iPad or Web Browser.” The product has a strong following in Canada, and is currently used by users in over 130 countries. Key features include a...…
February 27, 2013
2013 Review of Monchilla
Monchilla802-445-5288www.Monchilla.com Monchilla is a new SaaS accounting software platform which launched in October 2012. Monchilla has three major components to its small business management suite: Money (e.g. accounting/general ledger), Time (time tracking), and Payments (electronic payments to customer and suppliers). This review will focus on the Money module, and will not evaluate Time and Payments,...…
February 27, 2013
2013 Review of Sage 50 Complete Accounting 2013
Sage 50 Complete Accounting 2013866-996-7243na.sage.com Sage 50 Accounting 2013—U.S. Edition is the new name for Sage Peachtree. During 2012, Sage renamed most of its products with a new naming scheme aimed at increasing awareness of the Sage brand. The Company is also rolling out connected services like credit card processing and e-Marketing tools which can...…
February 27, 2013
2013 Review of QuickBooks Premier 2013
QuickBooks Premier 2013877-683-3280www.quickbooks.com Intuit’s QuickBooks is a product most accounting professionals work with at some level, and there are a number of different versions to the product, which is confusing to many users. Major versions of the product include: QuickBooks Enterprise Solutions, a product aimed at companies who want an on-premises product with industry-specific reporting...…
February 27, 2013
2013 Review of CenterPoint Accounting
CenterPoint Accounting(800) 732-9464www.redwingsoftware.com CenterPoint Accounting is one of two accounting software product lines offered by publisher Red Wing Software. Both product lines (CenterPoint and TurningPoint) are sold and implemented by value added resellers or sold directly, and are targeted at the high end of the small business space or the lower end of the mid-market...…
February 27, 2013
2013 Review of A-Systems Visual Bookkeeper
A-Systems Visual Bookkeeper800-365-6790www.A-Systems.net A-Systems Visual Bookkeeper is a Windows-based general accounting application which has its roots in A-Systems JobView solution for the construction industry. The product has been on the market since 1978, and the company has released two significant updates to the product since our review in July 2012. The product has enough sophistication...…
February 27, 2013
Sage One offers SaaS accounting for micro-businesses
Sage One (www.sageone.com) is a business management application targeted at micro-businesses, or those with zero to nine employees. Although the product is hosted on a global platform, with different versions for the U.S., United Kingdom, and Ireland, the U.S. version of the product was designed and created after significant local market research and consultations with...…
February 27, 2013
2013 Review of Addsum — Advanced Accounting
Addsum — Advanced Accounting888-923-3786www.addsuminc.com Addsum Advanced Accounting 7i r3 (release 5) is an accounting software product designed to work with Addsum’s popular point of sale module. The application is utilitarian, and its appearance appears somewhat dated compared to some of the other products included in this review, but the application is designed for speed, not...…
February 27, 2013
The Pros and Cons of Cloud Accounting for Small Business
Many small company owners and managers already know the benefits of maintaining the business’ books correctly. They also fully realize just how time intensive it can be.
February 27, 2013
2013 Review of Acclivity — AccountEdge Pro 2013
Acclivity — AccountEdge Pro 2013800-322-6962www.accountedge.com Acclivity’s AccountEdge Pro is a U.S. small business accounting software application for both Windows and MacOS which originated as the U.S. version of global small business management system MYOB. Two former MYOB executives purchased the exclusive rights to sell the application in the U.S. in 2005, and then set up...…
February 27, 2013
Outsourcing the Finance Function: Smart Bet or Risky Business?
For years, small- to medium-sized companies have outsourced specific niche functions of their businesses, such as tax preparation, legal assistance, financial portfolio management and actuarial services.
February 27, 2013
2013 Review of SaaS and Installed Small Business Accounting Systems
Finding a suitable small business accounting application continues to be a challenge for many practitioners. While some choose to install a single solution for all clients, many accounting professionals are moving clients into cloud-based accounting applications, whether they are true Software as a Service applications (SaaS) or hosted versions of on-premises software. The summaries of...…
February 27, 2013
Is your mission statement a warning sign about the future of your firm?
Business owners are advised to craft their mission statement. Yet once developed, few refer to them, fewer live them, and worse, some mission statements hurt your position more than help it.
February 27, 2013
Disaster Recovery in the Cloud
The cloud continues to be the center of great debate. Supporters focus on the long list of benefits ranging from freeing up internal resources to focus on more strategic initiatives to smoothing the monthly IT budget.
February 27, 2013
CES 2013: New Tech Concepts In Your Firm’s Future
Roman gives his update on technology from the 2013 CES trade show.
February 27, 2013
SaaSy Accounting: Online Accounting Systems are Abundant and Capable
I’ve had the privilege of helping developers of many of the mainstream accounting software products in use in the U.S. market and the opportunity to follow many more over the last 30 years.
February 27, 2013
4 Apps for Small Business Accounting
The ability to check on the status of cash, receivables, and payables from anywhere is a critical business need.
February 27, 2013
Business Segment Planning for the Long Run
Picking the right software platform is an exceptionally important decision in every accounting firm. As you may know, I am the managing partner of an 11-person CPA firm in Bloomington, Indiana.
February 27, 2013
Intacct offers SaaS option for mid-sized and larger businesses
From the March 2013 review section of small business accounting systems. Intacct is a SaaS accounting product which really doesn’t fit the definition of a small business accounting application. Although it can be used for small businesses, it is more of a mid-market product, with features and pricing which make more sense for a larger...…
February 14, 2013
Here Comes the Baby Boomer Bubble – Valuing Your Practice for Partner Retirements
61 percent of CPA firm partners are now over age 50 and succession planning is one of the top issues of almost every firm.
