Why pay for an expensive accountant or CPA when all the tools you need to track and manage your small business bookkeeping are available online for free? That’s the question posed by Outright, a web-based money management tool aimed at streamlining the work that small business owners put into documenting and organizing their finances each month.
Like other online bookkeeping systems, Outright allows you to input your company’s income and expenses, and instantly creates an infinite number of useful charts and graphs with that data. For users of Shoebox or the FreshBooks online invoicing system, Outright has the added benefit of full-integration, which syncs your data on a daily basis and reduces the number of times you’re forced to manually input costs and figures. In addition, the system will automatically track expenses purchased with any linked-up credit card account and organize those purchases by category or amount. When tax time rolls around, Outright is there to help as well. The system automatically calculates profits based on your income and expenses, and notifies you of the amount you will need to pay in estimated taxes each quarter.
If you are a user who still needs a little guidance from a personal accountant or CPA, Outright lets you invite your personal advisor to take a peek at your online account and keep an eye on how you are doing. For any small business owner who wants financial guidance without the costs or complications associated with more the feature-packed money management systems, Outright is definitely a financial tool worth checking out.
What we liked:
What we didn’t like: