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February 9, 2010

WorkingPoint – Manage Your Small Business Finances

Whether you’re interested in a tool to help you manage invoices, track expenses, promote your business, or view your real time cash positions, WorkingPoint is an application that offers all of those services and more. Instead of signing up for multiple service-specific accounting tools across the web, WorkingPoint puts all of the tools necessary for small business accounting into one, easy-to-use application that can be accessed from any computer at any time.

Similar to other online invoicing applications, WorkingPoint helps you create invoices in an instant—allowing you to customize your invoices with a company logo, and save information such as item lists and customer contacts. After inputting the number of each item you have in stock into the system, WorkingPoint will begin tracking your inventory and notify you if you are ever running low.

Of course, invoices and inventory tracking aren’t the only features offered through WorkingPoint. The total accounting system also includes expense management, tax reports, financial reporting, contact management, and an online company profile that lets potential customers find you on the web. If you run a small business and need a better way to track expenses and cash flow, then WorkingPoint is a full-service application with all the features you could need to manage your company online.

Practical Uses:

  • Track inventory and see how many of each product you have left in stock
  • Send professional-looking invoices to clients
  • Create a 1099 report for freelance workers
  • Get help creating an estimated tax report

Insider Tips:

  • WorkingPoint uses sales tax figures from your invoices to generate a custom sales tax reports
  • Import contacts from your address book into the WorkingPoint system
  • Save clients and vendor information once to speed up invoicing in the future
  • Keep track of vendors and purchasing history

What we liked:

  • No limit on number of customized invoices you can send
  • Integration with online banking accounts with paid plans
  • Monitors which products are your top sellers
  • Ability to collect payments with PayPal.

What we didn’t like:

  • Certain business tools such as time tracking and project management are absent from this application

Alternatives:

Company Info:

  • Launched: May 2009
  • Privately Held
  • Headquarters: San Francisco, California
  • Founded by: Ridgley Evers
  • Web site: http://www.workingpoint.com

Costs:

  • Free account
  • Premium account is $10/month

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