What users are saying about
3 Ratings
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Score 9.5 out of 101

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Likelihood to Recommend

LessAccounting

If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.
It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.
Shirin Elkoshairi profile photo

Feature Rating Comparison

Payroll Management

LessAccounting
9.5
Pay calculation
LessAccounting
9.0
Direct deposit files
LessAccounting
10.0

Customization

LessAccounting
8.3
API for custom integration
LessAccounting
9.5
Plug-ins
LessAccounting
7.0

Security

LessAccounting
10.0
Single sign-on capability
LessAccounting
10.0
Role-based user permissions
LessAccounting
10.0

Reporting & Analytics

LessAccounting
9.7
Dashboards
LessAccounting
9.5
Standard reports
LessAccounting
9.5
Custom reports
LessAccounting
10.0

General Ledger and Configurable Accounting

LessAccounting
9.4
Accounts payable
LessAccounting
10.0
Accounts receivable
LessAccounting
8.0
Cash management
LessAccounting
8.5
Bank reconciliation
LessAccounting
10.0
Expense management
LessAccounting
9.0
Fixed asset management
LessAccounting
10.0
Electronic tax filing
LessAccounting
8.0
Self-service portal
LessAccounting
9.5
Intercompany Accounting
LessAccounting
9.5
Journals and Reconciliations
LessAccounting
10.0
Configurable Accounting
LessAccounting
10.0
Centralized Rules Framework
LessAccounting
10.0
Standardized Processes
LessAccounting
10.0

Order Management

LessAccounting
8.0
Pricing
LessAccounting
8.0
Order entry
LessAccounting
8.0

Accounting Firm BPO Features

LessAccounting
9.5
Configurable alerts
LessAccounting
9.0
Client template cloning
LessAccounting
10.0

Pros

  • Less Accounting integrates with our business bank account as well as our corporate credit cards. All transactions are automatically pulled into the system and classified by the types of expenses. There's a lot of automation and the manual entry of data rarely occurs.
  • The System is streamlined and easy to learn. There is no need to understand monthly and annual closing of the books and the system is visually easy to follow. Online chat and email support have allowed us to make use of features we didn't know how to implement.
  • LessAccounting is highly accessible. Since this is cloud-based, my business partner and I always have our own access, our bookkeeper has access and so does our CPA for doing monthly sanity checks and for completing our taxes annually.
  • Reliability, there hasn't been a single outage or issue that I've experienced with application availability since day 1.
Shirin Elkoshairi profile photo

Cons

  • With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
  • Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
  • The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.
Shirin Elkoshairi profile photo

Likelihood to Renew

LessAccounting10.0
Based on 1 answer
It works, it keeps our historical data and is easy to use
Shirin Elkoshairi profile photo

Alternatives Considered

Quickbooks was a bit too complicated for us, FreshBooks didn't seem to offer a complete accounting system but was powerful for invoicing and Accounting by Wave was similar to Quickbooks in complexity. Since we've been with LessAccounting for over 5 years, new contenders have entered the market which we didn't evaluate such as Xero accounting and others.
Shirin Elkoshairi profile photo

Return on Investment

  • The simplicity yet full-featured accounting capabilities of LessAccounting have allowed us to develop a solid process around bookkeeping, invoicing, collections and cash flow management without detriment to the sales and marketing efforts of the firm. For the 1st five years of business, our entire bookkeeping could be completed in less than 4 hours per month.
  • So long as your financial institutions are integrated into LessAccounting, it's almost impossible to have bad balances or unreported income or expense. We've used LessAccounting to catch errors made by our financial institutions with it's really powerful, yet simple reconciliation system.
Shirin Elkoshairi profile photo

Pricing Details

LessAccounting

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details