Name: Cheqbook Accounting
Author: Cheqbook

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Cheqbook Accounting is an online accounting software designed to provide a fast and easy accounting solution for both beginners and professionals. This software is marketed as suitable for small to medium-sized businesses and is used by various professions and industries, including small business owners, freelancers, bookkeepers, accountants, and artists and creative professionals.

## Key Features

**AccuScore Smart Categorization**: According to the vendor, Cheqbook Accounting offers AccuScore Smart Categorization, a feature that automatically imports and categorizes transactions, providing assistance in identifying transactions that require attention.

**Unlimited Simultaneous Users**: Cheqbook Accounting allows for unlimited simultaneous users in all plans, which the vendor claims promotes collaboration and efficiency.

**Accrual Accounting**: The vendor states that Cheqbook Accounting supports accrual accounting, allowing businesses to track revenue and expenses when they are earned or incurred.

**Cash Reports**: Cheqbook Accounting provides cash reports, which the vendor claims offer insights into a company's cash flow and facilitate informed financial decisions.

**Journal Entries**: According to the vendor, Cheqbook Accounting allows users to create journal entries, ensuring accurate and comprehensive bookkeeping.

**Can Reverse**: The vendor states that Cheqbook Accounting enables users to reverse transactions, allowing for easy correction of errors or adjustments.

**Memos by Line Item**: According to the vendor, Cheqbook Accounting allows users to add memos to individual line items within transactions, enhancing the accuracy and clarity of financial records.

**Duplicate**: Cheqbook Accounting includes a duplicate feature, which the vendor claims saves time by eliminating the need to manually enter similar transactions repeatedly.

**Chart of Accounts**: Cheqbook Accounting provides a categorized list of all the accounts used in a company's financial records, helping organize and track various financial transactions, as stated by the vendor.

**Add and Edit Chart of Accounts**: The vendor states that Cheqbook Accounting allows users to add and edit the chart of accounts, providing flexibility in customizing it to align with specific business needs and preferences.

QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.

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QuickBooks Online

Sage Accounting is online accounting software made to simplify life for small business owners, entrepreneurs, and freelancers by providing the functions needed to take care of daily business to-dos. 

Users can create and send professional quotes and invoices, track income and expenses and know where the business' financials stand. Every Sage Business Cloud Accounting subscription includes unlimited access to support as well as automatic backups and product updates.

Sage Accounting

Cheqbook Accounting

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Accounting software automates and streamlines financial management, from core functions like accounts payable and receivable to complex tasks like ledger management and reporting. They are aimed at enhancing accuracy, providing real-time financial insights, and ensuring compliance. Advanced systems integrate with other business tools, supporting everything from expense tracking to payroll. Explore user reviews and comparisons to find the best accounting software for your business.

Cheqbook is automated real-time accounting for small business, learning from you &amp; others in your community to categorize downloaded bank transactions automatically. Our patent pending approach also includes a managment tool to quickly identify the items that need attention.

This SaaS mimics the check register approach of Quickbooks, offers bill pay and customer invoicing and allows accountants access to all their clients.

Cheqbook

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Cheqbook Accounting

Overview

What is Cheqbook Accounting?