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LedgerLite has become a go-to solution for organizations of various types, thanks to its simplicity, speed, and effectiveness in record …
Starting at $99 one-time fee
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What is LedgerLite?
LedgerLite is a shareware accounting system designed to provide a user-friendly general ledger or cashbook for organizations of all sizes. It is suitable for students learning double-entry bookkeeping as well as small to medium-sized businesses and accounting entities. According to the vendor, LedgerLite...
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$99
Cloud
one-time fee
Entry-level set up fee?
- No setup fee
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
- About
- Tech Details
What is LedgerLite?
LedgerLite is a shareware accounting system designed to provide a user-friendly general ledger or cashbook for organizations of all sizes. It is suitable for students learning double-entry bookkeeping as well as small to medium-sized businesses and accounting entities. According to the vendor, LedgerLite is utilized by accountants, bookkeepers, small business owners, finance professionals, and non-profit organizations.
Key Features
User-friendly Interface: According to the vendor, LedgerLite features a user-friendly interface that enables easy navigation and usage for individuals new to double-entry bookkeeping. The intuitive design allows users to efficiently access and manage their financial information without requiring extensive training or technical knowledge.
General Ledger and Cashbook: LedgerLite offers comprehensive general ledger and cashbook functionality, empowering users to track and manage their financial transactions. Users can record income, expenses, assets, liabilities, and equity in the general ledger, providing a comprehensive overview of the organization's financial health. The cashbook feature facilitates the tracking of cash inflows and outflows, simplifying the monitoring and reconciliation of bank balances.
Dynamic Account Balances: According to the vendor, LedgerLite dynamically calculates account balances, enabling users to generate standard accounting reports for any desired date or period without the need for period close or roll-over. This flexibility allows users to retrieve real-time financial information and generate up-to-date reports, providing valuable insights into the organization's financial position.
Secure Data Management: According to the vendor, LedgerLite ensures the secure management of financial data by maintaining strict access controls and not providing any backdoor access to accounting data. Users have complete control over their accounting data, which can be securely stored on their own computer or USB stick. The software eliminates the need for data to be stored in the cloud, offering enhanced privacy and security for sensitive financial information.
Easy Data Transfer: According to the vendor, LedgerLite simplifies the process of transferring accounting data to other individuals or external parties such as accountants. Users can effortlessly share the LedgerLite EXE file and the database file, facilitating seamless collaboration and data exchange.
Portability and Backup: LedgerLite requires no installation and can be directly run from a USB stick or a computer's hard drive. According to the vendor, this portability feature enables users to access their financial data by simply plugging the USB stick into any Windows computer, providing flexibility and convenience. Users can easily backup their data by copying the program and data files to a USB flash drive or another storage device.
Scalability: According to the vendor, LedgerLite is designed to accommodate the growth of businesses and adapt to their changing needs. As the organization expands, LedgerLite can handle an increasing volume of financial transactions while providing the necessary accounting capabilities.
Reliable and Stable: According to the vendor, LedgerLite is recognized for its reliability and stability, with many businesses worldwide relying on its consistent performance. The software eliminates common software issues, enabling users to focus on their accounting tasks without interruptions or technical glitches.
Customization Options: According to the vendor, LedgerLite offers customization options that allow users to tailor the software to their specific business or accounting requirements. Skilled programmers can utilize the available Delphi source code for the application Framework to build customized enterprise-level systems based on LedgerLite's architecture.
LedgerLite Features
- Supported: Accounts Receivable
- Supported: Bank Reconciliation
- Supported: CPA Firms
- Supported: Expense Tracking
- Supported: Fixed Asset Management
- Supported: General Ledger
- Supported: Financial Reporting
- Supported: Accounts Payable
- Supported: Budgeting/Forecasting
- Supported: Fund Accounting
- Supported: Inventory Management
- Supported: Multi-Currency
- Supported: Nonprofits
- Supported: Project Accounting
- Supported: Tax Management
LedgerLite Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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LedgerLite has become a go-to solution for organizations of various types, thanks to its simplicity, speed, and effectiveness in record keeping. Users have found the software to be particularly useful for audit purposes, as it allows for easy recording of financial transactions and generation of financial reports. The editing features provided by LedgerLite enable users to quickly correct minor errors, reducing the need for multiple journal entries. This not only saves time but also ensures the accuracy of the records.
The software's versatility is another key use case. Users are able to record different sources of income, review assets and liabilities, and track expenditures for tax return preparation. Additionally, LedgerLite provides a valuable record of asset purchases, which can be useful for warranty and replacement information. Many users rely on LedgerLite for their final accounting needs, finding that it simplifies the process and eliminates the need for additional software or professional accountants.
One standout feature that users appreciate is the ease of use associated with LedgerLite. Whether they are new to bookkeeping or have experience with other software, users report that there is almost no learning curve when starting with LedgerLite. The software is simple, cheap, and does not require extensive training to operate effectively. Moreover, LedgerLite has gained a reputation for being reliable, with users rarely encountering breakdowns or bugs.
In addition to its functional capabilities, LedgerLite offers excellent customer service to its users. Customers value the opportunity to communicate directly with the software engineer responsible for developing the program. This level of support fosters trust and reliability in the product.
Overall, LedgerLite's key use cases include streamlined record keeping for audit purposes, simplified financial transaction recording and reporting, asset tracking for warranty and replacement information, and providing cost-effective alternatives for final accounting needs without hiring professional accountants. The software's ease of use, reliability, and excellent customer service make it an attractive option for organizations across various industries looking to simplify their bookkeeping processes and save time and money.
Intuitive and Simple User Interface: Many users have praised LedgerLite for its intuitive and simple user interface. They have found it easy to navigate and use, allowing them to start using the software right away without any steep learning curve.
Effective Double-entry Accounting System: Reviewers with extensive accounting experience have commended LedgerLite for being a highly effective double-entry accounting system. It has allowed them to easily register financial transactions, make corrections, generate essential reports, and gain a deeper understanding of their business finances.
Good Customer Support: Users have expressed satisfaction with the customer support provided by Responsive Software for LedgerLite. They have mentioned that their questions were promptly answered via email or live chat, demonstrating good responsiveness from the support team.
Difficult to Document Transactions: Several reviewers have expressed frustration with the lack of journal numbers and voucher numbering in LedgerLite, making it challenging to maintain control over documenting transactions accurately.
Confusing Trial Balance Feature: Some users have found the trial balance feature in LedgerLite to be confusing. They mention that it only allows for generating a trial balance for the entire accounting period since it began, rather than specific periods. This limitation can be frustrating and time-consuming for users who need to analyze their financial data by specific timeframes.
Limited Functionality without Inventory and HR Modules: Reviewers have pointed out that LedgerLite lacks inventory and HR modules, limiting its functionality for businesses that require these features. This omission may make it less suitable for organizations that rely on managing inventory or personnel information within their accounting software.