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LessAccounting

Score9.5 out of 10

3 Reviews and Ratings

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What is LessAccounting?

LessAccounting is a simplified, core, cloud-based accounting platform for small businesses from LessAccounting.com based on Jacksonville, Florida. It contains expense management features (sorting by project and expense type, tracking and reminders), automated invoicing, simple business overview and reporting features (e.g. profit and loss reporting, balance sheet, receivables and payables reports, etc.), integration with bank account, document management and integration with many apps and commonly used tools, and more. It is mobile-accessible.

The Freelancer level is available for $20 per month and is suited for companies with less than 70k in revenue (or less than 10 invoices per month). The Small Business package is available for $36 per month and comes with unlimited usage and support; this mid-level is targeted at companies with less than 500k in revenue. Finally the top tiered Super Powered package is available for $54 per month and is meant for businesses with revenue greater than $500,000.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features LessAccounting has to offer, as determined by TrustRadius' reviewers.
Based on 3 ratings of LessAccounting's features
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Top Performing Features

  • Direct deposit files

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

    Category average: 7.9

  • Single sign-on capability

    The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

    Category average: 8.5

  • Role-based user permissions

    Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

    Category average: 8.5

Areas for Improvement

  • Order entry

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

    Category average: 8

  • Electronic tax filing

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

    Category average: 7.9

  • Plug-ins

    A number of third-party plug-ins are available to expand the core functionality of the software.

    Category average: 7.5

Reviews

What users are saying about LessAccounting.
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#Adulting with LessAccounting

Incentivized
Elizabeth PampaloneView profile
CEO in Marketing at The Web Design Chic (1-10 employees employees)

Pros

  • Categorize Expenses Automatically
  • Profit and loss Statements
  • Interfaces with Credit Union

Cons

  • More appealing Interface
  • Integration with Invoicing Software like Square
  • Simple Videos on accounting How-Tos for creatives (the people who find this tool most useful)

Return on Investment

  • + Less time worrying about my accounting
  • + actually reconciling my books at the end of each month or quarter
  • + being able to access my P+L anytime!

Alternatives Considered

QuickBooks Online

LessAccounting - Helps you focus on growing your business and keeping your books tight

Incentivized
Verified User
Consultant in Engineering (1-10 employees employees)

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.

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.

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.

Alternatives Considered

QuickBooks Online, FreshBooks and Accounting by Wave

Other Software Used

OmniGraffle, OmniFocus, Canva