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LessAccounting

LessAccounting

Overview

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.…

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Learn from top reviewers

#Adulting with LessAccounting

Rating: 10 out of 10
January 22, 2019
IncentivizedVetted ReviewVerified User
I had been with Quickbooks Online for several years due to the urging of several accountants. When I learned at the end of year 1 with QO that it had not imported ALL of the i...
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Elizabeth Pampalone
Consultant - Marketing
CEO
The Web Design Chic
LessAccounting2 years of experience

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

Rating: 9 out of 10
January 10, 2019
IncentivizedVetted ReviewVerified User
In my first few businesses, I used traditional accounting software installed on a laptop. For ease of access, we decided to use a cloud-based accounting package. LessAccountin...
Continue reading
Verified user
Consultant
LessAccounting5 years of experience
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Pricing

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LessAccounting

LessAccounting

N/A
Unavailable

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…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

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.

LessAccounting Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(3)

Community Insights

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!

Users have found that Less Accounting is a valuable tool for managing their finances and simplifying the accounting process. The software offers several key use cases that have been praised by users. One of the primary benefits of Less Accounting is its effectiveness in invoice management and tax filing, making work faster and more efficient. Users appreciate the ability to keep track of bank accounts, pay bills, generate invoices, and monitor incoming and outgoing money, saving them time and making accounting easy and intuitive. Compared to other accounting programs like Quickbooks, users have found Less Accounting to be less complicated and time-consuming.

In addition to these core features, Less Accounting offers flexibility for users to tag expenses and income, which makes it easier to report to various state and local agencies. This feature has been particularly beneficial for businesses with complex financial reporting requirements. Moreover, the software serves as an excellent CRM package for marketing teams by providing tools to manage contacts and suppliers, design plans, and collect information on potential customers. Users have praised the easy installation process of Less Accounting as well as its accessibility and user-friendly interface.

Furthermore, the software has exceptional customer service with friendly, prompt, and knowledgeable staff and support teams. Users appreciate the time-saving features of Less Accounting, especially when it comes to invoicing clients and during tax season. Freelancers have found this product to be a great tool for tracking finances, sending invoices and proposals, importing bank transactions, categorizing transactions, and generating reports.

Despite the overall positive feedback, some users have experienced issues with syncing accounts and reauthentication which has led to frustration with the software. However, Less Accounting has been widely praised for its efficiency in managing financials and providing good reporting capabilities. Startups without full-time accountants or bookkeepers have found it particularly useful in accurately tracking income and expenses as well as generating profit and loss statements and reports.

Overall, users find that Less Accounting streamlines their accounting processes while providing essential features for financial management. Its user-friendly interface, time-saving capabilities, and excellent customer support have made it a preferred option for many businesses and freelancers.

Simple to use: Many users have found Less Accounting to be simple and easy to use. They appreciate the intuitive interface that allows them to get started quickly, even with zero experience in accounting or bookkeeping. Some reviewers mentioned that they were able to organize their bills and keep everything in place easily, which was a tiring task before using Less Accounting.

Good customer service: The attentive customer service provided by Less Accounting has been praised by several users. They mention that the setup process is quick and that the support team is responsive and helpful. Reviewers appreciate having access to reliable support whenever they need assistance.

Robust functionality: Users have highlighted the robust functionality of Less Accounting's system for accounting tasks such as billing, invoicing, and accounts receivable management. They mention that the software covers all necessary features and provides a comprehensive solution for their financial needs. Additionally, some reviewers compare Less Accounting favorably to other brands, stating that it is easier to use and offers better support than larger competitors like Quickbooks or Zero.

Lengthy Process to Upload Statements: Several users have expressed their dissatisfaction with the time-consuming process of uploading statements in the software. They feel that it is a backward application and would prefer a software or app that makes this task easier.

Lack of Integration with Newer Platforms: Some users have mentioned that they stopped using the software because it does not integrate with some newer platforms. This limitation has made it difficult for them to streamline their accounting processes, leading to frustration and inconvenience.

Limited Functionality for Larger Businesses: A number of reviewers have stated that the software may not be suitable for complex accounting calculations or larger businesses. They feel limited by the available tools and believe that it is more suitable for small-scale accounting purposes.

Reviews

(1-2 of 2)
Companies can't remove reviews or game the system. Here's why

#Adulting with LessAccounting

Rating: 10 out of 10
Incentivized
January 22, 2019
Use Cases and Deployment Scope
I had been with QuickBooks Online for several years due to the urging of several accountants. When I learned at the end of year 1 with QO that it had not imported ALL of the items from our credit union and I needed an accountant pretty much to reconcile it, I set out on the lookout for a new system that I could manage on my own and one that was Credit Union friendly. That is when I found LessAccounting, to keep track of all our income and expenses and provide us with accurate profit and loss statements and reporting.
Pros and Cons
  • Categorize Expenses Automatically
  • Profit and loss Statements
  • Interfaces with Credit Union
Likelihood to Recommend
I love LessAccounting and I recommend it to everyone who has had a bad experience with Quickbooks or who is using another system altogether. I tell my clients and colleagues that this is the accounting system for those who don't get accounting!
LessAccounting Feature Ratings
General Ledger and Configurable Accounting (21)
52.38095238095238%
5.2
Accounts payable
100%
10.0
Accounts receivable
N/A
N/A
Cash management
100%
10.0
Bank reconciliation
100%
10.0
Expense management
100%
10.0
Time tracking
N/A
N/A
Fixed asset management
100%
10.0
Multi-currency support
N/A
N/A
Multi-division support
N/A
N/A
Regulations compliance
N/A
N/A
Electronic tax filing
N/A
N/A
Self-service portal
100%
10.0
Global Financial Support
N/A
N/A
Primary and Secondary Ledgers
N/A
N/A
Intercompany Accounting
100%
10.0
Localizations
N/A
N/A
Journals and Reconciliations
100%
10.0
Enterprise Accounting
N/A
N/A
Configurable Accounting
100%
10.0
Centralized Rules Framework
100%
10.0
Standardized Processes
100%
10.0
Inventory Management (4)
N/A
N/A
Inventory tracking
N/A
N/A
Automatic reordering
N/A
N/A
Location management
N/A
N/A
Manufacturing module
N/A
N/A
Order Management (7)
N/A
N/A
Pricing
N/A
N/A
Order entry
N/A
N/A
Credit card processing
N/A
N/A
Cost of goods sold
N/A
N/A
Order Orchestration
N/A
N/A
End-to-end order visibility
N/A
N/A
Order exception Resolution
N/A
N/A
Payroll Management (5)
N/A
N/A
Pay calculation
N/A
N/A
Benefit plan administration
N/A
N/A
Direct deposit files
N/A
N/A
Salary revision and increment management
N/A
N/A
Reimbursement management
N/A
N/A
Reporting & Analytics (3)
100%
10.0
Dashboards
100%
10.0
Standard reports
100%
10.0
Custom reports
100%
10.0
Customization (2)
100%
10.0
API for custom integration
100%
10.0
Plug-ins
100%
10.0
Security (2)
100%
10.0
Role-based user permissions
100%
10.0
Single sign-on capability
100%
10.0
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
I had been with QuickBooks for a few years (unwillingly) at the behest of accountants. It took me a while to realize there were other options out there and I needed to begin a hunt to find them. I found LessAccounting. While it's not the most appealing software, it sure helped me see the breakdown of things and allowed me to reconcile my books without feeling like I needed a degree in Accounting.

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

Rating: 9 out of 10
Incentivized
January 10, 2019
Verified User
Vetted Review
Verified User
LessAccounting
5 years of experience
Use Cases and Deployment Scope
In my first few businesses, I used traditional accounting software installed on a laptop. For ease of access, we decided to use a cloud-based accounting package. LessAccounting is used by all the partners + our bookkeeper in our firm. It allows easy access by multiple users at no additional cost and allows us to focus on our business.

While I have at least 4 accounting classes under my belt, along with knowledge of bookkeeping, the idea of closing out each month, closing out the quarter and the year isn't appealing. I don't feel that it should take long to look at our monthly expenses and pay the bill. Since our bank has an API and is accessible by the software, there's no reason why our accounting system and our bank shouldn't be in perfect sync in all cases. We need efficiency as our business model is fairly straight forward. We felt that in this regard, LessAccounting solved the issue for us.
Pros and Cons
  • 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.
Likelihood to Recommend
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.
LessAccounting Feature Ratings
General Ledger and Configurable Accounting (8)
86.25%
8.6
Accounts receivable
80%
8.0
Cash management
70%
7.0
Bank reconciliation
100%
10.0
Expense management
80%
8.0
Electronic tax filing
80%
8.0
Self-service portal
90%
9.0
Intercompany Accounting
90%
9.0
Configurable Accounting
100%
10.0
Inventory Management
N/A
N/A
Order Management (7)
22.857142857142854%
2.3
Pricing
80%
8.0
Order entry
80%
8.0
Credit card processing
N/A
N/A
Cost of goods sold
N/A
N/A
Order Orchestration
N/A
N/A
End-to-end order visibility
N/A
N/A
Order exception Resolution
N/A
N/A
Payroll Management (5)
38%
3.8
Pay calculation
90%
9.0
Benefit plan administration
N/A
N/A
Direct deposit files
100%
10.0
Salary revision and increment management
N/A
N/A
Reimbursement management
N/A
N/A
Reporting & Analytics (3)
93.33333333333334%
9.3
Dashboards
90%
9.0
Standard reports
90%
9.0
Custom reports
100%
10.0
Customization (2)
65%
6.5
API for custom integration
90%
9.0
Plug-ins
40%
4.0
Security (2)
50%
5.0
Role-based user permissions
100%
10.0
Single sign-on capability
N/A
N/A
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 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.
Other Software Used
Users and Roles
4
2 Partners, 1 bookkeeper. 1 CPA. Our partners use the system to forecast cashflow and to understand overall health of the business. Additionally we use it to understand where our biggest expenses come from.

Our bookkeeper is able to keep our financial situation updated in nearly real time due to the bank and credit card integrations.
Support Headcount Required
2
Our original founding partner uses LessAccounting to determine the health of the firm while our bookkeeper stays on top of invoicing, bill payments and aged receiveables.
Business Processes Supported
  • Full Financial accounting
  • Invoicing clients
  • Reporting
  • Tax Reporting and Prep
Innovative Uses
  • Our clients are able to look at their current unpaid invoices by clicking on a URL included with electronic invoicing
  • We have automated recurring invoices for clients that bill the same amount each month.
Future Planned Uses
  • We may use this for quotes and proposals for clients that can be turned directly into sales orders or invoices.
  • May enter mileage and expenses via a mobile app when available
Likelihood to Renew
10
It works, it keeps our historical data and is easy to use.
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