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.…
#Adulting with LessAccounting
LessAccounting - Helps you focus on growing your business and keeping your books tight
Pricing
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
- About
- Tech Details
What is LessAccounting?
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 Systems | Unspecified |
---|---|
Mobile Application | No |
Comparisons
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Reviews and Ratings
(3)Community Insights
- Business Problems Solved
- Pros
- Cons
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.
Attribute Ratings
Reviews
(1-2 of 2)#Adulting with LessAccounting
- Categorize Expenses Automatically
- Profit and loss Statements
- Interfaces with Credit Union
- 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)
- Accounts payable
- 100%10.0
- Accounts receivable
- N/AN/A
- Cash management
- 100%10.0
- Bank reconciliation
- 100%10.0
- Expense management
- 100%10.0
- Time tracking
- N/AN/A
- Fixed asset management
- 100%10.0
- Multi-currency support
- N/AN/A
- Multi-division support
- N/AN/A
- Regulations compliance
- N/AN/A
- Electronic tax filing
- N/AN/A
- Self-service portal
- 100%10.0
- Global Financial Support
- N/AN/A
- Primary and Secondary Ledgers
- N/AN/A
- Intercompany Accounting
- 100%10.0
- Localizations
- N/AN/A
- Journals and Reconciliations
- 100%10.0
- Enterprise Accounting
- N/AN/A
- Configurable Accounting
- 100%10.0
- Centralized Rules Framework
- 100%10.0
- Standardized Processes
- 100%10.0
- Inventory tracking
- N/AN/A
- Automatic reordering
- N/AN/A
- Location management
- N/AN/A
- Manufacturing module
- N/AN/A
- Pricing
- N/AN/A
- Order entry
- N/AN/A
- Credit card processing
- N/AN/A
- Cost of goods sold
- N/AN/A
- Order Orchestration
- N/AN/A
- End-to-end order visibility
- N/AN/A
- Order exception Resolution
- N/AN/A
- Pay calculation
- N/AN/A
- Benefit plan administration
- N/AN/A
- Direct deposit files
- N/AN/A
- Salary revision and increment management
- N/AN/A
- Reimbursement management
- N/AN/A
- Dashboards
- 100%10.0
- Standard reports
- 100%10.0
- Custom reports
- 100%10.0
- API for custom integration
- 100%10.0
- Plug-ins
- 100%10.0
- Role-based user permissions
- 100%10.0
- Single sign-on capability
- 100%10.0
- + 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!
LessAccounting - Helps you focus on growing your business and keeping your books tight
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.
- 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.
- 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.
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.
- 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
- Pricing
- 80%8.0
- Order entry
- 80%8.0
- Credit card processing
- N/AN/A
- Cost of goods sold
- N/AN/A
- Order Orchestration
- N/AN/A
- End-to-end order visibility
- N/AN/A
- Order exception Resolution
- N/AN/A
- Pay calculation
- 90%9.0
- Benefit plan administration
- N/AN/A
- Direct deposit files
- 100%10.0
- Salary revision and increment management
- N/AN/A
- Reimbursement management
- N/AN/A
- Dashboards
- 90%9.0
- Standard reports
- 90%9.0
- Custom reports
- 100%10.0
- API for custom integration
- 90%9.0
- Plug-ins
- 40%4.0
- Role-based user permissions
- 100%10.0
- Single sign-on capability
- N/AN/A
- 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.
Our bookkeeper is able to keep our financial situation updated in nearly real time due to the bank and credit card integrations.
- Full Financial accounting
- Invoicing clients
- Reporting
- Tax Reporting and Prep
- 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.
- 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