LessAccounting is a cloud-based accounting software that offers a suite of accounting workflows, automation helpers and reporting functions to assist small businesses. We compiled information around the web for this LessAccounting review to give a quick explanation of what clients will get from the service. We also compared the most popular pricing options for small business owners.
For an in-depth comparison of three top accounting software, read our accounting software buyer’s guide.
How LessAccounting Works
LessAccounting promises to make things easier for the client so they can spend more time on higher level tasks for their business, and less on the books. The company makes it clear that they are not meant for businesses with millions of dollars in revenue or large sales teams but for businesses that are smaller in scale.
The target market for their services are freelancers, small ecommerce stores, non-profits, brick & mortar businesses and other small to moderately sized establishments.
What the software will allow a client to do, as stated on their website:
- Record business expenses
- Categorize expenses
- Send invoices and get paid
- See who owes money
- Create and send proposals
- Log trips and mileage
- Manage contacts
- Simple accounting workflows
- Import bank data
They top it all off with the ability to generate reports such as profit and loss reports, balance sheets, fixed assets, liabilities, wage reports, chart of accounts, receivables report, and payables report. All a client needs to do is connect their financial accounts to the software and it can automatically analyze and generate these reports.
If a client would rather not work on the books at all, LessAccounting also offers a bookkeeping service separate from the purchase of the software. This will connect a client with someone who will handle all bookkeeping tasks. These tasks include the initial bookkeeping setup, recurring bookkeeping help, tax advice, dealing with the IRS, as well as payroll setup and advice.
LessAccounting has specific plans for freelancers, small businesses and big businesses that range in price starting at $20 per month up to $54 per month.
(Depends on the size of the business)
|Third Party Integrations||
(Complete list of integrations here.)
All features offered by LessAccounting are available for all three plans mentioned above. The pricing bracket simply depends on how much a company/solopreneur spends per month.
Compared to other accounting software available in the market, LessAccounting has less features. Its advantage is the number of useful integrations available for their clients. LessAccounting can connect and import bank data from thousands of financial institutions, as well as integrate with well-known payroll, invoice, time tracking and project management applications like Paypal, Basecamp and ZenCash.
Best Pricing Option for Small Business Owners
Even with the numerous integrations, LessAccounting’s prices may be too steep for freelancers and small businesses especially due to the lack of vital features such as Accounts Payable. It may not be enough value for your money.
If you want to check out your other options first before making a decision, check out our comparison of top accounting software.