WorkingPoint is a cloud-based accounting software that offers invoicing, expense tracking and double entry bookkeeping for small businesses. We provide information below on how WorkingPoint works. We also compare 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 WorkingPoint Works
WorkingPoint’s online accounting service aims to make double-entry accounting simple even for users who are not accounting experts. Using WorkingPoint’s invoicing feature simplifies the accounting process by applying the debits and credits to appropriate accounts for you.
It also categorizes your business transactions with Account List, or chart of accounts. This will help you understand and keep track of what you owe, own, spend and receive.
You can also manage account activity, view a list of all your transactions via the General Journal, perform adjusting and closing activities, and analyze your finances through key financial reports. Reports include the balance sheet, income statement, and a cash flow statement.
WorkingPoint only has two payment plans, the Lightning plan at $9 per month, and the Thunderstorm plan at $19 per month. The main differences between the two are the number of users who can access the software, the number of invoices allowed, and the availability of recurring billing.
|Adjusting and Closing Activities|
|Recurring Invoice Plans|
|Bills and Expense Tracking|
Both payment plans mentioned in the table above offer all of WorkingPoint’s basic features. Premium features such as recurring invoices, tax reports, and collecting payments via Paypal are only available with the Thunderstorm plan.
WorkingPoint has a contact form on their website for clients to send inquiries, and a help center for self-service support. There is also a feedback forum for current users of the product.