CPA Practice Advisor - 17

SMALL BUSINESS ACCOUNTING SYSTEMS: REVIEW

5

Sage Intacct
www.sageintacct.com
Designed for mid-sized and growing
businesses, Sage Intacct ERP offers
complete financial and accounting
functionality, including GL, AR,
AP, Order Entry, Purchasing, Spend
Management, Cash Management, and
Reporting and Dashboard modules,
with all modules working together
seamlessly. Sage Intacct is a cloud
application, with users able to access
the application from anywhere, from

any type of device, including desktop
systems, laptops, and smart phones
and tablets.
Sage Intacct is a scalable application, with users able to purchase
the core financial modules and later
add additional modules if necessary, including a newly enhanced
Inventory Management module that
offers templates for adjusting and
transferring inventory. The inventory
module supports multiple locations

and warehouses, with users able to
define reorder points and specific
quantities for each inventory product,
and a Fixed Asset module keeps track
of asset acquisition, depreciation and
disposal while also tracking insurance
status and maintenance logs.
Sage Intacct is available via subscription, with users able to purchase
the core accounting modules and add
on additional modules when ready. A
free 30-day trial is also available for

Xero Accounting
www.Xero.com
Xero is best suited for very small businesses, sole proprietors, and freelancers that need to better manage their
income and expenses. Completely
online, Xero offers a long list of product
features including Payments, Asset
Management, Bank Reconciliation,
Expense Management, Invoicing,
Quotes, Inventory, Project Management, and Payroll, with additional
features available as well. Xero is cur-

rently available in three versions; Early,
Growing, and Established, with users
able to scale up to a more powerful
version at any time.
Xero is an online application that
can be accessed via computer, smart
phone, or tablet. The dashboard
function typically serves as the main
navigation screen, with access to the
Dashboard, Business, Accounting,
Projects, and Contacts at the top of
the screen. Data entry screens are

easily navigated and all offer look up
capability. QuickBooks users can also
import all data directly into Xero if
desired. The Budget Manager feature
allows users to create and track budget
totals, though budgets can also be created without tracking.
Xero is available in three version:
Early, which is $9 per month and
handles 5 invoices and up to 20 bank
transactions; Growing, which is $30
per month, and handles unlimited

2019
OVERALL
RATING

those interested to try out the application prior to purchasing. Pricing is
dependent on modules purchased as
well as number and type of user, with
a quote available from Sage Intacct
upon request.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21084322

4.75

2019
OVERALL
RATING

invoices and bills; and Established,
which is $60 per month, and includes
multi-currency capability as well as
expense and project management.
Those interested in Xero can try the
application free for up to 30 days.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21084312

GoDaddy Bookkeeping

Kashoo Cloud Accounting

Wave Accounting

www.Bookkeeping.godaddy.com
Popular domain registrar GoDaddy.com has introduced a
bookkeeping application that is designed for online sellers.
GoDaddy Bookkeeping includes an overview dashboard that
provides details such as new sales, uncategorized expenses,
a profit and loss chart, money received, money owed, and
estimated taxes due.
GoDaddy invoices can be easily generated in the
system, and the application will send automatic reminders
when the invoices are past due. Users can enter clients,
payments, and create estimates in the application, and
track recurring schedules for invoices as well. Invoices can
be printed in GoDaddy Bookkeeping, or emailed directly to
customers, with an option for online payment included in
the invoice. Users can also accept payments via both credit
and debit cards on any iOS or Android smartphone.
Users can review both income and expense totals
from the Business Income and Business Expenses lists and
contacts can be entered and managed in the application
as well.

www.kashoo.com
Kashoo can be an excellent resource for micro-businesses
as well as small business owners that manage a minimal
number of financial transactions. Completely web-based,
Kashoo can be accessed from a desktop application, as well
as iOS and Android smart phones and tablets.
Kashoo includes a default chart of accounts, with users
able to add additional accounts when necessary. Users can
also import a chart of accounts from another application if
desired. Kashoo easily tracks expenses, with users able to
snap a photo of a receipt or file and upload it to Kashoo., and
users can enter and manage recurring expenses, and even
print checks in the application as well. Invoicing capability is
also included in Kashoo, with users able to custom design
invoices with a logo or specific payment instructions.
Kashoo offers multiple invoice templates that can be
customized for each customer, and users can easily email
all created invoices to customers. The product supports
recurring invoices, and users can easily create customer
statements to email as well.

www.waveapps.com
Wave offers accounting, invoicing, payments, payroll, and
receipts capability in a free app that is well-suited for very
small businesses that want to track financial activity. Wave
includes a dashboard that displays a monthly cash flow
graph, overdue invoices and bills, bank account balances,
and a profit and loss graph, with users able to drill down to
originating transactions.
Users can get started quickly with Wave; just entering
an email and password, and can manage multiple small
businesses using a single email address. Upon sign-up,
users are prompted to enter banking and financial institution
information in order to link to Wave, which eliminates the
need to enter transactions manually.
Wave offers double-entry bookkeeping, with users able
to handle both income and expense tracking easily. Users
can create invoices quickly, and set up recurring billing for
regular customers. The product includes free apps for both
iOS and Android devices, so users can invoice directly from
their smart phone or tablet.

Read the full review for this product online at:
www.CPAPracticeAdvisor.com/21084327

Read the full review for this product online at:
www.CPAPracticeAdvisor.com/21084324

Read the full review for this product online at:
www.CPAPracticeAdvisor.com/21084325

JULY 2019 ■

www.CPAPracticeAdvisor.com

17


http://www.sageintacct.com http://www.CPAPracticeAdvisor.com/21084322 http://www.Xero.com http://www.CPAPracticeAdvisor.com/21084312 http://www.Bookkeeping.godaddy.com http://www.kashoo.com http://www.waveapps.com http://www.GoDaddy.com http://www.CPAPracticeAdvisor.com/21084327 http://www.CPAPracticeAdvisor.com/21084324 http://www.CPAPracticeAdvisor.com/21084325 http://www.CPAPracticeAdvisor.com

CPA Practice Advisor

Table of Contents for the Digital Edition of CPA Practice Advisor

From the Editor: It's Time to Take a New Look at Your Tax Practice
Financial Planning - How to Extend Your Firm with Personal Financial Planning
From the Trenches: Do Your Best Small Business Accounting
Point-of-Sale Systems
Apps We Love: DIY/Construction/Home Repair
The Proadvisor Spotlight: Summing it up at Scaling New Heights: 35 years of Intuit Innovation
Small Business Accounting Programs
A Year in the Life of a Payroll Accountant: Is Paid Family Leave Taxable?
How will AI and Automation Change Workers' Jobs?
5 Marketing Tips to Attract Construction Clients
Transform Your Thinking on Serving the Construction Industry
The 21st Century Accountant: How Robotic Process Automation Tools Work
The Millennial Advisor: Remote Work: It's Time
The Leadership Advisor: Innovation for Small Firms on a Budget
The Staffing & HR Advisor: Successful Succession: 7 Tips for Getting There
3 Tips to Organize and Strengthen Your Client Relationships this Summer
AICPA News
Lean Six Sigma Advisor: 5 Ways to Maintain a Positive Attitude for Change
What Millennials Want: How to Woo the Modern Workforce
Bridging the Gap: Leveraging the Four Cs to Automation and Advisory
CPA Practice Advisor - 1
CPA Practice Advisor - 2
CPA Practice Advisor - From the Editor: It's Time to Take a New Look at Your Tax Practice
CPA Practice Advisor - Financial Planning - How to Extend Your Firm with Personal Financial Planning
CPA Practice Advisor - 5
CPA Practice Advisor - From the Trenches: Do Your Best Small Business Accounting
CPA Practice Advisor - 7
CPA Practice Advisor - Point-of-Sale Systems
CPA Practice Advisor - 9
CPA Practice Advisor - 10
CPA Practice Advisor - 11
CPA Practice Advisor - Apps We Love: DIY/Construction/Home Repair
CPA Practice Advisor - The Proadvisor Spotlight: Summing it up at Scaling New Heights: 35 years of Intuit Innovation
CPA Practice Advisor - Small Business Accounting Programs
CPA Practice Advisor - 15
CPA Practice Advisor - 16
CPA Practice Advisor - 17
CPA Practice Advisor - A Year in the Life of a Payroll Accountant: Is Paid Family Leave Taxable?
CPA Practice Advisor - How will AI and Automation Change Workers' Jobs?
CPA Practice Advisor - Transform Your Thinking on Serving the Construction Industry
CPA Practice Advisor - 21
CPA Practice Advisor - The 21st Century Accountant: How Robotic Process Automation Tools Work
CPA Practice Advisor - The Millennial Advisor: Remote Work: It's Time
CPA Practice Advisor - The Leadership Advisor: Innovation for Small Firms on a Budget
CPA Practice Advisor - The Staffing & HR Advisor: Successful Succession: 7 Tips for Getting There
CPA Practice Advisor - 3 Tips to Organize and Strengthen Your Client Relationships this Summer
CPA Practice Advisor - AICPA News
CPA Practice Advisor - Lean Six Sigma Advisor: 5 Ways to Maintain a Positive Attitude for Change
CPA Practice Advisor - What Millennials Want: How to Woo the Modern Workforce
CPA Practice Advisor - Bridging the Gap: Leveraging the Four Cs to Automation and Advisory
CPA Practice Advisor - 31
CPA Practice Advisor - 32
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