There’s another new accounting Web 2.0 application on the block, Less Accounting. I got excited when I read what it is not–Quickbooks, but I just spent about 10 minutes with the beta version and sometimes less is just less.
I understand that the goal is to make accounting simpler, but I can’t really figure out the thing that I think is most important for any and all of the new apps, the ability to import your banking transactions. That is one reason why I like Wesabe. Quickbooks Desktop and the even the troublesome Quickbooks online facilitate that.
One thing I see is that Less Accounting breaks accounting down to the basics–money in and money out.
Plus, on their home page they say something that I tell all my clients, “Quit wasting your valuable time trying to be an accountant.” [That's my job!]
April 19, 2007 at 5:19 pm |
The way forward in internet accounting is to provide functional accounting systems as a low cost/ high benefit alternative to pc based systems. But there must be a return to the developers of such systems else they will never continue to improve. Hopefully, with support this system may evolve into a better system. I know how hard it is to keep up the effort to get your site right.
As the developer of the cabenet Legal Trust / General Accounting System writting the code for the site is just the begining. Nice to have found the blog.
June 22, 2007 at 7:28 pm |
The ability to import bank transactions is very important. Who wants to type all that stuff in ? Tedious…
Even though I’m a CPA I have a basic question I hope you’ll kindly take the time to answer. I just started doing bookkeeping for a tax client (so far my business has been tax prep and non profits). I wanted to download her bank account tranactions onto QB at my home office desktop. I had to ask for her login and password and felt uncomfortable doing that. How do you handle downloading bank information? I obviously need login and passwords. How do you protect yourself if anything goes wrong on the account (ie identy theft). Thnaks for the blog.
Carol
July 23, 2007 at 10:38 pm |
Don’t get her password or sign in. Ask her to download the file and e-mail it to you.
Thats what we do.
Hope this helps.