Financial Freedom

The Easiest Way To Do Taxes With Online Income

accounting

I went over this same product awhile ago when I talked about how I used it for my personal budget. At that point I was using it for the wrong purpose, this time I’m going to talk about how to use it for you online business.

Outright.com is the best, easiest, and most automated online accounting program I’ve ever used. It will automatically categorize your expenses based on where the purchase was made. It also gives you the chance to re-categorize either just that one expense or all of the expenses that match. And of course you can create your own categories.

It’s so easy to get everything organized.

When you first login to look over your expenditures it shows you a graph of the last 3 months expenditures and if you’re in the red or not. I love that, I can tell if I’m spending too much as soon as I get there.

On the left side it has 3 spots, 1 for your accounts, 1 for the money you need to collect, and 1 for the money you owe. It’s really a great overview of your business and it’s all on the first page.

Honestly, the best part about the whole program is that it automatically does the calculations for how much your quarterly taxes are, as well as yearly. Sweet! It even breaks down all of your expenses to make filing taxes a breeze.

It’s so simple and has a very clean interface. I highly recommend it for anyone with an online business that wants to make figuring out your taxes so much easier.

It used to be free but they just recently switched over to a monthly payment. Luckily I’m grandfathered in so I don’t have to start paying until next year (It’s good to be a grandfather :) ).

Anyways, it’s still well worth the $9.95 a month and I will pay that as soon as it’s my time.

They even offer a free 30 day trial so that you can see what it’s all about.

I couldn’t recommend it any more highly. It’s such a great product and I’d probably pay $25 a month for it, so it’s a steal.

Try Outright for Free

Ps I do get a couple of bucks for you signing up but I’d recommend it either way. This is just a plus :)

Have you used Outright before? What did you think of it?

What program do you use to keep track of your accounting?

 

Comments (7)

  • Personal Finance Buzz…

    Your story was featured in Personal Finance Buzz! Please visit and promote your article….

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  • The Easiest Way To Do Taxes With Online Income…

    Want an accounting program that will make your life easier? Check out this review….

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  • Hi Kevin,

    I do Outright’s social media and blog management and I wanted to thank you for this awesome review! Outright is all about empowering entrepreneurs, so it seems like yourconcept “financial freedom guerrilla” is a perfect fit. Stop by and chat with us at the Outright Community sometime! :)

    (http://entrepreneurs.outright.com)

    Reply
  • Interesting stuff. Gonna do my taxes online for this first time this year given some free stuff I got for promotions. We’ll se how it goes!

    Reply
  • Well, It’s an outstanding review. I’ve heard of it before, but never used. After reading your notes I am definitely will do my taxes in it. It will help a lot and would keep me out of a trouble.

    Reply
  • Cool stuff, I wonder what is offered for Canadians.

    Reply
  • Outright is a great accounting program. I love how it recommends how much to pay in estimated taxes. There are a few downsides to automating your accounting, but overall I’d recommend it to business owners!

    Reply

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