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.
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?