BooksTime BooksTime Online Review
When you sign into your dashboard, you’ll see a snapshot of your company’s financial activity, broken down into various categories. This makes it easy to quickly assess your financial performance for the current month, as well as the previous month.
Why do people hate BooksTime?
If you hate BooksTime, you are NOT alone. But, know that most of the time people hate BooksTime because (1) You can’t figure out how to do something, (2) The software isn’t doing what you expect it to do, or (3) Something might be wrong with the software.
In BooksTime Online you don’t have to worry about that because it keeps up with it for you. With Online Simple Start and Online Essentials you cannot track inventory.
Other Accounting Software
While more expensive, businesses with high levels of customized pricing, sales tax monitoring, and customer quotes might find this additional functionality useful. As such, bookkeeping the Essential plan only includes bill management and time tracking, but the Plus plan includes those two features plus tracking inventory and project profitability.
Read our guide to the best payroll services for small businesses to find a service or software that’s right for you. You’ve heard a lot of hype about the benefits of BooksTime software, but how do you know if the accounting solution is right for you?
In addition, companies that use BooksTime are going to love the interface of BooksTime Payments. Not only will you receive some help in how to hire an accountant getting it integrated, but all of your invoices, payments and bookkeeping reports are synced without you having to think twice about it.
There’s a help desk with articles that guide you through the software as well. The customer CRM is very basic but does enough to let you know contact information for all clients. Whether you’re a small service-based business or a medium-sized business with high transaction volume, you can make the platform work for your business.
In addition, all of BooksTime Payroll’s plans include access to a 401 program. It is administered by Guideline, an independent third party that handles compliance and recordkeeping at no extra cost—although there may be some 401 plan fees. For employee health benefits, BooksTime Payroll offers health insurance options through SimplyInsured, which helps small businesses find the best insurance bookstime bookkeeping for small businesses packages for their budget. If you select benefits through BooksTime Payroll, you can easily administer them through its software. List your product in the most comprehensive business software listing available. With Online Simple Start, a bill cannot be created and managed. One of the things that makes BooksTime Online shine is the on-the-go features included with the smartphone app.
Of BooksTime Online
Basically, BooksTime sacrificed correctness in the name of ease-of-use. My company has been using BooksTime since our business inception — now over 10 years ago. This review is for the BooksTime Online version, which my company now uses. For most businesses and today’s online world, BooksTime Online is the best version to choose. The online version of BooksTime is very flexible, and I personally would no longer consider using the desktop edition. If you can afford the plan for your designated business size and have straightforward accounting needs, BooksTime Online is an excellent choice.
If you haven’t already set up customer information or your products, you can do so directly from this page, which streamlines the process. If you like BooksTime, then its payroll software is a natural choice. With seamless integration, it makes calculating employee pay simple and easy; plus, it handles tax payments and filings for you. You can input payroll information by hand or, if you’re a BooksTime user, through the BooksTime accounting software. However, if you get the Premium plan, BooksTime offers a setup review to make sure everything is put in correctly, while the Elite plan gives you access to custom setup services. Once setup is completed, running payroll is as easy as putting in the hours and clicking a button.
Previously I could only access our bookkeeping records by physically going into our office. Watching tutorials, reading support pages or consulting experts for advice are all great options to learn how to use BooksTime Online for your business. It’s easy to keep thorough, detailed records with BooksTime Online. When you’re adding an expense, for example, you have the option of adding reference numbers, permit numbers, attachments and memos.
While BooksTime still offers its $40 a month plan, BooksTime Essentials, the plan isn’t highlighted on BooksTime’ main purchase page. Out of a dozen-plus apps that CNBC Select reviewed for our list of the best expense tracker apps, BooksTime Online stood out for being the best app for small business owners. The plans limit the number of users; keep in mind how many people will need to access the software when you select a plan. This accounting program is suitable for businesses with one or multiple locations, and it can also track classes if your business is organized by department.
Many customers believe the sheer mobility of BooksTime Online is entirely worth the upgrade. And despite a few minor navigational difficulties, it’s a lot easier to learn how to use BooksTime Online than BooksTime Pro. An expert in accounting, finance, and point of sale, Erica has been researching and writing about all things small-business since 2018. Erica’s insights into personal and business finance have been cited in numerous publications, including MSN, Real Simple, and Reader’s Digest. I like most of the features associated with BooksTime Online, however, as a designer myself I think there could be a greater variety in the invoice template selection.
BooksTime Desktop Packages Comparison:
You can use the shortcut command F1 to access BooksTime SmartHelp, which will take you to a live expert or a callback number for technical support. You can also use BooksTime’s BooksTime Desktop help center or contact support via phone. If you don’t want to wait on hold, you can also check out our BooksTime Pro 101 Series, which has over 30 how-to articles to help walk you through various BooksTime features and problems. When you purchase a BooksTime Desktop Plus subscription, you will be automatically upgraded to the newest version of BooksTime each year when you pay your yearly subscription fee.
However, there are free accounting software programs that can provide a good start while you figure out your accounting needs. BooksTime has fine-tuned their plans to provide varying levels of functionality at matching price points. Whether you need to start with your budget or necessary features, BooksTime makes it easy to find the plan that best meets your unique business needs. BooksTime BooksTime is an accounting platform with a wide range of features meant to put business finances directly in your hands. BooksTime has become a fixture in the business world by providing accounting software that is powerful and easy to use—no matter the size and structure of your business. In fact BooksTime is gradually moving all of its software online and has announced that the desktop version of its apps will probably be phased out from June 2021. However, the old desktop version of BooksTime for Mac has now been accompanied by a Cloud version as more accounting apps move online.
As the extras are added on however, it does increase the cost, making this more of a full service solution, rather than a value leader. A one-time session to set up your statement of retained earnings example bookkeeping will cost you $50.00. The Full-Service Bookkeeping starts at $200.00 a month, but pricing depends on your monthly expenses and can go up to $600.00 a month.
Professional accountants have new tools, including a month-end review tool. There’s a new BooksTime Business Account digital payment option aimed at small business owners now too. All BooksTime Online products are 50% off for the first three months of service, and a 30-day free trial is available on their website. All packages have the option of including payroll services with a 50% discount.
- It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers.
- They also contain links to related activities, such as invoice creation and account maintenance.
- Using any version of BooksTime, therefore, you’ll be able to complete basic accounting functions—automating and streamlining your financial processes.
- It is not the vendor or bank advertiser’s responsibility to ensure all posts and/or questions are answered.
- That’s why our editorial opinions and reviews are ours alone and aren’t inspired, endorsed, or sponsored by an advertiser.
If you use an outside accountant, you can avoid compatibility issues, since the software allows you to give them access to the system. You get all the features in both of the above-listed plans, plus access to certified public accountants. After much research and analysis of accounting software, we recommend BooksTime’s BooksTime Online as the best accounting software for small businesses in 2021. It offers affordable pricing, a wide range of accounting features and is used by thousands of small businesses.
BooksTime Payroll Overview
Most notably, with BooksTime Plus and Advanced, you can access 60+ reports, all of which can give you at-a-glance information about how your business is performing. You can contact the company for help by phone or live chat, search the company website’s knowledgebase, or ask questions in the community forum.
Multi-user support is available in the Essentials and Plus versions of BooksTime. Service supports up to five users, which should be enough for most small businesses. It’s very easy to grant access — e.g., for your accountant to see your books. Online banking — Link your bank and credit accounts to your BooksTime Online account. Their service is easy-to-use and is a good fit for most small businesses. Ecommerce Platforms is a review site that shows the good, great, bad, and ugly of online store building software.