Now, when you launch it, you see the Customer & Sales page, the top entry in BooksTimecloud’s left vertical navigation menu. Other entries in this list include Vendors & Purchases, Inventory & Services, and Employees & Payroll.

• Finding the best accounting software for your business can be a lengthy and complex process.
• On an invoice, for example, you can receive payments, bring in existing time and expense tickets, and customize the layout.
• But then they also offer integrated third-party add-ons that extend their usefulness in every area, such as inventory, payroll, time tracking, expenses, and billing.
• To support their organized sales processes, which includes creating quotes, sales orders, and sales invoices, BooksTime software can be of great help to you.

Still, some accountants have not yet started using it as they do not know much about the benefits of using this advanced software. BooksTime is user friendly for those with a strong accounting background, or for accountants who use it for their small business. Business owners can learn to use BooksTime’s features, especially with the help from the BooksTime knowledge base. Timeslips allows for time entry, time tracking, invoice creation, billing, and team collaboration—including mobile access. There is considerable overlap between the plans, and very poor documentation of the differentiation between products. We recommend speaking to a BooksTime support representative to determine which products or plans might be right for your unique business.

BooksTimecloud Accounting Review

Considering both the positives and negatives of BooksTimecloud, it’s worth looking into alternatives to the BooksTime accounting software to see if another solution will better fulfill your business’s needs. Starting with the positives, let’s see what BooksTime can offer as your business’s accounting software.

Target BooksTime customers to accomplish your sales and marketing goals. Instead of calling in and waiting on hold, get live help through BooksTime Live Tutor—an online “meeting room” with customer questions answered live by a BooksTime expert. The issue bookkeeping surrounding the BooksTime US activation service interruption has been resolved. You should now be able to activate both online and manually as normal. Backups are a critical part of protecting your business from catastrophic data loss.

You can update prices by an amount or percent for all or part of your inventory. With a simple point and click, you can globally increase or decrease prices, rounding up or down to a specific cent or dollar. Powerful Inventory – Know how much inventory you have, how much you’ve sold, and how much it’s all worth. Peachtree will even automatically update your inventory after you invoice your customers or purchase new stock from vendors. Easily Void Invoices – Voiding invoices is as easy as voiding checks! Voiding an invoice reverses out the transaction instead of deleting it. It will automatically update your balances and aging reports, while keeping an audit trail of the original transaction.

The features and benefits that you experience with BooksTime will vary depending on the edition you choose to work in. Overall, the most appealing features are its ease of use, customizable financial reports, and invoicing capabilities. BooksTime is also ideal for businesses that want to track transactions by class and location as well as apply custom tags to transactions. BooksTime will also calculate the sales tax rate to apply based on the customer’s address automatically, which is a huge benefit for e-commerce companies. BooksTime Online is a web-based accounting solution that caters to bookkeepers, accountants, and small businesses.

BooksTime offers a self-service Payroll option for businesses that want to handle Payroll internally. This add-on includes automatic tax table updates, to ensure your employee withholding calculations are in-line with US labor laws. In addition, you can choose to pay your employees by direct deposit and take advantage of e-file options for bookkeeping payroll reporting. There’s easy online access to all payroll-related information, and a payroll wizard is available to walk you through the process of setting up your business. A BooksTime Business Care annual plan or subscription with payroll and use of the current version of BooksTime is required for all payroll features and functionality.

BooksTimecloud Specs

BooksTime does not impose a hard limit on database capacity, however, individual performance will vary depending on actual number of transactions, database size, and number of concurrent users. Data management efficiencies are also realized in the BooksTime Accounting 2013 products. No matter the size and scope of your business, BooksTime Accounting has a product to help you work faster, smarter and confidently.

If you need immediate access to your company, there are also options to open the company for editing purposes. In 2020, the federal government implemented a temporary Paid Family Leave program under the Families First Coronavirus Response Act as part of COVID-19 support programs. Some states have adopted their own permanent Paid Family Leave programs to help cover costs incurred due to current and future medical issues. These states include Connecticut, Washington D.C., Massachusetts, New Jersey, New York, and Washington, with additional states coming in future releases. A good fit for small and growing businesses, BooksTimecloud Accounting offers the flexibility of cloud accessibility along with a robust selection of features you won’t grow out of. As long as your subscription to BooksTimecloud Accounting is current, you’ll also have access to all product updates and enhancements.

Customer Support Options

This multi-page tool walks you through the process of selecting a method to create a Chart of Accounts , choosing between cash and accrual, and deciding between real time and batch posting of transactions. You also select an accounting period structure and indicate when your fiscal year begins. Item Attribute Sets – Easily create and track inventory items in a product line by defining attributes such as size, color, or any attributes you define. With this functionality, you can automatically create and maintain Item Attribute sets, and your reports and lookups will reflect this for easy cross-selling, tracking, and maintaining. BooksTime Pro includes basic functionality for accounting tasks such as receivables, payables, and general ledger. I suspect it’s basically the same as the American version, except for sales tax and payroll, but I would check a review of that version for any American users. Enjoy small business accounting with cloud-native features like invoicing, cash flow, payments, and more.

Also included in each plan is a service that allows you to store your data in the cloud through a BooksTime server. When activated, you and your accountant or team members can access your data from any device with BooksTimecloud installed. Answer a few simple questions to receive a customized suggestion for the best accounting software for your business. More than 125 customizable business reports and financial statements are available. Save time with simplified navigation, enhanced integration with Excel, multi-taking screens, and comparative budgeting. Connected Users—Connect multiple BooksTime Drive users to your BooksTime Accounts data.

It is a great alternative to BooksTime, and there is a wide range of add-ons for credit card processing, payroll, and more. Internal control in your small business improves with audit trails. Best practices are built into industry-specific BooksTime accounting software for manufacturing, distribution, and construction at the Premium and Quantum plan levels.

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This review will help you understand what the software does and whether it’s right for you. Appointment Scheduling 10to8 10to8 is a cloud-based appointment scheduling software that simplifies and automates the process of scheduling, managing, and following up with appointments. Furthermore, you need not update or edit these financial reports when BooksTime Services using them for presentations. It is because they are already downloadable in impressive presentable layouts, thus saving you and your staff valuable hours at work. BooksTime has some tempting features, especially if you favor Microsoft integrations and if you are located in the United Kingdom and can take advantage of the full range of features.

Not only this but if youdo choose a BooksTime accounting software plan on an annual basis, you’ll be saving roughly two months’ worth, compared to paying for 12 months at the monthly rate. It’s also worth noting that BooksTime offers a 60-day risk-free guarantee, meaning within 60 days of purchase, if you’re not satisfied with your BooksTime accounting software, you can get a full refund. The completely cloud-centric BooksTime Online is a state-of-the-art accounting app whose features are accessible to a wide variety of users but also fully customizable for your business. It provides online access so accountants can collaborate, as well as integrates with hundreds of third-party apps designed to boost business productivity. Both BooksTime and BooksTime have various options for customers seeking support, including an extensive array of online resources that can provide assistance with basic questions.

BooksTimec Accounting

A more comprehensive discussion of the differences between the BooksTime versions appears below. Subject to approval and to BooksTime Payment Solutions terms and conditions. Additional fees, including swipe terminal for card present transactions, Internet access, and credit card required. Use your Apple® iPad on the go to display your products, write an order and even take payment. The BooksTime Mobile Sales app connects to your BooksTime software for real-time customer and inventory information when you need it. The BooksTime Security Shield feature is available to all new and renewing BooksTimecloud customers.

With its thorough customer support options and ability to scale as your business grows, it incorporates comprehensive financial tools and integration with Microsoft 365. All BooksTime Pro plans include the ability to track income and expenses, send custom invoices and quotes, and download transactions from your bank. The Essentials adds insights and reports and the ability to manage employees. The Plus plan also includes the ability to track inventory and manage budgets.

BooksTimecloud Accounting offers an outstanding selection of financial and management reports. Create a purchase order, enter and pay bills, process vendor credits, and process checks from this screen. For quick reference, the navigation area also provides you with a nice look at aged payables as well as a vendor list. If you find yourself using the same features repeatedly, you can create a shortcut to that feature for quicker access; those display in the Shortcuts option on the menu bar. Quantum, which supports up to 40 users and, with its long list of features, is the best option for established businesses. Best Of We’ve tested, evaluated and curated the best software solutions for your specific business needs.

One of the most notable features of the BooksTime accounting software plans is that they’re desktop-based with cloud data storage and backup. It’s not often you see this combination, so if you’re looking for the security and legacy associated with desktop accounting solutions, this is a big benefit of BooksTimecloud. Finding the best accounting software for your business can be a lengthy and complex process. After all, as the system that you’ll use to store your most important business financial information and manage your various accounting processes, you don’t want to take this decision lightly. And although there are numerous platforms for small business accounting on the market, if you’re looking specifically for a desktop solution, you may find that your options are rather limited. If you’re looking for a complete, desktop-based small business accounting solution with a strong feature set and exceptional customizability , then BooksTimecloud is a terrific option.

Plus, if you opt for either of the more advanced plans, your cost will grow substantially—especially if you require multiple users. With all of the web-based solutions on the market, you’re going to find platforms retained earnings balance sheet that have robust features, at much more affordable costs. Moreover, even comparing BooksTime to the BooksTime Desktop suite , it would still be accurate to say BooksTime is the more expensive option.

Help Us With Your Needs Below Well Recommend You The Most Suitable Plan At A Price Lower Than Any Other Platform

It’s priced for very small businesses, plus it offers a smart set of targeted tools and an exceptional user experience. bookstime bookkeeping for small businesses It would be hard to imagine a mobile app that encapsulated absolutely every one of BooksTimecloud’s features.

She has owned a bookkeeping and payroll service that specializes in small business for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. She also regularly writes about travel, food, and books for various lifestyle publications.