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Every year, The Sleeter Group – a firm that helps business owners and accountants work together – conducts a competition to identify the best tech and software services for small-business accounting and finance. Some are add-ons to QuickBooks, while others are stand-alone products that can make your life easier, and help improve profits.
In order to qualify for what Sleeter calls its “Awesome Add-On” awards, the product or service must come from a solid company with a reputation for outstanding customer support. The product must also show superior design, implementation and features, integrate effectively with QuickBooks and other software solutions, and conform to good accounting principles.
These recent winners are worth considering for a small business:
• Bill.com Receivables. This service, which is an upgrade ($5/month) to a Bill.com Payable account, is great for any business that sends invoices to customers and wants to offer the option to pay electronically, online.
By allowing businesses to manage the entire accounts receivable process in the cloud, Bill.com has taken a big leap forward. In addition to sending electronic invoices and reminders, you can receive payments online and by credit card, and customers can access their own portal (for free) to see their invoicing and payment history.
• Bill & Pay, from Skyhill Software, is great for small businesses that want to streamline their receivables process online. Bill & Pay automatically uploads invoices from QuickBooks, Peachtree, Great Plains and other accounting software into a Web portal where they can be tracked and managed. There’s also an “Easy Invoice” feature that lets you create your own invoices without using any accounting software.
• ViewMyPaycheck, from Intuit, lets QuickBooks payroll users upload paycheck information to the cloud, where employees can securely access pay stubs, vacation/sick time balances and W-2 forms. Employees can view, print or download copies of their payroll information anytime, from anywhere. This is free for QuickBooks Payroll subscribers at all levels, including Basic.
• ExpenseWatch.com is a Web-based time-and-expense reporting tool that helps you streamline the process of time tracking, expense reporting, as well as purchasing and invoicing. ExpenseWatch includes modules for expense reports, purchasing and AP invoice management that you can subscribe to individually, or as a fully integrated expense control suite. •