Here is a list of some of the Software as a Service Financial Systems available on the web today. Like all applications, these have their strengths, focus and weaknesses. Also, there are quite a view Invoicing systems available today. The main issue is how do you get that data easily into your financial system. Some do all aspects, like Saasu:
Saasu - This is probably the closest you will get to an online system of the same calibre as MYOB and Quickbooks. It does all of the regular accounting modules you would expect. It allows private branding of your systems as well as invoices,statement and the like. Can be free if you do less than 15 transactions per month.
Invoiceplace - As the name suggest it does invoicing. The twist on this one is that there is an inventory management module. It is pretty limited in that aspect. Payments can be received by PayPal and other payment gateways are coming. The invoicing module allows resending of invoices and statements.
Winkbill - good customisation allowed for templates. Reminders, Invoices, Statements with a Dashboard to give you an overview. Payment gateways are a bit limited.
FreshBooks - the usual plus a Contractor module aimed at making it easier to work with contractors. They can do timesheets and these can be turned into expenses. If you have a lot of contractors, it is worth a look.
Cashboard - Invoicing, time tracking, projects and estimates are the focus for this site.
As you can see there are plenty of companies doing this today. The main features to look for are:
- GST and understanding of ATO rules
- different currencies (most sites are US based)
- ability to download transactions or an API into you main financial system
theBizWiz
http://www.boulterassociates.com.au/
http://www.informgroup.com.au/
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