BooksTime Vs BooksTime

BooksTime accounting

The company offers a 30-day free trial so you can thoroughly test the software before deciding if it’s right for your business. This review is for small business owners who want to learn about FreshBook’s accounting software and why it’s our best pick for invoicing.

We’d love to hear from you and encourage a lively discussion among our users. Refrain from posting overtly promotional content, and avoid disclosing personal information such as bank account or phone numbers. If you think a cloud accounting platform might be a good fit for your business, you’d do well to consider both of these options. The program reportedly doesn’t work well for larger or more complex businesses, such as those that need inventory tracking and vendor management. Here’s a look at the different client limits, side by side, based upon the plan you choose. Naturally, you’ll have to crunch the numbers and make that call for yourself.

Product Reviews Unbiased, expert reviews on the best software and banking products for your business. Best Of We’ve tested, evaluated and curated the best software solutions for your specific business needs. Alternatives Looking for a different set of features or lower price point? Check out these alternative options for popular software solutions. Accounting Accounting software helps manage payable and receivable accounts, general ledgers, payroll and other accounting activities.

What percentage does BooksTime take?

Will I be charged transaction fees? There is no monthly or set up fee to use BooksTime Payments. You will be charged transaction fees, taken directly from your deposit, at a rate of 2.9% + 30c for most cards.

Particularly beneficial to the self-employed who have likely been saddled with a bunch of features they really didn’t need, BooksTime is a breath of fresh air. If you’re looking for easy invoice creation, good expense management, and time-tracking capability, look no further than BooksTime. And with expenses that you DO want to rebill the customer for, there’s no easy, BooksTimeive way to handle marking up those expenses for goods or services to make a profit on. In order to do that, you must first add the expenses to the customer invoice, and then modify each line item expense amount up to the amount you want the customer to pay. You can do this with expenses to some extent, but it’s just awful to work with, when compared to BooksTime, BooksTime, FreeAgent – pretty much anyone else.

Supported Languages

Custom invoices can be created in BooksTime that can be printed and mailed, or emailed directly to customers for easy online payment. Each invoice records how much your client paid and whether there are any outstanding balances, so you don’t have to manually track this information. Harvest accounting software focuses on team and time management. It offers time tracking, cash flow invoicing, expense tracking and time-based reporting to give owners that real-time financial snapshot they need when managing a business. Mentioned earlier, users can indicate payment preferences for each vendor and customer, which includes an online payment option. Users can also charge customer credit cards, with invoices offering a link to a quick payment option.

BooksTime is for freelancers, entrepreneurs, and small business owners and their teams. Some of the customers that gain the most value in using the software are designers, marketing agencies, plumbers, IT professionals, lawyers, architects, web professionals, and others. Second, there are no batch-invoicing shortcuts, which would be useful if, for example, you’re invoicing multiple customers for the same service at the same rate. The software allows you to schedule recurring invoices to be sent weekly, monthly, annually or as frequently as you choose.

  • While BooksTime is more focused on invoicing, payment processing and basic bookkeeping.
  • You can also make the invoice recur at specified intervals, either automatically or manually, and set up online payments.
  • If you’re looking for a cheaper or even free alternative accounting system, keep reading.
  • Custom invoices can be created in BooksTime that can be printed and mailed, or emailed directly to customers for easy online payment.

If you are in need of a new invoicing and accounting platform for your business, I highly recommend giving BooksTime a try. With a couple of clicks, BooksTime will generate powerful reports that give you deep insight into your business. With the newly redesigned BooksTime, they make it clear that they don’t plan on slowing down any time soon. In fact, BooksTime may have even managed to make invoicing fun. My “Tech Troop” is an online group of users and other reviewers that love all-things technology and know how to leverage it to make money. For this review, I have only trusted those that have experience with both Harvest and BooksTime for their opinion.

Work Anywhere With The BooksTime Mobile App

A BooksTime Chrome extension can be activated to enable time tracking to synchronize from apps such as Asana, Basecamp and Trello. This gives businesses greater certainty that they will bill for the correct number of hours spent on a project, based on a predetermined hourly rate. In today’s highly competitive cloud accounting industry, the New BooksTime acknowledges the need for user simplicity in terms of its time-saving features.

If you need to review a report while you’re away from your computer, you’ll have to use a browser to access your account, which is less convenient. Another plus with BooksTime is when you invite your customers to projects. They can set up a client account that allows them to comment on documents, such as proposals and estimates. You can reply to their comments and share files and links with them. They can also save their credit cards on file, making it easy for them to pay new invoices. Setting up an account is a quick process, requiring minimal steps. There’s no credit card required to open a trial account; you simply enter your email address and create a password, then click on a link in a confirmation email you are sent.

The Premium plan costs $15 per month and supports up to 500 clients. This plan includes everything in the Plus plan, as well as more reporting and client-tracking capabilities.

While an estimate is simply a breakdown of the services you will provide along with an estimate of their cost, a proposal is a more formal document that displays the value of the services you provide. If an estimate is approved by your client, you can easily convert it into an invoice with a few clicks. BooksTime has added a ton of features recently, all designed to make your life easier. These include the Quick Expense Creation feature, which allows you to create an expense directly from the Expenses tab instead of having to click over to another screen. Construction Management CoConstruct CoConstruct is easy-to-use yet feature-packed software for home builders and remodelers. This review will help you understand what the software does and whether it’s right for you. Business Checking Accounts BlueVine Business Checking The BlueVine Business Checking account is an innovative small business bank account that could be a great choice for today’s small businesses.

CMS A content management system software allows you to publish content, create a user-friendly web experience, and manage your audience lifecycle. Say for example, you get an invoice from a programmer who did work for you on 4 different projects in a given time period. Most vendors will just send you an itemized invoice with all the billable time across the various projects. Each line item on your bill must be entered into BooksTime one line item at a time, and you cannot correlate them easily to know that they are all part of one bill/invoice. BooksTime also can’t help you with managing when your bills are due.

Connect The Apps You Use Every Day

More payment options for the client are available with no hidden fees. Online payment setup can be done in one click, as well as accepting credit card payments online, in person, or over the phone. Other payment features include scheduling, international currencies with Stripe, auto-generated collected payment reports, and more. Double-Entry accounting features identifies revenue bookkeeping items and related expenses for accurate calculation of profits and losses. BooksTime offers several pricing plans, which can be paid either month-by-month, or yearly up front. All plans include customizable invoices, accept credit cards and ACH bank transfers, free customer support, dashboards, estimates, secure information storage, project budgets, and powerful reports.

Does BooksTime do payroll?

BooksTime doesn’t offer payroll services, but we do offer an integration with a partner we believe in: BooksTime. BooksTime is an easy-to-use payroll, benefits and HR software built specifically for small businesses.

If you need multiple users, therefore, BooksTime pricing can grow quickly. Comparing BooksTime to other accounting software options, some solutions—like Wave or BooksTime accounting—include an unlimited number of users with all of their plans, at no additional cost. Just as BooksTime mobility is a significant advantage, so is the platform’s overall ease of use. By all accounts, adjusting entries software is BooksTimeive, flexible, and user-friendly, regardless of your previous accounting or business experience. With the BooksTime mobile app, you can utilize the majority of your plan’s features right from your smartphone, or you can even use the web version of BooksTime from a mobile browser.

Overall, regardless of which version you opt for, BooksTime accounting software has an impressive list of features and capabilities. Moreover, if you want to add team members, you’ll pay an additional $10 per user, per month. Just as is the case with the Lite version, if you want to add team members to BooksTime Plus, you’ll have to pay $10 per user per month.

It’s affordably priced, has multiple invoicing features and is easy to use, making it ideal for business owners who send a lot of invoices. BooksTime gives you the info and time you need to focus on your big picture—your business, team, and clients. The app uses a payment network to automatically import credit card and deposit transactions from a wide range of financial institutions, making your job easier with less manual inputs.

Like most accounting software solutions, there is no setup, monthly, or hidden fees associated with receiving payments, but there is a fee with each transaction to cover the backend cost. If you bill over $150,000 a year, there are lower rates available. BooksTime accepts VISA, MasterCard, AMEX, and Apple Pay and guarantees you will receive your payment in 2-3 days. A few clicks can give your client the information they need to close the sale quickly using BooksTime Estimates feature.

If you don’t have a proficiency for accounting, systems like BooksTime are great, so I enjoyed the simplicity of it. The problem is – it’s just way too simple and there are some major gaps in functionality. Very little improvements or features were tweaked or added in the system during the entire time I used it which is pretty unsual for a web based service. Roman Mars described BooksTime as beautiful and really well-designed. In particular, the invoicing, ability to accept online payments, tracking of expenses could not be simpler, in his opinion. However, it does have time-tracking and project management features. BooksTime offers more than 80 apps and integrations, allowing you to connect this accounting software to many other business services and systems you may already use.

BooksTime accounting

Although not part of their standard plan offerings, BooksTime also offers a solution for businesses whose accounting needs go beyond the Premium plan. This service, called BooksTime Select, is available on a quote basis by contacting BooksTime directly. Similarly, like the other BooksTime plans, it will cost 2.9% + $0.30 per transaction for credit card processing and 1% per transaction for bank transfers. If you’d like to opt for BooksTime Advanced Payments, you’ll pay an additional $20 per month fee. With the BooksTime Plus plan, however, you also have the option to buy BooksTime Advanced Payments, where you’ll have access to a virtual terminal to accept payments manually or over the phone. Similarly, if you accept credit card payments or bank transfers with this plan, you’ll face the same 2.9% + $0.30 and 1% transaction fees, respectively. Moreover, if you want to enable BooksTime Payments or Stripe to accept credit card payments, you’ll pay a per-transaction fee of 2.9% + $0.30 for credit cards and a 1% fee on bank transfers.

The number of billable clients is the only differentiator between BooksTime Plus and Premium. The second BooksTime plan option, BooksTime Plus, offers a step up from the Lite version. For a limited time, BooksTime is offering 60% off for 6 months on Lite, Plus, and Premium plans when new users skip the 30-day free trial period and opt to buy now.

BooksTime accounting

If you opt for this version of BooksTime accounting software, then you’ll be able to attach up to 50 active clients to your account at a time. Plus is the most popular version of BooksTime accounting software—and with additional features and greater client accommodation, this is a solid solution for a variety of small businesses. This version of BooksTime accounting software is well-suited for micro or very small businesses. In particular, BooksTime Lite would be a worthy home-based business accounting software option, as well as a great option for freelancers or contractors. In terms of integrations, on the other hand, BooksTime accounting software offers tools that range from CRM software to inventory management apps to payroll software and more. Some noteworthy apps available in the BooksTime marketplaceinclude BooksTime, Google Suite, BooksTime, Hubspot, Zapier, Shopify, and Slack.

NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. BooksTime offers a 30-day free trial for new users, designed to make it easy for business owners to get a feel for the platform so they can see if it’s right for them.

If you buy through affiliate links, we may earn commissions, which help support our testing. OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.

At Fundera, Randa specializes in reviewing small business products, software, and services. Moreover, BooksTime includes a mobile app for on-the-go account access, as well as the opportunity to connect to over 700 third-party tools.

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