Hi, I am looking for info regarding FREE bookkeeping or accounting systems on line that can be used in two locations (different states).
Thanks in advance, LUCKIEST
I am using Wave, and like it a lot. My consulting business is just starting out but I have past experience with QuickBooks, and find that Wave does everything QB does, but is much easier to use.
They are a relatively new company, so you have business risk to worry about. If they go belly up, and their servers go dark, your data goes with it. That's a common risk for most online systems. Wave does allow you to create a sort of backup by exporting the data in Excel spreadsheets.
GnuCash is free (open source). It is more similar to QuickBooks in that all the data resides on your local system rather than "in the cloud".
I found Wave very easy to use. I have just two quibbles with it; one, for some reason the PDF version of the invoices doesn't reproduce my logo well, and two, it is an on-line solution from a relatively new company trying to earn money by advertising. I have nothing against advertising, of course, but I wonder if that revenue model will enable them to continue to host it for free.
For now, I'm using it and enjoying it. It integrates very well as a Google Apps offering.
Last I knew (a few years ago) people complained Gnucash was more geared toward household finances, not business. Has that changed?
I'm waiting for tax season to blow over, then I've got a couple of accountants who are going to test Postbooks with me. Postbooks is also free and opensource (like Gnucash) but can probably be installed on a public web server so that you can get at it from anywhere. I'm also guessing that you can hit it with a phone or tablet, but can't yet say for sure.
I'm curious as to how Wave is free. It looks like it's ad supported, but I wonder if they're pulling a Facebook and selling some data to advertisers as well.
My enthusiasm for Wave has waned a bit, and I'm switching back over to Quickbooks for my business. One reason is that so many small businesses, who are my target market, use QB now, so I should stay familiar with it. The other is that I'm a bit concerned about tax issues with Wave. They appear to have a Canadian focus based on the nomenclature they use, and I'm not positive that there won't be something missed in the translation.