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New business tools for the New Year?

Awhile back I discovered Outright, a free bookkeeping, tax record keeping service that is designed for people involved in self employment and freelance work. I signed up for it and have been quite pleased with the over all style of it. It has a great way to keep track of your income, your yearly profit, your expenses, and your estimated taxes, including self employment taxes. It generates a lot of nice reports and easily breaks down your expenses and income for you. I see this as being a great tool for any self employed person to keep an eye on their financial side of their business and help them calculate their income, expenses and taxes in an easy to understand format.

The only disappointed aspect is that, as far as I can tell, you can’t invoice with it. If there was an invoice feature, it would be a perfect, all-in-one accounting service. But as it is, there is no invoice service. It also won’t accept any files from QuickBooks–instead it only allows you to import files from FreshBooks. It will allow you to sync with PayPal though. So you plan on usingQuickBooks, you must enter data in both places in order to utilize the services of Outright. This is rather disappointing but might be worth the hassle in the end.

But I see Outright as being a great tool that I plan on at least taking on a test drive to see how I like it. If any of you have tried it, let me know what you think!

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