ezAccounting Application Current Version Feature List
ezAccounting Software Feature List | Windows Version |
- Unlimited company accounts - Customize form format - Customize check format - Support multiple tax code - Support multiple payment term - Support flexible document serial number | Yes |
- Input Estimates, Invoices, Payments, Refunds and non-invoice purchases - Print invoice, receipt in paper or PDF format - Multiple tax rate - Product management - Customer management | Yes |
- Input bill and pay bill - Manage Vendors | Yes |
- Built-in federal and 50 states tax tables - Unlimited employee - Automatically calculates Federal Withholding Tax, State tax, Social Security, Medicare Tax and Employer Unemployment Taxes - Supports local tax - Supports the options to withhold to extra federal and state taxes - Support 401k, retirement plan, insurance deductions and more - Flexible Pay Period: Monthly, Semi-monthly, weekly, biweekly and daily - Flexible Payment Type: Pay by Salary or Hourly Rate - Support bonus, commissions, tips, employers can add custom payment such as Pay-by-piece, pay-by-load, pay-by-project, pay-by-mile and more - Support the differential pay rate for different shift or tasks - Print paycheck directly | Yes |
- Print unlimited professional checks on both blank stock and pre-printed checks - Support multiple banking account - Reconcile bank and transactions - Customize check format - Print checks with MICR encoding line - Print checks with logo and signature - Print check with stubs - Supports Check-on-Top, check-in-middle, check-at-bottom and 3-check-per-page formats - Customize Check layout with different font, signature, logo - Add extra text labels and lines on checks | Yes |
- Company financial report (income, expense, profit & loss, cash flow, trial balance, balance sheet etc.) - Employee payroll report and forms (employer, employee report, w-2, w-3, 940, 941 etc.) - Customer report (customer balance, statement, account receivable) - Vendor report (vendor balance, account payable) - Chart of account | Yes |
- Import bulk data from .csv file to Customer, Vendor and list - Export Check data to .csv file | Yes |
- Free trial available - No monthly fee and no hidden cost. - Purchase accounting software now and get the key code instantly - Free email and livechat support | Yes |
Price | $149.00 |
By now you already know that using a cloud-based accounting software is a true blessing when it comes to managing your business. Quick and easy invoicing, estimating and expense management, clever projecting, countless add-ons, fully automated reporting are just some of the things an online accounting solution can do – for one business. But what if you own multiple entities and you want to manage all of them from the same account? This is where things get a bit complicated but, thankfully, not unsolvable.
You just have to learn the dos and don’ts of managing multiple businesses from the same account if your accounting software provides this option. But, as some of the following cases will show, you don’t have to panic if you are obliged to use multiple accounts, since these clever programs can still connect your businesses via their integrations.
Managing Multiple Companies
Having multiple businesses under the same account is anything but impossible thanks to cloud-based accounting solutions. In fact, if you are engaging in similar business activities but have the same clientele and vendors, the accounting software allows you to share the so-called master files. Aside from the shared data, one of the biggest advantages of having your businesses under the same account is the almost seamless interoperability. This means that you can perform actions which have effects on your other businesses, but the software still prepares individual business reports for each company to avoid any confusion, like accidentally entering an expense in a different currency. Another important aspect is that it is only you, the account manager, who will have access to all businesses, thus preventing others from accidentally or deliberately tampering with the data of your other companies.
MultiLedger is fully integrated, multi-user and cross-platform software for Mac and Windows. Designed for small and medium-sized businesses, MultiLedger allows you to create and send invoices, reconcile bank transactions, track inventory, monitor cash flow, generate key financial reports, and Print Forms 1099 effortlessly. MoneyWorks Gold is a solid, full-featured business accounting application that is networkable, supports multiple users, and works on both Macs and PCs. MoneyWorks offers simple access to all your. The Top 10 Accounting Software for Small Businesses in 2020. If you have a business, you need accounting software to accurately manage the financial health of your business. Jul 15, 2020 Best accounting software of 2020. Even non-accountants, can get around very easily. + VAT, the multi-user Business package is great for growing businesses and limited companies.
When you register with FreshBooks, you are entitled to a 30-day trial to check out all the features of the software with minor limitations. After the trial, your account is not cancelled so you can subscribe to your FreshBooks plan of choice.
Apple Accounting Software
However, keep in mind that almost all accounting companies treat your businesses separately: in other words, regardless of the same account, if you have multiple companies, you have to multiply the subscription fee with the number of entities.
Best Online Accounting Software of 2020
Rank | Provider | Info | Visit |
Editor's Choice 2020 |
| ||
| |||
|
Things to Look for
Like we said before, it is not impossible to manage multiple businesses through the same account. However, there are certain things you have to pay attention to, otherwise you might end up creating a mess.
Multiple Currencies
Support for multiple currencies is crucial, especially if you run businesses in different countries. Simply entering an invoice amount in the wrong currency already impacts the books of your different businesses. Therefore it’s important you pick a solution that makes it easy to enter and manage different currencies.
Separate Reports
![Software Software](/uploads/1/2/6/4/126442553/174387263.jpg)
Thankfully the accounting software knows that it deals with different companies under the same account, therefore it keeps business reports separate from each other. However, it is best to ask the help of an accountant to go through your books, in order to spot deviations and to comply with the different regulations of the countries and states you conduct business in.
Multiple CurrenciesReportingBank ReconciliationTax Rates
A Report As Seen in Quickbooks Online's App
Managing Multiple Tax Rates in Xero
Banking
This is a real catch 22: keeping different bank accounts for each of your businesses is logical, but maintaining them costs a lot. However, if you have one bank account you might end up mixing them up, because you will not be able to differentiate between bank transactions. Some accounting software will let you tag bank transactions or group them, so that you can create an overview of the transactions related to one business entity or branch specifically.
Taxing
Each state and each country applies their own tax rates – and you have to keep them separated from each other. Applying the wrong tax rate once can result in faulty tax reports, which is one of the riskiest parts of managing multiple entities through the same bookkeeping account.
Recommended Online Accounting Software
Although finding an online accounting solution with the option of multi-business accounting is not easy, it is not impossible – and we have three examples worthy of your consideration.
Xero
![Multi Multi](/uploads/1/2/6/4/126442553/499653744.png)
Although we cannot praise Xero enough for being one of the best and most versatile accounting solutions on the market, we have some grave news: unless you don’t mind that your books are merged together, Xero highly discourages its users from creating one account for multiple companies. In fact, Xero emphasizes its single-entity nature, thus you have no choice but to create multiple accounts for each of your company. However, that doesn’t mean that this top rated cloud accounting company is an option to scratch off your shortlist. There are a couple of tricks you can perform to make accounting with multiple accounts for different companies with Xero manageable. Such a trick is Xero to Xero: once turned on, the moment you create an invoice in your primary Xero account it appears as a draft in any other Xero account you own. Another way is to use a third-party reporting tool, such as Spotlight Reporting or Fathom, with which you can consolidate your financial and non-financial data.
FreshBooks
If you want an accounting solution that allows you to have multiple businesses under the same account, then FreshBooks should be your number one pick. While this software “only” knows the basics, it also sports some quirks like advanced projecting, time tracking and multi-business support, along with support for various third party services and solutions. You don’t have to be afraid of mixing data either, since the only thing that will be shared between your companies is your email ID and the login page. Furthermore, not only you can create as many additional businesses as you want, but you can also enjoy a 30-day free trial on each of them, starting from the day the subaccount for the new business is created.
Keep in mind, however, that you have to multiply the costs by the number of companies you own. Furthermore, if you want to see all FreshBooks business reports in one place, you have to rely on an add-on.
Sage One
Although you have to choose the better pricing plan out of the two and you have to pay $19.99 for the first 6 months, Sage One has the same offer as FreshBooks: managing multiple businesses from the same account. With your subscription you get all features of Sage One, including automated bank reconciliation (with the option to split transactions between various ledgers), 1099s and detailed business reports for each of your businesses. Next to real-time cashflow forecasts and payment confirmations for your vendors, you can create so-called pro-forma invoices that don’t appear in the reports until they are paid. Just remember that in order to use multiple companies under the same account, you must pay as many times the price of the subscription fee as many businesses you own.