LessAccounting Review - why 3.9 stars?

Shlomi Lavi / updated: Sep 15, 2022

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What is LessAccounting?

LessAccounting is a project accounting and billing management software solution for your business. The software was designed by Less Everything Inc., headquartered in Florida, United States. Other than finance and billing, the software also helps you in tax management and fund accounting.

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Who is it best for?

The software has basically been designed for small and medium businesses. Industries that have commonly deployed this software include advertising, computing, consulting, information technology, e-commerce, consumer products, internet publishing, and entertainment.

If you are in need of a simple accounting solution that can streamline your workflow and perform all the accounting and billing calculations, you should consider using LessAccounting. The software has been successfully used by thousands of customers from wide range of industries. Some noteworthy clients include Adam Shea Photography, Little Duck Organics, FortySeven Media, and Sunjammers etc.

Main features and functionalities

The software offers a variety of useful features related to billing & invoicing, workflow, accounting, and tax management. There are also various add-on modules that can be used in conjunction with the core features.

Core accounting features of the software include accounts payable and receivable, activity based costing, general ledger, and time & expense management. For billing & invoicing purposes, you have the features of contact management, e-commerce, invoices, and recurring billing.

The software allows you to prepare balance sheets, business activity statements, and sales reports with reasonable level of customization. You also have the workflow features of bank reconciliation, bank sync, and credit card processing.

In addition to the core features, you have the facility of using various add-ons that you can purchase separately. These add-ons include business intelligence, customer relationship management, and e-commerce.

What is the actual cost?

The cost of license starts at $24 per month. ITQlick pricing score is 2.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for LessAccounting. You can also find here pricing information from LessAccounting's website.

Pros

• You have the option of using separate add-ons with the core features of the software.
• For the purpose of tax preparation, LessAccounting provides you with business activity statements.
• The software allows you to record and categorize business expenses.
• For business proposal creation, the software provides you with free templates.
• You can send and receive online invoices and track the payments associated with them.

Cons

• The software does not have any multi-currency and multi-language capabilities.
• Billing & invoicing module of the software does not offer the features of automated billing, automated transactions, and credit card processing.
• Reporting features of LessAccounting do not include budgeting & forecasting, cash flow statements, and custom dashboard reports.
• There is only one tax feature of business activity statements. Additional features such as multiple sales taxes and 1099 support are missing from the software.
• LessAccounting does not offer the workflow features of automated journal entries and trial balance.

How it stacks up?

Access a head to head analysis of LessAccounting vs alternative software solutions.

Frequently Asked Questions (FAQs)