Thursday, April 20, 2017

My Choice ZipBooks - Your personal free accountant

The application I chose is zipbooks.  https://app.zipbooks.com/  It is a cloud based accounting tool for individuals or small businesses to help manage their expenses and create invoices for customers.

The have several reasons why I selected this as my choice tool. I needed a better way to organize my expenditures to assist with my taxes at the end of the year.  I currently use a spreadsheet to manually keep track of my transactions throughout the year to help separate my business cost and my personal transactions.  This is very tedious work and not very efficient for a small business.  This application allows you import expenses from your accounts (banks, CC, etc..) details.  After you have imported the data, all you need to do is categorize the transactions and add any additional notes if you want.  

You also can manually input your transactions, if you don’t want to import the data from your bank or CC. You can also add new categories to help keep your expenses in categories your understand.  It also allows you to create invoices to send to your vendors.  And it integrates with Google drive, and Chrome. The best part is it’s FREE!   

It’s easy to use. You can sign up via Google or create your account. After that, then it asked you to set up a bank to pull the data from. You can just start entering manual transactions without a bank set up, if you want.  There are plenty of features for a freelancer or a small business owner to use too.  The interface is clean and easy to navigate through the application.  I have not downloaded the mobile app but you can upload receipts easily. 

Many small business or freelancers have been using this web tool to keep them better organized with their business.  Many people have found it easier to prepare their taxes because they can easily download reports to show what transactions they made.  Others wanted a cheap and easy to use an accounting software for themselves.

I would use zipbooks for my ecommerce business to help separate my personal expenses.  With little resources to help on regular accounting, zipbooks will simplify the work when it comes to prepare taxes.  It will help shows the amounts coming in and out of the business.  I will use it professionally.  Someone could easily use it for personal, if he or she has a very business life with many expenses to manage. 

As far as what I want zipbooks to say about me?  I guess that I take my finances seriously and don’t want Uncle Sam to take more than he needs to.  And I like to take advantage of quality free productivity tools. Ha!  

I want to be a secure as possible with my finances.  There are a lot or privacy measures that zipbooks puts in place for protection. Since it is a cloud-based software, I can securely use the tool anywhere there is a connection.  You can read the privacy and safety measure zipbooks takes for their users here:  https://zipbooks.com/security/    


I learned that this is rated one of the top accounting software and it’s free.  Not many are free. I checked out the Waveapp accounting tool (free too) and it’s a lot limited to what you can do with the categories.  It was also slower with uploads.  Here is a review on zipbooks https://reviews.financesonline.com/p/zipbooks/  

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