The majority of small and medium sized businesses utilize some type of desktop accounting software to handle their book-keeping and accounting chores. Among the most prolific are Quickbooks and Peachtree. Quickbooks is now offering its own web-based solution called Quickbooks Online Edition for $24.95 per month ($300 annually). However, from a review of the comparison between Quickbooks Pro 2008 and Quickbooks Online Edition, it appears that the online edition is missing support for inventory tracking and pricing, as well as additional cost for customized invoicing, delayed billing, class tracking, and time tracking.
Another plus for the online edition is its support for 3 users plus your accountant at the $24.95 per month base fee compared with $200 per user for QB Pro. If you’re a small company with no inventory, QB Online may provide a sufficient solution, or you may be stuck on your desktop if you are in love with either the QB or Peachtree software for handling all facets of your business.
There is a very acceptable alternative that I have had a chance to review lately that has flown largely under the radar. An Ohio based software development firm, Noguska, LLC, has developed a web-based accounting software that appears to be a comprehensive solution that is completely scalable in NolaPro. NolaPro is free to download and install on your server or desktop, however you can opt for a NolaPro hosted solution for $25 per month, $60 quarterly ($20/month), or $200 annually ($16.67/month).
As an accountant I often have instances where I have one entity with multiple companies and multiple QB files and Quickbooks is slower than dirt at switching between the companies as it unloads one database and loads up another. In NolaPro, separate companies are on drop down boxes that switch nearly instantly. More than one user? NolaPro doesn’t mind as it supports unlimited users with customizable rights.
So QB roles out a new edition, you have to run out and buy the latest and greatest, and your accountant has to do the same to remain compatible. In the hosted NolaPro solution, upgrades are made automatically and free of charge, and if you choose to host yourself, the upgrade is free for download, just as the original program was. NolaPro makes its money by the natural consulting business that develops from the utilization of its software. The software is encrypted so that they have the rights to customization and such. So if you have a highly specialized invoice for customers, but you want to be cheap, you can download the NolaPro program for free and take the money you saved to hire NolaPro consultants to make your special invoice.
QB Online did not offer an inventory solution with its product, but NolaPro includes an integrated inventory/shopping cart program, where the online shopping cart is tied directly to the inventory system within the accounting package. I do not know how this works on a desktop installation, but it is pretty neat to see it work on a web-based installation.
There is a demo on the NolaPro site, but it has been messed with quite a bit and doesn’t really give you a feel of what your initial installation will look like, but it is at https://demo.nolapro.com/.
I desired to do an evaluation of Netsuite, as I have read about their solutions on WebCPA.com, but it has been almost a month since I emailed the company asking for more information and I have received no reply. However, I am happy that I found NolaPro in my search for solutions to aid the small and medium sized business customers my firm serves.