Adminsoft Accounts Reviews

Pros

I've found this software to be incredibly user friendly and reliable when it comes to managing finances. For startups or businesses searching for a great, no cost accounting solution, I would definitely recommend giving this a try.

Cons

When I first started using it, the learning curve was pretty steep and the interface sometimes felt a bit cluttered, especially when managing multiple user accounts.

Pros

Generating income statements, balance sheets and statements of cash flows is very easy. AP/AR and general journal entries with debits and credits are simple to handle. Adding and removing accounts is easy and each account can be classified by cash flow type, department and budget. Setup offers plenty of flexibility. I know bookkeeping well and the program is worth the investment. Even the free version includes most of the software. I use it personally but would gladly use it for a small business. It includes inventory and fixed asset tracking, including a list of company vehicles and can create income statements by department. There's a lot you can do from a financial accounting standpoint. A human resources section is included too though I'm not sure how the taxes would work. For detailed financial statements and easy debit-and-credit entries like those used in accounting courses, this is the program.

Cons

The balance sheet doesn't total assets, liabilities and owners' equity. You also need some accounting knowledge especially with double-entry bookkeeping. That isn't a drawback for me but it could be a deal breaker for others.