December 27, 2009

Outright – Free Bookkeeping for Small Business Owners


Why pay for an expensive accountant or CPA when all the tools you need to track and manage your small business bookkeeping are available online for free? That’s the question posed by Outright, a web-based money management tool aimed at streamlining the work that small business owners put into documenting and organizing their finances each month.

Like other online bookkeeping systems, Outright allows you to input your company’s income and expenses, and instantly creates an infinite number of useful charts and graphs with that data. For users of Shoebox or the FreshBooks online invoicing system, Outright has the added benefit of full-integration, which syncs your data on a daily basis and reduces the number of times you’re forced to manually input costs and figures. In addition, the system will automatically track expenses purchased with any linked-up credit card account and organize those purchases by category or amount. When tax time rolls around, Outright is there to help as well. The system automatically calculates profits based on your income and expenses, and notifies you of the amount you will need to pay in estimated taxes each quarter.

If you are a user who still needs a little guidance from a personal accountant or CPA, Outright lets you invite your personal advisor to take a peek at your online account and keep an eye on how you are doing. For any small business owner who wants financial guidance without the costs or complications associated with more the feature-packed money management systems, Outright is definitely a financial tool worth checking out.

Practical Uses:

  • Track your company’s income and expenses
  • Make charts and graphs to show which product is selling the best
  • Use Outright to help estimate your quarterly taxes
  • Give your professional bookkeeper access to see how your finances are organized

Insider Tips:

  • Save time by importing information directly from FreshBooks or Shoebox
  • Add your own categories when entering new transactions
  • Export Outright data onto your hard drive at any time
  • Import your eBay sales data directly into the Outright system

What we liked:

  • Integration with other systems reduces the chances error when inputting figures
  • Multiple charts and graphs make it easy to visualize sales and future goals
  • Outright is a free alternative to more costly bookkeeping options
  • Automatic reminders notify you when it’s time to send out 1099s or pay quarterly taxes

What we didn’t like:

  • Outright’s features might be too basic for business owners who want more options


Company Info:

  • Launched: 2009
  • Privately Held
  • Headquarters: Campbell, California
  • Founded by: Kevin Reeth and Ben Curren
  • Web site:


  • Free

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