December 8, 2010

SkyLedger – Better Bookkeeping & Accounting

SkyLedger is an application aimed at improving the way small businesses manage their bookkeeping needs online. Rather than coming out with an accounting application with 1,001 features, the creators of SkyLedger decided to keep things simple. With SkyLedger, business partners can manage their shared company accounts online; utilizing the application’s paperless ledgers and real time reports while maintaining separate logins for increased accountability.

Although SkyLedger could prove useful for freelancers and solo entrepreneurs, the application is really aimed at business partners looking for a better way to split up financial duties. From the real time dashboard, you can review all the recent financial activity going on at your company. To find out more about a particular expense, click on the activity log to get detailed information about the transaction. SkyLedger offers advanced ledger editing, which lets you quickly add in income or expenses along with scanned invoices and checks. Once all your financial data bas been entered into the ledger, you can review any of SkyLedger’s custom graphs and reports to see a general overview of your company’s finances. SkyLedger graphs come in a number of styles, allowing you to sort expenses by vendor or category with ease.

When business owners use SkyLedger, they don’t have to worry about mathematic errors or incorrect calculations throwing their company off track. Thanks to the application’s secure functionality, receipts will never get lost and invoices will never be misfiled. While SkyLedger might not be the most robust bookkeeping application around, its solid roster of useful features makes it a trustworthy alternative to the traditional paper ledgers that most small business owners still use.

Practical Uses:

  • Keep track of the invoices being paid
  • Ensure your ledger is accurate and up to date
  • Share the bookkeeping tasks with your business partner
  • Find out which clients have not paid in full for your services

Insider Tips:

  • Use the iPhone or Android apps for mobile access to accounting information
  • SkyLedger offers integration with Shoeboxed to make keeping track of receipts easier
  • Change the default currency setting to track accounts in Pesos, Euros, or Pounds
  • Attach photos to any ledger item

What we liked:

  • Users can scan checks and upload them into SkyLedger for safekeeping
  • SkyLedger costs a lot less than similar accounting applications
  • Roommates can use SkyLedger to keep track of bills and rent payments
  • SkyLedger offers full integration with Freshbooks and Shoeboxed
  • Because SkyLedger’s files are stored in the clouds, there is no reason to worry about ledgers or spreadsheets getting lost or stolen

What we didn’t like:

  • SkyLedger does not have as many features as some other accounting applications, making it necessary for users to continue their accounts with other services


Company Info:

  • Launched: August 2010
  • Privately Held
  • Headquarters: Portland, OR
  • Founded by: Spicer Matthews
  • Web site:


  • Free plan
  • Upgraded account is $5/month

Submit a Comment