WORK[etc] Web App Blog

This is a question we get asked often - I thought I would provide a detailed answer below.

WORKetc will take care of all of your customer-related finances. What this means is you can generate your invoice. Once a payment has been received by the client you actually get to record the transaction date, # and amount, and WORKetc will record it into your Accounts Receivable and adjust the invoice balance etc.

Any invoice which a balance of $0 is automatically marked off as paid. You might also look into offering PayPal, GoogleCheckout or Credit Card payments through your WORKetc system. As with manually recorded payments, these online payments automatically get tracked under your Finances area.
 
The benefit here is that it gives you an instant, real-time view of the progress of your business without having to refer to an outsourced book keeper or accountant.

With our Disbursements/Expenses tools you can select a supplier, and choose whether or not that expense ends up on your customer's invoice or not.  For basic accounting in a simple, small business, service-type business, you might almost get away without even needing to use a separate package unless you have an accountant that demands a certain format or if you need to manage payroll.

For most businesses though, we recommend you work with your accountant and book-keeper - remember that WORKetc exports to Quicken and a number of file formats to allow easy integration.