jbritten's dashboard

It cost an extra $500, which is like 2.5 - 3 hours of my CPA's time getting familiar with LessAccounting and generating the balance sheet.

I'm a tiny company of 1. Can't get much smaller than that. LessAccounting works great for me -- I love it. I'm just passing along feedback from my CPA that it's a fine solution, just missing a balance sheet. I think adding this one little report to the rest of your reports would go a long way in helping your users, and their CPAs. – jbritten, on March 13, 2009 03:47

My CPA said it was more than just asset depreciation. They said the balance sheet also tracks ownership equity (which changed for me this year) and something to do with my accounts (maybe invoices sent but not collected?). I subscribe to LessAccounting so I don't need to think about accounting or balance sheets. I don't want to have to create one manually and sent it to my accountant -- this is what my accounting software should do for me.

I am very happy with my CPA. I trust they are not over-billing me or want to get me "hooked" on QuickBooks so they can answer questions. They want me on QuickBooks because 99% of the world is on QuickBooks and it makes their job easier. I have told them that I do not want to use QuickBooks, because it's expensive and complicated. They are happy supporting me if I use LessAccounting, but have told me that I can expect slightly higher bills for tax preparation because they are unfamiliar with LessAccounting and it doesn't provide them with everything they need (e.g. balance sheet). – jbritten, on March 12, 2009 21:52

I just got hit with a $1100 accounting bill from my CPA firm (double that of the year prior) for a 2008 tax return. They're blaming the bill increase on LessAccounting, saying it isn't a complete accounting solution and that the absence of a balance sheet made things extra difficult (and time consuming).

This is my desperate plea that you guys add a balance sheet before the end of 2009.

I also use Bank of America (specifically, Bank of America (All except WA & ID)) and just configured auto-import. The current balance reported by LA is WAY off. Actually, it appears that many, many duplicate transactions were imported. Now my LA account is an absolute mess. Sort of wishing I could take back the import.

It seems like the system would be able to handle the situation where users already have LA accounts filled with transactions from their bank accounts. Did I do something wrong? Will this all get cleaned up automatically by some brilliant nightly cron task?