Outright.com Website Review & Ratings + Outright.com Coupons
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Outright.com Website Review & Ratings + Outright.com Coupons

Often small business organizations, budding entrepreneurs, freelancers and the like, do not have very complex bookkeeping requirements. Yet, this segment of users may not be well-conversant with whatever simple accounting aspects or tax related issues concern them. In addition, such accounting work might become boring and tedious, effectively eating away time that could have been allocated to other business activities. This is where Outright.com pitches in.

First thing this online service does is pulls all your financial information from different sources, such as bank accounts, PayPal, credit card accounts, etc. to create an organized piece of information at one place. Outright automatically categorizes the items according to type, all the while, leaving room for the user to make alterations. The data snapshot is presented in the form of easy-to-understand charts. Relevant items are also classified as per IRS guidelines to estimate taxes and create Schedule C (Form 1040). The tax payments due date alerts are really helpful in keeping a track of the user’s statutory requirements. Outright omits out what is usually not important for its targeted user segment, such as invoicing, inventory management, payroll accounting, etc.

Outright.com: What makes it different?
  • Unlike leading accounting services, such as QuickBooks, Outright.com is very simple to operate. It has dropped all complex and unnecessary features, which may be of no use for small entities.
  • There is no need for data entry with Outright.com services, which is the starting point in case of several competing services in the market.
  • The Company offers separate functionality for accounting and tax professionals for providing related services.
  • Offers platform for easy involvement of the customer’s CPA or accountant. Since the system does not allow any type of funds transfers, the accountant can alter only the relevant data. This adds s layer of safety for the customer.
Outright.com vs. primary competitors (sites similar to Outright.com)

Yendo, Kashoo, QuickBooks Online, FreeAgent, Less Accounting, Intacct and ClearBooks are some of the competitors of Outright.com. Yendo is an international player that offers a comprehensive accounting system with remarkable simplicity. Certain features in Yendo, such as branded invoices, budgeting & forecasting, developer API and four types of service options, places it one step ahead of Outright.com. In addition, it has free membership for individuals. Strong web presence and mobile applications also give Yendo an edge over Outright. Kashoo, one of the other close competitors, offers bank reconciliation facility, which has been a problem area with Outright. Kashoo also provides similar services as Yendo and both support multiple currencies. Outright makes up by allowing automatic integration with Freshbooks (billing and invoicing), Shoeboxed (digitizing paper based data), Xpenser (online expense management) and Ebay (online retail operations). When compared with competition, Outright.com lags behind on reporting front with a limited number of possible options. Similarly, it may fail to present a holistic view of the business as it is completely based upon cash accounting, instead of mercantile accounting. Overall, Outright.com should now consider addressing its sore points particularly when its services cease to be free and it has started moving ahead as a serious market player.

Outright.com: Pricing & packages

Since its inception and until recently, Outright.com has been providing completely free services. Now, as the Company has gained some visibility and has become a recognized name in the market, it has priced its services. A new customer can use the site free of cost for first 30 days and thereafter, there is recurrent monthly fee of $9.95. Compared with close competitor, Intuit’s QuickBooks Online Simple Start, Outright offers much economical services. Kashoo charges $9.95 per month and Simple Start costs $12.95 per month, once the initial trial period of 30 days is over. Though this development has not gone well with the users, considering the competitive pricing rolled out by Outright, it is a justifiable move.

Outright.com: Product images & screenshots
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Outright.com: Customer reviews & comments

Though Outright is not accredited by Better Business Bureau, it enjoys ‘A-’ ratings and has had no customer complaints in last 3 years. Here are some customer reviews from around the web:

“OutRight seems like a very reliable tax application for small business owners. I am still not sure if it is better than going to an actual accountant though.”

Moneyedup  

“The task I like least comes from keeping track of all of our expenses and income. I've tried other programs, but Outright on Autopilot makes me WANT to do the books, because most of the hard work is done for me. This truly is the only way to go!”

Andrew

“I think the glaring weakness of this app is not being able to track your cash balance. Cash is king for small business. I’d like to see them add a check register for that reason. As a CPA, I like that the software allows for pretty simple Import from csv file. I also like that I can tag multiple transactions to edit or delete.”

Bill Miranda

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