#1 most frequent
United Kingdom of Great Britain and Northern Ireland
93.7%194 installations of 207
What is Clearbooks?
Clear Books is an online accounting software designed specifically for small businesses. According to the vendor, this solution caters to the needs of small business owners, accountants, construction and trade professionals, self-employed individuals, and freelancers. With its user-friendly interface and a range of features, Clear Books aims to assist in managing finances and streamlining accounting processes across various industries.
Categories & Use Cases
Top Performing Features
Accounts payable
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
Category average: 8.7
Accounts receivable
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
Category average: 8.7
Cash management
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
Category average: 8.4
Areas for Improvement
Bank reconciliation
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
Category average: 8.5
Expense management
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
Category average: 8.5
Fixed asset management
This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.
Category average: 8.1
Who Buys & Uses Clearbooks
#2 most frequent
United States of America
4.3%9 installations of 207
#3 most frequent
Australia
0.5%1 installation of 207
Clearbooks - competent, but not the best
Pros
- SaaS, so accessible by anyone, anywhere in the world via a browser
- Clear and straight forward navigation
- Good choice of management reports
Cons
- Like any SaaS product, Clearbooks is continuously evolving and being improved
- Some of the reports still need some work
Return on Investment
- I am not sure that ROI is an appropriate measure for an accounts package. The cost is around £250/year, which is a tiny fraction of the cost of a bookkeeper/finance controller/finance director/CFO.
Alternatives Considered
Xero, FreeAgent and Kashflow
Other Software Used
Xero, Sage One Accounting, FreeAgent