As you search for the perfect accounting software for your small business, a new name on the scene that you might not recognize is OneUp Accounting Software.
Because OneUp Accounting isn’t necessarily a household name, you might have some questions about what this software can offer your small business.
Namely, you’re probably wondering whether or not such a new software could be the right fit for your business.
Well, you’re in the right place to figure it out.
Here’s all you need to know about OneUp Accounting Software in order to decide if it’s the right choice for your business.
New on the scene, OneUp Accounting Software is a San Francisco-based startup that aims to ease the accounting and bookkeeping pain points of the 500 million small businesses worldwide.
But just because OneUp is a new face doesn’t mean there aren’t years of trial, error, and improvement encompassed in its product—OneUp Accounting Software is the result of five whole years of listening to real small business owners and developing the software.
Not to mention, OneUp is also associated with highly-tenured names—like one of their investors, Altos Ventures, and their major partners, Google Apps and Square.
All in all, OneUp, despite being a young company, has a lot to offer small businesses with their accounting software. So, let’s dive into the details of their product so that we can see what exactly OneUp has going for them.
Now that we’ve solidified a general idea of who we’re referring to when we refer to OneUp Accounting, it’s time we get a better understanding of OneUp Accounting Software as a product beyond its brand.
So, what has this new face on the market come up with in the form of small business accounting software?
Let’s check out the details on OneUp Accounting Software:
No matter which OneUp Accounting plan your business subscribes to, you’ll gain access to all of OneUp Accounting Software’s core features.
What are the four fundamental capabilities of this accounting software?
Let’s check them out.
No matter which OneUp Accounting plan you opt for, you’ll be able to access OneUp Invoicing.
OneUp Invoicing will allow you to execute the full life cycle of an invoice, all on your own terms.
First, you’ll be able to choose from which point you want to start your invoice—you’ll be able to begin from a quote, create sales orders, or even begin invoices from scratch by hand.
Next, you’ll be able to create professional, customized invoices featuring your preferred font, your brand color scheme, and your business’s logo.
Then, you’ll be able to email the invoice you’ve created to a customer within a single click.
Afterwards, OneUp Invoicing will keep you updated with notifications on invoice status.
OneUp Invoicing will also automatically send an email reminder to customers before the invoice payment is due.
Another core feature to OneUp Accounting software is, well, its accounting capabilities.
With OneUp, you’ll be able to sync your business’s bank accounts to set up automatic bookkeeping. As you manually categorize your business’s transactions, OneUp will quickly learn how to categorize automatically so you won’t have to.
Plus, with OneUp’s smart accounting software, you’ll be able to reconcile transactions in no time—it will suggest reconciliations that you can either accept or reject in a press of a button.
Not to mention, you’ll also be able to access daily updates to your business’s cash flow and profit information, along with sales tax calculations for every period.
With OneUp’s automatic inventory capabilities, you’ll be able to set up your products with your accounting app. If you take this set up step, you’ll be able to run the automatic inventory function to validate and send orders to replenish your inventory in a single click.
The final core feature of OneUp will be its CRM capabilities.
With the CRM Opportunities screen, you’ll have your communications with leads and opportunities all in one spot—this means your CRM dashboard will feature all of your calls and quotes laid out in the same screen.
You’ll also be able to customize the quotes you send through OneUp’s CRM feature, so you’ll be able to tweak the content and formatting of a quote and even apply discounts as needed.
Having established all of the core capabilities of OneUp Accounting Software, it’s time to run through all of the plans you’ll be able to choose from should you opt for OneUp as your business’s accounting software.
You’ll have five plans to choose from—all of them will have varying capacities and monthly prices, but each plan will feature all four of the core capabilities of OneUp Accounting Software.
Let’s check out the details on each of the five plans that OneUp Accounting offers.
The first and most affordable plan for OneUp Accounting is the Self plan.
This plan will cost you $9 per month and will accommodate a single user, so it will be ideal for freelancers, sole proprietors, or sole contractors.
One thing to keep an eye out for with this OneUp plan? You won’t have access to one-on-one support like you would through any of the other, more expensive OneUp plans.
Next up in the list of available OneUp plans is the Pro plan. This version of OneUp Accounting Software will be ideal for partnerships or for business owners who want to add their accountants to their software.
Well, with this OneUp plan, you’ll be able to add up to two users on your account. And, unlike the Self plan, the Pro plan will allow you access to one on one support.
That said, you will have to pay $10 more a month—at $19 per month—to access the additional user and the support that Pro offers.
The next tier up for OneUp Accounting will be the Plus plan.
This plan will be ideal for businesses with multiple member of the team who require access to the software—including sales reps, bookkeepers, and accountants—as it allows you to attach up to three users to your account along with granting you access to one on one support.
For the extra capacity of OneUp Plus, you’ll have to pay an additional $10 more per month than Pro, at a total cost of $29 per month for Plus.
Next for OneUp Accounting will be the Team plan.
The Team plan will mirror the Pro plan and the Plus plan in its capabilities, but it will allow you to attach up to seven users to your OneUp account.
For access to the extra users that the Team plan allows, you’ll have to pay $69 a month.
Finally, your most powerful OneUp Accounting option will be the Unlimited plan. This plan comes with—you guessed it—unlimited users for $169 a month.
This version of OneUp Accounting Software will be the best fit for larger business or those that plan on rapid growth in the near future.
Now that we’ve seen all the details on your options for OneUp Accounting Software, it’s time to take an evaluative look at all of this information—what do all of these details on OneUp Accounting Software mean for your business?
While some details are good news, others might not be so ideal. Let’s take a moment to highlight the most salient details—both good and bad—on what OneUp has to offer, starting with the positives.
Put simply, the capabilities that each OneUp Accounting plan features are really good.
Having invoicing, accounting, inventory, and CRM capabilities one a single software—much less a software that you can get for just $9 a month—is a complete game changer.
And the fact that that can be said for each version of this accounting software—down to the most affordable plan—is pretty remarkable.
Additionally, the one-on-one support that you gain access to through four of the five OneUp plans is also pretty remarkable.
This support will not only help you address any problems you might have with the software, it can also be a lifeline for learning how exactly your business can make the most out of your OneUp Accounting software.
While many other accounting softwares will make you resort to either consulting confusing free tutorials or hiring expensive professional help, OneUp will provide this one on one help for free should you opt for the Pro, Plus, Team, or Unlimited plans.
All that said, just like every other accounting software out there, OneUp can’t be perfect, and it comes with its own fair share of downsides.
So, what are the most notable of OneUp Accounting’s imperfections?
Let’s take a look at the two most glaring of OneUp’s shortcomings.
First and most notably, OneUp doesn’t come with any payroll capabilities, or even the potential to tack on payroll capabilities for an additional price.
Many business owners prefer and even insist that all the data for their biggest expenses—their employees’ pay—be housed within the same software as their business’s finances.
Unfortunately, OneUp Accounting doesn’t provide any payroll capabilities whatsoever.
Additionally, if you want to avoid limits to how many user you can attach to your accounting software, then you’re going to have to pay a lot if you want to stick with OneUp Accounting Software—$169 per month, to be exact.
Many business owners will rely on uninhibited collaboration for their most useful insights, and having limits on how many users can access their accounting software just won’t do for them. However, shelling out $169 a month for accounting software simply isn’t feasible for many small businesses.
So, if you want to access unlimited users without emptying your pockets, then we suggest looking beyond OneUp Accounting Software.
The two main downsides to OneUp Accounting Software might be the two most important features for your business. Or perhaps even one of these downsides is a deal breaker for you.
Not to worry—the market for accounting software is full of stellar options, and some of them shine in the very facets where OneUp is lacking.
Let’s check out your top two alternatives to OneUp Accounting Software.
QuickBooks is an accounting software company that offers a wide panorama of accounting software solutions for businesses ranging from one-person enterprises to public corporations.
QuickBooks Self-Employed, for instance, will be the perfect, counterpart to OneUp Accounting Self for self-employed entrepreneurs.
Meanwhile, you’ll be able to add payroll capabilities to any QuickBooks Online version you choose for as little as $18 per month plus $4 per employee per month.
Alternatively, Xero Accounting Software will also offer solutions to the shortcomings that OneUP has.
For starters, you’ll be able to collaborate with unlimited users on your Xero account, no matter which of their three plans you opt for.
Additionally, you’ll be able to access payroll capabilities with you Xero account if you opt for their Standard or Premium accounts. Depending on which you opt for, you could add up to 100 employees to your payroll with Xero software.
There you have it—all you need to know about the new kid on the block, OneUp Accounting Software.
If you’re looking for stellar core capabilities and trustworthy one-on-one support, then you should like what you hear. However, if you want access to unlimited collaboration or payroll capabilities, then you should continue your search with other accounting softwares.
That said, OneUp, despite how young it is, is one of your very best accounting software options on the market, so if you like what you see, don’t hesitate to try it out with a 30-day free trial.