NewLedger Accounting Software FAQs - Your Questions Answered

Small businesses need an accounting solution that is simple, cost-effective, and automated. Compared to QuickBooks, NewLedger offers 50% more affordable pricing, AI-powered automation to reduce manual data entry, specialized tools for freelancers and solopreneurs, and a user-friendly interface designed for non-accountants.

Freelancers often struggle with time-consuming bookkeeping. NewLedger helps save hours weekly with features tailored to their workflow, including project-based time tracking, automated client invoicing, simplified quarterly tax estimates, and 87% of freelancers report saving 5+ hours weekly.

Running an online store involves complex sales, taxes, and inventory. NewLedger simplifies eCommerce accounting so you can focus on growth with automatic sales tax calculations for 50+ regions, multi-entity support, multi-currency support, and easy reconciliation of marketplace payments.

Security is critical for your financial data. NewLedger uses enterprise-grade protections to keep your information safe, including 256-bit bank-level encryption, optional two-factor authentication, and automatic backups with version history.

Maximize your deductions with minimal effort. NewLedger’s Smart Write-Offs feature makes tax prep simple and accurate by automatically categorizing tax-deductible expenses, tracking mileage using GPS, generating IRS-ready reports, and helping users identify up to 30% more deductions compared to manual tracking.

Try NewLedger risk-free with a 14-day trial and get full access to all features, including unlimited invoices and expense tracking, financial reports and dashboards, client portals for easy collaboration, bank account connections with automatic transaction imports, and no payment method required.

Switching accounting software can be intimidating. NewLedger makes migration fast and seamless with import tools for contacts, invoices, and expenses, a dedicated onboarding specialist, template matching for your existing chart of accounts, and most businesses complete the switch in under 2 hours.

NewLedger integrates with a wide range of payment processors, including Stripe and over 50 others, supports credit card, ACH, and cryptocurrency payments, and offers 1-click payment links that reconcile automatically in your books.

NewLedger supports all business types and structures, including multi-member LLCs and corporations, with features like profit distribution tracking, 1099 contractor management, and robust tools for tax season and investor reporting.

NewLedger is fully mobile-friendly and can be installed as a Progressive Web App (PWA). Add it to your home screen or desktop in one click, access the same experience across devices, stay logged in for instant use, and even work offline for certain features like viewing recent data.