This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yendo Accounting: Almost Absurdly Powerful

What you don't get
This tool is not based specifically on U.S. generally accepting accounting principles.

Yendo is an international company that focuses on doing business around the world. The tool supports not only U.S. dollars, but also dozens of other currencies -- even some obscure ones such as the Somali shilling. All this accounting globe-trotting means the system must have customizable features. And therein lies the rub.

Yes, all this flexibility is interesting, but it can also be overwhelming. Are you ready, for example, to edit your numeric chart of accounts, or manage your tax rates or otherwise define your own ledgers? If you use Yendo, without question, go through the settings with your accountant and make sure the program is properly set up to work for your business.

Bottom line
Considering the power and low cost of a tool such as Yendo, you really have no excuse for not having more accurate books by the end of the year. Assuming you start now, you should be able to tally up your top-line sales and expenses for the year and get a sense of your potential tax exposure. Then you can make year-end adjustments and sensible tax plans for next year.

And even more remarkably, you can do it all without the need of pricey software from a company such as Intuit. Accounting tools, just like every other forms of content on the Web, are rapidly becoming low or no-cost.

>To submit a news tip, email:


Follow on Twitter and become a fan on Facebook.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.03 -0.71%
FB $105.41 -0.31%
GOOG $748.15 -0.02%
TSLA $229.64 5.22%
YHOO $33.16 0.61%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs