What is NewLedger?
NewLedger is an advanced online accounting software solution tailored for small businesses, freelancers, and entrepreneurs. The platform leverages AI-powered automation to minimize manual bookkeeping, manage invoicing, monitor expenses, and generate detailed financial reports in real-time. With a wide range of integrated features including online payments, quotes, estimates, client management, project tracking, and a chart of accounts, users can manage all aspects of their finances from a secure, mobile-friendly platform.
NewLedger also includes industry-grade encryption, role-based team permissions, and customizable workflows to ensure data security and operational flexibility. The software supports multi-currency, global tax compliance, and seamless migration with dedicated onboarding support. Whether operating as a solo professional or running a multi-entity business, NewLedger provides the tools needed to save time, boost revenue, and maintain audit-ready compliance efficiently.
Features
- Automated Invoice Management: Create, customize, and send professional invoices with payment tracking and reminders.
- Smart Expense Tracking: Automatically categorize and manage expenses with real-time insights and tax-ready records.
- Online Payments Integration: Accept payments via Stripe and 50+ supported methods including credit card and ACH.
- Project-Based Profitability Tracking: Monitor revenue, costs, and profit margins at the project level.
- Real-Time Financial Reporting: Generate balance sheets, profit & loss statements, trial balance, and custom analytics.
- Multi-Business & Multi-Currency Support: Manage multiple business entities and bill in 140+ currencies.
- Customizable Chart of Accounts: Tailor financial categorization to unique business needs.
- Client & Vendor Management: Centralize contacts, track billing, and streamline collaboration.
- Automated Tax Management: Track deductions, write-offs, and calculate taxes for compliance.
- Role-Based Permissions & Security: Control team access with granular permissions and advanced encryption.
Use Cases
- Automating invoice creation and sending for freelancers and agencies
- Centralizing expense tracking and financial reporting for startups
- Managing multiple entities and currencies for international businesses
- Streamlining project-based accounting for consultancies and creative agencies
- Simplifying tax preparation and deduction tracking for small business owners
- Providing client and vendor management for service providers
- Migrating seamlessly from other accounting platforms like QuickBooks or Xero
- Supporting secure, collaborative financial workflows for growing teams
FAQs
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How does NewLedger compare to QuickBooks for small businesses?
NewLedger offers more affordable pricing and AI-powered automation, reducing manual data entry and providing specialized features tailored for freelancers, solopreneurs, and small businesses. -
Can NewLedger handle accounting for eCommerce businesses?
Yes, NewLedger simplifies eCommerce accounting with automatic sales tax calculations for over 50 regions, multi-entity support, and easy marketplace payment reconciliation. -
How secure is my data with NewLedger's cloud accounting software?
NewLedger uses enterprise-grade encryption, optional two-factor authentication, and automatic backups to ensure your financial data is secure. -
Does NewLedger support automated tax deductions and write-offs?
Yes, NewLedger’s Smart Write-Offs feature automatically categorizes deductible expenses and tracks mileage, helping users maximize eligible deductions. -
Can I use NewLedger for LLC or corporation accounting needs?
NewLedger supports all business types, including multi-member LLCs and corporations, with features for profit distribution, contractor management, and compliant reporting.
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NewLedger Uptime Monitor
Average Uptime
100%
Average Response Time
139.33 ms
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