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Collective-recension: Fördelar, nackdelar, funktioner och priser

Collective is a accounting software built for self-employed professionals who run their business as an S-corp. It handles bookkeeping, payroll, tax filing, and business formation in one platform. I'd consider it over QuickBooks Self-Employed if you're a solopreneur who needs more than expense tracking and mileage logs—Collective is designed around the full back-office complexity of running a one-person S-corp, including salary compliance and quarterly tax management, which general-purpose tools don't really address.

Collective Evaluation Summary

Collective automates finances with bookkeeping, payroll, and tax support for solopreneurs.
Customer Rating
5 /5
Pricing
  • From $296/user/month (billed annually)

Why Trust Our Software Reviews

Collective Overview

Collective is a solid choice for solopreneurs and freelancers, earning over $80,000 annually, who are looking for accounting software that simplifies tax management and bookkeeping. It excels with its personalized support and full-service offerings, making it particularly useful for those who value assistance in tax filings and bookkeeping. 

While its pricing might be a hurdle for some, the seamless onboarding and efficient customer support justify the cost. Compared to other tools, Collective might lack some advanced features, but it outshines in providing dedicated support and ease of use. It's best suited for those who prioritize personal support and are willing to invest in a service that handles complex financial tasks.

Core Features

Invoicing and Billing: You can easily create and send invoices with a few clicks. This feature helps you manage your cash flow efficiently.

Expense Tracking: Track your expenses in real-time to stay on top of your budget. It simplifies financial oversight by categorizing your spending.

Tax Preparation: Collective helps you prepare your tax returns with ease, minimizing errors. This feature saves you time during tax season. Stay up to date and in compliance with IRS requirements. 

S Corp Formation: Collective can assist with an S Corp election to help your company with tax savings.

Bookkeeping Services: Get full-service bookkeeping to keep your financial records accurate. Securely connect your bank account and see a business snapshot all from your Collective dashboard. It relieves you of tedious tasks by handling them for you.

Reporting: Generate financial reports to understand your business performance. This feature provides insights into your earnings and expenses.

Payroll Management: Handle payroll effortlessly without missing deadlines. It ensures your team gets paid accurately and on time.

Ease of Use

Collective scores high on ease of use due to its intuitive interface and straightforward navigation. You’ll find setting up and managing your accounts simple, even if you’re not tech-savvy. Its design focuses on making complex tasks feel manageable, such as invoicing and self-employment taxes. 

Compared to other tools, users often praise Collective for reducing the learning curve, allowing you to focus on your work without getting bogged down by confusing software. The clarity in its layout makes your financial tasks less daunting.

Integrations

Collective integrates Gusto for payroll. They used to integrate with Xero for accounting, but have developed their own integrated platform and have therefore transitioned their clients’ accounting needs from Xero. This provides faster service with everything in one place. 

If you were using a different accounting software, such as Wave, QuickBooks Online, or FreshBooks, your onboarding accountant will assist you with setting up your new books when transitioning to Collective.  

Collective does not currently offer an API or connect with third-party integration tools.

Collective Specs

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • BitCoin
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • PayPal
  • Payroll
  • SAP Integration
  • Stripe
  • Supplier Management
  • Tax Management

Collective FAQs