Oracle NetSuite Corporate Communications
Senior Director, Global Communications
NetLedger users can run their businesses totally online anywhere, anytime, with an browser, on any operating system
San Mateo, CA.—August 1, 2000—NetLedger, Inc., the leading application service provider (ASP) that enables small businesses to run their companies totally online, today announced the unveiling of NetLedger™ 4.0. Effective immediately, NetLedger customers can access new feature offerings including payroll, online customer ordering, budgeting, universal login, and more at www.netledger.com. Many of the new features in NetLedger 4.0, payroll and customizable reports in particular, are direct results of NetLedger's immediate response to overwhelming customer demand.
"The new payroll module in NetLedger 4.0, plus several other of its new and unique Web-based features, take online management and accounting far beyond anything offered by boxed desktop software," said Bill Mirbach, president and chief executive officer of NetLedger, Inc. "With NetLedger 4.0 you can run an entire small business totally online. And all of the new features are easily usable the moment even a new NetLedger customer logs on."
The payroll module acts as a do-it-yourself tool for companies who want to handle payroll in-house and are looking for ways to make the process more efficient. It does everything you need to process your payroll - from calculating earnings, withholdings and 401K deductions to generating and printing paychecks. At the end of the year it will print your W-2s. Payroll activity is automatically reflected in the general ledger in order to avoid duplicate data entry.
In addition to payroll capabilities, NetLedger 4.0 adds e-commerce: Small businesses can give their customers limited access to their NetLedger account in order to make purchases. Shoppers get drop-down menus showing the small business' products. This feature also gives companies the ability to let their customers view and pay invoices online.
NetLedger, which is typically updated every eight to ten weeks, gives small businesses the ability to do everything from managing accounts receivable to writing checks to accessing financial reports. Each version has added more and more functionality, ranging from credit card processing, to collaboration features that enable businesses to work closely with their customers and vendors, to the variety of new features available in NetLedger 4.0.
"I have been a NetLedger customer since NetLedger launched its first product, NetLedger™ 1.0," said Tom Coughlan, president of Open Door Technology Inc. in Connecticut. "There has been a significant update every couple of months since I used the product. Unlike other accounting packages I've used, none of the NetLedger upgrades caused any disruption to my business - all of a sudden there were just more features for us to use. Now NetLedger has taken me from basic accounting offerings to all capabilities to run my business totally online."
Other features new to NetLedger 4.0 include:
The monthly fee for NetLedger 4.0 remains the same: $4.95 per month per user with one free access seat given to the subscriber's accountant. Customers who sign up for the payroll module pay an additional $4.95 per month for each person who has access rights to this particular feature. The new online customer-ordering feature, which propels small businesses into the world of e-commerce, costs $19.95 per month for an unlimited number of users. There is no additional cost associated with the other upgrades.
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