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Great Site for the Accounting Challenged

An Easy Way for New Agent to Keep Track of Spending

We all know how much of an investment it takes for an agent to be successful. There are the fees associated with just about everything, which can be very hard to track. One thing I love about doing bookkeeping is that I get to find all sorts of tools to help out in situations like these.

Well, I just found a new website that will help you track your expenses, set goals and help you keep things organized. It's called Wesabe and from research alone looks to be a great intuitive way to keep your finances under control.

Some of the unique benefits is that you can set goals on your page and measure how you're doing against them, get advice and tips from others in the community, tagging (or naming) categories that make sense to you. All of these are great especially now for tax time.

I'm also including this link which is a quick 3-minute demo of how Wesabe works.

Posted by Catherine Mallers on 01/23/2008 10:31 AM

Comments (4)

finances, bookkeeping, tipsadvice

4 Comments on Great Site for the Accounting Challenged

JAN

2008

Interesting looking site....but I kinda have this thing about putting my financial information on a website that is not bank related.

Thanks anyway.

Thanks for the head's up - most of our industry has a challenge with the details and I'm sure this will go a long way in keeping people out of hot water.

I agree with what you have to say. I should have put this info from the Wesabe site in my original post. This is a copy of their Security Policy:

Unlike other services, we do NOT ask you to enter your bank or credit card passwords into our web site. Instead, we offer a unique feature - a software program that runs on your computer and keeps your passwords safe, encrypted on your local drive. We never have access to your passwords in any form, and upload only the data we need to help you get more for your money. Throughout the upload process, we use industry-standard encryption, so none of the data is in a format that can be read by hackers. Your account at Wesabe is stripped of all personal identifiers, including your name and email address.

For members who want absolute control over access to their data, we provide a tool that allows them to extract data from their financial institutions and manually upload only the transactions they choose.

This looks like an interesting way for newbies such as myself to get better organized. I'm going to investigate it further because just the other day I was thinking of how to organize in a concise system... But, I have concerns to about privacy of information in a system such as this. Thanks for the post.

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