Smart Online Releases Enhanced ...

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Smart Online Releases Enhanced Software-as-a-Service Accounting for Small Businesses Looking for an Alternative to QuickBooks

SB Informer
Monday, January 29, 2007; 03:34 AM

Smart Online Inc., a leading provider of Software-as-a-Service (SaaS) for the small business market, today announced the release of its newly enhanced Web-based Accounting application. Smart Online’s full suite of software, including its comprehensive accounting application, is designed to enable small businesses to have a real-time view of financial activities. The Smart Online Accounting application now includes a number of new features such as an easy-to-use set up wizard to enable small businesses to create and securely maintain their accounting information while having their business data backed up regularly. The Accounting application is targeted at strategic partners who desire a private label solution and in some cases want to integrate into their online banking package. The Accounting application is part of a full suite including group Calendar, Contact Management, Salesforce Automation (SFA), Customer Relationship Management (CRM) and Human Resource Management that can be private labeled for corporations who desire to offer value-added products and services to their small business customers.

"My small business customers are requesting a cost effective alternative to QuickBooks that is bundled with other products such as Salesforce Automation (SFA), Customer Relationship Management (CRM), and a Calendar. I am offering them Smart Online’s product suite since it addresses this need," said Michael Lindsay, CEO, C'Bay Technologies.

“Small businesses need the ability to manage their accounting and financial activities without the hassles of having to make an expensive purchase, then install, and finally have to manage traditional accounting applications,” said Michael Nouri, president & CEO, Smart Online Inc. “Smart Online’s new Software-as-a-Service Accounting application includes the features well-known brands offer without the headaches of traditional software. In addition, our customers also have the comfort of knowing their data is located in a secure environment that is backed up.”

Smart Online’s Software-as-a-Service Accounting application is designed to enable small businesses to securely create and maintain accounting books, process invoices, payments, deposits, and manage the user’s bank accounts. New functionality includes the ability for small businesses to further increase efficiency by having rapid access to an audit trail to make it easier to comply with tax reporting requirements.

Smart Online’s newly enhanced Accounting application is available now as part of its suite of small business applications, and includes the following new features and functionality:

Enhanced Setup Wizard
Bank Reconciliation
Support for multiple locations
Invoice and Bill History
Customized payment options
Open Credit Memos
Updated and enhanced financial reporting
Quick checks for non-vendors
Improved check generation
New options for recording payments
Customize financial reports
Improved voiding of payments, invoices, and bills
Plus a handful of usability and general functionality improvements

Smart Online’s Accounting application also offers the ability to generate the following memos and reports:

Vendor and Customer Credit Memos
Accounts Payable and Accounts Receivable Aging Reports
Cash Flow Statements
Trial Balances (detailed or summary)
Balance Sheet
Profit & Loss Statement
Journal Entry Report and Recurring Journal Entries
Check Detail Report
Financial Ratios
U.S. Federal Tax Forms

Smart Online’s full software suite, including the enhanced Accounting application, are available online at http://www.smartonline.com starting at $49.95 per month for up to 5 users. A free, 30-day trial is available to first time users.

About Smart Online, Inc.
Smart Online Inc. (OTCBB: SOLN), a pioneer of Web-native applications, offers a private-label syndicated online business platform that enables Web delivery of applications and services used to start and manage small businesses. In 1999, Smart Online converted its business applications to a Software-as-a-Service (SaaS) Web delivery model. Today, the company markets its Web-based business applications to corporations via the private-labeling of its syndicated software services. These companies private-label and add to their Web sites Smart Online’s applications to enable their business customers to run their businesses more efficiently and without the upfront capital typically required for traditional business software and IT resources. To learn more go to http://www.smartonline.com.