Outright was an

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

and

bookkeeping Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Tr ...

application that assists small businesses and sole proprietors with managing their business's income and expenses. It also provided them with a means to organize and categorize expenses for filing a Schedule C.By Mickey Meece, New York Times
On to Plan B: Starting a Business
Retrieved March 25, 2010.By Kathy Yakal, PC Magazine Review of Outright
Accounting & Tax
Retrieved March 25, 2010. It was acquired by GoDaddy in 2012 for approximately $20 million and has been rebranded as GoDaddy Online Bookkeeping. In May 2022, GoDaddy announced the software would be discontinued on June 18, 2022.

History

Kevin Reeth and Ben Curren worked together at

Intuit Intuit Inc. is an American business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application ...

in 2006 and then later at a web-application firm called Esomnie LLC. As a Product Manager and Software Engineer respectively, the two were heavily involved in the development and marketing of

Quicken Quicken is a personal finance management application originally developed and offered by Intuit, Inc. Intuit sold Quicken to H.I.G. Capital in 2016, and H.I.G. sold Quicken to Aquiline Capital Partners in 2021. Quicken runs on Windows and Mac ...

products. Curren and Reeth had become increasingly frustrated with the complexity of doing taxes for small businesses, so in 2008 they founded a company and website called BootStrap.Outright.com Home Page
Retrieved March 25, 2010.By Anthony Ha, VentureBeat. �
Bootstrap launches financial management site for businesses that don’t like financial management
” Retrieved March 29, 2010 The Website was renamed Outright just a few months after launch, though it continues to be operated by BootStrap, Inc. In 2009, the company raised a total of $7.7 million funding from

Sequoia Capital Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total ...

First Round Capital First Round is a venture capital firm that specializes in providing seed-stage funding to technology companies. Founded by Josh Kopelman Joshua Kopelman is an American entrepreneur, venture capitalist, and philanthropist. Kopelman is best k ...

Shasta Ventures Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups. It is located on Sand Hill Road in Menlo Park. Funds Shasta's second fund of US$250 milli ...

and

SoftTech VC Uncork Capital (formerly known as SoftTech VC) is a venture capital firm based in San Francisco, California, founded by Jeff Clavier. Considered one of the most active established seed funds in Silicon Valley, it has invested in companies such as ...

among others.By Paul O’Brien, Outright Blog. �
Outright Raises $5.5M with Sequoia Capital
” Retrieved March 25, 2010By ''Silicon Valley/San Jose Business Journal''. �

” Retrieved March 29, 2010 Today, the website manages $1.2 billion in transactions from small businesses and independent contractors. On July 17, 2012, Outright.com announced in an email to all customers that they had been acquired by

GoDaddy GoDaddy Inc. is an American publicly traded Internet domain registrar and web hosting company headquartered in Tempe, Arizona, and incorporated in Delaware. , GoDaddy has more than 21 million customers and over 6,600 employees worldwide. The ...

.com.

Items & Services

Outright.com tracks and manages business

income Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. Fo ...

expenses An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is a ...

and tax liabilities. Users input their business account information and Outright structures that information into reports and prepares it in a way that can assist with tax submissions.By Leena Rao, TechCrunch. “Outright Tracking More Than $1 Billion, Launches W-9 Management Service.” Retrieved March 29, 2010 The online-only tool does not involve any software installations and can import financial information from

PayPal PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...

FreshBooks FreshBooks is accounting software operated by 2ndSite Inc. primarily for small and medium-sized businesses. It is a web-based software as a service (SaaS) model, that can be accessed through a desktop or mobile device. The company was founded i ...

oDesk Upwork Global Inc., formerly Elance-oDesk, is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk, after the merger of Elance Inc. and oDesk Corp. The merg ...

, and other financial management tools.By Howard Greenstein, Inc. �
Small Business Web: Leverage and Cooperation
” Retrieved March 29, 2010By Tom Abate, San Francisco Chronicle. �
Outright software tools free to freelancers
” Retrieved March 29, 2010Outright.com partners
Retrieved March 29, 2010.By Scott Blitstein, WebWorkerDaily. �
Outright_Teams_Up_With_PayPal_&_Expensify
_to_Ease_Your_Bookkeeping_Woes.html" ;"title="Expensify">Outright Teams Up With PayPal & Expensify
to Ease Your Bookkeeping Woes">Expensify">Outright Teams Up With PayPal & Expensify
to Ease Your Bookkeeping Woes” Retrieved June 04, 2010 The website has the following features: * Reports

and expenses for sole proprietors filing a Schedule C or IRS tax forms#Individual forms, 1040 * Manages W-9s for paying independent contractors,

freelancer ''Freelance'' (sometimes spelled ''free-lance'' or ''free lance''), ''freelancer'', or ''freelance worker'', are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance ...

s, and anyone outside of company staff for

1099 Year 1099 ( MXCIX) was a common year starting on Saturday (link will display the full calendar) of the Julian calendar. Events By place First Crusade * January 16 – The Crusaders, under Raymond IV, count of Toulouse (Raymond of ...

filingsOutright News �
Collect and Manage W-9 Forms Online; Free
” Retrieved June 04, 2010 Outright also has an

eBay eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became ...

Bookkeeping Selling Manager app that imports transaction data from eBay and

accounts to help eBay sellers manage their finances.By Kevin Reeth, Outright Blog. �
One complete picture
” Retrieved August 11, 2011By Vangie Beal, Ecommerce-Guide Essentials. �
eBay Integrates Outright Bookkeeping Solution
” Retrieved March 29, 2010

Reviews

PCMag gave Outright Plus 2.5/5, praising its user interface; however they criticised its limited features, saying it would be ok for "a sole proprietor or very small business", and recommending QuickBooks Online for those seeking a fuller-featured solution. Tech Republic said Outright was "worth a look", comparing it to

's Mint.com but cautioned that while it offered better tax-calculation facilities than Mint.com, it offers no way to actually pay taxes. Small Business Trends recommended it for sole proprietors, finding it lacked features such as payroll necessary for businesses with employees. Macworld in 2010 scored it 3.5/5, saying "it was easy to get data into the application, but was missing some critical features that Outright said would be added at a later date."

References

External links

Outright Official Website
{{accounting software Accounting software Companies based in Mountain View, California Companies based in Silicon Valley Financial services companies established in 2008 Financial software companies 2012 mergers and acquisitions Online financial services companies of the United States Tax software of the United States