Smart Clerk Reviews

Nowhere does it say that you cannot delete bank accounts and add new ones or replace them. I closed one business, and while trying to generate reports for my current business and a second one, I am forced to buy new bank accounts yearly.

This feels like a scam. You should allow users to remove or replace bank accounts and simply limit it to 6, as my plan states. Instead, once you use a bank account, there is no going back. This was not clear at all. I basically lost my money here.

I am going back to QuickBooks!!

I started using this the other day and a prompt to pay $15 to upload historical statements. appeared when trying to do 2024 to 2025 I thought I could use it to create the expenses for 2024 - 2025. Buying it in 2025 doesn't mean you can upload for 2024 to 2025 at no extra cost. I cannot say anything further as I am reluctantly using another system. Uploading to it works well. it read the statements fine. Im in uk so I got tier 2 as it cannot connect yet to uk banks. I hope to see further advancement on this software soon.

I'm running an accountancy firm and I was very excited when I came across this software. It's very simple to use and does all your bank reconciliation in minutes after uploading your bank statements (it still needs to be reviewed).

My heart breaks that I have to return this, but it's missing some important reports/features for us:
-It only generates a Profit & Loss Report, but not a Balance Sheet, so we can't use it for year end accounts.
-Additionally, you can't account for VAT (Sales tax) with it, nor generate VAT returns to submit to the tax authority.
-As it takes all the data from your bank statements (gross amounts) but you can't account for the VAT included in these amounts, all the figures on your Profit & Loss Report will be wrong including your net profit as a P&L report should show your NET figures (figures without VAT included) and the Balance Sheet should show the VAT due to the tax authority.
-It also can't do multi-currency accounting or only with a workaround. We are in the UK but pay for software subscription in USD and EUR also. The only way around this for now is setting up separate companies in Smart Clerk for the different currencies, but then you need to consolidate all these "companies" finances to end up with a P&L.
-Lastly, when I deleted our bank statements in it, it only deleted the bank statements, but not the imported transactions or vendor names. I could bulk delete the transactions, but then I had to manually overwrite every vendor's name if I didn't want them to stay in their system.
This was just a last inconvenience, but could be frustrating if you have to do some historical tidying up.

Anyway, without the above issues, I think it is a great software.
I look forward to their development, but at this time, it was just not usable for us.

Bought this on a whim, and it was perfect timing! My deadline after I extended my US tax return was fast approaching and I'm so glad I had this. I hate the complexity of quickbooks but love the simplicity of this. Interface is intuitive, I was able to dive in and it really helped me make my P&L statements. Probably saved me HOURS of work. I loved the ability to easily drill into expenses by filtering accounts, and vendor name. Would love to have more granular control to specify custom dates etc. So far so good!

It doesn't offer nearly the level of complexity that something like Quickbooks does, and that's what I love about it. It was as simple as uploading our statements and everything was readily available. Within minutes of creating my account I had useful information about our business financials to look at. And it's super easy to customize the categories so that you can track your expenses in a way that makes sense for you rather than trying to fit everything in pre-defined options.

I'm not looking for complicated financial reporting, but something that I can quickly get into, find the information I need for decision making, and get back to business. This is exactly what Smart Clerk lets me do and it will only take a few minutes of work each month.