Sunrise, by Lendio, is an accounting software solution that helps businesses monitor and manage their accounting and financial processes via an uncluttered, easy-to-use central dashboard. The application houses solutions for bookkeeping, invoicing, and expense tracking, allowing operators to easily manage their finances so they can spend less time on basic, repetitive accounting tasks and more time focusing on finding ways to help them grow their business.
Lendio is a small business lender that has distributed more than 12 billion dollars in loans to more than 3000,000 organizations. In 2019 Lendio acquired the easy-to-use accounting system Billy, which was subsequently rebranded under the Sunrise banner.
What Is Sunrise?
Sunrise is an accounting and financial software system for small businesses in a wide range of industries that include marketing, software development, publishing, wholesale, legal services, finance, education, and tourism. It is an easy-to-use accounting system that delivers financial insights that help inform better decision-making. Users can expect to keep tight control over their organization’s accounting practices with an intuitive dashboard that provides comprehensive overviews of cash flows, expenses, invoicing, and more.
What’s Included in Sunrise?
Sunrise is composed of a series of accounting tools that elevate financial visibility. An uncluttered accounting dashboard features graphs and charts that give operators at-a-glance overviews of financials throughout the organization. There are solutions for quoting, estimating, and invoicing. The system also includes credit card processing support that makes it convenient to collect payments online. Sunrise also comes with financial reporting and payroll integrations through Gusto. The application connects to banks and financial institutions as well, enabling bank reconciliations that reduce entry errors and help promote a more accurate and standardized financial management experience throughout the entire organization.
Benefits of Using Sunrise
Using Sunrise helps elevate accounting visibility and allows operators to make informed financial decisions based on real-world transactional data. It automates many basic accounting tasks, including expense tracking and tax calculations. Another benefit is that Sunrise increases accounting security by backing up data to multiple encrypted data centers. The detailed accounting dashboards also allow customers to view their financial status at any given time, enabling users to react to shifts in business and helping them ensure their business’s continued financial health.
There is a Self-Service plan with no monthly fees that features payment processing fees of 3.55% + $0.30 per credit card transaction, and 1.5% + $0.30 per ACH transaction. There is also a Sunrise Plus plan that costs $19.99 per month, with lower fees of 2.55% + $0.30 per credit card transaction and .5% + $0.30 per ACH transaction. The Sunrise Plus plan adds features including external payment integrations and custom-branded invoices.
Lendio also offers an optional bookkeeping service that allows users to save time by outsourcing a wide range of common accounting tasks to a dedicated accounting professional. This optional service is priced based on transaction volume:
- Early: $149 per month for up to 120 transactions
- Growing: $299 per month for up to 200 transactions
- Corporate: $499 per month for up to 500 monthly transactions
Sunrise is one of many accounting solutions designed for small businesses, including Wave Accounting, Fiskl, Kashoo, and Odoo.
Sunrise was positively reviewed on multiple software review websites. Users appreciated that it was easy to use, allowed them to collect payments online, and included bank integrations that were useful for performing accurate accounting reconciliations.