Ubikwiti Provides $4.99/Month On-Demand Accounting for Online Retailers

San Francisco, CA, March 30, 2009 -- Ubikwiti Accounting for Online Retailers, a Software-as-a-Service (SaaS) application hosted on US-based Amazon.com servers, enables online store managers to enter aggregate sales receipts from online sales to Ubikwiti's on-demand accounting system. This greatly simplifies the accounting and financial activities of online shopping stores, as well as improving business and management control.

According to Ubikwiti CEO Tim Loving, "IDC's Top Ten Predictions for 2009 predict the move to Cloud Computing will accelerate in 2009, driven by the bad economy and shoppers seeking lower costs. IDC believes the global economic recession will push 1.5 billion people (almost a quarter of the planet) into online shopping, driving over $8 trillion in online sales."

"Ubikwiti's research indicates that most online shopping applications are not currently integrated into an accounting software application. Ubikwiti Accounting for Online Retailers enables online shopping stores to better manage their business by integrating online store sales information into an on-demand accounting system, thereby helping them better manage their business by providing online financial and accounting information."

"Additionally, many people made redundant by their employers as a consequence of the recession are establishing their own online shopping enterprises."

"Ubikwiti Accounting for Online Retailers enables online storeowners to manage vendors, deposit checks and cash into bank accounts, transfer funds between banks, and reconcile bank account statements with book records. Full financial reports are available, including Profit & Loss Report and Balance Sheet. A base time zone can be set to ensure consistency of reports and operations across multiple time zones."

"Ubikwiti Accounting for Online Retailers is designed with extra functionality to report aggregate sales figures from online sales - including discounts allowed and tax collected."

"Online store managers use Ubikwiti's Point of sales receipts screen to record aggregate sales receipt information, typically once a day. Aggregated sales information is based on sales categories customizable by online storeowners. Entry frequency is discretionary, depending on such factors as manager preferences, aggregate sales volumes, and aggregate sales values."

"Four pre-defined but customizable Charts of Accounts (COA) are included to give online stores a jump-start when setting up Ubikwiti Accounting for Online Retailers."

"Ubikwiti screens, business forms and reports are easily and quickly customizable using Ubikwiti's business-user-friendly DIY-GUI™ toolkit. Application configurations are also customizable using Ubikwiti's DIY-Configuration™ toolkit."

"Online storeowners can quickly and easily add additional functionality to their Ubikwiti application at any time by adding optional packages or components from Ubikwiti's Online U-KwikShop™."

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About Ubikwiti Ltd:

Ubikwiti is a leading designer and developer of online DIY component-based business and personal application software. Amazon.com data centers in the United States host all Ubikwiti software and customer data.

Ubikwiti enables SMB businesspeople and personal application users to quickly and easily define, configure, launch, modify and enhance applications to meet their needs at the lowest possible cost (sometimes completely free-of-charge). Businesspeople first select a business template and then add additional business components from U-KwikShop to tailor the template to their needs, using simple 'point and click' methods.

Ubikwiti provides web services useable in collaboration with social networks, including template/applications (widgets) for use by members of social networks.

Ubikwiti applications interface easily to free office productivity tools, web hosting services (such as online stores) and online payroll services.

Amazon and any other trademarks used herein are trademarks of their respective owners.
For additional information, please visit www.ubikwiti.com.