Keep an eye on this scrappy little startup from North Carolina called Merchant's Mirror.
Merchant's Mirror isn't even in beta yet, but is accepting willing product testers to try out their new online accounting software designed to go toe-to-toe in a David and Goliath battle with Quickbooks.
It's nice to know innovation and bootstrap chutzpah is still around despite all the dire talk and dismay in this new shaky economy.
No word on pricing, etc. or when Merchant's Mirror will actually launch. They probably don't know themselves at this point. But, it might be interesting to sign up and play around with their product as they work out the bugs.