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Top 10 Accounting Software Report
- 2. © 2014, All Rights Reserved. Reproduction Prohibited.
Accounting software is a foundational technology for many companies, and as a business grows
having a powerful, effective accounting solution becomes increasingly critical. Most accounting
software packages offer the same basic features necessary for managing finances: accounts
receivable, accounts payable, general ledger, billing and invoicing, purchase and sales orders,
and reporting. Beyond basic functionality, the top accounting solutions offer additional features to
give users more power, flexibility and customization. Oftentimes accounting solutions are closely
integrated with other key software solutions. Most ERP solutions include an extensive accounting
module, but buyers should also consider best-of-breed, standalone accounting software.
While accounting solutions have traditionally been packaged as insulated, on-premise software,
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Overview of Accounting Software
Solutions
many providers now offer cloud-based solutions.
SaaS accounting software solutions usually include
all the features of more traditional systems, with the
added benefit of anytime, anywhere accessibility
and seamless updating. SaaS solutions tend to
be more cost-effective and easier to implement,
and are a great option for small businesses.
Businesses in certain sectors with unique financial
requirements, including construction and non-profit
work, should look for industry-specific solutions that
cater to their specific needs.
Read on to browse leading accounting systems and
discover which will be a great fit for your company
in our Top 10 Accounting Software Comparison
report.
SaaS platform On-Premise
Platform
Hybrid
Platform
Reporting and
Analytics
Accounts
Payable and
Receivable
General
Ledger
Multi-Currency Payroll
Key Features
Invoicing and
Billing
Time and
Expense
Management
- 3. Top 10 Accounting Software Comparison
Intuit Quickbooks
Enterprise Solutions 8
Starts at $12.95/mo or
$249.95/license
Select Customers
Don Shula’s Steak
Houses, South Bay Boat
Yard, Lil’ Guys Foods
Key Features
Additional Features
Integrates with more
than 400 QuickBooks-
compatible business
applications
Customized solutions
available from more
than 100 software
professionals in
QuickBooks Developer
Network
Best for multiple users,
industry editions are
available in contractor,
manufacturing and
wholesale, nonprofit,
professional services
and retail editions
Accounting and finance
modules
Inventory management
Purchasing and vendors
Controls and
permissions
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NetSuite ERP
& Small Business
www.netsuite.com
Select Customers
Oakland Athletics, NC
State University College
Management, CaseCentral
Key Features
Additional Features
Tightly integrated ERP
and accounting software
system for better access
to real-time business
intelligence
Advanced financials
Revenue recognition
Budgeting
Order management and
fulfillment
Purchasing
Inventory management
Drop shipment/special
order management
Integrated FedEx
shipping functionality
Integrated UPS online
shipping tools
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Intacct
www.intacct.com
Select Customers
Mozilla, Guidewire,
Great Books Foundation,
Prokarma
Key Features
Additional Features
Purchasing
Cash and order
management
Inventory management
Revenue recognition
Project accounting
Fund accounting
Multi-entity management
Global consolidations
Salesforce.com
integration
Segregation of duties
Customizable workflows
and transactions
Automatic backups,
disaster recovery
Seamless, automatic
upgrades
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Epicor Financial
Services Software
www.epicor.com
Select Customers
Medex Global Group,
Visioneer, InVision
Technologies, TruServ
Key Features
Additional Features
Customizable chart of
accounts that matches
your organizational
structure
Robust user security
maintains control and
access to the right
people
Drill-around
transactional and
analytic inquiry
capabilities with Epicor
Explorer
Cash management
Advanced allocation
calculations and entries
Asset management
Contract management
Advanced payment
processing support for
electronic funds transfer
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Xero
www.xero.com
Select Customers
CEP, Blue Chair Fruit
Company, Paper Tiger
Marketing LLC
Key Features
Additional Features
At-a-glance dashboard
Fixed asset depreciation
schedules
Free, unlimited online
support
Financial reporting with
quick links to original
transactions
Bill pay
Expense claims
Mobile access
Inventory
Contact management
Personal finance
budgeting tools
Bank reconciliation
SSL encryption and
SOC 1 Type II audited
security features
Compatible with a
variety of 3rd party
add-ons for increased
functionality in CRM,
POS, payroll and more
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www.intuit.com
Starts at $399/
month
Contact vendor for
pricing details
Contact vendor for
pricing details
Starts at $9/month
© 2014, All Rights Reserved. Reproduction Prohibited.
- 4. Assist Cornerstone
Commerce Suite
Contact vendor for
pricing details
Select Customers
Mrs. Fields, Franklin
Covey, Oreck, Staples
Promotional Products
Key Features
Additional Features
Single, integrated cloud
ERP solution
Cost-effective solution
Customized for your
enterprise
Improves cash flow,
margins and financial
management
E-commerce
Direct marketing
Sales analysis
Warehouse
management
Order entry
Order fulfillment
Customer service
Inventory control
Financial tools
Multi-company
Financial report writer
Bank reconciliation
Specialization for many
industries, including
wholesale, consumer
goods and direct sales
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UNIT4 Coda
Financials
www.unit4.com
Select Customers
Fashion Institute of Design
and Merchandising, Maher
Terminals, IKEA, GSO
Key Features
Additional Features
Real-time financial
visibility and control
Link Architecture
featuring a single
financial model,
unparalleled
interoperability, and
a comprehensive
framework for controls
Single ledger accounting
system that includes
general ledger, accounts
payable, accounts
receivable, fixed assets,
project accounting, and
billing
Spend management
Budgeting, planning and
forecasting
Reporting and business
intelligence
Consolidation and cash
management
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Sage 50
na.sage.com
Select Customers
Grandall Distributing Co,
Benner-Nawman, Halgo
PEC, Etnia Barcelona
Key Features
Additional Features
Inventory and pricing
Customizable
dashboards
Purchase planning
Job and project
management
Cash flow management
Business metrics
graphing and data
customization
Customer management
center to track quotes,
sales and receipts
Item sales history
tracking
Vendor management
center to track
purchases, view orders,
compare vendors and
spot trends
Customized reports for
budgeting, cash flow
and benchmarking
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Red Wing CenterPoint
Accounting
www.redwingsoftware.com
Select Customers
Quoin Financial Bank,
Stutzman Orchards, City
of Highland
Key Features
Additional Features
Customizable financial
information
Customizable user
interface
Excellent support
Inventory management
Menu-level security
Purchase order
management
Quick drill down
Ratio analysis
Strong audit trail
Transaction search
Unlimited data capacity
Red Wing Software also
offers industry-specific
solutions for agricultural
companies
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Infor Office of the CFO
Solution Suite
www.infor.com
Select Customers
AstraZeneca, Chicago
Tube & Iron, World Vision,
Raymond James
Key Features
Additional Features
Get unparalleled
visibility into financial
activities
Bridge the gap between
financial and operational
systems
Standardize business
processes throughout
your organization
Easily adapt accounting
structures to support
new business strategies
Maximize the value of
your suppliers through
effective negotiations
and contract
management
Built-in workflows, alerts
and notifications
Implement, monitor and
enforce controls
Immediately investigate
and respond to business
exceptions and
anomalies
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Top 10 Accounting Software Comparison
www.assistcornerstone.com
Contact vendor for
pricing details
Starts at $279 for
1-user license
Contact vendor for
pricing details
Contact vendor for
pricing details
© 2014, All Rights Reserved. Reproduction Prohibited.
- 5. © 2013, Business-Software.com. All Rights Reserved. Reproduction Prohibited.
Related Software Solutions
www.adaptiveplanning.com
Integrate data from all other
enterprise systems for a 360 degree
view of your business
Budgeting & forecasting
Personnel planning
Revenue planning
Capital asset planning
Allocation planning
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Adaptive Planning Adaptive
Suite is a cloud-based integrated
business analytics solution.
Bringing together planning,
forecasting, analytics and
consolidation applications,
Adaptive Suite provides a balance
of powerful features in an easy-to-
use interface.
Expense planning
Balance sheet/cash flow
planning
Collaboration
Reporting and analysis
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Key Features
Select Customers Trulia, BrightRoll, Shopify, Konica Minolta
Great for budgeting and budget forecasting.
Business-Software.com recommends that organizations looking for accounting software solutions also
explore related financial management software solutions. Review the following product as a supplement to
your accounting software choice