Top 10 Accounting & Finance Software in 2017

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Last updated: May 15, 2017

Last updated: May 15, 2017

TOP 20 Accounting & Finance Products

1
Last updated: May 15, 2017 - Intacct Financial Management is web based software that provides enterprises with accounting and financial management solutions. Supported accounting functionality includes general ledger, project accounting, purchasing and cash management. Devel
Learn more about Intacct Financial Management
40 reviews

2
Last updated: May 10, 2017 - Intacct accounting is a cloud based accounting system developed by a company of the same name to assist businesses in improving performance by getting the most out of the finance department. It offers a broad set of functionalities that turn out to b
Learn more about Intacct accounting
40 reviews

3
Last updated: May 12, 2017 - Epicor Financial Management Software is a cloud based software that streamlines and automates financial processes of organisations. It has a comprehensive suite of tools that support legislative requirements of companies by maintaining timely financi
Learn more about Epicor Financial Management
0 reviews

4
Last updated: May 12, 2017 - Bassets eDepreciation is a business asset management solution for businesses of all sizes. It also offers cost management, business analytics, compliance, data management, and others. The software was developed and launched by Decision Suppor
Learn more about Bassets eDepreciation
0 reviews

5
Last updated: May 13, 2017 - MultiLedger Integrated Accounting is an accounting and inventory management solution for small and medium businesses. It offers invoice management, sales tax management, and other capabilities. The software was developed and launched by Check
Learn more about MultiLedger Integrated Accounting
0 reviews

6
Last updated: May 11, 2017 - SAP launched Financials OnDemand in late 2012 as a stand-alone financial management solution designed exclusively for the cloud. It tracks end-to-end financial transactions from order to cash and procurement to payment, provides rich embedded data an
Learn more about SAP Financials On Demand
0 reviews

7
Last updated: May 11, 2017 - Revenue Cycle management is designed by Tensoft to manage the complex revenue cycle for technology companies of all sizes. The product can handle revenue recognition & deferral management requirements, billing & contract management, as well a
Learn more about Tensoft Revenue Cycle Management
0 reviews

8
Last updated: May 10, 2017 - Ajera is a project management and accounting solution for businesses of all sizes. Its capabilities include resource management, estimating, payroll management, integration, and others. The software was designed and launched by XTS Software C
Learn more about Ajera Complete
0 reviews

9
Last updated: May 13, 2017 - Alight Planning Enterprise is a budgeting and planning software that can be used by businesses willing to take control of their finances. It is available in both as an online service and a client server. With this tool, a company's finance team w
Learn more about Alight Planning Enterprise
0 reviews

10
Last updated: May 13, 2017 - Infor Financial Management is an accounting and management software solution for your business. The software was designed by Infor, Inc., headquartered in New York, United States. Although the main emphasis of the software is the financial aspects of
Learn more about Infors Financial Management accounting
0 reviews

11
Last updated: May 15, 2017 - Accufund Accounts Receivable is billing and invoicing management software for small and medium businesses. Other than these services, it also offers various payment and customer management tools. The software was designed by AccuFund, Inc., headquart
Learn more about Accufund Accounts Receivable
0 reviews

12
Last updated: May 11, 2017 - Recognition PRO is a human resource management solution for small and medium businesses. It supervises employee self-service in addition to offering various appraisal and administration features. The software was designed by Walton Motivation, Inc.,
Learn more about Recognition PRO
0 reviews

13
Last updated: May 14, 2017 - SYSPRO’s powerful financial solutions provide comprehensive financial and cost accounting functionality and controls. Financial data is always current thanks to real-time integration between SYSPRO financial, distribution and manufacturing solutions.
Learn more about SYSPRO Financial
0 reviews

14
Last updated: May 11, 2017 - ProSeries Basic 50 is a tax software that can help users with their 1040 returns. The software can automate most of the calculation processes and ensure accuracy of your returns. The software also includes a final review tool. Intuit, the company
Learn more about ProSeries Basic 50
0 reviews

15
Last updated: May 11, 2017 - Intuit Data Protect for QuickBooks is an online backup solution for QuickBooks users that can help them to protect their important data from damage or loss. Users don’t have to worry about losing their business data to accidents, fire, theft, floor o
Learn more about Intuit Data Protect For Quickbooks
0 reviews

16
Last updated: May 15, 2017 - Autoreporter is a standalone cross industries software that provides a simpler and more efficient interface for generating QuickBooks reports. It does so by allowing users to access the complete library of Quickbooks standard reports. Users can also
Learn more about Autoreporter
0 reviews

17
Last updated: May 10, 2017 - MIP Fund Accounting is financial management software that was initially designed for nonprofits and government organizations. It offers all the necessary solutions for business finances and has over 8,000 customers that are presently using it. There
Learn more about MIP Fund Accounting
0 reviews

18
Last updated: May 11, 2017 - This solution provides Budgeting and Cash Flow forecasting software. Up Your Cash Flow enables businesses to perform detailed financial analysis and develop cash management strategies to generate better financial management plans. Granville Software
Learn more about Up Your Cash Flow
0 reviews

19
Last updated: May 14, 2017 - Infor\\\'s Office of the CFO solutions are used by over 25,000 customers worldwide. This comprehensive, complementary suite of solutions will enable you to: Get anytime, anywhere access to systems and information Speed up decision making
Learn more about Infor Office of the CFO
0 reviews

20
Last updated: May 11, 2017 - BudgetPulse is a web-based budget planning software that can simplify your finance managing processes. Users can organize their expenses, cash flow and bank accounts from a single place. Users can get a complete control over their expenses and learn
Learn more about Budgetpulse Personal Finance Software
0 reviews

Popular Accounting & Finance software

Screenshots

Specifications

Intacct Financial Management Specifications

Name: Intacct Financial Management
Company: Intacct Corporation
Address San Jose, CA
Software Type: Standalone, Cloud, SaaS
Typical Customers: Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud

Intacct accounting Specifications

Name: Intacct accounting
Company: INTACCT
Address San Jose, CA
Software Type: Standalone, Cloud, SaaS
Typical Customers: Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud

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Intacct Financial Management Pricing

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Intacct accounting Pricing

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A Buyer's Guide to Accounting & Finance Solutions

Accounting & Finance Software Buyer’s Guide
 
Whether you’re in a small business or a corporation, accounting and financial systems are essential backbones of your operation. Income statement, balance sheets, and tax declarations all rooted from one important department – the Accounting. The intensifying campaign of public and private authorities against financial frauds is a loud call for all businesses to strengthen their accounting measures.
 
In compliance to Generally Accepted Accounting Principles (GAAP), the purpose of accounting software is to consolidate accounting processes into a single information system. It is a financial management solution that caters a variety of financial programs for any industry and size of organization. Whether you will be getting it for free or on a premium-based subscription, you need to be cautious when getting your accounting software. So here’s the Buyer’s Guide from ITQlick.com that will give you more insights about accounting solutions.
 
Types
There are two important factors to consider when deciding on which accounting solution is to acquire. First is the type of market where you operate and second is the type of application that you need. It is highly recommend that you start with identifying the market base on the size of your business and then proceed with pointing out what applications are really needed by your business.
 
By Market Level
 
Personal Accounting
It is simple and basic, good enough to manage your accounts payable, receivable and budget. It’s for a start-up home-based business.
 
Low-end Market
Types of software on this market have general accounting functions – general ledger, bookkeeping, etc. However, since they are low-end systems, they may not be GAAP compliant and their security features are very adequate.
 
Mid-market
If you’re looking for industry-standard accounting system, it’s on the mid-market category. Other than general accounting functions, this type of software can be purchased bundled with other management information systems.
 
High-end Market or Tier 1
Highly customizable, complex and expensive are what describes accounting software under this market. Usually part of a more sophisticated Enterprise Resource Planning (ERP) system, high-end accounting solutions also require high level of implementation.
 
Vertical Market
If you’re a niche market (banking, construction, real estate, etc.) player, then an industry-specific accounting software is for you. Software under this market are generally custom-built.
 
Hybrid Solutions
Both features of the mid-market and high-level market solutions are on this accounting solution. It has the features of the technology like SaaS and of ERP systems that have advance customization and extreme scalability.
 
By Application Type
 
In software development, different business transactions will have their equivalent software modules. Accounting solutions follow this practice by segmenting an accounting system into different modules or sub-systems base on their application. Here are the available accounting solutions in the market today.
 
  • Core Accounting
  • Project Accounting
  • Fund Accounting
  • Inventory Management
  • Billing and Invoicing
  • Budgeting and Forecasting
  • Fixed Asset Accounting
  • Fixed Asset Management
 
Whether you’re looking for a basic system, an enterprise solution, or industry-specific, best-of-breed solution, concrete knowledge and understanding of the market and of the different software applications available are keys to your smooth, well-executed software purchase.
 
Features
When it comes to features, your accountants and CFO can greatly help in figuring out if a solution has all the functions and characteristics needed by your business. Invite them into your kick-off meetings and find out if these features are available in your prospect solution.
 
Accounting and Business Features
It doesn’t necessary to be an all-in-one package. But the basic accounting tools plus the non-core accounting modules that are important in your everyday business operation such as purchase requisition, timesheet, and payroll must also be available in the system, if not all.
 
Time-Saving Features
When talked about convenience, an accounting system must not be difficult to use. Features like automated billing, customer’s online access to their accounts, and wide options in reporting must be available. Automation and time-saving always coincides.
 
Remote Access and Mobility
Check if the accounting software has mobile versions and ensure that these versions are compatible with the type of phones your employees are using – iPad, Android phones, Windows-based. Remote support offered by the Virtual Network Computing (VNC) technology is a feature that you should also consider.
 
Add-ons Business Services
Credit and debit card processing, e-commerce website integration, and payroll processing are just some of the additional features present on much modern accounting software.
 
Solutions per Market, per Vendor
Excellent sources of information for accounting solutions are websites, like ITQlick.com, that publish reliable reviews, rankings, and benchmarking. Expensive software doesn’t mean that it’s the right software for your business. Inexpensive and even free solutions cannot guarantee you a fool-proof accounting system but they could be the right solution. Review this benchmark prepared by ITQlick.com experts for more information.
 
Vendor Accounting and Business Time-saving Remote Access and Mobility Add-on Services
 FreshBooks 10 9.38 10 7.5
 QuickBooks 8.75 10 9.38 8.75
 SageOne 10 8.75 6.25 8.75
 Zoho 10 8.75 8.75 6.25
 Xero 10 6.25 8.75 8.75
 AccountEdge 8.75 9.38 5 7.5
 Less Accounting 8.75 8.75 6.25 5
 WorkingPoint 8.75 7.5 8.75 3.75
 FreeAgent 8.75 7.5 6.25 5
 Yendo 7.5 7.5 6.25 5
 
Above vendors are offering cloud-based solutions and are between the low-end to mid-market level. On the other hand, top players (and their product) in the mid-market are Sage ERP 300, Microsoft Dynamics NAV, SAP BusinessOne, Epicor 9, and Macola ES. High-level market (or Tier 1) leaders are Infor, JD Edwards, Lawson, Oracle, People Soft, and SAP.
 
Pricing Considerations
From the list of vendors in our benchmark sheet, both Zoho and FreeAgent have $24 per month per unlimited number of users’ subscription price. The average subscription price for these ten vendors is $17. With this average, a company with 25 users will spend around $5,000 a year. Still not accounted are the costs of implementation, customization, training, and support services. A client will roughly spend 50-200% of the price of software in implementation and consulting services. These are the variables to consider in the Total Cost of Ownership (TCO). Accounting solutions sold as part of a more complex ERP system will have a TCO from about $100K up to a whooping $50M.
 
Market Trends
The cloud technology is a hot trend in accounting software. Among of the reasons on why businesses choose to operate in the cloud today is because of lower upfront costs and faster time of implementation. Most accounting software today has comprehensive functionality. It is not just one or two modules but multiple modules on a single package.
 
Business intelligence tools with accounting software are on their way to development. This is about integrating system over system to maximize the efficiency of single but more powerful software.

ITQlick chart - 2017 best Accounting & Finance Software

2017 best Accounting & Finance Software | ITQlick.com
Finding the right Accounting & Finance software for your business
Proper Accounting & Finance software selections are the precursor to successful deployment and business growth. Finding the right Accounting & Finance solutions doesnt have to be complicated, and it doesnt have to take days or weeks of your time.

After researching over 2,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.


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25 MUST Ask Questions Before Selecting Accounting & Finance Software

The prime purpose behind investing in the software solution is to boost efficiency and growth. Ask the software vendor (Intacct Corporation) how their business app would improve efficiency of your enterprise.
Software vendors have tremendous exposure to different companies. They offer the same type of software to different industries, so they are better aware of who is doing what with their technological product. This also helps them understand and foresee what’s really working. Allow them to share their observations so that you get an ideas about their experience, expertise, and intelligence. This will also be an opportunity to identify the service providers who come up with the most insightful suggestions.
Perhaps your business is growing and will expand in the future. So you would be interested to know if the software is scalable and can grow with you. It’s no use investing in a solution that can be scaled.
Each business has different needs. Yours is no different. When it comes to selecting a software solution, you are looking for a tool that can be easily customized and configured to cater to your specific business needs. So you want to understand if the software you want to buy is easy to customize.
Such a community forum is the best way to engage users. Getting access to software forums can help new or proposed users connect with product experts through peer-to-peer discussions.
The software vendor should answer how their business software will improve your bottom line and ROI.Most service providers make tall claims, so you want to make sure you get your hands on the best solution.
Before choosing a business app, you want to understand that the implementation would be smooth. So you should be interested to find out about the person responsible for handling the implementation process. Do not hesitate to ask about their qualifications..
A good software vendor should be able to show you a positive track record with their implementation strategy.Try to find out if their method is structured. Your purpose should be to look for one that is structured and flexible to adapt to unexpected situations
The software vendor should give you a structured data conversion methodology that will enable smooth migration of your information to the new system.
A growing business is always in need for expansion and integration with thrid-party apps is a part of the growth model. When it comes to choosing software, make sure the business app provides an application programming interface for easy integration.
Ask the software product vendor if the tool will allow you to export data to an external file or import data from external sources.
Ask the software vendor (Intacct Corporation) if the software package includes consulting hours. Do not hesitate to ask if there are any hidden charges involved.
You do not want to be caught unawares when a software vendor sends a technician to resolve an issue that may crop up due to varied reasons. You want to make sure the charges are reasonable. Better still, you should be aware of what needs to be paid to the technician sent by the vendor to fix a problem.
You do not want to fall in love with the front end unless you are 100% sure that the software is compatible with your existing system. Ask the software vendor is you need any specific hardware to install the software. Will the business application run on your existing workstations. How much space will the software take on the disk drive? Is there a need for RAM upgrade to successfully run the software for optimum performance?
You should enquire about the cost of having more than one terminal in your store. While some software vendors charge on the basis of the number of store locations, others charge per terminal.
When you are looking for a software solution, make sure you know if the vendor charges any fee to get you started. You should also be interested to know if there are any software maintenance charges for you to pay.
Your business is accountable to customers, regulators, employees, and partners. So you should look for one software vendor who has adopted a comprehensive, technically sound security and compliance program. Does the vendor map your needs for security controls?
Data loss can prove extremely risky for any business. So you should always ask the vendor about their backup policy. How often is data backed up and what is the cost for the same?
What is the software vendor's policy on disaster recovery? Are any charges involved for disaster recovery support if a catastrophic hardware failure affects your system?
How easy is the software to work on? Is it user friendly for your end users? Does it involve any complexities that are difficult to understand for the team? Even a feature-rich solution is of no use if end users find it difficult to use.
The software provider should clearly mention whether the solution is complex or simple to use. If it is not an easy-to-use software solution, then do they provide training? What is the level of training your team requires to make the most of the solution?
You will be interested to know about the software updates. When is it updated? Does the service provider notify customers when the upgrades are scheduled? Does the software work when the upgrades are under way? How long does the process take?
You should be interested to enquire about how an issue is handled at the side of the software vendor. Do not hesitate to question about who will respond to your emergency calls. What is their experience in software industry?
If the software vendor is widely popular, chances are that they have a good product. So always check their client base to measure their product's competence in the market.
Testing is crucial to ensuring that the software runs as promised. So you should try to find out if the vendor offers any free trial runs or try before you buy the product. By testing the concept first, it gets easier to understand the software product's functionality and allay fears before signing a contract.

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