FinancialForce Accounting Review - why 4 stars?

FinancialForce Accounting Review
ITQlick Score: 80/100
ITQlick Rating:
Pricing: 5.4/10 - average cost
Category: Core Accounting -> FinancialForce Accounting review
Ranking:Ranked 42 out of 137 Core Accounting systems
Company: Financial Force
Pricing: starts at $9,000 per year
Typical customers: Small, medium and large size businesses
Platforms: Mobile, Cloud
Links: FinancialForce Accounting pricing, FinancialForce Accounting alternatives
Shlomi LaviShlomi Lavi / updated: Oct 01, 2022

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What is FinancialForce Accounting?

FinancialForce Accounting is a cloud-based finance and accounting solution built for sales force companies. Its key features include accounting management, billing and invoicing, financial analysis, reporting and statistics and more which help companies to streamline cash flow. FinancialForce is founded in 2009 and is headquartered in San Francisco, California. It has up to 1,000 employees.

Who is it best for?

FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises. Companies providing IT services, advertising and marketing, software development, non-profits, energy and utilities and manufacturing can use this software. Peddle LLC, Build IT International and CloudSense are some of the clients of FinancialForce Accounting.

Main features and functionalities

FinancialForce Accounting comes with some key accounting features like cash management, general ledger, ordering and billing, accounts payable, accounts receivable, workflow sharing and revenue management features. The general ledger comes with flexible and multi-dimensional account charts, multi-currency and multi-company support, automatic reversing journals and accruals and automatic cumulative calculations. The cloud-based system offers real-time reporting which can help users to close books faster, and see P&Ls online in real-time from almost any internet enabled device.

The accounts payable feature comes with streamlined and electronic invoice, pay processing, duplicate invoice detection, authorization processing, workflow processing and spend management features. The cash management part offers multi-currency support, automatically reconciling bank statements, recording bank charges and interest, paying customer refunds and more.

What is the actual cost?

The cost of license starts at $9,000 per year. ITQlick pricing score is 5.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for FinancialForce Accounting. You can also find here pricing information from FinancialForce Accounting's website.

Pros

  • FinancialForce Accounting is a flexible solution that can support companies of all sizes and adjust to business growth
  • FinancialForce Accounting is cloud-based and can be accessed from any internet enabled device
  • Easy to navigate user-interface
  • Seamless integration with Salesforce
  • Supports multiple currencies

Cons

  • Reporting systems need improvement
  • Not as customizable as other financial and accounting software
  • The customer support of FinancialForce Accounting doesn’t offer any 24x7 live phone support
  • The accounting software doesn’t offer any mobile dedicated app for iOS and Android users
  • The accounting solution is only available in English as of this time

How it stacks up?

Access a head to head analysis of FinancialForce Accounting vs alternative software solutions.
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Review

Frequently Asked Questions (FAQs)

Is it the best Core Accounting system?

FinancialForce Accounting is ranked 42 out of 137 software in their category (Core Accounting systems).

How they are rated on ITQlick?

The rating of FinancialForce Accounting is 4 stars out of 5 and the total score is 80 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, FinancialForce Accounting makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access FinancialForce Accounting on your mobile/smart phone.

Differences between FinancialForce Accounting and alternatives?

The most popular alternatives to FinancialForce Accounting in 2023: QuickBooks, Wave Accounting, Zoho Books, FreshBooks, Vyapar. Access the complete competitors analysis here - FinancialForce Accounting VS Core Accounting Software alternatives.

Is FinancialForce Accounting right for you or your business?

FinancialForce Accounting fits small, medium, and large companies and firms from advertising, energy and utilities, IT services, marketing, and software development industry. Hyland, Redhat, JLL, Seagate, and FCR media are among its known clients.

List of categories

Billing & Invoicing
Core Accounting
Financial reporting
Accounting Practice Management
Medical Accounting

List of features

Accounts Payable
Accounts Receivable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Credit Card Processing
Depreciation
Fixed-Assets
General-Ledger
Project-Accounting
Purchase Orders
Sales Reporting
Customer Management
Time and Expense Tracking

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.