SoftLedger Review - why 4.9 stars?

Shlomi Lavi / updated: May 13, 2022

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What is SoftLedger?

SoftLedger is a cloud-based accounting software that enables administrators to manage reports on various entities related to their organizations, as well as managing their cash flows by directly interfacing with their banks. It also allows them to track their inventory as they transition through the production stages and determine balances based on the costing methodology derived from the process.

The main features of SoftLedger include consolidation accounting, Cryptocurrency accounting, cash management, and accounts receivable. SoftLedger is a privately owned computer software that was founded in 2016; it has its main location in Santa Monica, California, USA, and currently has within 50 employees.

Who is it best for?

The typical customers include the following business size: SMBs.

What is the actual cost?

The cost of license starts at $979 per month. ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for SoftLedger. You can also find here pricing information from SoftLedger's website.

Pros

• It has an open REST API
• SoftLedger is SOC 1 compliant
• Hash IDs can be added to on-chain transactions to link them with related block explorers

Cons

• The cryptocurrency function of this software only supports one currency as of now
• Loss/gain calculations have to be manually made and added to the software for now

How it stacks up?

Access a head to head analysis of SoftLedger vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is SoftLedger right for you or your business?

SoftLedger is ideal for small and medium industries in financial services, real estate, ecommerce, and franchise industries. Generally, organizations that require an accounting software that is fundamentally based on cloud architecture would find this software suitable for their use. Crypto.com, Odem, BitWage, and Hydralyte are some of the establishments that SoftLedger caters for.