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1. What is accounting software?
Accounting software helps users manage and automate an organization's financial functions and transactions with modules including accounts payable, accounts receivable, payroll, billing, and general ledger. Integrated accounting applications allow for comprehensive, real-time analysis of an organization's financial status including cash flow and expense management.
2. The benefits of accounting software
3. Typical features of accounting software
4. The cost of accounting software
Most of the products in the market are priced on a 'per user, per month' basis, and can be broken down into three pricing tiers based on their starting price:
Price ranges:
*The pricing included is for the entry-level/lowest-priced offering that was found on vendor websites on August 1, 2018.
The list above includes pricing for the base plans of accounting products. An enterprise, or premium product, which is priced higher, may include some additional features such as multi-currency support, bill management, sales quotes, purchase order management, and recurring invoicing.
5. Considerations when purchasing accounting software
6. Relevant accounting software trends
Sources
Products evaluated for the pricing calculation were taken from the Capterra Top 20 report. The pricing ranges exclude freemium versions of these products. The features highlighted have been identified based on their relevance and the percentage of products in the Capterra database that offer them.
The following sources were used for this document:
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