Best Accounting Software for Medium-Sized Businesses

NetSuite is an ERP solution that provides inventory management, financial statement reporting, and customizable transaction flows. Users like NetSuite's robust integration capabilities, its customizable financial reporting, and the ease of planning inventory and orders based on demand and sales history. Users experienced issues with NetSuite's support, found the manufacturing modules needing improvement, and reported difficulties in navigating the system and understanding its settings.

Sage Intacct is a software used for accounting, offering features such as automated workflows, approvals, consolidations, and report building. Reviewers frequently mention the software's user-friendly interface, its ability to improve efficiency and reduce manual errors, and its integration with other platforms. Users mentioned that customization and report building can be complex for new users, certain advanced features can increase costs, and some processes are overly complicated.

Xero is a cloud-based accounting software that provides functionalities such as invoicing, bank reconciliation, and financial reporting. Reviewers like Xero's clean interface, easy invoicing, seamless bank reconciliation, and the ability to access their cash flow from anywhere due to its cloud-based nature. Reviewers noted that the cost of Xero has been increasing, its reporting can be inflexible, and some features take too long to be added or are missing.

QuickBooks Online is a cloud-based accounting software that integrates with banks and offers features such as invoicing, payroll, and financial reporting. Reviewers like the software's ease of use, real-time access, automatic bank feeds, powerful reporting, and the ability to manage finances from anywhere, making bookkeeping faster, accurate, and well-organized. Reviewers noted issues with high subscription costs, occasional disconnection or miscategorization of bank feeds, limited customization for complex accounting needs, and slow or inconsistent customer support.

QuickBooks Desktop Enterprise is an accounting software designed for growing businesses, offering features like customizable reporting, advanced inventory tracking, and user permissions. Reviewers like the software's scalability, robust feature set, and its ability to handle large amounts of data, with users appreciating the detailed and customizable reporting features, as well as the software's integration capabilities with other systems. Reviewers noted that QuickBooks Desktop Enterprise can be complex and overwhelming for new users, requires more setup and sometimes IT support, and comes at a higher price point compared to other QuickBooks versions.

TallyPrime is an accounting software that handles tasks like GST calculations, invoicing, and financial reporting, and also offers features like inventory tracking and GST compliance. Users like TallyPrime's simplicity, its ability to save time in day-to-day accounting, reduce errors, provide quick access to accurate reports, and its interlinked modules that allow changes at one place to be reflected everywhere. Reviewers mentioned that TallyPrime has a challenging learning curve for new users, limited customization of reports and invoices, issues with integration with third-party apps and cloud-based access, and problems with data crashes during upgrades.

DualEntry is an accounting software that aims to streamline financial workflows and improve data accuracy through its dual-entry system. Reviewers like the user-friendly interface, the automation of repetitive tasks, the real-time data syncing, and the software's ability to handle high-volume transactions smoothly. Reviewers experienced issues with the initial setup being time-consuming, lack of detailed documentation for advanced features, limited customization options, and occasional integration problems with other tools.

SAP S/4HANA Cloud is a cloud-based ERP system that supports real-time financial reporting and transaction monitoring, and assists with internal control work and compliance-related processes. Users frequently mention the seamless integration of various business processes, real-time access to comprehensive data, and the system's ability to improve the accuracy of financial records and support better audit follow-up. Users mentioned the system's high level of integration can make it less intuitive, requiring extensive training to understand how each module functions and how their specific inputs feed into the overall financial information.

Workday Financial Management is a cloud-based financial solution that integrates payroll, accounts payable, and core finance. Users frequently mention the user-friendly interface, real-time analytics, strong governance model, and the ability to design scalable, end-to-end financial processes across the organization. Users experienced issues with the bulk upload process for large datasets, delays in logging in, and challenges with account and bank statement reconciliation capabilities, as well as difficulties in creating certain reports and finding specific information.