SoftLedger Reviews & Product Details

SoftLedger is a general ledger designed for lean accounting teams. A powerful and user-friendly accounting platform, SoftLedger helps CFOs and controllers deliver consolidated financial data in real-time. Targeted primarily at CFOs, controllers, and financial teams within small to mid-sized businesses, SoftLedger addresses the challenges of managing financial data easily with a small finance and accounting team. Companies that operate multiple subsidiaries or divisions often face difficulties in consolidating financial information, ensuring compliance, and generating accurate reports. SoftLedger simplifies these tasks by offering a centralized platform where users can easily track and manage their financial data, regardless of the complexity of their organizational structure. Key features of SoftLedger include real-time data consolidation, automated reporting, and compliance management. The real-time data consolidation feature allows users to seamlessly integrate financial information from multiple entities, providing a comprehensive view of the organization’s financial health at any given moment. Automated reporting capabilities streamline the process of generating financial statements and reports, reducing the manual effort required and minimizing the risk of errors. Additionally, SoftLedger ensures compliance with relevant accounting standards and regulations, helping organizations maintain transparency and accountability in their financial practices. SoftLedger stands out in its category by offering a user-friendly interface that enhances the overall user experience. The platform is designed to be intuitive, allowing financial teams to navigate through the software with ease. This accessibility is crucial for organizations that require quick access to financial data and insights for decision-making purposes. Furthermore, the ability to customize reports and dashboards enables users to tailor the information presented to their specific needs, facilitating better analysis and strategic planning. Overall, SoftLedger provides significant value to organizations with complex financial structures by simplifying the management of financial data, ensuring compliance, and enhancing reporting accuracy. Its robust features and user-centric design make it an essential tool for financial professionals seeking to optimize their accounting processes and improve their organization’s financial visibility.

Product Website

Seller

SoftLedger

Discussions

SoftLedger Community

Languages Supported

English

Product Description

SoftLedger is a flexible financial management solution that includes best in class functionality for general ledger, accounts receivable, accounts payable, employee expenses, fixed assets, and reporting.

Overview by

Ben Taylor (CEO at SoftLedger)

Value at a Glance

Averages based on real user reviews.

Perceived Cost

$$$$$

View More Pricing Information

SoftLedger Integrations

(2)

Verified by SoftLedger

SoftLedger Media

SoftLedger: The flexible solution that grows with your business.

Quickly and easily generate the financial reports you need to manage your business, with the ability to drill down all the way to the underlying transactions.

Easily build custom financial reports.

Customize the look and layout of document PDFs auto-generated by the system.

Automatically pull foreign currency rates and revalue at the end of the month.

Full-featured inventory management, including light-manufacturing.

Product overview

Product demo: Multi-entity consolidation

Customer story: Ark Financial

Product demo: Digital asset management

Official Downloads

(1)

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Interactive Demo

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Bob A.

Controller

Mid-Market (51-1000 emp.)

1/17/2022

"Accounts Receivable solution"

5/5

What do you like best about SoftLedger?

Straight forward and logical are the best ways to describe the user interface. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

It is so much better than the other software we replaced that I'm unable to list any dislikes. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

A chronic problem that we experienced before resulted in our district managers constantly calling out AR department to get payment status on client invoices.

Softledger has allowed us to provide all managers with browse only access to Accounts Receiveable information any time they need it 24 hours a day. Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

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Hi Bob. Thank you for taking the time to leave us a review! Our main goal in building SoftLedger was to have a full-featured system that was fast and easy to learn and operate. It's great to hear our system has solved your client invoice issues as well. Being able to segregate duties is very important and can save everyone a lot of time.

Arpit J.

Assistant Manager

Mid-Market (51-1000 emp.)

6/4/2021

"Clear Interface with great functions"

3.5/5

What do you like best about SoftLedger?

The interface of the soft ledger is self-explanatory; it also has some of the very unique features which make it a very powerful software for accounting Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

Rates of the softledger is comparatively very high when compared with its peers Review collected by and hosted on G2.com.

Recommendations to others considering SoftLedger:

If you don't have budget constraints, then go for this accounting software. it is perfect and has a self-explanatory interface. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

We are solving our account payable and accounts receivable and the overall accounting need of our internal department. Review collected by and hosted on G2.com.

Wesley C.

Senior Accountant

Small-Business (50 or fewer emp.)

8/3/2021

"Product is an Absolute Lifesaver!"

5/5

What do you like best about SoftLedger?

Would everything be a good answer?

This review is so past overdue that I do not know where to start....

Here's my abridged version....

1. Customer Service is absolutely exemplary. Quick responses. Detailed tutorials. Custom workarounds. Seriously amazing.

2. Crypto Transactions module is a masterpiece. They have off-the-shelf coin reporting. Custom coin management. You can track cost-basis, coin movement, realized gain/loss, unrealized gain/loss and even itemized transaction journal entries.

3. Softledger handles changes, adjustments, cost-basis and gain/loss recalculations with ease.

4. They have FX exchange, Intercompany functions, parent/sub relationships.

5. Between the Journal Report and the Crypto Transactions I can find any information that I could possibly want.

Overall, as a company, we are extremely happy that we went with Softledger. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

1. There is currently no payment batching which affects the bank recon. However, all the payments still appear so we can still reconcile with relative ease even without it and it is currently being developed as I type this.

2. There accounts payable module does not support crypto payments but it is also in the pipeline to be available in the future.

Thank you Travis and Ben for all you have done to get us some of the cleanest financials in the crypto space! Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

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Hi Wesley. Thanks for taking the time to leave us a review! It’s great to hear our crypto capabilities are suiting your business needs. We are always looking to better our system for our customers and have already added in some additional functionality on the points you mentioned. We will continue to add AP/payment improvements in the coming year. Please reach out with any additional functionalities that would help streamline your business operations even more! And give you more time to sleep!

Sumit S.

Lead Engineer- Product Risk Representative III

Mid-Market (51-1000 emp.)

6/28/2021

Business partner of the seller or seller's competitor, not included in G2 scores.

"Soft Ledger: Best in the market to generate Financial reports"

4/5

What do you like best about SoftLedger?

It is easy to understand and generate all sorts of accounting reports.

It is a complete package or a full suite with all accounting processes streamlined and automated. So it helps in all accounting entries and till the point of creating a balance sheet in the end Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

There is hardly anything to dislike in it.

There are a lot of features that only a person with a basic accounting understanding can understand, Review collected by and hosted on G2.com.

Recommendations to others considering SoftLedger:

It is the best accounting tool in the market. You can control all your accounting entries in the real-time, forecast for projects, do budgeting with various scenarios.

It helps in managing the purchase orders, inventory tracing, and streamlining the entire process. It is easy to do all forms of customizations as well. It saves a lot of time, resources and money Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

It allows the executives to see real-time expenses and control them. They can see all information about vendors as well. It easily connects with banks and provides live details.

It has helped our team to automate everything and create all P&L reports, Balance sheet in real-time Review collected by and hosted on G2.com.

Wycliffe K.

Reconciliation

Small-Business (50 or fewer emp.)

2/10/2022

"Generally, easy to use and navigate as well as dynamic to the market needs. Great customer success."

4/5

What do you like best about SoftLedger?

Very responsive and resourceful customer success. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

Currency view for subsidiary locations with different currency bank accounts is not easy to navigate. Review collected by and hosted on G2.com.

Verified User in Financial Services

Mid-Market (51-1000 emp.)

1/26/2022

"Important system error such as audit trail should be fixed ASALP"

2.5/5

What do you like best about SoftLedger?

Report function as it is flexible and easy Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

1/Many system errors since the implementation

2/Cannot download FX rate for FIAT and cannot have clear data source Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

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Thank you for your feedback. I’m very sorry to hear there were errors after your implementation and that you’ve been unable to export the fiat FX rates. This isn’t the experience we want for our customers. Please reach out to our CS team so that they may help resolve this for you.

Verified User in Financial Services

Small-Business (50 or fewer emp.)

1/14/2022

"Great product"

4.5/5

What do you like best about SoftLedger?

Ability to consolidate accounts and ease of use and great customer service Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

Ability to move more easily between accounts Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

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Thanks for taking the time to leave a review! It’s great to hear that you are benefiting from our consolidation capabilities. Please continue to reach out to our customer service team with any comments you may have. We always love to hear from you!

Balbir Singh C.

Business Management Consultant, Technology

Enterprise (> 1000 emp.)

5/30/2021

"Simple to use, it’s nice product!"

5/5

What do you like best about SoftLedger?

It's simple to use, user friendly and it's fast , it just takes less than half of time as compared to previous product we used . It's a good value for money I'd say Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

As of now there is nothing which I can say i don't like it..it's an amazing product. Review collected by and hosted on G2.com.

Recommendations to others considering SoftLedger:

I recommend this product if you are looking for something which is fast, reliable. It's customer support team is very friendly in case you require any support. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

It's speed and reporting system is helping us a lot. We wanted to check various reports for management reporting, this tool serves all the purpose. Review collected by and hosted on G2.com.

Nikhil J.

Investment Banker

Mid-Market (51-1000 emp.)

6/8/2021

"Most Interactive Features in an Accounting Software"

4.5/5

What do you like best about SoftLedger?

The Interactive UI and Insights provides the best experience. Tools like budgeting, consolidation, payroll processing and revenue recognition help all the respective departments. AR and AP analysis tools and mechanism are icing on the cake. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

should add more interactive features to make UI one of the best in the industry providing ease of analysis to end-users Review collected by and hosted on G2.com.