Enterprise Grid® for Accounting Software
Accounting Software Definition
Accounting software helps organizations record, manage, and report financial transactions while maintaining accurate financial records and supporting regulatory compliance. These solutions automate core accounting processes, such as accounts payable (AP), accounts receivable (AR), invoicing, general ledger management, bank reconciliation, financial reporting, and financial close. Businesses use accounting software to improve financial visibility, streamline financial operations, and support informed decision-making.
To qualify for inclusion in the Accounting category, a product must:
- Maintain a company's general ledger and chart of accounts
- Automate accounts payable (AP), accounts receivable (AR), and invoicing workflows
- Support journal entries, account reconciliation, and financial adjustments
- Track revenues, costs, expenses, cash flow, and profitability
- Manage bank accounts and payment methods
- Assist users with month-end and year-end financial close processes
- Generate financial statements, reports, dashboards, and key financial metrics
Enterprise Accounting Grid® Scoring Description
Products shown on the Enterprise Grid® for Accounting have received a minimum of 10 reviews/ratings in
data gathered by August 30, 2022. Products are ranked by customer satisfaction (based on user reviews) and market
presence (based on market share, seller size, and social impact) and placed into four categories on the
Grid®:
- Products in the Leader quadrant are rated highly by G2 users and have substantial Market Presence scores. Leaders include: Sage Intacct, NetSuite, SAP ERP, BlackLine, QuickBooks Online, Oracle EBS Financials, Oracle PeopleSoft, SAP Business One, Workday Financial Management, QuickBooks Desktop Pro, FreshBooks, Xero, QuickBooks Desktop Enterprise, and SAP Business ByDesign
- High Performing products have high customer Satisfaction scores and low Market Presence compared to the rest of the category. High Performers include: Acumatica and MoneyWorks
- Contender products have relatively low customer Satisfaction scores and high Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Contenders include: Oracle Financials Cloud, Microsoft Dynamics 365 Business Central, Oracle JD Edwards EnterpriseOne, Infor LN, and Microsoft Dynamics 365 Supply Chain Management
- Niche products have relatively low Satisfaction scores and low Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Niche products include: Odoo ERP, FinancialForce Financial Management ERP, Kinetic, and Deltek Maconomy
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in any form without G2’s prior written permission. While the information in this report has been
obtained from sources believed to be reliable, G2 disclaims all warranties as to the accuracy,
completeness, or adequacy of such information and shall have no liability for errors, omissions, or inadequacies in such information.
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