What users are saying about
13 Ratings
13 Ratings
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Score 8.5 out of 101
3 Ratings
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Score 9.5 out of 101

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Likelihood to Recommend

Acumatica 5.0

I believe that Acumatica is very well suited for a distribution business. The features and functionalities such as multicurrency, stock transfer, and most especially the CRM platform are perfect for this kind of business model.On other the hand, we feel that Acumatica is weak on food service businesses like a restaurant. It lacks the features and functionalities to be able to measure the assembly of food computation based on certain ingredients.
Parker Ong profile photo

LessAccounting

If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.
It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.
Shirin Elkoshairi profile photo

Feature Rating Comparison

Payroll Management

Acumatica 5.0
7.5
LessAccounting
9.5
Pay calculation
Acumatica 5.0
7.0
LessAccounting
9.0
Benefit plan administration
Acumatica 5.0
7.0
LessAccounting
Direct deposit files
Acumatica 5.0
8.0
LessAccounting
10.0
Salary revision and increment management
Acumatica 5.0
8.0
LessAccounting
Reimbursement management
Acumatica 5.0
7.5
LessAccounting

Customization

Acumatica 5.0
5.6
LessAccounting
8.3
API for custom integration
Acumatica 5.0
5.8
LessAccounting
9.5
Plug-ins
Acumatica 5.0
5.5
LessAccounting
7.0

Security

Acumatica 5.0
8.6
LessAccounting
10.0
Single sign-on capability
Acumatica 5.0
9.0
LessAccounting
10.0
Role-based user permissions
Acumatica 5.0
8.2
LessAccounting
10.0

Reporting & Analytics

Acumatica 5.0
7.8
LessAccounting
9.7
Dashboards
Acumatica 5.0
7.4
LessAccounting
9.5
Standard reports
Acumatica 5.0
7.8
LessAccounting
9.5
Custom reports
Acumatica 5.0
8.2
LessAccounting
10.0

General Ledger and Configurable Accounting

Acumatica 5.0
7.9
LessAccounting
9.4
Accounts payable
Acumatica 5.0
8.4
LessAccounting
10.0
Accounts receivable
Acumatica 5.0
7.6
LessAccounting
8.0
Global Financial Support
Acumatica 5.0
7.4
LessAccounting
Primary and Secondary Ledgers
Acumatica 5.0
8.0
LessAccounting
Intercompany Accounting
Acumatica 5.0
8.2
LessAccounting
9.5
Localizations
Acumatica 5.0
8.0
LessAccounting
Journals and Reconciliations
Acumatica 5.0
8.0
LessAccounting
10.0
Enterprise Accounting
Acumatica 5.0
8.0
LessAccounting
Configurable Accounting
Acumatica 5.0
8.0
LessAccounting
10.0
Centralized Rules Framework
Acumatica 5.0
8.0
LessAccounting
10.0
Standardized Processes
Acumatica 5.0
7.6
LessAccounting
10.0
Cash management
Acumatica 5.0
LessAccounting
8.5
Bank reconciliation
Acumatica 5.0
LessAccounting
10.0
Expense management
Acumatica 5.0
LessAccounting
9.0
Fixed asset management
Acumatica 5.0
LessAccounting
10.0
Electronic tax filing
Acumatica 5.0
LessAccounting
8.0
Self-service portal
Acumatica 5.0
LessAccounting
9.5

Inventory Management

Acumatica 5.0
8.4
LessAccounting
Inventory tracking
Acumatica 5.0
9.0
LessAccounting
Automatic reordering
Acumatica 5.0
8.0
LessAccounting
Location management
Acumatica 5.0
8.7
LessAccounting
Manufacturing module
Acumatica 5.0
8.0
LessAccounting

Order Management

Acumatica 5.0
8.0
LessAccounting
8.0
Pricing
Acumatica 5.0
8.0
LessAccounting
8.0
Order entry
Acumatica 5.0
8.2
LessAccounting
8.0
Credit card processing
Acumatica 5.0
8.0
LessAccounting
Cost of goods sold
Acumatica 5.0
8.0
LessAccounting
Order Orchestration
Acumatica 5.0
7.5
LessAccounting
End-to-end order visibility
Acumatica 5.0
8.0
LessAccounting
Order exception Resolution
Acumatica 5.0
8.0
LessAccounting

Subledger and Financial Process

Acumatica 5.0
7.8
LessAccounting
Automated Invoice Processing
Acumatica 5.0
7.0
LessAccounting
Shared Services Payments
Acumatica 5.0
9.0
LessAccounting
Billings Management
Acumatica 5.0
7.0
LessAccounting
Customer Receipt Applications
Acumatica 5.0
8.0
LessAccounting
Customer Collections
Acumatica 5.0
7.7
LessAccounting
Revenue Recognition
Acumatica 5.0
8.0
LessAccounting
Cash Management
Acumatica 5.0
7.8
LessAccounting
Asset Management
Acumatica 5.0
9.0
LessAccounting
Travel & Expense Management
Acumatica 5.0
7.5
LessAccounting
Budgetary Control & Encumbrance Accounting
Acumatica 5.0
7.5
LessAccounting
Period Close
Acumatica 5.0
7.6
LessAccounting
Transactions Tax
Acumatica 5.0
7.5
LessAccounting
Subledger Reconciliations
Acumatica 5.0
8.0
LessAccounting
3rd Party Accounting Systems
Acumatica 5.0
7.0
LessAccounting

Project Financial Management

Acumatica 5.0
7.9
LessAccounting
Budgeting and Forecasting
Acumatica 5.0
7.5
LessAccounting
Project Costing
Acumatica 5.0
7.5
LessAccounting
Cost Capture
Acumatica 5.0
7.5
LessAccounting
Capital Project Management
Acumatica 5.0
8.0
LessAccounting
Customer Invoicing
Acumatica 5.0
8.0
LessAccounting
Customer Contract Compliance
Acumatica 5.0
7.0
LessAccounting
Project Revenue Recognition
Acumatica 5.0
7.5
LessAccounting
Project Financial Performance Analysis
Acumatica 5.0
8.0
LessAccounting
Project Financials Dashboard
Acumatica 5.0
9.0
LessAccounting
Real-time Financial Reporting
Acumatica 5.0
9.0
LessAccounting
Embedded Business Intelligence
Acumatica 5.0
8.0
LessAccounting
Project Planning Collaboration
Acumatica 5.0
8.0
LessAccounting

Project Execution Management

Acumatica 5.0
8.0
LessAccounting
Project Planning and Scheduling
Acumatica 5.0
8.0
LessAccounting
Project Manager Dashboard
Acumatica 5.0
8.0
LessAccounting
Resource Manager Dashboard
Acumatica 5.0
8.0
LessAccounting
Task Insight for Project Managers
Acumatica 5.0
8.0
LessAccounting
Team Member Task Collaboration
Acumatica 5.0
7.0
LessAccounting
Talent Profiles
Acumatica 5.0
9.0
LessAccounting
Real-Time Project Reporting
Acumatica 5.0
8.0
LessAccounting

Grants Management

Acumatica 5.0
7.8
LessAccounting
Award Lifecycle Management
Acumatica 5.0
7.0
LessAccounting
Spending Control
Acumatica 5.0
8.0
LessAccounting
Indirect Cost Management
Acumatica 5.0
8.0
LessAccounting
Billing
Acumatica 5.0
8.0
LessAccounting

Procurement

Acumatica 5.0
7.9
LessAccounting
Sourcing Team Collaboration
Acumatica 5.0
8.0
LessAccounting
Sourcing Analysis
Acumatica 5.0
8.0
LessAccounting
Bids Analyzed and Compared
Acumatica 5.0
8.0
LessAccounting
Catalog Shopping E-Commerce for Employees
Acumatica 5.0
7.0
LessAccounting
Invoice Automated Matching
Acumatica 5.0
7.0
LessAccounting
Requisitions-to-Purchase Orders Integrated
Acumatica 5.0
9.0
LessAccounting
Supplier Assessment
Acumatica 5.0
8.0
LessAccounting
Supplier Management
Acumatica 5.0
9.0
LessAccounting
Supplier Portal
Acumatica 5.0
7.0
LessAccounting

Logistics

Acumatica 5.0
7.8
LessAccounting
Transportation Planning and Optimization
Acumatica 5.0
7.0
LessAccounting
Transportation Sourcing Management
Acumatica 5.0
7.0
LessAccounting
Trade Management
Acumatica 5.0
8.0
LessAccounting
Customs Entry Management
Acumatica 5.0
8.0
LessAccounting
Customs Document Management
Acumatica 5.0
8.0
LessAccounting
Customs Document Collaboration
Acumatica 5.0
8.0
LessAccounting
Fulfillment Management
Acumatica 5.0
8.0
LessAccounting
Inventory Visibility
Acumatica 5.0
8.0
LessAccounting

Manufacturing

Acumatica 5.0
7.2
LessAccounting
Production Process Design
Acumatica 5.0
7.0
LessAccounting
Supply Chain Business Flows
Acumatica 5.0
7.0
LessAccounting
Production Management
Acumatica 5.0
8.0
LessAccounting
Configuration Management
Acumatica 5.0
7.0
LessAccounting
Manufacturing Costs
Acumatica 5.0
7.0
LessAccounting

Supply Chain

Acumatica 5.0
8.0
LessAccounting
Forecasting
Acumatica 5.0
8.0
LessAccounting
Inventory Planning
Acumatica 5.0
8.0
LessAccounting
Multi-tier Supply Chain Planning
Acumatica 5.0
8.0
LessAccounting

Product Lifecycle Management

Acumatica 5.0
8.0
LessAccounting
Proposal Management
Acumatica 5.0
8.0
LessAccounting
Product Master Data Management
Acumatica 5.0
9.0
LessAccounting
Vendor Portal
Acumatica 5.0
7.0
LessAccounting
Project Portfolio Management
Acumatica 5.0
8.0
LessAccounting

Accounting Firm BPO Features

Acumatica 5.0
LessAccounting
9.5
Configurable alerts
Acumatica 5.0
LessAccounting
9.0
Client template cloning
Acumatica 5.0
LessAccounting
10.0

Pros

  • Since our sales team is spread all around the country, Acumatica being based in the cloud really helps us set up and access the platform in any location as long as there is an internet connection. This saves us time and money because there is no need to set up hardware, servers, and networks in order to access Acumatica.
  • The customization of dashboards and the creation of specific conditions to show a certain metric is what amazes us as we use Acumatica. To give an example, we wanted to track the new leads that are being generated by our sales team per month. We were able to capture the data by setting the parameters and added this report to management's dashboard.
Parker Ong profile photo
  • Less Accounting integrates with our business bank account as well as our corporate credit cards. All transactions are automatically pulled into the system and classified by the types of expenses. There's a lot of automation and the manual entry of data rarely occurs.
  • The System is streamlined and easy to learn. There is no need to understand monthly and annual closing of the books and the system is visually easy to follow. Online chat and email support have allowed us to make use of features we didn't know how to implement.
  • LessAccounting is highly accessible. Since this is cloud-based, my business partner and I always have our own access, our bookkeeper has access and so does our CPA for doing monthly sanity checks and for completing our taxes annually.
  • Reliability, there hasn't been a single outage or issue that I've experienced with application availability since day 1.
Shirin Elkoshairi profile photo

Cons

  • Email integration: Horribly clunky, requires users to share email password with Acumatica to allow use of outbound emails. Should be using a more secure method like access tokens.
  • Expense approval process: Once expense claims are approved, approvers (depending on role) can no longer see the approved/denied claims. Denial of claims requires a manual email/call to submitter instructing them to correct and resubmit the claim.
  • CRM: Allow for tracking of cases by the opportunity in addition to business accounts. This would allow for more accurate tracking of issues related to specific opportunities.
No photo available
  • With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
  • Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
  • The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.
Shirin Elkoshairi profile photo

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
LessAccounting10.0
Based on 1 answer
It works, it keeps our historical data and is easy to use
Shirin Elkoshairi profile photo

Alternatives Considered

I liked the flexibility of Salesforce and the ability to customize look and feel with minimal development involvement. Email integration was smooth and seamless. However, Acumatica's ability to customize certain business processes to meet our particular day to day operational needs and account based fee as opposed to user based fees made it a better option for our organization.
No photo available
Quickbooks was a bit too complicated for us, FreshBooks didn't seem to offer a complete accounting system but was powerful for invoicing and Accounting by Wave was similar to Quickbooks in complexity. Since we've been with LessAccounting for over 5 years, new contenders have entered the market which we didn't evaluate such as Xero accounting and others.
Shirin Elkoshairi profile photo

Return on Investment

  • Better communication and collaboration on customer accounts through the CRM.
  • Improved month-end close time and more up to date financial information.
  • Slow to implement has been frustrating for the team and has been more expensive than anticipated.
No photo available
  • The simplicity yet full-featured accounting capabilities of LessAccounting have allowed us to develop a solid process around bookkeeping, invoicing, collections and cash flow management without detriment to the sales and marketing efforts of the firm. For the 1st five years of business, our entire bookkeeping could be completed in less than 4 hours per month.
  • So long as your financial institutions are integrated into LessAccounting, it's almost impossible to have bad balances or unreported income or expense. We've used LessAccounting to catch errors made by our financial institutions with it's really powerful, yet simple reconciliation system.
Shirin Elkoshairi profile photo

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

LessAccounting

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details