What users are saying about
11 Ratings
11 Ratings
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Score 8.7 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

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive 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

Customization

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

Security

Acumatica 5.0
7.0
LessAccounting
10.0
Role-based user permissions
Acumatica 5.0
7.0
LessAccounting
10.0
Single sign-on capability
Acumatica 5.0
LessAccounting
10.0

Reporting & Analytics

Acumatica 5.0
6.7
LessAccounting
9.7
Dashboards
Acumatica 5.0
4.0
LessAccounting
9.5
Standard reports
Acumatica 5.0
7.0
LessAccounting
9.5
Custom reports
Acumatica 5.0
9.0
LessAccounting
10.0

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
LessAccounting
9.4
Accounts payable
Acumatica 5.0
10.0
LessAccounting
10.0
Accounts receivable
Acumatica 5.0
8.0
LessAccounting
8.0
Global Financial Support
Acumatica 5.0
5.0
LessAccounting
Intercompany Accounting
Acumatica 5.0
9.0
LessAccounting
9.5
Journals and Reconciliations
Acumatica 5.0
10.0
LessAccounting
10.0
Standardized Processes
Acumatica 5.0
8.0
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
Configurable Accounting
Acumatica 5.0
LessAccounting
10.0
Centralized Rules Framework
Acumatica 5.0
LessAccounting
10.0

Inventory Management

Acumatica 5.0
8.5
LessAccounting
Inventory tracking
Acumatica 5.0
9.0
LessAccounting
Location management
Acumatica 5.0
8.0
LessAccounting

Order Management

Acumatica 5.0
9.3
LessAccounting
8.0
Pricing
Acumatica 5.0
10.0
LessAccounting
8.0
Order entry
Acumatica 5.0
9.0
LessAccounting
8.0
Cost of goods sold
Acumatica 5.0
8.0
LessAccounting
End-to-end order visibility
Acumatica 5.0
10.0
LessAccounting

Subledger and Financial Process

Acumatica 5.0
6.8
LessAccounting
Automated Invoice Processing
Acumatica 5.0
7.0
LessAccounting
Customer Collections
Acumatica 5.0
7.0
LessAccounting
Cash Management
Acumatica 5.0
7.0
LessAccounting
Period Close
Acumatica 5.0
6.0
LessAccounting

Payroll Management

Acumatica 5.0
LessAccounting
9.5
Pay calculation
Acumatica 5.0
LessAccounting
9.0
Direct deposit files
Acumatica 5.0
LessAccounting
10.0

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

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive 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

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • 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

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
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

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • 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