Name: AccountingSuite
Rating: 10 (1 reviews)
Author: AccountingSuite

Digital Adoption

Help Desk

Web and Video Conferencing

Customer Support

Bug  Tracking

Software Repositories

Development

Online Proctoring Software

Education

Audit

Business Intelligence (BI)

Collaboration

Enterprise Generative AI

Visual Collaboration

Enterprise

Accounting

Revenue Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Recruitment Automation

Succession Planning

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

3D Printers

AIOps

C/C++ Integrated Development Environments

Cloud Storage

Cybersecurity Consulting

Data Center Infrastructure Management

Data Quality

Data Virtualization

Desktop Management

Distributed Denial of Service (DDoS) Protection

Fraud Detection

Hadoop-Related

Hosted Virtual Desktop

Integration Platform as a Service (iPaaS)

MLOps

Managed Public Cloud Infrastructure

Mobile Data Security

Monolithic Frame-based Disk Arrays

Network Performance Monitoring

Process Mining

Relational Databases

Security Awareness Training

Web Access Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Consumer Ratings & Reviews

Content Management

Email Marketing

Event Registration

Landing Page

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

AI Meeting Assistants

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation Services

Sales

Antivirus

User and Entity Behavior Analytics (UEBA)

Security

Construction Accounting

Hotel Management

Library Management

Mental Health

Multiple Listing Service (MLS)

Pharmacy

Scholarship Management

Telemedicine

Utilities

Vertical-Specific

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### Inventory Management
Users generally believe that AccountingSuite's inventory management functionality is a standout feature, with many praising its ability to efficiently track inventory, manage stock levels, and streamline inventory control processes. The platform's inventory management capabilities have been commended for providing real-time insights into stock availability, facilitating informed decision-making, and enhancing overall operational efficiency. Additionally, users appreciate the system's user-friendly interface and robust inventory tracking features, which contribute to a more organized and effective inventory management system.

### Order Management
Reviewers unanimously praise AccountingSuite's order management capabilities. Users consistently highlight the platform's efficient handling of sales and purchase orders, as well as its streamlined inventory management features. The cloud-based software's ability to facilitate quick and accurate order processing, along with its intuitive interface for creating and tracking orders, has garnered widespread acclaim among users. Additionally, AccountingSuite's order management functionality is commended for its role in enhancing overall operational efficiency and decision-making processes within businesses.

### Customer Collaboration
Users consistently praise AccountingSuite's user-customer collaboration features, highlighting its ability to enhance communication between users and clients. The platform's customer collaboration tools are commended for facilitating smooth interactions and fostering strong relationships with customers. While some users have encountered challenges in other areas, the general sentiment remains positive towards AccountingSuite's customer collaboration capabilities.

### Business Growth Support
While some users appreciate AccountingSuite's support for small businesses and its ease of scalability as companies grow, others have raised concerns about the software's limitations when handling complex transactions and larger operations. The mixed feedback suggests that AccountingSuite's business growth support capabilities may be sufficient for small enterprises but may require enhancements to cater to the needs of expanding businesses effectively. Users emphasize the importance of continuous software updates and more competitive pricing to better serve a wider range of businesses, including small and mid-sized enterprises.

### Pricing and Subscription Models
Users consistently praise AccountingSuite's affordable pricing and subscription options. They appreciate the flexibility in pricing structures and the cost-effectiveness compared to other online solutions in the market. Some users specifically mention that the competitive price point makes AccountingSuite a compelling choice for small entrepreneurs. Additionally, users highlight the accessibility of the software from various platforms and the support for different business needs, further enhancing the value proposition of AccountingSuite's pricing and subscription models.

### Banking and Transactions
While users appreciate AccountingSuite's ease of implementation and functionality in managing bank transactions, there are concerns about the system's performance when handling a high volume of transactions. Some users find the process of writing rules for incoming bank transactions challenging, especially when dealing with a large number of transactions. Additionally, there are complaints about the software's slow performance, frequent crashes, and inefficient navigation, which hinder the smooth management of bank feeds. Despite some positive aspects, users express a need for improvements in the software's banking and transaction capabilities to better cater to the needs of growing organizations and enhance overall user experience.

Easy to Use and Implement: Users have found AccountingSuite to be easy to implement and use, with some reviewers stating it was a breeze for keeping accurate records and user-friendly overall. Several users appreciated the quick and easy setup process, making it accessible without extensive training.

Scalable and Customizable: AccountingSuite is praised for its scalability, allowing companies to grow with the software. Users appreciate the ability to customize the software according to their specific needs, with support readily available in learning and customizing the program. Some users mentioned that AccountingSuite surpassed other invoice software they have tried, receiving a perfect rating from them.

Strong Inventory Capabilities: Users highly regard AccountingSuite's strong inventory tracking capabilities. They find it helpful in easily tracking and managing their inventory, making better purchasing decisions based on accurate information. The fully integrated inventory module eliminates the need for additional software.

Slow Performance: Several users have mentioned that AccountingSuite can be slow and experience long load times, especially when starting up the program or switching between tabs. Some users reported that this affected their overall user experience and made tasks take longer to complete.

Limited Reports and Features: Users have noted that there are some standard accounting software reports missing in AccountingSuite, such as average day to pay. Additionally, some users found certain features to be lacking or outdated, making accounting services delivery cumbersome. However, they acknowledged that developers are working on addressing these issues.

Lack of User-Friendliness: Many users expressed frustration with the user interface and navigation of AccountingSuite. They found the software's design to be unattractive and felt that it required too many clicks to accomplish tasks. Some users also mentioned that the software is not as intuitive or user-friendly as other options like QuickBooks, which made it difficult for them to onboard clients or use the software effectively for their business.

AccountingSuite has proven to be a valuable tool for startup companies and restaurants, helping them quickly set up their businesses with easy access to help and support. Users have praised its ability to track inventory, manage invoices, and handle orders for pickup or shipping. This functionality provides users with a clear view of outstanding payments and pending orders, streamlining their operations. Additionally, AccountingSuite simplifies tax filing by assisting users in completing Schedule C and saving them valuable time by providing the necessary data. The software's reporting capabilities have also received high praise, allowing businesses to generate GAAP-based financial statements and configure cashflow statements. Seamless integration with third-party billing and credit card systems has further improved efficiency for many users. While some individuals have requested additional training to fully maximize the software's potential, others have found it to be a user-friendly solution that performs all necessary accounting tasks. However, there have been occasional reports of software crashes, which could be addressed to enhance the overall user experience. Overall, AccountingSuite is highly recommended for small startup businesses looking for an affordable yet comprehensive accounting solution that integrates well with other departments and modules within their organization.

FreeAgent is an cloud-based accounting system designed for small businesses and freelancers. FreeAgent supports many core accounting features and bank reconciliation, payroll, tax management, project level accounting, and multiple currency support. It is mobile-accessible, and integrates with many apps.

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AccountingSuite

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.