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SoftLedger

Score9.1 out of 10

1 Reviews and Ratings

What is SoftLedger?

SoftLedger, the real-time cloud accounting platform enabling accountants and developers to easily manage multiple entities, integrate with other systems, and close their books faster.

Media

Screenshot of a comparison of SoftLedger with other accounting platforms
Screenshot of the SoftLedger balance sheet
Screenshot of the SoftLedger report editor
Screenshot of the SoftLedger PDF template editor
Screenshot of Forex revaluation in SoftLedger
Screenshot of productions in SoftLedger

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Screenshot of a comparison of SoftLedger with other accounting platforms

Top Performing Features

  • Single sign-on capability

    The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

    Category average: 8.5

  • Standard reports

    The software offers pre-built reports with metrics standard to the category.

    Category average: 8.3

  • 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.

    Category average: 8.4

Areas for Improvement

  • Configurable Accounting

    Configure accounting rules and segments for each chart of accounts

    Category average: 8.1

  • Standardized Processes

    Centralize financial management to facilitate standardized financial processes

    Category average: 8.2

  • Order Orchestration

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

    Category average: 7.1

Game-changer for our multi-entity staffing business

Use Cases and Deployment Scope

We operate a staffing and recruiting company with several business entities. We chose SoftLedger to replace QuickBooks and a manual excel based consolidation process.

Pros

  • Quick multi-entity accounting without messy workarounds
  • Excellent customer support and onboarding help
  • Flexible reporting structure (we track by recruiter and client)

Cons

  • No built-in payroll, though it integrates easily with external services

Return on Investment

  • Within 6 months we had recouped implementation costs through time saved and reduced accounting overhead.

Usability