The Top 21 ERP Accounting Software Systems of 2021
Every business needs an intuitive accounting solution—small and medium sized businesses are no exception. While standalone accounting software is common, more and more businesses are beginning to reap the benefits of ERP software with natively integrated accounting features.
Standalone accounting software is difficult and time-consuming to connect to outside data sources. By utilizing an ERP with built-in accounting functionality, businesses are able to be more efficient by having all of their vital data in one place.
In fact, 89% of companies identified accounting as the most vital part of their ERP.
When it comes to finding the right ERP accounting software, here are some features that you should look for:
Payroll Management
Expense Tracking
Custom Report Generation
Fund Accounting
Online Banking
Bank Reconciliation
Customer and Vendor Portal
Tax Management
With so many accounting software solutions available to small and medium sized businesses, it can be tough to know exactly what you need.
Finding the right accounting ERP requires some thorough research and expertise. We’re here to help. Our software experts have compiled a comprehensive breakdown of the top 21 accounting ERP software solutions of 2021.
*Note: Our software reviews are for informational purposes only. We encourage you to perform research and demo systems to achieve the most comprehensive comparison.
1. Striven
Striven is an all-in-one software solution that provides all-inclusive financial management tools. Striven is a diversely capable software solution that supports both front and back-office personnel. Striven’s extremely customizable software suits a variety of industries such as professional services, manufacturing, construction, and real estate.
Highlights:
Full payroll and tax management
Natively integrated complete system
Detailed financial and productivity reports generated in seconds
Communication portals for customers, vendors, and subcontractors
Order management and expense tracking
Full CRM dashboard
Inventory management
Reconcile business and bank financial information
What Sets It Apart: Striven’s expert team of business analysts personally see to your success. From training and onboarding, technical support, and business-specific customizations, the Striven support staff is available 24/7. On top of that, Striven’s automation capabilities allow you to work more efficiently.
Pricing: Free trial and custom demo, packages begin at $35/user.
More info: Striven Wins 3 Best Of 2021 Awards
2. ERP Next
ERPNext services a wide variety of industries and offers financial services features such as subscription plans, loyalty programs, and inventory management.
Highlights:
KPIs highlighted on dashboard
Configurable “chart of accounts” tree view
Create custom print templates for invoices
What Sets It Apart: ERPNext is open source software and can be hosted for free by users.
Pricing: 14 day free trial, free version available, support plans begin at $10/month.
3. Web ERP
Web ERP is a completely open source, browser based accounting and business management system that has been running cloud accounting software since 2003.
Highlights:
Exports all data to fully compliant PDFs
Audit trail for user activity
Multiple taxes payable to different tax authorities
What Sets It Apart: Transfers between accounts are automatically detected by entry of payment to another bank account or receipt.
Pricing: Free to download, support plans require payment (price not available on site.)
4. Dolibarr
Dolibarr is an all-in-one business management suite that provides an “in-the-box” solution that also includes various customizable extensions and add-ons.
Highlights:
Includes predefined email templates
Reminders for unpaid invoices
History of all bank receipts
What Sets It Apart: Offers integration with e-commerce services such as Paypal, Stripe, Paybox, and PayZen.
Pricing: Barebones version free, add-ons vary in price.
5. AccountMate
Accountmate is an accounting focused ERP that offers real-time, customizable financial and business management solutions for hundreds of concurrent users.
Highlights:
Has user-definable password policy
Streamlined bank reconciliation
Customizable report designer tool
What Sets It Apart: The consolidated ledger module provides the ability to quickly combine several companies’ account balances and budgets into a single unified ledger to present consolidated financial statements and related reports.
Pricing: Varies by package, price available after demo.
6. Cougar Mountain Software
Cougar Mountain Software is on-premise accounting software designed for non-profits and small to mid-sized businesses.
Highlights:
Bespoke fund accounting solution
Regulatory compliance payroll platform
Tamper-proof audit trail
What Sets It Apart: Cougar Mountain Software allows businesses to set up unlimited users and payroll accounts.
Pricing: Available upon request.
7. OSAS
Open Systems Adaptable Solutions (OSAS) is a real-time financial accounting software and business intelligence platform that offers a complete ERP solution for various industries.
Highlights:
Interactive dashboards
Create user-defined terms and aging periods
Simplified benefits tracking
What Sets It Apart: OSAS allows you to stay up-to-date on compliance measures with IRS-supplied depreciation tables, MACRS, and ACRS.
Pricing: Available upon demo request.
8. Nvoice Pay
Nvoicepay’s payment solution enables AP teams to pay all supplier invoices in a single automated workflow, without keeping track of payment instructions or going through a complicated ERP integration.
Highlights:
Approve payments remotely
Offload liability for securely managing sensitive data
Estimated rebate dashboard
What Sets It Apart: Nvoicepay allows users to never have to touch supplier payment data due to the security protocols and onboarding team who take care of these processes.
Pricing: Available upon demo request.
9. Canopy
Canopy created a connected financial experience for businesses and their clients with client portal dashboards, secure file exchange methods, and e-signature based payment platforms.
Highlights:
Supports more than 350 federal and state tax notices
Helps resolve liens and levies
Custom report generation
What Sets It Apart: The Canopy platform is available on both Apple and Android mobile devices.
Pricing: Free for up to 20 contacts, standard package begins at $89.
10. YayPay
YayPay is an accounts receivable management platform that combines with existing ERPs and tech stacks that provides business intelligence information.
Highlights:
“Smart AR” predictive analytics
Automated accounts receivable functions
Real-time DSO
What Sets It Apart: YayPay’s business intelligence module creates custom reports from analysis of your businesses KPIs.
Pricing: Available upon demo request.
11. Dear Systems
Dear Systems is a cloud ERP software solution that helps businesses manage supply chains, connect to sales channels, and scale operations.
Highlights:
B2B payment gateway
VAT-compliant accounting integration
Order management software interface
What Sets It Apart: Dear Systems connects accounting modules to every facet of your business via the integrated information dashboard.
Pricing: Monthly plans begin at $249.
12. BigTime
BigTime professional service automation software offers real-time visibility into budgeting, tracking, and time management.
Highlights:
Automated billing rates and expense calculation
Budgeting history invoicing Wizard
Manage unbilled time and expenses
What Sets It Apart: BigTime offers a time tracking system with customizable views, smart lookups, and user-driven presents/defaults.
Pricing: Packages begin at $10/month.
13. Accounting Seed
Accounting Seed is an intuitive accounting software that handles all aspects of billing and invoicing from customizable dashboards.
Highlights:
Dynamic financial dashboards
Manage product life cycles
Customizable PDF templates for purchasing processes
What Sets It Apart: Accounting Seed is able to integrate and collaborate with Salesforce native accounting.
Pricing: Available upon request.
14. FreshBooks
Freshbooks offers American businesses double-entry accounting solutions that help business owners stay more efficient with their budgeting and tax reporting.
Highlights:
Generate business health reports
Accountant-friendly chart of accounts features
Cash flow statements
What Sets It Apart: Some FreshBooks plans offer a dedicated account manager to train your team and migrate books from other platforms.
Pricing: Lite version begins at $6.
15. Patriot
Patriot accounting software streamlines administrative tasks and has expert, USA based support.
Highlights:
Compatible with mobile devices
Create and send estimates
Create and print 1099s and 1096s
What Sets It Apart: Patriot allows businesses to easily break down expenses and income by department.
Pricing: Basic plans begin at $15/month.
16. PBS
Passport Business Solutions (PBS) is accounting software for small and mid-sized companies that works with a wide range of industries and manages regulatory requirements.
Highlights:
Track insurance eligibility
Avoid costly reporting penalties
Business intelligence dashboard
What Sets It Apart: PBS is fully compliant with the Affordable Care Act (ACA).
Pricing: Available upon request.
17. ZarMoney
ZarMoney is an all-in-one cloud accounting solution that handles invoicing, inventory, and online payments.
Highlights:
Instantly populate invoice fields from customer database
1000+ customizable reports
Internal note taking system
What Sets It Apart: ZarMoney allows businesses to create customizable dashboards.
Pricing: Single user plans begin at $15/month.
18. Tally
Tally ERP is a software solution that focuses on generating efficiency through its accounting and inventory management solutions.
Highlights:
Customizable reports
Easy and efficient stock movement
Bespoke development
What Sets It Apart: Tally offers a free, lifetime customer service program for all users.
Pricing: Plans start at $81/three months.
19. UA Business Cloud Software
UA is an ERP solution for growing businesses that offers accounting, supply chain, human capital, and other services.
Highlights:
Accruals, reversing, and recurring journals
Pricing matrices and revaluations
Manage employee 401k, benefits, and other financial information
What Sets It Apart: UA Business Cloud includes a shared document repository to track observations and deficiencies within your business.
Pricing: Not available on site.
20. SBS
Software Business Systems (SBS) is a multi-entity accounting software solution that handles daily tasks and provides flexible workflows for businesses.
Highlights:
Data-visualization dashboards
Consolidation reports
Procurement lifecycle management
What Sets It Apart: SBS integrates HR processes and functionalities into its accounting system.
Pricing: Available upon request.
21. Fyle
Fyle is a real-time expense management software built to simplify expense tracking, credit card reconciliations, approvals, and reimbursements for businesses.
Highlights:
Direct integrations with Visa and Mastercard
Robust self-serve accounting integrations
Digital audit trails with real-time policy checks
What Sets It Apart: You can now get notified of business card spend seconds after your Visa or Mastercard credit card has been swiped. You longer need to depend on bank statements for card reconciliations.
Pricing: Standard plan starts at $6.99 per active user/month, paid annually.
Contact an Accounting ERP Expert
Finding the right accounting software can be a difficult process. With so many good options, the ideal solution will be one that is customizable, easy to use, and fits your budget. Our technology advisors are available to help you with your search process— reach out to us anytime.
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