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SoftLedger description
SoftLedger is a cloud-based accounting software designed for growing companies, especially those managing multiple entities, currencies, or digital assets. It offers core accounting functions like accounts payable/receivable, general ledger, and financial reporting in real-time. SoftLedger aims to be more powerful than basic bookkeeping software, but more user-friendly and affordable than traditional ERP systems. It also boasts a flexible API for integrating with other software, making it adaptable for various industries.
Who is SoftLedger best for
SoftLedger is a cloud-based accounting software ideal for growing businesses handling multiple entities, currencies, or digital assets. Users praise its intuitive interface and robust reporting, especially for multi-entity organizations. While some users mention occasional bugs and limited customization, many appreciate the strong customer support and effective handling of crypto transactions.
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Best fit for small to medium-sized businesses.
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Ideal for businesses managing multiple entities, currencies, or digital assets.
SoftLedger features
| Supported SoftLedger offers accounts payable features including managing and tracking bills and payments. |
| Supported SoftLedger offers general ledger functionality for recording and tracking financial transactions. |
| Supported SoftLedger allows generating and tracking invoices and payments. |
| Supported SoftLedger allows generating standard financial reports, including balance sheets, P&L, and cash flow statements. |
| Supported SoftLedger supports cryptocurrency expense tracking through its crypto accounting module. |
| Supported SoftLedger consolidates financial data from multiple entities into a single view. |
We evaluate the sentiment that users express about non-functional aspects of the software
Customer Service
Ease of Use
Reliability and Performance
SoftLedger reviews
We've summarised 32 SoftLedger reviews (SoftLedger G2 reviews) and summarised the main points below.
- Excellent and responsive customer support praised by almost every user.
- Easy to use, intuitive interface for most tasks.
- Strong reporting and consolidation capabilities, particularly for multi-entity organizations.
- Handles crypto transactions effectively, including cost basis calculations and journal entries.
- Cloud-based accessibility is valued for convenience and real-time updates.
- Some find the interface difficult to navigate, especially when dealing with large volumes of data.
- Limited customization options for Forex rates.
- Some features, such as multi-shareholder consolidations and automated forex rate retrieval, are missing.
- AP aging schedule is not linked to journal entries, requiring manual updates.
- Occasional system errors and bugs have been reported.
SoftLedger pricing
The commentary is based on 1 reviews from SoftLedger G2 reviews.
SoftLedger's pricing is considered cost-effective, especially for multi-entity businesses. Users appreciate consolidating accounting onto one platform, reducing software expenses and complexity associated with managing multiple accounts.
Users sentiment
See the SoftLedger pricing page.
Standard
For multi-entity businesses consolidating multiple operating and non-operating entities. This plan includes: 3 Users, Entity Management for up to 10 operating entities, 10,000 Journal Lines/Month.
Enterprise
For multi-entity and multi-currency enterprises, including those with crypto and other financial assets. Includes all Standard features and: Add Currency Management for unlimited currencies, 3 Users, Financial Consolidation for Unlimited Entities, API Credentials and Sandbox, Multi-currency Management, Digital Asset Management, Analytics, SSO and SCIM Provisioning.
SoftLedger alternatives
XeroBetter for small businesses and freelancers. More affordable, with tiered pricing plans. Easier to use, but with less robust reporting and no crypto support. Integrates with more third-party apps. Negative user sentiment around recent price increases and some feature changes.Read more
ZarMoneyBetter for companies seeking basic inventory management and online payment features. A good SoftLedger alternative for small to medium businesses, with a potentially more affordable pricing structure. SoftLedger is growing faster.Read more
QuickBooks Desktop EnterpriseBetter for established companies with complex accounting needs. Lacks specific crypto features. Desktop-based, although cloud access is offered. Users report data backup issues. Negative pricing sentiment.Read more
iplicitBetter for mid-sized businesses seeking advanced functionality and a smooth transition. It is growing faster and has positive ratings on Glassdoor. Offers budgeting and forecasting, multi-currency support, and robust reporting. A strong SoftLedger competitor and alternative.Read more
CoupaBetter for spend management and integrates with ERP systems. Caters to a wider range of industries and business sizes. Has more momentum based on employee growth and website traffic.Read more
Glean.aiBetter for AP automation and spend analysis. Focuses on US-based mid-sized companies. Stronger in customer support and ease of use.Read more
SoftLedger FAQ
What is SoftLedger and what does SoftLedger do?
SoftLedger is cloud-based accounting software for growing businesses managing multiple entities, currencies, or digital assets. It offers core accounting features, real-time reporting, and a flexible API. SoftLedger aims to be more powerful than basic bookkeeping software yet more user-friendly and affordable than traditional ERP systems.
How does SoftLedger integrate with other tools?
SoftLedger integrates with other tools through its flexible API. This API allows for seamless connections with various software, enhancing its adaptability and enabling efficient data exchange with other business applications.
What the main competitors of SoftLedger?
SoftLedger's competitors include Xero, ZarMoney, and iplicit, all offering cloud-based accounting solutions. Coupa focuses on spend management, while Kolleno specializes in accounts receivable automation. SAP Concur targets travel and expense management. Each alternative caters to slightly different needs and business sizes.
Is SoftLedger legit?
SoftLedger is a legitimate cloud-based accounting software. User reviews praise its ease of use and robust customer support. It effectively handles crypto transactions and multi-entity consolidations, making it a safe and suitable choice for businesses managing complex finances.
How much does SoftLedger cost?
SoftLedger pricing is custom for both Standard and Enterprise plans. It generally starts at $750 per month and varies based on the number of users, entities managed, and add-on features like digital asset management. Contact SoftLedger for a personalized quote.
Is SoftLedger customer service good?
SoftLedger's customer service receives overwhelmingly positive feedback. Users consistently praise the support team's responsiveness, helpfulness, and availability, even outside of normal business hours. They are lauded for their expertise and willingness to go the extra mile to resolve issues and ensure successful implementations.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.