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CPA Software


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NetSuite logo
 
In 2010, NetSuite was rated by the research firm Gartner as a top ten provider of financial management solutions. NetSuite offers an accountant program that allows CPAs to manage other NetSuite customers through the web.
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In 2010, NetSuite was rated by the research firm Gartner as a top ten provider of financial management solutions. NetSuite offers an accountant program that allows CPAs to manage other NetSuite customers through the web.
 
Cougar Mountain DENALI logo
 
DENALI is an integrated accounting system for growing small companies in multiple industries, such as retail, nonprofit and government. New features include file export and a financial dashboard, which are available as add-ons.
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DENALI is an integrated accounting system for growing small companies in multiple industries, such as retail, nonprofit and government. New features include file export and a financial dashboard, which are available as add-ons.
 
Sage Live logo
 
Sage Live is a web-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration,... Read More
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Sage Live is a web-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration,... Read More
 
Multiview logo
 
Beyond sophisticated financial capabilities, Multiview's comprehensive suite boasts a robust reporting & analytics environment giving users the ability to drill down to the underlying detail in every subsystem.
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Beyond sophisticated financial capabilities, Multiview's comprehensive suite boasts a robust reporting & analytics environment giving users the ability to drill down to the underlying detail in every subsystem.
 
Exact Macola logo
 
Exact Macola includes over 20 modules to assist with manufacturing, distribution and accounting, including PLM, AP/AR, MRP, MES and more. Additional EDI and e-commerce functionality is available from Exact.
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Exact Macola includes over 20 modules to assist with manufacturing, distribution and accounting, including PLM, AP/AR, MRP, MES and more. Additional EDI and e-commerce functionality is available from Exact.

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SAP Anywhere logo
 
SAP Anywhere integrates sales, marketing, e-commerce, and inventory activities into one complete front-office system. With SAP Anywhere users can manage and track inventory, manage orders, manage the procurement process, and more.... Read More
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SAP Anywhere integrates sales, marketing, e-commerce, and inventory activities into one complete front-office system. With SAP Anywhere users can manage and track inventory, manage orders, manage the procurement process, and more.... Read More
 
Sage Fixed Assets logo
 
Sage Fixed Assets on-premise software is a highly specialized accounting solution for CPAs. It provides fixed asset accounting, depreciation and reporting to help CPAs get their clients the maximum amount of tax savings.
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Sage Fixed Assets on-premise software is a highly specialized accounting solution for CPAs. It provides fixed asset accounting, depreciation and reporting to help CPAs get their clients the maximum amount of tax savings.
 
Deskera logo
 
Deskera is an enterprise resource planning software formulated to run manufacturing operations. The system is suitable for companies manufacturing for a variety of industries. Textiles, automotive, distribution, metal processing, pharmaceuticals,... Read More
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Deskera is an enterprise resource planning software formulated to run manufacturing operations. The system is suitable for companies manufacturing for a variety of industries. Textiles, automotive, distribution, metal processing, pharmaceuticals,... Read More
 
Microsoft Dynamics AX logo
 
Microsoft Dynamics AX 2012 is an ERP system suitable for midsize to large enterprises. The solution has particular strengths in manufacturing and distribution but is also capable of serving buyers across any industry vertical. The... Read More
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Microsoft Dynamics AX 2012 is an ERP system suitable for midsize to large enterprises. The solution has particular strengths in manufacturing and distribution but is also capable of serving buyers across any industry vertical. The... Read More
 
Xledger logo
 
Xledger is a cloud-based accounting software for CPAs looking to save time and reduce errors. Features include financial capabilities as well as analysis, reporting and dashboards that can be accessed at any time, from anywhere.
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Xledger is a cloud-based accounting software for CPAs looking to save time and reduce errors. Features include financial capabilities as well as analysis, reporting and dashboards that can be accessed at any time, from anywhere.

Call us for a free FastStart Consultation: +64 4 488 7035


 
Fusebill logo
 
Fusebill provides businesses with cloud-based financial and accounting processes, including core accounting, billing and invoicing, financial reporting and more. The system is suitable for small businesses, as well as midsize companies... Read More
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Fusebill provides businesses with cloud-based financial and accounting processes, including core accounting, billing and invoicing, financial reporting and more. The system is suitable for small businesses, as well as midsize companies... Read More
 
UNIT4 Financials logo
 
Unit4 Financials (formerly Coda Financials) is a suite of global accounting and broader financial management applications. These include general ledger, accounts payable and receivable, fixed assets, budgeting, project accounting and... Read More
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Unit4 Financials (formerly Coda Financials) is a suite of global accounting and broader financial management applications. These include general ledger, accounts payable and receivable, fixed assets, budgeting, project accounting and... Read More
 
SAP Business One logo
 
SAP Business One is a good option for accounting firms that need to organize their business while still keeping track of the diverse financial information of their clients.
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SAP Business One is a good option for accounting firms that need to organize their business while still keeping track of the diverse financial information of their clients.
 
BillQuick - Integrated Accounting and Project Management logo
 
BillQuick is a great solution for accountants and CPAs. It includes features that manages integration with accounting software, engagement phases, joint invoices, sub consultants, and fee schedules.
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BillQuick is a great solution for accountants and CPAs. It includes features that manages integration with accounting software, engagement phases, joint invoices, sub consultants, and fee schedules.
 
Microsoft Dynamics GP logo
 
Microsoft Dynamics GP is a top choice for accountants because of its solid reporting and process automation features that help ensure tax code compliance. It also offers business intelligence and analytics functions.
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Microsoft Dynamics GP is a top choice for accountants because of its solid reporting and process automation features that help ensure tax code compliance. It also offers business intelligence and analytics functions.

Call us for a free FastStart Consultation: +64 4 488 7035


 
Unit4 Business World logo
 
Unit4 Business World is a scalable ERP solution designed to address the unique demands service organizations face. It offers multi-lingual and multi-currency capabilities, and is a fit for higher education, nonprofits and NGOs, professional... Read More
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Unit4 Business World is a scalable ERP solution designed to address the unique demands service organizations face. It offers multi-lingual and multi-currency capabilities, and is a fit for higher education, nonprofits and NGOs, professional... Read More
 
Microsoft Dynamics SL logo
 
An ERP solution Microsoft Dynamics SL goes beyond basic accounting software and offers applications for financial management, business intelligence, collaboration, and project management.
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An ERP solution Microsoft Dynamics SL goes beyond basic accounting software and offers applications for financial management, business intelligence, collaboration, and project management.
 
Unanet Project Portfolio Financials logo
 
Unanet Project Portfolio Financials consists of one software application with integrated capabilities to manage, plan and track projects, people and financials in real time. Available as a Software-as-a-Service (SaaS) offering or an... Read More
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Unanet Project Portfolio Financials consists of one software application with integrated capabilities to manage, plan and track projects, people and financials in real time. Available as a Software-as-a-Service (SaaS) offering or an... Read More
 
Infor CloudSuite™ Financials & Supply Management logo
 
A complete financial system ideal for mid-size to large businesses, Infor Financials & Supply Management is a customizable system that helps companies streamline and track large amounts of financial data.
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A complete financial system ideal for mid-size to large businesses, Infor Financials & Supply Management is a customizable system that helps companies streamline and track large amounts of financial data.
 
Exact Globe Next logo
 
Exact Globe Next is an end-to-end business management solution. It offers accounting, inventory management, billing and invoicing, financial reporting, and more. This ERP system can be deployed either on-premise on a local server,... Read More
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Exact Globe Next is an end-to-end business management solution. It offers accounting, inventory management, billing and invoicing, financial reporting, and more. This ERP system can be deployed either on-premise on a local server,... Read More
 

Buyer's Guide

by Eileen O'Loughlin,
Market Research Associate
Last Updated: May 20, 2017


Here’s what we’ll cover:

What Is CPA Accounting Software?
Common Features of CPA Accounting Software
CPA Accounting Software Pricing
CPA Accounting Software Deployment
Other Considerations When Selecting a Platform
Evaluating Accounting Software for Certified Public Accountants

What Is CPA Accounting Software?

Since Certified Public Accountants (CPAs) manage the finances for dozens, or even hundreds of corporations and individuals, they need software that can keep up. CPA-specific accounting programs will be designed for payroll, expense and reporting for multiple companies, and will also include useful tools like auditing, tax preparation and time-based billing.

Screenshot of BillQuick user dashboard

Screenshot of BillQuick user dashboard

Accounting software for CPAs isn’t just regular accounting software. CPAs typically need greater functionality and more features in order to handle multiple clients or otherwise ensure regulatory compliance.

In this guide, we'll cover:

  • The functionality CPAs should be looking for when considering software solutions; and
  • Best practices for evaluating CPA-specific systems.

Common Features of CPA Accounting Software

Accounting software for banks, mortgage companies and financial services institutions will include the following industry-specific features:

Multi-company accounting Unlike other industries, professional accountants need to manage the accounting for multiple companies, so the software should allow you to categorize access all their data to keep it separated but easy to recall. Non-accountant-specific programs can sometimes become overloaded by all the records, so it’s critical that your software can handle large volumes of data.
Tax preparation The U.S. tax code is thousands of pages long, and it changes every year. Tax preparation is a major part of a CPA’s job, and CPA-specific systems will contain specialized data to support preparation for all your clients. These will include updated tax tables, automated calculations and electronic filing for individuals and corporations on a state, local and federal level.
Time & billing Time and billing refers to the ability to track the time spent on certain projects and then bill clients based on the number of hours spent. Accounting software for any service provider should include time and billing capabilities.
Regulations compliance The system needs to comply with federal, state and local regulations and statutes like FASB, GASB 34, IFRS and DCAA. Ensure the software you select complies with these regulations and updates it for any changes.
Financial reports Reporting is a critical component for freelance accountants. In addition to standard executive reports, charts and summary statements, the software should be able to build customized reports using an intuitive interface.

CPA Accounting Software Pricing

Accounting software used by CPAs is generally priced one of two ways: subscription and perpetual licensing.

Subscription. The software is priced as a monthly fee, typically based on the number of users. While no upfront fee is paid, an organization might have to pay annual fees for support and maintenance.

Perpetual license. With a perpetual license, an organization pays an upfront fee and then in turn owns the software in perpetuity. The upfront fee is also typically based on the number of users or the relative size of the organization based on its annual revenue. However, organizations will still generally have to pay annual fees for support, maintenance and updates. A general rule of thumb is that an organization can expect to pay 20 percent of the perpetual license fee annually on those other associated fees.

CPA Accounting Software Deployment

CPA Accounting software can be deployed one of several ways: cloud-based, on-premise and hybrid.

Cloud-based. Cloud-based software is hosted on the vendor’s servers and is accessed through a web browser. Cloud-based deployment has become increasingly popular in recent years. Typically, cloud-based software is most associated with subscription pricing.

On-premise. The organization installs and hosts the software on their own computers and servers. Typically, on-premise software is most associated with perpetual licensing.

Hybrid. There are several hybrid approaches out there, but the most common is when an organization licenses a cloud-based platform to have it run on the organization’s own internal servers. This is done so the organization can have the flexibility of using cloud-based software while also having more control over how its data is stored.

One consideration to keep in mind is indeed data security. While cloud-based platforms can be just as secure as on-premise platforms, some organizations will nevertheless prefer to store their own data internally. CPAs might have certain clients who would prefer that their data never leave the CPA’s office, so at any rate it is critical for CPAs to understand where their clients’ data is being stored and how secure it is.

Other Considerations When Selecting a Platform

The strength of vendors offering CPA accounting software can often be determined by how agile they are when it comes to ensuring that their platform is continuously updated to reflect new regulations and laws pertaining to tax compliance. When selecting a platform, be sure to vet vendors’ commitment to updating their platform.

Also consider a vendor’s long term viability. The major players in this space can generally be seen as safe bets, while there can be less certainty smaller vendors. Smaller vendors may more adequately serve a particular niche, and may have more competitive pricing, but there is less of a guarantee as to how long that vendor will be around. As such, it’s important to note that every vendor has its own unique advantages and disadvantages in this regard.

Evaluating Accounting Software for Certified Public Accountants

When evaluating CPA-specific systems, the most important criteria to consider are the nature of your business and the number of clients. Do you primarily deal with tax preparation for individuals, or general ledger and payroll for corporations? Do you have two or three clients or 100?

In particular, CPAs seeking software should ask the following questions:

  • How many individual records will you need access to at a given time? Is the software designed for that level of usage?
  • Do you primarily serve individuals or corporations?
  • Will you need support on regulatory compliance?
  • Do you need to keep track of billable hours?

Free Download:
Accounting Software Pricing Guide

Free Download:
Guide to Evaluating Accounting Software Demonstrations

 

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