253,566 companies have chosen the right software using our
extensive research on over 1,448 systems. How does it work?

Compare Retail Accounting Software

This page is managed by
Justin Guinn, Market Research Associate
Last updated: December 20, 2014

Top 10 Most Recommended Retail Accounting Software Systems

 
AmberPOS AmberPOS from Pacific Amber Technologies is a fully-featured point of sale system with inventory management and retail accounting. Includes customizable taxation choices including US state taxes, HST, GST, and PST.
        20 Reviews
 Price
 Demo

160

Recommendations
in the last 30 days
Revel Systems Revel Systems, developed for iPads, is a comprehensive Point of Sale system for businesses of all size in an expansive array of industries. Features include Inventory Management, Retail Accounting and Customer Management.
        1 Review
 Price
 Demo

148

Recommendations
in the last 30 days
Vend POS The Vend POS retail application offers real-time sales reports, outstanding purchase management and linkage between your brick-and-mortar store and an online storefront. Compatible with other solutions such as Shopify and XERO.
         5 Reviews
 Price
 Demo

140

Recommendations
in the last 30 days
NCR Counterpoint POS and Retail Management Within the CounterPoint retail suite, Radiant Systems offers retail accounting software to process revenue and inventory. Can integrate with QuickBooks for retailers that already use Intuit's software for accounting management.
         22 Reviews
 Price
 Demo

77

Recommendations
in the last 30 days
iVend Retail CitiXsys’s iVend retail solution offers advanced accounting features such as AR/AP reporting, bank reconciliation and inventory management. This system suits retailers of all sizes, from single-store owners to large chains.
       2 Reviews
 Price
 Demo

73

Recommendations
in the last 30 days
 

Need help narrowing the options?

Save time & costly mistakes. Our experts will recommend the best software for your needs. Call for a free consultation: (888) 918-2746

cloudseeder POS cloudseeder POS is a robust, standalone point of sale solution that caters to the consignment and resale industry. It is web-based, and also offers integrated inventory management, customer management, and e-commerce.
       0 Reviews
 Price
 Demo

32

Recommendations
in the last 30 days
AIMsi AIMsi’s retail business management solution offers inventory control, point of sale and accounting functionality for small to large retailers. AP/AR, General Ledger are also included with this system.
        80 Reviews
 Price
 Demo

27

Recommendations
in the last 30 days
Acme Point of Sale Total BusinessWare's AcmePOS is a robust solution that includes Point of Sale capabilities along with accounting, inventory management, and Customer Relationship Management. It can be installed on-premise or taken "on the road".
       2 Reviews
 Price
 Demo

26

Recommendations
in the last 30 days
ConsignPro ConsignPro streamlines transactions at point of sale with comprehensive inventory management, retail accounting and e-commerce functionality. Seamlessly integrates with Quicken and QuickBooks and includes 25 customizable reports.
        46 Reviews
 Price
 Demo

21

Recommendations
in the last 30 days
pcAmerica pcAmerica by Xtreme POS is a point-of-sale system for any size business. Users pay a one-time license fee to enjoy its numerous customizable applications, like retail accounting reports and inventory management.
       0 Reviews
 Price
 Demo

21

Recommendations
in the last 30 days
 
 


Find the right software systems based on your needs in 3 easy steps:

We need a few details about your organization to start narrowing down the list:

Filter Results Continue

1  2  3
Call us for a free FastStart Consultation

(888) 918-2746

Save weeks of up-front research and avoid costly mistakes with our free FastStart Consultation.

 
Free Download:
Ten Steps Guide to Selecting Retail Software
Download Now
Free Download:
Retail Software Feature Checklist
Download Now

Feedback from buyers we've advised
 
"Software Advice is a great place to start looking for new software. They will ask a few questions and point you in the direction of five or so strong candidates to meet your needs." Joel Gibbons
National FFA Organization
"There are over 100 POS systems and during my research I found Software Advice and thought that I would give them a call. They were very helpful and seemed very organized so I have used them twice with great success. If you need to sort out software options, call these guys." Bob Barnett
Vulcan Inc.
"Easy to use. Friendly, knowledgeable and makes decision making easier." Kealohi Kenui
Blue Hawaiian Helicopters

Buyer's Guide

The accounting market for retail is surprisingly complex for such a straightforward application. The primary reason for the complexity is due to vendor saturation among both vertically oriented software vendors and horizontally oriented accounting vendors. Companies approaching the market from both angles have developed a large number of accounting programs for every type and size of business, creating a complex and confusing market for buyers. This guide should help buyers understand how best to approach the retail accounting market and identify the right vendors for their needs.  

Here’s what we’ll cover:

What Is Retail Accounting Software?
Deployment Strategies
What Type of Buyer Are You?
Benefits, Potential Issues and Costs
Market Trends to Understand
The Vendor Landscape

What Is Retail Accounting Software?

“How much money is this business making?” is a difficult question to answer for a surprising number of retailers. If you have trouble answering this question, you may be in need of an accounting system. On the most basic level, a formal accounting program will track payables, receivables, the current value of inventory on hand, and depreciation of assets. The primary goal of accounting applications is to centralize all accounting-related data in one system and provide owners with accurate figures. By truly knowing their key metrics, owners can make data-driven decisions to improve the business. 

Deployment Strategies

Retailers will have two choices when implementing an accounting program: implementing a standalone accounting program like QuickBooks, or implementing a suite of applications that include modules for accounting, point of sale (POS), inventory control and more. The decision will be based primarily on the size of the business and the extensiveness of the company’s needs. 

What Type of Buyer Are You?

You will want to focus on accounting programs that are designed for the buyer category you fall into. We have found that almost all businesses belong in one of the following three categories:

Small buyers. Most retailers with fewer than five locations will fall into this category. However, if a retailer operates one or a handful of large stores, they may be in one of the other two categories. These small buyers have straightforward accounting needs. They typically require an affordable option that can integrate with their POS system.

Enterprise best-of-breed buyers. These larger retailers have already made substantial investments in point of sale and inventory control systems. They typically do not want to replace these existing systems and are looking for a standalone accounting program. Integration, flexibility and scalability are usually key requirements. These buyers typically have more than five locations or a smaller number of large stores. 

Enterprise integrated suite buyers. Contrary to the best-of-breed buyers, these buyers are looking for one system that offers fully integrated applications for point of sale, inventory control and accounting. They may also opt for modules for warehouse management, merchandise planning or multi-channel management. Many of these buying decisions will be dictated by POS and inventory control needs since accounting functionality typically does not vary much from system to system. 

Benefits, Potential Issues and Costs

The benefits of implementing a formal accounting system are fairly straightforward but surprisingly difficult to attain without a proper system. Most adopters should expect the following benefits: 

Organization and efficiency. If you have ever tried to prepare a tax return without a formal accounting system or process in place, you know how much more organized a program will make your business. Having all of your data managed in one place saves a surprising amount of time when trying to determine performance of the business.  

Automated reporting. Most accounting programs come with a number of standard reports, as well as the ability to build custom reports if necessary. Buyers should find it very beneficial to make key decisions quickly without having to spend a lot of time manually pulling together information. 

When selecting an accounting system, buyers should ensure that the system will integrate with their existing POS or inventory control software. Many buyers will find that simply exporting sales data into a .CSV file and then uploading it to the accounting package is sufficient. Bigger buyers with more data will likely require true integration though. 

Buyers should note that there is a large price difference between smaller packages such as QuickBooks or Peachtree and larger tools like Microsoft Dynamics GP. As a result, most buyers will stick with a small program until the business has grown large or complex enough to justify the investment.

Market Trends to Understand

Various software trends are impacting the retail accounting software market. The primary trends include the following:

ERP vendors as retail vendors. Software companies such as SAP, Microsoft Dynamics and Epicor have traditionally offered horizontal accounting or enterprise resource planning (ERP) programs. Users of these packages for accounting would use a separate system for operations. Over time, these providers have developed extensive functionality to enable retailers to use them for point of sale, inventory control, warehouse management and accounting.  

Software as a Service (SaaS). Many accounting programs have transitioned to SaaS. We typically encourage buyers to consider this model with an open mind as SaaS accounting solutions can ease the IT burden and help them avoid large upfront costs.  

The Vendor Landscape

Buyers should find the retail accounting software market much more navigable when approaching it with their buyer category in mind.

This type of buyer... Should evaluate these systems
Small buyers Peachtree, QuickBooks
Enterprise best-of-breed buyers Microsoft Dynamics, SAP, NetSuite, Sage MAS 90/200/500
Enterprise integrated suite buyers Epicor, Cybex, Jesta Vision


How it Works

Software Advice Advisors

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors: (888) 918-2746
×