# Best Bank Accounting Software - 2026 Reviews & Pricing

> Find the best Bank Accounting Software for your organization. Compare top Bank Accounting Software systems with customer reviews, pricing, and free demos.

Source: https://www.softwareadvice.com/accounting/banking-mortgage-software-comparison

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Bank Accounting Software

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# Best Bank Accounting Software of 2026

Updated June 19, 2026

On this page

1.  Popular Comparisons
2.  Buyers Guide

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84 results

### Compare Products

Showing 1 - 25 of 84 products

#### Company Size

-   Self-Employed
    
-   2-10
    
-   11-50
    
-   51-200
    
-   201-500
    
-   501-1000
    
-   1000+
    

#### Pricing Options

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-   $$$$$
    
-   $$$$$
    
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### Compare Products

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**Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals.  
  
**Reviews**: Sorts listings by the number of user reviews we have published, greatest to least.  
  
**Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest.  
  
**Alphabetically (A-Z)**: Sorts listings by product name from A to Z.

[Sage Intacct](https://www.softwareadvice.com/accounting/intacct-accounting-profile/)

4.28

[(693)](https://www.softwareadvice.com/accounting/intacct-accounting-profile/reviews/)

Best for:Mid-size businesses

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Intacct's web-based accounting system offers features for billing & invoicing, fixed asset accounting, purchasing, expense reporting and payroll management--and a spread of functionality ideal for the banking industry.... [Read more](https://www.softwareadvice.com/accounting/intacct-accounting-profile/)

### What users love

-   Intuitive and user-friendly interface
-   Robust accounting process automation
-   Flexible multi-dimensional reporting tools

### To take in mind

-   Complex and rigid report customization
-   Slow and unresponsive support experience
-   Expensive and escalating costs

### Best rated features:

Tax Calculation

5.0

Quotes/Estimates

5.0

Real-Time Reporting

5.0

Customer Statements

5.0

[See all features](https://www.softwareadvice.com/accounting/intacct-accounting-profile/#key-features)

[NetSuite](https://www.softwareadvice.com/accounting/netsuite-financials-accounting-software-profile/)

4.23

[(2045)](https://www.softwareadvice.com/accounting/netsuite-financials-accounting-software-profile/reviews/)

Best for:Enterprise businesses

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

NetSuite is an AI-powered cloud-based business management suite that incorporates ERP, financial management, CRM and eCommerce functionalities into a unified platform, helping organizations automate core processes and gain real-time visibility into operational and financial performance. It is designed to cater to multiple industries and business sizes, ranging from startups to large enterprises. NetSuite embeds AI capabilities across the suite with agents that assist and advise business leaders with new ways to simplify tasks, suggest actions and uncover business insights. NetSuite ERP encompasses various functions essential for business operations, including financial management, order management, inventory management, warehouse management, supply chain management and procurement. The financial management module includes accounts payable, accounts receivable, general ledger, fixed asset management, payment management and tax management. The CRM (customer relationship management) features in NetSuite cover customer service management, marketing automation and Salesforce automation. The CRM module also includes tools for configuring price quotes. Additionally, the platform offers functionalities for field service management for scheduling and dispatching, a mobile application and asset management. The platform provides professional services automation that helps in project accounting, project management, resource management, expense management and timesheet management. Additionally, these features enable businesses to manage their human resources and projects efficiently. NetSuite includes an analytics and reporting module, providing reporting dashboards and access to a data warehouse. NetSuite supports global business management through multi-currency, multi-language capabilities and global accounting consolidation. It facilitates tax management on a global scale. Additionally, the software features modules for eCommerce and omnichannel commerce, supporting B2C and B2B eCommerce, order management, point of sale and logistics. NetSuite’s platform allows for application distribution, customization, integration, internationalization, performance monitoring, process automation and platform development. These features ensure that businesses can tailor the software to their specific needs. Additionally, the platform prioritizes application and operational security and effective data management.... [Read more](https://www.softwareadvice.com/accounting/netsuite-financials-accounting-software-profile/)

### What users love

-   Flexible system tailoring options
-   Comprehensive and scalable functionality
-   Centralized financial process management

### To take in mind

-   Steep learning curve and complexity
-   Complex and rigid reporting tools
-   Slow and inconsistent support experience

### Best rated features:

Aging Tracking

5.0

Knowledge Base Management

5.0

"What If" Scenarios

5.0

Vendor Master Data Management

5.0

[See all features](https://www.softwareadvice.com/accounting/netsuite-financials-accounting-software-profile/#key-features)

[Striven](https://www.softwareadvice.com/project-management/striven-profile/)

4.82

[(130)](https://www.softwareadvice.com/project-management/striven-profile/reviews/)

Best for:Small businesses

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Striven is a cloud-based, all-in-one business management ERP platform built for small and midsize companies tired of duct-taping popular accounting tools, a CRM, a project tool, and spreadsheets into something resembling a workflow. It brings accounting, CRM, project management, inventory, HR, and reporting under one roof, so a closed deal in sales auto-generates the invoice, updates inventory, and kicks off the project. No re-keying, no version drift, no hunting for the source of truth. The real value is the real-time integration between every part of your system, which means full integration between every part of your business. When every module talks to the others in real time, leadership stops deciding on month-old data and teams stop arguing about which spreadsheet is current. Workflows, dashboards, and reports bend to how the business actually runs, and customer, vendor, and candidate portals extend the system to the people outside your walls. For service firms, contractors, and manufacturers graduating from disconnected tools, Striven is the consolidation play that pays back in time, accuracy, and clarity.... [Read more](https://www.softwareadvice.com/project-management/striven-profile/)

### Best rated features:

Routing

5.0

Document Storage

5.0

Segmentation

5.0

Performance Management

5.0

### Worst rated features:

API

1.0

[See all features](https://www.softwareadvice.com/project-management/striven-profile/#key-features)

### Standard

$35.00/month

The plan is based on the number of users.

### Enterprise

$70.00/month

The per-user price decreases as the number of users increases.

[See full pricing details](https://www.softwareadvice.com/project-management/striven-profile/#pricing-and-plans)

[Procurify](https://www.softwareadvice.com/accounting/procurify-profile/)

4.59

[(203)](https://www.softwareadvice.com/accounting/procurify-profile/reviews/)

Best for:Value for money

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Procurify is a procurement and spend management software designed to automate the intake-to-pay process for organizations. It combines procurement, accounts payable, expense management, and payment workflows into a single platform supported by artificial intelligence. Used by mid-market organizations across industries such as technology, healthcare, biotech, manufacturing, consumer packaged goods, education, charter schools, and nonprofit sectors. The platform includes features that automate purchasing workflows, from request intake to receiving, invoice processing, and payment. Key functions include purchase request management, approval routing, purchase order generation, three-way matching, and automated invoice capture. Additional tools include contract management, vendor management, budget controls, spending cards for expense tracking, and PunchOut capabilities for supplier connections. Procurify offers real-time spend visibility through analytics dashboards and a Spend Analyst tool that identifies spending patterns and potential cost-saving opportunities. The iOS and Android mobile app allows users to manage procurement workflows remotely and includes receipt capture for expense reporting. Organizations can configure approval workflows, and budget controls to support financial management across departments.... [Read more](https://www.softwareadvice.com/accounting/procurify-profile/)

### Best rated features:

Data Extraction

5.0

Requisition Management

5.0

Quotes/Estimates

5.0

Customizable Reports

5.0

[See all features](https://www.softwareadvice.com/accounting/procurify-profile/#key-features)

[Sage Accounting](https://www.softwareadvice.com/accounting/sage-business-cloud-accounting-profile/)

4.11

[(614)](https://www.softwareadvice.com/accounting/sage-business-cloud-accounting-profile/reviews/)

Best for:On the rise

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Sage Accounting is a cloud-based accounting and invoice management solution for small to midsize businesses. It offers accounting, project accounting, expense management and compliance management within a suite. Sage Accounting manages all the documentation and processes required for business payments such as price quotes, estimates, statements and invoices. The solution offers integration with banks across the US, allowing users to import all payment transactions automatically. All information is available on a single dashboard, which allows users to stay up to date on their cash flow and pending payments. Sage Accounting also features tax management, which calculates applicable taxes using transaction data. The product also offers cash flow forecasting, which allows users to estimate the cash requirements in the future based on historical transactions. The product also includes payment services, which allow users to make payments directly using Sage accounts. Users can also make payments using their PayPal accounts.... [Read more](https://www.softwareadvice.com/accounting/sage-business-cloud-accounting-profile/)

### What users love

-   Streamlined daily financial management
-   User-friendly and intuitive design
-   Tailored for small businesses

### To take in mind

-   Inconsistent and hard-to-reach support
-   Limited and inflexible invoicing tools
-   Reporting lacks customization options

### Best rated features:

For Accountants

5.0

Time Tracking

5.0

Data Security

5.0

Duplicate Payment Alert

5.0

[See all features](https://www.softwareadvice.com/accounting/sage-business-cloud-accounting-profile/#key-features)

### Accounting Start

$20.00/month

The Sage Accounting Start plan comes with an 30-day free trial and is ideal for micro-businesses.

### Accounting Standard

$40.00/month

### Accounting Plus

$50.00/month

[See full pricing details](https://www.softwareadvice.com/accounting/sage-business-cloud-accounting-profile/#pricing-and-plans)

[Sage X3](https://www.softwareadvice.com/manufacturing/sage-x3-profile/)

4.30

[(120)](https://www.softwareadvice.com/manufacturing/sage-x3-profile/reviews/)

Best for:Features

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Sage X3 is a powerful ERP software solution designed for midsized national and global manufacturers, distributors, and after-sales providers and can establish a foundation for your digital transformation. Sage X3 comes with industry-leading functionality for the chemical, distribution, equipment, food and beverage, and industrial manufacturing industries. Sage X3 uses the latest technologies to provide an exceptional user experience and powerful analytics in a multi-company, multi-country, and multi-site ERP solution platform. Over 7,000 enterprises around the world use Sage X3 to economically and efficiently connect their people, customer data, supplier data, business processes, and devices in ways specific to their roles and tasks. Sage X3 can help organizations quickly move into the digital age, respond faster to change, reduce excess inventory, and cut costs. Sage X3 is web-based, browser agnostic, and responsive on mobile devices. At the same time, it is also available to be deployed on-premises and as a service in the AWS cloud managed by Sage or a partner-provisioned cloud. Implementation accelerators also allow for a lower total cost of ownership and shorter time to value.... [Read more](https://www.softwareadvice.com/manufacturing/sage-x3-profile/)

### Best rated features:

Invoice Management

5.0

Revenue Recognition

5.0

Time & Expense Tracking

5.0

Cash Management

5.0

### Worst rated features:

Performance Metrics

1.0

Real-Time Reporting

1.0

Compliance Management

1.0

Data Visualization

1.0

[See all features](https://www.softwareadvice.com/manufacturing/sage-x3-profile/#key-features)

[SAP S/4HANA Cloud](https://www.softwareadvice.com/accounting/sap-s-4hana-cloud-profile/)

4.35

[(358)](https://www.softwareadvice.com/accounting/sap-s-4hana-cloud-profile/reviews/)

Best for:Enterprise businesses

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

SAP S/4HANA Cloud is a cloud-based and on-premise enterprise resource planning (ERP) solution. It is suitable for small, midsize and large businesses in industries such as automotive, engineering, construction, mining, research and development, retail, wholesale, public sector and utilities. Primary features include finance performance measurement, supply chain management, purchasing, contract management, lifecycle management, production cost management and accounting. Other features include audit trails, compliance reporting, billing, dispute management, production planning, materials requirements planning (MRP), maintenance management, quality management, product lifecycle management, research and development. It offers integration with SuccessFactors Employee Central, Ariba, SAP Financial Services, SAP Fieldglass and SAP Hybris Cloud for Customer. Support is offered via email and over a phone. Other help options include preferred care, support portal, self-help portal, guided resources, online chat and online case submission. Mobile applications are available for iOS, Android and Windows phones.... [Read more](https://www.softwareadvice.com/accounting/sap-s-4hana-cloud-profile/)

### What users love

-   Powerful real-time data handling
-   Comprehensive cross-system connectivity
-   Robust financial process automation

### To take in mind

-   Complex and unintuitive interface
-   Steep learning and training demands
-   Occasional lag and slowdowns

### Best rated features:

Dashboard

5.0

Enterprise Asset Management

5.0

Portfolio Management

5.0

Integrated Business Operations

5.0

### Worst rated features:

BOM Creation

2.3

Distribution Management

4.0

Cost Tracking

4.0

Collaboration Tools

4.0

[See all features](https://www.softwareadvice.com/accounting/sap-s-4hana-cloud-profile/#key-features)

### Plan

Custom

Pricing available upon request

Pricing not available

[See full pricing details](https://www.softwareadvice.com/accounting/sap-s-4hana-cloud-profile/#pricing-and-plans)

[SAP Business One](https://www.softwareadvice.com/accounting/sap-business-one-profile/)

4.27

[(344)](https://www.softwareadvice.com/accounting/sap-business-one-profile/reviews/)

Best for:Small businesses

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

SAP Business One's comprehensive financial reporting system provides your bank with the tools it needs to effectively manage all financial operations. Functions include accounting, controlling and reporting and analysis.... [Read more](https://www.softwareadvice.com/accounting/sap-business-one-profile/)

### What users love

-   Robust inventory control features
-   Tailored for growing businesses
-   Flexible integration capabilities

### To take in mind

-   Significant costs and licensing fees
-   Outdated and unintuitive interface
-   Occasional slowness and crashes

### Best rated features:

Quotes/Estimates

5.0

Activity Tracking

5.0

Production Management

5.0

Financial Analysis

5.0

[See all features](https://www.softwareadvice.com/accounting/sap-business-one-profile/#key-features)

[TimeSolv Legal Billing](https://www.softwareadvice.com/product/423485-TimeSolv-Legal-Billing/)

4.71

[(647)](https://www.softwareadvice.com/product/423485-TimeSolv-Legal-Billing/reviews/)

Best for:Value for money

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

TimeSolv is a cloud-based legal time tracking and billing solution that caters to law firms, accountants, consultants, architects, and freelancers, helping them manage daily business operations. TimeSolv integrates project management features such as time tracking and assigning tasks with billing functionality, allowing users to track billable hours and budget in real time. It also provides case management features and document management tools to help organize and store data. Users can utilize a document automation feature for auto-filling standard formatted documents. It offers a suite of billing functions, including invoicing, batch billing and integration with LawPay, allowing users to pay their bill online. Users can upload images of receipts to invoice files. TimeSolv also provides reports so law managers or practitioners can track their billable hours over weeks or months. TimeSolv offers two-way integration with QuickBooks, as well as integrations with Xero Accounting, Dropbox and NetDocuments. It offers Android and iOS apps for remote usage. Services are offered on a monthly subscription basis that includes support via phone and email.... [Read more](https://www.softwareadvice.com/product/423485-TimeSolv-Legal-Billing/)

### What users love

-   Intuitive and user-friendly interface
-   Responsive and hands-on support team
-   Flexible and efficient billing workflows

### To take in mind

-   Invoice customization and usability issues

### Best rated features:

Document Capture

5.0

Third-Party Integrations

5.0

Fee Calculation & Posting

5.0

Archiving & Retention

5.0

### Worst rated features:

Reporting/Analytics

3.0

Collaboration Tools

3.0

Activity Dashboard

3.3

[See all features](https://www.softwareadvice.com/product/423485-TimeSolv-Legal-Billing/#key-features)

### TimeSolv Legal (1-4 Users)

$47.50/month

The plan can be billed on a monthly or annual subscription. Volume discounts apply.

### TimeSolv Legal (5-14 Users)

$45.12/month

The plan is billed on a monthly subscription.

### TimeSolv Legal (15+ Users)

$42.74/month

The plan is billed on a monthly subscription.

[See full pricing details](https://www.softwareadvice.com/product/423485-TimeSolv-Legal-Billing/#pricing-and-plans)

[Elorus](https://www.softwareadvice.com/accounting/elorus-profile/)

4.91

[(324)](https://www.softwareadvice.com/accounting/elorus-profile/reviews/)

Best for:Ease of use

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Elorus is an online invoicing, time-tracking, billing and expense management platform. At heart, it is the ideal professional solution for every freelancer, small business and creative agency. Since 2014, Elorus has been working hard to be a trustworthy ally that successfully tends to every modern professional's business needs. With Elorus by your side, you are just a few steps away from creating and sending flawless professional estimates and invoices to your clientele. Users can have a close look at their team's projects, billable/non-billable hours and tasks. Elorus helps staff members be an expense expert and manage budgets like a pro. Teams can get paid online through trusted payment processors, use the dedicated portal to share progress with clients, make educated decisions based on detailed reports and feel safe that they will receive the optimum customer service. Get started with the product's free plan, monthly or yearly subscription and find out how Elorus can assist your business.... [Read more](https://www.softwareadvice.com/accounting/elorus-profile/)

### Best rated features:

Reimbursement Management

5.0

Accounts Payable

5.0

Electronic Payments

5.0

Document Storage

5.0

### Worst rated features:

Task Management

3.0

Reporting/Analytics

3.9

[See all features](https://www.softwareadvice.com/accounting/elorus-profile/#key-features)

### Free

$0.00

6$ per extra user

### Starter

$9.00/month

6$ per extra user

### Standard

$19.00/month

6$ per extra user

[See full pricing details](https://www.softwareadvice.com/accounting/elorus-profile/#pricing-and-plans)

[Zoho Invoice](https://www.softwareadvice.com/accounting/zoho-invoice-profile/)

4.73

[(823)](https://www.softwareadvice.com/accounting/zoho-invoice-profile/reviews/)

Best for:Billing & Invoicing

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Zoho Invoice is a 100% free cloud-based invoicing solution designed to help small businesses with invoicing, tracking expenses and accepting online payments.Key features include project billing, time tracking, reporting, customizable templates and, a client portaI. Teams using Zoho Invoice can track estimates, convert them to invoices, and send reminders to clients to complete their outstanding payments. Additionally, users can create tasks, collect advance payments for projects, and keep track of their invoice history. It is available in multiple languages including Arabic, Bahasa Indonesia, Bulgarian, Croatian, Dutch, English, French, German, Italian, Japanese, Korean, Chinese (Simplified), Portuguese, Spanish, Swedish, Thai, and Vietnamese. It allows integration with various third-party applications such as Slack, Office 365, Google Workspace, and more. Zoho Invoice caters to the needs of every size of business, especially small businesses. It provides an efficient invoicing solution for generating and sending professional invoices within a matter of minutes.... [Read more](https://www.softwareadvice.com/accounting/zoho-invoice-profile/)

### What users love

-   Flexible invoicing and customization options
-   User-friendly and intuitive interface
-   Free and affordable invoicing solution

### To take in mind

-   Complex navigation and configuration
-   Limited and outdated email features

### Best rated features:

Project Billing

5.0

Data Security

5.0

Customizable Branding

5.0

Reporting & Statistics

5.0

### Worst rated features:

Recurring Invoicing

4.0

Client Portal

4.0

Timesheet Management

4.0

[See all features](https://www.softwareadvice.com/accounting/zoho-invoice-profile/#key-features)

### Basic

$0.00

Up to 2 users

[See full pricing details](https://www.softwareadvice.com/accounting/zoho-invoice-profile/#pricing-and-plans)

[Agiled](https://www.softwareadvice.com/project-management/agiled-profile/)

4.73

[(350)](https://www.softwareadvice.com/project-management/agiled-profile/reviews/)

Best for:Invoice Creation

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Agiled is an all in one business management platform. It comes with built-in CRM, HRM, Financial Management, Project Management and Time Tracking. Users can manage all of their business in one place and provide a client portal access to their customers. Agiled can be customized according to the business needs. Users can manage projects and invite their team to update tasks and progress. Support is extended via live chat, email, documentation, FAQs and an inquiry form.... [Read more](https://www.softwareadvice.com/project-management/agiled-profile/)

### Best rated features:

Multiple Billing Rates

5.0

Issue Management

5.0

Completion Tracking

4.8

Employee Database

4.8

### Worst rated features:

Reminders

3.0

Customizable Templates

3.8

Team Collaboration

4.0

Automatic Time Capture

4.0

[See all features](https://www.softwareadvice.com/project-management/agiled-profile/#key-features)

### Basic

$0.00

### Pro

$30.00/month

$25/month when billed annually.

### Premium

$59.00/month

$49/month when billed annually.

[See full pricing details](https://www.softwareadvice.com/project-management/agiled-profile/#pricing-and-plans)

[QuickBooks Enterprise](https://www.softwareadvice.com/construction/qb-desktop-enterprise-profile/)

4.51

[(20653)](https://www.softwareadvice.com/construction/qb-desktop-enterprise-profile/reviews/)

Best for:Ease of use

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With QB Enterprise solution, any business owner can expand business operations using advanced inventory, reporting, and invoice tools, in addition to premium support from Enterprise's CS and Payroll teams. Quickbooks includes inventory management, inventory tracking, expense tracking, payroll management, invoicing, multi-user management, advanced reporting tools, and more. QuickBooks Enterprise offers customizable reporting tools that help users analyze data and make informed business decisions. With over 200+ auto-filled templates and 70 industry-specific reports, this Quickbooks accounting software helps businesses find the QuickBooks data to solve any business issue. Quickbooks advanced inventory tools allow businesses to gain visibility and control over the inventory management process with the ability to track inventory movement, automatically scan and update inventory items, manage any purchase order/sales order from one dashboard, and plenty more. QuickBooks Enterprise also allows businesses to control, customize, and automate financial transactions with job costing tools, batch invoicing, invoice tracking, cash flow management, fixed asset tracking, sales tracking, payment processing, and more. Businesses also have to ability to scan and attach multiple documents including receipts and quotes for multiple accounting tasks. The tool enables businesses to arrange documents into categories and keep track of important accounting files. This solution also maintains a change log to record changes within each document with the proper date and time stamp. QB also offers different QuickBooks software such as QuickBooks Premier and QuickBooks Pro that includes include different functionality and features.... [Read more](https://www.softwareadvice.com/construction/qb-desktop-enterprise-profile/)

### What users love

-   Flexible setup and onboarding support
-   Comprehensive accounting for businesses
-   Detailed and customizable reporting tools

### To take in mind

-   Inconsistent and slow customer service
-   Bank syncing and reconciliation issues
-   Expensive for smaller businesses

### Best rated features:

Due Date Tracking

5.0

For Schools

5.0

For Residential

5.0

Electronic Signature

5.0

### Worst rated features:

BIM Modeling

2.0

SKU/UPC Codes

3.3

[See all features](https://www.softwareadvice.com/construction/qb-desktop-enterprise-profile/#key-features)

### Gold

$2,210.00/year

Up to 30 users.

### Platinum

$2,717.00/year

Up to 30 users.

### Diamond

$5,264.00/year

Up to 40 users.

[See full pricing details](https://www.softwareadvice.com/construction/qb-desktop-enterprise-profile/#pricing-and-plans)

[FloQast](https://www.softwareadvice.com/accounting/floqast-profile/)

4.87

[(106)](https://www.softwareadvice.com/accounting/floqast-profile/reviews/)

Best for:Customer support

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

FloQast, an Accounting Automation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.... [Read more](https://www.softwareadvice.com/accounting/floqast-profile/)

### Best rated features:

Multi-Company

5.0

Audit Management

5.0

Financial Consolidation & Close Management

5.0

Due Date Tracking

5.0

### Worst rated features:

Project Management

4.0

[See all features](https://www.softwareadvice.com/accounting/floqast-profile/#key-features)

[Invoice Ninja](https://www.softwareadvice.com/accounting/invoice-ninja-profile/)

4.74

[(166)](https://www.softwareadvice.com/accounting/invoice-ninja-profile/reviews/)

Best for:Features

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Create. Send. Get Paid. Invoice Ninja is the leading small-business platform to invoice, accept payments, track expenses & time tasks. Designed for freelancers and small to medium size businesses, Invoice Ninja is a suite of apps to help you get paid. Incredibly easy to use Invoice Ninja was built to serve freelancers and business owners with a complete suite of invoicing & payment tools to advance your business. Invoicing & Payments Every feature is geared towards accurate and secure invoicing and getting you paid. Instead of using Word and Excel docs, nondescript PayPal forms or overpriced software, with Invoice Ninja you can send beautiful branded invoices with minimum of effort and maximum professionalism. Time Tracker & Projects The feel of desktop software but with the power of a web-based app. The time-tracker app can either launched from within your online Invoice Ninja account, or using a downloaded desktop icon. Just click, and begin! Create projects and individual tasks per project. When done, simply “Send task to invoice” and all details will be sent ready for your clients to pay! Track Vendors & Expenses With Invoice Ninja, all your earnings, expenses, clients and vendors are stored and managed in one system. Categorize your vendors & re-invoice expenses to clients, or simply run expense reports. All of these features combine to help you receive the money you deserve and reduce the amount of time you spend on repetitive invoicing tasks. Spend less time on paperwork and more time at your craft.... [Read more](https://www.softwareadvice.com/accounting/invoice-ninja-profile/)

### Best rated features:

Invoice Management

5.0

Multi-Currency

5.0

Mobile App

5.0

Partial Payments

5.0

### Worst rated features:

Credit Card Processing

3.0

[See all features](https://www.softwareadvice.com/accounting/invoice-ninja-profile/#key-features)

### Forever Free

$0.00

The plan is free forever.

### Ninja Pro

$10.00/month

The plan includes a 14-day free trial.

### Enterprise

$14.00/month

The plan includes a 30-day guarantee. The plan price depends upon the number of users: 1-2 users - $14/month 3-4 users - $26/month 6-10 users - $36/month 11-20 users - $44/month... [Read more](https://www.softwareadvice.com/accounting/invoice-ninja-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/accounting/invoice-ninja-profile/#pricing-and-plans)

[Float Cash Flow](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/)

4.76

[(67)](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Float is a cloud-based solution, which assists accountants and bookkeepers with cash flow forecasting and finance management. The platform comes with an activity dashboard, which enables administrators to create multiple budgets in different categories and track actuals against cash budgets across channels. Key features include budget management, data import, invoicing, billing, scenario planning and reporting. It allows managers to import invoices and bills and view outstanding balances. The scenario modeling tool helps team members plan different cash situations, optimizing decision-making for businesses. Additionally, accountants can generate reports in PDF or CSV formats on spending, future cash flows, scenario comparison and more. Float offers integration with various third-party accounting applications including Xero, QuickBooks Online and FreeAgent, helping users import accounts, invoices, transactions and more. The system is offered on monthly or annual subscriptions and support is provided via email, live chat and online help desk.... [Read more](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/)

### Best rated features:

"What If" Scenarios

1.0

[See all features](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/#key-features)

### Essential - For Businesses

$59.00/month

Essential for Businesses Plan is priced at $59/month, billed annually or $69/month billed monthly. Plan includes 3 users, 5 scenarios, 3 years of future forecasts, and additional bookkeeping features. Plans have no setup fees or contracts, and offer a 14 day free trial period.... [Read more](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/#pricing-and-plans)

### Premium - For Businesses

$99.00/month

Premium for Businesses Plan is priced at $99/month, billed annually or $119/month billed monthly. Plan includes 10 users, 10 scenarios, 3 years of future forecasts, all features offered in Essential plan, plus a quarterly forecast review with a Float expert. Plans have no setup fees or contracts, and offer a 14 day free trial period.... [Read more](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/#pricing-and-plans)

### Enterprise - For Businesses

$199.00/month

Enterprise for Businesses Plan is priced at $199/month, billed annually or $249/month billed monthly. Plan includes 100 users, 100 scenarios, 3 years of future forecasts, all features offered in the Premium plan, plus a dedicated account manager. Plans have no setup fees or contracts, and offer a 14 day free trial period.... [Read more](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/product/93313-Float-Cash-Flow/#pricing-and-plans)

[TopNotepad](https://www.softwareadvice.com/accounting/topnotepad-profile/)

4.63

[(106)](https://www.softwareadvice.com/accounting/topnotepad-profile/reviews/)

Best for:Customer support

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

TopNotepad is a cloud-based accounting management solution that offers invoicing, expense management, payment management and customer relationship management. Users can create invoices with built-in templates and log payments using client lists. Users can also log expenses using customized categories. The TopNotepad mobile app allows users to upload receipts for expense reports. TopNotepad features a cash book, which records business transactions on a day-to-day basis. The cash book is then used to create balance sheets and P&L reports. The software also features estimates and quotations, which enables users to create estimates and convert them into invoices. With the help of email functionality, users can email invoices directly to clients. Three different pricing options are available based on number of users and amount of data storage.... [Read more](https://www.softwareadvice.com/accounting/topnotepad-profile/)

### Best rated features:

For Small Businesses

5.0

Reminders

5.0

Purchasing & Receiving

5.0

Vendor Management

5.0

### Worst rated features:

Contact Database

4.0

Dunning Management

4.0

[See all features](https://www.softwareadvice.com/accounting/topnotepad-profile/#key-features)

### Basic

$12.50/month

[See full pricing details](https://www.softwareadvice.com/accounting/topnotepad-profile/#pricing-and-plans)

[Lendio](https://www.softwareadvice.com/accounting/lendio-profile/)

4.51

[(211)](https://www.softwareadvice.com/accounting/lendio-profile/reviews/)

Best for:Value for money

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Sunrise is a cloud-based accounting application for small businesses and freelancers in all industries. Primary features include billing, invoicing, quote management, contact management, accounting, expense management and financial reporting. Other features include estimate creation, discount and refund processing, bank reconciliation, bank statement import, tax management and multiple-currency support. The software enables users to create customized invoices, mail them to clients and receive online payments. Sunrise also has a recurring invoice feature that automatically sends invoices to clients and charges their credit card. The software can add discounts when applicable and processes refunds. The tax management module automatically adds taxes depending on the client’s location. The financial reporting module generates profit and loss reports, balance sheets, tax summaries, customer statements, accounts receivable and other reports. Pricing is per month, and mobile applications for Android and iOS devices are available. Support is offered via phone and email.... [Read more](https://www.softwareadvice.com/accounting/lendio-profile/)

### Best rated features:

General Ledger

1.0

Payment Processing

1.0

Invoice History

1.0

Customizable Invoices

1.0

### Worst rated features:

Tax Calculation

1.0

Online Invoicing

1.0

Invoice Creation

1.0

Mobile Payments

1.0

[See all features](https://www.softwareadvice.com/accounting/lendio-profile/#key-features)

### Free Self-Service

$0.00/month

The plan has a processinf fee of- 3.55% + $0.30 per CC transaction 1.5% + $0.30 per ACH transaction.

### Sunrise Plus

$19.99/month

The plan has a processinf fee of- 2.55% + $0.30 per CC transaction 0.5% + $0.30 per ACH transaction.

[See full pricing details](https://www.softwareadvice.com/accounting/lendio-profile/#pricing-and-plans)

[ZipBooks](https://www.softwareadvice.com/accounting/zipbooks-profile/)

4.53

[(114)](https://www.softwareadvice.com/accounting/zipbooks-profile/reviews/)

Best for:Value for money

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

ZipBooks is a cloud-based solution designed to streamline accounting, invoicing and financial management processes for small businesses. The platform offers a range of features tailored to streamline complex financial tasks and provide valuable insights to users. The accounting functionality of ZipBooks streamlines bookkeeping and reporting tasks with a user-friendly interface and intelligent automation features. Users can organize transactions, track expenses and reconcile accounts. The platform’s intuitive design and automation enable users to manage their finances without advanced accounting knowledge. Additionally, ZipBooks supports bank connections, allowing users to link their accounts for real-time transaction tracking and reconciliation. ZipBooks helps streamline the billing and invoicing process by allowing users to create both one-time and recurring invoices and accept payments via major credit cards or PayPal. Additionally, the platform offers automated payment reminders and integrates billing seamlessly into financial records, enabling faster and more efficient payment processing. The capabilities of ZipBooks leverage data analytics to provide users with valuable business insights and predictions. Through smart insights, reports and predictions, businesses can identify trends, track key performance metrics and make informed decisions. Additionally, the platform's intelligence goes beyond historical reports to automate, predict and advise, providing actionable insights based on several data points. ZipBooks offers smart and automated expense tracking, enabling users to categorize transactions, generate income statements and customize accounting reports based on specific tags. The platform provides team management functionalities, allowing for collaboration and delegation of tasks within the software. Additionally, users can manage team permissions on reports, invoicing, billing and time tracking for enhanced productivity. ZipBooks' mobile accounting feature enables users to manage their business on the go, with the ability to send invoices, mark payments, store receipts, and categorize expenses through a mobile web experience or native mobile application. Additionally, it helps optimize workflow and ensures users can stay on top of their financial management tasks even while not in the office. ZipBooks stands out for its user-friendly interface, which simplifies even the most complex financial tasks. The platform's automation features and real-time transaction tracking help users save time and reduce manual errors in accounting processes. With ZipBooks, businesses can streamline their invoicing, billing and expense tracking in a single, integrated solution. ZipBooks offers a mobile-friendly web experience and a native mobile application. This allows users to manage their business finances from anywhere, whether it's sending invoices, marking payments or categorizing expenses. Additionally, with its user-friendly interface and powerful features, ZipBooks is designed to streamline accounting and financial management for small businesses and freelancers.... [Read more](https://www.softwareadvice.com/accounting/zipbooks-profile/)

### Best rated features:

Accounts Payable

5.0

Accounts Receivable

5.0

Purchase Order Management

5.0

Inventory Management

5.0

### Worst rated features:

Reporting & Statistics

3.5

Financial Reporting

3.9

Reporting/Analytics

4.0

[See all features](https://www.softwareadvice.com/accounting/zipbooks-profile/#key-features)

### Starter

$0.00

### Smarter

$15.00/month

### Sophisticated

$35.00/month

[See full pricing details](https://www.softwareadvice.com/accounting/zipbooks-profile/#pricing-and-plans)

[QuickBooks Online Advanced](https://www.softwareadvice.com/product/49805-QuickBooks-Online/)

4.44

[(1044)](https://www.softwareadvice.com/product/49805-QuickBooks-Online/reviews/)

Best for:Popular

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

QuickBooks Online Advanced is a cloud-based accounting solution that helps small to large enterprises manage expenses, projects, invoices and more. It comes with a centralized dashboard, which enables users to gain insights into business trends and organizational performance using key performance indicators (KPIs). QuickBooks Online Advanced allows administrators to assign tasks to sales representatives, grant access to specific users and collaborate on projects with team members. Users can capture digital copies of receipts and automatically sort transactions based on tax categories, improving financial operations. Additionally, it lets managers create custom estimates, manage recurring payments and export generated reports in various formats. QuickBooks Online Advanced facilitates integration with various third-party applications such as RevenueBooks, Syft Analytics, Freedom Merchants and more. Pricing is available on monthly subscriptions and support is extended via phone, documentation and more.... [Read more](https://www.softwareadvice.com/product/49805-QuickBooks-Online/)

### What users love

-   Intuitive interface and easy onboarding
-   Customizable and detailed reporting
-   Automated and collaborative accounting

### To take in mind

-   Slow and inconsistent support experience
-   Steep learning curve for beginners
-   Unreliable bank connection issues

### Best rated features:

Customizable Dashboard

5.0

Job Management

5.0

Revenue Management

5.0

ACH Payment Processing

5.0

[See all features](https://www.softwareadvice.com/product/49805-QuickBooks-Online/#key-features)

### Advanced

$235.00/month

Up to 25 users.

[See full pricing details](https://www.softwareadvice.com/product/49805-QuickBooks-Online/#pricing-and-plans)

[Doxis AI.dp](https://www.softwareadvice.com/accounting/klippa-profile/)

4.77

[(31)](https://www.softwareadvice.com/accounting/klippa-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Doxis AI.dp is a cloud-based Intelligent Document Processing solution. This advanced technology uses Optical Character Recognition (OCR) to extract data, convert, classify, and verify documents to automate workflows, while also detecting fraud, masking data, and ensuring compliance with security standards. With Doxis AI.dp, you'll enjoy a wide range of benefits that will revolutionize your business operations. The software's fast and accurate text recognition and data extraction capabilities can handle a vast variety of document types, from invoices and receipts to various identity documents, such as passports and ID cards. The software's advanced fraud detection technology is designed to catch fraudulent documents, ensuring the security and integrity of your data. The API allows for automated parsing of documents for useful data, making it easy to extract the information you need. The OCR engine also automatically verifies the authenticity of documents, saving you time and preventing errors. Our powerful machine learning algorithms automatically classify, label, and sort documents, making it easy to find and organize your files. Doxis AI.dp eliminates tedious and repetitive administrative tasks, streamlining data entry processes and saving you valuable time which can be better spent on tasks that matter. Doxis AI.dp also offers advanced features that can transform your Know-Your-Customer (KYC) processes. The OCR technology allows for seamless client and customer onboarding, removing bottlenecks and improving the customer experience. Our software also offers fully automated data masking, anonymization, and redaction with artificial intelligence, ensuring that sensitive information is kept private and secure. The automated data discovery and inventory feature will save you time and money, by allowing you to quickly and easily find and organize your files. The document conversion capabilities allow you to convert documents to and from various formats, such as CSV, XLSX, XML, UBL, PDF, or JSON. Klippa DocHorizon is fully customizable to meet your specific needs, allowing you to tailor it to your unique business requirements. Doxis AI.dp's 3-step process is easy and efficient, allowing you to complete your document processing within seconds. Simply submit a picture or scanned document to the API by uploading it to the DocHorizon platform, the OCR engine converts the image to a TXT file and the parser converts the TXT file into structured data using machine learning techniques, then returns the preferred output format to a chosen location. Additional options are available for further processing, classification, and verification with third-party sources, and the output can be delivered in a format of your choice to your desired location (API, email, FTP, etc.). With Doxis AI.dp, you'll be able to focus on your core business and leave the tedious and repetitive tasks to the software.... [Read more](https://www.softwareadvice.com/accounting/klippa-profile/)

### Best rated features:

Auto Extraction

5.0

Document Conversion

5.0

Third-Party Integrations

5.0

Workflow Configuration

5.0

[See all features](https://www.softwareadvice.com/accounting/klippa-profile/#key-features)

### Custom

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/accounting/klippa-profile/#pricing-and-plans)

[Accounting Xpert Enterprise Edition](https://www.softwareadvice.com/accounting/xpert-profile/)

4.69

[(39)](https://www.softwareadvice.com/accounting/xpert-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Accounting Xpert is an on-premise accounting solution that serves businesses of all sizes. Primary features of the software include a general ledger, accounts receivables and payables, payroll, W2 and 1099 laser processing, bank reconciliation and inventory management. Other features of Accounting Xpert include purchase order management, sales order management, sales analysis, data import from QuickBooks and a check writing system. The software allows users to maintain and print their general ledger for historical dates, range of accounts and check number. The software offers other predefined financial reports formats, such as single or double underlining, titles, totals, non-print accounts, account description, heading, footnote and columns. It offers integration with Microsoft Word, Microsoft Excel, Quicken and QuickBooks. Accounting Xpert is available in an one-time payment option. Customer support is offered via email, phone and online FAQs.... [Read more](https://www.softwareadvice.com/accounting/xpert-profile/)

### Best rated features:

Expense Tracking

5.0

Bank Reconciliation

5.0

Check Printing

5.0

Accounts Payable

5.0

### Worst rated features:

Direct Deposit

4.0

Payroll Reporting

4.0

[See all features](https://www.softwareadvice.com/accounting/xpert-profile/#key-features)

### Basic

$1,595.00one time

[See full pricing details](https://www.softwareadvice.com/accounting/xpert-profile/#pricing-and-plans)

[RouteOne](https://www.softwareadvice.com/accounting/routeone-profile/)

4.83

[(23)](https://www.softwareadvice.com/accounting/routeone-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

RouteOne is an auto dealer accounting solution that helps automotive dealerships manage sales, financial channels, leads, campaigns and more via a unified platform. The integrated accounting system allows employees to handle online payments, balance sheets, cash flow statements, trial balances and general ledger. RouteOne enables organizations to capture and store information about customer contact details, financial transactions and vehicle information in a centralized repository. The application lets administrators maintain inventory records including repair history, vehicle model, color, stock date, location, retail price and more. Additionally, employees can utilize mobile applications to create and manage deals, view customers’ credit scores and generate quotes using Android and iOS devices. RouteOne facilitates integration with several third-party solutions, such as ABCoA, ADAM System, DealerTrack, Tekion and more. Pricing is available on request and support is extended via email, phone, documentation and other online measures.... [Read more](https://www.softwareadvice.com/accounting/routeone-profile/)

### Best rated features:

Website Integration

5.0

Inventory Management

5.0

New Car Dealer

5.0

Financing Management

4.7

[See all features](https://www.softwareadvice.com/accounting/routeone-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/accounting/routeone-profile/#pricing-and-plans)

[InvoiceBerry](https://www.softwareadvice.com/accounting/invoiceberry-profile/)

4.92

[(13)](https://www.softwareadvice.com/accounting/invoiceberry-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

InvoiceBerry is a cloud-based accounting solution designed for small businesses in a variety of industries. Key features include invoice creation, expense and payment tracking, client management and report creation. InvoiceBerry enables users to create, edit and send invoices, as well as schedule recurring invoices to be sent out automatically. Quotes and estimates can also be created and sent to clients and then converted into invoices. All invoices can be exported and stored as PDFs. Other features include the ability to track suppliers, client payments and company expenses. Users can run reports to show payments, expenses, tax summaries and business performance. InvoiceBerry can manage all client information including names, addresses, currencies, languages and contact information. InvoiceBerry is available for purchase on a monthly subscription and includes support for a variety of currencies and languages.... [Read more](https://www.softwareadvice.com/accounting/invoiceberry-profile/)

### Basic

$15.00/month

[See full pricing details](https://www.softwareadvice.com/accounting/invoiceberry-profile/#pricing-and-plans)

[Accelo](https://www.softwareadvice.com/marketing/accelo-profile/)

4.47

[(174)](https://www.softwareadvice.com/marketing/accelo-profile/reviews/)

Best for:Small businesses

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Accelo was built for professional services firms that need more than a record of what happened — they need to know what's coming. Most PSA tools tell you last month's utilization and last quarter's margins. Accelo surfaces risks in real time: projects heading over budget, resources about to be overloaded, retainers trending toward scope creep — before they cost you revenue. The platform connects the full client lifecycle in one place: CRM and quoting, project delivery, support ticketing, time and expense tracking, retainer management, and invoicing. AI is embedded throughout, not added as an afterthought. Accelo is best suited for firms managing a mix of project and retainer work, teams losing revenue to untracked time, and leadership making resourcing decisions on gut feel rather than data. Customers report 30–35% less time on admin, 3–7% revenue leakage recovered, and one client eliminated $156,000 in overhead in a single year.... [Read more](https://www.softwareadvice.com/marketing/accelo-profile/)

### Best rated features:

File Sharing

5.0

Cost-to-Completion Tracking

5.0

Budget Management

5.0

Gantt/Timeline View

5.0

### Worst rated features:

Document Storage

3.0

Project Planning

3.0

Support Ticket Management

3.0

Time Tracking

3.0

[See all features](https://www.softwareadvice.com/marketing/accelo-profile/#key-features)

1

[2](https://www.softwareadvice.com/accounting/banking-mortgage-software-comparison/?page=2)[3](https://www.softwareadvice.com/accounting/banking-mortgage-software-comparison/?page=3)[4](https://www.softwareadvice.com/accounting/banking-mortgage-software-comparison/?page=4)

## Popular Comparisons

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QuickBooks Online vs QuickBooks Enterprise

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NetSuite vs Dynamics 365

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Zoho Invoice vs Wave

](https://www.softwareadvice.com/compare/18767-Wave-Apps/vs/435103-zoho-invoice/)[

Sage Accounting vs Sage Intacct

](https://www.softwareadvice.com/accounting/intacct-accounting-profile/vs/sage-business-cloud-accounting/)[

SAP Business One vs SAP S/4HANA Cloud

](https://www.softwareadvice.com/accounting/sap-business-one-profile/vs/sap-s-4hana-cloud/)[

QuickBooks Online Advanced vs TallyPrime

](https://www.softwareadvice.com/compare/17376-tally/vs/49805-QuickBooks-Online/)

## Send me a copy of this list to my inbox

### Get a copy of this list with pricing info sent to your inbox so you can pick up where you left off when convenient to you.

For banks, lenders, credit unions and other organizations in the financial sector, accurate accounting is more than just a necessary evil to operate and remain in compliance. Instead, it’s a vital component to garnering consumer trust and growing the business. One calculation error caused Bank of America’s shares to fall [more than 6 percent](http://www.economist.com/blogs/schumpeter/2014/04/bank-americas-accounting-error) back in 2014. It’s not hard to imagine what a similar mistake might cost a much smaller financial institution.

Accuracy isn’t the only thing that’s important either. Banks need a secure accounting system that can not only act as a general ledger, but can also manage deposits and billing, generate a wide variety of standard and customized reports and manage customer relationships.

That’s why you should consider investing in bank accounting software―advanced accounting platforms designed with the specific needs of banks and other financial institutions in mind. These systems can provide greater transparency into numbers across your organization, while also providing the accuracy, security and ease-of-use that your workers and customers demand.

If you’re researching **bank accounting software** for the first time, or just want to be up-to-date on the latest trends, this Buyer’s Guide is here to detail everything you need to know before you make your purchase decision.

Here’s what we’ll cover:

[What is financial services industry accounting software?](#Whatisfinancialservicesindustryaccountingsoftware)

[Common features of financial services industry accounting software](#Commonfeaturesoffinancialservicesindustryaccountingsoftware)

[How much does bank accounting software cost?](#Howmuchdoesbankaccountingsoftwarecost)

[How to evaluate banking, mortgage and financial services accounting software?](#Howtoevaluatebankingmortgageandfinancialservicesaccountingsoftware)

## What is financial services industry accounting software?

Banking, mortgage and financial services industries handle large amounts of sensitive financial data for their customers every day. To help manage and make sense of these numbers, financial services industry accounting software provides additional security and levels of accuracy and reliability beyond what most accounting systems offer.

Besides standard accounts payable (AP) and accounts receivable (AR) functionality, financial industry accounting software delivers robust billing, deposit, and customer relationship management (CRM) capabilities. These systems can also integrate with banking and insurance systems, support collections for past due accounts and more.

_Screenshot of user dashboard in_ [Intacct](https://www.softwareadvice.com/accounting/intacct-accounting-profile/)

Bank accounting software can be bought as a standalone system (otherwise known as best-of-breed), or as a module within a larger, more comprehensive [enterprise resource planning (ERP) suite](https://www.softwareadvice.com/erp/).

## Common features of financial services industry accounting software

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

**Integration with banking & insurance systems**

The most advanced systems will incorporate the accounting with the banking features and functionality. Even dedicated accounting solutions, however, should integrate with your banking systems like Jack Henry or Metavante, as well as insurance solutions like Majesco and StoneRiver.

**Financial reports**

Financial services accounting software can print the wide variety of reports used within the financial sector. Examples include income statements, trial balances, balance sheets, fund positions, audit trails, account roll-ups and profitability.

**Commercial billing system**

Banks and other financial institutions are usually dealing with a large number of customers, each billed at different rates and often on an automated/recurring basis. Therefore, the billing function for a lending company needs to be highly accurate and highly repeatable, setting the user up for each stage of the lending process: targeting and prospecting; engineering the deal; daily operations (including billing, deposits, collections/recovery and interest rate adjustments) and refinancing.

**Customer relationship management**

Financial institutions’ accounting software should leverage customer relationships for cross-selling and improved customer support. Key [CRM](https://www.softwareadvice.com/crm/) features include complete customer profiles, relationships, mailing instructions, demographics, verification data, customer notes and more.

**Deposit management**

One of the banking industry’s biggest issues is how to balance flexibility and responsiveness against security and accountability. A deposit management system should operate smoothly while still maximizing customer choices and accounting for standard deposit processing, transfers, special accounts (i.e., HSAs and retirement plans), regulatory support and even automated NSF processing.

**Recovery**

To support cost recovery for past due accounts, banking and mortgage accounting software should have options like automated delinquency notices, reporting and letter generation. The more robust solutions automate these tasks even further, integrating with collections agencies and supporting cost control measures.

## How much does bank accounting software cost?

The answer to this question may be more complex than you think. As opposed to basic, out-of-the-box, accounting platforms that you pay for entirely upfront, many financial industry accounting systems charge a monthly or annual subscription fee to use their software. This is especially true for cloud-based systems, which are becoming increasingly popular.

Depending on which product you go with, and how much or how little functionality you choose to include in your purchase, that subscription fee can vary drastically. Some vendors charge a flat rate, while others change their rate from month-to-month or year-to-year based on how many users the system will have. If your system includes functionality for payroll, the vendor may base their rate on how many employees you have in your organization.

It’s also common for there to be one-time fees for things like implementation and setup, data migration and training. Whatever system you decide to go with, make sure to understand everything about the final price tag so you can budget accordingly.

## How to evaluate banking, mortgage and financial services accounting software?

Accounting software for the financial sector automates the most tedious and error-prone tasks, which in turn increases accuracy, efficiency and overall customer experience. As with any software purchase, you’ll want to evaluate what you currently own, and then consider your specific needs such as: billing, customer relationship management, number of users and specific features offered by the program.

When evaluating banking, mortgage or financial services accounting systems, buyers should also consider the following:

-   Do your customers need a Web portal for online banking?
    
-   Do you need to integrate with other banking and insurance systems?
    
-   How many customers do you have? How are you managing those relationships?
    
-   Do you need robust billing and/or deposit management capabilities?
    
-   Do you have a large number of delinquent accounts to send to collections?
    
-   Do you deal in multiple currencies or operate internationally?