Searching for the best general ledger software for your business?

Save yourself time and stress. We’re here to help you find the right general ledger software solution for your work.

What is general ledger software?

A general ledger is a core feature of most accounting software, and serves as a repository for all financial data from other subledgers and modules. Organizations, such as law firms or nonprofits, must keep separate ledgers for each client or account to comply with regulations. These will have to be reconciled monthly to ensure accounts match between the bank and the organization.

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What 5 key General Ledger Software features should I look for?

Bank reconciliation

Allows companies to match the balances of records in the general ledger to bank accounts to identify any discrepancies. Some accounting systems can automatically import and export changes to the numbers, such as credit card transactions, to save time.

Tax preparation

Depending on the state and federal regulations you are subject to, accounting software vendors stay up-to-date and ensure compliance by updating tax law details in the system.

Customizations

Accounting software vendors serve a wide range of industries, so most offer highly customizable systems to ensure each client has the functionality they need. In addition, most systems can integrate with other software, so all your company’s financial data can flow seamlessly from module to module.

Reporting and dashboards

Any data used to generate reports or populate KPI dashboards will pull from the general ledger. It’s important to keep the ledger accurate and up to date so that the information you use in reports and dashboards reflect the true financial standing.

Mobile applications

When emergency situations occur, mobile apps give users the ability to perform most tasks with a smartphone or tablet anywhere. Mobile users can send invoices, reconcile accounts, log expenses and more. Many apps also take advantage of native mobile device hardware, such as a camera, to capture paper receipts, for example.

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Showing 1 - 20 of 232 products
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Showing 1 - 20 of 232 products

NetSuite

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by a...Read more

4.10 (817 reviews)

39 recommendations

Sage Intacct

Sage Intacct is a provider of cloud-based financial management and accounting software. Sage Intacct's software solution is suitable for small to midsize accounting firms and can provide financial reporting and operational insight...Read more

4.18 (320 reviews)

34 recommendations

PriceDemo

Striven

Striven is a cloud-based enterprise resource planning (ERP) solution suitable for many industries and organizations of all sizes. It offers features for accounting, inventory management, human resources, customer relationship mana...Read more

4.80 (49 reviews)

33 recommendations

PriceDemo

Aplos

On Sale Now! Get 50% Off 6 Months. Limited-time Offer. Start your free 15-day trial today! No credit card required. Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations. The Ap...Read more

4.49 (159 reviews)

25 recommendations

BQE CORE Suite

BQE Core makes it easier and more profitable to run your business. It organizes information, automates repetitive tasks and allows your firm to spend more time providing service to your clients instead of managing internal process...Read more

4.42 (543 reviews)

18 recommendations

Multiview ERP

Multiview Financials is the flagship ERP system developed, sold, implemented, and supported by Multiview Financial Software. Multiview is designed for organizations ranging in size from rapidly growing small businesses to large en...Read more

4.40 (10 reviews)

18 recommendations

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Blackbaud Financial Edge NXT

Blackbaud’s cloud fund accounting software Blackbaud Financial Edge NXT®️ provides transparency across teams, security, and compliance, and reduces the need for manual processes. The fund accounting software provides a general led...Read more

4.25 (157 reviews)

15 recommendations

AccuFund Accounting Suite

AccuFund is 100% focused on serving nonprofits and government entities. The complete fund accounting financial management solution, available online or onsite, consists of a strong core system and modules that allow you to expand ...Read more

4.32 (44 reviews)

11 recommendations

Adaptive Planning

Workday Adaptive Planning, founded in 2003, provides a web-based system for budgeting, forecasting and reporting. The solution is suitable for a wide variety of company sizes. Delivered over the Web in a software-as-a-service (Saa...Read more

4.48 (174 reviews)

10 recommendations

Sage Fixed Assets

Sage Fixed Assets delivers the most comprehensive fixed asset management solution offering 4 modules to allow businesses total control of their assets. From before they become fixed assets through the depreciation cycle and disp...Read more

4.04 (40 reviews)

8 recommendations

PriceDemo

Software pricing tips

Read our General Ledger Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Pilot

Pilot is a cloud-based accounting solution that assists small to medium-sized businesses with financial reporting and cash flow analysis. Its key features include accounts payable/receivable, bookkeeping, data export, expense calc...Read more

4.85 (20 reviews)

8 recommendations

PriceDemo

SAP Business ByDesign

With strong proficiencies in project management, accounting, and customer relationship management, SAP Business ByDesign is a software-as-a-service solution for professional services with 25 or more employees. ...Read more

4.21 (29 reviews)

6 recommendations

Canopy

Canopy is a cloud-based practice management and tax resolution platform for accounting firms, tax professionals, tax attorneys, and enrolled agents. It provides an integrated suite with various tools to help enhance efficiency whi...Read more

4.52 (151 reviews)

5 recommendations

PriceDemo

Flexi Software

Flexi is an on-premise as well as a cloud-based accounting solution for the banking, insurance, healthcare and service industries. The Flexi accounting solution features automation of accounting process and completion of audit tra...Read more

4.40 (5 reviews)

5 recommendations

PriceDemo

Denali Business

Cougar Mountain Software’s Denali Business is an accounting solution with the ability to customize 10 integrated modules. It is for small to midsize businesses and can be deployed on premises or in the cloud. Key features include ...Read more

3.89 (60 reviews)

4 recommendations

Connected

Connected is a hybrid integrated accounting and enterprise resource planning (ERP) that caters to small and midsize businesses across various industry verticals and helps them to integrate their data and processes across departmen...Read more

5.00 (3 reviews)

4 recommendations

Petrofly

Petrofly is a modern, flexible, and advanced software company that primarily focuses on the Oil and Gas industry. Petrofly offers, but is not limited to, production management, accounting, interest partner management, analytics, o...Read more

5.00 (2 reviews)

4 recommendations

PriceDemo

MineralTree Invoice-to-Pay

MineralTree’s TotalAP accounts payable automation solution digitizes and automates the entire invoice-to-pay process to make paying your suppliers easy, impactful, and profitable. Our cloud-based accounts payable solution can scal...Read more

4.37 (78 reviews)

3 recommendations

PriceDemo

JD Edwards EnterpriseOne

Oracle JD Edwards EnterpriseOne is an enterprise resource planning software with primary features such as real estate management, human capital management, environmental health and safety and commodity trading. What is JD...Read more

4.14 (138 reviews)

2 recommendations

PriceDemo

Activity HD

ActivityHD, developed by AccountingWare, is a fully integrated accounting system designed to provide flexibility and improve decision-making. Businesses can use ActivityHD to efficiently manage complex systems within a centralized...Read more

4.73 (45 reviews)

2 recommendations

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Popular General Ledger Software Comparisons

Buyers Guide

Last Updated: May 18, 2022

The general ledger is a core financial tool for any business, as it contains all accounts for a company’s assets, revenue, equity and expenses. The importance of a well-kept general ledger cannot be overstated.

Because of this, a general ledger is a key feature of any accounting software solution. However, due to regulations and standards placed on company’s financial practices and the large and ever-evolving landscape of software, it can be challenging to find the accounting suite that delivers the results you need.

This buyer’s guide is designed to help alleviate any potential frustration and aid you in your search for a system that will help keep your general ledger balanced and organized.

We’ll cover the following topics:

What Is General Ledger Software?
Features of General Ledger Solutions
Trends of Small Business Accounting Software Buyers
General Ledger Systems Pricing and Deployment

What Is General Ledger Software?

A general ledger is a core feature of most accounting software, and serves as a repository for all financial data from other subledgers and modules, such as:

  • Accounts receivable
  • Accounts payable
  • Project accounting
  • Cash management
  • Purchasing
  • Fixed assets

Organizations, such as law firms or nonprofits, must keep separate ledgers for each client or account to comply with regulations. These will have to be reconciled monthly to ensure accounts match between the bank and the organization.

The general ledger is also the place where users can derive important reports, such as income statements and reports on overall financial health.

In many modern accounting systems, the general ledger contains the data that fuels a graphical dashboard, showing users the top key performance indicators (KPIs), such as profits, total revenue and expenses and revenues for individual business units, in charts and graphs. This is all the more reason the software you choose should have easy-to-use and accurate general ledger functionality.

General ledger software data used to create customized dashboards

The customized dashboard view of Intacct

Features of General Ledger Solutions

The general ledger is a functional area of a larger accounting suite, and many features assist with the daily tasks associated with the ledger. Here are some common ones:

Bank reconciliation Allows companies to match the balances of records in the general ledger to bank accounts to identify any discrepancies. Some accounting systems can automatically import and export changes to the numbers, such as credit card transactions, to save time.
Tax preparation Depending on the state and federal regulations you are subject to, accounting software vendors stay up-to-date and ensure compliance by updating tax law details in the system.
Customizations Accounting software vendors serve a wide range of industries, so most offer highly customizable systems to ensure each client has the functionality they need. In addition, most systems can integrate with other software, so all your company’s financial data can flow seamlessly from module to module.
Reporting and dashboards Any data used to generate reports or populate KPI dashboards will pull from the general ledger. It’s important to keep the ledger accurate and up to date so that the information you use in reports and dashboards reflect the true financial standing.
Mobile applications When emergency situations occur, mobile apps give users the ability to perform most tasks with a smartphone or tablet anywhere. Mobile users can send invoices, reconcile accounts, log expenses and more. Many apps also take advantage of native mobile device hardware, such as a camera, to capture paper receipts, for example.

Trends Among Small Business Accounting Software Buyers

Software Advice is in contact with hundreds of small business software buyers each day, so we gain unique insight into their preferences. In a 2016 survey about accounting software, buyers revealed the most important features to them:

  • Ninety-seven percent of buyers request a system with accounts payable, accounts receivable and general ledger
  • Three percent request a system with accounts payable and general ledger

Therefore, we can say that 100 percent of accounting software buyers want the functionality of a general ledger system.

This highlights the importance of choosing a system with the ledger capabilities you need. The survey went on to uncover the other top accounting features:

Top-Requested Accounting Software Functionality

Top-Requested Accounting Software Functionality

Financial reporting led the results for features that aren’t included in core accounting capabilities with 82 percent; this is a leap from 56 percent in 2015, and a sign that the general ledger is critical to several other functions in an accounting system.

General Ledger Systems Pricing and Deployment

Accounting software, like many other types of systems, is commonly offered in two ways:

  • As a perpetual license. Users pay an upfront cost for the right to use the software forever. Usually, buyers will also pay fees for ongoing support and software updates.
  •  
  • As a monthly subscription. Users pay a monthly subscription fee based on the number of users, features included or other factors. This may also include an additional upfront, one-time cost.

Costs for software will increase as features or add-on modules are integrated into the system, and vendors are often able to customize a set of features into a package that works for a specific industry or business.

Secondly, the system can be deployed in a of couple ways:

  • Hosted or on-premise means the software is downloaded to the computers at your business, and all the data on that system is local. Some users prefer this model to keep their data close by.
  •  
  • Cloud or web-based typically means the software is accessible via a web browser, anywhere the user needs it. In the overall software industry, there is a movement toward cloud-based systems, as their flexibility is a significant benefit for many types of companies.

In a recent survey, Software Advice asked small businesses about their confidence in cloud-based accounting systems. The results showed that while about 43 percent used on-premise software in 2014, the following year, the number of cloud software users nearly doubled, with an increase from 16 to 30 percent.

The notion that cloud-based software is less secure than on-premise is changing, and 28 percent of respondents from the same survey cite increased safety and security as a top benefit.