SoftLedger

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SoftLedger

by SoftLedger

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About SoftLedger

SoftLedger is a cloud-based accounting solution for small to midsize businesses. Key features include accounts payable and receivable, general ledger, financial reporting, consolidation reporting and inventory management. SoftLedger is able to automate billing and collections by syncing accounting and operations. Users can track vendor billing and gain insight into how expenses match up to budgets. The solution also supports usage-based billing and offers general ledger functionality. Financial reporting is driven directly from the financial system of record to provide real-time data. SoftLedger is able to directly connect with banks and provide detailed information on cash flow. As transactions are recorded for various business segments, the related journal e...

SoftLedger Pricing

First month is risk free

Starting price: 

$749.00 per month

Free trial: 

Not Available

Free version: 

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SoftLedger User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

4.5

Value for money

5

Customer support

5

Functionality

4.5

Showing 1 - 5 of 14 reviews

Ronaldo

NVR Auditores e Consultores

Verified reviewer

Time used: Less than 12 months

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

5

Reviewed July 2018

Fast, easy to operate and to manager! It is absolutely affordable and reliable!

SoftLedger letted us make our Financial Consolidations of our multiples Financial Statements. There we can review our numbers updated in any place of the world. SoftLedger has interface with our Bank Accounts and help us to do the accounting releases easily.

Pros

SoftLedger is the best system that we found in the market. It allowed us to work with many accounting models of many corporations in a variety of countries. It is easy to generate reports and consolidate the financial accountings perfectly. It is simple to access and to operate. It is flexible and absolutely free to create a tailor made accounting.

Cons

It is not a multi-currency system. Rarely it is slow! But it happens. I cannot assure if it is SoftLedger or my internet access.

Response from SoftLedger

Thanks Ronaldo! We greatly appreciate the feedback. Ben

Replied July 2019

Matthew

IHI Terrasun Solutions

Verified reviewer

Company size: 10,000+ employees

Industry: Oil & Energy

Time used: Less than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

5

Reviewed March 2021

Easy to use, no frills software for managing procurement, accounting, and inventory management.

Very satisfied. We spend significantly less time operating in Soft Ledger than our previous systems because they're so much easier to use. Especially with Procurement and Inventory Mgt, this frees up time for our team to focus actually on contracting, cash flow, logistics, inventory mgt, etc., instead of spending hours in our system just to create PO's or inventory.

Pros

How easy it is to use. It took us less than 5% the time understand and implement Soft Ledger than it took us to implement and train for SAP and Microsoft AX. We also love how it is customizable and doesn't have the barriers that other softwares had. With SAP/Microsoft AX, we had to adjust our procurement policies and procedures just to fit in with their systems. With Soft Ledger we were able to very easily customize it so that we could maximize efficiency.

Cons

Nothing. Is is very easy to use and can be as simple or as heavy of a tool as the user would like it to be.

Reasons for choosing SoftLedger

The Soft Ledger team knew we were looking at more expensive products. They convinced us that we should give them a try first since it would be low cost and easy to implement, while the other softwares would have taken months to implement and train with and would have had large investment cots. Within the first few weeks of using Soft Ledger, it was clear that we did not need to consider any other software for procurement, accounting, and inventory management.

David

Bitwage

Verified reviewer

Company size: 2-10 employees

Industry: Accounting

Time used: Less than 12 months

Review Source: Capterra

This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

Ease-of-use

4

Value for money

5

Customer support

5

Functionality

4

Reviewed July 2019

Cryptocurrency ERP Solution

Costing and translating Cryptocurrency activity and trades

Pros

Automated Cryptocurrency Costing from major exchanges.

Cons

The cyrptocurrency costing module is limited to one currency

Alternatives Considered

Xero and Quickbooks Online

Response from SoftLedger

Thanks for your feedback! We're always looking to add more features. While we do handle all cryptocurrencies, we'll consider whether or not we can add multiple fiat costing and reporting currencies per account as well. Ben

Replied July 2019

Steven

Cipherpoint Limited

Verified reviewer

Company size: 2-10 employees

Industry: Information Technology and Services

Time used: Less than 12 months

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

4

Value for money

5

Customer support

5

Functionality

4

Reviewed March 2021

Great accounting package for a small, global business.

Really positive experience. It took me about 6 weeks to have the platform up and running from our old accounting system just in time for our first half year report.

Pros

The ability to easily convert fx transaction and consolidate across various entities. Also journal entry upload with excel was super easy.

Cons

The AP and AR reports are really bare. More flexibility in report building would be much better.

Alternatives Considered

Xero

Reasons for choosing SoftLedger

Simple and intuitive. The sales and pre-sales engagement was also really good.

Anthony

Centri Business Consulting, LLC

Verified reviewer

Company size: 2-10 employees

Industry: Financial Services

Time used: Less than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Customer support

5

Functionality

4

Reviewed March 2021

Very User Friendly Accounting Software with amazing Customer Support team

Pros

The Softledger accounting system is extremely user-friendly. For users switching from one accounting system to Softledger, the bulk upload function allows for large batches of entries to be posted. In addition, there were several times where our team ran into user issues while learning the system. The customer support team is always available and very helpful for a variety of issues. The team is even available for calls to discuss broader issues and assist with planning the scope and use of the accounting system.

Cons

The one feature that proved cumbersome is the opening and closing of accounting periods. If you need to go back to prior periods for adjusting entries, you have to manually open each module (6 in each month) for each month and then manually reclose each as well. There is no capability to open a full year at once. Also, you can only post journal entries at most 100 at a time. For bulk uploads with thousands of entries, this makes it very time consuming to manually click each group of entries to post.

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