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Distribution Accounting Software


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Fishbowl Inventory Distribution logo
 
Distributors currently using QuickBooks for accounting but looking for deeper functionality should evaluate Fishbowl Inventory. This solution builds on-top of QuickBooks and is ideal for small to medium-sized operations.
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Distributors currently using QuickBooks for accounting but looking for deeper functionality should evaluate Fishbowl Inventory. This solution builds on-top of QuickBooks and is ideal for small to medium-sized operations.
 
NetSuite logo
 
NetSuite got its start as NetLedger back in 1998 when it was a start-up that specialized in financials. Because of their heritage in financial applications, NetSuite offers distributors deep accounting functionality in the cloud.
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NetSuite got its start as NetLedger back in 1998 when it was a start-up that specialized in financials. Because of their heritage in financial applications, NetSuite offers distributors deep accounting functionality in the cloud.
 
Systum logo
 
Systum is a cloud-based distribution management solution for small to midsize businesses. Key features include marketing, customer relationship management, sales automation, e-commerce, inventory management and quoting and billing. Systum... Read More
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Systum is a cloud-based distribution management solution for small to midsize businesses. Key features include marketing, customer relationship management, sales automation, e-commerce, inventory management and quoting and billing. Systum... Read More
 
VersAccounts Small Business Cloud ERP logo
 
VersAccounts is a cloud-based enterprise resource planning (ERP) solution designed for small manufacturers and distributors. The solution offers tools to consolidate data related to finances, inventory, revenue, costs and more. Within... Read More
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VersAccounts is a cloud-based enterprise resource planning (ERP) solution designed for small manufacturers and distributors. The solution offers tools to consolidate data related to finances, inventory, revenue, costs and more. Within... Read More
 
Agiliron Distribution logo
 
Agiliron cloud-based point-of-sale (POS) solution is designed to serve both in-store and mobile businesses as well as online sales channels. The system offers a host of features that work in tandem with the point-of-sale solution,... Read More
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Agiliron cloud-based point-of-sale (POS) solution is designed to serve both in-store and mobile businesses as well as online sales channels. The system offers a host of features that work in tandem with the point-of-sale solution,... Read More

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Entree logo
 
NECS entrée offers accounting as part of a full suite of applications. The accounting application includes standard features such as accounts payable and general ledger as well as advanced features like multi-site accounting.
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NECS entrée offers accounting as part of a full suite of applications. The accounting application includes standard features such as accounts payable and general ledger as well as advanced features like multi-site accounting.
 
WinWeb logo
 
WinWeb is a distribution enterprise resource planning (ERP) suite for small and midsize businesses in industries such as retail, wholesale, manufacturing, franchising and health care. Cloud-based and on-premise deployments are available. The... Read More
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WinWeb is a distribution enterprise resource planning (ERP) suite for small and midsize businesses in industries such as retail, wholesale, manufacturing, franchising and health care. Cloud-based and on-premise deployments are available. The... Read More
 
Distribution One ERP-ONE+ - Distribution logo
 
ERP-ONE by Distribution One was designed specifically for the needs of wholesalers and distributors. Their integrated accounting application supports in-house payroll, as well as multiple currencies and languages.
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ERP-ONE by Distribution One was designed specifically for the needs of wholesalers and distributors. Their integrated accounting application supports in-house payroll, as well as multiple currencies and languages.
 
Epicor Prophet 21 logo
 
Epicor Prophet 21 is a business management solution designed distributors with capabilities such as: mobility, e-commerce, analytics/business intelligence, financial management, CRM, order management, pricing, purchasing, warehouse... Read More
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Epicor Prophet 21 is a business management solution designed distributors with capabilities such as: mobility, e-commerce, analytics/business intelligence, financial management, CRM, order management, pricing, purchasing, warehouse... Read More
 
Deskera ERP logo
 
Deskera ERP is a cloud-based enterprise business management suite that automates sales, billing, fulfillment, distribution (including pick, pack and ship process), sales commission calculations, purchasing, payment processing, product... Read More
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Deskera ERP is a cloud-based enterprise business management suite that automates sales, billing, fulfillment, distribution (including pick, pack and ship process), sales commission calculations, purchasing, payment processing, product... Read More

Call us for a free FastStart Consultation: +1 512 213 0292


 
Infor ERP Distribution logo
 
We recommend the Infor ERP solution for distributors looking to obtain a better grasp of their finances. Complies with SOX and IFRS requirements. Includes general ledger, AR/AP, purchasing, fixed asset and inventory management.
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We recommend the Infor ERP solution for distributors looking to obtain a better grasp of their finances. Complies with SOX and IFRS requirements. Includes general ledger, AR/AP, purchasing, fixed asset and inventory management.
 
TECSYS EliteSeries logo
 
EliteSeries by TECSYS features a myriad of integrated Distribution applications, in addition to clever features like their cutting-edge, patent-pending Visual Logistics module. It can be accessed from any browser-based device.
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EliteSeries by TECSYS features a myriad of integrated Distribution applications, in addition to clever features like their cutting-edge, patent-pending Visual Logistics module. It can be accessed from any browser-based device.
 
Blue Link ERP logo
 
The Blue Link system is a fully-integrated suite that includes transportation management, purchasing management and CRM. The accounting application has advanced features for tax management and can manage multiple bank accounts.
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The Blue Link system is a fully-integrated suite that includes transportation management, purchasing management and CRM. The accounting application has advanced features for tax management and can manage multiple bank accounts.
 
Datacor Chempax logo
 
Chempax by Datacor is an integrated enterprise resource planning (ERP) and customer relationship management (CRM) application designed specifically for chemical process manufacturers and distributors. The solution can be scaled to... Read More
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Chempax by Datacor is an integrated enterprise resource planning (ERP) and customer relationship management (CRM) application designed specifically for chemical process manufacturers and distributors. The solution can be scaled to... Read More
 
Enterprise 21 ERP logo
 
Enterprise 21 ERP from TGI is a cloud-based enterprise resource planning (ERP) solution that provides small and midsize businesses across various industry verticals tools and functionalities to manage day-to-day operations and routines... Read More
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Enterprise 21 ERP from TGI is a cloud-based enterprise resource planning (ERP) solution that provides small and midsize businesses across various industry verticals tools and functionalities to manage day-to-day operations and routines... Read More

Call us for a free FastStart Consultation: +1 512 213 0292


 
Epicor Eclipse logo
 
Epicor Eclipse is a distribution-focused business management solution developed to fit electrical, plumbing/PVF, and HVAC wholesale businesses that scales from tens to thousands of users on a single installation. Eclipse provides... Read More
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Epicor Eclipse is a distribution-focused business management solution developed to fit electrical, plumbing/PVF, and HVAC wholesale businesses that scales from tens to thousands of users on a single installation. Eclipse provides... Read More
 
Royal 4 Enterprise logo
 
Royal4 has been serving the accounting industry since 1984 and has several Fortune 500 companies amongst their clientele. The accounting application has multi-language and multi-currency support for international distributors.
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Royal4 has been serving the accounting industry since 1984 and has several Fortune 500 companies amongst their clientele. The accounting application has multi-language and multi-currency support for international distributors.
 
Sage Business Cloud Enterprise Management logo
 
Sage Business Cloud Enterprise Management, formerly known as Sage X3, is an ERP software suite that includes integrated functionality for financial management, sales, customer service, distribution, inventory, and manufacturing, and... Read More
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Sage Business Cloud Enterprise Management, formerly known as Sage X3, is an ERP software suite that includes integrated functionality for financial management, sales, customer service, distribution, inventory, and manufacturing, and... Read More
 
Decision Builder logo
 
Decision Builder ERP is an enterprise resource planning (ERP) solution that serves companies in the manufacturing, distribution and service fields throughout the North American continent.  Decision Builder is an integrated system... Read More
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Decision Builder ERP is an enterprise resource planning (ERP) solution that serves companies in the manufacturing, distribution and service fields throughout the North American continent.  Decision Builder is an integrated system... Read More
 
Geneva Business Management Systems (GBMS) logo
 
Geneva is good for distributors that have maxed out the functionality of a basic accounting package like Peachtree. We recommend Geneva to companies with up to $300 million in revenue looking for a more robust accounting system.
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Geneva is good for distributors that have maxed out the functionality of a basic accounting package like Peachtree. We recommend Geneva to companies with up to $300 million in revenue looking for a more robust accounting system.
 

Buyer's Guide

by Zach Hale,

Last Updated: September 18, 2018


Accounting for distributors brings an additional level of complexity to standard accounting, since a distributor acts both like a buyer and a seller. As such, accounting software for distributors mirrors the complexity of financial transactions that distributors have to deal with on a regular basis. As a result, every major provider has solutions specifically targeted at distributors. We wrote this buyer’s guide to help buyers unlock this arcane market.

Here’s what we’ll cover:

What Is Distribution Accounting Software?
What Type of Buyer Are You?
Benefits and Potential Issues
Market Trends to Understand
The Vendor Landscape

What Is Distribution Accounting Software?

“The language of business is accounting.” Accounting software for distributors manages all of the financial transactions and operations, and includes special functionality unique to the industry. It comprises:

  • General ledger
  • Accounts receivable
  • Accounts payable

Inventory is often handled by a separate system, but could be one component in a complete enterprise resource planning (ERP) suite.

Three things in particular are different in accounting software for wholesalers. First is a focus on handling large volumes of transactions. Distributor margins are often described as “razor thin;” profitability comes from handling large quantities of transactions efficiently. Second is the unique requirement to handle large numbers of both vendors and customers. Since distributors sit between manufacturers and retailers, relationship management is important on both sides.

The third unique characteristic is a consequence of the other two. In order to effectively process orders with a large number of providers and customers, distribution systems need to integrate directly with suppliers’ systems and retailers’ systems. However, each different system may be from a different software provider. As such, accounting software for wholesale firms must correctly pass and receive data from and to a variety of systems.

Most large distributor systems are still installed on premise because of the networking infrastructure required to support a warehouse. One of the cost justifications for cloud-based applications is the reduced cost for infrastructure. Cloud-based programs have long-term benefits for wholesale distributors but this sector has not aggressively adopted that technology. Smaller distributors with more manual operators may benefit from cloud-based systems.

What Type of Buyer Are You?

You’ll need to determine what type of buyer you are as part of evaluating distribution software. Over 90 percent of buyers fall into one of these four groups:

Full-suite buyer. These buyers value the seamless integration of data and processes that comes from having one system for all functions. For example, a full-suite system for financials, customer relationship management and inventory management can turn quotes automatically into orders and then generate picking lists, shipping labels and invoices. These buyers favor complete software suites like Oracle, SAP, Sage ERP or Microsoft Dynamics AX.

Multiple warehouse operations buyer. These buyers run multiple facilities and need to track and balance inventories over a geographical area. The buyers require software that can handle the financial information from each location and still provide a single view of the operation. It must also track different tax information if the locations are in different jurisdictions.

Departmental buyer. These buyers are distribution specialists for firms that have an internal distribution network. They may only sell to their own outlets, but they must contend with multiple suppliers, inventory issues, competing corporate customers and transportation decisions similar to commercial distributors use.

Small business buyer. These buyers may work for distributors or wholesalers or may have a distribution component as part of their company. They usually have smaller numbers of clients, suppliers and inventory and may include some assembly or production components but still face the same basic issues as large-scale distributors. These buyers are often using paper-based tools or general accounting systems like Intuit or Peachtree. 

Benefits and Potential Issues

There must be specific benefits to justify the costs of purchasing and implementing an accounting system.

Better cost control. A distribution accounting system gives a much better view of costs and margins. Increased information lets managers understand and control costs better.

Automated discount tracking. One of the challenges facing distributors is dealing with discounts. Tracking discounts like “2 percent 10 NET 30” becomes more difficult when managers have to track them on both sides, the discounts available from suppliers and the discounts offered to customers. Automated discount tracking lets distributors balance discounts available against cash flow requirements to make the best business decisions. 

Better compliance reporting. Since the distribution accounting system interfaces with other systems throughout the firm, it serves as a convenient source for all of the compliance reports. This can significantly reduce the cost of preparing compliance documents for government agencies and insurance companies.

Accounting systems are a challenge to implement and to use. There is always the temptation to bypass the systems to “get ‘er done.” This leads to bad information in the system, which can flow through to supplier and vendor systems. This is not the best way to maintain good relationships in a relationship-driven business.

Market Trends to Understand

You could consider these market trends as you consider the top distribution accounting systems:

Use of advance ship notice. Most manufacturers and distributors are adopting advance ship notice (ASN) to help the purchaser effectively receive their orders. The ASN provides the purchaser with a list of the shipment’s contents and matching bar codes, allowing the purchaser to pre-stage the receiving area to effectively count and stock the shipment.

Use of Web-based front ends. Most systems are allowing the use of Web-based technologies like browsers to provide information to upstream (vendor) and downstream (customer) partners. For example, a customer can verify that an order was received and is pending by logging on to a special website with information generated by the accounting system.

Availability of a management dashboard. For years, managers generated periodic and on-demand reports to monitor operations. As supply chain systems become more integrated with suppliers and customers, printed reports are too time consuming to use. Replacing them are dashboards that display key measures such as inventory turn, time to ship, discounts available or total accounts receivable. Systems can even provide email or text messages to notify managers when extraordinary events occur, such as a large order received or a customer account overdue for 90 days.

The Vendor Landscape

Distribution solutions vary in capability and in the ability to communicate with other software packages. Buyers need to evaluate both the integration needs and the scope of their distributor system.

This type of buyer... Should evaluate these systems
Full-suite buyer SAP, Oracle, Microsoft Dynamics
Multiple warehouse operations buyer Gillani, SAP, Oracle
Departmental buyer Exact Globe, Geneva, ADS, Oracle, SAP
Small business buyer Sage, Exact Globe, Intuit, SAP

Free Download:
Distribution ERP Software Feature Checklist

Free Download:
Ten Steps Guide to Selecting Distribution ERP Software

 

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