Manufacturing Accounting Systems

Manufacturing accounting software manages all of the financial transactions and operations for manufacturers. Most systems are offered in a suite of modules that include customer relationship management (CRM), material requirements planning (MRP) and manufacturing execution software (MES). This complete suite of modules is often referred to as an enterprise resource planning (ERP) system and can manage the entire operations of an enterprise.

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Showing 1 - 20 of 145 products
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Showing 1 - 20 of 145 products

Fishbowl

Fishbowl is a hybrid manufacturing and warehouse management solution designed for small and midsize companies. Key features include inventory control, material requirements planning (MRP), job shop floor control, work order manage...Read more

4.16 (722 reviews)

82 recommendations

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 (816 reviews)

68 recommendations

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)

52 recommendations

PriceDemo

24SevenOffice

24SevenOffice is a cloud-based Accounting and ERP system for small and mid-sized businesses. 24SevenOffice eliminates repetitive processes and greatly reduces the need to manually enter information. The system will also streamline...Read more

4.41 (29 reviews)

31 recommendations

PriceDemo

JobBOSS²

ECI Shoptech brings together industry-leading solutions E2 SHOP and JobBOSS to create the next evolution in job shop business management: JobBOSS². Designed specifically for job shops and make-to-order manufacturers, JobBOSS² is a...Read more

4.24 (856 reviews)

29 recommendations

PriceDemo

Global Shop Solutions

One-System ERP Solution is a full-featured ERP that is a great fit for businesses of all sizes. The software features the proprietary Global Application Builder (GAB) that allows for extensive customization and scalability....Read more

4.17 (67 reviews)

27 recommendations

PriceDemo

DELMIAworks

EnterpriseIQ by IQMS is a comprehensive ERP solution designed to meet the needs of discrete and repetitive manufacturers. Because it's fully scalable, it can grow with any company. ...Read more

4.06 (286 reviews)

20 recommendations

M1 ERP

ECI M1 is a subscription-based enterprise resource planning (ERP) system, available on-premise or via the cloud, that automates financials, inventory, production, sales/quoting and production planning. The solution is suitable for...Read more

3.69 (67 reviews)

20 recommendations

Intellect

Intellect provides a flexible enterprise Quality Management Software (eQMS) solution and platform designed to meet any FDA and ISO compliance requirements, as well as digital transformation goals. Built on the Intellect Compliance...Read more

4.53 (55 reviews)

15 recommendations

Infor VISUAL

Infor VISUAL is an Enterprise Resource Planning (ERP) System with end-to-end functionality built for manufacturing organizations looking for a complete solution that supports the entire operational lifecycle, from planning to sour...Read more

4.41 (32 reviews)

12 recommendations

Software pricing tips

Read our Manufacturing Accounting 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

MIE Trak Pro

One word sums up MIE Trak Pro: flexibility. You may be using tired old spreadsheets or an ERP system that can't scale with your manufacturing company. When your organization grows, MIE Trak Pro adapts to your needs, striking a bal...Read more

4.65 (117 reviews)

10 recommendations

PriceDemo

OptiProERP with Sap Business One

OptiProERP with SAP Business One is a complete ERP solution for small and midsize manufacturers and distributors. SAP Business One is an ERP platform designed for small and midsize companies with over 70,000 customers. OptiProERP ...Read more

No reviews yet

9 recommendations

Kinetic

Kinetic (the new name for Epicor ERP) is the cloud ERP solution built with manufacturers, for manufacturers. Epicor offers a cloud ERP platform with deployment flexibility (cloud, on-premise, hybrid) that provides manufacturers wi...Read more

3.80 (167 reviews)

7 recommendations

Sage X3

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 indust...Read more

4.29 (50 reviews)

6 recommendations

PriceDemo

SYSPRO

About SYSPRO SYSPRO is an enterprise resource planning (ERP) solution that is industry-built and provides last-mile capabilities for manufacturing and distribution businesses. SYSPRO provides the solutions, processes, and tools to...Read more

4.22 (96 reviews)

5 recommendations

PriceDemo

Visual EstiTrack

Henning Software has helped small to midsize manufacturers and job shops for 30 years. Visual EstiTrack ERP has complete material requirements planning, product lifecycle, supply chain, customer relationship, human resource and ma...Read more

4.77 (11 reviews)

5 recommendations

Genius ERP

Genius Solutions is an on-premise ERP system designed for small to mid-sized companies in Canada. This software is suitable for make-to-order, engineer-to-order and lean manufacturing firms in most industries. ...Read more

4.17 (79 reviews)

4 recommendations

Made2Manage ERP

Aptean Industrial Manufacturing is designed for manufacturers in job shops and dynamic "to-order" and mixed-mode environments. It's suitable for SMB manufacturers in industries like industrial equipment, electronics and fabricated...Read more

3.42 (67 reviews)

4 recommendations

PriceDemo

LillyWorks

LillyWorks cloud-based Manufacturing ERP is designed specifically for small manufacturers. It increases visibility to the shop floor & helps manufacturers deliver on time by considering unplanned variability on the shop floor. Bui...Read more

4.33 (6 reviews)

4 recommendations

PriceDemo

Vicinity

Vicinity Software is a cloud-based or on-premise solution designed for process manufacturers with a specific focus on food & beverage (VicinityFood), chemical (VicinityChem) and breweries (VicinityBrew). Features include MRP, cent...Read more

4.33 (3 reviews)

4 recommendations

Popular Manufacturing Accounting Software Comparisons

pricing guide

2022 Manufacturing Accounting Software Pricing Guide

Learn about the key aspects of accurate software pricing before you make your purchase decision.

  • Pricing models & ranges

  • Unexpected costs

  • Pricing of popular systems

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Buyers Guide

Last Updated: May 16, 2022

Every company has basic accounting needs, such as general ledger, accounts payable, accounts receivable, inventory and payroll. Accounting for manufacturing companies carries additional requirements. For example, it's important to have features to support job costing, work-in-progress (WIP) reports, change orders and job payroll tracking. However, the market for these systems is complex due to consolidation, new entrants and the increasing demands of enterprise resource planning (ERP) systems. We wrote this buyer’s guide to untangle the web of this technology.

Here’s what we’ll cover:

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

What Is Manufacturing Accounting Software?

Manufacturing accounting software manages all of the financial transactions and operations for manufacturers. Generic programs, such as manufacturing software for Quickbooks, don't have the unique capabilities that manufacturers require.

Additional features found in accounting software for manufacturers include support for sales orders, purchase orders, change orders and work-in-progress (WIP) reports. For engineer-to-order and make-to-order manufacturers, job costing modules are especially beneficial. These modules help manufacturers track actual project costs by materials, equipment and labor, and determine cost differentials by comparing actual costs to estimated costs.

Most systems are offered in a suite of modules that include customer relationship management (CRM), material requirements planning (MRP) and manufacturing execution software (MES). This complete suite of modules is often referred to as an enterprise resource planning (ERP) system and can manage the entire operations of an enterprise. 

Beyond standard accounting modules like accounts payable, accounts receivable and general ledger, a manufacturing accounting system will have additional features such as:

  • Raw material costing. Allows users to project current and future costs for raw materials based on historical data.
  • Bill of materials. Allows users to calculate total costs for assemblies and subassemblies, with parts and materials lists.
  • Purchasing. Allows users to track inventory and automatically place orders for raw materials when quantities reach a threshold set by the user.

It is this integration with other modules that is a key difference between a generic system and manufacturing accounting programs. For example, inventory requirements determined by the MRP system pass through to the inventory system to check availability, then to the procurement system to create a purchase order, and on to the accounts payable system for payment. The MES system tracks workers time on projects and reports that information to the payroll systems.

Most accounting systems manufacturing firms use is still installed on-premise. In a production environment the workstations are networked, usually with a mix of wired and wireless connections. One of the cost justifications for cloud-based systems is the reduced cost for infrastructure, but that is often offset by the added networking infrastructure requirements of the environment. Even so, cloud-based accounting software for manufacturing company support has long-term business benefits. While the shop floor needs a network, it does not necessarily need to have servers. With the server in the cloud, the facility does not have to have staff to maintain it or back it up.

 

What Type of Buyer Are You?

It is the “manufacturing” part of manufacturing accounting systems that is hard. Buyers need to match the enhanced functions to shop floor needs. Over 90 percent of buyers fall into one of these three groups:

Enterprise resource planning suite buyer. These buyers value the seamless integration of data and processes that comes from having one system for all functions. For example, they prefer a full-suite system for estimating, work-in-progress management and accounting that can automatically turn an estimate into a budget for project management, and then match invoices to project status and allocate job costs. These buyers favor integrated suites like Oracle, SAP, Sage ERP or Microsoft Dynamics.

Specialist buyer. Specialists in one function, such as job costing or inventory management, may value the feature depth of best-of-breed solutions designed for their function. These buyers may need specific functionality, like the ability to interface with an MRP system.

Small manufacturer. Small organizations often have limited budgets and fewer IT resources to dedicate to a system. They may be deciding between a new system and a new piece of equipment. These buyers need cost-effective tools that are easy to implement and use. Some will prefer full-suite systems, while others may just want one application, such as bill-of-materials production or shop equipment scheduling operations. These buyers typically prefer to use a small accounting software package such as Quickbooks or Peachtree. 

Benefits and Potential Issues

There must be specific benefits to justify the additional costs of a industry-specific system over a generic system.

Any system is a challenge to implement. Because of the increased complexity and the interfaces to other company and operations systems, accounting systems are more challenging than most. This can lead to delays in installing the systems. Worse, a bad installation can yield incorrect results down the line.

Better cost control. Accounting systems for manufacturers gives a much better view of costs due to the MRP integration, MES integration and job costing functions. Increased information lets managers understand and control costs better.

Increased business visibility. Because the systems keep information at the job-cost level, managers have a view of costs and profits of all operations and can judge profitability at each level.

Better compliance reporting. Since these systems interface with systems throughout the firm, it serves as a convenient library for all of the compliance reports. This can significantly reduce the cost of preparing compliance documents for government agencies.

Market Trends to Understand

You could consider these market trends as you research the market:

Use of cloud-based computing. The use of cloud-based systems is growing. NetSuite, for example, is only available as a subscription service. While the cost of running a network is the same as as an on-premises system, there are security and cost benefits to having their systems managed and replicated in the cloud.

Use of Web-based front ends. Whether it's on-premise or in the cloud, more and more systems are allowing the use of Web-based technologies like browsers to run the systems. This means that the computer power can be centralized and workstations only need to be able to run a browser.

Integration with other systems. As manufacturing software evolves, accounting systems must change in step. More information is generated by newer MES and MRP systems than previous versions. As such, these systems are constantly evolving to keep pace.

The Vendor Landscape

This type of buyer... Should evaluate these systems
Enterprise resource planning suite buyer SAP, Oracle, Sage, Microsoft Dynamics
Specialist buyer Microsoft Dynamics, NetSuite, Sage
Small manufacturer Intuitive, SYSPRO, Intuit, Geneva, ECi, Exact