The Best Accounting Software For Midsize Businesses

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QuickBooks Enterprise Screenshot

QuickBooks Enterprise

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(32)
QuickBooks Enterprise Solutions by Intuit offers the most comprehensive business management solution for growing businesses with up to 30 simultaneous users. Enterprise Solutions allows you to customize any of the 120+ built-in Reports and forms to look the way you want. @youtube Enterprise Solutions also integrates with a broad number of QuickBooks compatible business applications to provide solutions for your business. The system will help you streamline all the critical operations of your
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Starting Price
$199/month
Client OS
Windows
Deployment
Cloud or On-Premises
Sage Intacct Screenshot

Sage Intacct

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(46)
We like Sage Intacct for its multi-entity financial reporting, powerful integrations, and industry-specific services. For example, Intacct offers out-of-the-box functionality, from comprehensive fund accounting to healthcare financial management.
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Starting Price
$8,580/year (Add $2,880 per extra user)
Client OS
Web
Deployment
Cloud Hosted
Denali Business+Accounting Screenshot

Denali Business+Accounting

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Everything you expect from a leading business accounting solution, plus the tools to manage cash flow, monitor profitability, analyze trends, track inventory, and make informed financial decisions based on real-time accounting data. Let Cougar Mountain show you how DENALI Business+Accounting can serve your business. Accounting software should do more than keep the books. Advanced, multi-tiered security system that allows system rights to be established for users by application and function,
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Starting Price
$1,999/user (perpetual license)
Client OS
Windows
Deployment
Cloud or On-Premises
Zoho CRM Screenshot

Zoho CRM

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(3)
Zoho CRM is a 360º online business management platform that caters to the needs of businesses of all types and sizes. Track leads, nurture them along the sales funnel, collaborate in real time and monitor business trends from a centralized hub. Over 250,000 businesses in 180 countries use Zoho CRM. Zoho is the only legacy CRM since 2005 to offer users 40+ native apps & 500+ third-party extensions. @youtube Zoho CRM offers everything you need to increase leads, accelerate sales, and measure sales
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Starting Price
$14/user/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Dynamics 365 Business Central Screenshot

Dynamics 365 Business Central

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(9)
Get a complete business and financial management solution for small and medium-sized businesses. Microsoft Dynamics 365 Business Central makes ordering, selling, invoicing, and reporting easier—starting on day one.
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Starting Price
$70/user/month
Client OS
Web
Deployment
Cloud or On-Premises
SAP Business All-in-One Screenshot

SAP Business All-in-One

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SAP Business All-in-One solutions are designed for midsize companies while the SAP Business One product line is designed for small businesses. SAP Business All-in-One solutions are built on the SAP ERP application—world-class, integrated enterprise resource planning (ERP) software and SAP Best Practices packages configured specifically for midsize companies. SAP Business All-in-One addresses the core business software requirements of the most demanding midsize organizations in all types of
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Client OS
Windows
Deployment
Cloud or On-Premises
Acumatica Cloud ERP Screenshot

Acumatica Cloud ERP

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Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Through leading-edge technology, best-in-class business functionality, and customer-friendly business practices, Acumatica delivers unparalleled value to small and midmarket organizations. Integrated workflows span the full suite of business management applications, from Financials, Project Accounting, and Inventory Management to CRM. Specialized industry
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Client OS
iOS, Android, Web
Deployment
Cloud or On-Premises
Sage 300 Screenshot

Sage 300

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(15)
Sage 300 is a business management software solution designed for small and medium-sized businesses. Critical program functionality includes support for accounting, sales, service, purchasing, and inventory management tasks.
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Starting Price
$2,075/user (perpetual license)
Client OS
Windows, Web
Deployment
Cloud or On-Premises
Connected Accounting and ERP Screenshot

Connected Accounting and ERP

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(4)
Connected Accounting and ERP is a business management application designed for small to midsized companies. Connected can be deployed on traditional networks, with both Mac and/or PC clients, or in the Connected on Demand hosted cloud . The application offers exceptional audit trail and security to help save time and avoid errors in tasks like financial accounting, inventory management and production, and order entry. Connected is offered in two configurations: Core Accounting and Enterprise.
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Starting Price
$1,499 (perpetual license)
Client OS
Windows, macOS
Deployment
Cloud or On-Premises
Adagio Accounting Suite Screenshot

Adagio Accounting Suite

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(2)
Adagio Accounting is a multi-ledger, modular accounting system that provides best-in-class audit controls and financial reporting capabilities. It is designed for small and mid-sized businesses that process significant volumes of transactions — where batch processing provides additional error prevention and audit functions that don’t exist in real-time systems. Adagio controls the creation and management of electronic forms such as invoices, statements and checks, providing clients with a path
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Starting Price
$950 (perpetual license)
Client OS
Windows
Deployment
On-Premises
NetSuite ERP Screenshot

NetSuite ERP

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(22)
We like NetSuite for its advanced features, extensive customization, and powerful integrations. NetSuite offers industry-specific software editions to generate leading practice reports and boost out-of-the-box functionality.
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Starting Price
$99/user/month
Client OS
Web
Deployment
Cloud Hosted
Spire Screenshot

Spire

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(2)
Spire is a business management solution for small and mid-sized businesses. The software is developed with an intuitive user-friendly interface and a robust database that uses modern technology for efficiency, flexibility and scalability. With Spire, organizations gain a competitive advantage with greater visibility and control of business operations. Start experiencing the benefits of a business management software designed to meet your business needs. Having all the information allows you to
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Deployment
On-Premises
Golden Accounting System Screenshot

Golden Accounting System

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(2)
GOLDEN ACCOUNTING SYSTEM is a full-featured accounting suite for the small to medium sized enterprise. It is designed to fulfill the accounting needs of companies that have outgrown entry-level accounting systems or have specialized business needs. The GOLDEN ACCOUNTING SYSTEM” product suite contains five core accounting modules: Accounts Receivable, Inventory Control, Sales Order Invoicing, System Manager. In addition we offer additional accounting module package containing 4 modules: General
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Starting Price
$9,995 (perpetual license)
Client OS
Windows
Gravity Software Screenshot

Gravity Software

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(6)
Gravity Software’s cloud-based accounting solution is designed for businesses that have either outgrown their entry level accounting software (e.g.: QuickBooks, Xero) or legacy accounting apps (e.g. Sage 50, PFW, Dynamics GP), but are not ready to upgrade to an expensive enterprise app like Sage Intacct or NetSuite. Gravity is the only accounting solution written from the ground up on the Microsoft Power Platform. Gravity Software’s big claim to fame is to be able to consolidate multiple
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Starting Price
$300/user/month ($200 per additional user)
Client OS
Web
Deployment
Cloud Hosted
PowerGP Online Screenshot
PowerGP Online is a SaaS ERP offering for small to mid-sized business with robust features and functionality including: Financials, Reporting and Analytics; Accounts Payable and Receivable; Inventory Management and Replenishment; Quote to Cash Functionality; Mobile App; and Data Import. PowerGP Online is a full featured solution that will work ‘out of the box’ for most companies, but allows organizations to enhance it through third party offerings or customizations, if needed. It is 100% web
Client OS
Windows, Web
Deployment
Cloud Hosted
ActivityHD Screenshot

ActivityHD

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(9)
Like most businesses, you might find that as your organization grows your accounting software become less manageable and less efficient. Your business needs demand more flexibility and insight into your financial data. And as the complexity grows you need more automation, more flexibility, and systems that integrate. ActivityHD is a fully integrated accounting system designed to give you the flexibility you need. When you have complicated accounting and payroll structure, you need a system that
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Client OS
Windows, macOS, Web
Deployment
Cloud or On-Premises
FinancialForce Screenshot

FinancialForce

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★★★★★
(1)
FinancialForce is an accounting system delivered on-demand from Force.com, the world’s leading cloud computing platform pioneered by Salesforce. It is a unique and effective financial management system in its own right, but is also the perfect complement to Salesforce CRM. The two application suites form a complete, end-to-end CRM to accounting solution all in the Salesforce environment, offering unparalleled efficiency and economies of scale. Easy to implement and trouble-free to maintain,
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Starting Price
$175/user/month
Client OS
Web
Deployment
Cloud Hosted
Multiview Screenshot

Multiview

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★★★★★
(3)
For organizations seeking a solution that easily conforms to their existing operations, Multiview offers a flexible, integrated suite of financial solutions. With Multiview , companies gain superior visibility over corporate data, creating a more effective and efficient organization while still controlling costs; Multiview is one of the most robust yet affordable solutions in the market. The highly scalable, sophisticated solution includes 18 fully integrated modules that can be deployed in a
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   $     $     $     $     $   
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Client OS
Windows
Deployment
Cloud or On-Premises
Business! Professional Edition Screenshot
Business! Professional Edition accounting software includes powerful and robust features for today’s businesses. A great solution for small to medium sized companies that will help you run your business better than any other product today. Users love the ease of use and navigation the interfaces offer. Powerful visual forms and reports let you extract and analyze data in a variety of ways. Best of all, open source coupled with a Microsoft Access or SQL Server database lets you modify the
Starting Price
$2,495 (perpetual license)
Client OS
Windows
Deployment
On-Premises
AccountMate 11 for SQL and Express Screenshot
AccountMate 11 is a real-time, customizable business management and accounting solution designed to address the needs of medium-sized businesses. AccountMate takes advantage of the speed of client/server technology and the latest productivity-enhancing tools from Microsoft’s BackOffice suite of products to create an inclusive solution that is designed to help you better manage your business. For companies who prefer to minimize IT infrastructure and the costs associated with having to purchase
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Starting Price
$4,000/user (perpetual license)
Client OS
Windows
Deployment
Cloud or On-Premises

We searched and searched, but we couldn’t find any products in our database that match your criteria. Perhaps our team of software experts can help? They’d be happy to provide a list of free the best accounting software for midsize businesses recommendations that meet your exact requirements.

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Buyer’s Guide

What is Accounting Software for Midsize Businesses?

Accounting software for midsize businesses provides applications not found in traditional small business accounting software, such as a larger-scale billing and invoicing process, in-depth inventory management, and payroll.

These systems will provide basic income and expense tracking but are intended for growing companies who find their current accounting software to be too limiting. Some industry-specific accounting solutions are also available for midsize businesses that handle fund accounting, DCAA compliance, job costing, and more.

Growing small and midsize businesses (SMBs) need to add more employees to payroll, process more transactions, and create more custom financial reports to monitor cash flow. Many small business accounting systems put a limit on the number of transactions or employees you can add to it, and don’t offer as customizable reporting. Finding a robust solution for midsize to large businesses will allow you to process more without slowing down your system.

Features of Midsize Business Accounting Software

Feature Description
Core Accounting Includes expense management and income tracking. Modules include accounts payable, accounts receivable, and general ledger.
Billing and Invoicing Create and send invoices for products and services rendered. Set up one-time or recurring billing. Automate payment reminders. Allow online payment processing through bank account transfer or credit card payments.
Inventory Management Track on-hand inventory items in real-time including quantities, product descriptions, and prices. Automate purchase orders to replenish low stocks.
Payroll Automate wage calculation, check printing, wage tax reports, ACH deposits, and more.
General ledger entries in Microsoft Dynamics 365 Business Central
General ledger entries in Microsoft Dynamics 365 Business Central include the posting date, document type, account number, description, posting type, amount, and more.

Advanced Accounting Features

As midsize companies become larger, advanced accounting features become more important to continue growing. Some advanced features include:

Feature Description
Business Intelligence Run historical reports and predictive analysis on finances, business operations, personnel, and more.
Budgeting and Forecasting Create detailed financial plans that estimate the future revenue and expenses of your company.
Currency Exchange Manage currency exchange rates for international orders. Report on multi-currency orders in a consolidated single-currency value.
Customer Relationship Management (CRM) Store customer contact information, purchase histories, saved/wishlist items, and more to guide sales and marketing efforts.
Bank Reconciliation Import bank records in real-time to ensure bank records and accounting records match.
Bank reconciliation in Adagio Accounting Suite
Bank reconciliation in Adagio Accounting Suite checks bank records and accounting records to see if amounts match.

Industry-Specific Accounting Features

Growing businesses often need industry-specific features as they move forward from small business accounting software. Some industry-specific accounting solutions offer functionalities including:

Feature Industry Types Description
Fund Accounting Nonprofits and Government Agencies Track money from donations and grants. Manage donor/grant requirements and profitability.
DCAA Compliance Government Contractors Manage accounting starts for government contractors in accordance with the Defense Contract Audit Agency (DCAA) compliance regulations.
Job Costing Manufacturing and Construction Track expenses and profitability on a job-by-job basis. Also referred to as construction or project accounting.
Project accounting in Acumatica ERP
Project accounting in Acumatica ERP allows you to view detailed information on each job including task status, balances, employees, and equipment associated with the project.

Benefits of Accounting Software for Midsize Businesses

Accounting software for midsize businesses helps companies do more than what their current small business accounting software offers. Some benefits of midsize business accounting software include:

More Capacity for Managing Customers, Inventory Items, and Vendors

Accounting software for midsize to large businesses is capable of storing more information without slowing down. Small business accounting software often puts a cap on things like the number of inventory items, customers, vendors, and concurrent users you can keep stored in the system. For example, QuickBooks can store a maximum of 14,500 inventory and stock items, 10,000 payroll items, and 14,500 names (customers, suppliers, vendors, and employees combined). Small business systems also have a tendency to become bogged down when too much data is stored in it.

Accounting software for midsize business is built to allow for more data storage and concurrent users. Many solutions will scale with you as your business grows, so you can do more with less downtime upgrading or replacing the entire accounting system.

Streamline Billing and Invoicing

Midsize business accounting software makes it easy to manage larger-scale invoicing to ensure you’re getting paid while reducing overhead. The software will automate billing and invoicing processes including:

  • Automatically perform checks to make sure goods and services match the orders and receipts. Orders that don’t match get flagged for manual checks.
  • Recurring bills for regular services will be sent out automatically at a specified date.
  • Reminders can be set up to notify customers of upcoming or overdue payments.
  • Custom late payment fees can also be charged automatically.

Your accounting solution will track the invoice number, payment status, and descriptions of the products or services rendered for each customer. Many systems also allow online payment processing. When you get paid, the system will update the payment status in real-time.

Keep Expenses Organized

All businesses need to keep expenses organized to control costs and accurately monitor profibatility. As your business grows, expense tracking can become more complex.

For example, midsize and larger companies often need to track purchase requisitions. The accounting software allows employees to request purchase orders for business supplies, materials, or equipment. The purchasing department can approve or deny the requests and begin the purchasing process if needed. The software will help you control costs with customizable rules for approval, mitigate the risk of purchase order fraud, and provide real-time reports on spending.

QuickBooks Accounting Software for Midsize Businesses

Midsize businesses sometimes keep QuickBooks, because it is a system they’re familiar with and it can have a more budget-friendly price point than other solutions. If you’re outgrowing QuickBooks Pro or QuickBooks Premier, you can upgrade and stay on the platform you’re comfortable with. QuickBooks Enterprise is an on-premise accounting solution that is marketed towards small to medium-sized businesses. This system is advertised to have 6x more capacity than either Pro or Premier. Enterprise can manage more customers, inventory, vendors, and concurrent users than its predecessors.

If you’re looking to stay with QuickBooks for the cost-savings benefits, there are add-ons and third-party integrations you can use to pick up slack in other areas of your business. Using an integrated solution or add-on alongside QuickBooks can give you some of the same benefits as a full midsize business accounting solution. Some examples of integrated solutions or add-ons:

You’re looking for… Example options…
In-depth inventory control Fishbowl Inventory or IntelliTrack
Customer relationship management Method CRM Pro or RedHorse CRM
Larger-scale billing BillQuick or Bill.com
Payroll QuickBooks Payroll Enhanced or Easypay Payroll
Document management SourceLink or DocuXplorer

Common QuickBooks Replacements for SMBs

While basic accounting software like QuickBooks Online, Xero, and FreshBooks are powerful accounting systems for startups and small businesses, many companies eventually outgrow them. QuickBooks can be limited in its reporting capabilities, access for multiple concurrent users, and workflow management. Some businesses need more industry-specific functionality like project management, estimating, job costing, fund accounting, and more.

Most popular QuickBooks replacement
We analyzed data from over 4,000 software buyers over a 5-year period to find the most popular QuickBooks replacement. The top three results were Microsoft Dynamics GP, Sage Intacct, and Sage 300 ERP.

Cloud Accounting for Midsize Businesses

Online accounting solutions are popular for midsize businesses that want to keep software costs low and have a program that scales with their business. Most cloud accounting software will feature multiple plans or modules that can be turned on and off as needed, so you’re getting exactly the functionality you need.

Another advantage of using cloud-based accounting software is the ability to browse financial information from any device with an Internet connection. Online accounting software also allows for remote data entry. For example, employees that work in the field can bill clients and accept payment from a mobile device. Some solutions also have their own standalone mobile apps that can be downloaded to an Android or iOS device.

Billing dashboard in FinancialForce
Billing dashboard in the cloud-based financial management system FinancialForce.

ERP Systems for Midsize Business Accounting

Enterprise resource planning (ERP) solutions are available for midsize companies looking for an all-in-one software that has powerful accounting tools and strong business management functionality. ERP systems are generally customizable and scalable–you can add on or remove modules as your business continues growing.

Depending on the solution and your industry-specific business needs, ERP software will help you manage business processes like project management, supply chain management, human resources, time tracking, quality control, order management, and more.

A dashboard in NetSuite ERP
A dashboard in NetSuite ERP shows eCommerce sales statistics, sales by period trend, cart abandonment, new customers, sales by partner, and more.