SoftLedger

Video Overview

SoftLedger is an accounting and financial reporting software for companies running multiple legal entities. It handles consolidations, intercompany eliminations, multiple currencies, and supports digital asset accounting alongside standard accounting modules.

Multi-Entity Accounting

• General Ledger: A multi-dimensional general ledger that can tag transactions with locations, cost centers, products, jobs, and up to three custom dimensions.
• Consolidations: Rolls up unlimited entities at multiple levels and applies intercompany eliminations automatically.
• Multi-Currency: Records transactions in any currency and consolidates entities on different functional currencies into a shared reporting currency.
• Accounts Payable and Receivable: Handles vendor bills and customer invoicing, with approval routing on payables and automated reminders on receivables.

Financial Reporting

• Financial Statements: Generates balance sheets, income statements, trial balances, and cash flow statements for a single entity or any consolidated group.
• Dimensional Reporting: Reports on any dimension or combination of dimensions, so one chart of accounts can produce a P&L per job, product line, or cost center.
• Transaction Drill-Down: Traces any figure on a consolidated report back to the originating transaction in the entity that recorded it.

Cash Management and Payments

• Bank Connections: Imports transactions automatically from connected bank and credit card accounts.
• Bank Reconciliation: Matches imported financial transactions against the general ledger using prebuilt categorization rules.
• SoftLedger Pay: A payment page hosted by SoftLedger for accepting card and ACH payments that post automatically to the general ledger.

Purchasing, Orders, and Inventory

• Purchasing: Issues purchase orders against a vendor and warehouse, records partial or full receipts, and links the receipt to the vendor bill.
• Sales Orders: Converts accepted quotes into orders, fulfills them from warehouse stock, and posts the inventory entries when the order becomes an invoice.
• Inventory: Tracks stock levels by item and warehouse under FIFO or average costing, with transfers between locations and periodic stock counts.

Digital Assets

• Crypto Subledger: Tracks digital asset holdings across multiple wallets and exchanges alongside fiat accounts in the general ledger.
• Cost Basis and Gain Calculation: Applies FIFO or specific identification costing to digital asset transactions and posts realized and unrealized gains and losses as market rates move.
• Blockchain Traceability: Records the on-chain transaction hash against each ledger entry and links it to a block explorer for auditable verification.

Integrations and API

• Accounting API: Exposes every function in the platform through a REST API, which is how SoftLedger handles custom integrations and data syncs with other business systems.
• MCP Server: Connects AI assistants such as Claude and ChatGPT to the ledger to pull trial balances, invoices, and cash positions. Read-only unless an admin grants further access.
• Embedded Accounting: SoftLedger financials and accounting can be embedded into other 3rd party platforms.

SoftLedger Pricing

SoftLedger requires a custom quote based on the required features and user count. Plans start at $13,500 per year and include 3 users, unlimited entities, and the core accounting modules. Additional entities are included, so adding a new subsidiary, fund, or project company does not increase costs.

Several SoftLedger features are sold separately:

• Accounting API access
• Digital assets and cryptocurrency accounting
• Analytics and dashboarding
• Additional users