Campfire Accounting
A modern cloud-based accounting and revenue management platform for startup and mid-market tech companies.
Product Overview
Campfire is a new and modern accounting and revenue automation software built for startups to midsize tech companies and accounting firms. The system centralizes data from multiple sources to make the monthly close process more efficient.
It offers configurable APIs for its core accounting features, which include a general ledger, financial reporting, account reconciliation, and the Campfire AI assistant. Also, its revenue automation platform includes recognition and invoicing to better manage income.
Pros
- Modern interface built for the tech industry
- Integrates with leading platforms through its APIs
- Multi-entity and currency support
Cons
- Does not publicly disclose pricing
Target Market
From startups to midmarket tech companies. It’s also suited to small to midmarket accounting firms.Not Recommended For
Larger companies outside of the tech industry that need a full ERP.About Campfire
Campfire is a new accounting software vendor that offers two main products: core accounting and revenue management. They can be purchased individually or together as one integrated system. The company is a Y-Combinator startup that received $3.5 million in seed funding back in May 2024. Its goal is to be a modern competitor to accounting systems like QuickBooks Online and Xero, as well as traditional ERPs like NetSuite.
It’s built specifically for small to midsize tech companies looking to automate their accounting and revenue processes. Through its customizable APIs, businesses can integrate Campfire with their existing tools, like CRM and payroll.
Core Accounting Key Features
- General Ledger: Includes a fully customizable chart of accounts, and journal entries and AR/AP sub-ledgers to maintain GAAP compliance.
- Account Reconciliation: Integrate your bank and corporate credit cards to reconcile accounts automatically.
- Treasury Management: View real time bank and credit card data for better control over your cash flow.
- Audit-Readiness: Offers built-in audit trails and internal controls.
- Financial Reporting: Drill down into your financial data to make more informed decisions using pivot tables, custom dimensions, and advanced filtering.
- APIs: Campfire’s APIs are designed to be flexible to meet your needs. They provide various endpoints for different functions, and offers wrappers in multiple programming languages.
Revenue Management Key Features
- Revenue Recognition: Automatically recognizes revenue like deferred revenue and unbilled accounts receivable by customer and contract.
- Invoicing: Create and send invoices to your customers, with automatic invoicing status updates and reconciliation.
- Data consolidation: Use the revenue hub to view data from bank accounts, invoices, and contracts in one place.
Product Overview
Developer Overview
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