SoftLedger
1 Review 5/5 ★ ★ ★ ★ ★An financial management and reporting software that supports cryptocurrency accounting and a multidimensional general ledger.
Product Overview
SoftLedger is an accounting software that handles accounts payable and receivable, cash, and financial reporting. It provides support for cryptocurrency accounting and integrates with major cryptocurrency exchanges. SoftLedger also offers real-time inventory tracking across multiple warehouses and consolidated accounting for multi-entity organizations. The software delivers automated cash reconciliation and bank feed processes and can generate detailed financial reports.Pros
- Flexible chart of accounts
- Customizable reporting
- Unique cryptocurrency accounting module
- Inventory tracking across multiple warehouses
- Consolidation of reports across multiple companies
Cons
- Mandatory purchase of five organizations
- Requires developer skills for customization
- No mobile app
- No phone support
- Limitations in opening a full year at once and posting journal entries
Target Market
Small to medium-sized enterprises that are upgrading from QuickBooks or Xero. These organizations have complex tracking needs like multiple entities, inventory management, foreign currencies, and cryptocurrency accounting.Video Overview
SoftLedger is an accounting and reporting software tailored for quick setup and user-friendliness. The system is geared toward small to medium enterprises with complex tracking needs.
SoftLedger Key Features
- Core Financial Capabilities: Includes general ledger, accounts payable, accounts receivable, and financial reporting.
- Multi-Currency Support: Can handle transactions and reporting in multiple currencies, including cryptocurrencies.
- Configurable Dimensions: Allows companies to set up and manage various dimensions like charts of accounts, locations, entities, customers, vendors, and products.
- Real-Time Reporting: Provides up-to-date financial data and reporting across all modules.
- Integrations: Offers API integration with over 400 business applications, allowing for seamless data flow.
- Automation: Streamlines routine tasks like invoice processing, data entry, and reconciliation.
Starting Price
$750
/month
Price Range
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User Reviews of SoftLedger
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Barnabas Debreczeni
Overall
★★★★★
Finally someone thought of the ever growing market of crypto companies
April 30th, 2020
• Roles: Purchaser & End User
Finally someone thought of the ever growing market of crypto companies! SoftLedger created an outstanding product that can easily handle really complex multi currency crypto transactions without breaking a sweat. Ben and his team always had fast response times and added many features that we needed - sometimes overnight!
