Best Financial Reporting Software for Businesses in 2023
Best financial reporting software solutions are CaptainBiz, Sage Intacct, Xero, Workiva, Prophix Software, and TrapAccounting. These software solutions exhibit a wide range of features that handles the digital management of accounting and financial reporting.
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List of 20 Best Financial Reporting Software
Category Champions | 2023
Online Accounting Software for Growing Businesses
Simple, easy-to-use business accounting system to help you manage your accounts online. You can download 14 days free trial of Zoho books. Zoho Books is an easy-to-use, online accounting software for small businesses to manage their finances and stay on top of their cash flow. Read Zoho Books Reviews
Starting Price: Starting Price: $10.4 Organisation/Month Billed Annually
Recent Review
"Zoho Bookings Schedule Good Timming" - JADAV PRAVIN
Airbase transforms the way small to midsize businesses think about spending money. It’s the only spend management platform to truly consolidate automated accounts payable, a corporate card program, and reimbursements. Read Airbase Reviews
Starting Price: Available on Request
Recent Review
"User friendly platform and has the potential to simplify and automate financial processes." - Rad TM
NetSuite, #1 cloud ERP, is an all-in-one cloud business management solution that helps more than 29,000 organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance. Read Oracle NetSuite Reviews
Starting Price: Available on Request
Recent Review
"Great ERP solution for businesses of all sizes" - Parshwa Bhavsar
| Pros | Cons |
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user friendly powerful |
none |
Category Champions | 2023
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TallyPrime is one of the leading business management solutions in the world, known for its accounting, stock control, reporting and payroll features. With TallyPrime, you don’t need to pay extra for additional features, which makes it affordable for small and medium businesses. It is used by 2 million businesses worldwide. Read TallyPrime Reviews
Starting Price: Available on Request
Recent Review
"Very best softare in my view but some measure have to be taken in order make it perfect ." - Arpit mishra
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It's simple to operate on Tally and it's effective on daily basis use. |
my experience of over two years, I didn't dislike anything. |
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It helps you manage accounting & payroll. |
It is Not User-Friendly. |
Vyapar is a GST-compatible invoicing and accounting solution for small businesses. You can use it to create GST bills, fulfill orders, generate GSTR reports, track payments/expenses, and manage your inventory. Besides, you can use it to customize invoices and collect payments online. Read Vyapar Reviews
Starting Price: Starting Price: $39.99 Device/Year
Recent Review
"Review for Vyapar" - Junaid Ahmad
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Some additional pros of using accounting software for small businesses include:It can automate repetitive tasks such as invoicing, payments, and reconciling bank statements.It can provide real-time visibility into financial performance, allowing you to make more informed business decisions.It can help you stay compliant with tax laws and regulations by generating the necessary reports and forms.It can also integrate with other software such as point-of-sale systems, making it easy to track inventory and manage customer information.It can save time and increase efficiency by streamlining financial processes and reducing the need for manual data entry. |
It has a learning curve and the initial learning process may take some time, but this may not be an issue for experienced accountants |
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Experts say |
Skills Development |
Contenders | 2023
The World’s #1 Cloud Professional Services
Oracle NetSuite OpenAir is the world's #1 cloud PSA solution, running all your service delivery and project management processes on a single, real-time platform in the cloud. Read Oracle NetSuite OpenAir Reviews
Starting Price: Available on Request
Recent Review
"User-friendly Tool for project management" - Vipul Mishra
| Pros | Cons |
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A fairly basic user interface makes it easy to use for all users. Tracking even the simplest job for reporting purposes is possible. |
There are just a few options for reporting timesheets. He or she might be more strong in their approach. |
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The customise options |
The UI interface could be better |
Category Champions | 2023
Xero is award-winning web-based accounting software for small business owners and their accountants. It is beautifully designed and easy to use online bookkeeping for expense management. Read Xero Accounting Reviews
Starting Price: Starting Price: $9 Per Month
Recent Review
"A complete solution for the financial management of your company" -
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Among its positive aspects I can say that it is easy to use and that Xero has an intuitive and easy to navigate interface.It is also an online software, which means that it can be accessed from anywhere with an internet connection.It also integrates with a variety of complementary applications and services, allowing you to automate accounting tasks and improve efficiency.It also allows you to generate accurate and up-to-date financial reports in real time. |
can be more expensive than some other online accounting software.does not have full inventory accounting handling for businesses with a large volume of inventory. |
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user friendly powerful |
none |
Category Champions | 2023
Sage offers a complete desktop accounting software that helps you spend less time managing your accounts and more time developing your business. With its easy to use interface, Sage 50cloud Accounting has aided small businesses and entrepreneurs to operate efficiently and effectively. Special Offer: 40% off Sage 50cloud annual subscriptions | Coupon Code: D-1929-0020. Read Sage 50cloud Reviews
Starting Price: Starting Price: $50.58 Per Month
Recent Review
"Excellent service" - Lynne Smit
| Pros | Cons |
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It is easy to use. |
It should accommodate other languages like Afrikaans. |
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User Interface and ease of usage |
Stable version of applications |
Category Champions | 2023
Visitor, Society & Accounting Management System
Experience world-class technology that is built to make your community living more convenient and more secure. It’s easy to use, available in all local languages and made for all! Read NoBrokerHood Reviews
Starting Price: Available on Request
| Pros | Cons |
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Na |
Na |
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product has become non usable in the past one year due to lack of any support from concerned representatives. Management does not check up with our RWA whether their representatives are giving any support to the RWAs having the Nobrokerhood system. The person who signed he nobrokerhood agreement has resigned so our RWA B5&6, Block B, vasant kunj is unable to connect to the person in his place due to the lack of his contact number. |
There should be a mechanism to take our problems with the company representatives which is not available at present. The customer care number 0-92417-00000 is of no use as grievances are just heard without any follow up action. Ivr system is not funtioning.from the time of starting of no broker hood service. visitor message does not appear in the mobiles of residents concerned. |
Category Champions | 2023
Sage Intacct is a cloud-based financial statement solution designed for small and mid-sized businesses. This robust and innovative software automates critical finance and accounting processes besides providing users with real-time financial insights. Read Sage Intacct Reviews
Starting Price: Available on Request
Recent Review
"A tool that seamlessly integrates with other software." - Charleen Ave Gallagher
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Sage Intacct is the tool that has a robust system for managing financial and accounting data that helps improve and monitor expenses. I also like the customization of the reports, this is one of the qualities that helps to know exactly which are the parameters that we need to improve. |
It is a software that has the best tools to work in financial management and control. Sage Intacct has shown that the reports can provide detailed information on financial data for better control, it is also a very simple tool due to its very simple interface to run. |
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Account control is adequate, where we have a record and save costs. Provides expense reports, the entire process with important details. Ease of implementation. Technical support that is helpful for new users. The information it offers about expenses is in real time, nothing better than that. We can have a detailed tracking of expenses. |
Despite only taking a few months since its implementation, I can say that I have not found any flaws in this platform, everything is very innovative and with favorable results. |
Category Champions | 2023
Stayflexi is the Modern Operating System for Hotels and Vacation Rentals, backed by Y Combinator. It helps properties to automate operations and maximize revenues on unsold rooms and amenities with an innovative flexible booking model. Read StayFlexi Reviews
Starting Price: Available on Request
Recent Review
"StayFlexi tools helping in maximizing hotel revenue" - Narayan Gautam
| Pros | Cons |
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Flex Collect for the Post Pay bookings no-show issues. Now we are almost securing 70-80% of that revenue. |
Bulk rate update and multi property user access. |
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Some of the best features that I personally like in Stayflexi are its flexible booking slots, payment management system, self check in and check out, UI design for web booking engine and its support team. I would surely recommend its service. |
Stayflexi has all the features that we were looking for hence no complaints at all. |
Contenders | 2023
Workiva is powerful and intuitive solution for Reporting tool. It is cloud stage that modernizes how individuals function inside a great many associations around the world. Workiva offers controlled joint effort, information coordination, granular authorizations, and a full review trail. Read Workiva Reviews
Starting Price: Available on Request
Recent Review
"A great data management tool" - Sudhir Singh
| Pros | Cons |
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It's ability to send certifications is a unique feature as it helps to complete the governance around a number of documents we maintain for a client to ensure those documents are up to date. |
One of the disadvantages of Workiva is it doesn't let you edit and work on an existing Microsft document. So if you have created a spreadsheet in Microsoft excel and you want to continue with it in Workiva then the same cannot be done. You will have to perhaps create a new spreadsheet in workiva and copy paste the content. |
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Workiva is absolutely value for money as it has excellent features. |
The developers of Workiva Can work on including ore reporting formats |
Category Champions | 2023
Captain Biz is a sales and purchase invoice manage
CaptainBiz is a simple-to-use software solution to manage your business hassle-free. Generate tax invoices, track inventory in real-time, manage customers & suppliers, and monitor cash & bank transactions, all in one place, over PC or mobile. Endorsed by GST govt. of India as an affordable and easy-to-use solution for both GST and non-GST companies. Read CaptainBiz Reviews
Starting Price: Available on Request
Recent Review
"good" - Akshay
| Pros | Cons |
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its time efficient work |
nothing |
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I can manage my 2 shops in same software, everything in single software like finacne and inventory, good speed |
It will be good if you can bring feature like Online store , |
Category Champions | 2023
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Founded in 2008, Acumatica is a future-proof Cloud ERP solution for managing the complexities of distribution such as purchasing, ordering, tracking inventory, filling orders, and delivering customer support. Read Acumatica Reviews
Starting Price: Available on Request
Recent Review
"Great solution to integrate data from multiple sources" - Maria agustina
| Pros | Cons |
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It is a great platform adaptable for rapid integration. Has modern workflows and boost transparency across the organization |
It user friendly interface helps to easily integrate and obtain better results. I think there is nothing to improve, has great features and artificial intelligence that allows you to work on the go. |
Contenders | 2023
TrapAccounting, an accounting software which includes accounting, inventory management, and financial management primarily. It is based on multi-user, multi-branches and more than one company can be operated. Read TrapAccounting Reviews
Starting Price: Available on Request
Recent Review
"Good Software. Price is reasonable." - MAlik
| Pros | Cons |
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Easy to use |
NA |
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Good functions and customization |
It can be enhanced whle bringing more functions. |
Contenders | 2023
GL Wand- for Oracle & SAP is a fully featured Financial Reporting Software designed to serve Enterprises, SMEs. GL Wand- for Oracle & SAP provides end-to-end solutions designed for Windows. This online Financial Reporting system offers Forecasting, Cash Management, Profit / Loss Statement, Multi-Company, General Ledger at one place. Read excel4apps Reviews
Starting Price: Available on Request
Category Champions | 2023
Synoptix is an excellent reporting software for every business. The software offers various features like data source connectors, drag & drop, drill down, financial reports, forecasting, etc. Alongside, there is mobile support given by the vendor. Read Synoptix Reviews
Starting Price: Available on Request
Recent Review
"good software to give the necessary financial tools to create and customize ERP reports and the ability to import already existing spreadsheets." - Avani Malviya
| Pros | Cons |
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Has a lot of flexibility It is customizable Provides a single pane of glass for all accounting and GL reporting. Easy to pull reports in a simple manner. Fairly easy to train new employees on how to pull the information needed for their day to day jobs. |
It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install. The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates. The interface is a bit archaic. It looks more like a program from 20 years ago than one used today. |
Category Champions | 2023
Profitbase is a Norwegian financial software company that creates flexible enterprise performance management (EPM) tools to help you gain valuable insights and make better decisions faster. Our tailor-made digital solutions increase the accuracy, speed, and efficiency of financial planning, execution, and analysis of business data. Read Profitbase Reviews
Starting Price: Available on Request
Recent Review
"great software for financial planning! " - Benedicte Paulsen
| Pros | Cons |
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The possibility to get custom functionality in addition to the standard features. |
We got everything we needed - we are pleased. |
Streamline Your Business Processes with FirstBit E
End-to-End Cloud ERP tailored for trading/ distribution business in the UAE: Real-time reports anytime anywhere. Inventory tracking and analysis. Stock aging, inventory SKUs, serial numbers, expiry dates, and many more. Mobile app, approvals, collaboration chats. Read FirstBit ERP Distribution & Trading Reviews
Starting Price: Starting Price: $70 User/Month
Recent Review
"18 Months of use" - Simphiwe Gumede
| Pros | Cons |
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customization and after sale service |
POS window, current one is perfect |
Emergents | 2023
Budgeting, Forecasting and Reporting Solutions
When it comes to decide budget for your business, time is of the essence. Can you afford your financial department to spend precious hours chasing down the budget information, while they should spend their time on the more valuable task of financial analysis instead? Learn more about IDU-Concept
Starting Price: Starting Price: $95 User/Month