10 Best SaaS Accounting Software Solutions for 2025

Receivables and Treasury cloud software, powered by AI to optimize working capital. Third, as we just mentioned, you may eventually need to “upgrade” to an enterprise level system as you get ready to go public. The path from QBO to enterprise system is well understood, and most major ERPs can more or less deal with incoming data form QBO.

• And we recommend a recurring budget vs actuals exercise, where you compare recent results with projections to understand how you are performing vs expectations.
• That’s why we built Maxio—Maxio makes it easy for finance and accounting teams to recognize complex revenue, generate financial reports, and view SaaS metrics and analytics dashboards all in one place.
• The platform’s comprehensive features make it ideal for businesses looking to optimize their IT infrastructure and improve uptime.
• You don’t want software that lacks accounting features for your business type.
• At a high level, working capital is the difference between a company recognizes and expense or revenue and when it pays/collects the cash.

Company

This provides a much fuller financial picture, laying the groundwork for effective strategic planning as you approach your IPO. Sage’s software bundle, Sage for SaaS and Technology, can help your startup eliminate growing pains by scaling right along with you. Billing workflows are a common source of startup growing pains for this reason, as is ASC 606 compliance. FastSpring is more than just software for some aspects of accounting — we’re your Merchant of Record.

• It automates revenue recognition processes, ensuring compliance with ASC 606 and IFRS 15.
• If you’re ready to work with the top SaaS accountants in Silicon Valley (and beyond), reach out to us.
• It’s known for its strong inventory management features, a great mobile app, invoice customization, and assisted bookkeeping feature–QuickBooks Live.
• NetSuite has modules or “Suites” that include finance and accounting, forecasting, inventory management, “OneWorld” for global multientity businesses, and other functions.
• In fiscal year 2024, Microsoft saw substantial growth in its SaaS offerings, leading to an increase in revenue by $8.5 billion2, or 12%, from 2023.
• Businesses use Claude for customer service, virtual assistants, and other AI-driven tools.
• You can also offer a self-serve portal where customers can generate their own quotes or invoices based on items in their cart.

Reporting

It’s advised to expense software development costs rather than capitalize them in a SaaS income statement. Annual Recurring Revenue (ARR) indicates the scale of a SaaS business and tracks its growth over time. It is calculated by multiplying the MRR by twelve, providing a long-term view of revenue stability and growth. Proper revenue recognition practices are crucial to avoid misstatements in ARR, which can lead to management errors and misinformed business decisions. The cash flow statement reconciles the balance sheet and income statement, providing a comprehensive view of financial health. It tracks the liquidity of a business, assessing operational efficiency and ensuring that the company can meet its financial obligations.

Customer Success Stories

Each of these platforms has its own set of strengths, and the ideal choice will depend on the specific requirements and preferences of the business. Sunrise by Lendio is a complete accounting solution that’s powerful, yet easy to use. The online software provides top-tier bookkeeping tools and gives you the ability to manage your expenses, track cash flow, and gain direct access to business capital through Lendio. Sage Intacct supports over 500 subscription billing scenarios, including usage-based, tiered, and hybrid models.

Best for Overall SaaS accounting software

From sending invoices and receiving payments to categorizing expenses, it offers all the key features your business needs to keep running smoothly. AI-driven solutions enable you to concentrate on expansion without being distracted by accounting hassles, regardless of your organisation’s size. The key to choosing the best SaaS accounting software in 2025 lies in understanding your unique needs. Regardless of where you stand, investing in the right tool today can save you time, money, and stress tomorrow. ProfitWell is specifically made for SaaS companies and concentrates on churn reduction and subscription metrics. It is perfect for both startups and large corporations, providing useful information about revenue and customer retention to maximise growth tactics.

• While the system generates draft financials, it lets you focus on exceptions, errors, and an amazing month end review with your clients focused on insights and analysis to improve their business.
• I believe they were acquired, I have to confirm that, but they had a good exit, but it wasn’t quite as powerful as QuickBooks.
• Xero is a superb choice for small to medium-sized SaaS companies seeking an intuitive, cloud-based accounting solution.
• Just look at the speed at which artificial intelligence has been adopted across industries in the past year.
• In cash based accounting, you’d recognize $120,000 in revenue in January.

Accounting software enabling small business owners in the UK to do their own bookkeeping. Capitalise is a London-based provider of white label solutions for automatic monitoring and execution of investors trading strategies. Openbravo is a platform offering open source business management applications founded in 2006 by Name. Stampli is a interactive invoice management and accounts payable software tool. Service offering AI-powered accounting and bookkeeping for https://ecommercefastlane.com/accounting-services-for-startups/ property and asset managers. You can read our article on if an upgrade to an ERP system from your accounting software makes sense.

What do customers dislike about Quickbooks?

What makes it stand out is how it simplifies the process of data entry, revenue recognition, and subscription billing, making it a go-to solution for automating complex accounting workflows. Apart from accounting software, users have been loving its free version of payments and banking. So, if you don’t want to spend much at the moment and just test the waters with Quickbooks, then its new USP i.e. QuickBooks Money offers banking and accounting for startups payments with no subscription fees.