Businesses are opting to do finances in-house rather than hire an accounting firm. This transition has led to demand for accounting software that can accommodate large-scale enterprises.
Whether a company seeks general ledger accounting software, or wants in-depth inventory counts and billing, several solutions are available today.
The demands for in-house accounting solutions spurred an increase in accounting solutions. While most are capable, some lack the features or budget-friendly price tags that today’s cost-effective enterprise desires.
Today, many companies operate in the cloud, and cloud-based accounting is a must-have for these firms. Three programs offer enterprise-worthy accounting with cloud access: Sage 300, SAP Business, and QuickBooks.
Sage 300 comes from the family of Sage Accounting products. Sage 300c version works in the cloud and is ideal for midsize enterprises. The cost is $75 per month per user. However, a business with one in-house accountant would find that reasonable.
Sage 300 is easy-to-use and offers mid-range accounting capacity. With the enterprise resource planning package added on, it includes better functionality. However, there is limited room for expansion.
What is Great About Sage 300?
What Needs Improvement with Sage 300?
SAP Business One Professional is a cloud-based accounting software with flexibility, features, and user-friendly designs. Some call it “old fashioned” in the presentation, especially for enterprise resource planning. It is complex and requires a learning curve, but works for midsize to large enterprises.
SAP Business One Professional costs $82 per user per month for cloud-based accounting.
What is Great About SAP Business One Professional?
What Needs Improvement?
QuickBooks from Intuit is the leading cloud-based and computer-based accounting software in the nation. In the past, their enterprise solutions have not always been popular among medium to large enterprises. Today, QuickBooks offers their Enterprise version, which includes a one-year single-seat license for $900.
What is Great About the QuickBooks Enterprise Solution?
What Needs Improvement?
All three have their pros and cons. It comes down to the number of users, access points, and budget. A company that does not want to lock into monthly commitments will find the one-time fee of QuickBooks refreshing.
However, with that one-time fee comes restrictions. Monthly versions, like SAP Business One and Sage 300 are easier to scale and offer customized modules.