How Intacct Stacks Up Against 5 Cloud-based Competitors

1

Sage Intacct

As a Tier II, AICPA-preferred application, Intacct is an excellent choice for smoothly handling complex accounting needs, and it offers businesses the scalability necessary to encourage growth. By contrast, some of the other popular market players are designed for smaller businesses and make it difficult to comply with GAAP standards – a software flaw that many growing, mid-sized companies can't afford to tolerate. Intacct also offers customers an impressive degree of flexibility and a state-of-the-art application programming interface (API) for making customizations that will continue to function with every update that might be applied. To learn more about the pros and cons of Intacct, check out other articles on The Resource Group blog such as this summary of Intacct customer reviews.

#Accounting & Finance #Accounting #Small Business

2

Oracle NetSuite

QuickBooks Online, by Intuit, is also cloud-based accounting software that advertises itself as being ideal for SMBs. However, the reality is that it's mostly designed for smaller businesses with simpler accounting needs; unlike NetSuite and Intacct, QuickBooks Online is not a fully GAAP-compliant solution. For smaller businesses, however, this cloud-based adaptation of on-premises QuickBooks software is a convenient twist on a tried-and-true classic. Intuit's large market share is a major advantage for small business owners who want something simple with decent customer service, a good value, a wide community of knowledgeable users, and enduring popularity. For the most part, mid-sized businesses often grow out of QuickBooks and upgrade to a more flexible, complex system like Intacct, so these two solutions aren't usually considered direct competitors.

#ERP #CRM #Small Business

3

FinancialForce Accounting

Besides Intacct, there are five cloud-based software competitors that also have a relatively large market share: NetSuite, FinancialForce Accounting, Xero, QuickBooks Online, and FreshBooks. Of these, the last three are generally intended for smaller businesses.

#ERP #Accounting & Finance #Accounting

4

QuickBooks Online

QuickBooks Online, by Intuit, is also cloud-based accounting software that advertises itself as being ideal for SMBs. However, the reality is that it's mostly designed for smaller businesses with simpler accounting needs; unlike NetSuite and Intacct, QuickBooks Online is not a fully GAAP-compliant solution. For smaller businesses, however, this cloud-based adaptation of on-premises QuickBooks software is a convenient twist on a tried-and-true classic. Intuit's large market share is a major advantage for small business owners who want something simple with decent customer service, a good value, a wide community of knowledgeable users, and enduring popularity. For the most part, mid-sized businesses often grow out of QuickBooks and upgrade to a more flexible, complex system like Intacct, so these two solutions aren't usually considered direct competitors.

#Accounting #Small Business #Bookkeeping 1 social mentions

5

Xero

Although FreshBooks is a cloud-based, SaaS financial solution, it's intended for a totally different market than Intacct; it is specifically invoicing software, not generalized accounting software. FreshBooks focuses on self-employed people and very small businesses with simple needs who are tired of relying on manual invoicing in Excel or want an alternative to QuickBooks' invoicing functionality. It's designed for people who are doing accounting, but aren't accountants. Because it's invoicing software, FreshBooks can be used in addition to more generalized accounting applications such as QuickBooks Online or Xero. Overall, small, service-based companies are really the ones who might benefit the most from this software.

#Accounting #Small Business #Bookkeeping 1 social mentions

6

FreshBooks

Although FreshBooks is a cloud-based, SaaS financial solution, it's intended for a totally different market than Intacct; it is specifically invoicing software, not generalized accounting software. FreshBooks focuses on self-employed people and very small businesses with simple needs who are tired of relying on manual invoicing in Excel or want an alternative to QuickBooks' invoicing functionality. It's designed for people who are doing accounting, but aren't accountants. Because it's invoicing software, FreshBooks can be used in addition to more generalized accounting applications such as QuickBooks Online or Xero. Overall, small, service-based companies are really the ones who might benefit the most from this software.

#Accounting #Bookkeeping #Small Business 3 social mentions