SoftLedger Reviews

SoftLedger is the best system that we found in the market. It allowed us to work with many accounting models of many corporations in a variety of countries. It is easy to generate reports and consolidate the financial accountings perfectly. It is simple to access and to operate. It is flexible and absolutely free to create a tailor made accounting.

It is not a multi-currency system. Rarely it is slow! But it happens. I cannot assure if it is SoftLedger or my internet access.

Thanks Ronaldo! We greatly appreciate the feedback. Ben

How easy it is to use. It took us less than 5% the time understand and implement Soft Ledger than it took us to implement and train for SAP and Microsoft AX. We also love how it is customizable and doesn't have the barriers that other softwares had. With SAP/Microsoft AX, we had to adjust our procurement policies and procedures just to fit in with their systems. With Soft Ledger we were able to very easily customize it so that we could maximize efficiency.

Nothing. Is is very easy to use and can be as simple or as heavy of a tool as the user would like it to be.

The cryptocurrency cost basis tracking is great.

They don't have many apps that will sync with this. Their pricing doesn't make sense... 5 organization and only 3 users?? It's like the hotdog-bun scenario. The cost for extra users is ridiculous and you HAVE to purchase 5 organization.

The ability to easily convert fx transaction and consolidate across various entities. Also journal entry upload with excel was super easy.

The AP and AR reports are really bare. More flexibility in report building would be much better.

The Softledger accounting system is extremely user-friendly. For users switching from one accounting system to Softledger, the bulk upload function allows for large batches of entries to be posted. In addition, there were several times where our team ran into user issues while learning the system. The customer support team is always available and very helpful for a variety of issues. The team is even available for calls to discuss broader issues and assist with planning the scope and use of the accounting system.

The one feature that proved cumbersome is the opening and closing of accounting periods. If you need to go back to prior periods for adjusting entries, you have to manually open each module (6 in each month) for each month and then manually reclose each as well. There is no capability to open a full year at once. Also, you can only post journal entries at most 100 at a time. For bulk uploads with thousands of entries, this makes it very time consuming to manually click each group of entries to post.

Automated Cryptocurrency Costing from major exchanges.

The cyrptocurrency costing module is limited to one currency

Thanks for your feedback! We're always looking to add more features. While we do handle all cryptocurrencies, we'll consider whether or not we can add multiple fiat costing and reporting currencies per account as well. Ben

The product is fantastic, however, the best part is how communicative the team is. When I have a question, issue, or suggestion they are in contact almost immediately.

This might be a feature that I don't know but ability to clone products or different docs.

The ease of use and the way that pricing information is ported into the system, it allows me to easily enter my trades as they occur.

It would be better if you could run reports for tax purposes. I remember doing my taxes from last year, I could not just run a gain/loss report. I had to to calculated the gain and loss and the overall cost basis myself. It would be better if this was automated. Also in trading, your fees are not a write-off, but instead they are added to your cost basis. This would be a helpful feature to add for traders, because I just eat those costs now because it is too time consuming to add the fees to my basis manually

It is easy to navigate and use and is one of the most flexible general ledgers I have ever used. I love the report functionality which allows me to customise reports.

There are currently some features not available that would be super useful, such as allocation of costs across cost centers and automated depreciation calculations/postings

SoftLedger allows us to consolidate our many different businesses to see our global picture. It is a great software for a family office. It is also simple to use and a great price!

Takes a few weeks to get used to the new system but it is very easy to navigate.

We needed an accounting package that existed on the cloud and was accessible by various company personnel across the state with read only access. Conversion was relatively easy and the support staff of SoftLedger were there to help.

There was a learning curve factor in our use of the product because it was different than the old system we migrated from.

SoftLedger is an amazing financial management platform. It's been a long time coming that the financial industry has been needing such an amazing product built for our current times. From real estate to cryptocurrencies, processes for accounting and managing assets are covered by SoftLedger!

It can be a bit overwhelming at first to work with such a powerhouse. But this feeling quickly fades with familiarity of the platform growing quickly on you! Extremely happy with the overall performance of SoftLedger!

Thanks Veronica!

SoftLedger has allowed us to move off of Quickbooks/Excel and streamline our accounting process. We now spend significantly less time closing the books each month and have better reports to provide investors.

There was a two week transition period to get up and running, but I think it'd be at least that long with any of our options.

Quickbooks was working ok for us for awhile and when we started looking into better financial reporting solutions, it initially seemed like we didn't have other options. SoftLedger is exactly what we needed. We're very pleased with our decision to upgrade.

Previously the automated bank feed didn't support our local bank, but that was resolved quickly after we put in the request.

My focus is primarily on our company's forecasting process. SoftLedger's robust functionality has significantly improved our ability to provide variance analysis and key metrics to senior leadership on a timely basis.

At this point I do not have any negative feedback for this product. Great design and ease of use has led to acceptance from the entire team.