LedgerLite

LedgerLite

15 Review(s)

Overview

LedgerLite helps businesses efficiently manage finances with robust accounting features. While the tool can have more report customization options, its real-time financial reporting and automated bank feeds offer clarity to the users. The tool is ideal for busy corporations and accountants seeking to simplify their financial management.

Overall Rating

Based on 15 users reviews

4.9

Rating Distribution

Positive

100%

Neutral

0%

Negative

0%

Starting Price
Custom

LedgerLite Specifications

Financial Reporting

Bank Reconciliation

Tax Management

Audit Trails

View All Specifications

What Is LedgerLite?

LedgerLite is an accounting software designed to simplify financial management and reporting for businesses. By providing features such as bank reconciliation, the platform helps streamline a company’s bookkeeping process, ensuring accuracy and saving valuable time. LedgerLite software is ideal for small and medium-sized businesses, helping them maintain financial clarity, reduce manual errors, and simplify compliance requirements. The tool also supports multiple currencies, making it effective for different regions and needs.

LedgerLite Pricing

LedgerLite price is $149.00/entity (one-time). Request a personalized LedgerLite pricing quote for your organization today.

Disclaimer: The pricing is subject to change.

LedgerLite Integrations

Information about third-party integrations has not been specified by the vendor. Book a free LedgerLite demo to explore the software in detail.

Who Is LedgerLite For?

LedgerLite is ideal for the following sectors and industries:

  • Retail
  • Manufacturing
  • Real estate
  • Agriculture
  • Non-profit

Is LedgerLite Right For You?

If you are a small or medium-sized business seeking a straightforward accounting solution, then LedgerLite might be the right choice. Its core features, including automatic tax calculations, provide a streamlined way to manage your finances. The software's focus on essential accounting functions, along with its simplified interface, has won it numerous awards, such as the GoodFirms “Top Accounting Software.”

Still doubtful if LedgerLite software is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.

LedgerLite Features

LedgerLite’s bank reconciliation feature automatically matches bank statements with your accounting records. It identifies discrepancies and outstanding transactions, providing a clear overview of your financial status. This process enhances accuracy, prevents fraud, and helps ensure your business’s books are always balanced and up-to-date.

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The tool helps businesses track and manage their fixed assets. It allows for the maintenance of an asset list to record depreciation expenses. It also enables users to apply depreciation automatically using either the declining balance (DB) or straight-line (SL) method, helping to ensure the book value of assets is accurately reflected on the balance sheet.

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LedgerLite simplifies the setup process by automatically creating a database when the program is first run. This feature eliminates the need for manual configuration of a database, allowing users to start working with the software immediately without going through elaborate steps.

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This feature offers optional high-level data encryption with password protection to secure users’ database. It prevents unauthorized access to sensitive financial data, helping businesses avoid any major financial and legal problems in the future.

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LedgerLite offers key functionalities for managing various account types, including savings, checking, and retirement accounts. This provides institutions with the necessary tools to make informed decisions and efficiently serve their customers' needs.

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Pros And Cons of LedgerLite

Pros

  • The tool is very easy to install and use for daily accounting needs

  • Highly responsive and helpful customer support

  • The tool receives active updates to keep its functionality robust

Cons

  • Limited file formats are allowed for exporting data

  • Using the trial balance feature can be a bit confusing

LedgerLite Reviews

Total 15 reviews

4.9

All reviews are from verified customers

Rating Distribution

5

Stars

87%

4

Stars

13%

3

Stars

0%

2

Stars

0%

1

Stars

0%

Share your experience

CC

Classictile C.

Not Specified, N/A employees

Less than 6 months

5.0
June 2023

Easy to manage tasks

Pros

The double-entry bookkeeping system is easy to understand and works efficiently for managing accounts. It keeps everything accurate and organized, which makes my accounting tasks simpler.

Cons

Keyboard shortcuts for journal entries would save time and make the process smoother. It would keep me from clicking through multiple menus each time.

Rating Distribution

Ease of use

10

Value for money

10

Customer Support

10

Functionality

9

JK

James K.

Not Specified, N/A employees

More than a year

5.0
September 2020

Simple and effective software

Pros

For a one-time, very reasonable payment, I got a powerful double-entry accounting system with a simple interface. As a CPA with 30+ years of experience, I've tried many tools, but LedgerLite impressed me because I could start right away and create all the reports I needed. Importing/exporting CSV files works well with other tools. At first, the trial balance report confused me, but I sent a request and they fixed it the next day.

Cons

I wish it had more features like bigger programs, but honestly, I like that it stays simple and easy to use.

Rating Distribution

Ease of use

10

Value for money

9

Customer Support

10

Functionality

9

SR

Shanaka R.

Not Specified, N/A employees

More than a year

5.0
March 2018

Good experience, easy and reliable

Pros

It's easy to use, and I can correct mistakes without any trouble. I trust it with my data, and it feels secure. The software is flexible for reports, and I can easily convert data into Excel. I've managed a foreign-funded project with it for three years and love being able to create a custom chart of accounts.

Cons

The trial balance can be confusing. When I pick a period, it shows the full balance from the start instead of just that timeframe, which makes it tricky. I wish it gave balances for specific dates more accurately.

Rating Distribution

Ease of use

10

Value for money

8

Customer Support

10

Functionality

9

Frequently Asked Questions

LedgerLite does not reveal information regarding its API.

LedgerLite offers support via email and live chat.

LedgerLite does not offer a dedicated mobile app.

Typical users include retail, manufacturing, real estate, agriculture, and non-profit industries.

LedgerLite charges the users one-time at $149.00/entity. Receive a tailor-made LedgerLite cost estimate specific to your organization.

LedgerLite supports the English language.

The vendor has not provided details about third-party integrations for this software.