Last Updated
Overview
SoftLedger simplifies the accounting process for businesses, improving both efficiency and accuracy in financial management. Although some users have requested greater flexibility in report creation, SoftLedger offers fully customizable features that support multiple digital assets and currencies, ensuring flexibility.
Overall Rating
Based on 15 users reviews
4.7
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
SoftLedger Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What Is SoftLedger?
SoftLedger is cloud-based accounting software designed for small and medium enterprises. It provides powerful tools for managing finances, such as real-time financial reporting, multi-entity accounting, and managing cryptocurrency assets. The software makes business management easier for accounting firms by offering a developer platform that allows for customization and additional accounting functionality.
What Is SoftLedger Best For?
SoftLedger software offers powerful crypto accounting software that allows businesses to automate all their cryptocurrency transactions. It is ideal for businesses working to manage digital assets like Bitcoin and Ethereum. The software offers features for importing data from exchanges, managing multiple currencies, tracking gains and losses, and providing real-time financial reports to global teams. The software’s versatile crypto asset management tool allows users to seamlessly integrate their crypto transactions into their financials.
SoftLedger Pricing
The software offers three flexible pricing tiers:
- Standard: $750/month
- Enterprise: $975/month
- Enterprise With Asset Management: $1375/month
Disclaimer: The pricing is subject to change.
SoftLedger Integrations
SoftLedger integrates with a variety of third-party applications, including:
- Expensify
- ApproveIt
- QuickBooks Online
- Cratoflow
How Does SoftLedger Work?
After logging in, users can navigate the SoftLedger platform using the following steps:
- Access the intuitive dashboard to get an overview of financial data and performance
- Navigate to the 'Reports' section to create up-to-date financial statements and insights instead of following the manual processes
- Access and review accounts and transactions through the 'Transactions Portal'
- Set up custom workflows to automate routine tasks and approvals
- Link accounts using the 'Bank Integration Tool' for automatic transaction imports
- Assign user roles and permissions to control access for different
Who Is SoftLedger For?
The software provides benefits to a wide range of industries and sectors, including:
- Venture capital
- Cryptocurrency
- Financial services
- Franchises
- Software developers
- Manufacturing
- Global teams
Is SoftLedger Right For You?
SoftLedger is cloud accounting software designed to help businesses combine multiple entities using multiple currencies and digital assets. This software is ideal for financial firms that need more than just bookkeeping. It provides real-time visibility into gains, losses, and asset balances, allowing you to manage your business more effectively while eliminating manual processes.
If you’re still confused and need more guidance on the software, contact our customer support team at (661) 384-7070, and we’ll help you make the right choice.
SoftLedger Features
Financial Reporting
The software allows organizations to access real-time financial data directly from their financial system, ensuring timely decision-making. It supports customizable reports, automates financial consolidation, and generates reports across various dimensions, such as cost centers and products. The platform also features a 'Custom Financial Report Editor', enabling users to create tailored reports by utilizing existing records or building new ones from scratch.
General Ledger
The general ledger feature enables flexibility and ease of use, seamlessly adapting to your business needs without the need for extensive customization. The platform is highly customizable, allowing businesses to tailor the general ledger to their specific requirements without a lengthy implementation process. This cloud-based solution allows you to track financial transactions and generate detailed reports in real-time.
Multi-Entry
SoftLedger's multi-entity accounting feature allows users to consolidate multiple business units, such as companies, properties, and investments, in real time. Users can efficiently manage global operations by ensuring all entities are integrated into the same system, which enhances visibility and control over financial data. The platform allows companies to consolidate multiple entities, including nested entities, making it ideal for managing complex financial structures.
Account Payable Automation
With this feature, SoftLedger streamlines business management. It simplifies your workload by setting up multiple approval stages and streamlining payment authorization. With SoftLedger’s accounts payable automation, you can simplify tasks like managing multiple approval steps, importing invoices quickly and easily, and making integrated payments through SoftLedger Pay.
Pros And Cons of SoftLedger
Pros
Quick and easy journal entry uploads via Excel
User-friendly interface with fast response time
Effortless FX transaction conversion and consolidation
Cons
Limited cryptocurrency module to one currency
SoftLedger Reviews
Total 15 reviews
4.7
All reviews are from verified customers
Rating Distribution
5
Stars73%
4
Stars27%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Accounting, 1-10 employees
Less than 6 months
“Good features and works smoothly, but not worth the cost”
Pros
The way SoftLedger tracks cryptocurrency cost basis is excellent.
Cons
They do not have many apps that sync with this software. The pricing structure does not make much sense to me like 5 organizations but only 3 users? It feels like the hotdog-bun situation. Plus the cost for adding extra users is way too high and you are forced to purchase for 5 organizations.
Rating Distribution
Ease of use
8
Value for money
3
Customer Support
7
Functionality
7
Financial Services, 1-10 employees
Less than a year
“Great software for the cost”
Pros
This helps us consolidate our multiple businesses which gives us a clear view of our global operations. SoftLedger is an excellent tool for a family office, easy to use and very affordable!
Cons
It takes a few weeks to get used to the system but once you do, it is really easy to navigate.
Rating Distribution
Ease of use
9
Value for money
10
Customer Support
10
Functionality
10
Oil & Energy, 51-100 employees
Less than a year
“Cloud Solution”
Pros
We needed a cloud based accounting package that could be accessed by various personnel across the state with read-only access. The conversion process was fairly simple and SoftLedgers support team was there to assist throughout.
Cons
We did experience a bit of a learning curve when using the product, mostly because its different from the system we migrated from.
Rating Distribution
Ease of use
8
Value for money
10
Customer Support
8
Functionality
10
Frequently Asked Questions
Does SoftLedger offer an API?
Yes, SoftLedger provides API access.
What language does SoftLedger support?
The software supports the English language.
What other apps does SoftLedger integrate with?
SoftLedger integrates with ApproveIt, Expensify, QuickBooks Online, and Cratoflow.
What types of pricing plans does SoftLedger offer?
The software offers three flexible pricing tiers: Standard at $750/month, Enterprise at $975/month, and Enterprise with Digital Asset at $1375/month. Request a customized SoftLedger cost quote from us.
Who are the typical users of SoftLedger?
SoftLedger features can be utilized by various sectors and businesses that include venture capital, software developers, financial services, and manufacturing.
What level of support does SoftLedger offer?
The software offers support through forms, email, and a knowledge base.