SoftLedger Reviews

“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.

“Great accounting package for a small, global business.

Pros

I love how easily I can convert FX transactions and consolidate across different entities. Uploading journal entries with Excel was also very simple.

Cons

The AP and AR reports are pretty basic. It would be much better if there was more flexibility in how you can build reports.

“Softledger - One of the most flexible ledgers I have used

Pros

SoftLedger is very easy to navigate and use and its one of the most flexible general ledgers I have worked with. The report functionality is great as it allows me to fully customize reports.

Cons

There are some missing features that would be really helpful like being able to allocate costs across different cost centers and automated depreciation calculations or postings.

“Great Product- Better Service

Pros

The product itself is amazing but what I like the most is how responsive the team is. Anytime I have a question, issue or suggestion, they get back to me almost instantly.

Cons

I am not sure if this is a feature I have not found yet but having the ability to clone products or documents would be great.

“Very User Friendly Accounting Software with amazing Customer Support team

Pros

It is very user friendly. When switching from another accounting system, the bulk upload function makes posting large batches of entries easy. Our team encountered a few issues while learning the system but customer support was always available and really helpful. They even offered calls to discuss larger issues and helped us plan how to best use the system.

Cons

One thing thats a bit frustrating is how the system handles opening and closing accounting periods. If you need to make adjustments for past periods you have to manually open each module for each month (6 per month) and then manually close them again. There is no way to open an entire year at once. Also, you can only post up to 100 journal entries at a time so when dealing with thousands of entries, it is very time consuming to manually click through each batch.

“Easy to use, no frills software for managing procurement, accounting, and inventory management.

Pros

Software is easy to use. It took us less than 5% of the time to understand and implement SoftLedger compared to when we implemented and trained for SAP and Microsoft AX. We also love how customizable it is without the limitations we found in other software. With SAP and Microsoft AX we had to modify our sourcing processes to fit their systems. But with SoftLedger, we could easily customize it to maximize our efficiency.

Cons

I have no issues. Its very easy to use and can be as simple or complex as the user needs it to be.

“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.

“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.

“Review for Crypto trading entries

Pros

I find it very easy to use especially how pricing information is imported into the system. It makes entering my trades as they happen fairly simple.

Cons

It would be nice to have better tax reporting features. Last year, while doing my taxes, I could not just run a gain/loss report and had to calculate everything manually, including the cost basis. Automating this would be a big help. In trading fees are not tax-deductible but are added to the cost basis. It would save time if that were automated since I currently do not bother because its too time consuming to add fees manually.

“Cryptocurrency ERP Solution

Pros

It offers automated cryptocurrency costing from major exchanges which is great. It also has many other useful features. I highly recommend it.

Cons

well cryptocurrency costing module only supports a single currency which is not great.

“SoftLedger - The Future Is Here!

Pros

It is an amazing financial management platform. The financial industry has long needed a product like this, built for modern times. From real estate to cryptocurrency, SoftLedger covers accounting and asset management processes perfectly!

Cons

In the start it can feel overwhelming using such a powerful system but that quickly changes as you get familiar with it. I am very satisfied with SoftLedgers overall performance!

“Fast, easy to operate and to manager! It is absolutely affordable and reliable!

Pros

SoftLedger is the best system we found in the market. It allows us to work with various accounting models across multiple corporations in different countries. Generating reports and consolidating financial accounts is easy. Also it is user-friendly, flexible and allows us to create customized accounting solutions freely.

Cons

It does not support multiple currencies and occasionally it runs slow though I am not sure if thats due to SoftLedger or my internet connection.

“Great accounting software for a great price!

Pros

QuickBooks was sufficient for us for a while but when we started seeking better financial reporting options, it felt like we did not have many alternatives. SoftLedger turned out to be exactly what we needed and we are very happy we upgraded.

Cons

The automated bank feed did not originally support our local bank but that issue was quickly resolved after we submitted a request.

“Great accounting software!

Pros

It has allowed us to move away from QuickBooks and Excel, streamlining our accounting process. We now spend much less time closing the books each month and can produce more detailed reports for investors.

Cons

It took about two weeks to fully transition and get everything up and running but I feel that would have been the case with any option we chose.

“Well-designed product, allows for efficient transition between historical and prospective analysis.

Pros

My main focus is on the companys forecasting process and SoftLedgers great features have greatly improved our ability to deliver variance analysis and key metrics to senior leadership in a timely manner.

Cons

So far, I have no negative feedback. The design is excellent and the ease of use has made it widely accepted by the entire team.