The 7 Best Enterprise Accounting Softwares
We'll reveal to you who an Enterprise Accounting Software is suitable for, what it can do, as well as the advantages and disadvantages of these tools.
- What is an enterprise accounting software?
- What are the most important functions of an enterprise accounting software?
- What costs does enterprise accounting software involve?
- The advantages and disadvantages of enterprise accounting software
- These are the top 7 enterprise accounting software on OMR Reviews
- 1. GetmyInvoice.com
- 2. orgaMax
- sevDesk
- Another invoicing program that you can use as a service provider is
- is a billing program for freelancers. It can support you in various aspects of your company tasks:
- Mittelstand Faktura with Accounting is an accounting software for small and medium-sized companies. DATEV offers, among other things, the following functions:
- With
Writing invoices to customers, regularly completing VAT advance notifications, or keeping a cash book are typical tasks for many self-employed and entrepreneurs. Fortunately, you have competent tools at your disposal. Accounting software helps keep track of income and expenses as well as all other monetary figures. But what if a company's requirements far exceed the standard functions of a accounting software? In this case enterprise accounting software - sometimes also titled corporate accounting software - come into play. So to speak as the bigger siblings of regular accounting tools - which you can also compare on OMR Reviews.
To get a detailed insight into enterprise accounting software we answer some questions for you about the tools and show you the seven best enterprise accounting software on OMR Reviews.
What is an enterprise accounting software?
The keyword “Enterprise” already implies that this type of accounting software is a comprehensive variant. Enterprise accounting software is therefore much more compact when it comes to organizing all financial transactions within and outside a company. For example, enterprise accounting software includes the ability to handle payroll for a large number of employees. A requirement for accounting tools that is very different from small businesses with two to three employees or freelancers, who work alone. To put it bluntly: Enterprise-accounting software are accounting software for large companies.
What are the most important functions of an enterprise accounting software?
The larger a company is, the more tasks arise in accounting. But above all, these to-dos are more time-consuming. The more important it is that enterprise accounting software provide an overview of all finances and make processes efficient, or even automated. If you are currently comparing enterprise accounting software, look out for the following functions:
- Invoicing - Invoicing is the mainstay of your accounting - without it, no money flows to you.
- Billing - The regular comparison of claims and obligations keeps you in control.
- Payroll - All employees want to be paid regularly and on time. An Enterprise Accounting Software helps you to automate the process. You don't have to initiate each transfer manually.
- Debits - Take over the booking and managing of your debtors with an enterprise accounting tool.
- Creditors - So that your suppliers and other invoice issuers also get their money on time, you take care of the performance handling in this part.
- Manage fixed assets - With the size of a company comes fixed assets. Good thing if you have an overview of it.
- Inventory management - Even the management of your products can be done in an enterprise accounting software.
- Keep general and ledger - In order to run a compliant accounting, double-entry accounting is indispensable.
- Cash management - You can keep track of all cash movements using analysis modules.
- Interfaces to tax offices - If you don't want to do your tax return on a scale like this yourself, the tool should have access for your tax consultant - maybe even an external accountant, if you don't want to do everything yourself!
In addition, you should make sure that the respective Enterprise Accounting Software is adapted to the Principles of proper accounting (GoB). These rules are set out in the Commercial Code (HGB) and are therefore mainly valid on German business territory. Foreign software providers sometimes do not meet the necessary requirements. On OMR Reviews you will therefore only find providers for enterprise accounting tools, with which you can adhere to the GoB.
What costs does enterprise accounting software involve?
We can answer this question fastest of all: It depends! In fact, it is common for accounting software for large companies to make you an individual offer. Because the larger a company is, the more it differs in many areas from others - even within an industry. This is particularly noticeable in the number of employees.
For this reason, we have refrained from adding a cost part to each of the 7 top tools. In most cases, you have to contact the respective software developer to receive an offer. Often you can first look at a demo or enjoy a product guide.
The advantages and disadvantages of enterprise accounting software
The evaluation of an enterprise accounting software cannot avoid showing advantages and disadvantages. Fortunately, the advantages outweigh the disadvantages.
Advantages
- Thanks to the modular structure enterprise accounting software is adaptable.
- By having a mobile access to your accounting, you always have an eye on it, even on the go.
- By using a single tool for your enterprise accounting, you conveniently have everything in one place.
- You always keep the overview of your numbers.
- With automated processes you are more efficient when making salary payments and other regular to-dos in accounting.
Disadvantages
- Since enterprise accounting tools are very comprehensive, the implementation into your IT infrastructure and the onboarding can take a lot of time.
- If you decide for a different system afterwards, the change can be complex.
These are the top 7 enterprise accounting software on OMR Reviews
These are the 7 most popular enterprise accounting software on OMR Reviews based on verified user reviews and experiences:
GetMyInvoices.com
orgaMAX Buchhaltung
sevdesk
Lexware Office
Zervant by Ageras
DATEV
Sage LohnabrechnungAttention: This ranking is based on the status as of 15.01.2024
1. GetmyInvoice.com
GetMyInvoices.com is an automated invoice management tool and complementary to any accounting software you use. The tool helps you to automatically merge your invoices from various sources, such as customer portals (Telekom, Amazon & more), email mailboxes, shops, or invoice creation tools. You can also store all your data in one central location. You can also use GetMyInvoices to check, release and pay your invoices. Afterwards, your invoices including structured data are directly transferred to your tax consultants or to your individual accounting software. More than 100 systems such as DATEV, sevDesk, lexoffice & Co. can be directly linked to GetMyInvoices via an interface so that all receipts can be transferred automatically.
GetMyInvoices.com Alternatives
On OMR Reviews you can find an overview of the GetMyInvoices.com Alternatives and decide on the most suitable invoicing software for you based on verified user experience and reviews.
2. orgaMax
orgaMAX is also one of the best invoicing software. It is modular and not only helps you with writing invoices, but it is also perfect for accounting and inventory management. It also has a CRM and a statistics section on board. However, orgaMAX is not a billing program for Mac, but can only be used on Windows computers. If you can overlook that, it provides you with everything you need. Whether you are a freelancer with a manageable customer base, an Amazon shop owner, or a large company that wants to digitize its accounting.orgaMAX Alternatives
On OMR Reviews you can find an overview of the
orgaMAX Alternatives and decide on the most suitable invoicing software for you based on verified user experiences and reviews.3. sevdesk
sevDesk
On OMR Reviews you can find an overview of the
sevDesk Alternatives and decide on the most suitable invoicing software for you based on verified user experiences and reviews.4. Lexoffice
Another invoicing program that you can use as a service provider is
Lexoffice. The cloud solution combines the functions of accounting, invoice management, and banking. Lexoffice offers you the following functions:Setting of the corporate design for invoices
- Creation of single and serial invoices
- Writing quotes
- Creating reminders
- Managing customer data
- Overview of payments and cash receipts
- Advance VAT return to the tax office
- Access also via the lexoffice app
- Capture receipts via the lexoffice scan app
- Store data according to DIN IS 9001 and DIN ISO 27001
- Lexoffice Alternatives
On OMR Reviews you can find an overview of the
Lexoffice Alternatives and decide on the most suitable invoicing software for you based on verified user experiences and reviews.5. Zervant
is a billing program for freelancers. It can support you in various aspects of your company tasks:
Zervant by AgerasCreate invoices
- Create partial invoices and recurring invoices
- Make receipts
- Write quotes
- Create reminders and payment reminders
- Integrated customer and product database
- Time tracking for customer projects
- Zervant Alternatives
On OMR Reviews you can find an overview of the
Zervant Alternatives. Here, based on user experiences and reviews, you can decide on the billing tool that is best suited to your company.6. DATEV
Mittelstand Faktura with Accounting is an accounting software for small and medium-sized companies. DATEV offers, among other things, the following functions:
DATEVSolutions for the areas of accounting, payroll and personnel or IT outsourcing
- Accounting at several workplaces
- Write sales receipts
- Document management
- Proper cash book management
- Cost accounting
- Running electronic banking and storing all documents centrally
- ISO27001 certified cloud solution
- DATEV Alternatives
On OMR Reviews you can find an overview of the
DATEV Alternatives and decide on the most suitable invoicing software for you based on verified user experiences and reviews.7. Sage Payroll
With
you can do your payroll error-free and automated if needed, even without prior knowledge. All necessary documents for legal reporting are created at the push of a button and sent to the tax office and your health insurance company. The online software is always up to date and does not require any installation or paid updates. In addition, Sage Payroll offers a free customer service for product setup and reporting procedures.Sage LohnabrechnungSage Payroll Alternatives
On OMR Reviews you can find an overview of the
Sage Payroll Alternatives and decide on the most suitable invoicing software for you based on verified user experiences and reviews. und kannst mithilfe von verifizierten Nutzererfahrungen und -bewertungen für die für dich am besten geeignetste Rechnungssoftware entscheiden.
Nils ist Gründer der Personal Branding Rebels und seit Jahren fester Bestandteil des LinkedIn-Games. Mit seinem Team hilft er Menschen und Unternehmen, auf LinkedIn und anderen Plattformen als Personal Brands sichtbar zu werden. Die Rebels unterstützen dabei, Corporate Influencer auszubilden, Personal Brands aufzubauen und bieten Workshops an. Immer mit einem rebellischen Ansatz: Out-of-the-Box-Denken und authentische Sichtbarkeit stehen im Fokus, fernab von starren Algorithmen und Blaupausen.
