Best Enterprise Accounting Software Systems for Corporations

Come in, weary traveler, to this superb article about the best accounting software for large businesses. This comparative review piece will look at features, tools, prices and specialties of some amazing examples of enterprise accounting software, including big brands you might know and others that may be new to you.

So, this is going to be a very exciting read all about bookkeeping tools and accounting apps. Ready, set, go.

Corporate accounting software for enterprise comparison (top 10 highest rated)

Below, feast your eyes upon this table which lays out the top 10 best accounting software for enterprise. 

At a glance you will immediately notice which each piece of corporate financial software is best suited toward, for example, we’ll show you some cheap finance enterprise software, some good enterprise finance systems for project management, and some decent enterprise level accounting software for workflow automation. 

You can also access a speedy link right to the vendor’s website where you can do things like request a demo, a free trial, or speak with a sales rep about their pricing plans.

What is the best enterprise accounting software? Here’s our top 10 list:

Now onto the detailed breakdown of the best enterprise accounting software. From the top of this list down to the last app, there is surely something of value for some medium-to-large businesses, corporations and enterprises who want to boost their numbers through more streamlined bookkeeping.
 

1. Oracle NetSuite (Best enterprise accounting software overall)

The Oracle brand of business accounting solutions will pop up several times whenever you look up ERP and financial software. At the number one spot for the best enterprise accounting software overall for medium and large businesses, Oracle NetSuite ERP is the winner. This is not the NetSuite Cloud Accounting software as that is more of a small business accounting tool. 

With NetSuite ERP you get financial management, order management, warehouse and inventory management, supply chain tools and more. For a corporate accounting module, you get basic features like a solid general ledger tool, account syncing, cash flow management with accounts payable and accounts receivable, as well as get the ability to monitor real-time data for better business insights and forecasting. 

Other accounting functions include billing and invoicing, project management help with planning and budgeting, tax help, and financial reporting.

Pros:

Oracle NetSuite ERP is one of the best ERP business accounting software.

This is a great platform for budget planning and project management for accounting.

The business insights and forecasting are very effective when you learn how to master them.

Great financial reporting on visually pleasing charts and graphs.

Solid workflow automation functionality to speed up your business process on things like data entry.  

Cons:

While the pricing is not listed on the website, a con in itself, it is known that Oracle products are not the cheapest on the block, although many people would counter that when it comes to enterprise resource planning, you get what you pay for, so go figure. 

Pricing:

• Contact Oracle for NetSuite ERP pricing

Oracle Netsuite Review

Visit Oracle Netsuite
 

2. FreshBooks (Best finance enterprise software)

FreshBooks is not exactly the SaaS brand name you might think about when it comes to enterprise accounting software solutions, as many see it as among the best small business accounting software. 

However, you can certainly use this platform to scale up to meet the business needs of the large corporate business level. This is a cloud-based app and has no on-premise option.

As an accounting CRM you can get client profiles that include data like bank account statements and credit card information. FreshBooks helps you set up and run automated billing and recurring invoicing with simple workflows. You can create estimates which can then turn into invoices, and use e-signature tools.

This is also a tool to manage the accounting needs in project management. All of this and more on elegant but minimal dashboards and with a nice accounting template library for you to use.

Pros:

All of the FreshBooks plans have nice add-ons like for adding team members or advanced payment features. 

FreshBooks is quite user friendly, and you can learn the ins and outs in little time. This is a slick looking interface, very easy on the eyes.

It’s all cloud-based and they have tight data security and privacy protocols.

The FreshBooks templates are super handy. And you get a solid FreshBooks mobile app for Android and iPhone.

The price is right for this financial enterprise software, this is among the cheaper accounting tools for corporations and enterprises.

Cons:

As a more advanced financial planning and asset management tool, people prefer to look for something more mature.

Depending on how big your operation is, you’ll need custom pricing, which may be expensive, but then again, may not be.

Pricing:

• FreshBooks Lite is $7.50 per month

• FreshBooks Plus is $15 per month

• FreshBooks Premium is $27.50

• If you have large or complex business needs, contact Freshbooks 

Freshbooks Review

Visit Freshbooks
 

3. Sage Business Cloud X3 (Top accounting enterprise software)

Sage is a well-known British multinational software company. They too have many products that could make it on to the top spots of many online lists of the best finance ERP apps. As a leading accounting app for companies, Sage Business Cloud X3 takes the number three spot. Other products you might know are Sage Accounting and Sage Intacct.

With Sage Business Cloud X3, you get a very thorough accounting and financial management ERP system. It can handle business in many countries and with multi-currency functionality. You get good general ledger tools, with bank account management, expenditure controls, cash flow visibility and budgeting with commitments, which are handy ERP accounting software features. 

Pros:

Sage is excellent at dealing with complex financial data for transforming accounting processes into invaluable business insights.

There is a wonderful module for managing fixed assets.

Good financial reporting library with over 400 report types. Reporting is also customizable.

Sage has great resources for accounting software and financial management for corporations.

Cons:

If you are on a budget and you really are just looking for core accounting basic tools, you may shop around still.

This is not the number one app when it comes to ease of use.

Pricing:

• Contact Sage for Business Cloud X3 for prices

Visit Sage Business Cloud X3
 

4. Intuit QuickBooks Online (Good corporate accounting software)

Intuit is one of the big American business software companies that make a range of business SaaS. These include TurboTax, MailChimp, Mint and QuickBooks, their accounting platform. At its base, QuickBooks is a simple small business tool, though it is worthy of being considered as a corporate accounting software too.

More advanced QuickBooks accounting tools include time tracking which is useful for project invoicing. There is also a full payroll management module to help out HR when it comes to their accounting needs. 

You can use QuickBooks to do payment processing with pay-enabled invoices, advance scheduled payments, contactless payments and automatic bookkeeping. The simple tools obviously include income management, expense tracking, bank reconciliation and inventory management.

Pros:

QuickBooks is a top contender to quickly streamline your business’s accounting needs. 

There is a nifty business analytics tool that works with Microsoft Excel if you like those spreadsheets.

QuickBooks has some very solid customer support, including an expert finder.

There is also a desktop QuickBooks version with a great POS tool, or point of sale.

There is a receipt capture tool on the mobile app. Also a nice mileage tracker.

Cons:

Most people see QuickBooks as a startup tool, and perception matters when it comes to committing to use the platform. It still has value as an accounting software for corporations.

Pricing:

• Self Employed plan is $15 per month

• Simple Start plan is $30 per month

• Essentials plan is $55 per month

• Plus plan is $85 per month

• Advanced plan is $200 per month

Intuit Quickbooks Review

Visit Intuit Quickbooks
 

5. Xero (Great enterprise finance system for project management)

Xero is another one of those accounting solutions that is most often brought up when talking about startups and small businesses. However you can scale up your number of users with Xero like you can with most any other systems, and for that reason it’s a good enterprise finance system for smaller enterprises needing project management.

You can use Xero to optimize the accounting of your project planning and project tracking. It streamlines the prices between estimating, quoting, invoicing and getting paid. 

Alongside cost estimation there is good time tracking, profitability monitors and lots of customization for things like invoices. You got your standard purchase orders, bank reconciliation feature, short-term cash flow management, and expense claiming.

Pros:

Xero scores points for ease of use. This is one helluva user-friendly set of dashboards.

There are some nice packages for accountants and bookkeepers if you have an in-house professional.

You can capture financial data with a mobile app for iOS and Android.

Good file management that’s not too complicated.

Xero is a good option for nonprofits.

Cons:

At the upper end of the enterprise level, you might be disappointed that there is no custom pricing.

Pricing:

• Early plan is $12 per month 

• Growing plan is $34 per month

• Established plan is $56 per month

Xero Review

Visit Xero 
 

6. Microsoft Dynamics 365 Finance (Top enterprise financial management software)

The Microsoft corporation needs little introduction, as many of our readers are well familiar with apps like Outlook, Office Excel and Teams. Their enterprise resource planning software is called Dynamics 365. It's a great sales, marketing, support, supply chain and financial management solution. MS Dynamics 365 is also popular with HR and project management teams.

MS 365 is a real set of professional services for managing and planning your financial life. It monitors cash flows and automatically spots trends with forecasting abilities. You can use it for customer payments and get an AI-predictor as to the likelihood they will pay or default. 

You get intelligent budget planning which is agile and easy to update with real-time data. There are features to estimate and manage credit and risk scenarios when borrowing and investing. There is also a module for subscription-based accounting needs.

Pros:

Microsoft employs many great workflows to cut down on admin work and streamline the business process.

The trend forecasting is very accurate although it takes time to master its messaging.

It’s built to allow for agile project management methodologies.

Easy-to-read general ledgers provide aggregate data on all your bank accounts and financial transactions.

A lot of people are familiar and like Microsoft.

Cons:

It’s one of the more expensive enterprise financial systems. 

The look and feel are a bit stuffy. 

For those that don’t love Microsoft, there are many Microsoft Dynamics alternatives.

Pricing:

• Microsoft Dynamics 365 Finance is $180 per user per month

Microsoft Dynamics 365 Review

Visit Microsoft Dynamics 365 Finance
 

7. SAP Financial Management (Good enterprise financial software for planning and forecasting)

The original name of this company is Systemanalyse und Programmentwicklung, which from all those big words you might be able to tell is German. It means system analysis and software development, and today we all call it simply SAP. We’ve covered other SAP products like the SAP S/4HANA Cloud as a great overall ERP system, but here we will examine the larger solution that is SAP Financial Management, which is a good enterprise finance software.

Financial planning, analysis and forecasting are major parts of this SAP module. It uses strong real-time data analysis to constantly update its insights and forecasts. 

SAP’s financial tools streamline well with other operational planning features. Regarding financial close reports, you get enhanced quality control, automated compliance, and tax transparency. SAP also offers a range of treasury management tools, as well as good cybersecurity. There is also a SAP audit trail management tool you can get.

Pros:

SAP financial and accounting tools for ERPs work very well if you already use other SAP tools like CRM, or customer relationship management.

When it comes to planning, budgeting and forecasting, this is a top accounting solution.

Good visibility on billing and expenses helps you control your cash flow easier, including accounts payable and receivables.

SAP employs automation where it counts, and you can too to lower expenses.

Cons:

SAP Financial Management may appear as a fully-stacked package, but once you begin to explore the website, it appears it is a collection of apps you can get separately, and without clear pricing, who knows what the monthly bill will be.

Pricing:

• Contact SAP for exact pricing information

Visit SAP Financial Management
 

8.Acumatica (Great enterprise level accounting software for workflow automation)

Acumatica is a rising star in the cloud ERP sky, although for some more old school ERP people, they may already be familiar with Acumatica. The company hosts a bunch of products like CRM project management, financial accounting, payroll, inventory management, PoS or point of sale, and order management. 

This is a very popular ERP accounting system for the construction industry, manufacturing, distribution but also sales and retail.

Acumatica’s financial management module runs on automation and workflows. This is a fantastic system if you depend on automation to keep your business process running smoothly and efficiently. Workflows are very customizable too. 

Otherwise you got your standard general ledger, accounts payable and receivable, cash and currency management, and tax management that includes deferred revenue accounting. There is also some great project accounting which runs on automation too. What's more, Acumatica is very effective at inter-company, multi-company and multi-entity accounting.

Pros:

It can’t be stated enough how great Acumatica’s workflows and automation are for your business.

This is a solid system for construction and manufacturing, or any operation with large warehouse, fixed asset and inventory management needs. In fact, it is up there with the rest of the best construction accounting software.

Acumatica is good for helping your accounting stay above board and in full compliance.

Cons:

This is one of the more difficult ERP accounting systems out there so be prepared to do the work of learning it.

No prices listed publicly and this means it is possible it is expensive.

Pricing:

• Contact Acumatica for pricing

Visit Acumatica 
 

9. FinancialForce (Top enterprise accounting system for Salesforce users)

FinancialForce is the ERP solution created by known CRM and sales solution, Salesforce. It is a full-on professional services automation platform. Salesforce first had the idea of launching FinancialForce back in 2006. The idea was to build a cloud platform that would allow anybody to build cloud apps to best run their enterprise and corporations.

FinancialForce begins as a suped up accounting system for large businesses and enterprises. It is a great tool for managing global businesses or multinational corporations. It handles multi-currency and multiple languages. You can sync up a large number of accounts into one dashboard. 

Financial reporting comes with day-to-day insights based on real-time financial activity. You can set it up to track your most important KPIs with ease. The general ledger templates are flexible and customizable. You can also set up automated payments to keep your vendors happy.

Pros:

Salesforce is such a popular tool for CRM, sales, marketing and service, so it’s great that there is a ERP system that’s part of the Saleforce family.

FinancialForce is a clear winner if you are running a multi-entity operation in several different locations and countries.

Financial analysis and planning is very strong.

Good fixed asset management tool.

Cons:

It appears there is no mobile app.

No clear pricing available for the website.

Not ideal if you hate Salesforce.

Pricing:

• Contact FinancialForce for pricing

Visit FinancialForce
 

10. Zoho Books (Good free enterprise accounting platform)

Zoho is a mega name in business productivity software solutions, but not one that you normally associate with larger companies and enterprise level operations. That’s a shame, because the Zoho Books pricing plan makes it very clear this app can handle organizations of any size. Zoho Books is even more effective when used in tandem with other Zoho SaaS, like its CRM.

The basics have got it all from bank account and credit card syncing to automated payment reminders and recurring payment workflows. You get bank rules and bank reconciliation features with multi-lingual invoicing and an expense tracking system. 

At the more advanced end of Zoho Books tools you get serious budgeting, validation rules for automations, custom reports and a Zoho Sign integration. The most premium packages will offer key financial metric tracking, real-time reports, team collaboration features, embedded reports in websites and millions of records.

Pros:

There is really decent customer support from Zoho Books, especially at the high end with email, voice and chat customer service.

All Zoho tools look great, are intuitive to learn, and are super time-savers.

The project management aspects of Zoho Books are useful, like time tracking.

Good integrations with other Zoho tools.

The price is competitive, and there is a free version.

Cons:

Of course, you will need the more expensive Zoho Books package to get this really going as an ERP tool and not just something for small businesses and startups.

Pricing:

• There is a Zoho Books free plan

• Standard is $15 per month billed annually 

• Professional $40 per month billed annually 

• Premium $60 per month billed annually 

• Elite $120 per month billed annually 

• Ultimate $240 per month billed annually 

Zoho Review

Visit Zoho

What is enterprise accounting software & what does it do?

Accounting software in enterprise resource planning has many functions, running from basic accounting tools to more advanced financial management features. Some of the core enterprise accounting functionalities include:

Basic banking features

• Bank account syncing

• Credit card statements

• Income and expense tracking 

• Credit and debt management
   

Business management

• Investment tracking

• Billing and invoicing

• Payment processing

• Point of Sale (POS)

• Accounts payable and accounts receivable

• Bank reconciliation and financial close

• General ledger tools

• Double-entry bookkeeping

• Financial reporting and financial forecasting

• Automated data entry

• Real-time data analysis

• Automated notifications

• Contractor management

• Time tracking and project management

• Planning and budgeting

• Tax preparation and IRS compliance

• Audit trails
   

Integrated ERP tools with accounting

• Supply chain management

• Inventory management

• Warehouse management

• HR

Which accounting software enterprise option is best for my company? Our conclusion

This is the end of our review of enterprise accounting systems. If you’ve made it this far and are still wondering, what is the best platform for ERP-level accounting, then let us go over some key points again. First, Oracle’s NetSuite is the number one accounting solution for enterprise, but there are many reasons to still look further down the list.

For those looking for something more affordable or even free, at least to start, FreshBooks and Zoho Books are the kinds of accounting apps that often get ignored when discussing business at the enterprise level. But we’re here to say that is wrong, and we should add Zoho Books and FreshBooks to these lists. 

Next, Intuit QuickBooks Online and Xero are really common names but mainly for individual, household and small business accounting. This too is an antiquated idea and should be tossed by the wayside. Larger companies could do very well leveraging QuickBooks or Xero. 

Sage, SAP and Microsoft will obviously not rest until the day comes when they dethrone NetSuite as the number one enterprise financial management software. And surely there are many users out there who’d argue this is the case right now. Who knows, the battle rages on.

And so we must begin to say goodbye, dear reader. We sincerely hope that all of your queries and curiosities about ERP accounting and financial solutions have been thoroughly answered here. 

Remember, you can often get free demos or free trials of some of many different types of accounting software, so don’t be shy about asking. And the fact that so many of these vendors do not advertise prices means you’ll have to do some of your own legwork to find out exactly what kind of product you’ll need and what the final price tag will be. Many of these software solutions seem to charge by the month, though they still want to lock you in for the year. So be smart.

Thank you, that is all.

FAQs

What is the best accounting software for a medium sized business?

The best mid-size business bookkeeping is probably either QuickBooks, Xero, FreshBooks or Zoho Books. However, if any medium sized business is looking to expand and requires more advanced mid-size business invoicing, then any SAP, Sage or Oracle products, like NetSuite, are the best options for a medium-sized business.