Enterprise accounting software is designed for large companies and businesses. Here are the top seven enterprise accounting software suites.
Top enterprise accounting software comparison
Oracle NetSuite ERP: Best overall enterprise accounting software
Oracle NetSuite ERP (NetSuite) is an enterprise solution for managing your accounting, inventory, production, orders, supply chain, and warehouses. It can manage global subsidiaries in over 190 currencies and supports tax and reporting requirements for over 100 countries.
Although its massive offerings can be intimidating if you have a midsize company, you can use the NetSuite Platform with only the needed services; for instance, perhaps get just accounting software and some basic ERP features. As you grow, you can keep your operations running efficiently by adding other NetSuite products to the platform.
Why I chose Oracle NetSuite ERP
NetSuite offers everything you need for your enterprise resource planning (ERP), but what I like is its experience with implementation, as implementing a system with this depth and breadth is a challenge. It has over 20 years of experience implementing its software and will work closely with your team to provide a roadmap to full-scale implementation.
It is great at providing upper management with a bird’s-eye view of global operations and even handles the details. Its modules for advanced inventory, order management, and warehouse management provide practical, efficient, and often automated solutions for your day-to-day operations — such as inventory barcode scanning, pick lists, and setting inventory reorder points based on seasonal sales demand.
Pricing
You’ll pay a one-time implementation fee followed by an annual license fee, which is determined by the number of users and the modules you choose to add to the core platform. Pricing is customized to your needs, so you’ll need to contact sales for a quote.
Standout features
- Accounting: Get A/R, A/P, account reconciliation, cash management, and tax management. Unlike small business accounting software, NetSuite includes fixed asset management and period-end close management.
- Regulatory compliance: Generate statements and disclosures that comply with ASC 606, GAAP, SOX, and other US-based regulatory requirements. The NetSuite OneWorld module can comply with the regulatory requirements of over 100 countries.
- Mobile app: Allow managers to provide approvals and review the data relevant to their position from anywhere.
- Cloud accessibility: Enjoy a completely cloud-based solution, reducing your need for IT infrastructure.
- Inventory management: View inventory and orders across all selling channels in real-time. Manage inventory in multiple locations and determine reorder points while factoring in seasonality.
- Order management: Automate order processing, view available inventory after commitments, and customize your order fulfillment process to your available resources and facilities.
- Warehouse management: Use the system to handle every step of the warehousing process, including receiving, storing, picking, and shipping.
- Additional products: Manage nearly every aspect of your business with the following add-ons:
- CRM
- Field service management
- HRM
- Global business management
- Professional services automation
- Connector (used to connect to ecommerce marketplaces)
- Omnichannel commerce
- Analytics and reporting
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Sage Intacct: Best entry-level enterprise accounting software
Like small business accounting software, Sage Intacct is easy to use — even if it includes the powerful features of enterprise software. Its primary focus is providing your business’s financial professionals with real-time, in-depth data across your entire operation, including worldwide subsidiaries. It can also be expanded into other ERP requirements through the Sage Intacct Marketplace.
Why I chose Sage Intacct
It fills the gap between small business accounting programs, like QuickBooks, and expensive enterprise solutions that many midmarket companies can’t afford. It has an open API that can be used to customize integration with your other tools like Salesforce, Expensify, and Kimble. As enterprise-level software, Sage Intacct can consolidate hundreds of business entities in minutes — something you can’t do in QuickBooks.
As your business grows, you can expand the capabilities of Sage Intacct with additional modules for budgeting, fixed assets, multicurrency consolidations, dynamic allocations, and many others. I really like Sage Intacct Marketplace, an app store for your Intacct software. It’s easy to adapt your software by subscribing and integrating with one of Sage’s many partners.
Pricing
You must contact Sage for a custom quote.
Standout features
- CFO dashboard: View consolidated assets, revenue, expenses, and net income for all consolidated entities. Customize your own charts and graphs with the important breakdowns across entities.
- Dynamic allocations: Create automations to make standard allocations within your entities.
- Inter-company eliminations: Map relationships between entities by choosing related intercompany receivables and payables so that Sage Intacct can automate your eliminating entries when consolidating entities.
- Automate revenue recognition: Design automation to accurately recognize revenue across periods for things like subscriptions, licenses, and services.
- Spend management module: Track purchasing versus budget to keep you from overspending.
- Budgeting: Create budgets across entities, departments, sub-departments, locations, sub-locations, and other dimensions. The budgeting wizard will import all the necessary information from each entity to get off to a fast start.
- Payroll by ADP: Manage payroll and HR with ADP directly from within your Sage Intacct account.
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QuickBooks Enterprise: Best built-in inventory management
QuickBooks Enterprise is Intuit’s top-of-the-line bookkeeping software. It’s a desktop program that can accommodate up to 40 users and keep the books of unlimited entities with a single license. If your reason for moving to enterprise accounting software is better inventory management, it might be a very affordable solution.
While it is predominantly used by small-to-midsize businesses, it is scalable to larger enterprises. It’s not a traditional ERP, but it can serve as the central hub for all your data with built-in advanced inventory management, payroll, and reporting, along with integrations for HR, CRM, and e-commerce systems.
Why I chose QuickBooks Enterprise
QuickBooks Enterprise has excellent built-in inventory management features, such as three-tier location tracking that allows you to monitor the location of inventory down to the row, shelf, and bin. You can even easily manage stock across multiple warehouses and assign sales orders to be fulfilled by a particular warehouse.
Bar code scanning can be done with the mobile app and reduces errors in receiving, picking, shipping, and data entry. In addition to the physical management of your inventory, QuickBooks Enterprise is great for tracking its cost. Unlike other general accounting software, you can choose between using LIFO or average cost in calculating your COGS.
This choice is important when changing software because a change in inventory costing requires IRS permission. QuickBooks Enterprise also provides the option of treating additional costs — like freight-in, duties, insurance, and other costs you specify — as part of your inventory and COGS.
Pricing
Each plan’s price varies depending on the number of users and whether you want cloud hosting or a local installation. I recommend the Platinum and Diamond plans as they include the advanced inventory features discussed above.
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| 11 to 30 users | ||
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You can download a free 30-day trial version of QuickBooks Enterprise with no credit card required.
Standout features
- QuickBooks ProAdvisor network: Easily find a QuickBooks ProAdvisor certified specifically for the Enterprise program by visiting the QuickBooks website. ProAdvisors can help SMBs needing a little help with their books or seeking an experienced outside accountant available to answer questions.
- Industry editions: Get specific industry editions for retail, wholesale and distribution, manufacturing, construction and contractors, nonprofits, and professional services.
- Cloud access: Include hosting in your purchase to access the program in the cloud.
- Payroll: Enjoy QuickBooks Payroll, which is included in the base price of the Gold and Platinum plans. Meanwhile, Assisted Payroll is included in the Diamond plan but requires additional per-employee fees. QuickBooks Payroll allows you to pay employees by check or automatic deposit directly within your QuickBooks system, no integration required.
- Advanced pricing: Design complex custom pricing rules to provide quantity discounts, manufacturer markdowns, scheduled and seasonal promotions, and discounts for specific groups of VIP customers.
- Intercompany transactions: Open multiple companies in separate windows, and create combined financial statements that can be exported to Excel.
- Field Service Management: Integrate QuickBooks Enterprise with Intuit Field Service Management, which includes one user for free. The integration greatly simplifies scheduling your service technicians, provides on-the-spot invoicing, and even allows you to track the location of techs using Google Maps.
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Learn more about the solution in our QuickBooks Enterprise review.
Xero: Best for simple enterprises needing unlimited users
I generally recommend Xero for small businesses, but with unlimited seats in all plans, it can also be used by larger enterprises. It’s not as sophisticated and customizable as other programs listed here, but it does provide solid accounting software that can be shared by large accounting groups.
Why I chose Xero
I included Xero in this roundup for SMBs that have outgrown the number of users allowed in their small business accounting software but don’t necessarily need all the features offered in expensive enterprise accounting software.
For comparison, QuickBooks Online allows a maximum of 25 seats and costs $235 monthly. If you need 26 users and want to stay with QuickBooks, you’ll need to convert to QuickBooks Enterprise, which costs $960 monthly at a base. While QuickBooks Enterprise is a great program, it’s too expensive if all you want is additional seats.
Meanwhile, Xero is solid, reliable accounting software with good inventory and project management features. Best of all, it’s only $80 monthly for unlimited users. It also has features that larger enterprises will appreciate, like tracking by class and location, multicurrency accounting, contact management, and online file storage.
Pricing
All Xero plans include unlimited seats for one company. I recommend the Established plan for most SMBs.
- Early: $20 per month for 20 invoices and 5 bills
- Growing: $47 per month for unlimited invoices and bills
- Established: $80 per month adds multicurrency and project accounting
Xero also has the following paid add-ons:
- Inventory Plus: $39 per month; provides inventory sync with Shopify and Amazon and FIFO inventory accounting
- Gusto payroll: From $40 plus $6 per person, per month
You can download a free 30-day trial of Xero with no credit card required.
Standout features
- Invoicing: Enjoy unlimited invoicing for unlimited clients with both the Growing and Established plans. Invoices are customizable, and the workflow to manage your invoices is very clean and easy to follow, as shown below.
- Sales tax management: Get a free subscription to and integration with Avalara, a very popular tax management program that will help you collect, track, and remit sales tax. Avalara will even help you file your sales tax returns.
- Xero Inventory Plus: Sync your inventory information with Shopify and Amazon (FBA) with this paid add-on. Inventory Plus also provides FIFO inventory — instead of the average cost method provided in the basic Xero plan.
- Payroll: Integrate Xero with Gusto, a very popular payroll provider in the US. You can run your payroll with Gusto and then automatically download the information into Xero without the need for manual journal entries.
- Solid basic features: Enjoy everything midsize companies need in an accounting system — including A/R, A/P, banking, inventory, project accounting, and reporting. Plus, Xero has integrations for payroll, payment processing, electronic bill payments, and sales tax management.
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Learn more in our review of Xero.
Acumatica Cloud ERP: Best industry-specific ERP
Acumatica Cloud ERP (Acumatica) targets small and midsize companies. It provides a great financial management product that can be built into an ERP with modules for inventory management, sales, management, warehouse management, CRM, payroll, multientity accounting, and more.
Why I chose Acumatica Cloud ERP
It starts with a financial management product that includes all the features you’d expect of solid accounting software — like A/R, A/P, cash management, and tax management. Then, it tacks on ERP features tailored specifically for your industry, such as
- Construction
- Distribution
- Manufacturing
- Retail
- Service industries
- General business
- Professional services
I also like that Acumatica integrates with software you might already use, especially if you’re upgrading from small business accounting software. For instance, it integrates with Avalara for sales tax management, Procore for construction management, and BigCommerce for connecting to e-commerce channels.
Pricing
You’ll need to schedule a demo with Acumatica Cloud ERP’s sales team before receiving a custom quote.
Standout features
- Accounting software: Enjoy that all Acumutica editions include the Financial Management product. This accounting software includes the general ledger, A/R, A/P, and cash management, plus unlimited users and mobile access.
- Inventory management: Track inventory with lot and serial number controls across precise locations, such as warehouse, aisle, rack, shelf, and bin.
- Intercompany accounting: Keep the books for unlimited related companies while still centralizing A/R, A/P, and cash management. Create reports across multiple companies with different currencies while automatically removing intercompany activity.
- Project accounting: Use features such as change order management, actual vs budgeted cost tracking, quotes management, and customizable revenue recognition rules.
- Payroll: Get Acumatica Payroll as part of the ERP system. It will process your payroll and manage your tax filings.
- Reporting: Get many of the reports you need — and these preformatted reports can always be customized to provide exactly the information you want. You can also design customized reports.
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SAP Business ByDesign: Best for midsize enterprises
SAP is a global leader in ERP software, offering solutions for businesses of all sizes. SAP Business ByDesign specifically targets midsize companies that don’t necessarily need a fully customized solution — or the hefty price tag that comes with it.
Why I chose SAP Business ByDesign
It is an out-of-the-box ERP solution that can be customized through a huge selection of both in-house and third-party integrations. It comes with all the ERP features a midsize enterprise should need, such as
- Finance (accounting software)
- CRM
- HR
- Supply chain management
- Procurement
- Project management
I believe these ERP features will be more than sufficient if you have a midsize company that doesn’t want the additional expense of a more customizable solution like NetSuite.
Pricing
You’ll need to contact SAP for pricing information, but its website indicates that Business ByDesign has less complexity and a lower cost than SAP S/4HANA Cloud Public Edition, which is SAP’s ERP for any size enterprise.
Standout features
- Extensions and integrations: Enjoy 12,000 extensions and integrations to add features to Business ByDesign.
- Accounting: Get all the general accounting features you’ll need — such as G/L, A/R, A/P, and cash flow management — through the finance module. Also, enjoy advanced tools to manage multiple legal entities with different currencies, and integrate with Avalara for your tax management.
- Workforce administration: Make the most out of the HR module, which provides workforce management. You can manage employee timesheets, compensation, and even track the skills and availability of employees. Business ByDesign also helps facilitate payroll; however, it relies on integrations with third-party providers for payroll processing.
- Self-service procurement: Get a real-time database of suppliers and products to empower your midlevel employees to make wise purchasing decisions without a lengthy approval process.
- Microsoft Teams project management: Manage projects through the planning, execution, collaboration, and monitoring phases. You can even access Business ByDesign features directly from Microsoft Teams.
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Microsoft Dynamics 365 Finance: Best for forecasting
Microsoft Dynamics 365 Finance is a tool focused on monitoring financial operations. With it, you can make sound financial decisions by quickly forecasting cash flow and customer payments. Plus, you can use the built-in financial reporting capabilities to simplify closing.
Why I chose Microsoft Dynamics 365 Finance
I like its forecasting features. Cash flow projections incorporate AI that will predict when your customers will pay — and it will automate follow-ups with customers to increase your collection rate. You can introduce multiple scenarios in your cash flow forecasting and budget proposals to generate multiple “what if” predictions.
In the world of complex ERP offerings, Dynamics 365’s simple upfront pricing is very refreshing. Every user must have a base license for one Dynamic 365 module, such as the Finance module (which is either $210 or $300 per user monthly and includes all accounting features). Once you have a base license, you can be added to other Dynamics 365 modules for $20 or $30 per user monthly. You can keep your cost low by subscribing each user to only the modules they need.
Pricing
Unlike most ERPs of this power and depth, Microsoft Dynamics 365 Finance provides upfront pricing for its two tiers.
- Dynamics 365 Finance: $210 per user, per month, for the basic core financial management solution
- Dynamics 365 Finance Premium: $300 per user, per month, for advanced performance management capabilities
For those with a Dynamics 365 Finance license, optional Dynamics 365 modules can be added for either $20 or $30 per user monthly.
Standout features
- Accounting features: Get all the basic accounting features — like A/R, A/P, and inventory — in the finance module.
- AI-powered scenario planning: Assess the outcome of various scenarios, and receive AI-powered feedback — including a list of challenges, opportunities, and recommendations.
- Resource recommendations: Enjoy the platform’s AI, which recommends the best candidates to fill roles in a new project by considering skillset, role, and location.
- Comprehensive suite of products: Integrate with other Microsoft Dynamics 365 modules — including Commerce, Customer Service, Field Service, Human Resources, Project Operations, and Sales.
- Independent consultants: Use Microsoft’s website to connect with a nearby Dynamics 365 consultant. They can help you implement and optimize your 365 system.
- Microsoft copilot: Get a built-in AI agent who will assist with invoice automation, credit risk management, cash flow forecasting, and more.
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How I evaluated the best enterprise accounting software
I reviewed the solutions in this guide based on my personal experience with the software (when applicable) and an in-depth analysis of the information provided by the provider. I paid particular attention to features that are particularly important to enterprises, such as global operations, intercompany accounting, consolidations, multicurrency management, and AI automation. Learn more about TechRepublic’s review methodology for accounting software.
How to choose the right enterprise accounting software for your business
The best enterprise accounting platform for your enterprise will depend on several factors. These include the type of business, the number of employees, how much your business earns, and how much your budget for software is.
Ask yourself the following questions:
- Is there any particular type of enterprise accounting system that fits the niche you work in? You may be able to find a specific tool for manufacturing, for example.
- Does your accounting team want hand-holding, a lot of customization, or something in between? Ask for the input of those who will be using the program daily, as you will want to balance what the software can do given your team’s financial literacy.
- Does the software have a mobile app or a cloud service? Where will your employees primarily be when they access it, i.e., in the office or on the go? These may affect the convenience needed. After all, different software meets different business needs.
Using enterprise accounting software in conjunction with other solutions gives you a real-time overview of all your financial data in one place. This is easiest when choosing an enterprise accounting tool that’s part of an ERP system; for instance, Microsoft Dynamics 365 Finance is the enterprise accounting platform built into the larger Microsoft Dynamics 365 ERP system.
Learn more in our guide to the best ERP software.
Key benefits of enterprise accounting software
An enterprise accounting solution enables large companies to track and manage finances, which includes everything from A/R and tax management to payroll. Unlike small business accounting software, it allows you to monitor and consolidate multiple global entities with various currencies.
✅ Increased efficiency
Efficiency drives many software implementation projects, and enterprise accounting software increases operational efficiency in many ways. For example, automation features eliminate the need for manual data entry.
Plus, enterprise accounting software stores all financial data in one place, eliminating the need for employees to search several databases for the information they need to perform work-related tasks. Using a centralized, cloud-based platform, employees can access accounting tools and data from anywhere.
✅ Reduced costs
Accounting mistakes — like consistent invoice errors and unmonitored spending — can quickly drain an enterprise’s resources. Fortunately, enterprise accounting software features such as automation and reporting help eliminate these mistakes, reducing overall costs. It can also lower the costs associated with hiring accounting professionals and outsourcing accounting procedures.
✅ Improved accuracy of financial data
Mistakes within the balance sheet are frustrating and often result in hours of wasted time. In addition, accounting mistakes lead to poor business decision-making, denial of credit, negative cash flow, and a slew of other consequences.
Enterprise accounting software uses built-in controls and tools to eliminate those. These controls alert enterprises to errors before they take hold. In some cases, the software will fix any mistakes automatically.
✅ Simplified financial decision-making
Enterprise accounting software enables real-time visibility into a company’s finances and KPIs. With a clear picture of a company’s health, stakeholders can make informed financial decisions.
✅ Easier tax compliance
Financial regulations change rapidly, and trying to keep up with tax regulations and everyday accounting tasks can be a challenge for large enterprises. Enterprise accounting software offers consistent and automatic software updates to ensure accounting processes follow the evolving standards of GAAP and other guidelines; as a result, enterprises can remain in compliance without nearly as much effort.
Key enterprise accounting software features
An enterprise accounting platform, which has basic accounting, provides automation, eliminating the need for tedious manual processes that often result in costly mistakes. Plus, it integrates with other critical enterprise tools, such as CRM software, offers billing and invoicing capabilities, financial forecasting, tax management, and more.
Automation
Enterprises must move fast, and that means reducing daily manual tasks. Enterprise accounting software can help automate virtually any accounting task, from tax filing to invoicing. Automation enables accounting and finance teams to spend less time on numbers and more time on higher-value tasks.
Basic accounting
An enterprise accounting tool includes features that simplify all basic accounting procedures; for example, capabilities include a general ledger, A/R, A/P, cash management and tax preparation. Plus, all basic accounting processes can be automated to save enterprises time and effort.
Intercompany transactions and consolidations
Many enterprises consist of multiple entities that must be consolidated for reporting. A big difference between small business accounting software and enterprise accounting software is the ability to automatically manage intercompany transactions and consolidate a large number of entities into a single set of financial statements.
Check out our roundup of the best accounting software for multiple businesses.
Billing and invoicing
Modern enterprises need modern billing and payment capabilities. An enterprise accounting solution can automate every invoice sent — including those that recur each week, month, or quarter — which reduces costs and time on manual billing tasks.
It can also track invoices throughout the billing cycle and send reminders to ensure customers pay on time. It even has built-in payment processing tools, providing the ability to accept credit and debit payments.
SEE: Oracle ERP vs SAP ERP vs NetSuite ERP – Competitive Report (TechRepublic)
Payroll processing
Payroll is a critical business process that’s often challenging and complex. Timesheets must be wrangled, wages and payroll tax withholding must be calculated, and payments must be processed — all in a timely manner.
An enterprise accounting solution must include automated payroll processing features — such as time tracking integration, salary computation, tax deductions, and benefits management to ensure accurate and compliant payroll execution. Additionally, it should offer direct deposit functionality, multicurrency support, compliance with local tax regulations, and real-time reporting to streamline payroll operations and reduce manual errors.
Tip: Consider integrating your payroll and accounting software to ensure your books accurately reflect your current financial status.
Tax management
Enterprise accounting software provides support for all tax management processes within a company. For example, it can track payroll taxes, calculate complex figures (e.g., value-added taxes common in European countries), automatically file annual taxes, and more. Plus, it helps enterprises remain compliant with ever-changing tax regulations.
Payment processing
Many enterprise accounting platforms offer payment processing built right into the software. Given, payments can easily be accepted from credit and debit accounts, in addition to traditional check or ACH payments. Also, access to additional payment methods simplifies the payment process for customers, which may reduce the time spent waiting on cash.
Financial forecasting
Most enterprise accounting software suites offer financial forecasting. For example, some programs offer data visualizations, so finance teams can see current budgets and trends in real time.
In fact, tools such as Oracle NetSuite ERP allow you to generate what-if scenarios based on financial data. This allows you to create custom forecasts to fit your business’s needs.
Reporting and analytics
Perhaps the most coveted feature of enterprise accounting software is reporting and analytics. Financial data about each and every transaction is wrangled and stored right within the software, and you can then use this data for forecasting, ensuring compliance, tax planning, and making strategic business decisions.
An enterprise accounting program provides access to financial dashboards that serve as visual reports that communicate the enterprise’s real-time financial health via graphs and charts. It also typically comes standard with a wide range of pre-built reports.
For example, it may contain accounting-specific reports such as profit and loss statements, cash flow statements, and tax summaries. However, many platforms also allow you to create custom financial reports to fit your business’s unique needs.
Security
Financial data should be kept under lock and key — after all, data breaches are on the rise. According to IBM’s 2024 Cost of a Data Breach Report, the average data breach cost reached $4.88 million in 2024. So, the more security layers that can be added to data, the better protected an enterprise will be.
Luckily, enterprise accounting software typically comes with robust security features such as two-factor authentication, bank-level encryption, access control, and permissions. With these, you can ensure that those who need data have access and those who don’t, well, don’t.
