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what would be a good accounting solution for a mid sized company

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I’m looking for an accounting package to replace a DOS based version of Peachtree. This solution needs to be able to handle 8,000 transactions per month, do AR, AP, payroll, fixed asset management

asked by Kevin B.  –  November 2, 2013

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What size is your midsized firm? SAP considers mid-sized to be any company under $500 million in revenue.

answered by Daniel R.  –  November 8, 2013
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Hi Kevin, I work for Intacct and we provide a cloud-based accounting solution for small to medium-sized companies. Give us a look at www.intacct.com. We offer a free trial, webinars, product tours, white papers, etc. to help you understand the ways Intacct can help your business. Good luck!

answered by Mark G.  –  November 14, 2013
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Kevin, there are a multitude of answers to this and first of all it depends on what you define as Mid Size. Next you need to disclose what it is your firm does and what are the key elements that you want to track, as every package has its strengths and weaknesses. I have installed packages ranging from Corporate Headquarters, Construction Companies and Private Schools. As in building anything, the key is the foundation which in this case is the chart of accounts. A well designed chart of accounts ( "COA" )can make even the most basic accounting package a powerhouse of information, while a poor designed COA can turn the most expensive system on earth into a train wreck.

Next you need to determine if you are ready for a conversion. I recently completed an accounting conversion from an off the shelf package to a industry specific solution, and most of the conversion time was spent fixing the accounting. Although they had audited financial statements, the internal accounting was a mess and had to be fixed before it could be converted.

Just a couple of things to consider as you embark on this project.

answered by John B.  –  January 13, 2014
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Our product CenterPoint Accounting can handle all the things you mentioned, and is a mid-market program. Many of our customers come from Peachtree or Quickbooks. CenterPoint has a .SQL back end, so it should be able to handle that volume no problem. Visit this page to learn more www.redwingsoftware.com/accounting. Or if you are ready for a conversation, send me a note or call me direct at 800-732-9464. We do offer a live personalized demo, so you can get all your questions answered. Good luck with your search.

Stephanie Elsen
Red Wing Software

answered by Stephanie Elsen  –  January 16, 2014
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Do you use Salesforce? If so, I recommend taking a look at FinancialForce.com’s accounting solution. It is built on the Salesforce platform and shares the same interface. It handles accounts payable, accounts receivable, fixed asset management and more.

Here’s some more info: http://www.financialforce.com/products/financial-management/accounting/

answered by Polina P.  –  September 18, 2014

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