What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in accounting software category. Our data sources in accounting software category include;
Accounting software automates an organization's financial functions and transactions. These tools record and process accounting transactions and serves as an accounting information system. A typical accounting software provides:
AIMultiple is data driven. Evaluate 488 services based on
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calculated based on objective data.
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We use the data sources on the side for ranking solutions and awarding badges in accounting software category. Our data sources in accounting software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
QuickBooks Online
Patriot Payroll
FreshBooks
Microsoft Dynamics 365 for Sales (formerly Dynamics CRM)
QuickBooks Desktop Pro
Taking into account the latest metrics outlined below, these are the current accounting software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
QuickBooks Online
Patriot Payroll
FreshBooks
Microsoft Dynamics 365 for Sales (formerly Dynamics CRM)
QuickBooks Desktop Pro
These are the number of queries on search engines which include the brand name of the solution. Compared to other ERP categories, Accounting Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 42%, 35% more than the average of search queries in this area.
263 employees work for a typical company in this solution category which is 242 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 181 companies with >10 employees are offering accounting software. Top 3 products are developed by companies with a total of 300k employees. The largest company building accounting software is IBM with more than 300,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
QuickBooks Online
Patriot Payroll
FreshBooks
Microsoft Dynamics 365 for Sales (formerly Dynamics CRM)
QuickBooks Desktop Pro
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Accounting Software companies. The most positive word describing Accounting Software is “Easy to use” that is used in 14% of the reviews. The most negative one is “Difficult” with which is used in 4.00% of all the Accounting Software reviews.
According to customer reviews, most common company size for accounting software customers is 1-50 Employees. Customers with 1-50 Employees make up 54% of accounting software customers. For an average ERP solution, customers with 1-50 Employees make up 26% of total customers.
These scores are the average scores collected from customer reviews for all Accounting Software. Accounting Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 61.8k times per month on search engines in 2022. This number has increased to 65.9k in 2023. If we compare with other erp solutions, a typical solution was searched 890 times in 2022 and this decreased to 628 in 2023.