BQE Core vs e-conomic

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Our analysts compared BQE Core vs e-conomic based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

BQE Core Software Tool
e-conomic Software Tool

Product Basics

BQE Core streamlines accounting processes for mid-sized businesses, simplifying tasks like bookkeeping, invoicing, and financial reporting. Its intuitive interface and automation features cater to users with varying accounting expertise, making it suitable for both in-house accountants and bookkeeping teams. The software boasts strong general ledger functionality, multi-currency support, and real-time financial insights, enabling better decision-making. Popular features include bank reconciliation tools, inventory management, and project accounting capabilities. Users appreciate BQE Core's scalability and customizability, allowing it to adapt to specific business needs. While subscription pricing varies based on company size and required modules, it generally falls within the mid-range compared to similar accounting software. BQE Core prioritizes ease of use and automation, making it a solid choice for businesses seeking to streamline their accounting operations and gain valuable financial insights.

Pros
  • Intuitive interface
  • Time-saving automation
  • Comprehensive features
  • Flexible customization
  • Scalability for growth
Cons
  • Limited mobile app
  • Occasional bugs reported
  • Steeper learning curve
  • Customization requires effort
  • Pricing can be complex
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e-conomic is a robust accounting software designed to streamline financial management tasks for small to medium-sized businesses. It excels in automating accounting processes, offering features like invoicing, expense tracking, and financial reporting. This software is particularly beneficial for industries such as retail, consulting, and service-based businesses due to its user-friendly interface and comprehensive functionality. Users appreciate its cloud-based accessibility, allowing for real-time collaboration and data sharing. Unique benefits include seamless integration with various third-party applications and customizable dashboards that enhance productivity. Compared to similar products, e-conomic is praised for its intuitive design and efficient customer support. Pricing details are not explicitly available, so it's advisable to contact SelectHub for a tailored quote. Overall, e-conomic stands out for its ability to simplify complex accounting tasks, making it a valuable tool for businesses seeking to optimize their financial operations.
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$19.95/User, Monthly
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Tailored to your specific needs
$33 Monthly
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Tailored to your specific needs
Small
Medium
Large
Small
Medium
Large
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Beefed-Up Security: The software runs on the cloud, so users can rest assured that they can access data from any location with a Wi-Fi signal. Their information also has an extra layer of security. 
  • Artificial Intelligence: Users can stay in the know about their company's financial data, daily agenda and more to make informed business decisions with the AI-powered Core Intelligence tool. Core Intelligence becomes smarter and offers enhanced results when users ask more questions.  
  • Automatic Data Conversion: Currency, numbers and dates are always formatted to company preferences. A user's current location has no impact on the company's currency, numeric values or dates. 
  • Monitor Human Resources: Users can oversee their HR department information including salary, incidents, benefits, forms, sick and vacation time, retirement packages and more. 
  • Manage Employees' Responsibilities: BQE Core allows users to allocate ideal tasks and responsibilities to the right employees. Users can also restrict permissions on recording tasks and expenses to diminish errors. 
  • Compile Bill Schedules: Users can generate bills for a project's entire lifecycle or the preliminary stages. Users can set time for other tasks when they set up recurring billing for projects.  
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  • Time Efficiency: Automate repetitive accounting tasks, such as invoicing and bank reconciliation, freeing up valuable time for strategic decision-making.
  • Real-Time Financial Insights: Access up-to-date financial data and reports, enabling informed business decisions and proactive financial management.
  • Scalability: Easily adapt to business growth with scalable features that accommodate increasing transaction volumes and complex accounting needs.
  • Collaboration: Facilitate seamless collaboration between accountants, bookkeepers, and business owners through shared access to financial data.
  • Cost Savings: Reduce overhead costs associated with manual accounting processes and minimize errors that could lead to financial discrepancies.
  • Compliance Assurance: Stay compliant with local and international accounting standards and regulations, reducing the risk of legal issues.
  • Data Security: Benefit from robust security measures that protect sensitive financial information from unauthorized access and data breaches.
  • Customizable Reporting: Generate tailored financial reports that meet specific business needs, providing clarity and insight into financial performance.
  • Integration Capabilities: Connect seamlessly with other business tools and applications, streamlining workflows and enhancing productivity.
  • User-Friendly Interface: Navigate the software with ease, thanks to an intuitive design that reduces the learning curve for new users.
  • Remote Accessibility: Access your accounting data from anywhere with an internet connection, supporting flexible work arrangements and remote teams.
  • Cash Flow Management: Monitor and manage cash flow effectively, ensuring sufficient liquidity for operational needs and growth opportunities.
  • Customer Support: Receive expert assistance and guidance from a dedicated support team, ensuring smooth operation and troubleshooting when needed.
  • Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing accounting processes and documentation.
  • Decision Support: Leverage analytical tools and insights to support strategic planning and enhance business performance.
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  • Vigilant Dashboard: The dashboard module enables users to pick and choose which key performance indicators (KPIs) are displayed. Users also receive immediate data updates so they can act quickly if problems arise. 
  • Develop and Edit Several Dashboards: Users can create several dashboards to fit the needs of their business. They can also modify pie charts, bar graphs and interactive lists in each dashboard. 
  • Work with Various Currencies: Users can attach receipts and document expenses in multiple currencies for any oversea transactions. 
  • Record and Manage Time: Simple timers and timesheets allow users to record their time quickly and more efficiently. Users can easily alternate between various timers. This module is mobile-friendly, so users can track and record time on any device. 
  • Supervise and Forecast Projects: Users can oversee the financial progress of projects and prioritize the most valuable projects with the project management tool. Users receive prompt answers to the essential project and performance-related questions.  
  • Several Billing Methods: The billing module permits users to choose different forms of billing such as hourly, fixed, retainer and more. Users can also process bills in batches or immediately on a pre-set schedule.  
  • Detailed Reports: Users receive elaborate insights on the financial and operational statuses of their company with the report accessory. Users can design and share reports as PDFs, Word documents or Excel files with the automatic sharing component. 
  • Instant Bank Feeds: The accounting tool authorizes users to develop financial reports such as balance sheets and profit and loss reports based on class or individual projects for intricate insights.  
  • Monitor Employee Performance: Users can utilize Core HR's employee journal to evaluate employees by documenting overall performance, outstanding achievements, conversations and more. 
  • Diverse Integrations: BQE Core integrates with other software like Google Drive, MYOB AccountRight, QuickBooks, Amazon and more.  
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  • Invoicing: Create and send professional invoices with customizable templates, ensuring brand consistency and clarity.
  • Bank Reconciliation: Automatically match transactions with bank statements, reducing manual entry and errors.
  • Expense Management: Track and categorize expenses efficiently, allowing for better financial oversight and control.
  • Multi-Currency Support: Handle transactions in various currencies, ideal for businesses operating internationally.
  • Project Management: Monitor project budgets and timelines, integrating financial data for comprehensive project oversight.
  • Reporting: Generate detailed financial reports, including balance sheets and profit & loss statements, for informed decision-making.
  • VAT Management: Automate VAT calculations and submissions, ensuring compliance with local tax regulations.
  • Mobile Access: Access your accounting data on-the-go with a mobile-friendly interface, enhancing flexibility and responsiveness.
  • Integration Capabilities: Seamlessly connect with other business tools like CRM and e-commerce platforms to streamline operations.
  • User Permissions: Set specific access levels for different users, maintaining data security and integrity.
  • Customer Support: Access a dedicated support team and comprehensive online resources for troubleshooting and guidance.
  • Time Tracking: Record billable hours directly within the platform, simplifying invoicing for service-based businesses.
  • Inventory Management: Keep track of stock levels and manage orders, ensuring efficient supply chain operations.
  • Recurring Invoices: Automate the billing process for regular clients, saving time and reducing administrative workload.
  • Dashboard Overview: Gain insights into key financial metrics with a customizable dashboard, providing a snapshot of business health.
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Product Ranking

#61

among all
Accounting Software

#102

among all
Accounting Software

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Analyst Rating Summary

85
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100
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 97 95 100 93 100 100 58 50 67 80 80 78 100 93 96 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 354 reviews
Fair User Sentiment 1 reviews
86%
of users recommend this product

BQE Core has a 'great' User Satisfaction Rating of 86% when considering 354 user reviews from 4 recognized software review sites.

60%
of users recommend this product

e-conomic has a 'fair' User Satisfaction Rating of 60% when considering 1 user reviews from 1 recognized software review sites.

4.2 (30)
n/a
4.3 (209)
n/a
4.8 (17)
3.0 (1)
4.25 (98)
n/a

Synopsis of User Ratings and Reviews

Intuitive Interface: Easy to learn and navigate, even for non-accountants.
Automation Powerhouse: Saves time and reduces errors with automated tasks like bank reconciliation and invoice generation.
Scalability and Flexibility: Adapts to growing businesses and diverse accounting needs with customizable modules and features.
Actionable Insights: Real-time dashboards and reports provide clear financial visibility for informed decision-making.
Collaboration Booster: Shared workspaces, task assignments, and approval workflows streamline team accounting processes.
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Intuitive Interface: User reviews frequently mention that the software is easy to navigate and understand, even for users without extensive accounting experience.
Comprehensive Features: E-conomic offers a wide range of accounting functionalities, covering core requirements such as invoicing, bank reconciliation, and VAT reporting, eliminating the need for multiple software solutions.
Automation Capabilities: Features like automatic invoice reading and attachment matching streamline accounting tasks, saving time and reducing manual effort for increased efficiency.
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Limited Mobile App: Functionality lags behind desktop version, hindering on-the-go access.
Occasional Bugs: Users report occasional bugs and glitches, impacting workflow.
Steeper Learning Curve: Interface can be less intuitive compared to some competitors, requiring more training.
Customization Effort: In-depth customization can be complex and require technical expertise.
Pricing Complexity: Tiered pricing structure and optional modules can make cost calculations intricate.
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Interface Complexity: User reviews highlight that e-conomic's interface, while generally well-regarded, can become difficult to navigate when dealing with more complex accounting tasks.
Steep Learning Curve: The software may not be suitable for users without a reasonable understanding of accounting principles, potentially limiting its appeal to smaller businesses or those without dedicated accounting staff.
Integration Challenges: Although e-conomic boasts numerous integrations, setting them up effectively might require a level of technical proficiency that not all users possess.
Limited Mobile Functionality: While the desktop version is considered robust, user feedback suggests that the mobile app could benefit from additional features and functionalities.
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BQE Core users praise its intuitiveness and automation features, saving them time and reducing errors. It's lauded for its scalability and flexibility, adapting to growing businesses and diverse needs, which some users find lacking in simpler rivals. Real-time insights and seamless collaboration features are also appreciated, empowering informed decision-making and team efficiency. However, a limited mobile app and occasional bugs can disrupt workflow, drawing comparisons to competitors with more robust mobile experiences. While BQE Core's extensive customization options are admired, some find it steeper to learn and configure compared to user-friendly alternatives. Pricing can also be complex, requiring careful consideration of modules and user licenses, unlike competitors with clearer upfront costs. Ultimately, BQE Core shines for its ease of use, automation, and scalability, but users must weigh occasional technical hiccups and intricate pricing against its strengths. Those seeking a mobile-first or simplified experience might explore other options, while BQE Core excels for businesses prioritizing customization and growth potential.

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Is e-conomic really economical with the truth when it comes to user experience? User reviews from the past year paint a somewhat ambivalent picture of this cloud-based accounting software. While e-conomic is generally lauded for its user-friendly interface and comprehensive suite of features, including electronic invoicing and bank reconciliation, some users find that certain aspects, such as VAT reporting, necessitate a considerable amount of accounting knowledge, potentially posing a challenge for newcomers. This is akin to having a car with all the bells and whistles but needing a mechanic's certification to change a tire. A key differentiator for e-conomic is its robust automation tools, such as automatic invoice reading and attachment matching, which streamline tedious accounting tasks. However, the software's integration setup can be a bit of a head-scratcher, often requiring technical expertise. Furthermore, while e-conomic is praised for its cloud-based efficiency and secure data access, some users find the interface clunky, especially for more complex tasks, like navigating a labyrinthine library. In essence, e-conomic appears best suited for businesses with some existing accounting infrastructure and technical know-how, much like a seasoned chef who can fully utilize a professional-grade kitchen. Smaller businesses or those lacking technical expertise might find the learning curve a tad steep.

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