Accounting Seed Reviews & Pricing

Key Features

• Billing: Create an invoice, start a project or make a recurring billing plan without tedious integration. Customize recurring billing to business requirements. Configure and personalize the system for simple, smarter billing and payment management. 
  • Bookkeeping: Make sure that the business has relevant tax data and error-free and consistent bookkeeping with Avalara. Ensure seamless high-level security transactions without any fee structure with Stripe. Manage billing at the contract level by monitoring past, present and future activity. Make billing simpler with automatic subscription renewals. 
• Accounts Receivable: Bridge the gap between invoices and payment cycle for a productive cash flow. Automate collection notices and monitor customer activities, aging balances in real-time with configurable dashboards and reports. 
  • Single-View Visibility: Maintain visibility of the project lifecycle and manage customer communication with custom processes. Compile accounts receivable data from any date or time and gain real-time visibility. Get a single view of billing quotes and incoming sales orders. Eliminate the need for repetitive billing work and get paid faster. 
• Revenue Recognition: Free up the finance department’s time with a CRM-integrated customizable revenue management system. Enhance financial accuracy and make well-informed decisions by recognizing patterns, establishing connections and classifying financial data. 
  • Customizable Accounts Receivable: Customize accounts receivable for revenue recognition based on policies and procedures to ensure an efficient process. Streamline business workflow by automating revenue recognition. Minimize dependency on multiple IT resources with custom configuration. Record and edit contracts natively without the need of any additional integration software. 
• Recurring Payments: Eliminate repetitive manual calculation with usage-based billing and built-in tiered payments. Customize the solution according to the business model. Make single or batch billing records from single or multiple sales opportunities. Create invoices from sales orders at any stage of completion with a click. Use time cards or expense reports to create bills. 
• Paying Vendors: Customize the purchasing process and link a purchase order with a manufacturing or construction order as the business demands. Analyze stock level and purchase inventory without the hassle of integration points. Make transactions easier with the connectivity to over 14,500 banks and credit card companies. 
• General Ledger: Gain complete control of charts of accounts set up with the analytical and intuitive financial management software. Manage user configuration without coding or customization and automate back-office operations with ease. 
• Multi-Currency: Pay foreign vendors and receive payments in any currency. Keep track of the gain and losses based on fluctuations in the exchange rates with the standard pronouncements. Save time and money by automating conversions for transactions. Create compliant reports in multiple currencies. Minimize the possibility of errors with automated financial consolidation tools. 
• Multi-Company: Manage budget for multiple companies in a single database. Share sales quotes and opportunities, vendors, charts of accounts, projects and accounting periods between different entities. Get real-time insights by switching between companies and local account views. Boost visibility and control with flexible, multi-company reports. 
• Bank Reconciliation: Clear bank transactions and make quick reconciliations with minimal data entry using Bank Direct Connect. Ensure correct and up-to-date information by tracking changes with the audit trail function. 
  • Statement Management: Get statements from any bank and reconcile checking, savings and credit card accounts. Efficiently manage bank errors, keep an eye for frauds and maintain accurate cash flow. 
• Sales Order Management: Save time and money with a streamlined sales order process. Make a sales order from the inventory in the CRM. Reserve products for a particular customer’s orders by designating the items. Capture packaging and shipping details from a single interface. 
  • Purchase Orders: Generate purchase orders directly from sales. Monitor and manage warehouse and inventory directly into one integrated system. Build a customized solution with kitting, serialized and non-serialized inventory, historical inventory balance reporting, multi-warehouse and multi-location environments. 
• Project Accounting: Consolidate general ledger and project accounting into one system. Eliminate confusion and wasted time with an integrated general ledger and connected project system. Manage resources and gain rich insights from the financial reporting dashboards. 
  • Project Tracking: Keep track of the individual project and monitor overall business health. Analyze past projects and make the right project bid. Effectively track and manage the lifecycle of the project from beginning till the end. 
• Tax Accounting: Organize and store accounting data in one cloud-based platform. Ensure compliance, accuracy and efficiency with Avalara integration, providing 360-degree sales tax compliance control. 
  • Real-time Data: Get access to financial data in real-time and gain optimal flexibility for VAT reporting, tax calculation. Get an automatic sales tax calculator. Create VAT returns with Avalara VAT reporting and digitally transmit it to the tax authorities. 
• Data Security: Keep data safe with secure API, strong SalesForce IT infrastructure, two-factor authentication, user permissions, real-time event monitoring. Make sure your business is safe and the data is secure with a reliable, flexible solution. 
• Point and Click Configuration: Create translation for the configuration with the translation workbench. Update data fields with workflow rules and process builders. 
• Integration: Credit disbursement, collection tracking and customer interaction can be managed with SalesForce CRM integration, while Stripe integration helps with online payment collection. 
• Drag-and-Drop: Drag-and-drop editing allows the managed reports configuration allowing for a future data export to Excel. Track expenses, reports and budgets with a consolidated general ledger. 

Approach to Common Challenges

• Manual Data Entry: Accounting Seed automates repetitive tasks like bank reconciliations, invoice generation, and expense tracking, reducing errors and saving time.
• Disconnected Systems: It seamlessly integrates with Salesforce, unifying sales, customer, and financial data for a holistic view of business performance.
• Reporting Delays: Real-time dashboards and customizable reports provide instant insights into key financial metrics, enabling fast decision-making.
• Compliance Risks: Built-in compliance features ensure adherence to industry regulations and standards, reducing audit risks.
• Limited Visibility: Role-based access controls allow secure sharing of financial data with relevant stakeholders, promoting collaboration and transparency.
• Collaboration Challenges: Built-in approval workflows streamline financial processes and ensure accountability across departments.
• Scalability Issues: Accounting Seed's cloud-based architecture supports business growth without the need for costly infrastructure upgrades.

Cost Of Ownership

• Q: What are the different pricing tiers and what's included?
  A: Accounting Seed offers tiered plans based on monthly user subscriptions. The entry-level Essential plan starts at $750/month and covers basic accounting functions for small businesses. The Advanced plan ($1,500/month) adds project accounting, inventory management, and advanced reporting. Finally, the Enterprise plan ($2,500/month) caters to large organizations with custom features and dedicated support. Choosing the right plan depends on your business size, specific needs, and desired level of customization.
• Q: Are there any additional costs I should consider?
  A: While core functionalities are covered by the subscription, additional costs may arise. Setting up custom features or integrations might involve consulting fees. You might also incur per-user charges for exceeding your plan's user limit. Understanding your potential usage and comparing it to different plans is crucial to avoid budget surprises.
• Q: Is Accounting Seed cheaper than its competitors?
  A: Comparing cost directly is challenging because features and implementation vary. Accounting Seed falls in the mid-range compared to similar cloud-based accounting software. While some budget-friendly options exist, they might lack features or offer limited scalability. Ultimately, considering factors like long-term ROI, workflow efficiency gains, and the value of Salesforce integration can help determine if Accounting Seed's cost justifies its benefits.

Limitations

•  Reporting isn’t good. 
•  Complicated features. 
•  Tedious set-up. 
•  Cost per user is high. 
•  Doesn’t offer a Sales Order feature. 
•  Lacks integration capabilities. 

Suite Support

FAQ

• Q: Can Accounting Seed handle complex accounting needs?
  A: Accounting Seed caters to both simple and complex accounting requirements. While its core features excel at everyday tasks like payables and receivables, its advanced modules handle multi-entity accounting, project accounting, and inventory management. Its customization options further tailor it to specific industry needs.
• Q: How does Accounting Seed integrate with other software?
  A: As a Salesforce native app, Accounting Seed seamlessly integrates with the entire Salesforce ecosystem. Additionally, it offers numerous pre-built connections to CRM, payroll, and other third-party software, creating a unified data hub for streamlined workflows.
• Q: How secure is Accounting Seed?
  A: Accounting Seed prioritizes data security with multi-layered safeguards. Role-based access controls, user permissions, and data encryption ensure financial information remains secure. Regular security audits and compliance with industry regulations provide further peace of mind.
• Q: Does Accounting Seed offer mobile access?
  A: Currently, Accounting Seed doesn't have a dedicated mobile app. However, its web-based interface is optimized for mobile devices, allowing users to access key data and complete basic tasks on the go.
• Q: How does Accounting Seed support users?
  A: Accounting Seed offers comprehensive support resources, including a knowledge base, user forums, and video tutorials. Additionally, paid support plans provide access to dedicated customer support teams for personalized assistance and training.
• Q: What are the benefits of migrating to Accounting Seed?
  A: Migrating to Accounting Seed offers numerous advantages, including increased efficiency, improved data accuracy, enhanced reporting capabilities, and seamless integration with Salesforce. Users experience reduced manual work, better visibility into finances, and streamlined financial processes.
• Q: Can Accounting Seed scale with business growth?
  A: Accounting Seed's cloud-based architecture adapts to growing businesses. Its tiered pricing options and flexible configurations allow you to upgrade seamlessly as your needs evolve. Additional users, modules, and custom features can be added on demand, ensuring your accounting solution scales alongside your company.