Exact for Accounting vs LedgerSMB

Struggling to choose between Exact for Accounting and LedgerSMB? Both products offer unique advantages, making it a tough decision.

Exact for Accounting is a Business & Commerce solution with tags like accounting, bookkeeping, invoicing, financial-reporting, general-ledger.

It boasts features such as General Ledger, Accounts Receivable, Accounts Payable, Banking, Inventory Management, Financial Reporting and pros including Comprehensive accounting features, Suitable for small and medium-sized businesses, User-friendly interface, Integrates with various business applications.

On the other hand, LedgerSMB is a Business & Commerce product tagged with accounting, erp, smb, webbased.

Its standout features include Double-entry accounting, Invoicing, Inventory management, Sales and purchase orders, Bank reconciliation, Multi-currency support, Multi-language support, Custom reporting, Role-based access controls, Data import/export, Third-party integrations, and it shines with pros like Free and open source, Customizable and extensible, Web-based for easy access, Scales from small to mid-sized businesses, Integrates with many other apps, Active development community.

Feature	Exact for Accounting	LedgerSMB
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Business & Commerce

Product Overview

Exact for Accounting

Description: Exact for Accounting is an accounting software designed for small and medium-sized businesses. It offers features for general ledger, accounts receivable, accounts payable, banking, inventory, and financial reporting.

LedgerSMB

Description: LedgerSMB is an open source accounting and ERP software solution. It is web-based, customizable, and integrates with many external applications. Target users are small and medium businesses looking for an affordable but full-featured accounting system.

Key Features Comparison

Exact for Accounting Features

• General Ledger
• Accounts Receivable
• Accounts Payable
• Banking
• Inventory Management
• Financial Reporting

LedgerSMB Features

• Double-entry accounting
• Invoicing
• Inventory management
• Sales and purchase orders
• Bank reconciliation
• Multi-currency support
• Multi-language support
• Custom reporting
• Role-based access controls
• Data import/export
• Third-party integrations

Pros & Cons Analysis

Exact for Accounting

Pros

• Comprehensive accounting features
• Suitable for small and medium-sized businesses
• User-friendly interface
• Integrates with various business applications

Cons

• Limited customization options
• Relatively complex for basic accounting needs
• Pricing can be expensive for smaller businesses

LedgerSMB

Pros

• Free and open source
• Customizable and extensible
• Web-based for easy access
• Scales from small to mid-sized businesses
• Integrates with many other apps
• Active development community

Cons

• Can be complex for non-accounting users
• Limited support options
• Less features than proprietary ERPs
• Moderate learning curve

Pricing Comparison

Exact for Accounting

• Subscription-Based

LedgerSMB

• Open Source