LedgerSMB vs Exact for Accounting

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

LedgerSMB is a Business & Commerce solution with tags like accounting, erp, smb, webbased.

It boasts features such as 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 pros including 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.

On the other hand, Exact for Accounting is a Business & Commerce product tagged with accounting, bookkeeping, invoicing, financial-reporting, general-ledger.

Its standout features include General Ledger, Accounts Receivable, Accounts Payable, Banking, Inventory Management, Financial Reporting, and it shines with pros like Comprehensive accounting features, Suitable for small and medium-sized businesses, User-friendly interface, Integrates with various business applications.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

LedgerSMB

LedgerSMB

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.

Categories:
accounting erp smb webbased

LedgerSMB Features

  1. Double-entry accounting
  2. Invoicing
  3. Inventory management
  4. Sales and purchase orders
  5. Bank reconciliation
  6. Multi-currency support
  7. Multi-language support
  8. Custom reporting
  9. Role-based access controls
  10. Data import/export
  11. Third-party integrations

Pricing

  • Open Source

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


Exact for Accounting

Exact for Accounting

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.

Categories:
accounting bookkeeping invoicing financial-reporting general-ledger

Exact for Accounting Features

  1. General Ledger
  2. Accounts Receivable
  3. Accounts Payable
  4. Banking
  5. Inventory Management
  6. Financial Reporting

Pricing

  • Subscription-Based

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