FinancialForce Accounting is cloud-based accounting software that helps users automate and speed up their financial transactions on the Salesforce platform. Its features include real-time profit and loss (P&L) statement tracking, customizable dashboards, and a multicurrency capability. The software is a great fit for finance teams that utilize Salesforce.
FinancialForce Accounting Pros and Cons
Limited budgeting capability
Seamless Salesforce integration
Reporting system is not that great
Does not require an external server
Who FinancialForce Accounting Is Best For
- Finance teams that use Salesforce: FinancialForce Accounting’s top features, such as an automated billing process and a flexible general ledger, help accounting departments automate and speed up all of their financial operations on their Salesforce platform.
FinancialForce Accounting Pricing
The FinancialForce Accounting pricing guide is not available on its website, but those interested may contact the provider to request its prices. Accounting apps similar to it cost around $10 to $150 per month, depending on the features included.
Popular Accounting Software 2020
Businesses that want the most widely used small business accounting software that scales as they grow
Solopreneurs and freelancers who need to streamline customer invoicing and payment collection
Businesses in the nonprofit, manufacturing and distribution, professional services, contracting, and retail industries
Businesses that use other Zoho products like Zoho CRM
FinancialForce Accounting Features
FinancialForce Accounting’s functionalities help users effectively manage their bookkeeping processes, generate financial analysis, tackle compliance reports, and more. Discover what’s in it for you by looking into its top features below.
Businesses, both large and small, may benefit from FinancialForce Accounting’s general ledger by integrating their financial data into statements. It helps users manage their accounting functions, such as accounts receivable and payable, fixed assets, and cash management; and it’s customizable to fit the unique accounting needs of every business.
Global Tax and Accounting Capabilities
FinancialForce Accounting includes global tax and multicompany accounting capabilities to help users tackle international regulatory challenges, financial penalties, and compliance risks.
Fixed Assets Management
With this feature, users can track and handle their assets easily throughout the entire bookkeeping process as well as manage procurement data from the asset record. It supports a multitude of depreciation methods, including alternate straight line, sum-of-the-years digits, double-declining balance, and straight line.
Native to Salesforce, FinancialForce Accounting’s reporting tool enables users to generate enterprise-wide financial and compliance insights and view critical data on any device.
Most Helpful FinancialForce Accounting Reviews
Users who gave positive FinancialForce Accounting reviews mentioned that its interface is simple and user-friendly. Others said that its integration with Salesforce is great, while some like that it does not require an external server. Meanwhile, those who left negative reviews commented that its reporting system and budgeting capabilities need improvement.
Seamless Salesforce integration
“FinancialForce Accounting integrates flawlessly with Salesforce and allows my company to tap into various parts of the business for accounting needs.”
Reporting system needs an update
Users who left negative reviews said that its reporting system is tedious and burdensome, explaining that it often requires significant input from the support team to perform accounting functions, such as generating new financial statements and multi-company financials.
FinancialForce Accounting Frequently Asked Questions (FAQs)
How many offices does FinancialForce have?
FinancialForce currently has seven global offices: Manchester, New Hampshire; Chicago, Illinois; San Francisco, California; Harrogate, North Yorkshire, England; Granada, Spain; Sydney, Australia; and Toronto, Ontario, Canada.
Can users create customized reporting templates?
Yes, they can. While FinancialForce Accounting, users may use standard reporting dashboards and are given the luxury of creating customized templates.
Is FinancialForce Accounting available on mobile devices?
Yes, it is. FinancialForce Accounting has a mobile app that may be downloaded from Google Play and the App Store.
Our Top Accounting Software Provider Picks
If you aren’t sure that FinancialForce Accounting is right for you, then this article on the 4 Best Accounting Software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed down our recommendations based on features.