SoftLedger VS NewLedger

SoftLedger Pricing

NewLedger Pricing

SoftLedger

• Multi-Entity Consolidation: Instantly centralize financials across multiple business entities and currencies.
• Real-Time Financial Reporting: Access up-to-the-minute insights to guide business decisions.
• Digital Asset Accounting: Automate cryptocurrency transactions and reporting.
• API-First Integration: Seamless connectivity with banks, payment processors, and business tools.
• Smart General Ledger: Adaptive, scalable ledger system supporting rapid transaction processing.
• Accounts Payable Automation: Streamlines approval workflows and reduces manual entries.
• Accounts Receivable Automation: Accelerates collections with recurring and usage-based invoicing.
• Cash Flow Management: Real-time tracking and optimization of working capital.
• Role-Based Access Control: Ensures data security and compliance with customizable user permissions.
• Fast Implementation: Go live in as little as 45 days with dedicated onboarding support.

NewLedger

• Automated Invoice Management: Create, customize, and send professional invoices with payment tracking and reminders.
• Smart Expense Tracking: Automatically categorize and manage expenses with real-time insights and tax-ready records.
• Online Payments Integration: Accept payments via Stripe and 50+ supported methods including credit card and ACH.
• Project-Based Profitability Tracking: Monitor revenue, costs, and profit margins at the project level.
• Real-Time Financial Reporting: Generate balance sheets, profit & loss statements, trial balance, and custom analytics.
• Multi-Business & Multi-Currency Support: Manage multiple business entities and bill in 140+ currencies.
• Customizable Chart of Accounts: Tailor financial categorization to unique business needs.
• Client & Vendor Management: Centralize contacts, track billing, and streamline collaboration.
• Automated Tax Management: Track deductions, write-offs, and calculate taxes for compliance.
• Role-Based Permissions & Security: Control team access with granular permissions and advanced encryption.

SoftLedger Use Cases

• Automating month-end financial close for multi-entity businesses.
• Consolidating accounts and reporting across international subsidiaries.
• Managing digital asset and cryptocurrency accounting in finance operations.
• Integrating financial data from multiple banks and payment systems.
• Streamlining accounts payable and receivable processes.
• Providing real-time financial visibility for CFOs and finance teams.
• Supporting audit and compliance reporting for enterprises.
• Enabling SaaS companies, family offices, and investment firms to manage complex structures.

NewLedger Use Cases

• Automating invoice creation and sending for freelancers and agencies
• Centralizing expense tracking and financial reporting for startups
• Managing multiple entities and currencies for international businesses
• Streamlining project-based accounting for consultancies and creative agencies
• Simplifying tax preparation and deduction tracking for small business owners
• Providing client and vendor management for service providers
• Migrating seamlessly from other accounting platforms like QuickBooks or Xero
• Supporting secure, collaborative financial workflows for growing teams

SoftLedger FAQs

• How does SoftLedger compare to traditional accounting software?

  SoftLedger provides real-time multi-entity consolidation, an API-first architecture, and digital asset accounting, offering more automation and customization than most traditional accounting software.
• How long does it take to implement SoftLedger?

  Most organizations can be fully operational within 30 to 45 days, supported by a dedicated implementation team.
• Can SoftLedger integrate with our existing business systems?

  Yes, the platform's API-first approach allows integration with banks, payment processors, and business intelligence tools, using both pre-built and custom connectors.
• Is SoftLedger suitable for international operations?

  SoftLedger supports multiple currencies and can consolidate financials for entities in different countries, making it ideal for international businesses.
• What security measures does SoftLedger use to protect financial data?

  SoftLedger implements bank-grade security, including SOC 1 Type II compliance, end-to-end encryption, regular audits, and role-based access controls.

NewLedger FAQs

• How does NewLedger compare to QuickBooks for small businesses?

  NewLedger offers more affordable pricing and AI-powered automation, reducing manual data entry and providing specialized features tailored for freelancers, solopreneurs, and small businesses.
• Can NewLedger handle accounting for eCommerce businesses?

  Yes, NewLedger simplifies eCommerce accounting with automatic sales tax calculations for over 50 regions, multi-entity support, and easy marketplace payment reconciliation.
• How secure is my data with NewLedger's cloud accounting software?

  NewLedger uses enterprise-grade encryption, optional two-factor authentication, and automatic backups to ensure your financial data is secure.
• Does NewLedger support automated tax deductions and write-offs?

  Yes, NewLedger’s Smart Write-Offs feature automatically categorizes deductible expenses and tracks mileage, helping users maximize eligible deductions.
• Can I use NewLedger for LLC or corporation accounting needs?

  NewLedger supports all business types, including multi-member LLCs and corporations, with features for profit distribution, contractor management, and compliant reporting.

Uptime Monitor

Uptime Monitor