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Custom Enterprise Accounting Software

Features, Integrations, ROI factors, Costs

ScienceSoft relies on 17 years of experience in accounting software development and practical knowledge of 30+ industries to help enterprises create reliable accounting solutions.

Enterprise Accounting Software: the Essence

Enterprise accounting software covers general ledger capabilities, the management of payables, receivables, taxes and payroll, asset and inventory accounting, automated invoicing and reconciliation, and more. Custom enterprise accounting software is aimed to help large organizations with unique financial management needs digitally transform their complex accounting operations.

An enterprise accounting solution should integrate with CRM, HRMS, asset management software, treasury software, financial planning and analysis solution, etc.

The implementation of custom enterprise accounting software takes 10+ months. Enterprise accounting software development costs $400,000–$600,000, depending on the solution complexity. You're welcome to use our free calculator to estimate the cost for your case.

Despite the substantial investments, the annual ROI for a custom enterprise accounting system may reach up to 290%.

Enterprise Accounting Software: Key Features

Based on ScienceSoft’s experience in enterprise accounting software projects, we have summarized features that form the core of the solution. However, as each real-life use case for such software is unique, functionality should be elaborated on and tailored to the business specifics accordingly.

  • Creating GL entries on external and intercompany financial transactions, including multi-currency transactions.
  • Rule-based assignment of GL codes and classification of financial transactions by category (asset, liability, equity, revenue, expense, etc.)
  • Multi-dimensional chart of accounts (dimensions can include business units, regions, product lines, customers, vendors, etc.).
  • Scheduled reversing and recurring GL entries.
  • Automatically attaching source documents (e.g., invoices, receipts, payroll reports, leases) to each GL entry.
  • Configurable subledgers.
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Multi-entity accounting

  • Complex multi-entity GL architecture to maintain books for multiple company branches and subsidiaries, including those with different functional currencies, account structures, or accounting calendars.
  • Consolidation of financial transactions data across a company’s branches and subsidiaries.
  • Rule-based re-allocation of the accumulated account balances to the branch/subsidiary account balances.
  • Recording intercompany netting transactions.
  • Consolidated reporting on the financial transactions of multiple business entities.
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  • Automated invoice generation and submission to customers (one- time/recurring, in advance/on delivery).
  • Customizable invoice templates.
  • Automated application of taxes, discounts (including those on early payments), additional charges (e.g., interest on late payments, insurance), and billable expenses.
  • Multi-department invoice approval.
  • Real-time invoice tracking by status (sent, received, partially paid, paid, due, overdue, etc.).
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Accounts receivable (A/R)

  • Recording customer invoice data in the A/R ledger.
  • Calculation and real-time tracking of received, due and overdue amounts, DSO, total revenue by period, etc.
  • Automated payment collection via various payment methods, including bank transfers, wire transfers, ACH, credit cards, checks, or by direct debit.
  • Prioritization rules for A/R collection.
  • Automated allocation of received payments to the relevant customer invoices.
  • Scheduled customer notifications on due payments.
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Accounts payable (A/P)

  • Recording purchase order data in the A/P ledger.
  • Calculation and real-time tracking of the amounts paid, partially paid, owed, total liabilities by period, etc.
  • Automatically matching supplier invoices with corresponding purchase orders.
  • Scheduled/ad-hoc payments (to vendors, suppliers, contractors, governmental entities, etc.) via a predefined payment method / by direct deposit.
  • Multi-department payment approval.
  • Notifications on payment dates.
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Payroll management

  • Calculating employee salaries, overtime, bonuses, commissions, deductions, etc.
  • Recording and tracking the calculated payroll amounts in the payroll ledger and the general ledger.
  • Scheduled payments to employees.
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Employee reimbursement management

  • Calculating reimbursement amount per each employee.
  • Recording and tracking reimbursable employee expenses (travel, transport, corporate entertainment, etc.) in the expense ledger and the general ledger.
  • Scheduled payments of employee reimbursement.
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Tax management

  • Calculating VAT, sales, use, withholding, income, and other taxes based on predefined tax rates, including those in various regions.
  • Recording and tracking data on the calculated tax amounts in the tax ledger and the general ledger.
  • Automated tax filing.
  • Scheduled tax payment.
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Fixed asset accounting

Calculating, recording and tracking:

  • Original costs, capitalized costs, and current value of fixed assets, including assets in multiple locations, regions, of various business entities.
  • Fixed asset value depreciation based on various calculation methods (straight line method, double declining balance method, units of production method, sum-of-the-years’ digits method, etc.), or custom depreciation schedules.
  • An asset’s tax basis.
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Inventory accounting

  • Recording and tracking inventory values of inventory items in multiple locations and regions across various stages of production (raw materials, in-progress goods, finished goods) or/and utilization.
  • Recording and tracking costs of goods sold for a specified accounting period.
  • Automatically creating inventory records based on purchase orders.
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  • Automatically matching data on financial transactions provided in daily/weekly/monthly bank statements with those recorded in the general ledger.
  • Rule-based one-to-one, one-to-many, and one-to-all transaction matching.
  • Automated marking of the outstanding transactions to be reconciled manually.
  • Automated intercompany reconciliation.
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  • Real-time dashboards on A/R and A/P performance, cash inflows and outflows by the type of activity, current asset value, etc.
  • Short-term A/R and A/P forecasting.
  • Customizable templates for scheduled/ad-hoc financial reports, including:
    • Balance sheet.
    • Profit and loss statement.
    • Statement of changes in equity.
    • Cash flow statement.
    • Customer statement.
    • A/R turnover ratio.
    • Tax summary.
    • Revenue recognition report, and more.
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Security and compliance

  • Multi-factor authentication.
  • Data-level permissions.
  • Role-based access control.
  • Payment data encryption.
  • Invoice timestamping.
  • Comprehensive audit trail.
  • Customer data retention and deletion policies.
  • Compliance with GAAP (specifically ASC 606 and IFRS 15), SOC1 and SOC2, SOX, GDPR (for the EU), ZATCA regulations (for Saudi Arabia), industry-specific regulations.
  • Electronic signature workflow.
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Power Enterprise Accounting with Robust Software

ScienceSoft’s team is ready to plan, build, and support a reliable accounting solution to help you effectively consolidate, record, and report financial transactions at the enterprise level.

Essential Integrations for Enterprise Accounting Software

To ensure timely and accurate aggregation, recording and reporting of enterprise-wide financial data, ScienceSoft recommends setting up the following integrations:

Essential integrations for enterprise accounting software - ScienceSoft

  • CRM: importing sales orders and quotes from CRM to enterprise accounting software to use relevant data for invoice generation and recording the invoice amount in the GL.
  • Procurement system: importing purchase orders from a procurement system to enterprise accounting software for the automated data input in the A/P ledger.
  • Treasury software: importing real-time data on financial transactions across operating, investment, financing activities from treasury software to enterprise accounting software for automated creation of entries in the general ledger, A/P and A/R ledgers.
  • Asset management software: importing data on fixed asset utilization and maintenance from asset management software to enterprise accounting software for accurate calculation of asset depreciation.
  • Inventory management software: importing data on inventory purchasing and utilization from inventory management software to enterprise accounting software for accurate calculation of current inventory value.
  • HR management software: importing data on the employee working schedules and pay rates from HR management software to enterprise accounting software for accurate payroll calculation.
  • Financial planning and analysis software: importing data on revenue, expenses, fixed assets, liabilities from enterprise accounting software to financial planning and analysis software for accurate financial performance analysis, financial planning, budgeting, and forecasting.
  • Bank accounts: importing real-time data on financial transactions across multiple domestic and international bank accounts to enterprise accounting software for faster reconciliation.

Success Factors for Enterprise Accounting Software

Drawing on 17 years of experience in accounting software design and development, ScienceSoft’s experts have defined important factors, which help bring the customer additional value across enterprise accounting processes.

Maximized automation

To eliminate repetitive, time-consuming manual accounting tasks, such as financial transactions recording and reconciliation, payroll, taxes and depreciation calculation, and free up the accounting team for high-value, strategic enterprise accounting activities.

Embedded BI tool

To enable advanced visualization of complex analytics on receivables and payables turnover, recognized and deferred revenue, accumulated depreciation, etc.

OCR capabilities

To capture and extract relevant data from paper financial documents (invoices, receipts, remittances, etc.).

AI-enabled fraud protection

To ensure timely detection and alerting on fraudulent financial transactions with real-time transaction analysis.

Cloud deployment

To reduce software maintenance costs, enable faster updates, and provide easily accessible, secure workspace for global collaboration.

Easy-to-use APIs

To provide streamlined connection of enterprise accounting software to the business-critical systems and ensure real-time data sync.

Enterprise Accounting Software Development: Success Stories by ScienceSoft

Enterprise Accounting Software Development Steps 

Enterprise accounting software development is a complex process that involves business analysis, solution planning and design, coding, testing, enterprise integration, software maintenance and upgrading with new capabilities. Implementation of enterprise accounting systems with ScienceSoft covers the following important steps: 










Enterprise Accounting Software Implementation Costs and Financial Outcomes

Pricing Information

Costs for building the enterprise accounting solution vary between $400,000 and $600,000, depending on the software complexity.

Want to know the cost of your enterprise accounting solution?

Get a free estimate

The annual ROI for custom enterprise accounting software may reach up to 290%.

Benefits of enterprise accounting software

  • 90%

    improvement in accuracy of recording financial data due to eliminated manual error

  • 90%

    improvement in visibility across accounting transactions

  • 80%+

    time saved due to max automation of accounting processes

  • 50–100%

    faster financial close

  • 2x

    faster revenue recognition with accurate A/R recording

  • Up to 50%

    reduction in DSO due to automated A/R collection

  • Improved

    audit readiness due to easy access to the source documents

Off-the-Shelf Enterprise Accounting Software ScienceSoft Recommends

FinancialForce Accounting

Best for

Enterprise-wide accounting and complex financial analysis.


Rating: Key player on the global market for enterprise accounting software (as per Global Enterprise Accounting Software Market Report).

Key strengths:

  • Native integration with Salesforce CRM for end-to-end order-to-cash management.
  • Intelligent analytics on financial performance and profitability powered by Salesforce Einstein.
  • Automated revenue recognition.


  • Multi-dimensional chart of accounts.
  • Automated workflows for invoice and payment approvals.
  • One-time and recurring invoicing.
  • Scheduled customer notifications on A/R collection.
  • Automated bank and intercompany reconciliation.
  • Tracking fixed asset costs, warranties, and depreciation.
  • Pre-built financial report templates.
  • Compliance with ASC 606, IFRS 15, SOC 1, Making Tax Digital (MTD) for VAT (for the UK), and more.


  • $175 user/month – access to all features for core users.
  • $125 user/month – read-only access for executive users.
  • $10 user/month – limited read-only access for sales users.

QuickBooks Enterprise

Best for

Advanced inventory and payroll accounting for enterprises operating in manufacturing, retail, or construction industries.


Rating: Key player on the global market for enterprise accounting software (as per Global Enterprise Accounting Software Market Report).

Key strengths:

  • Automated creation of entries in the inventory subledger and general ledger with inventory barcode scanning.
  • 130+ built-in financial report templates, including industry-specific (for manufacturing, wholesale, retail, construction, etc.).


  • Full audit trail of accounting data entries.
  • Consolidated invoicing.
  • Automated categorization of payment transactions for faster payment-to-invoice matching.
  • Payroll calculation and payment with printed checks or direct deposit.
  • Federal and state payroll tax calculation and filing.
  • Calculating and tracking costs of inventory items required for product manufacturing.
  • Calculating depreciation based on the IRS standards.
  • Access control based on 13 predefined user roles.


From $380/month for 5 users (basic Desktop Enterprise package) to $2,783/month for 30 users (Cloud Enterprise package with advanced inventory and pricing capabilities).


Best for

Accounting for enterprises operating internationally or managing multiple subsidiaries.


Rating: Key player on the global market for enterprise accounting software (as per Global Enterprise Accounting Software Market Report).

Key strengths:

  • Advanced multi-entity accounting.
  • 3-level general ledger structure (category, sub-category for summary, and account for detail).
  • In-built BI tool providing advanced analysis and reporting on financial performance (company-wide, by location, department, project, etc.)


  • Subsidiary-level coding of ledger transactions.
  • Budget creation and variance tracking.
  • One-time and recurring invoicing.
  • Automated allocation of received payments.
  • Centralized storage of source documents.
  • Automated bank reconciliation.
  • Calculating, paying, and reporting taxes across multiple business entities based on the region-specific regulations.
  • Product pricing and discount management.
  • Creating custom fixed asset categories to apply various depreciation methods.


  • Essential plan – €250/month (a basic feature set).
  • Growth plan – €450/month (an advanced feature set).
  • Enterprise plan – pricing info is available upon request to a vendor (for highly complex needs).

When to Choose Custom Enterprise Accounting Software

ScienceSoft recommends building a custom enterprise accounting solution in the following cases:

You need an enterprise accounting solution with modular multi-tier architecture that allows easy functionality extension when needed.

You need corporate accounting software providing specific features, for example, custom payroll and employee reimbursement calculations, or creating tailored priority rules for payment and debt collection queues.

Ready-made enterprise accounting software requires costly and effort-consuming integration with your back-office systems (asset management software, inventory management software, treasury software, etc.).

Off-the-shelf enterprise accounting solutions do not provide compliance with the regulations in the regions your company operates.

Implementation of Enterprise Accounting Software with ScienceSoft

In financial software development since 2007, ScienceSoft helps enterprises build effective accounting solutions.

Enterprise accounting software consulting

  • Analysis of your complex enterprise-wide accounting needs.
  • Assessment of the existing enterprise-wide accounting processes and tools.
  • Suggesting optimal features, architecture, and tech stack for the enterprise accounting solution.
  • Preparing an integration plan (with CRM, asset management system, treasury software, etc.).
  • Implementation cost & time estimates, expected ROI calculation.
Go for consulting

Enterprise accounting software implementation

  • Enterprise-wide accounting needs analysis.
  • Enterprise accounting solution conceptualization.
  • Architecture design.
  • Enterprise accounting software development.
  • Integrating the solution with other enterprise systems (CRM, asset management system, treasury software, etc.).
  • Quality assurance.
  • User training.
  • Continuous support and evolution of enterprise accounting software (if required).
Go for implementation

What our Customers say

ScienceSoft was to cover end-to-end development of an intelligent invoice processing module for our Azure-based accounts payable product. They selected and implemented techs that ensured the system’s availability and fault-tolerance. We were particularly pleased with neat alignment of the developed module with our requirements. The new software module performs stably even under heavy load.

ScienceSoft’s team members proved to be extremely flexible and responsive. They stayed in daily contact with us, which allowed us to adjust the scope of works promptly and implement new requirements on the fly. Additionally, the team delivered demos every other week so that we could be sure that the invoicing system aligned with our business needs.

ScienceSoft’s developers proactively resolved the challenges that surfaced during the project. They proved to be knowledgeable and thoughtful. They offered a simple yet well-functioning way to integrate our financial portal with the data management and accounting systems, which allowed us not to get stuck with overcomplicated data synchronization.

About ScienceSoft

ScienceSoft is a global IT consulting and software development company headquartered in McKinney, Texas. We provide full-cycle consultancy and development services to help businesses build reliable enterprise accounting software tailored to their needs. Being ISO 9001- and ISO 27001-certified, we apply a mature quality management system and guarantee that cooperation with us does not pose any risks to our customers’ data security.