6 Best Accounting Software For A Holding Company (2024)

Is managing your funds and investments a big task for you? That involves accounting, right? Accounting is one part of your business you can’t do without, whether a small, medium, or large business. To help you out, you might just decide to subscribe to accounting software works with.

With lots and lots of business accounting software to choose from, you might find it difficult to make that choice. It might be hard for you to know exactly which of these numerous software’s will be suited for your business or company. So, for you as a holding company which software will be best for you.

Here we will lead you on the way to making that decision by outlining the best accounting software for holding companies that will help you run your accounting and finance without hassles. Continue to see our recommendations for you.

Top 6 Best Accounting Software for a Holding Company

After researching, we have checked all the best accounting software for holding companies, which are the top 6 best.

Brand	Starting price	Best for
1. Oracle’s Netsuite	$99	All-in-One Solution
2. Freshbooks	$6 – $20/month	Quick Invoicing
3. Patriot	$20 – $30/month	Growing businesses
4. SAP financial	$120 – $217/month	Cloud-based accounting
5. Microsoft dynamics	$65 – $95/month	CRM accounting
6. Sage Intacct	$25/month	Enterprises

1. Oracle’s Netsuite: Best ERP Accounting Software for Holding Company

Oracle Netsuite is cloud-based accounting software, among the top in the accounting software industry. Created by Oracle, it is an intuitive but strong accounting software integrating all areas of your business into a single enterprise resource program. It combines business value, standards-based technology, and industry experience.

Pricing

The oracle Netsuite being a giant in the league of accounting software, has many prices and plans tailored specifically according to users’ needs and demands. Nevertheless, its price starts from $99.

Features

• It helps you in better and faster decision-making.
• Oracle Netsuite facilitates efficient financial operations.
• With Netsuite, you get better control of your inventory.
• It helps you in customer tracking and management.
• If you want accurate automatic time tracking, oracle Netsuite will give you that.
• The software offers you real-time dashboards.
• It helps create, send and manage your invoices faster.
• It generates great reporting and analytics for you.

Why Do We Recommend Oracle Netsuite as One of the Best Accounting Software for a Holding Company?

Oracle Netsuite offers you advanced financial services, which include campaign management, email marketing, incentive compensation, opportunity, lead management, sales forecasting, among others. From the security, integration’s, reports, invoicing, payment, great customer support, the software is worth ranking among the best. We strongly recommend it as the best ERP accounting software for holding companies.

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2. Freshbooks: Best Accounting Software for Quick Invoicing

Freshbooks is cloud-based accounting software for small and medium-sized businesses. It is simple and easy-to-use accounting software, from the web or on application. Its user interface makes it so easy to use the software without problems. Freshbooks is a simplified software that truly helps you understand and process your transactions, automating almost each of the processes involved in your accounting.

Pricing

Freshbooks comes in four different pricing plans for you to choose from, the lite plan, the plus plan, the premium plan, and the select plan.

The lite plan comes at $6/month.

The plus plan goes for $10/month.

The premium plan is at $20/month.

The select plan is for large businesses, and the pricing is customized.

There is an add-on for each of the four plans.

We will recommend that holding companies go for the premium plan.

Features

• Freshbooks facilitates your online payments.
• Your invoices are generated, sent, tracked, and managed by Freshbooks.
• It easily produces your financial reports for you whenever you need them.
• The software works on the double-entry system, so you are ensured of your accounting process.
• Freshbooks offers you great user-friendliness and customer integration.
• It facilitates online payments.
• Freshbooks will help you track your expenses faster.

Why Do We Recommend Freshbooks as One of the Best Accounting Software for a Holding Company?

Freshbooks offer feature-rich services which immensely help your business. From the fastness, security, reports, invoicing, tax preparation, time tracking, and expense management, Freshbooks offers great customer support to businesses and integrates with other programs and solutions to boost efficiency and visibility. We strongly recommend Freshbooks as the best invoicing accounting software for a holding company.

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3. Patriot:

Patriot Accounting is the best accounting software for holding companies, with an easy-to-use interface that allows you to carry out accounting process online in simple steps. It provides free direct deposits and AP Intego integration for automated payments of workers’ compensation insurance premiums. It also offers cost-effective solutions, including one for companies that choose to file payroll taxes on their own.

Pricing

Patriot Accounting pricing includes a full-service payroll package and a basic payroll option with do-it-yourself tax filings. All plans also come with unlimited payroll runs, paid time off accruals, electronic Form W-2s, and free direct deposits. You can make use of its basic and full-service options to pay staff.

Feature

• Unlimited Pay Runs
• Multiple Pay Frequencies and Locations
• PTO Accruals
• Free Expert Support

Why Do We Recommend Patriot as One of the Best Accounting Software for a Holding Company?

Patriot Accounting is an excellent solution for staffing companies searching for a low-cost method of processing employee salaries. It offers affordable full-service payroll solutions as well as a cheap do-it-yourself option. A number of other benefits are also provided for free, such as direct payments, payroll setting, professional help, and an online employee portal.

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4. SAP: Best Cloud-Based Accounting Software For Holding Company

This is an accounting and reporting software that carries all the needed accounting processes and analyses financial data. It allows you easy access to data and enables managers to make better decisions. The SAP financials are an enterprise resource program software that handles your accounting and records daily accounting transactions in real-time.

Pricing

The SAP financials pricing depends on the type of access you require, among the following,

Direct human access

SAP application access

Indirect/digital access

Any of them is now tailored according to the prescribed need of you, the user.

Features

• SAP gives you a fast and accurate accounting process.
• It facilitates flexible and great reporting.
• The software offers you real-time planning, analysis, budgeting, and forecasting.
• It helps carry out your profit and cost analysis, so you don’t need to worry about handling that.
• It provides transparent and clear financial consolidation.
• SAP enables you to carry out individual and mass billing.
• Your working capital is effectively managed by SAP
• There are built-in compliance and analytics processes.

Why Do We Recommend SAP Financial as One of the Best Accounting Software for a Holding Company?

SAP financial is a cloud-based accounting software made specifically for large firms. It can manage and report on multiple companies in multiple countries and multiple currencies. With the way it handles general ledger, accounts receivables, travel management, bank reconciliation, assets accounting, funds management, among others, we recommend it as the best cloud-based accounting software for holding companies.

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5. MICROSOFT DYNAMICS: Best CRM Accounting Software for Holding Company

This is the accounting software that empowers everyone to adapt. It is made up of enterprise resource software and customer developed by Microsoft. It is made for mid-sized and large companies with complex accounting processes to help run and manage their businesses. It is user-oriented and gives you control even to customize it according to your needs and preferences.

Pricing

The Microsoft dynamics is made up of lots of programs, and each has its pricing plans. They include

The Microsoft Dynamics AX

The Microsoft Dynamics GP

The Microsoft Dynamics NAV

The Microsoft Dynamics SL

The Microsoft Dynamics CRM

We strongly recommend that in choosing the Microsoft dynamics, you subscribe to the one that best fits your company’s needs.

Features

• Microsoft Dynamics gives you insights into your customers.
• With Microsoft Dynamics, you get integrations with Cortana.
• It grants you real-time tracking of income and expenses.
• With Microsoft Dynamics, you get web API enhancement.
• All your financial activities are automatically sorted and controlled by Microsoft dynamics.
• It grants you access to online payment solutions for faster processes.
• Microsoft dynamics track your orders in real-time.
• Accurate accounting reports are generated and presented by Microsoft dynamics.

Why Do We Recommend Microsoft Dynamics as One of the Best Accounting Software for a Holding Company?

Microsoft Dynamics is a strong accounting that makes your financial process secure. It minimizes your business financial risk and helps with complex financial and business management processes. Being cloud-based, you can work with it wherever you are, whether on the go or at your office. We recommend Microsoft dynamics as the best CRM accounting software for a holding company.

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6. Sage Intacct: Best Accounting Software for Enterprises

This is cloud-based accounting software with a lot of interesting features to help you with your business and organizational accounting and financial issues. Whether you are a small, medium, or large company, it offers you a great solution, making your bookkeeping and accounting processes fast and easy. It provides you with enterprise resource software.

Pricing

Sage Intacct comes in different pricing plans, which you can choose from when subscribing to the software. Here they are:

The accounting start plan comes for $10 per month

The full accounting plan comes for $25 per month.

For a holding company, the recommended plan is a full accounting plan as it gives you the needed features to run your company and is also budget intensive.

Features

• Sage Intacct helps you manage your workflow across multiple sites.
• It features a simpler and mobile accounting solution interface.
• It also automates your accounting processes.
• Sage offers you the freedom to customize it to suit your industry.
• It enables you to estimate, create and send invoices easily.
• With Sage, you get a user-friendly interface.
• Sage provides you with the flexibility you need in your accounting processes.

Why Do We Recommend Sage Intacct as the Overall Best Accounting Software for a Holding Company?

Sage Intacct is cloud-based and powerful accounting software that you use in taking care of your businesses. It makes your job processes flow faster, simpler, and more flexible in dealing with, be it a medium or large company.

With its fastness, accuracy, user-friendliness, and great estimations and accounting abilities, we, therefore, recommend it as the overall best accounting software for holding companies looking for the best accounting software to adopt for running the business financial processes.

Last Tip

As a holding company is very crucial for you to know how your funds and investments occur and the factors in play. You can’t excel and grow without proper accounting and management, so it is of utmost importance that you make use of an accounting software well suited to your business, which can help you cross the hurdles of accounting. That is a fact!

As a holding company, you need accounting software that can specifically fit in with the business, and choosing the right software can be a hard duty and a pain for you. Also, don’t forget to think of the organizational effect on your company if the wrong choice is made.

In this post, we have listed the best accounting software for holding companies for you to make the right choice. These different accounting software are ranked based on their different features. In choosing from these software’s, consider their features. Also, bear in mind your target budget and required service before you make your choices.

Ensure that you adopt accounting software that offers you flexibility, ease, support and enables you to grow your business.

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