The Top Accounting Software SaaS Companies

As of Jan 2020, these 39 SaaS companies are the largest in the Accounting Software space. (Click to apply)

This list tracks the largest private B2B Accounting Software SaaS companies by revenue. In total, this list features 39 companies with combined revenues of $2.7B.

These companies have raised a total of $0.0. Together, these Accounting Software saas companies serve 11K customers and employ over 21K on their teams.

$0 - $1M ARR
  1. Fieldguide $945.7K
  2. Budgyt $932.0K
  3. ExpensePath $682.1K
  4. Hubshare $673.3K
$1M - $5M ARR
  1. eifas $3.2M
  2. Accountfy $2.6M
$5M - $10M ARR
  1. Bench $5.7M
$10M+ ARR
  1. Sage $2.5B
  2. BancPay $100.8M
  1. 01
    Sage

    Sage

    Accounting Software

    Sage is a management software company that develops and markets accounting software for small & medium businesses.

    $2B

    11K

    15K

    1981

    Accounting Software

  2. 02
    BancPay

    BancPay

    Accounting Software

    BancPay is an intelligent cloud invoicing service that allows all types of companies to create & exchange invoices electronically.

    $101M

    2K

    1973

    Accounting Software

  3. 03
    EisnerAmper

    EisnerAmper

    Accounting Software

    EisnerAmper LLP is a leading full-service advisory and accounting firm, and is among the largest in the United States.

    $68M

    1K

    1965

    Accounting Software

  4. 04
    FinancialForce

    FinancialForce

    Accounting Software

    FinancialForce develops cloud back-office applications for salesforce CRM.

    $16M

    $194M

    809

    2009

    Accounting Software

  5. 05
    Paymentwall

    Paymentwall

    Accounting Software

    Paymentwall is a global payments platform which provides 150 local payment methods, incl. credit cards and e-wallets, in 200+ countries.

    $10M

    236

    2010

    Accounting Software

  6. 06
    Bench

    Bench

    Accounting Software

    Bench is the online bookkeeping service that pairs you with a dedicated bookkeeping team and simple, elegant software to balance your books.

    $6M

    $49M

    166

    2012

    Accounting Software

  7. 07
    Dashable.com

    Dashable.com

    Accounting Software

    Dashable is a web software that helps businesses with time tracking.

    $4M

    87

    2012

    Accounting Software

  8. 08
    Mark 2 Market

    Mark 2 Market

    Accounting Software

    Mark 2 Market provides consulting services in treasury management, financial risks, and accounting.

    $3M

    $613K

    44

    2010

    Accounting Software

  9. 09
    eifas

    eifas

    Accounting Software

    SaaS Financial Advisory Platform

    $3M

    49

    2016

    Accounting Software

  10. 10
    eBridge Connections

    eBridge Connections

    Accounting Software

    Cloud-based accounting and ERP integration for eCommerce, EDI, CRM and more

    $3M

    45

    1993

    Accounting Software

1-10 of 39

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What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.