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 94K 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. 21
    Budgyt

    Budgyt

    Accounting Software

    Budgyt is an affordable Business Budgeting Software for Small to Midsize Companies and Nonprofits.

    $932K

    18

    2013

    Accounting Software

  2. 22
    Virtual Software Inc.

    Virtual Software Inc.

    Accounting Software

    Virtual Software is an online time tracking and expense reporting solution for small businesses and enterprises.

    $826K

    27

    2001

    Accounting Software

  3. 23
    ExpensePath

    ExpensePath

    Accounting Software

    ExpensePath is a very simple web and mobile solution to help companies easily and affordably manage the processing of expense reports.

    $682K

    9

    2010

    Accounting Software

  4. 24
    Hubshare

    Hubshare

    Accounting Software

    Hubshare is a collaborative and secure file sharing platform that allows professionals to collaborate more effectively and efficiently.

    $673K

    23

    2012

    Accounting Software

  5. 25
    Finstant

    Finstant

    Accounting Software

    Finstant is a cash flow forecasting software platform that builds accurate cash flow forecasts by turning business decisions into numbers.

    $660K

    $100K

    8

    2018

    Accounting Software

  6. 26
    CRMZi

    CRMZi

    Accounting Software

    Online, secure and easy to use customer relationship management (CRM) and accounting solution for small business owners.

    $644K

    9

    2016

    Accounting Software

  7. 27
    KashFlow Software

    KashFlow Software

    Accounting Software

    KashFlow Software is a simple but powerful, online accounting package developed with small business owners in mind.

    $592K

    58K

    27

    2006

    Accounting Software

  8. 28
    WorkingPoint

    WorkingPoint

    Accounting Software

    WorkingPoint provides online business and finance management software for small businesses.

    $554K

    $188K

    32

    2005

    Accounting Software

  9. 29
    Reward Super

    Reward Super

    Accounting Software

    RewardSuper develops and markets RSDataWeb, a web based data automation and integration tool for Accounting and Financial Services firms

    $420K

    20

    2009

    Accounting Software

  10. 30
    Bkper

    Bkper

    Accounting Software

    Bkper simplifies finances, with a collaborative bookkeeping workspace for G Suite.

    $420K

    5

    2015

    Accounting Software

21-30 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.