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. 01
    Dashable.com

    Dashable.com

    Accounting Software

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

    $4M

    87

    2012

    Accounting Software

  2. 02
    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

  3. 03
    eifas

    eifas

    Accounting Software

    SaaS Financial Advisory Platform

    $3M

    49

    2016

    Accounting Software

  4. 04
    eBridge Connections

    eBridge Connections

    Accounting Software

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

    $3M

    45

    1993

    Accounting Software

  5. 05
    Accountfy

    Accountfy

    Accounting Software

    Accountfy is a Software as a Service (SaaS) platform that provides several tools for financial management.

    $3M

    $11M

    117

    2017

    Accounting Software

  6. 06
    Inqom

    Inqom

    Accounting Software

    Inqom is an accounting software based on AI which automates bookkeeping and generates balance sheet in real time.

    $2M

    $8M

    30

    2015

    Accounting Software

  7. 07
    Synder

    Synder

    Accounting Software

    Easy accounting for e-commerce businesses

    $2M

    $2M

    20K

    47

    2016

    Accounting Software

  8. 08
    Furey Financial

    Furey Financial

    Accounting Software

    Furey provides back-office solutions by leveraging cloud software, custom solutions and a team of experts in support of venture startups.

    $2M

    46

    2017

    Accounting Software

  9. 09
    Tallie

    Tallie

    Accounting Software

    Tallie is business expense report automation software that streamlines the entire expense management process.

    $2M

    46

    2001

    Accounting Software

  10. 10
    Red Flag

    Red Flag

    Accounting Software

    Red Flag develops an automated accounting, expenses, and invoicing platform for SMEs.

    $1M

    $8M

    21

    2016

    Accounting Software

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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.