Accounting Software Services We Provide
We offer services to satisfy every request
Consulting on technologies and approaches
The full cycle of development from UX/UI design to deployment
Extension of existing functionality
Migration to a new system
Third-party integrations with essential enterprise systems, e.g. ERP
Essential Elements of a Custom Accounting System
Accounting software development enables you to enrich your solution with any functionality
Accounts management
The module allows for tracking accounts payable and accounts receivable to ensure smooth management of expenses and liabilities by period. It also enables you to collect all incoming payments from various sources in one place and create recurring invoices through the invoicing system.
Invoice management system
Using accounts receivable data, the automated invoice system helps create invoices quickly, accelerating the billing cycle. With customizable templates and automatic document generation, you can create invoices within minutes, significantly reducing human error.
Payroll system
The custom accounting system provides adjustable formulas and calculators to speed up the payroll process. The system allows for working-time tracking, tax management, and fund deductions as well as transferring salaries to the employees’ bank accounts.
Tax management
The system simplifies tax calculation using custom accounting system data and region-specific tax rates. It also offers automatic generation and filing of tax declarations in line with regional requirements. The opportunity to create a tax calendar with reminders ensures that taxes are paid on time.
Cash and asset management
Asset management software is a real-time asset tracking system that allows for recording and controlling all asset transfers across the business. The system collects all tangible and intangible assets in one place and provides centralized management.
Bank reconciliation
With the custom accounting system, you can create bank reconciliation statements with a few clicks to provide a comparison of a company’s balance with the actual amount in its bank accounts. This helps companies avoid money loss, remove duplicate transactions, and control cash manipulations.
Time tracking and inventory management systems
The inventory system enables the accounting of inventory values at all stages of production from raw materials to finished products. If an organization provides services, it needs a time-tracking system that allows control of all working hours to transfer data to the invoice management system and payroll module.
Analytics and reporting
AI-driven analytics allows you to monitor business performance and get comprehensive data-driven recommendations to enhance decision-making. The system provides data in manageable and intuitive dashboards and enables automated financial reporting.
Security and compliance
To ensure the security of all business data, the custom accounting solution must have a strong security system. This includes multi-factor authentication, layered access, multi-level data encryption, fraud detection, etc. The solution also has to comply with GAAP, GDPR, and industry-specific and local regulations.
Benefits of a Custom Accounting System
Why choose custom accounting software development instead of a ready-made solution?
Customization
With custom software development, you get a solution that matches your business model and covers unique business tasks. You can also stay one step forward and include functionality that not only meets current requirements but also features you may need as your organization grows.
Work automation
The system automates bookkeeping tasks, prevents data loss, and allows for automated financial reporting, thereby reducing human error. The system also enables you to create documents quickly using information from databases. Thus, you can optimize manual and repetitive tasks and focus on essential business processes.
Data accessibility
With such software, you don’t have to waste time searching for relevant information, as the system keeps all data in one place and provides easy access to it. The solution offers a real-time review of financial data, ensures transparency, and allows you to control revenue flow and financial performance.
Facilitated processes
The custom accounting system simplifies the recording and management of financial operations and makes cumbersome tasks easier to complete. It offers instructions and sets of patterns that allow for performing financial processes within minutes. The system also streamlines forecasting and reporting to improve budgeting and financial planning.
Solution reliability
With custom software development, you can be sure that your solution not only complies with common standards such as PCI DSS, GDPR, and TDS but also with local and industry regulations that are relevant to your business. Compliance with regulatory requirements ensures a high level of security, so you can be certain of keeping important business and customer data safe.
Accelerated financial procedures
As all elements of accounting software are connected, you can speed up the entire financial workflow, from cash management to invoice creation. This is achieved through document recognition and generation, collecting and keeping financial transactions, automated financial reporting, etc. This way you can reduce errors, decrease costs, and increase overall productivity.
Types of Accounting Software
Find the most suitable option for your solution
On premises
The solution is installed on the client’s local server. Access can only be gained from devices that are part of the enterprise computing infrastructure. A license is also required.
Web-based
The system is hosted on a remote server available to customers for a fee, provides access through a web browser, and requires an uninterrupted internet connection. A fee is charged monthly for the use of software.
Cloud-based
The most scalable and cost-effective option, as the solution is located in the cloud and doesn’t require maintenance and updating on the client’s side.
Key Stages of Accounting Software Development
The proven workflow enables us to deliver high-quality accounting solutions
Step 1. Project planning
At this step, we elicit your needs and project requirements. Then, we determine the scope of work and provide project estimation based on functionality, type of hosting, technology stack, etc.
Step 2. Designing
We create the UX/UI design of your solution to provide a user-friendly interface. We also build solution architecture and functional mapping to connect all modules and ensure a smooth user experience.
Step 3. Full-cycle development
Based on the results of the designing phase, we create a comprehensive accounting system leveraging Agile methodologies. Also in this step, we integrate the solution with third-party systems.
Step 4. Testing
Experienced QA specialists cover every part of your solution with tests to ensure high-quality solutions and smooth, bug-free performance.
Step 5. Data migration
We input all available data from spreadsheets or previously used accounting tools into the new system, and then the solution is ready to use.
Step 6. User training
If needed, we can train your employees to work with the new system. The step is optional.
Custom Accounting Software Development Costs
Factors affecting the overall cost
Project requirements costs
Costs related to the requirements and complexity of the system include:
- the amount of data that needs to be transferred;
- data storage capacity;
- type of hosting;
- number of features and functional systems;
- technology stack.
Operating costs
Costs associated with establishing and working with the development team, and other organizational issues:
- team size and expertise;
- developer’s location;
- timelines;
- engagement model.
Additional costs
In budget planning, costs from this category play a vital role as they’re essential for accounting software:
- third-party integrations;
- compliance with industry and local regulations;
- employee training;
- solution deployment.
Develop a Custom Accounting Solution with HQSoftware
The benefits you get by cooperating with us
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Focus on usability
Since accounting is a complex process in itself, we aim to simplify it as much as possible and create user-friendly solutions. We thoroughly design the solution architecture and user scenarios, eliminating unnecessary interactions. Our designers focus on providing an easy-to-use interface.
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Data security
We pay extra attention to the robust security of business-sensitive data. Therefore, we build solutions in compliance with security regulations such as GDPR, SOX, Basel II, PCI DSS, and more. We also ensure compliance with regional and industry-specific regulations.
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Advanced technology expertise
We keep up to date and are ready to implement cutting-edge technologies, such as AI and ML, to increase solution efficiency. We also provide seamless integration with third-party systems on demand and create scalable software that can handle any possible workload.
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End-to-end development
We guide you through the full-cycle development, from technical consulting to project delivery to build custom accounting software that meets all business needs. Along the way, we ensure transparent communication and use proven team management approaches to provide smooth collaboration.
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Quick start
It takes us from 2 weeks to a month to establish a software development team according to your requirements. We build a team of specialists with internationally recognized skill certificates and practical experience in creating fintech solutions that meet all your needs in the best possible way.
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Rich industry experience
Our goal is a high-quality outcome, which is confirmed by more than 450 successfully implemented projects. Our experience includes many fintech projects and has been acknowledged by Inc. 5000, Clutch, and GoodFirms.
Customer Stories
450 business goals reached through tech solutions since 2001
Partnerships Beyond Business
We work with people, not logos
How to Start a Partnership with 3 Easy Steps
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Send project requirements
This can be a detailed list of requirements with technical documentation as well as a brief description of business needs.
Get prompt feedback from us
We will hold a consultation to clarify project details and provide a free estimate.
Start your project
Upon the preliminary stage, we build a team in the shortest possible time to start project development.
FAQ With Accounting Software Developers
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Sergei Vardomatski
Founder