SBS Financials

SBS Financials streamlines multi-entity accounting, financial reporting, budgeting, and automated workflows for businesses.

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  • Overview
  • Features
  • Pricing
  • Pros
  • Cons
  • Reviews

SBS Financials Overview

  • Updated December 14, 2025

SBS Financials is a cloud-based accounting software designed for businesses of all sizes, offering robust tools for multi-entity accounting, financial reporting, budgeting, and forecasting. Its intuitive interface streamlines tasks like general ledger management, accounts payable/receivable, cash management, and expense tracking.

With seamless API integration, customizable workflows, and real-time dashboards, it enhances efficiency, supports scalability, and provides deep financial insights for informed decision-making.

Key Features

  • General Ledger: Support single and multi-entity management, merges financial data from different charts of accounts, automates intercompany transfers, and offers customizable reporting with real-time visibility.
  • Accounts Payable: Feature customized approval workflows, paperless invoice imaging, and electronic approvals to streamline payments and reduce audit time.
  • Accounts Receivable: Manage cash flow and credit, automate invoice and payment postings to the general ledger, and tracks payment history to minimize bad debt.
  • Cash Management (Bank Book): Handle multiple bank accounts, automate reconciliations (Book to Book, Bank to Book, Book to General Ledger), and import cash transactions from external systems.
  • Consolidations: Enable flexible reporting by department, location, or division, automatically generate consolidated reports, and maintain detailed audit trails.
  • Financial Reporting: Provide built-in and customizable templates, real-time dashboards for KPIs, and drill-down capabilities for detailed financial insights.
  • Budgeting and Forecasting: Allow unlimited budget creation and revisions, restrict manager access by accounts or departments, and automate salary expense calculations.
  • Expense Management: Streamline expense report submission and approval online, post receipts to the general ledger, and support reimbursement via accounts payable or payroll.
  • Project Accounting: Track revenues and expenses for projects like marketing campaigns or capital projects, offering detailed reports by time period or task.
  • Seamless API Integration: Connect with external systems like Microsoft Excel for automated data exchange, enhancing workflow efficiency without programming.
  • Paperless Office: Store invoice images and documents digitally, reducing paperwork and improving audit efficiency.
  • Role-Based Security: Restrict access by user roles, enabling department heads to monitor budgets and manage costs in real time.

Price

Pricing Item / Configuration Cost / Price Indicated Notes
“Basic / entry-level” subscription (minimal deployment) ≈ US $995/month Basic modules — core financials, single entity, minimal features.
Standard cloud-based accounting + core modules “Start here” — often quoted as base price on third-party lists Good for small-to-mid organizations, single entity financials.
Mid / multi-entity / feature-rich deployment (project accounting, payroll, consolidations, multi-division) Custom quote — likely above base starting price Price depends on company size, complexity, modules, usage.
Large / enterprise scale deployment Custom quote (quote required) For organizations requiring consolidation, multiple entities, full suite (ledger, payroll, project accounting, reporting, etc.)

Pros

Competitor Pros of SBS Financials
QuickBooks Enterprise SBS Financials excels in multi-entity accounting, offering seamless consolidation of financial data across various departments, locations, or divisions with real-time reporting and customizable dashboards. Its robust API integration with tools like Microsoft Excel enhances workflow automation, and the cloud-based platform eliminates hosting costs. Users praise its exceptional customer service, responsive support, and flexible reporting tools tailored for complex financial needs, particularly in industries like media and healthcare.
NetSuite SBS Financials provides a more user-friendly interface and stronger customer support, with quick response times and personalized assistance. It offers specialized modules like project accounting and expense management, ideal for businesses needing detailed project tracking. Its budgeting tools allow unlimited forecasts and revisions, and the cloud-based system ensures scalability without the complexity of NetSuite’s broader ERP features, making it more accessible for mid-sized firms.
Xero SBS Financials stands out with its advanced multi-entity consolidation and automated intercompany transactions, which Xero lacks in depth. Its paperless invoice imaging and approval workflows streamline accounts payable, and the system’s ability to import external data simplifies integration. Reviewers highlight SBS’s ease of use, robust financial reporting, and dedicated support, making it a strong choice for businesses needing tailored financial solutions.
Xledger SBS Financials offers superior ease of use and a more intuitive interface, with highly rated accounts payable and receivable modules. Its customizable reporting and real-time KPI dashboards provide deeper financial insights than Xledger’s more rigid structure. SBS’s strong customer support and ability to handle complex multi-entity accounting make it a preferred option for businesses requiring flexibility and scalability.

Cons

Competitor Cons of SBS Financials
QuickBooks Enterprise SBS Financials lacks a comprehensive user manual, which can make initial setup and navigation challenging for new users. Some reviewers note occasional software freezes when errors occur, requiring support intervention. Its reporting in the accounts receivable module may not always align with the general ledger, causing confusion. Compared to QuickBooks’ broader ecosystem and integrations, SBS’s focus on financials limits its functionality for non-accounting tasks.
NetSuite SBS Financials has a higher starting price ($995/month) compared to some competitors, which may deter smaller businesses. Its budgeting module is considered incomplete by some users, lacking detailed work instructions. Unlike NetSuite’s extensive ERP capabilities, SBS focuses solely on financials, potentially requiring additional software for broader business management needs. Some users find report creation complex due to the volume of available data.
Xero SBS Financials does not offer on-premise deployment, limiting options for companies preferring local hosting. Users report difficulties in setting up new import processes, often needing support assistance. The system’s accounts payable module requires identical vendor numbers for intercompany data sharing, which can be restrictive. Compared to Xero’s lower starting price ($20/month), SBS’s cost may be a barrier for small businesses.
Xledger SBS Financials lacks some advanced features like an employee attendance calendar, which users have requested for payroll integration. Its focus on financial modules means it may not fully address needs like inventory or procurement without additional suites. Some users experience delays when changing settings, such as printer configurations. Compared to Xledger’s lower starting price ($750/month), SBS’s pricing may be less competitive for smaller teams.

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