Accounting Software Development

When QuickBooks, Xero, or an aging in-house system can no longer keep up with your entities, volumes, or workflows, Devox builds accounting software around the way your finance team actually works, from the general ledger to reporting and ERP integrations.

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Our Services

Accounting Software Development Services We Provide

From the general ledger to payroll and audit trails, here's what we build.

  • General ledger management

    We can assist in developing general ledger management software. It allows for recording, classifying, and summarizing financial data to create accurate financial statements. With this service, you can ensure accurate and secure storage for your customers’ data and contribute to the transparency of financial transactions.

    • Recording transactions
    • Categorizing transactions
    • Reconciling accounts
    • Generating financial statements
  • Accounts payable and receivable

    Accounts payable and accounts receivable are two different processes in accounting operations. Accounts payable tracks what your company owes suppliers; accounts receivable tracks what customers owe you. We can create custom accounting software that will help you automate the management behind those processes.

    • Transaction recording
    • Maintaining cash flow
    • Invoicing
    • Payment monitoring
  • Invoicing and billing

    Create and deliver invoices, as well as bill your customers to track payments. The Devox team can create a software solution to generate accurate invoices and bills, manage customer relationships, collect payments on time, and keep your users’ finances secure.

    • Invoice generation
    • Payment tracking
    • Automatic notifications
    • Reports creation
  • Financial reporting

    Generate income statements, balance sheets, and cash flow statements automatically from ledger data, and distribute them to stakeholders on schedule.

    • Income statement
    • Balance sheet
    • Cash flow statement
    • Statement of changes in equity

    Need dashboards across all your financial data? See our business intelligence services.

  • Budgeting and forecasting

    We focus on building budgeting and forecasting solutions to enable customers to set financial goals. This way, such software can help with risk mitigation and precise decision-making.

    • Financial goal setting
    • Resource allocation
    • Risk identification
  • Payroll management

    Our team can assist in building payroll management software. It can calculate and distribute employee paychecks and manage tax withholdings with the payroll management software. It complies with taxes, ensures timely payments, and keeps payroll accurate and on time.

    • Employee data management
    • Pay calculation
    • Tax withholding
    • Record keeping
  • Cash flow management

    We are experienced in developing various systems, including cash flow management tools. Track and manage the inflows and outflows of cash in a business. With detailed cash needs forecasting, you can provide your business with financial stability. Meet financial obligations, make investment decisions, and maintain profitability.

    • Cash flow forecasting
    • Balance monitoring
    • Flow optimization
    • Cash management
  • Audit trails and control

    During accounting software development, we build systems ready for audits. An audit trail allows monitoring and recording of all alterations made to financial data. Keep track of the audit trail of all financial transactions and implement internal controls for risk mitigation and fraud prevention.

    • Transaction recordings
    • User access controls
    • Real-time reporting
    • Compliance monitoring

    Keep track of the audit trail of all financial transactions and implement internal controls for risk mitigation and fraud prevention.

Our Process

Our Accounting Software Development Process

Our process adds the steps accounting systems need on top of a standard SDLC: data migration, reconciliation testing and a safe cutover.

01.

01. Validate

  • Clearing out the project ideas
  • Defining project requirements
  • Complying with industry regulations
  • Getting the rough estimate
02.

02. Plan

  • Conducting a risk assessment
  • Figuring out the development time
  • Setting deadlines
  • Getting the detailed estimate
03.

03. Design

  • Analyzing the competitors’ solutions
  • Creating the visual concept
  • Creating the design app screens
04.

04. Develop and Test

  • Building an app architecture
  • Integrating required features
  • Finding and fixing bugs
  • Ensuring the app meets requirements
  • Migrating historical data
  • Reconciling migrated balances
05.

05. Assess Security

  • Checking app compliance
  • Testing multi-factor authentication
  • Undergoing penetration testing
  • Examining data protection
06.

06. Deploy and Maintain

  • Running old and new systems in parallel before cutover
  • Delivering software
  • Supporting the product
  • Improving software
  • 01. Validate

  • 02. Plan

  • 03. Design

  • 04. Develop and Test

  • 05. Assess Security

  • 06. Deploy and Maintain

Security

Why Security is Crucial for Robust Accounting Software Development

Accounting software development requires following security standards and protocols since it is crucial to protect sensitive financial and personal information for any financial app.

  • Multi-factor authentication

    Advanced security protects sensitive information. Multi-factor authentication allows ensuring that only authorized users can access the app.

  • Configurable data-level permissions

    Control access down to the entity, account or field level, so each team sees only the financial data it's responsible for.

  • Role-based access control

    Set your users and employees on different permissions levels. Each user and employee will have different data segments they view and work with.

  • Payment data encryption

    Financial and payment data is encrypted at rest and in transit, with keys managed through cloud key management services.

  • Customer data retention and deletion policies

    Customers’ data will be deleted after the retention time frame is achieved. Get enhanced security, as sensitive data won’t be stored on the servers after the set time frame.

  • Segregation of duties

    Separate who creates, approves and posts transactions, so no single user can complete a financial process alone.

Custom Features

Custom Features to Add to Your Accounting Software Development

01

Income & Expense Reporting

Track and manage your customers’ expenses and reporting quickly by keeping everything in one place. Record income and expenses, categorize transactions, and generate reports.

02

Invoice Management

Automate payment requests and issuing processes with invoicing software. Create professional invoices and track payments.

03

Payment Management

Help users manage their financial transactions with comfort and stability. Track, send, and receive payments to streamline the payment processes and reduce errors.

04

Tax Calculation

Automate the process of calculating taxes. Input users’ financial data to calculate taxes accurately and quickly, making tax compliance easier and more efficient for your business.

05

System Integrations

Connect your accounting software to ERP, CRM, payroll, banks and payment providers. Automate data transfer and eliminate manual entry.

06

Bank Feeds & Auto-Reconciliation

Import bank transactions automatically and match them to ledger entries, leaving your team only the exceptions.

07

Multi-Entity & Multi-Currency

Run several legal entities and currencies in one system, with automatic consolidation and FX revaluation.

08

AI Invoice Data Extraction

Pull vendor, amounts and line items from PDF and scanned invoices, and route them for approval without manual entry.

Industry

Accounting software has to produce numbers auditors and regulators accept. We build with these standards in mind.

As a technology partner, we deliver end-to-end products with AI-augmented, cross-functional squads across architecture, FE/BE, data/BI, QA, and DevOps.

[Accounting and audit standards]

  • GAAP

  • IFRS

  • SOX

  • PCAOB

  • ISA

[Security standards]

  • PCI DSS

  • GDPR

  • ePrivacy

[Digital signature regulations]

  • SES

  • QES

  • AES

  • eIDAS

  • PAdES

[Financial legislation]

  • AMLD

  • PSD2

  • AML/CFT

Find the Model That Fits

Engagement Models for Accounting Software Development

01

Accounting Software Discovery

Let’s figure out what your software needs to handle.

We examine how your accounting processes work today, from transaction records and reconciliations to financial reporting and approvals. Our architects review your existing systems, integration needs, and security requirements to identify what should be built or improved first.

Read more
02

Project-Based Development

You define the outcome. We take care of delivery.

Need an automated reconciliation tool, an accounts payable solution, or a custom reporting platform? We take your project from requirements and architecture through development, testing, and deployment. We agree on the scope, milestones, and acceptance criteria upfront, so you know what to expect. You review working features along the way and get software that fits your accounting workflows.

Read more
03

Dedicated Development Team

Your accounting platform grows. Your team stays with it.

Financial products need regular updates as reporting requirements evolve, transaction volumes grow, and customers ask for new capabilities. We assemble a dedicated team of developers, QA engineers, and integration specialists who learn your platform and its financial logic. You manage the product roadmap and priorities while we handle team management and keep development moving across releases.

Read more
04

Staff Augmentation

Your developers lead. Our specialists help them deliver.

Have an in-house team but need extra expertise in financial software? Bring in engineers experienced in payment integrations, general ledger systems, accounting APIs, or automated financial reporting. Our specialists join your existing workflows, tools, and sprints under your team’s direction. You keep control of technical decisions while adding the skills needed to move your accounting software forward.

Read more
Case Studies

Our Latest Works

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  • .NET
  • Node.js
  • AWS
  • Docker
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  • React Native
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USA USA

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  • Kafka
  • Redis
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  • Backend
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  • DevOps & Infrastructure
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A real estate portal designed to streamline property search, simplify renting and buying decisions with personalized housing recommendations.

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  • NET Core
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  • ELK
  • Angular
  • React Native
  • NgRx
  • RxJS
  • Docker
  • GitLab CI/CD
Country:

UAE UAE

Trusted by

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Awards & Certifications

Industry Contribution Awards & Certifications

Check Devox Software’s awards on rating and review platforms, recognized among the top software development companies, along with the certifications our team members hold.

  • Awards
  • Certifications
  • UpWork

    UpWork

  • Clutch

    Clutch

  • The Manifest

    The Manifest

  • DesignRush

    DesignRush

  • MC.today

    MC.today

  • Clutch

    Clutch

  • Clutch

    Clutch

  • AppFutura

    AppFutura

  • Clutch

    Clutch

  • GoodFirms

    GoodFirms

  • DesignRush

    DesignRush

  • UpWork

    UpWork

  • Professional Scrum Master™ II (PSM II)

    Professional Scrum Master™ II (PSM II)

  • Professional Scrum Product Owner™ I (PSPO I)

    Professional Scrum Product Owner™ I (PSPO I)

  • Microsoft Certified: DevOps Engineer Expert

    Microsoft Certified: DevOps Engineer Expert

  • Quality Assurance ISTQB Foundation Level

    Quality Assurance ISTQB Foundation Level

  • Java Development Certified Professional

    Java Development Certified Professional

  • Certified Artificial Intelligence Scientist (CAIS)

    Certified Artificial Intelligence Scientist (CAIS)

  • Oracle Database SQL Certified Associate

    Oracle Database SQL Certified Associate

  • ITSMS Auditor/Lead Auditor of ISO Standard 20000

    ITSMS Auditor/Lead Auditor of ISO Standard 20000

  • Microsoft Certified: Azure Fundamentals (AZ 900)

    Microsoft Certified: Azure Fundamentals (AZ 900)

  • Claude Certified Developer - Foundations (CCDV-F)

    Claude Certified Developer - Foundations (CCDV-F)

  • Cisco CCNA certification

    Cisco CCNA certification

  • PL-400: Power Platform Developer Associate

    PL-400: Power Platform Developer Associate

  • Claude Certified Partner

    Claude Certified Partner

  • Certified Kubernetes Application Developer (CKAD)

    Certified Kubernetes Application Developer (CKAD)

Testimonials

Testimonials

Carl-Fredrik Linné                                            Sweden

The solutions they’re providing is helping our business run more smoothly. We’ve been able to make quick developments with them, meeting our product vision within the timeline we set up. Listen to them because they can give strong advice about how to build good products.

Darrin Lipscomb Darrin Lipscomb
Darrin Lipscomb United States

We are a software startup and using Devox allowed us to get an MVP to market faster and less cost than trying to build and fund an R&D team initially. Communication was excellent with Devox. This is a top notch firm.

Daniel Bertuccio Daniel Bertuccio
Daniel Bertuccio Australia

Their level of understanding, detail, and work ethic was great. We had 2 designers, 2 developers, PM and QA specialist. I am extremely satisfied with the end deliverables. Devox Software was always on time during the process.

Trent Allan Trent Allan
Trent Allan Australia

We get great satisfaction working with them. They help us produce a product we’re happy with as co-founders. The feedback we got from customers was really great, too. Customers get what we do and we feel like we’re really reaching our target market.

Andy Morrey                                            United Kingdom

I’m blown up with the level of professionalism that’s been shown, as well as the welcoming nature and the social aspects. Devox Software is really on the ball technically.

Vadim Ivanenko Vadim Ivanenko
Vadim Ivanenko Switzerland

Great job! We met the deadlines and brought happiness to our customers. Communication was perfect. Quick response. No problems with anything during the project. Their experienced team and perfect communication offer the best mix of quality and rates.

Jason Leffakis Jason Leffakis
Jason Leffakis United States

The project continues to be a success. As an early-stage company, we're continuously iterating to find product success. Devox has been quick and effective at iterating alongside us. I'm happy with the team, their responsiveness, and their output.

John Boman John Boman
John Boman Sweden

We hired the Devox team for a complicated (unusual interaction) UX/UI assignment. The team managed the project well both for initial time estimates and also weekly follow-ups throughout delivery. Overall, efficient work with a nice professional team.

Tamas Pataky Tamas Pataky
Tamas Pataky Canada

Their intuition about the product and their willingness to try new approaches and show them to our team as alternatives to our set course were impressive. The Devox team makes it incredibly easy to work with, and their ability to manage our team and set expectations was outstanding.

Stan Sadokov Stan Sadokov
Stan Sadokov Estonia

Devox is a team of exepctional talent and responsible executives. All of the talent we outstaffed from the company were experts in their fields and delivered quality work. They also take full ownership to what they deliver to you. If you work with Devox you will get actual results and you can rest assured that the result will procude value.

Mark Lamb Mark Lamb
Mark Lamb United Kingdom

The work that the team has done on our project has been nothing short of incredible – it has surpassed all expectations I had and really is something I could only have dreamt of finding. Team is hard working, dedicated, personable and passionate. I have worked with people literally all over the world both in business and as freelancer, and people from Devox Software are 1 in a million.

Insights

Our Experts' Insights

Invisible Protection: Embedding AI-powered Cybersecurity into Financial Workflows

Fintech App Development Overview: Estimates, Must-haves, Challenges And Process

Open Banking API: Your Complete Guide to a Fintech Game-Changer

Questions

Questions You May Have

  • How much does it cost to develop custom accounting software?

    Accounting software development prices vary from case to case. It is an investment and should be seen as an input aimed at further enhancing the profitability of your business. If you’re looking for a more detailed quote, you should contact us and schedule a consultation. To cut costs, you can try some standard methods like starting out with an MVP.

  • Which tech stack can you offer for my accounting software solution?

    We follow a single-page application approach and RESTful services. Our key technologies are Angular, React, and Vue.js for front-end development .NET, Node.js, Java, PHP, and Python are used for back-end solutions. But each business is unique, and if you need any custom solution, we’d be glad to discuss it with you.

  • How long does it take to develop accounting software?

    The accounting software development time depends on the features and app complexity. It’s better to share your idea with an experienced development team to get a rough estimate of the time required to build your accounting software.

  • Should we build custom software or extend QuickBooks, Xero or NetSuite?

    If off-the-shelf software covers 80% of your needs, extending it is usually cheaper, and we’ll tell you so. Custom makes sense when workarounds, manual exports, and add-ons cost your team more time than the system saves, or when accounting is part of the product you sell.

  • Can you migrate our historical data from the current system?

    Yes. We migrate ledgers, balances, vendors, customers, and transaction history, then reconcile the migrated figures against your existing records before switching over, so your books stay consistent.

  • Will it work with our ERP, bank, and payroll provider?

    Yes. Integrations are part of almost every accounting project we build. We connect to your ERP, CRM, banks, payment providers, and payroll via APIs, so data moves automatically instead of through spreadsheets.

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