7 Top Logistics Accounting Software (Features + Prices)

Unlike standard accounting software, it refines the accounting process, automates billing and invoicing, and analyzes profitability based on variables specific to the logistics industry. 

But given the plethora of choices, which accounting software platform should you pick?

In this article, we’ll explore what logistics accounting software is, its different types, and the leading software solutions in the market. We’ll also discuss the 8 essential features of a logistics accounting software tool and the latest trends in logistics management.

What Is Logistics Accounting Software?

Logistics accounting software is a financial management system that can handle multiple financial tasks for your supply chain management or logistics company. It integrates accounting principles into logistics-related functionalities to streamline business operations.

Whether your freight forwarding business involves collaborating with a trucking company or is provider of shipping carriers, logistics accounting software can help with:

  • Maintaining accurate financial records of shipment bookings
  • Automating invoices for customs, shippers, and clients
  • General ledger accounting
  • Reporting on financial performance in real-time 
  • Bank reconciliation service feature and more

Now, there are different logistics accounting software platforms in the market. 

Let’s review the options available.

Types of Logistics Accounting Software

Logistics accounting software is broadly classified into integrated and standalone software:

1. Integrated Accounting Software

All accounting functions in an integrated accounting software solution are interconnected, eliminating the need to re-enter information from one system to another. 

Integrated accounting software usually includes modules that work together and share information in real time, ensuring accurate and efficient financial management. These modules include:

  • Accounts payable
  • Accounts receivable
  • General ledger management 
  • Order fulfillment
  • Financial reporting 
  • Payroll functions 

Such integrated systems also reduce the possibility of human error or the need to reconcile various ledgers since they update automatically.

A popular integrated accounting system is Enterprise Resource Planning (ERP) software. ERP software helps logistics and transport companies manage day-to-day business and finance activities, making it ideal for small or mid-sized production or distribution-based enterprises.

For example, Enterprise Resource Planning platforms like Shipthis integrate accounting management solutions with other core freight forwarding processes like: 

  • Quote management
  • Tariff and rate/pricing
  • Customer relationship management (CRM)

Moreover, Shipthis’ comprehensive systems offer a centralized database for managing financial transactions, reporting, and analysis for your logistics business.  

Note: Besides ERP, integrated systems include third-party logistics and cloud-based platforms.

2. Standalone Accounting Software

A standalone accounting system is an independent software or application designed solely for accounting purposes. Unlike integrated accounting systems that combine multiple functionalities of a freight forwarding business, standalone accounting systems focus solely on accounting tasks. Plus, they don’t integrate with other business processes or systems.

Now, let’s check out the top logistics accounting software tools best suited for your business needs.

7 Leading Logistics Accounting Software Platforms

Below are the top logistics accounting software solutions for freight forwarders.

1. Shipthis

Shipthis is a robust, AI-driven, cloud-based ERP software solution that covers all aspects of your freight forwarding operations, from bookings to end-to-end financial transactions.

Some key features that make Shipthis a standout accounting system include:

  • Dedicated dashboard for accounting that provides easy access to all your finance data and documents
  • Multi-currency capabilities you can use in sales, quotes, expense reports, order management, and invoicing
  • Creation of custom and professional invoices with a single click
  • Visibility into your customers’ activity balance, past credit history, and credit status to minimize days sales outstanding
  • Provision of global trade and customs compliance solutions


Shipthis’ pricing starts at $89/month per user. 

2. NetSuite Cloud Accounting

NetSuite Cloud Accounting is an accounting platform that integrates with other NetSuite platforms. These other platforms include order fulfillment and inventory management, financial management capabilities, e-commerce, and more.

NetSuite Cloud Accouting’s key features include:

  • Management of financial transactions in the cloud
  • Payment management to increase collections and get real-time financial data insights
  • Automated accounts payable and accounts receivable for streamline invoice delivery, payment processing, and collections management
  • Reporting tools to optimize cash flow, monitor bank accounts, manage liquidity, and make informed decisions.


NetSuite Cloud Accounting’s pricing is available upon request.

3. Quickbooks

QuickBooks is a standalone accounting software that tracks your business revenue and organizes all financial information.

Quickbooks’ key features include:

  • Automated invoice management 
  • Secure import and organization of financial transactions
  • Organization of bills and scheduled payments on a single dashboard
  • Sales, cash flow, accounts receivable, and accounts payable reports


Quickbooks has paid pricing plans starting at $18/month.   

4. Zoho Books

Zoho Books is a cloud-based platform that undertakes all accounting operations for your logistics company, ranging from core accounting to bank reconciliation.

Zoho Books' key features are:

  • Creation of customized invoices and faster online payment options for better customer service
  • Categorization and reconciliation of your accounts 
  • Permitting direct upload of invoices to IRP to stay e-invoicing compliant 
  • Scheduling reports to get real-time data for business optimization


Besides a free plan, Zoho Books offers paid pricing plans starting at $20/month per organization. 

Note: Zoho also offers a warehouse management software (WMS) tool called Zoho Inventory to address all your inventory control and management needs.

5. FreshBooks

FreshBooks is a cloud-based accounting platform with tools that enable easy creation, sending, and tracking of invoices. 

Some of its top features are:

  • Revenue tracking with easy invoicing and payment options 
  • Financial reports, like profit and loss, expense reports, sales tax summaries, etc.
  • Tax services and unlimited tax advisory to make informed decisions
  • Automatic bank reconciliation to approve, change, and import transactions directly from your bank account 


FreshBooks offers paid pricing plans starting at $8.50/month for five billable clients.

6. CargoWise

CargoWise is an ERP logistics software platform with accounting tools that simplify global trade by managing rising tariffs and regulations and addressing margin pressures.

Its top features include:

  • Manage costs, revenues, and profitability of jobs strategically
  • Transfer charges to general ledger reports automatically
  • Process transactions in different currencies
  • Request book payments for processing and foreign exchange quotes with third-party payment service providers


CargoWise’s pricing is available upon request.

7. Descartes

Descartes is cloud-based logistics management software involved in global trade-related intelligence. It helps with accounting, inventory management, assets, and customer support information.

Descartes’ top features are:

  • Multi-divisional accounting and financial analysis
  • Operational and financial management
  • General ledger capabilities
  • Analytics technology to transform big data from your supply chain into usable insights about operations and customer satisfaction


Descartes pricing is available upon request.

While these tools boast impressive features, the best logistics accounting software must have certain indispensable features:

8 Essential Features of Logistics Accounting Software

A sound logistics accounting software system must have the following key features to enhance operational efficiency:

1. End-to-End Accounting and Financial Operations

The software must keep track of all accounting data, invoices, purchase orders, and cash inflows on a single platform. It should streamline end-to-end accounting in your organization and simplify every financial operation for all stakeholders.

For example, Shipthis' GAAP Compliant Accounting Module lets you stay on top of all financial transactions with its dedicated dashboard.

2. Job Management and Revenue Recognition

Besides undertaking essential accounting functions, your software system must optimize resource allocation to maximize revenue.

What’s more?

Better inventory control and labor handling will help you manage the workforce or team more effectively.

3. Forex Management

Your logistics and freight forwarding business must have multi-currency capabilities that can be utilized in quotes, sales, invoicing, billing, etc. 

A logistics accounting software platform with a currency manager panel, like Shipthis, lets you add pre-decided base points or fixed corrections. It also periodically updates exchange rates for your organization. 

4. Accounting Automation and Workflows

With a logistics accounting software solution, you can create a customized workflow depending on your organization’s needs. It’s also important that your platform automates accounting processes to improve productivity and ensure a smoother workflow.

5. Agent Set-offs, Account Payables, and Receivables Management

Logistics accounting software should ideally be equipped with a dashboard that relays all cash management data in real-time. This lets you track receivables and payables at any time and even send reminders to clients for pending payments. 

6. Profitability Analysis Capabilities

An all-in-one logistics accounting platform will have a profit and loss analysis tool that allows you to monitor all significant financial transactions of your freight forwarding business. 

7. Automated Bank Integration for Reconciliations 

The logistics software system should allow for easy integration with major banks from around the world. This lets you access bank statements in direct feeds.

Moreover, it should also facilitate easy data exchanges with other shipping apps with open APIs.

8. Advanced Reporting and Analytics   

Accounting software should give you easy access to all your financial data and documents in one place. 

It should also present all the information visually, helping you manage inventory, approve workflows, handle costs, forecast profits, and more with a single click. 

But here’s the thing:

These essential accounting offerings should go hand-in-hand with upcoming market trends in logistics or freight management. This will help further the longevity and use of your logistics software solution. 

So, let’s explore the market trends in the logistics industry.

Latest Market Trends in Logistics Management

Some of the latest trends in the logistics management sector include:

1. Shipment Visibility   

New logistics software or transportation management systems (TMS) provide you with the date, time, and status of the shipment, including inland and onboard movements. They also help with route planning, making revisions automatically, and notifying all parties of any changes. 


Inventory transfers in the freight forwarding business (like in a trucking company) have been fast-tracked with RFID and GPS. RFID scanning lets you know when your shipment has arrived, while GPS lets you know its exact location during transit. 

Moreover, the future of logistics management seems poised to embrace tools and technologies that will boost supply chain visibility. Platforms like Shipthis already provide a dedicated dashboard that lets you track and trace your shipments and provides real-time visibility.

2. Focus on Compliance Tracking 

The logistics industry must adhere to strict regulatory guidelines linked to every part of the supply chain management process. Some of these guidelines include:

  • National and international regulatory requirements
  • Border procedures, like custom declarations 
  • Industry standards 
  • Trade agreements
  • Internal corporate policy 
  • Contractual obligations
  • Environmental laws 
  • Export license compliance

That’s why logistics accounting software systems must let you track your shipment’s customs clearance status. 

And that’s not all…

These management software tools should also provide regular updates about compliance laws you may have overlooked. This facilitates adherence to regulatory rules and reduces the risk of penalties and fees.

3. Automation, Workflow, and Productivity Tools

New-age logistics accounting software systems have provisions to automate all processes in your business through customizable workflows. 

You can seamlessly undertake step-by-step shipment processes by automating critical processes like: 

  • Assigning tasks
  • Setting priorities with shipment milestones 
  • Container transportation tracking
  • Fleet management
  • Exceptions 

Powerful freight forwarding platforms, like Shipthis, offer an insightful dashboard that helps you customize workflows to streamline every operation. Plus, employees can view all their pending tasks from workflows and identify those on high priority.

4. Increased SaaS Propagation

With the software industry transitioning to service-based products instead of one-time purchases, freight forwarding software solutions are also making the shift. 

Many logistics management software vendors now let you either deploy applications on-site or host systems through the vendors' servers.

5. Digitization of Freight Forwarding

The freight forwarding industry handles huge amounts of data. Manual processing of simple tasks can lead to inconsistencies and errors, or waste a lot of time. 

However, with digitalization, you can:

  • Improve internal communication 
  • Assess error-free financial reporting 
  • Reduce paperwork
  • Enhance customer service
  • Boost supply chain visibility
  • Better fleet management
Ready to Boost Your Productivity with Logistics Accounting Software?

While a standalone logistics accounting software tool takes care of just the accounting functions of your enterprise, an integrated system manages multiple tasks seamlessly.

That’s why it’s easy to enhance your business’ operational efficiency with an integrated accounting solution that marries the accounting feature with top market trends — like Shipthis.

Shipthis’ logistics software solution automates and digitizes key operations to streamline your freight forwarding business. It puts you at the forefront of digital transformation in the freight forwarding and logistics industry. 

Ready to get started?

Book a free demo of Shipthis.

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