GMS Accounting Cost
How much does it cost to purchase and implement GMS Accounting?
What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?
Software price
GMS Accounting offers three pricing plans: Basic, Pro, and Enterprise. The Basic plan starts at $20 per month for a single user, the Pro plan is $50 per month for up to 5 users, and the Enterprise plan is $100 per month for unlimited users. For global enterprises, GMS Accounting offers a custom pricing plan based on the organization’s specific needs.
Plans compared
The Basic plan includes essential accounting features such as income and expense tracking. The Pro plan adds features like invoicing and inventory management. The Enterprise plan offers advanced features like multi-currency support and project accounting.
Plans fit
The Basic plan is best suited for startups and small businesses with limited accounting needs. The Pro plan is ideal for growing businesses that require more advanced accounting features. The Enterprise plan is tailored for larger businesses and global enterprises with complex accounting requirements.
Other cost
Implementation of GMS Accounting is straightforward and usually takes a few hours to set up. The average cost of implementation for small businesses is around $200, while larger enterprises may incur implementation costs of up to $1000. Customization options are available at an additional cost, with prices varying based on the extent of customization required. Training costs range from $100 for small businesses to $500 for larger enterprises.
One time fees
GMS Accounting is a cloud-based software, so there are no specific hardware requirements. There are no one-time fees associated with the software. However, additional services such as data migration or integration with third-party applications may incur extra costs.
Alternatives compared
Compared to alternatives such as QuickBooks, Xero, and FreshBooks, GMS Accounting is competitively priced, especially for larger businesses with more users. While QuickBooks may offer lower pricing for smaller businesses, GMS Accounting provides a more comprehensive solution for medium to large enterprises.
Verdict
GMS Accounting offers a range of pricing plans to cater to businesses of all sizes. With its competitive pricing, especially for larger enterprises, and a wide range of features, GMS Accounting is a cost-effective solution for businesses looking for advanced accounting capabilities. I would give GMS Accounting a pricing grade of 85 out of 100.
