Accounting Software Business

Business Idea: Start An Accounting Software Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$271K
Avg Startup Costs
$16.8K
Score
74
Market Size
Avg Revenue
Min Revenue
$8K/month
Max Revenue
$1M/month
Avg Days To Build
150 days

Accounting software is an important part of any business. Without a definitive accounting system, businesses cannot keep track of debtors, creditors, assets, and liabilities.

According to experts, demand for new and advanced accounting software is increasing than conventional software. Besides, conventional accounting software lacks technological competitiveness, which creates an environment for expansion and upgradation of the accounting software market.

Are you looking for a business idea within the accounting sector? If you understand how accounting systems work, you can build modern accounting software that helps businesses manage accounts receivables, payables, and the general ledger, among others.

Revenue & Profitability

How much do accounting software businesses make?

Startup Costs

How much does it cost to start an accounting software business?

  • It can cost as low as $500 to start an accounting software business.
  • It can cost as high as $1,000,000 to start an accounting software business.

Learn more about the costs of an accounting software business.

Examples Of Successful Accounting Software Businesses

Successful accounting software business businesses and case studies

TenantCloud is a leading property management software designed to assist DIY landlords in managing their rental properties, with revenue projected to reach almost $15 million by the end of 2021.

$1M Monthly Revenue
$250K Startup Costs
Read by 5,189 founders

Workbooks CEO, John Cheney, shares how he identified a gap in the market for affordable CRM solutions for mid-sized businesses and, after raising over Β£8m in seed capital, expanded globally, serving over 1,400 customers across 30 countries.

$50K Monthly Revenue
$1M Startup Costs
Read by 5,305 founders

See full list of successful accounting software businesses.