8 Accounting Software Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start An Accounting Software Business

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.

Here are some real life success stories of starting a accounting software business:

1. TenantCloud ($12M/year)

The founder of TenantCloud, who grew up in a small reservation town, became both an investor and a landlord, experiencing the challenges firsthand. Recognizing the need to streamline property management for landlords, they created a product that combines various functions such as rent collection, tenant screening, maintenance scheduling, and accounting all in one platform, catering to the 15 million landlords in the US who own 21 million rentals and house 60 million tenants. With a projected revenue of $15 million in 2021, TenantCloud has achieved profitability and plans to continue growing by making strategic acquisitions in the future.

How much they make: $12M/year
How much did it cost to start: $250K
Current team size: 130

We Launched A $12M/Year Property Management SaaS For Landlords & Tenants

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.

About

Joe started TenantCloud over 9 years ago

Revenue

Joe grew the business to $1M/month

Costs

It cost Joe $250000 to start the business

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So... can you actually make money with a accounting software business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

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4. Wave Financial Inc.

Where they're located: South Australia, Australia
Website traffic: 7.61M/month

5. FreshBooks

The best cloud based small business accounting software. Send invoices, track time, manage receipts, expenses, and accept credit cards. Free 30-day trial.

How much they make:
Where they're located: Nashville, Tennessee, USA
Current team size: 592

So... can you actually make money with a accounting software business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Quicken

For over three decades, Quicken has been providing the best money management software on the market. Get Quicken and take control of your finances today.

Website traffic: 1.1M/month

8. Paddle

Helping B2B & B2C SaaS increase global conversions, reduce churn, stay compliant, and scale up fast

How much they make:
Website traffic: 1.4M/month