Patriot - Accounting Software

Our Verdict

Overall, Patriot Accounting offers outstanding value for money spent on accounting software. The pricing is on the lower end of the competition, whereas the features are comprehensive enough to meet all the accounting needs of a small to medium-sized business. Although the integrations offered by Patriot are somewhat limited, basic automation, which includes payroll, bank feeds and credit card acceptability are still supported, making it a worthy choice.

Pros

Unlimited number of users per subscription
Highly competitive rates with no hidden charges
Wide range of accounting reports
Automated import of bank feeds

Cons

Customer support limited to business hours
Limited integrations & apps

Products & Pricing

Patriot Accounting offers two plans, accounting basic and accounting premium. They vary mainly in terms of the advanced features included in the premium package. There is a free 30-day trial, which means you can check out the full demo before making any payment commitments.

Accounting Basic

Accounting Basic is priced at $15 per month and is recommended for new or small businesses. The package includes access to all the features required to finalize the accounting cycle. This means you can generate source documents, record journal entries, view ledgers, create a trial balance and then prepare the financial statements, such as the balance sheet and the statement of profit and loss.

In addition, the software allows you to automatically import the bank feeds, which can save substantial time otherwise spent in manual data entry. You can also accept credit card payments as the software is integrated with Card Connect, a third-party payment processor. However, you need to separately sign up with Card Connect or be an existing merchant to use this feature. Finally, the software also helps you create and print 1099s and 1096s. 1099 can actually be e-filed directly in the software with a few clicks, albeit there is an additional fee to use this feature.

Accounting Premium

Accounting Premium is an advanced package, priced at $25 per month with an unlimited number of users under a single subscription. This means you can have your entire Accounts department using the software, while you pay just $25 per month.

In addition, given the range of additional features included under this option, Accounting Premium is worth the money. With this package, you can generate account reconciliation reports, create and send estimates, automate your recurring invoices, send invoice reminders, access customized invoice templates and manage receipts. With the comprehensive range of features, this package is recommended for small to mid-sized businesses.

Basic

$15 /month

30-day free trial

Premium

$25 /month

30-day free trial

In-depth review

Features and Functionality

Patriot Accounting includes all the standard bookkeeping and reporting features typically included in an accounting package. Users can easily create estimates, purchase orders, sale orders, invoices, and account reconciliations. Patriot Accounting software is web-based and can be accessed from any device, including Windows, Mac, Android and iOS. There is no dedicated mobile app because the web-based platform works perfectly fine on mobile phones.

Some of the key features of Patriot Accounting are as follows:

Secure Document Storage

With Patriot, you can securely store your documents and receipts by uploading and attaching them with each transaction. The information is securely stored in the cloud, which means you don’t have to worry about the regulatory requirement of keeping accounting documents for a given period of time. We all know how difficult it is to store and retrieve paper-based documents, and Patriot appears to be an apt choice to resolve the dilemma.

Automated Bank Imports

Once you connect the bank or credit card account with Patriot, all of your transactions will be automatically imported into the software. This is exactly where Patriot stands out from other basic accounting software. For small businesses, much of the accounting activity flows directly from the bank, and takes you to the next level. It is not a simple tool that just helps you organize the transactions into account types, but actually creates value and saves time through the automated processes.

Comprehensive Reports

Most decision-makers are interested in the reports generated by accounting software, and this is exactly where Patriot outperforms the competition. There is a wide range of reports available in both subscriptions. These include account reconciliation, customer estimates, check registers, profit and loss statements, accounts receivables aging, accounts payables aging, trial balances, balance sheets, general ledgers, unpaid customer invoices, bill listing, vendor payment history, sales tax report and invoice detail report.

Add-ons and Integrations

Patriot itself offers a range of other software, which include Patriot Payroll, Patriot HR and Patriot Time and Attendance. Patriot Accounting can, therefore, easily be integrated with these products. In addition, Patriot is integrated with Card Connect to facilitate credit card transactions. Overall, the range of integrations offered by Patriot are somewhat limited as compared to other popular accounting software, such as QuickBooks and FreshBooks.

Ease of Use

Just like other modern accounting software providers, Patriot very well understands that most of its users are not accountants but rather small business owners looking to maintain their own books. Therefore, it has been designed to minimize the accounting jargon and allow non-accountants to effectively use it. It shouldn’t take a new user much time to get familiar with the software, given how straight-forward it is. In addition, there are video tutorials, FAQs as well as live support during business hours to keep you one step ahead of the problems.

Customer Service

Patriot offers email, phone and chat support Monday to Friday between 8:00 am to 8:00 pm. The support offered by Patriot staff is usually prompt and of high quality, which makes it one of their key strengths.