Magiq Finance Guide – Read our In-Depth Magiq Finance Review

Magiq Finance is a fully functional Accounting software platform.

This Magiq Finance review has been updated for 2021 by industry experts with years of business software experience in development, implementation and use.

We have collated thousands of datapoints for all of our Accounting software reviews.

This Magiq Finance review contains the most recent information about Magiq Finance.

If you are looking for new Accounting software then so many facts will be confusing for you. Finding new Accounting software demands expert assessing skills and thorough knowledge. You'll need to fully understand what each piece of Accounting software can do to ensure it is a good fit for your business. For starters, you have to choose the right Accounting software provider who will be clear with you constantly.

In this fast-paced world of business software, you will need guidance to make proper decisions. Magiq Finance is just one such piece of Accounting software that will enhance your business. It's crucial to know all about Magiq Finance before you invest your cash in their software.

Our full Magiq Finance Review covers all you will need to know about their Accounting software. A fantastic piece of Accounting software can ease multiple burdens within a business and give you positive ROI. If you would like to make a good return on investment, you should use Accounting products that contrasts with your business needs.

There's absolutely no sure-fire way to guarantee a good ROI; therefore, you must carefully analyze any new Accounting software before you choose them. It's a common misconception that all Accounting software will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your business back.

Chamtech is a provider of accounting software that has found its way successfully over the years and provides one of the best Accounting software on the market. Within this review, we've tried to collate some of the vital aspects of Magiq Finance. This review can allow you to understand whether software from Chamtech is a fantastic match for your business or not. We've attempted to breakdown all the features and charges for your advantage.

Magiq Finance Ratings

Magiq Finance Overall Rating
80%
Magiq Finance Ease Of Setup Rating
50%
Magiq Finance Ease Of Use Rating
30%
Magiq Finance Support Rating
40%

Choosing The Best Accounting Software For Your Business

When deciding whether Magiq Finance is the most appropriate accounting software for your business there are 5 things to consider and do to make the right choice:

  • Detail Out what you need to achieve from using Magiq Finance
  • Does Magiq Finance achieve your needs as a full Accounting platform?
  • Fully research the Magiq Finance accounting platform and toolset. Do the Magiq Finance tools and resources stack up against your business needs?
  • Decide the budget available to implement a new Accounting solution and do the solutions from Magiq Finance offer the features you need within the budget.
  • Sign up for a account with Magiq Finance. Ask for a callback and demo to finally check that the software is right for you.
  • Magiq Finance Review – Overview

    Full Company Name Chamtech
    Website URL http://magiqsoftware.com
    Chamtech Phone Number None
    Year Founded 1980
    Chamtech Address Napier, New Zealand 
    Chamtech Employees (As per LinkedIn) None
    Revenue Unknown
    Ownership Private
    Chamtech Twitter Handle None
    Chamtech Twitter Followers None
    Chamtech LinkedIn None
    Main Software Features Send custom invoices, Track income and expenses, Create and manage estimates,

    Magiq Finance Pricing & Costs

    QuickBooks OnlineSimple Start

    $20 per month

    QuickBooks Desktop ProQuickBooks Mac Desktop

    $299.95 per month

    FreshBooksLite

    $7.50

    What is Magiq Finance?

    Magiq Finance is a fully functional piece of accounting software provided by Chamtech and is targeted for small to enterprise sized businesses.

    Chamtech was founded in 1980 in Napier, New Zealand .

    Fully web based, complete suite of financial and business management software.

    Magiq Finance Free Trial

    Magiq Finance does not offer a free trial.

    While creating this Magiq Finance review we found that it offers a lot of advanced accountingfeatures with its paid plans. You can learn more about some of the Magiq Finance Accounting features further on in this Magiq Finance review.

    Is Magiq Finance The Best Accounting platform available?

    Accounting providers vary from 1 man bands to giant companies; There's a whole lot out there. However, when it comes to selecting a Accounting solution, there are numerous considerations you have to factor in. To be able to ensure that Magiq Finance is the best Accounting solution to your business, check out our guide below.

    Magiq Finance Features

    Magiq Finance provides professional accounting festures like Send custom invoices, Track income and expenses, Create and manage estimates,

    Magiq Finance Review - General Ledger Features & Rating

    General Ledger Features Rating
    Journal Entries
    88%
    Tags / Dimensions
    88%
    Audit Trail
    81%

    Magiq Finance Review - Revenue Recognition Features & Rating

    Revenue Recognition Features Rating
    Revenue Types
    88%
    Revenue Allocation
    80%
    Reclassification
    88%
    Compliance
    88%
    Scheduling
    88%

    Magiq Finance Review - Accounts Receivable Features & Rating

    Accounts Receivable Features Rating
    Invoice Customization
    88%
    AR Automation
    88%
    Collections Automation
    88%

    Magiq Finance Review - Revenue Performance Features & Rating

    Revenue Performance Features Rating
    Customer Performance
    88%
    Contract Performance
    88%
    Revenue KPIs
    88%
    Pricing & Discounting
    80%
    Offering
    88%

    Magiq Finance Review - Accounts Payable Features & Rating

    Accounts Payable Features Rating
    AP Automation
    88%
    Payment Processing
    88%
    Purchase Orders
    85%

    Magiq Finance Review - Revenue Optimization Features & Rating

    Revenue Optimization Features Rating
    Forecasting
    88%
    Promotion Programs
    88%
    Pricing Optimization
    88%
    Re-evaluation
    88%

    Magiq Finance Review - Integration Features & Rating

    Integration Features Rating
    Data Import and Export Tools
    88%
    Integration APIs
    85%
    Breadth of Partner Applications
    88%

    Magiq Finance Review - Other Functionality Features & Rating

    Other Functionality Features Rating
    Inventory Tracking / Ordering
    88%
    Inventory Pricing and Costing
    88%
    Inventory Reporting
    88%
    Multi-Entity / Consolidation
    80%
    Recognition Rules
    88%
    Reconciliations
    80%
    Payroll
    88%
    Time and Expense
    80%

    Magiq Finance Review - Reporting & Analytics Features & Rating

    Reporting & Analytics Features Rating
    Financial Statements
    88%
    Custom Reporting
    81%
    Budgeting / Forecasting
    88%
    Dashboards
    88%

    Magiq Finance Review - Platform Features & Rating

    Platform Features Rating
    Customization
    88%
    Workflow Capability
    88%
    User, Role, and Access Management
    88%
    Internationalization
    88%
    Performance and Reliability
    88%
    Output Document Generation
    88%

    Magiq Finance Review - Budgeting & Forecasting Features & Rating

    Budgeting & Forecasting Features Rating
    Budgeting / Forecasting
    88%

    Alternatives To Magiq Finance

    Looking for an alternative to Magiq Finance? Many companies want accounting software to aid their business goals. What is difficult is finding out whether or not the software you choose is right for your business. We have compiled a list of accounting software that our reviewers voted best overall compared to Magiq Finance. Based on thousands of datapoints, you can see how Magiq Finance stacks up to the competition, and find the best fit for your business.

    The Top 20 Magiq Finance alternatives are listed below

    Aqilla

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 83%
    Support Rating 40%
    About Aqilla

    Aqilla was founded in 2006 in London, United Kingdom.

    Within the Cloud Accounting and Business Software, Aqilla combines all the features and tools you need to be an effective and successful finance professional.

    Infor M3

    Overall rating 76%
    Setup Rating 50%
    Ease Of Use Rating 78%
    Support Rating 67%
    About Infor M3

    Infor M3 was founded in 2002 in New York, NY.

    Infor builds business software for specific industries in the cloud. With 16,000 employees and over 68,000 customers, Infor software is designed for progress.

    Visual Books

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Visual Books

    Visual Books was founded in 1990 in Hudson, United States.

    Visual Books is a fully integrated accounting software package available as an optional add-on module to Visual EstiTrack.

    Acomba X Accounting Suite

    Overall rating 60%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Acomba X Accounting Suite

    Acomba X Accounting Suite was founded in 1988 in Montreal,Canada.

    Acomba X is the new generation of Acomba management applications, backed by over 25 years of experience at the heart of the management strategies of 40,000 Canadian SMBs. Acomba X comes with a vast array of improvements and new features that reflect our attention to detail to simplify your operations. Also, the standard Acomba platform is still distributed and supported to meet certain specific needs of our customers.

    ProSeries Fixed Assets Manager

    Overall rating 96%
    Setup Rating 50%
    Ease Of Use Rating 100%
    Support Rating 40%
    About ProSeries Fixed Assets Manager

    ProSeries Fixed Assets Manager was founded in 1983 in Mountain View, CA.

    None

    SAP Business ByDesign

    Overall rating 66%
    Setup Rating 57%
    Ease Of Use Rating 63%
    Support Rating 64%
    About SAP Business ByDesign

    SAP Business ByDesign was founded in 1972 in Walldorf, Germany.

    Want to run your entire business on a single, cloud-based software solution? Discover SAP Business ByDesign. Ideally suited for SMEs and subsidiaries of large corporations, it is a complete, integrated suite that can run your whole enterprise financials, human resources, sales, procurement, customer service, and supply chain.

    Manager Free Accounting Software

    Overall rating 82%
    Setup Rating 50%
    Ease Of Use Rating 85%
    Support Rating 76%
    About Manager Free Accounting Software

    Manager Free Accounting Software was founded in 2011 in N/A.

    Manager is free accounting software for small business. Available for Windows, Mac and Linux.

    Priority Zoom

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Priority Zoom

    Priority Zoom was founded in 1986 in Rosh HaAyin, Israel.

    Priority Zoom provides small businesses with up to 10 users with an integrated, comprehensive, easy and accessible solution to effectively manage their business

    Qount

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Qount

    Qount was founded in 2015 in Plano, TX.

    Qount is a fintech platform that offers Software, Service, integrations and hubs to manage your Accounting, Taxes, Payroll and Invoices for Small businesses and Startups.Qount offers unique blend of dedicated finance team and amazing software; allowing you to focus on what you do best

    ClearBooks

    Overall rating 96%
    Setup Rating 50%
    Ease Of Use Rating 95%
    Support Rating 93%
    About ClearBooks

    ClearBooks was founded in 2008 in London, United Kingdom.

    ClearBooks is an online accounting software designed to be a simple solution for small businesses.

    Big E-Z Books

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Big E-Z Books

    Big E-Z Books was founded in 1989 in Livonia, United States.

    Big E-Z Books is a programmed Excel accounting spreadsheets with its columns and rows to enter and categorize income and expenses and let the system produce accounting reports.

    FMS

    Overall rating 25%
    Setup Rating 50%
    Ease Of Use Rating 50%
    Support Rating 40%
    About FMS

    FMS was founded in 1977 in St. Louis,United States.

    Mitchell Humphrey & Co. has been providing software and support services to private and public sector clients for over 35 years. Founded in 1977, the company initially developed a suite of financial management software solutions. That product line has been continually re-engineered delivering the latest in technology; while focusing on creating the ultimate user experience for their clients. The current version, FMS III, was released in mid-2014.

    Flare Cloud Accounting

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Flare Cloud Accounting

    Flare Cloud Accounting was founded in 2014 in Campbell,United States.

    Flare offers cloud-based accounting solution for small businesses and freelancers.

    Sage 50cloud Accounting

    Overall rating 74%
    Setup Rating 76%
    Ease Of Use Rating 78%
    Support Rating 69%
    About Sage 50cloud Accounting

    Sage 50cloud Accounting was founded in 1981 in Newcastle, United Kingdom.

    Sage 50c (formerly Peachtree) brings you best-in-class accounting standards, more flexibility and mobility than any other desktop solution, and affordable subscription plans that offer the best value for your business.

    SortMyBooks

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About SortMyBooks

    SortMyBooks was founded in 2000 in Killarney, Ireland.

    Sort My Books is a cloud accounting for small business.

    Kakkuro Accounting Suite

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Kakkuro Accounting Suite

    Kakkuro Accounting Suite was founded in 2012 in Johnson County, United States.

    Kakkuro Accounting Suite Converts quotes into branded, customized invoices for your clients.

    LessAccounting

    Overall rating 92%
    Setup Rating 50%
    Ease Of Use Rating 100%
    Support Rating 100%
    About LessAccounting

    LessAccounting was founded in 2006 in Jacksonville, Florida.

    Accounting Software for Business Owners That Dislike Bookkeeping

    Craftybase

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Craftybase

    Craftybase was founded in 2011 in Australia.

    Craftybase is a cloud based solution for the management of raw materials and product inventory. Features include revenue tracking and invoicing.

    Xero

    Overall rating 86%
    Setup Rating 80%
    Ease Of Use Rating 87%
    Support Rating 75%
    About Xero

    Xero was founded in 2006 in Wellington, New Zealand.

    Share access to your latest business numbers with your team and your accountant so everyone is up to speed with Xero. From work, home or on the go.

    DOKKA

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About DOKKA

    DOKKA was founded in 2017 in Tel Aviv, Israel.

    A.I. Powered Instant Bookkeeping Journal Entry Creation, Smart Document Management & Messaging Collaboration.