Campfire review

Campfire is the newer option for companies whose finance team wants a faster close more than an ERP. Its core accounting page describes an AI-powered general ledger in which transactions are categorized automatically, duplicates and exceptions are flagged, and agents create and track close checklist items. All entities and currencies roll up into one view in real time, so there is no logging in and out of separate company files, which is the daily pain for many QuickBooks users with several entities. Controls are a real strength: policies, roles, approval workflows, more than 1,200 granular permissions, audit trails and SOC 1 and SOC 2 certification, with controls Campfire says support SOX compliance. The Ember assistant drafts journal entries, runs flux analysis and flags missing accruals. Campfire does not publish prices, and it does not cover inventory or production, so companies with physical goods should keep Business Central, Acumatica or NetSuite on the shortlist.

Who it is for

Venture-backed and high-growth companies replacing QuickBooks with a modern ledger that closes faster.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Real-time consolidation of all entities and currencies in one view
• AI categorization of transactions with flagged duplicates and exceptions
• Close checklists created and tracked by agents
• Policies, roles, approval workflows and 1,200+ granular permissions
• SOC 1 and SOC 2 certified, with audit trails for SOX compliance

Strengths and weaknesses

• Strength: Multi-entity and multi-currency are built into one ledger
• Strength: Strong control set for a young product: permissions, approvals, audit trails
• Strength: Ember assistant drafts journal entries and runs flux analysis
• Weakness: No public pricing
• Weakness: Covers the ledger and revenue, not inventory or manufacturing
• Weakness: A newer vendor than Sage, Microsoft or Oracle

Key facts

• Permissions: 1,200+ granular permissions
• Certifications: SOC 1 and SOC 2
• Implementation: White-glove, in weeks
• Pricing: On request

Where it ranks

Campfire is No. 5 in our Best Accounting Software for Mid-Sized Businesses verdict.