Comparison · Light vs Leapfin
Light vs Leapfin
Leapfin turns payment and billing data from systems such as Stripe into reconciled, ASC 606-ready revenue entries, and posts them to an ERP such as NetSuite, QuickBooks or Workday. Light is one agentic ledger where customer invoicing, deferred revenue, bills, cards and consolidation sit in the same books.
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Light and Leapfin, compared
| Feature | Light | Leapfin |
|---|---|---|
| General ledger and accounting system of recordLeapfin: prepares revenue journal entries for NetSuite, QuickBooks or Workday, where the general ledger lives | Yes | No |
| Group consolidation and intercompany eliminationsLeapfin: consolidates revenue data from many sources; entity consolidation runs in the connected ERP | Yes | No |
| Revenue recognition and deferred revenueLeapfin: ASC 606 schedules for subscription, usage-based and deferred revenue models | Yes | Yes |
| Accounts receivable and customer invoicingLeapfin: reconciles invoices and payments taken in Stripe, Zuora, Recurly and other billing systems | Yes | No |
| Agents that complete work, not only suggestLeapfin: Luca builds and maintains automated accounting workflows from plain-language prompts | Yes | Yes |
| Accounts payable and vendor bill payLeapfin: covers the revenue side: payments, refunds, fees and disputes | Yes | No |
| Corporate and virtual cardsLeapfin: reconciles payments taken through processors such as Stripe, Adyen and PayPal; company spend sits outside the product | Yes | No |
4 week implementation
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Remove 4+ tools
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The world's most demanding finance teams run on Light.
Keep revenue in the ledger
Leapfin reconciles payment and billing data and sends ASC 606 revenue entries to NetSuite, QuickBooks or Workday. Light automates contract-based invoicing and deferred revenue inside its own ledger, so there is no hand-off to tie out.
- 01
Run all of finance together
Leapfin covers the revenue side. Light also handles supplier bills, vendor payments on local rails in more than 80 countries, and corporate and virtual cards, all posting to the same general ledger.
- 02
Run every entity on one ledger
Leapfin hands its entries to the ERP, where entities are kept and consolidated. Light holds every entity on one ledger and consolidates as transactions post, with intercompany eliminations included.
When to choose Light
- 01
The ledger is included
Light is the system of record: spend, AP, AR and the general ledger in one platform, with no ERP decision left open.
- 02
Billing and revenue in the books
Contract invoicing and deferred revenue post straight to the ledger, so nothing needs a tie-out.
- 03
One ledger for every entity
Add a company, a country or a currency without adding another system.
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fastest growing companies
See how finance teams run lean and global on Light.
Read customer stories-
“We evaluated several vendors. Light won because it covers our full finance stack, revenue, AR, AP, expenses, and consolidation, without stitching together a patchwork of point solutions.”
Tanja, Director of FinanceOmnea -
“Even though we’re three entities, it’s like I’m running a finance department for one entity.”
Thobias, Finance ManagerAlva Labs -
“I really like that Light’s AI already gives me suggestions, GL accounts, cost centers, tax codes. I don’t have to start from scratch.”
Cédric, Finance ManagerOper Credits -
“Nine times out of ten the AI matches everything and posts it to the right account. One click and you’re done.”
Jeppe, CFOKeyShot
Built for the daily work
Bills through to payment
Capture invoices, route approvals and pay vendors from the same system.
Room to grow
One ledger built to handle billions of transactions across your business.
Trace every number
Open a report and drill straight into the transactions behind it.
Spending, under control
Expenses, vendors and cards connected to your ledger.
Expenses
Collect receipts, approve expenses and track spend as it happens.
Vendors
Keep supplier details, bills and approvals together. Apply your purchasing rules as work moves through.
Cards
Issue cards for employees and vendors. Pay with Apple Pay or Google Pay. Send receipts through Slack, Teams or email.
Frequently asked questions
Is Leapfin a general ledger?
No. It prepares revenue journal entries for an ERP such as NetSuite, QuickBooks or Workday, where the general ledger lives. Light is the general ledger itself.
Does Leapfin invoice customers?
It reconciles invoices and payments taken in billing systems such as Stripe, Zuora and Recurly. Light handles customer invoicing, contract-based billing and deferred revenue in the ledger.
When does Leapfin fit?
When you are keeping NetSuite, QuickBooks or Workday and need high-volume Stripe or multi-processor revenue reconciled and recognised before it reaches the ERP.
Does Light compute SaaS metrics?
Yes. ARR, MRR, NRR, churn and cohort metrics are computed from the ledger and your contracts in real time.
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