CheckMagic
CheckMagic is a specialized check printing software that allows you to print professional, MICR-encoded checks from your existing accounting data onto inexpensive blank check stock to save money.
SoftLedger
SoftLedger is a cloud-native accounting platform providing real-time visibility through automated consolidations, multi-currency management, and a robust API for mid-market companies and crypto-focused enterprises.
Quick Comparison
| Feature | CheckMagic | SoftLedger |
|---|---|---|
| Website | checkmagic.com | softledger.com |
| Pricing Model | One_time | Subscription |
| Starting Price | $99/month | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✘ No product demo | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1993 | 2017 |
| Headquarters | Plano, USA | New York, USA |
Overview
CheckMagic
CheckMagic is a dedicated financial tool designed to simplify your check-writing process by integrating directly with your existing accounting software. Instead of purchasing expensive pre-printed checks for every bank account, you can use this platform to print complete checks—including the bank's MICR line, your logo, and signatures—onto affordable blank check paper. This approach eliminates the need to manage multiple check stocks and reduces the risk of mail fraud by keeping your banking information off unprinted paper.
You can manage an unlimited number of bank accounts and customize each check layout to meet your specific branding needs. The software works as a print driver, meaning it intercepts the print command from programs like Quicken, QuickBooks, or Peachtree and formats the data into a professional document. It is an ideal solution for small to mid-sized businesses and individuals who want to cut administrative costs while maintaining high security standards for their financial transactions.
SoftLedger
SoftLedger is a cloud-native accounting platform designed to give you real-time visibility into your financial data. Instead of waiting days for manual month-end closes, you can automate complex processes like intercompany eliminations and multi-currency consolidations. It acts as a single source of truth for your entire organization, connecting disparate data points into one cohesive financial picture.
You can manage global operations with ease using automated FX gain/loss calculations and real-time reporting across multiple entities. The platform is particularly effective for companies dealing with high-volume transactions or digital assets, as it bridges the gap between traditional accounting and crypto-native workflows. It scales with your growth, providing the sophisticated tools of an enterprise ERP without the typical implementation headaches.
Overview
CheckMagic Features
- MICR Line Printing Print your own bank routing and account numbers using MICR fonts so your checks are compatible with all automated bank clearing systems.
- Blank Stock Support Use inexpensive blank check paper instead of pre-printed forms to save up to 80% on your ongoing office supply costs.
- Multi-Account Management Manage and print checks for an unlimited number of bank accounts without ever having to swap paper in your printer tray.
- Accounting Integration Connect with popular software like QuickBooks, Quicken, and Sage to pull your payment data automatically without manual data entry.
- Customized Branding Add your company logo and digital signatures to your checks to create a professional appearance for every vendor payment.
- Security Features Protect your financial data by printing checks on demand, ensuring no sensitive banking information is sitting on pre-printed paper.
SoftLedger Features
- Real-Time Consolidation. View your consolidated financial statements instantly across multiple entities without waiting for manual month-end processing.
- Multi-Currency Management. Automate foreign currency translations and record realized or unrealized gains and losses in real-time for global operations.
- Intercompany Eliminations. Handle complex intercompany transactions automatically to ensure your consolidated books remain accurate and audit-ready.
- Crypto Asset Accounting. Track digital asset cost basis and valuation automatically by connecting directly to exchanges and custodial wallets.
- Programmable API. Connect your proprietary systems or external data sources to your general ledger using a comprehensive REST API.
- Accounts Payable Automation. Streamline your entire bill payment process from invoice capture to electronic payments within a single unified workflow.
Pricing Comparison
CheckMagic Pricing
- One-time $29.95 purchase
- Unlimited bank accounts
- Works with blank check stock
- MICR font included
- Logo and signature support
- Single user license
- One-time $49.95 purchase
- Everything in Standard, plus:
- Support for multiple entities
- Advanced layout customization
- Priority technical support
- Enhanced accounting software sync
SoftLedger Pricing
Pros & Cons
CheckMagic
Pros
- Significant cost savings on check stock
- No recurring monthly subscription fees
- Simple setup with existing accounting tools
- Supports unlimited bank accounts easily
- High level of document security
Cons
- Requires specific MICR toner cartridges
- Interface feels dated and old-fashioned
- Limited to Windows operating systems
- No native mobile application available
SoftLedger
Pros
- Automates complex multi-entity consolidations effectively
- Excellent support for cryptocurrency and digital assets
- Highly flexible API for custom data integrations
- Clean and intuitive user interface for accountants
- Significantly reduces time spent on month-end closing
Cons
- Higher price point than entry-level accounting tools
- Learning curve for setting up complex automations
- Limited native integrations compared to legacy ERPs