Re the products standing - as a user personally and practitioner...

Re the products standing - as a user personally and practitioner the product is the industry stand out, despite the aggressive rhetoric of the competitors. Set the system up correctly and it will almost run itself. The alternates from
BGL, Supermate, Praemium, Sharesight - all require human intervention and a
sound knowledge of accounting or portfolio reporting to make them work effectively. Time is money in accounting and in software you get what you pay for IMO.

As to BGL’s claim - believe what you want. For many years they were claiming they had more than 100% of the market. A suggestion is to try amd get them to provide independently qualified figures of their companies claims and figures - god luck there.

You are right however assuming they actually don’t know how many sites still using their desktop app - many will continue to do so (compliant or not), with or without a license until it no longer works.

Unbelievable as it may seem -in this space some accounting firms are still using manual ledger books - god help their clients !!

Even worse - a large portion of the aacounting market (guestimation circa 15-20%) still use excel in combo with a non super GL such as Handitax or MYOB. No idea how they make any money doing it this way but they are delusionally proud of the fact they don’t have to pay for specialist SMSF software that would actually turn this unprofitable part of their business profitable - go figure ??

The existence of the later two market segments adds further question as to the veracity of the 70% claim.