What Transaction Pro does

Transaction Pro is a productivity software product within the Rightworks, LLC platform — a privately held U.S. company (formerly Right Networks, founded 2002, rebranded to Rightworks in 2024) headquartered in Nashua, New Hampshire. The company delivers cloud-based application hosting, managed IT, cybersecurity, and compliance services purpose-built for accounting and tax professionals, with a stated footprint of 70,000+ firms and businesses served and 50%+ of the Top 25 accounting firms as customers. Transaction Pro specifically enables data import, export, and reconciliation between QuickBooks and Excel or CSV files, addressing a routine but operationally important workflow for accountants and bookkeepers.

The underlying technology is a managed cloud hosting and SaaS-access layer supporting accounting applications (QuickBooks Desktop, QuickBooks Online, CCH, Drake, Thomson Reuters, Xero, and 3,000+ additional integrations), bundled with 24/7 security operations (3.6M threats blocked monthly), 99.99% uptime, automated backups, and WISP compliance tooling. The product surface spans the Cloud Premier all-in-one platform, Cloud Hosting, Total Security, Business Security, WISP Compliance, Cloud Protect (SaaS access management), Managed Microsoft 365, SmartVault document management, and Spark AI — a generative AI assistant for accounting workflows.

The business model is predominantly subscription-recurring (monthly and annual billing) across hosting, productivity, and security products, augmented by managed IT services revenue. Distribution combines enterprise field sales, inside sales, an application marketplace, channel/affiliate programs, and self-serve online purchase for the Transaction Pro SKU. Customer segmentation is vertical: accounting & tax firms, bookkeepers, small/medium businesses, and a dedicated track for large and PE-backed firms, with pricing tiered accordingly.

Name

Transaction Pro

Legal name

Rightworks, LLC

Website

https://transactionpro.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Rightworks (parent of Transaction Pro) provides managed cloud hosting, cybersecurity, and productivity software — including Transaction Pro for QuickBooks/Excel data transfer — to 70,000+ accounting firms, tax practices, and small businesses, with 50%+ of the Top 25 U.S. accounting firms as customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Hudson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Cloud Hosting Subscriptions: Monthly/annual subscription fees for cloud hosting of accounting applications. Fully managed platform including IT support, security, and backups.
2. Productivity Software Sales: Transaction Pro product sales and subscriptions for data transfer between QuickBooks and Excel/CSV files.
3. Security & Compliance Solutions: Managed security services including Total Security, Business Security, and WISP Compliance offerings.
4. Managed IT Services: Dedicated IT management including network, backups, device services, and cloud-managed firewall.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Transaction Pro is a productivity software tool that enables accounting professionals and small businesses to easily manage data transfers between QuickBooks (desktop and online) and Microsoft Excel or CSV files. It sits within the Rightworks platform, which provides fully managed cloud hosting, security, and managed IT services purpose-built for the accounting profession.

Product overview

Rightworks offers a platform-plus-modules architecture providing cloud hosting, security, and productivity solutions for accounting professionals and businesses. The core platform is Cloud Premier, a fully managed all-in-one hosting solution. Transaction Pro is a productivity module that enables data transfers between QuickBooks and Excel/CSV files. Spark AI provides secure generative AI capabilities. Security offerings include Total Security (enterprise-grade), Business Security (SMB), and WISP Compliance tools. Application hosting covers QuickBooks Desktop and Online, while productivity tools include Managed Microsoft 365 and SmartVault document management. Cloud Protect provides unified SaaS access management across 3,000+ integrated applications.

Differentiator

Problem solved

Functional benefit

Brands

• Transaction Pro: Easily manage data transfers between QuickBooks and Excel or CSV files
• Spark AI
• Cloud Premier
• Total Security
• Business Security
• WISP Compliance
• Cloud Hosting
• QuickBooks Hosting
• Cloud QBO
• Cloud Protect
• SmartVault
• Managed Microsoft 365

Products and services

• Transaction Pro Productivity software that enables accounting professionals and small businesses to easily manage data imports and exports between QuickBooks (desktop and online) and Microsoft Excel or CSV files.
• Spark AI

Quantifiable outcome

• 99.99% uptime guaranteed with no maintenance during tax season
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and major.

• Intuit (QuickBooks)coreTechnology or IntegrationRightworks is a Leading Intuit Solution Provider, providing proven, secure foundation for QuickBooks applications. Offers QuickBooks Hosting, Cloud for QuickBooks Online, and dedicated integrations with Intuit ecosystem.
• Microsoft 365coreTechnology or IntegrationManaged Microsoft 365 offering with secure and flexible cloud productivity tools. Part of Rightworks security solutions portfolio.
• BDOmajorStrategic or Co-development PartnerOne of the major accounting firms partnering with Rightworks for cloud hosting and security solutions.
• Boomer ConsultingmajorStrategic or Co-development PartnerStrategic partner providing consulting and technology advisory services.
• MooremajorStrategic or Co-development PartnerMajor accounting firm network partner.
• KPMG (WK)majorStrategic or Co-development PartnerMajor accounting firm network partner.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CloudHesive: Cloud hosting and managed IT services provider specifically targeting accounting firms and QuickBooks users. Competes head-to-head with Rightworks on cloud hosting, security, and managed services for the accounting vertical.
• swizznet (NetSol Technologies): Cloud-based hosting and IT services built exclusively for accounting professionals, including QuickBooks Desktop hosting. Direct overlap with Rightworks in product, customer base, and go-to-market approach.
• Cloud9 Real Time: Provides cloud hosting for QuickBooks Desktop and other accounting applications, with a focus on security and anytime-anywhere access for accounting firms. Closely comparable in target market and offering.
• AbacusNext: Cloud hosting, practice management, and cybersecurity solutions for accounting and legal professionals. Offers virtual desktop hosting comparable to Rightworks Cloud Premier/Cloud Hosting stack.
• Ace Cloud Hosting: Specializes in QuickBooks Desktop and accounting application cloud hosting with 24/7 support. Directly competes with Rightworks on QuickBooks Hosting and SMB/mid-market accounting firm cloud hosting.
• Karbon: Practice management and workflow automation platform for accounting firms. Targets the same accounting professional buyer as Rightworks with adjacent (rather than directly overlapping) capabilities.
• TaxDome: All-in-one practice management platform for accounting and tax firms, bundling workflow, document management, CRM, and client portal. Competes for the same firm-level software wallet share.
• Canopy: Practice management software for accounting firms with workflow, document management, and client engagement features. Direct overlap in serving the same accounting firm customer base.

Broad incumbents

• Intuit: Owner of QuickBooks Desktop, QuickBooks Online, and the broader Intuit ecosystem on which Rightworks is built. Could compete with Rightworks by offering native cloud hosting or expanding partner restrictions.
• Microsoft Azure: Generic hyperscaler cloud platform increasingly targeted at SMBs and verticalized workloads. Represents both an infrastructure dependency and a potential competitor as Azure layers on compliance and managed services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/transactionpro

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Transaction Pro