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Best Accounting Software For Small Business in India
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Saral Accounts Software Saral Accounting Software is an innovative Accounts and Inventory software designed to meet the...
Starting Price₹7,500.00/LifetimeFeatures :Supported Platforms :Deployment :Organisation Type :- 1383 Interested
- 1007 Added to Cart
- 2179 Requested Call Back
Sleek Bill What is Sleek Bill? Sleek bill India is an efficient billing software which is used to create inv...
by Sleek Bill
Starting Price₹1,999.00/UserFeatures :Supported Platforms :Deployment :Organisation Type :- 1260 Interested
- 1148 Added to Cart
- 2125 Requested Call Back
My ERP One Plus My ERP One Plus is one of the best GST billing software that keeps a comprehensive record ...
Starting Price₹7,500.00Features :Supported Platforms :Deployment :Organisation Type :- 1509 Interested
- 1092 Added to Cart
- 2581 Requested Call Back
ERP Extensions ERP Extensions® are typically a suite of integrated customized solutions that can manage and interp...
Starting Price₹10,080.00Features :Supported Platforms :Deployment :Organisation Type :- 1235 Interested
- 1081 Added to Cart
- 2673 Requested Call Back
SlickAccount SlickAccount's simple GST Accounting Software lets to create GST ready Invoices, send them to cl...
by SlickAccount
Starting Price₹2,500.00Features :Supported Platforms :Deployment :Organisation Type :- 1336 Interested
- 1099 Added to Cart
- 2878 Requested Call Back
Supported Platforms :Deployment :Organisation Type :- 1414 Interested
- 1196 Added to Cart
- 2206 Requested Call Back
HostBooks E-Way Bill With HostBooks automated e-way bill software one can generate e-way bills with great ease without an...
by HostBooks
Starting Price₹2,499.00Features :Supported Platforms :Deployment :Organisation Type :- 1298 Interested
- 913 Added to Cart
- 2397 Requested Call Back
Miracle Accounting Software What is Miracle Accounting Software? Miracle Accounting Software is a top of the line bookkeeping...
Starting Price₹7,500.00Features :Supported Platforms :Deployment :Organisation Type :- 1438 Interested
- 975 Added to Cart
- 2590 Requested Call Back
Marg ERP 9 + What is Marg ERP 9+? Marg ERP 9+ is one of the best GST accounting software in India. It is...
by Marg ERP
Starting Price₹8,100.00LifetimeFeatures :Supported Platforms :Deployment :Organisation Type :- 1564 Interested
- 944 Added to Cart
- 2073 Requested Call Back
Supported Platforms :Deployment :Organisation Type :- 1382 Interested
- 1097 Added to Cart
- 2595 Requested Call Back
HostBooks All in One HostBooks helps its clients by building accounting applications and software that cater to their nee...
by HostBooks
Starting Price₹18,996.00Features :Supported Platforms :Deployment :Organisation Type :- 1492 Interested
- 934 Added to Cart
- 2954 Requested Call Back
QuickBooks Accounting Software What is QuickBooks Accounting Software? QuickBooks Accounting Software is one of the best a...
Starting Price₹2,966.18
₹4,999.0040.66% off
Features :
Supported Platforms :Deployment :Organisation Type :- 1565 Interested
- 979 Added to Cart
- 2778 Requested Call Back
CreditWorthy CreditWorthy is one of the best billing software that keeps a comprehensive record of all ...
Starting Price₹6,030.00Features :Supported Platforms :Deployment :Organisation Type :- 1214 Interested
- 911 Added to Cart
- 2418 Requested Call Back
Busy Accounting Software What is Busy Accounting Software? Busy accounting software is an integrated business GST accounti...
Starting Price₹7,200.00/YearFeatures :Supported Platforms :Deployment :Organisation Type :- 1447 Interested
- 937 Added to Cart
- 2021 Requested Call Back
AlignBooks What is AlignBooks? AlignBooks software is one of the best accounting software that offers a larg...
Starting Price₹2,000.00/Year
Features :
Supported Platforms :Deployment :Organisation Type :- 1316 Interested
- 1040 Added to Cart
- 2684 Requested Call Back
Online Munim Jewellery Accounting Software Online Munim provides ERP software for your jewellery business. With the help of this software you c...
by SoftwareGen
Starting Price₹29,500.00Features :Supported Platforms :Deployment :Organisation Type :- 1267 Interested
- 900 Added to Cart
- 2671 Requested Call Back
Tally.ERP 9 What is Tally ERP 9? Tally ERP 9 is the best accounting software for small business, which i...
Starting Price₹150.00/MonthFeatures :Supported Platforms :Deployment :Organisation Type :- 1350 Interested
- 974 Added to Cart
- 2715 Requested Call Back
Aplos online church accounting software Easily manages multiple entities in Aplos such as a preschool, church plant, or outreach ministry. T...
by Aplos
Starting Price₹41,025.00/MonthFeatures :Supported Platforms :Deployment :Organisation Type :- 1509 Interested
- 1153 Added to Cart
- 2967 Requested Call Back
Zoho Books What is Zoho Books? Zoho Books is an excellent GST accounting software for your office nece...
by Zoho
Starting Price₹2,499.00/YearFeatures :Supported Platforms :Deployment :Organisation Type :- 1344 Interested
- 1126 Added to Cart
- 2114 Requested Call Back
Meshink Invoice Management System Meshink Invoice Management System helps in creating, approving and managing all your invoices. An em...
by Indian Mesh
Starting Price₹15,000.00per yearFeatures :Supported Platforms :Deployment :Organisation Type :- 1374 Interested
- 962 Added to Cart
- 2770 Requested Call Back
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Last Updated on : 23 Nov, 2019
Buyer's Guide for Top Accounting Software
Found our list of Accounting Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!
What is Accounting software?
Accounting software is a system application solution for manage payable and receivable accounts in small business. It also helps to manage to generate online invoices, bills, track & analysis inventory reports. Accounting software is used for managing all accounts and financial data of your organization. It features essential accounting functions like accounts payable and receivable, account journal, general ledger, payroll, and trial balance, among many others. Accounting solutions assist bookkeepers and accountants in recording and broadcasting a firm's fiscal transactions. This software has become an invaluable resource to modern businesses. It provides detailed tracking of every last spent and reduces the chances of human error in bookkeeping.
Business Accounting software is widely used by accounting professionals to manage their financial information. Using this software, you can measure, classify, verify and interpret financial data accurately.
Accounting Software Modules
Accounts and Payroll Management – An integral part of any accounting software, the payroll management module lets you process employee payroll, expenses, and reimbursements due to them. This module also helps in the preparation and printing of cheques while taking care of all legal and tax obligations.
Inventory Accounting Management – The main purpose of an inventory management module is to keep track of your stock levels. You can sort out issues related to procurement, availability, and movement of your goods. Also, you can keep a close eye on your inventory to avoid overstocking or understocking.
Project Accounting – This is a customized module found in top accounting software India used primarily by project management and deployment teams. Herein, both costs and applicable rules differ from one project to another. It helps in making project estimates concerning overheads and costs pertaining to labor, material, and equipment.
Fixed Asset Management – This module helps in the management of a company’s financial data related to fixed assets in a more accurate and precise fashion. It helps in taking care of audit history, cost records, depreciation calculation, resource allocation, etc.
Billing & Invoicing – An integral module of any accounting ERP software, billing & invoicing helps automate several routine tasks. From cheque writing and bookkeeping to advanced double-entry apps, billing & invoicing helps eliminate manual data entry. It also ensures that your accounting figures are exact and accurate.
Accounting information system for Tax Management – An essential module of any accounting software, tax management assists in carrying out tax calculations automatically, along with tax reporting and integration of multiple tax rates. You can easily collect tax information from all financial documents into one single repository to generate reports necessary for tax filing.
Accounts Receivable/Payable – For the layman, accounts receivable refers to the money owed by customers to the business. The accounts receivable module assists in managing customer invoices and processing of customer payments. This module is chiefly used to create bills or invoices for customers. You can also keep a tab on individual deposits to bank accounts so that deposit information can be uploaded and applied to customer accounts automatically. This module’s master files contain information related to the customer, including name, address and phone number. It also shows the amount due to a business along with the length of time the customer’s balance has been outstanding.
Online Accounting Software: Accounts payable refers to the money owed by a business to its vendors. With the accounts payable module, you can track money due to vendors, discounts, and payment terms for all invoices. You can also print cheques directly to vendors. In addition, you can find master files containing vendor information, including name, address and phone number.
General Ledger – The central repository of the accounting records and data, the general ledger module acts as the command centre for accounting information. Herein, you receive entries from other modules, such as accounts payable, accounts receivable and payroll modules. Without the general ledger, you won’t be able to create vital financial documents, such as trial balance, balance sheet, and profit and loss statement. This module is used to record financial transactions not recorded in other accounting software modules. It helps create a trail of information needed for audit purposes.
Accounting Software Features
GST Filing – This particular module helps you file GST returns seamlessly by pushing transactions directly into the GST portal. Make your business GST compliant by preparing and filing GSTR-1, GSTR-2, GSTR-3 and GSTR-4 return online effortlessly.
Debt Collection — Through the debt collection module, you can keep track of whether the overdue bills have been collected or not. You can also quickly identify and resolve issues which may be affecting the debt collection process.
Budgeting and Forecasting – So, you’ve crunched your numbers for the current year and balanced the books, crossed your T’s and dotted the I’s, now what? You’ve got to assess the financial performance so that you can set a budget for the next year. Based on your budget, you can establish estimates of sales targets (both realistic and challenging) with the help of an accounting solution.
Top 10 Advantages of Accounting Software
Basic Accounting: The major benefit of accounting software is that it enables even the non-accountants among us to crunch numbers to make sense of them. You can perform automated calculations putting you firmly in the driver’s seat. You don’t require any special training to execute the entirety of your accounting operations. And you get to do it in compliance with the legal standards of your state/country through the convenience of your mobile device. What’s more, you don’t have to hire an accountant’s services, thereby, saving you cost.
Accounting Mobile App: Most top accounting software offer mobile app functionality to help take care of your needs on the go. These solutions are easy on the pocket and nowadays offer native Android and iOS apps for their users. This accounting software are high on operability, and in some cases, even match the desktop version of the solution.
Accounting System Increased Productivity: By migrating your financial data to an accounting ERP software, you can automate and streamline your mundane everyday tasks. Tasks such as collection, organising, and analysis of your most sensitive data become a breezy affair. This is turn helps you invest your money in areas where it can be better utilised.
Accounting system of tax compliance: Accounting software helps adhere to tax regulations of the land. The tax rules can be pre-set and are taken care of by the vendors whenever an update happens. It also acts as a source of information pertaining to audit and tax making your job easier. All you have to do is take it out for a run and sit back while the accounting system does the work for you.
Accounting Pricing: Basically go for an accounting solution that fits your budget. If a barebones system can do the trick for your business, that’s the one you should choose. If you want the whole bells and whistles (accounts receivables/payables, project accounting, fixed asset management), then that should be your top pick. There’s a caveat though. It’ll be heavier on the pocket.
Accurate Forecasting: So, you’ve crunched the numbers and made sense out of your financial data. What next? Well, you’d have realised by now that analysing the different financial performance patterns and trends would take a while without a solid system. To give meaning to numbers you need to deploy a top accounting solution. It’ll assist you in situations where you’ll need to cut expenses or where you’ll be making investments. This will help give a clear view of your present financial scenario helping you devise innovative strategies to funnel resources in the right direction.
Accounting solutions Security: For any accounting software, the protection of the organization’s financial data is of utmost priority. This information is considered critical and must be prevented from falling into wrong hands. This is where an accounting solution comes in handy, helping you keep your data secure either through maintaining a backup copy or having multiple security clearance levels for access to sensitive data.
Reliable support: Buying a business accounting software is just the tip of the iceberg. You’ve got to test their support function to assess whether their service is up to the mark or not. Most accounting software vendors promise to deliver quality, quick and reliable support. But a promise is one thing, and fulfilling it is another. So, we’d advise you to test their support in advance.
Computerized Accounting: Have you heard the phrase, no shoe fits all feet? It’s the same case with accounting systems and businesses. Try as you might find ‘one-size-fits-all’ accounting information system, you won’t be able to. There’s a very simple reason for this. Each company follows specific finance calculations and observes a distinct set of rules. Find a scalable accounting solution that fits your requirements like a glove and it can grow in line with your business as your operations expand.
Ease of use: Usability is an important parameter when it comes to choosing which accounting software to go for. Since, accounting procedures and calculations, are not a piece of cake, it helps to have an intuitive solution where information is arranged neatly on a single dashboard. Once you get the hang of it, you should easily be able to run your tasks by following a navigation pattern you’ve learned.\
Cost savings: Which business doesn’t like to save a few bucks on the side, huh? Most business accounting software help you do just that! By automating administrative tasks and core calculations, you won’t have to devote valuable resources or outsource finance management to a financial expert.
Online Accounting Software
Online accounting software functions just like any other SaaS (Software as a Service) solution. Every critical accounting & financial information is stored in the data centre, and all you need is the internet connection to access the information. This type of software also ensures higher data security and backup, with restricted online access.
Web-based accounting software promotes single ledger or common ledger accounting from anywhere and at any time. Instant data sharing through cloud-based accounting software eliminates the chance of repetitive data entry. It ensures that every user gets access to the latest list of products, invoices and customers to manage the general ledger, categorise transactions, generate payroll, and track payments efficiently.
Types of Accounting Software list
- Personal basic accounting
- Low-end market
- Mid-market
- High-end market
- Horizontal market
- Banking accounting software
- Construction accounting software
- Medical billing software
- Nonprofit or fund accounting
- Point of sale (retail) accounting system
- Real estate accounting software
- Child care management software
- Management for Bookselling accounting software
- Hybrid accounting solutions
- SaaS accounting software
- Spreadsheets
- Commercially-available software
- Enterprise resource planning software (ERP) accounting software
- Custom accounting software
Accounting Software For Any Business
Accounting software for every business, whether it’s a large and small enterprise or a confectionery, a supermarket or an MNC, an educational institute, an NGO or your local Kirana shop, needs an accounting software solution. Through a business accounting tool, you can create invoices, track expenses and generate multiple reports to intricately analyse your business's performance.
Your local grocery store can keep track of its expenses. GST Accounting software for large businesses can help keep tabs on their inventory levels, manage vendors and take care of their purchase orders as well as keep track of time and invoice billable hours. All in all, deploying an accounting software would sort out a lot of things and make life a hell of a lot easier. Say goodbye to month-end late nights! Hurray!
Accounting Software Solution For Financial Business
Number crunching is the first step when it comes to making sense of your financial data. This is where an accounting solution comes into the picture. Business accounting software gives numbers meaning, so you can decide whether you need to cut down on expenses or start pumping up investments. By using an accounting software solution, you’d have a clearer overview of your present financial state. This, in turn, would help you devise strategies to steer your business to new heights by allocating resources prudently.
In addition, through the magic of innovation, you can program your accounting software to send recurring invoices, alerts and notifications, helping you save time. You can effortlessly execute accounts reconciliation by matching transactions. Have to submit quotes or estimates? Go for accounting solutions which can convert those documents to invoices in a few clicks. Reorder products when your inventory levels drop below a set threshold by generating purchase orders automatically. Basically, you can automate a great many tasks with an effective accounting software.
List of Most Used Accounting Software in India
- Tally ERP 9 accounting software
- AlignBooks Accounting Software
- Zoho Books Accounting Software
- Giddh Accounting Software
- Busy Accounting Software
- QuickBooks Accounting software
- Marg ERP for Accounting and Billing
- Vyapar Accounting Software
- Saral Accounting Software
- Sap Accounting Software
Buy Accounting Software (Things To Be Consider Before Buying)
If you’re looking to buy accounting software, there are certain criteria which you may need to evaluate first before taking the leap. Let’s find out what you need to keep in mind before investing in an accounting management solution:
Do I Need It or Not?: The first step on your journey to buy accounting software is assessment of your need. Whether you really need it or not. Do you want a core accounting solution that takes care of your major finance accounting tasks like salary processing, and leave and expense management? Do you need an accounting software to execute your payroll needs seamlessly? Or you require a customised accounting software solution that helps you take care of employees’ tax declarations and filings?
After you’ve performed the internal assessment, you’ve to choose the best accounting software in India according to your defined needs from a list of available accounting software.
Compare prices and make budget: The beauty of accounting software in India which are currently available is that you have several options to choose from. Options which are available at different price models. If you’re a heavy hitter, you can go for an on-premise accounting solution. If you’re working on a limited budget, you can take a monthly/yearly subscription. You also have the option of ‘pay per use’ where you pay as per the amount of bandwidth you utilise.
Ask accounting software demo: Check if the accounting software in India offer free demos or trial version. This is especially useful if you don’t want to make a significant investment without having a look at the software first. Find out from the list of accounting software whether it fits the bill and offers the features/modules you’re looking for. After going through the demo, evaluate if you’re comfortable and willing to take the plunge.
Check Software Daschboard / User Experience (UX/UI): UX plays an important role when it comes to choosing an accounting software solution. The design aesthetic of the system, how pleasing it is on the eye, its user-friendliness can swing the buyer’s decision. A comprehensive accounting software overflowing with modules, will not overwhelm the user if it backed by a clean interface.
Accounting Software Price List
Accounting Software Providers Starting Price Book Keeper Accounting Software 300.rs/Month AlignBooks 2000.rs/Year Busy Accounting Software 7200.rs/Year Marg ERP 9 8100.rs ZohoBooks 2499.rs Note: Product prices provided by OEMs, as per the Indian market standards.
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Accounting Software FAQsA. First of all, you won’t need to hire an accountant specially for running your accounting software. Let’s debunk that myth straight off the bat. Now, if you accidentally fudged up the company accounts, accounting management is what you’re looking for. Tearing your hair out because you can’t tally your accounts? The general ledger module will help you out. So, pick one accounting software and get set to roll!
A. On-premise is best suited for companies having their own IT team and dedicated infrastructure for IT applications. On the other hand, cloud accounting software is ideal for firms who do not have a dedicated IT resource team. Plus, on-premise accounting software requires considerable investment vis-à-vis license purchase, annual maintenance cost, etc. Cloud accounting software also offers you the freedom to pay on a monthly/yearly basis. So, you’re free to pick your poison.
A. Annual maintenance fees is applicable only for on-premise software licences purchased by the company. If you’re paying subscription fees for cloud accounting software, you do not have to pay annual subscription fees on them.
A. Yes, you can purchase modules as per your company requirements. If your primary need is to tally your accounts, choose general ledger module. Keep track of company cash reserves with accounts payable/receivable module. Basically, you can pick and choose which module you want and build from there or buy the full accounting software complete with all the works!
A. No, you don’t have to. You simply need a computer device whether it may be tablet, mobile, laptop or desktop with a good internet connectivity and you’re good to go.
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