The Top Accounting Softwares in India for Small Business
Although there are many options for business accounting software, very few meet customer requirements. Tally is a market leader in this area, however, there have been many software advancements over the years.
Businesses prefer online applications due to their many benefits such as remote access and automatic backup.
Small businesses only require basic transactions to be entered into and report to be generated. They don’t need an advanced ERP system. They must have a basic ERP package.
This list includes the most widely used accounting software in small and medium-sized businesses.
1. Tally
Tally was originally an MS-DOS-based version. Since then, it has undergone many modifications and is now an ERP package. The latest version of Tally ERP 9 software is available. All India VAT reports are included. The Single-user version is Rs. Multi-user versions cost Rs. 21,000 and the single-user version at just Rs. 62,000 is quite high, Updates can be obtained at 4,000 per year. The remote desktop version of tally is also available. Remote desktop access is available. However, the server must always be connected.
Tally is used by the majority of users due to the ease of use for certified professionals. Tally can handle almost all accounting tasks, including purchase, inventory costs, sales, and payroll.
Despite its high price, it is the most pirated software in India. Many users have reported data corruption, data mismatching, and data loss. Only the licensed version of Tally should be used.
Pros
- Larger Acceptibilty
- Businesses with high volumes of transactions (>50,000 per year) will find this great.
Cons
- The option that is more expensive
- For a novice, it is hard to learn.
2. Quickbook
Intuit Quickbooks has become the most widely used accounting platform in the world. Quickbook launched its Indian version in 2012. Quickbooks Indian version is only available online. Quickbook can import data from multiple bank websites and assign it to accounts automatically.
Quickbook is an accounting software company that is a leader in the world, but its Indian version is quite different. Quickbook costs Rs. Quickbooks annual cost is Rs. This is higher than the standard 4,999.
Pros
- Access anywhere
- Excellent support
- Feature-rich
Cons
- It can be difficult to grasp US accounting concepts.
- Pricing quite high
3. Busy
Busy is known for its inventory features. There are three versions of the software: enterprise, standard, or basic. Prices include taxes at rs. Prices include taxes at Rs. For the above versions, prices include taxes at rs. 7,200, 13,500 and 19,800.
Pros
- Great inventory features
- Large acceptance
- Feature-rich
Cons
- Some features share common concepts
4. Zoho books
Another popular Indian accounting software is Zoho books. Zoho’s CRM is its most well-known product, but the company plans to sell its accounting software in India. It is difficult to use for Indian accountants because of its confusing structure.
Pros
- Access anywhere
- Excellent support
- Reasonable price
Cons
- It can be difficult to grasp US accounting concepts.
- It can be difficult to set it up
5. Marg
Marg, another windows-based program, is used mostly in certain industries like jewelry and pharmacy. Although it is not an accounting program that is universally available, it can be used by any business. A lifetime license is also available for Rs. It provides 7000 cas.
India boasts more than 100 accounting software programs that are web-based.
We have compiled a list of the top programs to help you decide which software is right for you. To find out which Accounting Software is best or Online Accounting Software, you can read our article.
6. ProfitBooks
ProfitBooks is an online financial program that’s specifically designed for small businesses. Because it is cloud-based, it can only be accessed via the internet. It is accessible from any location in the world and stored in cloud storage.
It allows users to quickly create invoices and track expenses. It is easy to use, even for those with no accounting experience. Profitbooks is cloud-based accounting software.
These are the most important features in Profitbooks:
- Banking Integration
- Backup and restoration of databases (Management).
- Payroll & HR
- Inventory Management
- Multi-User login, Roll-based access
- Online Banking Integration
7. Saral Accounting
Saral, an intuitive and user-friendly accounting program that is widely accessible in India, is simple to use. Reylon Softech Limited, based in Bangalore, promotes Saral. It is a GST-compliant software and includes features such as voucher entry, book accounting, TDS, and financial statements.
Saral is highly skilled in the management of books and accounts within an Organisation. All new clients are eligible for free trials.
Footnote:
Make sure to review the features and support after you have purchased the software. Choose the one that best suits your needs. This article will help you make an informed decision about the software that you choose.
Pranab Bhandari is an Editor of the Financial Blog “Financebuzz”. Apart from writing informative financial articles for his blog, he is a regular contributor to many national and international publications namely Tweak Your Biz, Growth Rocks ETC.
