Accounting Software keeps financial data properly organized and thereby provide exact and specific information when needed for day to day operations for small businesses. These help a business owner in taking an informed decision whenever needed.
At present in India, there are a lot of GST ready accounting software available in the market. Here in this article, we have selected a list of top 10 business accounting software in India for small and medium businesses.
List of Top 10 Accounting Software for Small Businesses in India
1. Tally ERP 9
Tally ERP 9 is a business accounting software for purposes of accounting, inventory, payroll. Tally is dominating the Indian accounting software market for almost two decades in the small and medium industry sector. The software has been developed by Tally Solutions Pvt Ltd.
Tally is most user-friendly for accounting purposes. Employers prefer Tally for easy availability of trained professionals for this specific software. Almost all accounting activities like inventory, purchase, sales, cost, payroll and statutory year-end processes can be easily handled by Tally.
ProfitBooks is an online accounting software developed for small enterprises. It can only be operated on the internet as it is cloud-based. The data can be securely placed in a cloud and can be accessed anywhere under the earth.
Marg Accounting Software is developed by Marg Compusoft Pvt Ltd and is well accepted in small and medium enterprises of India. The software is marketed for the last two decades in the Indian market.
4. Saral Accounting
Saral is a simple and very easy to use accounting software available in India. This software is brought to you by Reylon Softech Limited based in Bangalore. It is a GST enabled accounting software with features like voucher entry, account books, TDS and financial statements. The company offers Free Trial to their new customers.
Quickbooks is developed by Intuit Inc and is regarded as the best accounting software in the United States and other developed countries. You can use the Indian version of Quickbooks for day to day transaction records, billing and invoice activities. Quickbooks can also be operated on iPhone and Android-based smartphones. You can try the free version of Quickbooks to start with.
Check, QuickBooks Review
Busy Accounting Software is developed by Busy Infotech Pvt. Ltd. A lot of enterprises prefer Busy for inbuilt inventory management capabilities. Needless to say, the software comes with normal features like accounting, sales, purchase, VAT, CST and currency management. It has more than 1,30,000 installations and expanding fast. You can download a free trial of busy accounting software.
Saral accounting software is developed by Relyon Softech Limited. Saral is one of the top accounting packages at present for SMEs. Saral is very good at maintenance of books of accounts of an Organisation. You can signup for a free account to download Saral.
Also, Check List of Best 10 GST Software in India
Wave’s accounting tools are 100% free, secure, and very popular in the accounting community. It is one of the best web based accounting software solution available at present.
Xero Accounting software is developed by Xero. Xero is award winning web based accounting software for small business owners and accountants. It is nicely designed and easy to use online bookkeeping software.
Reach Accounting Software is developed by Reach Accountant. It is an online software aimed at Small & Medium Businesses. The significant part of Reach is that all the business operations are bundled in one software. It ensures the business owner to track every aspect of the business.
There is also much more popular accounting software available aimed specifically at small and medium enterprises. Some of them you can consider are mProfit, Vyapar, Wings Accounting, etc.
Choosing the right software is a critical decision one has to take for the smooth running of day to day operations for their businesses. We have listed down below some of the basic features a small business owner must check before finalizing their accounting software.
Key Features of an Accounting Software:
- Billing & Invoicing
- Quotation & Estimates
- Production Managment
- Taxation handling
- Inventory Management
- HR & Payroll
- Multiple Currency
- Outstanding Handling
- Payment & Expense handling
Business owner of today has plenty of options in choosing the right software. However, it is important to mention here is small business owners don’t need complicated software for their accounting operation. Money spent and money generated are the most two key important factors in small business accounting.
Footnote: When you choose a business accounting software, find out the features and post-sales support. Choose the software which suits your business operation most. We hope this article will help in making an informed decision in your selection.