Top 10 Best Accounting Software In India 2022

Are you seeking the best accounting software in India for your company! Not all accounting software will be suitable for your business. From manual bookkeeping to computerized accounting and finally, to electronic accounting, there are a number of accounting systems.

As a result, there has been a considerable movement in recent software development from standalone commercial applications to mobile apps. As a result, new-age accounting systems that integrate accounting, inventory, and payroll software are gaining favour. Since then, accounting software has had a tremendous impact on all software companies in India.

The following is a list of some of India’s most widely used software. They are totally cloud or Windows-based, rather than DOS-based. Accounting software built on DOS is still used by accountants. Now, however, is the time to embrace cutting-edge business technology and utilize online accounting software. Third-party integration modules such as bank statements and automatic GST e-filings can also save you a lot of time. Rather than being human, accounting systems are becoming increasingly computerized. 

This isn’t to say that AI and machine learning will completely replace human intelligence. It makes it easier for accountants to get near-real-time data from a number of sources. As a result, they save 90% of the time they would have spent matching data from different sources.

Furthermore, several accounting systems are built for large-scale operations. They’re also fully integrated software solutions that span the whole life cycle of business processes in the industry. As a result, you can begin with order management and go through the order to cash or procure to pay life cycle. As a result, we’ve produced a list of popular accounting systems for 2022, which includes some of India’s greatest accounting software.

Accounting depicts an organization’s financial health. To keep track of a small or large business’s financial situation, profits must be calculated and books of accounts must be kept. Financial accounting manipulations include difficult scenarios, an operational budget, more clients, and enormous ledger data. As the business grows, it will have more difficulty handling enormous accounts and fiddling with the right tools. A simple, proactive, and strong solution is the product of good financial bookkeeping and appropriate software.

So, how does a company manage its finances while avoiding a high number of ledger entries? Accounting software is the solution to all of your business’s problems! It is critical to any business since it allows for the analysis of profits and losses. By eliminating human entries, a simple software solution helps the organization to keep track of spending and income while automating reporting obligations.

Software development companies have created simplified software that makes the arduous task of manual ledger entries easier and eliminates human errors. The world of business management has been transformed by accounting software. The program is used by all enterprises, regardless of their size or nature. Even tiny businesses, it’s startling to learn, incorporate software into their systems for fundamental purposes.

India’s tax structure has improved, making it one of the most praised countries for its projected 7 per cent economic growth. Multiple indirect taxes in India have been replaced by a single indirect tax, GST, that applies to the entire country. GST rates were changed in four different slabs, demanding complicated calculations. Performing bookkeeping and keeping track of numerous GST rates is nearly impossible for manual operators. As a result, Indian software development companies have created basic software with GST functionality to assure compliance with the new tax structure.

The top 10 accounting software for small and mid-sized firms in India is listed in this article. This program is capable of meeting all of India’s current tax obligations. The program is scalable, helpful, and dependable with standardised functionality for general tasks.

1. Realbooks

Real books are one of the most widely used accounting programs in India. Real books are extremely scalable, and its platform can handle millions of transactions, making it suitable for professionals and businesses. Real books accounting software now incorporates a revamped business intelligence solution for small to large organizations.

As a result, you have access to all of the information and figures you need for your primary accounting needs, thanks to MIS, KPIs, and Dashboards. Real books also allow you to get aggregated data for branches/group companies, as well as Auto-posting for cross entries and user privileges for various branches.

As a result, it is small business accounting software that will be used by both big and small companies. Multi-location firms may now regulate dues, net profit, and profitability measures in real-time while also gaining valuable strategic insights. Realbooks’ Management Software also allows you to directly or via Dropbox upload all bills to the cloud.

Create a comprehensive approval platform that helps you to obtain documents quickly to increase your company’s efficiency. Real books are a simple answer to this problem as it’s free for a new application, has improved mobility, and is easy to set up. Because all servers are maintained by top brand Amazon Services, it also boasts top-notch security.

2. Bonus: BookKeeper Accounting App

The Bookkeeper is a user-friendly and cost-effective complete accounting software for retailers, wholesalers, merchants, and manufacturers. A cutting-edge complete mobile and desktop accounting solution is offered for small business owners. It’s a standalone app that works on Android, iOS, and Windows, allowing for seamless data synchronization across all of your devices. Book Keeper has accumulated over 100,000 active users in the previous six years, has a 4.5+ rating on the Play Store and App Store, and is used in over 50 countries.

The Bookkeeper is provided for basic billing with completely customizable invoice templates. Among the features are inventory management, warehousing, tagging, e-commerce integration, and other bookkeeping services. Upgrades to Bookkeeper are free to download and install on Android, iOS, and Windows devices. When an update is available, you’ll be notified via your app, guaranteeing that you don’t miss out on any additional features that are released from time to time.

3. Marg: Best for Small and Medium Enterprises

Marg ERP & Accounting Software is a single-platform solution that allows a company to handle all of its business data and operations in one place. It has shown to be capable of combining all elements into a single package in a variety of sectors.

Marg ERP has announced the release of its integrated Mobile Apps, which allow customers. You may also use its GPS tracking app to stay in touch with your on-roll marketing specialists in real-time and increase marketing efficiency. Marg ERP 9 has gotten a lot of great reviews on the internet, and prospective customers and organizations are interested in using it. There is a lot more accounting software available in India.

 

4. Busy: Best Accounting Software for Micro Enterprises

BUSY is a GST-ready on-premises business accounting software with over 3 lakh licenses sold in over 20 countries around the world. Basic, Standard, and Enterprise software versions are available, with single, dual, and multi-user options. BUSY’s primary features are Auto GSTIN Validation, Auto GSTR-2A Reconciliation, and Auto GSTR-1 / GSTR-3B Reconciliation.

Other features include automatic E-way bill generation and printing, pin code distance verification, annual GST summary, and new suggested GST returns – Sahaj and Sugam. Busy, on the other hand, now offers SaaS, or Software as a Service, to take care of the accounting setup and upkeep.

You may eliminate the obstacles of location and time for keeping your financial accounting, inventory, stock, or statutory data with the help of Busy on Cloud. By supporting them in successfully managing their operations, the program assists a range of industry verticals and sectors, including FMCG, retail, trading, manufacturing, distribution, and services. Busy is also well-known in India’s marketing channels, and it is the country’s second-largest desktop accounting software brand, after Tally ERP 9.

5 Saral: Accounting Software for CA’s and Entrepreneur’s

Saral is user-friendly top accounting software for accountants and CAs that takes care of all the accounting, inventory, and billing needs of a small business. Accounting & Billing Software is an on-premises software solution for GST invoicing, accounting, and returns filing.

The majority of the trade, manufacturing, and service industries are supported by invoicing and accounting for Regular and Composition dealers in both B2B and B2C segments. Saral calculates GST using the GSTIN and the supply location, taking into account both forward and reverse taxes. Saral GST software automates the filing of all GSTR forms and provides API access to the GSTN portal for seamless data transmission. Saral Accounting’s ability to create tax invoices is a unique feature.

6. Tally ERP 9: Best Accounting Software for Small Business

Tally ERP 9 is one of the most well-known and commonly used accounting software in India and the Middle East. Its roots, on the other hand, extend beyond India and the Middle East to markets like Indonesia, Kenya, and Bangladesh. Tally ERP comes with two types of licenses: perpetual and rental, as well as the Tally ERP software.

The Net module lets you use your browser to access tally software from anywhere. The Dot Net Module in Tally ERP 9 solves the difficulty of accessing Tally. Tally ERP 9 isn’t a full-featured online accounting program, though. However, it lays deep roots in accounting in 1986, which it maintains to this day.

Tally. ERP 9 tops our list of software as an end-to-end solution to GST statutory laws, while current reformist alterations take place in India’s financial system. Tally provides error detection tools that help you avoid having your GST returns rejected. Tally is your go-to software for creating invoices, ledgers, printing checks, stock ageing analysis, cost projections, automatic bank reconciliation, and other reports. As your business grows, Tally can help you generate instant reports and make quick choices. Tally allows a business to manage accounting and manufacturing aspects with little effort.

Tally’s Primary Benefits

Tally streamlines processes in unique ways to deliver simple answers to complex company problems. ERP 9 Easily manage your accounts. View profit analysis and reports to assist you in making quick business decisions. Get a bird’s eye perspective of each ledger to handle capital control and difficulties.

Your GST Preparation One-Stop Shop: The GST (Goods and Services Tax) is the most recent statutory change to India’s tax system. It has been further segmented into four slabs, each of which has its own set of business rules to follow. GST returns are simple and error-free to file with Tally ERP 9. You can now lower the chances of GST rejection by using Tally as your compliance partner.

Streamlined banking for you: To save time and minimize manual errors, auto bank reconciliation can be prepared. Tally ERP 9 keeps track of all post-dated checks and bank transactions, making invoices appear cleaner. Users can not only bank, but they can also track their cash receipts and payments using a simple tracking feature.

Quickly make a decision: A final detailed report for stock ageing analysis, profit analysis, cash, and bank transaction assists in making company decisions. Tally. ERP9 assists in the analysis of special reports, cost estimates, and year-end earnings in order to improve financial performance. To get the right detail, users can employ complicated filters, modification, and comparative methodologies.

7. ZenScale: Best Accounting Software for Enterprises

Zenscale Accounting is a Zenscale ERP module that can be used alone or in combination with the other ERP modules. Zenscale is a cloud-based accounting module that takes care of all of your software configurations, updates, and backups. You can simply share financial data between departments because the program is web-based. Make important company decisions based on accurate financial reports and compliances, such as GST returns and other statutory reports, and create and update records while on the go.

8. Profit books: Best Free Accounting Software for Entrepreneurs

Profit books is a complete online accounting solution for small and medium-sized businesses in India. The company is presently offering a 100 per cent free accounting software trial for a single user with your first registration.

Profit books is an advanced accounting tool that allows you to stay on top of your business. It is simple to use and has outstanding UI/UX, so even if you aren’t an expert in accounting, you can use it. Profitbooks is designed for small business owners who want to stay on top of their finances and make better decisions with only a few mouse clicks. It is the best free accounting software since it enables you to create beautiful invoices, track expenditures, and manage inventory without any prior accounting knowledge.

9. Alignbooks: Best Accounting Software for SMEs

Align books is a platform software application with an offline option and secure data backup in India. It’s a Service tax online invoicing software that automates the submission of returns and creates E-Way bills. Align books is a simple billing system that includes integrated accounting, inventory management, and operational controls.

The system also contains rich MIS reports incorporated in the finance system’s core for business owners. The accounting system also has a flexible deployment design, allowing it to be utilized both on-premises and in the cloud. Alignbooks’ fundamental functions include sale, buy, balances, stocks, POS, job work, productivity, payroll, and asset management.

 

 

10. Quickbooks: Best for Micro Enterprises

Intuit Corporation, which has facilities in nine countries and employs over 9000 people worldwide, produces Quickbooks. Quickbooks Accounting Software is incredibly popular, with over 4.5 million users worldwide. Quickbooks is a small company accounting software in India that provides features like personalized reports, invoicing and online banking.

Quickbooks also allows you to manage and organize your business from any location and on any device. Thanks to the online banking integration feature, your statements and transactions will be updated fast. You can track your industry’s growth in real-time with custom reports and dashboards.

Enter carrier bills and transfer taxes when they’re due to saving time. You can also set up a payment schedule to make purchases on a regular basis. Clients or employees can log billable hours, which are then usually attached to bills. Mobile apps are included with your QuickBooks membership, allowing you to access records either from a tablet or smartphone. QuickBooks’ comprehensive tasks and permissions involve managing your finances by also letting you request data access from your professional for efficient. You may get answers to your questions and learn how to run your business at any time. As a result, it’s widely regarded as the best accounting software for small businesses. 

Key Benefits of Quickbooks India

Access your account, manage your business, and stay organized from anywhere using your computer, mobile device, or tablet: QuickBooks allows you to view your accounts and run your business no matter where you are or what device you’re using. QuickBooks is the greatest software in terms of accessibility and usefulness for any growing business.

In minutes, you can make customized, professional invoices, sales receipts, and estimates: QuickBooks is a great tool with a lot of customizable features that can be used for a variety of businesses. To make your team more successful and productive, the software offers a powerful invoice tracking system, sales order management, and cost management system.

When you use the QuickBooks Online banking connectivity tool, your statements and transactions will be updated immediately: Connect your bank accounts to QuickBooks to receive automatic bank reconciliation reports and transaction classification. Sync the transaction to get the featured transaction statements quickly. You may see your cash receivables and payables in real time if you have online banking access.

 

Article Proofread & Published by Gauri Malhotra.