Every firm depends on its handling of finances. Whether a small firm or a multinational corporation, bookkeeping is of the utmost importance.
Accounting software was developed in the age of computers, since manual accounting had certain limitations of its own.
Best Accounting software reduces the need for physical data storage, reducing the rent cost. It makes it easier to retrieve historical accounting data, which is helpful for internal and external audits.
Here are the top 15 accounting software in India:
Best Accounting Software in India (Updated 2024)
Table of content
1. Tally Prime
The accounting program with the most users across India is Tally. It has been utilised used than 20 years.
Tally facilitates the creation of ledgers, payrolls, BRS, prints invoices and checks, analyses earnings, and produces a variety of reports.
In India, this is the most widely used accounting program.
Features:
- It carries out crucial financial tasks straightforwardly, allowing you to manage your accounts with ease.
- It is appropriate for companies that do over 50,000 transactions annually.
- East to setup & Multi-user bring better control over your cash flow.
Key Advantages:
- By offering a over 400+ report templates such as profit analysis, stock analysis, daily and monthly reports, and online and offline transactions, it aids in decision-making and has powerful filtering and comparison techniques.
PROS
- It offers an automatic bank reconciliation tool, which minimises human mistakes and error.
- Tally also includes a built-in GST capability. ERP 9 to make it simple for you to submit returns.
CONS
- The major drawback is that the single-user edition is expensive, costing Rs. 18,000/-.
2. QuickBooks
Another really well-enjoy accounting programme is QuickBooks. The software introduction in India occurred in 2012.
Features:
- It may schedule payments, keep track of sales, create invoices, stock inventories, automate bank reconciliation statements, and much more.
- Without you having to do a thing, the online banking feature automatically creates BRS and changes transactions in the system.
Key Advantages:
Its appeal mostly rests on the fact that even beginners can manage accounts on it with no trouble.
Another amazing benefit is that you may access the features from anywhere thanks to its application for mobile devices.
PROS
It enables you to link your bank account with the programme so you can keep track of your cash flow continuously.
It can produce tailored reports that can instantly show how well the company is doing.
CONS
- One thing that stings its consumers is the Rs. 5,000 annual membership fee for QuickBooks.
3. BUSY
One accounting programme is equally popular with small and medium-sized businesses.
One of the best accounting programmes in India is this.
Features:
It offers an innovative function of multi-currency accounting, which benefits businesses with activities abroad.
BUSY help create an analysis of GST and MIS reports besides typical company reports. Top-level managers may readily track a company’s performance and make quick strategic choices thanks to these reports.
Key Advantages:
- Other advantages of adopting BUSY Accounting Software include the ability to prepare e-way bills, reconcile GST, manage stock inventories, and make the software available on the cloud.
PROS
There are three versions of BUSY, each with distinct user choices, allowing you to pick the one that best suits your unique company requirements.
CONS
BUSY’s requirement for a skilled technical accounting specialist to create multiple reports is one of its drawbacks.
4. Zoho Books
Zoho Books is primarily well-liked by small enterprises.
Features:
A few of the features that make it so user-friendly are its online accessibility, automation capability, mobile accessibility, creation of e-way bills, and client portal.
It stands out from many other accounting software packages thanks to the cloud availability feature because it doesn’t lose data because of phone breakdowns or system faults.
Key Advantages:
- In the event of company growth or mergers, Zoho Books may be readily integrated with other accounting programmes.
PROS
Compared to its competitors, it is reasonably priced.
CONS
The difficulty of using Zoho Books under the Indian Tax Regime is one of its major drawbacks. Although it includes tax return filing, creating invoices, scale orders, and GST computations, using Zoho Books Accounting Software requires a competent accountant.
5. Marg
Marg is among the oldest accounting software because it has been available for thirty years.
Features:
One of Marg’s finest qualities is that it provides many versions for various sectors, such as pharmaceuticals, manufacturing, jewellery, etc.
It supports automatic BRS, batch invoicing, GST billing, GST filing, inventory management, and online payments.
Key Advantages:
One of the major factors contributing to its popularity and market stability is the fact that it is incredibly simple to use and includes several tutorials.
PROS
Marg has established a mobile app and cloud storage to ensure that there are no data leaks and that it can give accessibility from anywhere, keeping up with the shifting demands of the market.
6. Saral
As the name implies, this Made in India accounting software is quite simple to use.
Features:
GST Invoicing, inventory management, E-way billing, MIS reports, and auditor’s reports are just a few of the capabilities that Saral offers.
Maintaining all accounting vouchers, creating ledgers, producing reports, creating balance sheets, and submitting returns may all be done in one step using Saral.
Key Advantages:
Saral also provides several model choices for TDS, income tax, and payroll administration.
Multiple regional Indian languages are supported by Saral, increasing its user base even in rural regions of the nation.
PROS
It facilitates error-free batch stock inventory.
It stands out from the other accounting software used in India, since it offers an automatic GST return filing capability.
CONS
- Although the programme is adaptable, it is challenging to keep track of all the variants.
7. Easy GST
Because of its low cost, small and medium-sized businesses in India primarily use it.
Features:
Maintaining ledgers, balance sheets, payroll, profit-and-loss accounts, and many tax returns is made easier by Easy GST.
It produces bills in several Indian languages. Through the use of comparison reports, built-in smart sheets, customer relationship management, asset management, project management, and other features, this online accounting software supports strategic decision-making.
However, this Software has a genuine connectivity problem because of its online platform.
Key Advantages:
If your company is in the manufacturing sector, job work inclusion and the development of production processes provide a clearer and more accurate picture of accounting and stock.
PROS
Easy GST has an extensive payroll system.
CONS
- The programme is not intended for offline use.
8. Zen Scale
In India, this cloud-based ERP accounting programme is well-liked.
Features:
Many genres, including production, inventory, scheduling, sample, GEO fencing, process SOP, and warehouse management, are supported by Zen Scale.
It uses a pay-per-use pricing model, so customers are only billed for the accounting software resources they actually utilise, rather than for all the services they render.
Key Advantages:
Data leaks or crashes are virtually nonexistent thanks to cloud management; everything is updated and saved automatically in the background.
Because of cloud computing, data sharing across different offices and departments is also quite simple.
Using its mobile application, one may perform real-time analysis and reporting on a mobile device or tablet.
PROS
This accounting programme is incredibly cost-effective.
Because of its aesthetically pleasing and calming user interface design, exceptionally user-friendly. On https://www.zenscale.in/, you may learn more about the services that the programme offers.
9. Profit books
It offers a trial bundle of free accounting software for lone users.
Features:
It assists with stock inventory management, tax report creation, tax return filing, tracking cash flow, managing dues, GST invoicing, GST analysis, and other tasks besides doing routine accounting tasks.
Key Advantages:
Its popularity is additionally boosted by special features like online bank connectivity, thorough invoice templates, payment partners like Instamojo & Cash free, the ability to create sales orders and warehouses, and support for a wide range of currencies.
PROS
The accounting software is simple to use, and even a novice can use it.
CONS
- It becomes challenging to get data from the software’s back end when there is poor connectivity or you reach a zone with limited access.
10. Align Books
Small and medium businesses utilise Align Books extensively.
Features:
It is accessible in cloud-based offline and online modes.
It offers access to many users, several currencies, and multiple locations.
It contains an internal GST computation capability that facilitates simple return filing and the creation of e-way invoices.
Key Advantages:
Align Books assists with inventory and batch management, delivering personalised invoices, and calculating income and costs.
It contains capabilities that aid in managing production, assets, jobs, and payroll.
The programme also allows you to create MIS reports and templates. The programme also includes features for email and SMS alerts.
PROS
It contains a lot of third-party trading platforms and specialists to help you with your trading plan, thus it may be utilised for trading.
CONS
There is no free trial of the programme, which many small firms may view as a disadvantage.
11. Zip Books
Most Indian start-ups and aspiring company owners who are expanding their enterprises utilise Zip Books.
Features:
It offers a wide range of dynamic functions, including CRM, budget and cash management, payment processing, bank reconciliation, and accounts administration.
Key Advantages:
It is multi-user capable and user-friendly. It offers data protection and is very secure.
It may be used as inventory and accounting software.
It is conveniently accessible and upkeep-friendly.
PROS
A 30-day free trial is available, and the pricing is on the affordable side. So you may test it out and see whether it works for your needs.
CONS
However, the programme lacks tools for bar coding and printing checks.
It lacks TDS and TCS functionalities.
There is also no option for electronic invoicing.
12. Reach
Another accounting programme, is mostly used by small and medium-sized businesses. Reach Accountant, a firm, developed it.
Features:
It is cloud-based software that is ready to use.
It offers an integrated system with a collection of all corporate operations. As a result, the user may monitor all company activity in a single location.
Key Advantages:
It offers a customised user interface with capabilities including payroll administration, a multi-currency support system, and an order tracking system.
On the cloud server, it offers a safe online backup of the data.
It helps you to manage inventory, input data from tally or excel, generate customised reports, and immediately get leads from emails.
PROS
It is quite accessible and also allows consumers to examine the reports on mobile devices.
CONS
Reach might be a little challenging to use for a beginner because it requires prior spreadsheet experience.
13. Real Books
One of the most well-enjoy accounting programmes among experts and big corporations is Real Books.
Features:
Programmable with many transactions and has a business intelligence system.
It gives you access to all the financial data for your company as MIS reports and dashboards.
Key Advantages:
Besides inter-branch and inter-company transaction reports, it also creates branch and group reports.
All the bills may be uploaded to a highly secure cloud-based document management system.
It may track cash influx and outflow, earnings, and dues in real-time.
PROS
Real Books offer access from several locations.
The basic plan of Real Books is free to use for a single user. To make it available to more customers or to upgrade to a better plan, you only need to pay.
CONS
The absence of the billing option in the mobile app version is the sole disadvantage.
14. My Books
The preferred accounting programme for proprietors of small businesses is My Books.
It is specifically made for small businesses, accountants, and business owners.
Features:
You can quickly send professional invoices with this GST-compliant accounting software, It offers a function for bank reconciliation.
The programme includes a feature called myCloud, which is a highly secure server where you may save daily account backups.
Key Advantages:
It comes with a mobile app for apple and android that makes it straightforward to create invoices and be paid.
It gives you dashboards and reports to make managing your finances simple.
PROS
It is simple to use and doesn’t require any prior knowledge.
It runs on innovative cloud servers, which enable it to handle millions of transactions.
CONS
Its absence of automation features is negative.
15. Logic
Logic is a sophisticated accounting programme that has all the capabilities of an ERP system.
Features:
With capabilities like CRM, inventory management, maintenance management, order management, quality management, and shipping management, it is a GST integrated piece of software.
Financial reports are generated, allowing for swift decision-making.
It provides a thorough user interface for departmental cooperation and communication.
Key Advantages:
It may apply to forecasting, budgeting, and money management.
Through its ERP system, logic reduces minor accounting mistakes.
It makes it possible to follow reports in real-time, which aids in decision-making and developing long-term growth strategies.
PROS
It provides tools for company development, including asset and human resource management.
It may also evaluate how well a firm is performing.
CONS
The only negative is that it is a touch price because of its higher than average pricing.
Every Accounting software has four major benefits.
1. It saves alot of time.
Like any new computer system, your accounting software needs some initial setup time.
However, once it is configured, it will perform all moment-by-moment manual bookkeeping and financial activities automatically, saving you hours of work every week.
Manually entering data into a spreadsheet and downloading CSV files from your bank or credit card accounts in order to assess your transactions is temporarily eliminated when using accounting software.
2. It produces important financial reports right away.
No more awaiting the creation of your monthly reports by your office manager: Reports that are regularly updated are included in accounting software platforms.
You may easily get your P&L Statement (or Financial Statements), Balance Sheet, and Cash Flow Statement, which shows crucial data like income and expenditure for the month, quarter, or year.
If you have more specific reporting requirements, you may usually edit reports by restricting the content or adding additional data and keeping them from running again in the future.
3. All of your financial info is synced.
If your data is dispersed over many media, such as payroll services, credit card accounts, and bank accounts, it might take hours to go back and forth between platforms to collect the information.
The data from all of your accounting software tools will be integrated by accounting software through API, saving you the time and effort of manually getting financial data from various sources and inputting it to build an accurate financial record.
4. It encourages accurate data.
Accounting software reduces the need to manually update multiple cells in many sheets when you alter your data.
Instead, any changes you make will be instantly reflected in your reports and statements, helping you to preserve correct data. Unconvinced that poor information quality is a significant problem?
Accounting Software is Required
In India, there are several options for accounting software, including Tally, BUSY, Saral, Easy GST, QuickBooks, and Logic.
This software solutions have recently held organizations expand besides relieving them of the burdensome process of monitoring receivables and payables.
These software tools assist users in regularly monitoring their earnings, purchases, sales, spending, cash balances, assets, obligations, and other financial sectors.
They also save their users from having to deal with last-minute tax complications.
The possibility of human mistakes is one of the major advantages of accounting software.
Not to mention, the constantly shifting tax laws and implementation of the GST have made financial computations even more complicated, causing the urgent need for these accounting software applications.
Choosing the Best Accounting Software in India
You’ve come to the correct section if you’re looking for the ideal accounting program for your company.
Because of the constantly expanding number of software packages, developing tax laws, necessary reports, stock inventories, and other factors, selecting the best accounting software for your company may be a stressful endeavor.
Each piece of software has unique features, benefits, and drawbacks. For you to choose wisely.
We have selected the most used accounting software in India, along with a description of each product’s features, benefits, and drawbacks.
Conclusion
You are now aware of India’s top accounting software solutions. As was already said, each accounting software package has unique features, benefits, and drawbacks.
While individuals and smaller businesses utilise software applications with an interface that is simpler and easier to use.
Then there are others that offer extra capabilities for business growth, including interdepartmental coordination, asset and payroll administration, and production and human resource management.
Some even provide a free trial for the first several days. In order to manage your company’s finances, you may examine the features of the software available and pick the one you believe would work best for your company.
I hope you liked our article on the best accounting software in India. if you have any comments or suggestions do share them in the comments below.
Frequently Asked Questions
Q1. Which is the most popular accounting software in India?
Tally stands out among accounting software in India with its impressive market share of 75% and more than 2 billion business users. Obviously, it is the best choice for small enterprises.
Q2. What software do accountants use the most?
QuickBooks Online by Intuit has been the go-to accounting software for small businesses and bookkeepers/tax professionals alike. It is cloud-based, meaning you can access it via a web browser or a mobile app – making it highly convenient.
Q3. Which accounting software is in demand?
Best accounting software includes QuickBooks Online, Zoho Books, FreshBooks, Wave Accounting, and TallyPrime.
Here are the popular accounting software in India:-