When searching for the best accounting software, SMEs look for the ones that serve their business objectives, are affordable and are easy to use for them. A business accounting software keeps your financial data organized and provides you the relevant information whenever you need it. Choosing a good business software is a tedious task as it involves a lot of research on your part. This selection can make or break a business, as an accounting solution helps small businesses to take informed decisions. At present, a lot of accounting solutions are available in India, and being an SME you wouldn’t want a complex solution for your accounting operation. This write-up runs through the list of best accounting software in India that can be selected by SMEs to ensure smooth and efficient accounting transactions.
Tally is considered a market leader in the business accounting software for small and medium sized businesses. It serves the purpose of accounting, sales, purchase, inventory and payroll for an organization. It is a user-friendly software developed by Tally Solutions Pvt Ltd., specifically designed for accounting purposes. It helps in managing journal, ledger, debit & credit notes, trial balance, balance sheet, P&L, cash flow and much more. SMEs can streamline their finance and control related operations such as bank reconciliation, budgeting, inventory valuation, internal audits etc. through this software.
Profitbooks is a cloud accounting software specifically designed for small businesses. It is a cloud based solution that lets you create invoices, track expenses and manage inventory, helping you save time and manage finances efficiently. As it is a cloud based accounting solution the information can be accessed remotely, thus ensuring mobility.
Busy accounting software is developed by Busy Infotech Pvt Ltd. It is an integrated business software helping SMEs to manage accounting, sales, purchase, VAT, CST, currency, payroll and multi-location inventory. It is available in 3 different editions: Basic, Standard and Enterprise.
Marg Accounting software is developed by Marg Compusoft Pvt Ltd and is well known among small and medium enterprises of India. It is simple to use, easy to configure and flexible in customization. It can effectively manage transactions related to accounting, purchase, taxation, invoicing, inventory etc. of the SMEs.
This business accounting software is developed by Relyon Softech Limited, and helps in managing complete inventory and accounting transactions. It is a user-friendly software allowing manufacturing, trading, service as well as non-profit organizations to create their book of accounts to manage all aspects of business including data entry, viewing and reporting.
Zoho Books is a user-friendly online accounting software designed for SMEs. Its key features include automatic bank feeds and payment notifications, online collaboration with customers, time tracking, API, inventory management, invoice tracking, reconciliation, and automated workflows, helping businesses to manage all their accounting operations effectively on a single platform.
MProfit is a leading portfolio management and accounting software for Indian Investors, traders, family offices, advisors, CAs and corporates. This software makes business processes easier and effortless by promising simplified accounting solutions including budgeting, investment, bonus, loan and advances management, financial management and mobile support.
This business accounting software is designed by Intuit Inc for various types of small businesses. It is an online accounting software with an easy to use interface and tools. It offers more than 40 reports including Profit & loss account, Balance Sheet, and Cash Flow Statement, helping manage day to day accounting transactions, billing and invoice activities, inventory, and budgeting, with mobile support for iOS and Android users.
Wave is a free cloud accounting software for small businesses. It is a secure and popular accounting solution to manage day-to-day business transactions and generate financial statements such as Profit & loss statement and Balance Sheet. Key features of this business software include invoicing, payroll, receipts, and direct deposit.
Accounting software is a necessity for every SME because it gives them a wider picture of their company’s financial health. They are used to prepare invoices, track expenses and generate a variety of report and more. Choosing a accounting business software can be challenging for most of the SMEs, as many software are available in the market with varied features. This list of accounting software will be handy for you in selecting the right software for your business, which fits your requirements and budget and helps you to streamline your accounting functions.