Accounting Software Questions & Answers

The types of accounting software are: Spreadsheets, desktop-based software, cloud-based software, Enterprise Resource Planning (ERP) software, billing & invoicing software, and payroll accounting software.

The best accounting software in India are TallyPrime, Zoho Books, Vyapar Marg ERP 9+ and many more

For virtually any small business, accounting software is a highly beneficial and necessary tool for managing finances efficiently. While you can start with a simple spreadsheet, a proper accounting system becomes essential as soon as your transactions increase beyond a handful, well before you reach a significant annual turnover.

There isn't a single "best" accounting software, as the ideal choice depends on your business size, industry, and specific needs. Popular and highly-rated options include Tally (a market leader in India, especially for SMBs), Zoho Books (user-friendly and great for small to medium businesses with automatic bank feeds), and QuickBooks (a comprehensive solution for real-time insights and productivity). For freelancers, FreshBooks is a recommended choice, while Xero offers strong bank integrations and a clean layout.

Wave, Zoho Books, Akaunting, and GnuCash are the best free accounting tools for startups in 2025.

Zoho Books and QuickBooks Online are widely used in India and work seamlessly on modern MacBooks.

Note: Ensure the software is either native to macOS or cloud-based for smooth performance on M4 chips known as Apple Silicon Optimization. Make sure it includes GST invoicing and filing features along with payment gateway integrations.

For small to medium-sized supermarkets in India, Marg ERP and Vyapar are highly recommended POS accounting software solutions.

To Organize Financial Transactions with Payment Accounts in Refrens, follow the steps given below:

• Open your Refrens account
• Navigate to Accounting > Bank & payments > +New Payment Account
• Now, you can add three types of accounts, Bank account, employee account, other account. The following is the example of adding a Bank account
• Select Bank Account and press continue
• Input the required details
• You can opt to link the account to an existing ledger
• To add Employee account, Select employee account
• Input the employee details
• Opt to link the account to either an existing ledger or a new ledger
• To add other accounts, select other account
• Input the required details
• You can also link this to an employee or a bank account
• Click on Add account
• To get a detailed overview of all the accounts, navigate to the payment account dashboard

Bulk upload can be done for any module in Refrens, the following is the example of bulk uploading Invoices

To Upload Documents with Custom Columns and Custom Formulas in Bulk, follow the steps given below:

• Open your Refrens account
• Create an Invoice
• Navigate to the invoicing dashboard
• Click on the ‘downward arrow’ next to ‘+Create New invoice’ and select ‘Bulk Upload invoices (custom config)
• Download the custom file format
• Input the necessary data in the template and save it
• Upload the CSV file in Refrens

To do statutory setup in AlignBooks, follow the steps given below:

• Open your AlignBooks account
• Navigate to company setup
• Click on the ‘Basic’ option
• Scroll down to ‘Statutory’ details
• Setup the ‘Statutory’ details as per your requirements