Managing accounts is a crucial task for all businesses. In today’s digital era, many have shifted from manual accounting to software-based accounting. Herewith presenting the top 10 accounting software in India.
1. Tally ERP 9
The most popular accounting software in India is Tally ERP 9. It provides an end-to-end solution to all statutory requirements, especially keeping compliance with the GST regulations as and when the rules get updated.
You can create invoices, and ledgers, print cheques, analyse profits and stocks, estimate costs, reconcile banking automatically and various other functions from a single platform.
You can generate quick reports with Tally ERP 9, helping you to take quick decisions. Tally is easy to use and simplifies most complex accounting tasks.
2. Zoho Books
Zoho Books provides total financial solutions and is an online tool. You don’t need to download any application to work on Zoho.
Zoho Books helps in automating business workflows and managing financial accounting efficiently, keeping all the records in compliance with the GST regulations. Experts recommend Zoho Books as one of the preferred accounting software for businesses.
You can keep a clean record of sales orders, invoicing, regular GST invoices, ledgers, bookkeeping and many other mandatory tasks required in maintaining your accounts.
Zoho Books is a cost-effective solution helping you to ease out with GST filings and that too without any errors.
3. Balance Sheet Builder
Schedule III Balance Sheet Builder is one of the tools that helps you create a Balance Sheet in compliance with Schedule III of the Companies Act covering all parts of the Finance Statement that including AS / Ind AS notes.
It helps you to format the balance sheet as per the Schedule III of the Companies Act 2013 specifications. You can also accurately group P&L and Cashflow as per your requirements.
This tool enables you to create your balance sheet as per the format specified in the revised schedule III updated in 2022.
4. QuickBooks India
QuickBooks India is a tool allowing you to manage your accounting tasks efficiently. It comprises a robust invoice tracking system. It helps you to manage sales orders and costs resulting in an efficient and result-oriented way.
You can connect QuickBooks with your bank accounts to get a factual view of the cash receivables and payables with online banking, which you can access on the move too on a mobile, tablet or laptop.
5. myBooks
myBooks is a cloud accounting software to manage your accounting tasks effortlessly with its amazing features. It has been designed to provide accounting solutions to a wide array of professionals, such as entrepreneurs, accountants, small financial and IT firms and freelancers.
myBooks is easy to use and does not require any formal training. The software comes with helpful tips with which you can know about its functionalities and added features easily.
6. Vyapar
If you are looking for a cost-effective platform for your accounting requirements, then it is Vyapar. It helps you to maintain your invoices, fetch inventory, manage account books and track day-to-day business transactions.
It offers you freedom from paperwork helping to manage business using precious time for business expansion. Vyapar completely follows GST guidelines and tax returns are error-free.
7. MargERP 9+
Make your GST billing and filing easy with MargERP 9+. You can generate invoices in batches to fetch information about a business transaction in a detail. You can also reconcile bank details, encode barcode and centralise it, and upload GST transactions on the portal.
Selecting the appropriate GST slab and isolating transactions accordingly is a cakewalk with MargERP 9+. It helps to automate SGST, CGST and IGST calculations.
MargERP 9+ features 2500 software configurations and about 500 tutorial videos, to help you understand and implement appropriately.
8. Giddh
Giddh in addition to helping you manage your finances can also help in inventory and stock management. Moreover, it ensures high-level security while you transact bank accounts.
Giddh is also GST compliant, delivering reports for a fair analysis of your accounts. It features a multi-currency utility enabling you to manage international departments if required.
This software allows you to share data with peers for optimised and efficient work culture.
9. Logic
Logic helps you with zero error management of your finances, budgeting, and planning. It also assists you in forecasting, generating performance analysis efficiently, and integrating accounting data and general ledger.
Logic enables data to be shared with different departments with good collaboration across business associates. It also helps to manage human resources along with accounting and inventory.
10. Saral
Saral is a user-friendly platform helping you in your accounting tasks. You can manage inventory and generate MIS reports with Saral. It is also GST compliant helping you tax filing easily.
Saral helps you in invoicing, inventory management and generating auditors reports. In addition, it helps you with barcode integration to generate product pricing and tracking too.
Conclusion
Businesses small or big, all require accounting software. Since the inception of GST, there’s been a constant surge in demand for accounting software.
Accounting software eases the complexity of maintaining tedious accounting tasks and helps you to generate reports quickly. This helps you get an idea of where you stand and enables you to take a quick call in any situation, which ultimately benefits your business.