Best Business Accounting Software In 2017

Accounter star star star star star 5 (1)

Software BY Vimukti Technologies Pvt. Ltd.
Manage your company accounts from your mobile. Keep track of transactions happening in your company and easily manage your invoice, bills, payments, budgets, checks - all while you are on the go. Accounter is world’s most efficient business accounting software for small business that provided you option to access everywhere.
smartphone
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Wings Accounting star star star star star_half 4.7 (3)

Software BY WingsInfo
Wings Accounting Nxt is the next generation accounting and inventory software, giving you total control over your finances and inventory, all the time. It takes care of all your business processes in one integrated system. Free download Wings 2013 accounting lite software.
import_contacts
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Wave Accounting star star star star star_border 4.3 (4)

Software BY Wave Accounting Inc.
Wave accounting tools are 100% free, secure, and accountant-approved. It is one of the best web based accounting software solution available. 
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

MoneyFact star_border star_border star_border star_border star_border

Software BY Intelliob Technologies Pvt Ltd
MoneyFacts Automated On Premises and On Cloud Accounting Software includes all the required tools necessary to streamline business processes, make transactions convenient, and increase user efficiency and organizational productivity. Moneyfacts comes with Multi-Company consololidation and dashboard.
import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Focus Accounting Software star star star star star 5 (1)

Software BY Focus Softnet Solutions
Focus 6 is a comprehensive accounting software solution that empowers businesses to maintain, analyze and interpret financial health of the organization.
smartphone import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Kount Accounting star_border star_border star_border star_border star_border

Software BY Pinsoftek Infosolutions
Kount® - The Easiest Accounting Software - A Brand of Pinsoftek specially meant for Business Persons to manage their Account own.  It is specially useful for Small to Enterprise Companies, Doctors, Professionals and Manufacturing Units.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

ClearBooks star_border star_border star_border star_border star_border

Software BY Clear Books plc
Clear Books Accounting Software is an online accounting system for small businesses. Our aim at Clear Books is to make accounting software for small business owners that is easy to use and saves time.Clear Books has been developed with the user in mind using a simple design to clearly guide users through day to day accounting and bookkeeping tasks.
smartphone import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Xero star_border star_border star_border star_border star_border

Software BY Xero Limited
Xero is award winning web based accounting software for small business owners and their accountant. It is beautifully designed and easy to use online bookkeeping software.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Express Accounts star_border star_border star_border star_border star_border

Software BY NCH software
Express Accounts is an accounting system, perfect for small businesses requiring to document incoming and outgoing cash flow including starting form sales to purchases.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

GnuCash star_border star_border star_border star_border star_border

Software BY GnuCash.org
GnuCash ease you into the "Assets = Liabilities + Equity" accounting equation and help you keep tabs of your budget without using the categories commonly used in commercial personal finance software.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Gaurilla star_border star_border star_border star_border star_border

Software BY Owlgrin
Gaurilla is the best web based accounting software for samll and medium businesses it manages unlimited transactions, creates unlimited invoices, manage unlimited clients, manages unlimited vendors, records unlimited transactions, records unlimited journal entries.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Zoostr star_border star_border star_border star_border star_border

Software BY Zoostr Technologies Ltd
Zoostr is Cloud based Accounting & Marketing software for Small Businesses with mobile application. Create invoices, purchase orders, price quotations, track payments, add part payments and more in just 3 clicks, as well as bulk SMS sending service to manage whole business accounts.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Krisol Accounting Solution star_border star_border star_border star_border star_border

Software BY Krisol Infosoft Pvt Ltd
Software caters to business organizations maintenance of cash expenses against various vouchers, company expenses.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Advanta - Witty Turbo star star star star star_border 4 (2)

Software BY Advanta Innovations
Advanta Witty Turbo is designed as a simple and user-friendly business accounting system software, so all types of users can use it easily and with minimum effort. Your complete business can be easily managed by this single accounting software.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

iProfit Premeia star_border star_border star_border star_border star_border

Software BY Kanix Infotech Pvt. Ltd.
iProfit Premeia can work in integral fashion with departments of the enterprise like Sales & Marketing, Projects & Planning, Purchase, Contracts, Human Resource, Quality Control, etc. 
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)


What is Accounting Software?

Accounting software is a computer program build and setup up to store and manage the accounts and also perform arithmetic or accounting operation. Accounting software's are used to Keep records of transactions(account receivable, payable), payroll etc. The main purpose of accounting software is to meet the internal and external financial expenses and keep a record for it. It is the systematic measurement, verification, interpretation, summation and classification of financial data.

Accounting Software is used to stay informed about the wide range of finance related business needs in such manner that adds accuracy and proficiency to the business. Through the utilization of an accounting package any organization can record and Monitor their cash flows. This change in cash flow visibility can help prevent future financial loss, and help to make better monetary choices.

Accounting information system will by and large contain tools that helps to create bills, process payments, track costs, improve communication and create reports, thus helping to reduce cost and time spent on accounting Task.

Such softwares additionally incorporates efficient functionalities, for example, the mechanized era of check printing, accounts receivable and Payable, book-keeping, billing, fixed assets, payroll, and Sales forecasting. Software's now a days ranges from fundamental to more advance systems including adaptable software for growing organizations, through to best software for particular industries.

Customer Purchase Insights for Accounting Software

Here is the accounting software report generated by analyzing more then 5000+ accounting software buyers in 2016.

1. Geographic Spread Of Accounting Software Buyers

2. Industry-Wise Spread Of Accounting Software Buyers

3. Accounting Software Request On The Basis Of Designation

4. The Estimated Budget Preference (in INR) Of The Customers

budget for accounting software

5. Preferred Deployment Type: Installation-based Vs. Web-based Software

deployment for accounting software

6. First time Software Buyers Against Existing Users Looking To Upgrade

visitor for accounting software

7. Users Preferred Location

location for buying accounting software

Features Required in Accounting Software

The success of any company is dependent on its robust accounting system. With technology becoming a necessity, it becomes mandatory to use accounting software tools for most of the organization. With the availability of much software in the market, let’s have a good look at the essential features required in good software for business accounting:

  1. Security: Best accounting software always demands security of the data. With the financial data always being deemed highly confidential for any business, it is of the paramount interest of the companies to be assured of software that has no security problems. Software companies who themselves think of this as a first feature of their software are bound to enjoy good faith from their customers. It has been noted that currently, cloud computing software enjoy good security features in comparison to the other kinds of software.
  2.  Reports: Best accounting system not only helps you to keep track on your finances but also includes banking transactions as well as sales revenues and investments. Software that can generate reports save a lot of time and efforts of the company.
  3. Communication between departments: simple software looks into basic financial processes. However complex software (those on cloud computing) manage the financial processes of the whole firm like employee salaries, orders of customers and much more. This function must come with the feature of allowing multiple users to connect to each other to make the work smoother. If you need to deal with your credit cards and investments, bank accounts as well as your income and expenditure, all in one place on your smartphone or PC - Get Personal Finance Software.
  4. Automation: Manually making invoices or financial data are long gone processes. Now a days, the business accounting software comes with automatically formulated reports and invoices that you can print without much effort.  With access granted to team members, work can be done quickly and much better rather than waiting for an accountant to fill in the data.
  5. Insights: Software that gives a full view of the entire business or its financial status at one glance is more preferable these days. You can also get a detailed insight into each area of work by going into specific pages to view it.
  6. Cloud computing: cloud computing is the latest way of using accounting system through different gadgets. It allows multiple users and also keeps the data secure using Online Accounting Software. What’s more is that it is the quicker than the desktop installations.

Make your Business Accounting Software help your business grow

Here is the list of benefits and possible issues with a business accounting software that can help you understand the software that you shall use.

Managing money is an essential feature of your business. To survive the market it becomes mandatory to check all your accounts. So, whether you are a start-up or an established company, having accounting packages has several benefits.

  1. Financial Updates: Handling a business and also trying to remember all the financial details is not an easy task. This is the first reason why business accounting softwares comes handy. You don’t have to rely on your memory to remember the daily budget, book-keeping essentials and taxation details. Once all the details are fed in the software you just need to make certain updates from time to time. What’s more is that a good accounts software will give you all the details of your business Check top Finance Management Software in a single view and a single click.
  2. Saves Time: Your business needs you and with so many areas of your business demanding your attention, accounting packages allows you to be more productive in business management.  For example, apart from storing all the necessary financial details of your business, the software also helps in managing invoices, credit notes, discounts and other relevant documents for your clients. 
  3. Sharing: Accounting system have multiple user options which are a great asset to you if you want to keep your chartered accountant updated. It is also possible to work with multiple members of the team.
  4. No guessing games: Most business accounting software come with well explained instructions which give you step by step details of how to store your data and use the different features. This is especially beneficial for startup companies which cannot hire full time accountants.

There are certain issues with software that every company has to take into consideration before buying software.

  1. Continuous support and help are always needed. Many software vendors might be weak in handling your queries or problems.
  2. For established companies, even if you use the business accounting software, it is necessary to share all the details with your accountant. You will have to make sure that your accountant also has access to your software and is able to use it.
  3. Certain software might not have the necessary features that you need and still might be quite expensive.
  4. The accounting package might not get installed properly or might not run properly due to compatibility issues with your computer’s operating system.
  5. Inability to solve problems face to face with the support staff might make you feel frustrated.

Market Trends of Accounting Software

Accounting software is used by organizations to perform daily accounting tasks efficiently. For our readers to utilize the latest features, we’ve listed down the 5 latest market trends of accounting software.  These trends are influencing the account ecosystem in a positive way.

  1. Moving to cloud: Cloud technology is being rapidly incorporated as a part of the accounting software by software manufactures and is quickly adopted by organizations. A study by venture capitalist firm North Bridge found that more than 75% C-level executives and IT managers reported that their company uses minimum one cloud based application.

    Shifting to cloud software is an ideal choice for companies outsourcing their hardware and software support to minimize costs and improve their core competencies. By moving to cloud, the software features can be accessed by remote users and various branch offices. An added benefit of cloud is the ability to access business data and accounting systems from anywhere irrespective of the time and location.

    The subscription model adopted by these softwares is preferred by businesses because the software costs are flexible based on scalability. This eliminates the need to pay an upfront cost.

  2. A wide range of functionalities:

    The present day accounting softwares (ERP) comprise of a wide range of functionalities and applications. These functions include supporting the supply chain, HR, marketing, sales forecasting and overlooking manufacture. Traditionally these functionalities do not fall in the accounting software domain.

    The aim behind introducing such all-inclusive accounting software packages is to chuck out the inter-module integrations. This helps reduce costs that would otherwise have been utilized in supporting such complicated integrations. A single system monitors multiple data-sets, so that changes in any area show the real time influence on other aspects. There is no duplication of work, greater transparency and interdepartmental errors are reduced. This trend is nowhere close to slowing, with more companies adopting the accounting software package.

  3. 3rd Party application integration: Business people always looking best accounting software for their business and 3rd Party application integration – Businesses are opting for ERP account software with added features besides the core functions. Thus a whole new community of developers is evolving who integrate these features in the existing system. The 3rd party integrated software works in sync with the primary accounting software.

    At the other end, the account system developers are extending help to 3rd party software developers by expanding the core functions. The data can thus be exchanged between the 3rd party application programming interface (API) and the accounting software. This trend of extended API availability is nowhere close to fading.

  4. Virtual implementation assistance:

    Software systems are complex to manage, from installation to configuration, assistance is needed at every stage. With the introduction of remote implementation support, the buyers get specialist support for the software irrespective of the geographic location. The account software company assists with the software support virtually thereby extending the number of options for the buyer.

    Speedy internet and Virtual Network Computing (VNC) such as GoToMyPC and Remote Desktop Connection from Microsoft has drastically elevated the level of remote assistance companies can offer in terms of software support. Geographic hindrance and local dominance are no more a hindrance, buyers can choose the account software based on the available functions.

  5. Analytics: The latest advancement in the accounting software is the introduction of intelligence tools. Analytics lead to making better strategic decisions based on real time data.

    Businesses are going beyond measuring assets, liabilities, expenses and revenues as financial performance indicators. Dashboards now offer better management modules and a wide range of graphical presentation options for displaying data. The new age software allow creation of simplified reports to convert data into actionable business insights.

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