Best Business Accounting Software In 2017

Best GST Ready Accounting Software in India
Tally.ERP 9 is India’s leading business management software for GST, accounting, inventory, and payroll. It is economical and one of the most popular ERP software solutions available in the industry, used by 11 lakh businesses. You can download free version of Tally.ERP 9.
import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Aplos-Church Accounting

Software BY Aplos Software LLC
Aplos create specially for nonprofits and churches, not small businesses, it allows you to easily Manage your finances with true fund accounting to track designated funds, Generate contribution statements and robust reporting for all your needs.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Miracle Accounting Software

Software BY R. K. Softwares
Miracle accounting software has been developed using latest tools and technologies which provides unique advanced features like FTR, QAO, E-Mail, SMS etc. It is suitable for Accountants, Traders, Dealers, Distributors and Manufacturers.
import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Virtual Splat Inventory Management System

Software BY Virtual Splat Software Pvt. Ltd.
Our Computer Hardware Business Management Software helps to seamlessly manage and regulate the inventory and accounts of computer hardware business. It also manages the servicing of computers with billing and taxation.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

HyperStock

Software BY HyperSoft Technologies Limited
HyperStock is a Multi-User, Multi-Exchange, Multi-Market Windows / RDBMS based Software -package. It is a vastly proven product with over 800 users across India. It guarantees you a total Back Office solution for all your stock broking operations. Transforming ideas into cutting edge solutions, HyperSoft has created benchmarks with its invaluable contribution in transferring the value benefits to its products and end-users.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Alpha-e JSoft Retail

Alpha-E JSOFT (Retail) Jewellery Software
Alpha-E JSOFT (Retail) Jewellery Software is complete solution for Retailers & Wholesalers in Gold, Silver, Diamond Jewellery, the best selling software with unmatched modular solution with powerful tools. It takes care of each and every requirement of jewellers.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

ERP Plus

Software BY Arise Infosoft
ERP Plus Enterprise resource planning (ERP) is business-management software typically a suite of integrated applications that an organization can use to collect, store, manage and interpret data from many business activities.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

EngQuote

Create quotes & proposals in minutes with Domex's
EngQuote is suitable for generating quotations for multi-products with multi-specification and is eminently suitable for the many categories of businesses like Manufacturers, Manufacturers-cum-distributors, Importers & Exporters, Industrial Products Retailers.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Macrosys Perfect Cargo

Transportation Software
This enterprise transportation software integrates all the functions and services for the end-to-end transportation process.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

HomeBank

Software BY HomeBank
HomeBank is free personal finance software which help you to manage your personal accounting. Financial accounting software allows the keeping and tracking of detailed expenses, income, assets, and other budget-related categories. Numerous report-generation options are also available, as well as the ability to import Amiga-related information.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Pelagian PSA

Software BY Pelagian Softwares
PSA Accounting software is useful for small business, Personal Accounting, Group Accounting.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Rushda Accounting

Software BY Rushda Softwares
Rushda Accounting Software is a Business accounting management software with comprehensive capabilities for small and medium businesses.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

eCount

Software BY Epic Developers
Software designed for Plywood - Laminated Business. Software consist of all plywood, laminate things such as Size, Thinness, Design, Finish and color. Maintain inventory,Price List with Combination of Design, Finish, Thickness and Size.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Sagar-Jewellery

Software BY Sagar Solutions Pvt. Ltd.
Sagar Jewellery accounting and inventory software helps into handling the stock of old/new gold & silver and jadau & simple ornaments of these mattel and un-tensil.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Sagar- Steel

Software BY Sagar Solutions Pvt. Ltd.
It is web based inventory control system with a purpose to track the inventory control with different warehouses.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Page Last Updated On 20/07/2017 04:23



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 account 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 account software report generated by analyzing more then 5000+ accounting software buyers in 2016.

1. Geographic Spread Of Accounting Software Buyers

Accounting Software Buyers in 2017

2. Industry-Wise Spread Of Accounting Software Buyers

Accounting software buyers industry wise

3. Accounting System Request On The Basis Of Designation

who use accounting software?

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

 New vs existing visitor for accounting software

7. Users Preferred Location

location wise user for accounting software buyers

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.