Best Accounting Software for Your Business in India

MediVision Gold Retail

Mostly used for Medical, Pharma and Drug Shop
It is specially developed for Medical, Pharma and Drug Shops. It covers all aspects involved in running a day to day medical retail business, covering point of sales, inventory and accounting online billing, up to finalization stage.
import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Openbravo

Software BY Openbravo
Openbravo open source software is a world leader in the professional open source enterprise software space and focused on helping organizations to achieve superior competitiveness. 
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Invoice Home

Create professional PDF invoices in seconds.
Invoice Home is an instinctive invoice templates generator, permitting you to download & send PDF invoice utilizing huge amounts of free invoice templates, outlines and alternatives.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

SlickPie

Free Accounting Software for Small Businesses
SlickPie is free online accounting software for small businesses, offering online invoicing and billing, automated receipt data entry, financial reporting, bank reconciliation, and more.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Account Express

Desktop based Accounting Management Software
Desktop based Accounting ERP. Accounting Management System Account Express is most comprehensive software that will fulfill all your accounting needs. It maintains payroll, budget, Cash Management, Trial Balance, Journal Entries, Balance Sheets and so on. It maintains data and generates reports.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Valai School Software

Valai School - trusted School Mangement Software
Valai School is a premium school management software by 'The Valai Infotech Pvt Ltd. They are in the market for more than a decade. It is easy and user-friendly software for all education Industries.
smartphone import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Alpha Books

Software BY Vimukti Technologies Pvt. Ltd.
Alpha Books is an online accounting software for small businesses. It comes with everything a small business needs. Recurring invoices, invoice reminders, sending automatic mails, being able to categorize income and expenses, dashboard and details income and expenses reports.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Maccy

Software that calculate your business…
The big difference between Maccy and other accounting software is that all of the features in Maccy are there as a direct result of requests from our customers. We started in 2011 with a very, very basic product and decided to only add features that are actually requested by small business owners as opposed to things we thought might be a good idea.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

HIAccounts

GST Accounting Software
GST compliance invoice and billing software. A complete GST Accounting solution to your business. Generate sales/purchase invoice in 30 sec in 3 steps. HIAccounts is one of the leading accounting and inventory software for small and medium size businesses.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Public Books

Software BY Vimukti Technologies Pvt. Ltd.
Public books is an online accounting software for charitable organizations. We felt that charitable organizations needs a service that gives transparent access to data that shows how the donors money is being spent, so that it will enable more people to contribute to the organization and this is only possible by online accounts. 
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Decfill

An Innovative Online Accounting Application
Decfill is a cloud accounting software for small and medium enterprises. It is specifically developed and designed to cover all the needs of Indian businesses. Decfill is using cloud technology which allow the user to access the accounts book anytime, anywhere on any device via internet browser.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

XLTOOL - Excel to Tally Software

Tally data migration tool
XLTOOL - Excel To Tally Software is a Microsoft Excel tool that enables you to easily convert data to Tally application. It migrate all types data in Tally from Excel. It is auto Tally data migration tool which help migrate data quickly and easily. Software provide template file contains several worksheets, including mLEDGER, mITEM, Single, Multi and Stock.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Easy GST

Software by Easy Accountax
Easy GST is an online accounting software to manage your accounting, inventory and to file your GST returns with ease. Sign up for a free trial. We at Easy believe that Accounting can be made very easy and powerful using the latest technology at a very affordable price.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Asset Software

MOST USER FRIENDLY FINANCIAL ACCOUNTING SOFTWARE
We have readymade solutions for Financial AccountinAnchorg, ERP, Hospital Management, e-commerce, Real estate, School-Colleges & many more. We also renown for providing Cloud Based solutions which also now have high demand in the market worldwide.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

E-Restro - A Complete Restaurant Management

Your Best Restaurant Manager
E-Restro is application to restaurant management. This system wake to provide service facility to restaurant and also to the customer. Restaurant management system is the system for manage the restaurant business. The project is developing because; many restaurants have a lot difficult to manage the business such as customer ordering and reservation table.
import_contacts
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Page Last Updated On 17/11/2017 04:00



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 solutions 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 system 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 accounting packages 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, bookkeeping, 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 information system buyers in 2016.

1. Geographic Spread Of Accounting System Buyers

Accounting Software Buyers in 2017

2. Industry-Wise Spread Of Accounting Solutions Buyers

Accounting software buyers industry wise

Features Required in Accounting Solutions

The success of any company is dependent on its robust accounting system. With technology becoming a necessity, it becomes mandatory to use accounting 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 account software for business:

  1. Security: It 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 whacole 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 Account 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 account 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 solutions come handy. You don’t have to rely on your memory to remember the daily budget, bookkeeping 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 tool, 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 packages 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.

Usability of Account Management Software In The Current Market

1. Why it's important for restaurants to use accounting packages?

Most of the restaurant owners or managers work to allure more customers by serving best and unique dishes. While doing so, they forget that it's also important to make good financial decisions which will benefit their business. They hardly have time to pen down each and every penny they gain or spend and accordingly plan the business. That is the reason it's important for them to have accounting software for restaurants. Few of the software are NetSuite, Sage Intacct etc. These are the best ones and will help you in managing your finances so that you can take better decisions for your business.

2. How retailers can get benefit by using accounting solutions?

Irrespective of the size of your business, you are responsible for maintaining your own accounts. Many retailers find difficulty in managing their own finances and need some help. Hiring a person may incur extra cost, therefore the best way to do it without spending extra money is using accounting tools for retailers. It helps in providing the financial information to the regulators and also will let you know about the performance and growth of your business.

3. What is the need of account software in real estate?

In real estate industry, the performance and work of agents are monitored closely to find out the strengths and weaknesses which can be improved. That's why after each deal, they have been rewarded with a commission just like sales associates. Accounting information system for real estate helps in monitoring the performance of the agent, data analysis and in creating reports. The latest software also have some other features like storing the sale info in a database for future analysis, distributing and calculating commission etc. Some of the popular  accounting tools are Multiview, Sage Intacct, Deskera, etc.

4. Why builders need account software?

One might think why builders need accounting packages. The answer is quite simple; builders have to deal with both operational and accounting aspects to be on the top. Since they are more into the operational part, they hardly give time to the accounting aspects and need external or internal help to do the work. Hiring someone to do the task can add to the expense. Therefore it's better and easier to use account management software on your own. One can rely on it, it's confidential and the builder doesn't have to share the details with anyone else. Using these software, one can ease their business and get a smooth flow of work. 

5. Why bakery businesses require account management software?

The market is full of account software; you need to look out for the one which serves your purpose. Some might be good for pure retail shops but not for a bakery. You need to look out for those who are best fitted for your bakery business and can help you in inventory management, production management, and also keep track record or your business and help in further analysis. Accounting software for bakery will handle all your accounting issues and make your process flow smooth.  

6. What should be the main features of accounting packages for Courier Company?

Financial systems are required in the courier companies to keep the accounting tasks automated. Integrating the right account software for your courier company with your processes will allow easy accounting. To know whether your software is effective or not, you can check if it allows efficient reporting, transaction management, voucher generation, calculation of trail balance, and balance sheet management. It will not only make your day-to-day accounting tasks error-free but also track the losses and profit in real-time.

7. How account management software can be beneficial for contractors?

A contractor has to manage a lot of things, like keeping track of the contracts, deadlines, materials used in those contracts, workers associated in a particular work, payments, etc. Doing all this manually can take a lot of time and increases the chances of errors as well as mismanagement. Therefore it's beneficial for them to use account management software which will help them managing everything in an easy and speedy way. It minimizes the possibility of any sort of error. Helps in reporting as well as organizing the data. Some of the accounting information system for contractors are Sage 100 Contractor, FOUNDATION construction accounting, CMiC, etc.

8. Top accounting solutions for diamond industry

In today's time, technology is being used in each and every task to make it simple and easier. In the same way, with the increasing demand of diamond in the market, the need for software which can handle all the accounting and invoices have increased. By using accounting packages for diamond industry, one can easily manage the orders, inventory, purchases, etc. It can also make your counter billings quick. You can easily use it on your own; you won't have to hire anyone to do your accounts. Some of the popular accounting tools are Reach Accountant, Tally, QuickBooks, Profit Books and Marg.

9. Why export business need account software?

Just like any other business, export businesses also need accounting information system to keep a record of their work as well as to maintain their finances in an organized way. Having it can help in speedy work and better organization. There are various account management software for export business available in the market. One of the best business accounting solution available in the market is BlueLinkERP; it is intuitive, slick, simple and easy to use. It's free of cost and offers other benefits like bills management, unlimited support, unlimited users, etc. Another software solutions which you can try are TransactLive and LogicOr.

10. Why garment industry need accounting software?

The garment industry is a huge industry which is always in profit. There are so many outfits, designs for men, women, and kids that the business never goes out. There are lots of people involved in it, from designers to distributors, which makes it difficult to manage different accounts. This raised the need of having accounting packages which can help in keeping track of the records. The market offers various account management software for the garment industry, to manage your sales order, inventory, purchase order, work in progress and EDI.

Market Trends of Accounting Solutions

Accounting solution 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.  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 tools 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 ERP software 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 solutions.

    The aim behind introducing such all-inclusive account 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 packages.

  3. 3rd Party application integration:
    Business people always looking best account 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 management 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 management software. This trend of extended API availability is nowhere close to fading.

  4. Virtual implementation assistance:

    Account management software 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.

Accounting software in