List of Best 5 Accounting Software India for Small Businesses in 2022

When looking for the most effective accountant software SMEs should look at those which meet their business goals cost-effectively and are simple to use. Top Accounting Software India keeps your BookKeeper financial records well-organized and gives you pertinent information when you require it.

Selecting reliable business software can be a daunting job as it requires lots of study on your part. The choice you make could be the difference between a successful and unsuccessful company since accounting software can help small-sized businesses make informed choices. There is a variety of accounting software is accessible in India and as an SME, you don’t need to have a complicated system for your accounting operations.

What exactly is Financial Accounting Software?

The Financial Accounting Software is an application software that helps track and record accounting activities and to calculate financial information of a company. The best accounting software helps in keeping the track of all financial transactions for an organization and generate reports.

Different types of accounting Software

• Spreadsheets
• Commercially Licensed Software
• Enterprise Resource Planning Software (ERP)
• Customized accounting management software

5 Best Accounting Software List for Small Business in 2022

TallyPrime (Tally.ERP 9.)

Tally.ERP 9 is now thought of as to be the market leader in accounting software for small and medium-sized enterprises. It is used for accounting for sales, purchase inventory, payroll and other functions for an organization. It is a user-friendly program created by Tally Solutions Pvt Ltd. 

Tally.ERP 9 is a complete software that assists in tracking GST associated statutory changes. It allows businesses to comply and minimizes the risk of rejections for GST returns submitted by you.

Built-in correction tools In-built correction capabilities make GST filing fast and error-free. From creating invoices to making GST returns, each step is made simpler by this most efficient GST accounting software available in India.

TallyPrime or TallyPrime, or ERP 9 aids in the management of:

1. Journal & Ledger
2. Credit notes and debit notes
3. Trial balance
4. Balance sheet
5. P&L
6. Cash flow, more, and more

SME’s can streamline their finances and control-related processes like budgeting, bank reconciliation and internal audits, inventory valuation and more. with this accounting tool.

Busy Accounting Software

Busy accounting software was created by Busy Infotech Pvt Ltd. It’s an integrated business software that assists SMEs control their accounting, sales purchases CST, VAT currency, payroll, and inventory across multiple locations. Businesses that have global exposure can count on this top software for managing accounts to keep better control of their finances.

The multi-currency feature, as well as user-configurable invoicing make account management simpler for businesses. Documents that can be configured by the user make the process of reporting and analysis simpler for businesses that are growing.

Some of the most notable features of Busy Accounting software include:

1. Multi-currency financial accounting packages
2. Production
3. Bill of Material
4. GST invoices and reports
5. Inventory management for multiple locations

Marg Accounting Software

Marg Accounting Software is developed by Marg Compusoft Pvt Ltd and is popular in the small and medium-sized enterprises from India. It is easy to use, simple to set up and offers a wide range of the way it can be customized. If your company is in distribution, retail or manufacturing or manufacturing, this GST ERP software India is a great choice.

With Marg the free accounting software you can finish tax and payroll procedures precisely. The bill audit feature of the software leaves no chance for errors which makes bill creation and delivery much easier. Beginning with GST bill to file, the entire process can be simplified by using Marg the accounting program.

Marg accounting software makes sure:

• Quick and simple bill
• Efficient reporting
• Tax calculation for GST
• Management of barcodes
• Tax reconciliation, etc.

It is also able to efficiently manage accounting transactions purchases, taxation and invoicing, inventory, and more. of SMEs.

Zoho Books

Zoho Books is an online accounting program that is user-friendly and specifically designed specifically for SMEs. By using this accounting program it is possible to send professional invoices to your clients and be sure you’re receiving payments online quickly. Companies are using this software to track every single detail of their expenditures and bill clients with ease.

This software for accounting and billing allows you to track and categorize expenses in real time to provide more control over a company’s cash flow.

Connect Zoho Books to your bank account and then updates about your cash flow will begin appearing. No transaction will remain unnoticed when you have Zoho Books accounting software at your at your disposal.

Zoho Books key features include:

1. Automatic feeds from banks and payment notification
2. Collaboration online with clients
3. Time tracking
4. API
5. Management of inventory
6. Invoice tracking
7. Reconciliation

With its automated processes, Zoho Books is helping companies manage their accounting processes efficiently through a single platform.

FreshBooks

FreshBooks is a single-stop solution for financial and accounting management in a company. It aids businesses with their accounting requirements, like generating invoices, and managing subscriptions with ease.

Because it’s intuitive and simple, users don’t have to spend time on paperwork, and it can produce invoices of a standard enterprise. It is also able to automate common accounting processes like recording expenses, tracking time and contacting clients.

FreshBooks cloud accounting aids with:

1. Invoicing
2. Projects
3. Charges
4. Estimates
5. Time Tracking
6. Payments
7. Accounting
8. Reports, and more.

Because it’s a bundle that includes all the necessary tools to manage your finances, eliminating the requirement for additional software.

One of the greatest benefits that comes with FreshBooks is the fact that each of financial procedures can be managed through the dashboard. Because FreshBooks is an online-based solution you can be sure that it is secure and accessible remotely across various devices, including tablets, smartphones, and laptops.