21 Of The Best Accounting Software In India (With Features)

To succeed, an organisation typically tracks its finances. There are a lot of accounting software platforms, but they may not all offer the same abilities for the same price. It is essential to find accounting software that fits your needs so you can perform tasks, like invoicing and payment acceptance, that benefit the company. In this article, we share a list of 21 of the best accounting software in India, with explanations of their features and uses.

21 Best Accounting Software In India

Knowing what the best accounting software in India is, can help you keep track of the finances of the company for which you work. Accounting software automates some accounting tasks and can keep records of a company's revenue and spending. This can help accountants and other finance professionals complete their work more efficiently. Here is a list of some of the most popular accounting software that professionals use in India:

1. Tally

Tally is a popular software among small businesses and accountants. It has multiple versions of the application to appeal to a wide range of users. Tally functions as an end-to-end solution to statutory regulations. Its top features include:

• Invoice and ledger creation

• Cheque printing

• Instant reports

• Automatic bank reconciliation

• Cost estimates

• Analysis of profits

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2. Marg

Marg is a taxed-based accounting software that offers advanced features for businesses within the pharmaceutical and manufacturing industries. This application is also ideal for growing businesses that are preparing to e-file their taxes. Some of the top features Marg offers include:

• Automatic bank reconciliation

• Online payment system

• Companies can manage their business from a single platform

• GPS tracking application

• Mobile application to integrate orders and inventory

• Cloud-compatible versions available

3. Busy

Busy is an accounting software with three primary versions that businesses can choose from to best suit their needs. This application also offers both single-user and multiple users, which makes it a good option for both small and larger-sized companies. It offers special features for companies in industries such as manufacturing, retail, trading and distribution. Busy's top features include:

• Bill generation and printing

• Automatic GSTIN validation

• Automatic reconcilation

• Annual GST summary

• Inventory and stock management

• Cloud compatibility

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4. Intuit QuickBooks

Intuit QuickBooks is a popular option for freelancers and small and mid-sized businesses. Quickbooks offers different products and pricing to fit the business needs of your employer. Its top features include:

• Time tracking

• Inventory recording

• Payroll processing

• Integration with payment software platforms like PayPal and Square

• Live bookkeeping

• End-of-year tax report

• 24/7 chat support

5. Zoho Books

Zoho Books provides simplicity in its accounting software. Many businesses rely on it to manage their accounting tasks and organise transactions. Its top features include:

• End-to-end accounting

• Tax compliance

• Mobile app

• Inventory tracking

• Time tracking

• 50+reports including profit and loss, inventory summaries and sales tax reports

• 14-day free trial

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6. ProfitBooks

This accounting software is fully online and free for single users. This budget-friendly software is helpful for start-up companies and individuals who are preparing for taxes and managing financials. ProfitBooks is an advanced accounting platform that is user-friendly with a high-quality and easy-to-navigate website. ProfitBooks' top features include:

• Expense tracking

• Invoice creation

• Inventory management

• Tax record generation

• Inventory flow tracking

• Ability to create multiple warehouses

7. Logic

Logic is an enterprise research planning (ERP) software that caters to distribution, retail and manufacturing companies. This software can help track business expenses and inventory. Here are some of Logic's top features:

• Ledger integration

• Sales forecasts

• Human resources, accounting and inventory management

• Taxation management and auditing

• Collaboration tools

• Document sharing

• Workflow management

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8. myBooks

myBooks by Zetran is a cloud-based accounting software that provides its users with a lot of security, which is especially important because myBooks connects to your bank and imports your transactions. Its top features include:

• Create invoices

• Statements in easy-to-read graphs and charts

• Templates

• Simple configuration

• Analytical dashboard

• 24/7 support via chat

9. Vyapar

Vyapar is a free application for invoicing, inventory and accounting for businesses. This application is well suited to small and medium-sized companies. Vyapar's key features include:

• GST compatibility

• Automatic backup of files

• Free trial for premium features

• Availability on mobile applications and PCs

• Automatic payments

• Contact business insight monitoring

• Invoice creation and printing

10. Saral

Saral is an accounting software that helps small businesses completely monitor their finances, inventory and service and billing. The application is popular among several industries, including retail, distribution and timber. Some of Saral's key features include:

• Service invoicing

• Stock reports

• Mobile application integrations

• Ability to sync data from mobile websites

• Alerts for live stock updates

• E-payment extract

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11. Realbooks

Realbooks collects and stores financial data so businesses can make better decisions. It is an online platform that is GST compliant and a resource for businesses to complete accounting, payroll and inventory tasks. Here are some of the key features Realbook offers:

• Document management

• API integration

• Flexible bill analysis

• Manual bank reconciliation

• Real-time data management

• Receipt and payment advice generation

• Sale and purchase reports

12. Reach

This software caters to small and medium businesses. Reach bundles all business operations into one application, which can help businesses view and analyse data in a convenient, organised and efficient manner. It has powerful business automation software that can effectively manage multiple accounts at once. Its top features include:

• Customised invoices

• Email and website lead captures and management

• Import options

• Inventory management

• Cloud-compatibility

• End-of-day reporting

• Custom-made for your business needs

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13. Zipbooks

Zipbooks is an online accounting software for businesses that want to operate on the go. There is a free option, but for a fee, you can upgrade to a version that includes bookkeeping. Some of its top features include:

• Invoicing

• Automated billing

• Payment reminders

• Intelligent reporting

• Online payments colour-coded for ease of use

14. Alignbooks

Alignbooks is a cloud-based accounting software that you can also access offline. It is ideal for small and medium-sized businesses. Some of Alignbook's top features include:

• Secure data backup

• Bill generation

• Built-in operational controls

• Flexible deployment

15. ZenScale

ZenScale is a cloud-based enterprise resource planning accounting software for small and medium-sized businesses. ZenScale offers custom pricing, which allows companies to choose the plan that best suits their needs. ZenScale's top features include:

• Real-time visibility of business transactions

• Control system for scheduling and inventory

• Payroll management software

• Automatic GST reports

• Mobile application availability

• Tax preparation

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16. Bench

Bench is an accounting software that mostly focuses on taxes. If you work for or own a small business and want to make sure you are ready for tax season, then Bench may be the ideal option for you. Bench works by turning your financial statements into data that is ready for tax filing. Some of its top features include:

• Bookkeeping team that imports bank statements and prepare financial statements

• Year-end package with everything you require to file your taxes

• Ability to work with your CPA

• Monthly financial statements

• Mobile app

17. BookKeeper

BookKeeper is a GST accounting application catered to businesses within the industries of retailers, wholesalers, distributors and manufacturers. This application allows users to access it both from their mobile devices and desktops. BookKeeper's top features include:

• Data synchronisation across users and platforms

• Customisable invoice templates

• Free updates

• Inventory management

• E-commerce integration

18. Wave

Wave cloud-based software that is easy to use for business owners with no accounting or bookkeeping experience. It is a wonderful option for businesses who are on a budget as it offers a free version. Its top features of the free version include:

• Tracking of transactions

• Receipt scanning

• Invoice management

• Offers a paid monthly subscription if you need payroll processing

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19. Xero

Xero is a great option for businesses that intend to grow. While most accounting software charges per user, Xero allows you to add more users as you add people to your team who need access to Xero without a price change, and it is cloud-based. Some of its top features include:

• Inventory tracking

• Recurring invoices

• Track projects

• Multi-currency accounting

• Online and PDF quotes

• Integrations with 700 different apps

• 24/7 support via email and live chat

20. Kashoo

Kashoo has branded itself as the world's simplest accounting software. Kashoo is ideal for freelancers and businesses with fewer yearly transactions. Some of its top features include:

• Unlimited number of users

• Income and expense tracking

• Categorisation of debits and credits

• Automatic reconciliation

• Online invoice payments

• Connection to bank accounts

• Collaboration features with other accountants and bookkeepers

21. FreshBooks

FreshBooks combines a lot of the features that accountants, small business owners and accounts clerks require to complete their work. It uses cloud-based software, making it easy to access on mobile phones and desktops. Its top features include:

• Highly intuitive invoicing tools

• Recurring invoices

• Most functions available on a single dashboard

• Mobile app

• Organised expenses

• Automatic deposits

• Easy to access customer support

Hope this list of best accounting software in India helps you in selecting the most appropriate one for your employer.

Please note that none of the companies, institutions or organisations mentioned in this article are associated with Indeed.