7 Best Accounting Softwares in India (Updated 2024 List)

Here's a list of 7 Accounting Software solutions that are popular in India as of 2024:

1. Tally.ERP 9: Tally.ERP 9 is one of the most widely used accounting software in India, known for its robust features, user-friendly interface, and GST compliance capabilities. It offers features for accounting, inventory management, payroll, and statutory compliance.

        · Advantages:

• Robust features for accounting, inventory management, payroll, and GST compliance.
• User-friendly interface suitable for small and medium-sized businesses.

       · Disadvantages:

• Limited scalability for large enterprises.
• Requires some learning curve for new users.

2. QuickBooks Online: QuickBooks Online is a cloud-based accounting software that caters to small and medium-sized businesses. It provides features for invoicing, expense tracking, financial reporting, and integration with banking and other business apps.

       · Advantages:

• Cloud-based platform accessible from anywhere with internet connectivity.
• Integration with banking and other business apps for streamlined workflows.

       · Disadvantages:

• Pricing plans may be relatively higher for some businesses.
• Limited customization options compared to desktop versions.

3. Zoho Books: Zoho Books is another popular cloud-based accounting software that offers features for invoicing, expense tracking, inventory management, and GST compliance. It integrates seamlessly with other Zoho products and third-party applications.

       · Advantages:

• Seamless integration with other Zoho products and third-party applications.
• User-friendly interface with features for invoicing, expense tracking, and inventory management.

       · Disadvantages:

• Advanced features may require additional modules or integrations.
• Support response times may vary depending on the plan.

4. Marg ERP 9+: Marg ERP 9+ is an accounting and inventory management software designed for businesses in various industries, including retail, distribution, manufacturing, and services. It offers features for GST compliance, invoicing, inventory tracking, and financial reporting.

       · Advantages:

• Comprehensive solution with features for various industries including retail, distribution, and manufacturing.
• Strong GST compliance capabilities and support for financial reporting.

       · Disadvantages:

• Installation and setup process may be complex for some users.
• Customization options may require additional investment.

5. Busy Accounting Software: Busy Accounting Software is a comprehensive accounting solution suitable for small and medium-sized businesses. It offers features for accounting, inventory management, GST compliance, payroll, and financial reporting.

       · Advantages:

• Comprehensive accounting features suitable for small and medium-sized businesses.
• Customizable reports and support for GST compliance.

       · Disadvantages:

• User interface may feel outdated compared to cloud-based solutions.
• Limited availability of third-party integrations.

6. Saral Accounts: Saral Accounts is an easy-to-use accounting software designed for small businesses and professionals. It provides features for invoicing, expense tracking, bank reconciliation, and GST compliance, catering to the specific needs of Indian businesses.

       · Advantages:

• Easy-to-use interface designed for small businesses and professionals.
• Affordable pricing plans and strong GST compliance features.

       · Disadvantages:

• Limited scalability for growing businesses.
• Customer support response times may vary.

7. Gen GST Software: Gen GST Software is a GST compliance solution that helps businesses prepare and file GST returns efficiently. It offers features for GST invoicing, return filing, reconciliation, and compliance management.

       · Advantages:

• Focuses specifically on GST compliance, offering features for invoicing, return filing, and reconciliation.
• Cost-effective solution for businesses primarily concerned with GST compliance.

       · Disadvantages:

• Limited accounting features compared to comprehensive accounting software.
• May require integration with other accounting tools for full financial management.

These accounting software solutions offer varying features, pricing plans, and suitability for different types of businesses. It's essential to evaluate your business requirements and choose the software that best meets your needs. When selecting an accounting software solution, it's essential to consider factors such as the size and nature of your business, budget, scalability requirements, and specific features needed for your accounting and compliance needs.