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5 Best Accounting Software for Your Business

Business accounting involves a wide range of activities that need to be automated for minimum errors and maximum benefits. Although accounting is a complex and time-consuming process, the right software can help you simplify these processes so that you can invest your time and resources in other business functions. A competent, user-friendly software is a must to help you manage your finances and accounting tasks with ease.

Here are five top accounting software that you can take a look at. Read on!

BUSY

If you are looking for a competent business accounting software with an impeccable after-sales service, then BUSY is your one-stop solution. It is fully user-configurable and integrated accounting software for micro, small, and medium-scale businesses. Whether you need specialised accounting software to track and manage your finances or an inventory management software to keep you updated with the stock and its progress, BUSY can offer you all. Moreover, you can now get your GST reports and invoicing too!

As one of the most leading accounting software in India, BUSY offers an end-to-end solution for all your accounting and inventory needs.

Here are some of the highlights of the BUSY accounting software:

Multi-currency financial accounting

Multi-location inventory management

GST invoicing and reports

Sales and purchase quotations

Bill of material or production

Complete user-configurable invoicing

MIS reports and analysis

With a range of accounting software, BUSY caters to all your specific business need under a single roof. The products include:

Basic package for micro and small businesses available in a single-user variant

Standard and Enterprise package for small and medium businesses available in single-, multi-, and client-server variants

Tally ERP

Tally ERP is a business management software. It also covers inventory, payroll, taxation, and many other business operations. Whether you are a small, medium, or large-scale business, Tally ERP can help you provide a comprehensive solution for your accounting needs as well as enhancing other business resources.

Some of the advantages of using Tally ERP are:

Fast data transactions

Simple and quick installation

Data back-up

Definable user rights

Data encryption

A user-friendly and simple accounting software, Tally ERP lets you manage your accounting needs with absolute precision. The software allows for multiple company management activities with accuracy and the robust management of income and expenditure helps to make smarter business decisions. From unlimited profit and cost centers, account payables management to budget and control views, and credit management, Tally accounting software lets you manage it all!

Vyapar

The Vyapar accounting software is specifically designed for small and medium-scale Indian businesses such as departmental stores, restaurants, mobile recharge shops, pharmacies, etc. Founded in 2015, Vyapar lets you manage all your invoices, estimates, inventory, clients, and payments. It is a solution for all your small business accounting needs. This is a GST compliant app, however, it works perfectly fine even offline. Some do the important things that you can do with this accounting software are:

Get accurate financial reports

Create GST compliant invoices

Tally the invoices

File GST tax returns

Auto calculate taxes

There is a free trial version available that you can check out. You can download the Vyapar accounting software on your mobile as well as your desktop. A bonus, the Android mobile version of the app is available for free.

The mobile version has two plans – Free and Premium. The Premium package is further divided into 3 plans that include Trial for 3 months at ? 399, Basic for 1 year at ? 699, and Saver for 3 years at ? 1799.

The desktop plan is divided into 3 packages that include Basic for 1 year at ? 2999, Desktop + Mobile for 1 year at ? 3699, and Saver for 3 years at ? 4999.

You can also check the official website for any ongoing discounts on the pricing.

Quickbooks

If you are a small business and looking for cloud-based accounting software, then Quickbooks can be a great choice. You can manage and track all your finances using either the online or licensed version. From offering free of cots upgrades and support on online versions to providing instant access to information related to all your vendors, customers, and employees. Quickbooks is a comprehensive solution. Get accurate business insights to manage your decisions better with integrated tools and services. You can also customize the software using a number of tools such as cloud accounting, time tracking, payment processing, and inventory management. You can go for the 30-day trial period to understand how Quickbooks works and if it’s suitable for your business.

FreshBooks

Another cloud-based accounting software, FreshBooks is designed specifically for self-employed professionals. This accounting software helps you make all your business decisions based on actual insights and data. Whether you want to analyse or forecast the costing to hire a staff member or allocate enough time for tax, this accounting software will help you to do so smoothly. You can try this accounting software for free for a trial period of 30 days. It offers various plans and pricing – Lite, Plus, and Premium. However, you can also select a custom plan based on the specific requirements of your business. Some of the FreshBooks features that are a part of all plans include:

Customized invoices

Secured information

Project budgets

Pay through credit cards and online ACH bank transfers

Simple to use dashboard

Insightful business reports

Customer service

There is an accounting software for the specific needs of your business. It is best to compare and narrow down the features, pros and cons and select the one that suits your business the most.