For any business, small or large, determining profits and maintaining books of accounts in keeping track of the company’s financial situation. Accounting software can maintain track of a company’s revenue and expenses and automate various accounting activities. This can make the work of accountants and other finance experts more productive. For modern businesses, accounting software is an essential tool. The programme enables quick reporting, in-depth analysis, and tracking of financial transactions.
Accounting is a crucial component of any corporate organization since it provides information on profits and losses. By removing consolidated manual entries, a straightforward accounting software system helps the organization to automate reporting activities and maintain records of expenses and income. The introduction of accounting software has revolutionized business management. All business kinds, regardless of size or type, depend on the software. What’s more amazing is that accounting software is being included into systems by start-up businesses for the fundamental features it provides.
Here is a list of some of the most widely used accounting software in India
Nubooks
Driven by new-age technologies, Nubooks is a go-to accounting platform that provides accounting tools to small businesses, freelancers, and accountants to handle accounts and improve their financial performance. The platform is backed by Artificial Intelligence that is suited for all accounting needs from reading invoices to making bookkeeping and management of finances easy.
Nubooks adapts to the needs of the users as its Al solution digitizes the information in record time and converts it to spreadsheets and quick editing. The platform has a spectacular server capacity that can organize all information of the clients. Besides, its storage system is safe and secure in handling the data of companies. With the highest levels of security and capacity, the users can easily organize a large number of client information.
BUSY
BUSY is a leading, on-premise ERP & accounting software company, enabling millions of businesses in over 20 countries to manage their business operations and GST/VAT compliances efficiently. It is a 100% subsidiary of IndiaMART – a $2bn valued, public listed company. Since its inception in 1997, the company’s mission is to facilitate the growth of SMEs by providing software, and solutions, which are Easy-to-use, Powerful, and Scalable. BUSY is designed to manage businesses across geographies, industry verticals, and customer segments like FMCG, Retail, Manufacturing, Trading, Distribution, and Service.
It aims at a $100bn+ market opportunity with a clear focus on helping companies with an integrated application that works on-premise as-well-as cloud/mobile and is suitable for B2B and B2C operations.
Tally
Tally is a technology & innovation company that believes in delivering business software for Small and Medium Businesses (SMBs). Three decades since it was founded, Tally’s product caters to millions of users across industries in over 100 countries. Their robust network of 28000+ partners deliver unmatched customer experience in sales, support and services. With a strong research and development division, Tally strives to deliver innovation and excellence in enterprise resource planning software for small and medium businesses.
MyBillBook
myBillBook has been designed to aid SMB business owners to run their operations from anywhere & anytime. It provides a secure platform for business owners to record transactions & track business performance on the go. Also, the app generates 25+ critical business reports that help owners make effective business decisions. myBillBook is currently available in English, Hindi, Gujarati & Tamil and enjoys the trust and confidence of more than 1M monthly active users who generate monthly trade worth Rs 11,000 Cr on the platform.
QuickBooks
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1983, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
