What is Accounting Software?

Accounting software is an important application that enables you to store and manage records and accounts. Accounting plays a vital role in any business as it signifies financial health. If you are a business owner, then it is essential to have accounting software. The software helps to maintain accurate financial records for profits, expenses and other purposes

It doesn't matter if you have a small business or a big one, the maintenance of accounts allows you to have a look at the financial position of your business.

Many reputed software companies have simplified the process of accounting. It is designed to ease out the tiring manual process of accounting. This reduces the chances of human errors thus showing accuracy in financial matters

Numerous accounting software today have incorporated the latest GST features to make it compatible with the latest tax structures.

Best Accounting software @ Affordable price

1. Tally

Every business has a different way of working and its requirements may vary largely. TallyPrime is accounting software that is designed keeping in mind the varying business scenarios today. It is considered to be the ideal software for small to medium-sized businesses

TallyPrime is a leading business management solution known for its unique features. Some of them include payroll, stock control, accounting, reporting and so on. The best part about this software is that you don't need to pay extra for the additional features

Features:

• Audit Trail
• Budgeting
• Customer Management
• Brcode Integration
• Email Integration

Pricing:

• Silver Rental: $8.04
• Silver: $24.13
• Gold Rental: $10.72
• Gold: $723.76

2. Zoho Books

Zoho books are the ideal accounting software for small businesses. It is a cloud-based accounting software solution that features expenses, customer management, project time tracking and more. It helps manage and record financial requirements with ease.

Users can automate tasks and also access a wide range of reports available in the software. Besides, business owners can also set up custom workflows as well.

Attractive Features:

• Expense Management
• Cash Management
• Estimates
• Inventory
• Banking

Pricing:

• Free: $0.
• Standard Plan: $15 per organization, per month billed annually
• Professional Plan: $40 per organization, per month, billed annually
• Premium Plan: $60 per organization, per month billed annually

" Zoho Books is that they offer a 14-day free trial which allows you to first try the software before you plan on installing it for your business. "

3. Vyapar

Vyapar is an accounting and GST compatible invoicing software designed for small businesses. Users can create estimates, orders, GST bills, track expenses or payments, generate GSTR reports and so on with the software.

Vyapar software even offers customization options and share them on Whatsapp. Besides, it also has payment reminders or many options to track unpaid bills. You can choose to use the mobile application which is free to use.

Attractive Features:

• Manufacturing
• Mobile Support
• Recurring Invoice
• Customer Management
• Inventory Management

Pricing:

• Basic Desktop: $26.79 per year
• Desktop + Mobile: $32.15 per year
• Saver Plan Desktop: $53.60/device 3 years

4. QuickBooks

QuickBooks is end-to-end accounting software that will help your business in multiple ways. It has a wide array of features that are simple and easy to use. You can manage your inventory, track expenses, sales and payrolls using the enterprise software.

One of the reasons why this accounting software is so popular is due to its enormous features that are available at a decent price. It offers many solutions to help your business grow.

What's more? There are many editions of the software that you can choose according to your business needs.

Attractive Features:

• Aging Tracking
• Backorder Management
• Billing Portal
• Accounts Payable
• Accounts Receivable

Pricing:

• Self Employed: $7.50 per month
• S Simple Start: $12 per month
• S Essentials: $24 per month
• S Plus: $40 per month
• S Advanced: $90 per month

5. MargERP

MargERP is the ideal choice for small, midsize and enterprise businesses. It is an on-premise accounting solution that offers different modules to cater to varying business requirements.

The software has android apps for suppliers, customers and store owners. Some of the features of the accounting software include reporting, inventory management, touch POS, integrations and bar code among others. There are additional many features that you should explore.

Attractive Features:

• Quotation & Estimates
• HR & Payroll
• Financial Management
• Transport/Fleet Management
• Quality Management

Pricing:

• Basic Edition: $108.56 Full License/Single User
• Silver Edition: $168.88 Full License/Single User
• Gold Edition: $337.75 Full License/Single User

6.ProfitBooks

ProfitBooks is specially designed for small-sized businesses. It is a simple and fast accounting service that lets you manage expenses, create invoices, and keep a track of the inventory even if you do not have any accounting background

. ProfitBooks produces over 40+ financial reports such as sales & tax, profit and loss, balance sheets, tax summary and so on. Besides, it also offers a white and custom label solution.

Attractive Features:

• Security
• Online Banking Integration
• Multi-Currency Support
• Multi-User login & Roll based Access

Pricing:

• Professional Plan: $80.40 per year
• SMB Plan: $120.61 per year

7. FreshBooks

FreshBooks offers an intuitive, well rounded and attractive accounting experience as compared to other software. The accounting software offers a wide range of solutions that can include time tracking, expenses, invoices and estimates, and projects.

You can try FreshBooks for 30 days free. At the same, invoicing is pretty simple and many automatic features make it a worthy product that you should try out. It is one of the best small business accounting software that you can invest in.

Attractive Features:

• Time Tracking
• Expense Management
• Accounts Receivable
• Standard Reports
• Role-based User Permissions

Pricing:

• Lite Plan: $4.50 per month for five billable clients
• Plus Plan: $7.50 per month for up to 50 clients
• Premium Plan: $15 per month for up to 500 clients

Conclusion

Accounting software is specially designed to suit varying business requirements. Furthermore, it helps you to manage expenses, generate invoices and keep a tab on your financial condition. Thus, accounting software can go you and your business better

So choose the right accounting software for your business and witness:

• Better financial reports
• Save time on hand
• Custom options
• Affordable prices

In this developing world of technology, it is necessary to invest in accounting software rather than manual keep a track of the same. At the same time, the use of accounting software helps to minimize or eliminate errors that can cause much damage.