Most of the businesses, whether they are startups, small enterprises, or established corporations, face some major challenges when it comes to managing finances. As managing your accounts manually is not only time-consuming but also error-prone.
Here, Accounting software come as savior. Accounting software automates tasks, reduces mistakes, and helps businesses stay organized, saving time and effort. But there are uncountable accounting software available in the market, that makes it confusing and difficult to select the appropriate one.
To make it easier for your business, we’ve listed the Top 10 Accounting Software in India, each with a short overview, its best use case, and key features that make it stand out from other software.
Top 10 Accounting Software in India
1. TallyPrime
Best for: Traditional businesses & accountants
TallyPrime is one of the most popular choices for businesses that need a scalable accounting solution with a dedicated accountant or finance team, and for medium to large businesses. Ideal for businesses comfortable with desktop-based software.
Key Features:
- GST-Compliant Invoicing
- Inventory and Payroll management
- Multi-language support
- Bank Reconciliation
2. Busy
Best for: SMEs with inventory and taxation needs
Busy is widely used by small and medium-sized enterprises (SMEs) in India, especially retailers, manufacturers, and wholesalers that require integrated accounting and inventory solutions
Key Features:
- GST Billing & Return Filing
- Multi-branch and Multi-user Access
- Inventory Tracking
- Customizable Reports
3. Vyapar
Best for: Small businesses, shopkeepers & local traders
Vyapar is designed for non-technical users, particularly for small shop owners, retail stores and traders. Suitable for entrepreneurs who require a simple tool to manage billing, inventory, and accounting.
Key Features:
- Mobile-first Interface
- Easy Invoicing & Billing
- Stock Management
- Business Expense Tracking
4. Xero
Best for: Startups, digital agencies & remote teams
Xero is a modern, cloud-based tool that suits startups or small businesses, particularly those in search of scalability and deep third-party integration. Also excellent for businesses with international clients and transactions.
Key Features:
- Real-time Collaboration with accountants
- Bank Feed Integration
- Recurring Billing
- Dashboard with KPIs
5. Zoho Books
Best for: Service-based businesses & freelancers
Zoho Books is ideal for businesses looking for an affordable and user-friendly solution with tax compliance and features. It integrates well with the Zoho ecosystem (CRM, Inventory & Projects), which makes it an all-in-one solution for businesses.
Key Features:
- End-to-end Accounting Automation
- Integrated with Zoho CRM and Inventory
- GST E-invoicing & Returns
- Time Tracking for billable hours
6. FreshBooks
Best for: Freelancers, creative professionals & consultants
FreshBooks is tailored for individual service providers that need a simple yet effective accounting solution. It helps to create professional invoices, track hours, and manage client payments, and comes with great customer support.
Key Features:
- Client Invoicing and Payment Tracking
- Expense Management
- Time Tracking
- Project Collaboration
7. MargERP
Best for: Retailers, wholesalers & pharma distributors
MargERP is a powerful tool for medium to large size businesses that need sophisticated features such as customization, multi-user support, and integration with other applications. Ideal for distribution, retail, and manufacturing businesses.
Key Features:
- Barcode and Inventory Handling
- Pharma-Specific Billing Modules
- GST-Compliant
- Loyalty Program Support
8. Refrens
Best for: Freelancers & small businesses
Freelancers, agencies, and service-based small businesses in India who want an all-in-one platform for invoicing, accounting, and client management.
Key Features:
- Professional Invoicing & Payments
- Client & Project Management
- Quotation & Expense Tracking
- Freelancer Marketplace Integration
9. Realbooks
Best for: CA firms & mid-sized businesses needing real-time access
RealBooks is built for businesses that need real-time data sharing with accountants and teams, especially companies with multiple departments or branches. It’s cloud-based and offers advanced financial control and audit logs.
Key Features:
- Cloud-based Accounting
- Audit Logs for every transaction
- Department-wise Financials
- Real-time Data Access
10. Acumatica
Best for: Enterprises & fast-growing businesses needing a full ERP
Acumatica is not just an accounting tool, it’s a complete cloud ERP solution. Best suited for large companies or businesses planning to scale, it provides complete control over finances, operations, inventory, and CRM.
Key Features:
- Cloud ERP with Accounting
- Customizable Workflows
- Role-based Dashboards
- Multi-Currency Support
Conclusion
Selecting a suitable accounting software is based on your business size, sector, and specific requirements, such as GST filing, invoicing, or inventory. All of the above accounting software also provide free trials, so you can try them before buying a plan. A good accounting tool will not only keep your books tidy, it’ll also make you sleep better at night and give a mental space to focus on growing your business.
FAQs
1. Which is the most popular accounting software in India?
TallyPrime is the most widely used software among Indian businesses due to its simple interface and GST features.
2. Is there any free accounting software in India?
Yes, Wave Accounting offers free accounting tools that is best for freelancers and small businesses.
3. Can I file GST using accounting software?
Yes, most software like Zoho Books, Busy, and TallyPrime offer GST return filing and invoice generation features.
4. What software is good for a freelancer?
FreshBooks and Zoho Books are great choices for freelancers with features like invoicing and time tracking.
5. Which accounting software works on mobile?
Vyapar, Zoho Books, and FreshBooks all offer user-friendly mobile apps.
6. Can accounting software manage inventory?
Yes, software like Busy, TallyPrime, and MargERP offer strong inventory and stock management modules.
