If you are a business owner, no matter small, medium, or large, or if you are thinking about beginning a new business of any kind, accounting software is a tool you must have. Good accounting software for large or small businesses ensures that you can focus more on expanding your business than dealing with smaller or less important things. With the best accounting software, you can get a hold of all the financial transactions, including payroll, payable and receivable amounts, and much more. In fact, some of the best accounting software also offers features to manage inventory or HR, or other areas of your business. There are a number of benefits that you can get from the best accounting software. It can be said that having #1 accounting software can help you keep the financial health of your business in check.

20 Companies

List of Top 10+ Leading Accounting Software for Small and Large Business

Intuit Quickbooks

QuickBooks Online

BOOKS DONE FOR YOU

(0 reviews)

If you are new to the world of business or trying your hand at the accounting software system for the very first time, or trying to manage financial records in your business, then QuickBooks Online can turn out to be really helpful for you. It is one of the best small business accounting software that is used by many small business owners. And if you need any assistance, there is a plethora of online support available in the form of forums or articles, or training resources.

Zoho Books

Zoho Books

Online Accounting Software

(0 reviews)

If you are in need to find software that is accurate, quick, and efficient then Zoho Books can be a good option for you. It is a cloud accounting software for small businesses. It also comes in the form of a mobile application which makes it possible for you to access all your accounting data from anywhere. It comes with some great features which makes it one of the best accounting software for small businesses.

Sage Intacct

Sage Intacct

The Leader in Accounting and Financial Management Software

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Sage Intacct is mainly a cloud accounting software for small businesses. However, with time, this brand has evolved and now the operation of this accounting and financial management software ranges from small to medium to large businesses. It was designed for the complete financial and accounting management needs of all business types. It is simple to use, robust, and flexible, making it one of the most popular business accounting software among global brands.

WAVE

Wave

Financial Software for Small Businesses

(0 reviews)

If you are an accounting freelancer, then Wave is a haven for you! It offers free services to accounting freelancers. There are a plethora of management tools loaded in this accounting software. There is no limitation on the number of bills or invoices you generate. It allows you to run multiple businesses on a single account. However, Wave lacks inventory management tools. Also, when it comes to third-party integrations, Wave is just average.

MIP Fund Accounting

MIP Fund Accounting

Nonprofit Accounting Software

(0 reviews)

This accounting software is generally for the contemporary nonprofit or government agencies that need financial management. MIP Fund Accounting has won several awards for its exceptional services. The best part about using this accounting software system is that it adapts to the distinctive needs of the organization. It focuses on the long-term goals and needs and works accordingly.

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Dolibarr

Dolibarr

Open Source ERP & CRM for business

(0 reviews)

Dolibarr is an entity that you can use for the complete management of your business. May it be accounting, or purchasing or invoicing or expense reports, you can use this simple accounting software for anything and everything. This accounting software is suitable for a company of any size. This means no matter your company type is small, medium, or large, this will turn out to be a great accounting software for your enterprise.

FreshBooks

FreshBooks

Invoice and Accounting Software for Small Business

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FreshBooks is an invoice generating software that offers many services for freelancers as well as for small businesses. It is utilized as an online account service by a number of startups. Keeping financial records by using this simple accounting software is very easy and innovative. In its trial version, it is one of the best free accounting software for small businesses that one can use for a detailed accounting.

Kashflow

Kashflow

Accounting Software, Bookkeeping & Payroll

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If you are looking for cloud accounting software, then Kashflow can be your choice. You can leave all the complexity of payroll to this accounting software. It is highly suitable for the ones who are not in the field of accounting. Non-accountants can easily deploy this accounting software and focus more on the other aspects that can grow their business. This is one of the best accounting software for small businesses.

AccountEdge Pro

AccountEdge Pro

Accounting Software for Windows Desktop

(0 reviews)

If you are finding an organization or software to carry out custom accounting software development then AccountEdge Pro is the one you can give a shot to. It, in general, is a desktop-based application that is most suitable for small businesses. It is equipped with a number of features and banking tools that can help you manage your business really well. In its trial version of 30 days, it is one of the best and free accounting software for small businesses.

Sage 50Cloud Accounting

Sage 50Cloud Accounting

Boss your finances

(0 reviews)

If you need accounting software that can simplify the complications of your business issues or management then Sage 50Cloud Accounting software is the one you need. Business owners around the world use it because it is easy to use and operated with a few clicks. It is a comprehensive solution for all the financial needs of small or medium-scale businesses. One outstanding aspect about Sage 50Cloud is its integration with Microsoft 365 so that a small business owner can make absolute use of this best accounting software for small businesses.

TurboTax

TurboTax

File Taxes Online, Tax Filing Made Easy

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TurboTax is accounting software that focuses on covering the tax needs of an organization or a business. Filing tax or tax forms is an integral part of any business and it can hog up a lot of mental effort. This taxing or accounting software is very popular among top global brands as it offers strong security measures and fantastic help resources. It is a bit more expensive than the ones in its league but it is totally worth it. It offers an excellent user experience and personalised description of tax calculations. 

Tally.ERP Solutions

Tally.ERP 9

Business and Accounting Software for SMBs

(0 reviews)

Tally.ERP 9 is popular among a lot of business owners. The reason is its smart and informative interface and its ease of use. It has been in the market for more than two decades now and hence, there are many users that put their trust in its functionality. The use of Tally.ERP 9 is widespread in the Indian market. This accounting software is best suited for small to medium-sized businesses. Multiple companies can be handled using this single accounting software.

Marg ERP 9+

Marg ERP 9+

GST Billing & Accounting Software for SMEs

(0 reviews)

Marg ERP 9+ is a great tool for business management. It is most suited for small to medium scale businesses that deal in retail, manufacturing, distribution, pharma, and more. It is accounting software for enterprises that can help you track or manage your inventory, generate invoices, file GST returns, produce financial reports, and a lot more.

Vyapar

Vyapar

Free GST Billing Software & App for Small Businesses

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If you need accounting software that can help you create, print, or share customized invoices then you can think about trying Vyapar- #1 accounting software. Many of the users like this software for its simple interface and easy to use features. It is very popular among Indian business owners. For all your business accounting needs, this can be a one step solution. The reason is its innovative features with which you can achieve excellent productivity with great efficiency. May it be inventory management, or payment estimation, or managing clients or generating invoices, this small business accounting software can cater to all your needs.

Deskera Books

Deskera Books

Online invoicing, accounting & inventory software for your business

(0 reviews)

An absolute online accounting software is Deskera Books. It comes with an interactive interface and hence navigation on its dashboard is very easy. It is a comprehensive and all-in-one tool that can help you manage the finances really well. Whether it is payroll, bills or invoices, inventory management or genr=eral ledger, order overview or bank related aspects, you will find everything encapsulated in this single entity. It is the best small business accounting software.

Xero

Xero

Accounting software to do your to-do

(0 reviews)

If you are looking for software that comes with an easy interface and is quick in its operation and manages most of your accounting work, then your search ends at Xero. It is accounting software for small businesses which is over a decade old. It has gained popularity over time and now has a huge database of satisfied clients as well as hardworking staff. There is 24 X 7 customer support.

BUSY Accounting Software

BUSY Accounting Software

GST Accounting Software in India

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If your business requirements are inclusive of overall management and financial accounting, then BUSY Accounting Software is all you need. For all your business demands or queries, this accounting software has a solution. Some of its main features include financial accounting, customizable invoicing, advanced operations and inventory management, detailed documentation, GST invoicing, accounts payable and receivable, sales transactions, and many more.

AlignBooks

AlignBooks

India's No.1 Online Accounting Software for MSMEs

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The accounting software that is widely used in India is AlignBooks. It is online accounting software for small businesses that is easy to use. Primarily, this is a billing software but with cutting edge features of MIS reports, inventory management, tracking income and expenses, tax management, project accounting, financial reporting, and more. Its features are fantastic. It can work in real-time which makes it one of the best accounting software for all business needs.

Akounto

Akounto

Simple and powerful accounting software

(0 reviews)

In the list of best accounting software for small or large businesses, Akounto is yet another comprehensive all-in-one utility for business owners or individuals. This bookkeeping software is tailor-made to rationalize your business concerns in the best way possible. It is cloud-based and utilizes real-time features to give the best output to businesses of all sizes.

Banana Accounting

Banana Accounting

Professional Accounting Software for Small Companies and Associations

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If your business requires software that works like a professional then you must not miss out on trying this accounting software. If you have worked on Microsoft Excel then handling this accounting software is very easy for you. It is very flexible, easy to use and navigation is quick. These are some of the aspects that make Banana Accounting popular among business organizations, associations, or individuals. It is great accounting software for large and small businesses.

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Buyer's Guide

What is Accounting Software?

Software that processes or manages or simplifies all the whereabouts of a financial transaction in a business is Accounting Software. This can include invoicing, payable and receivable amounts, payroll, balance sheet, income and expense statements, tax compliance, managing bank connections, and a lot more. It is generally used by an accounting professional but these days, there are various accounting software for enterprises that can even be used by an accounting novice.

What is the purpose of Accounting Software?

To process financial transactions quickly and efficiently, accounting software is deployed. Different businesses use accounting software to cater to different needs. There are many ways in which it can be utilized or deployed.

Some of the businesses use it for invoicing and billing while others may use it for tax calculations or for payroll, or for managing all financial transactions. Automation of financial situations or aspects while reducing manual work is the basic idea behind using any accounting software.

What factors should we consider before choosing an accounting system?

Some of the points that you should keep in mind before choosing an accounting system are given as follows

  • Ease of use.
  • Scalability or software upgrades of accounting software.
  • Cloud based or desktop based or if it comes in a mobile application.
  • Multicurrency Functionality.
  • User security.
  • Affordable price range.
  • Industry specific requirements that should be fitting the needs of your business.
  • Bank compatibility.

Which is the best accounting software for GST?

Some of the best accounting software for GST are given below

  • Tally.ERP 9
  • Marg ERP 9+
  • Vyapar

What are the Different Types of Accounting Software?

There are a number of accounting software one can use. Some of the integral accounting software are as follows:

  • Personal Accounting Software
  • Custom Accounting Software
  • Enterprise Resource Planning (ERP) Software
  • Billing/Invoiving software
  • Payroll Management Software
  • Online Accounting Software

How Accounting Software Improves Productivity?

Check out some of the ways with which Accounting Software can improve productivity.

  • By speeding up form filling and other data entry work.
  • By reducing manual or human errors.
  • By creating reports one can easily analyze business whereabouts hence eventually making a smart decision.
  • Finding loopholes is easier with the best accounting software.
  • Accounting Software’s centralized database ensures great employee collaboration.