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Top 5 Accounting Softwares For SME And MSMEs Provides Facilities To Operate Remotely During Lockdown

Below is the list of top 5 most popular accounting softwares which are also regarded as the best accounting softwares for small business in India across varied sectors.

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There are innumerable business accounting softwares available in the Indian market these days which help in the preparation of accounts and Balance Sheet of small and medium business entities.

Accounting displays the financial health of a business. For any small or medium business, ascertaining financials and maintaining books of accounts to keep a tab on the financial position of the business can turn out to be a tedious process. Financial accounting involves a lot of complex scenarios, big operational budgets and enormous ledger records. If it’s a small business or a huge one, it faces shortcomings in handling extensive books of accounts and play with adequate tools but with fully configurable e-invoicing, GSTR and other features are enabling the businesses from small towns to connect with the mainstream development of the country. Practicing healthy financial bookkeeping and engaging the perfect accounting software provides a straightforward powerful accounting solution.

Below is the list of top 5 most popular accounting softwares which are also regarded as the best accounting softwares for small business in India across varied sectors.

1. Tally: With more than 75% market share and 2 Million business users, Tally is undoubtedly the best accounting software in India for small enterprises. Tally tops our list of accounting software as an end-to-end solution to GST statutory regulations as current reformer changes get in the financial accounting system of India. Tally is equipped with error detection capabilities that minimize any chances of rejection in GST returns. As accountants have been using this software for so many decades, they have established a comfort factor for working on tally and have a huge preference for working on tally. Its mass reach and user acceptability are what driving its growth.

2. BUSY Accounting Software: Busy was launched in the year 1997 and is mainly popular for its inventory management features. Most of the distributors and stockholders have now shifted from Tally to Busy as the detailed inventory reports generated by Busy help a business in keeping a track of the stock which has made Busy one of the top online accounting software in India. Busy was curated by a group of IT professionals with a motive that focused on the development of business accounting. The software has received an overwhelming response from the Fortune companies in India.

3. Zoho Books: The latest entry in the field of accounting softwares is the Zoho Books Accounting Software. It is a cloud accounting software, which is undoubtedly going to be the future of accounting. Zoho Books can be easily accessed from any device with the use of the Internet. Zoho Books is GST compliant, automates business workflow, and manages financial accounting and helps in managing departments collectively from one single source. According to finance experts, Zoho Books is one of the most preferred accounting solutions for growing business.

4. Marg: Launched in the year 1992, Marg has built a name for itself in the market as a software which provides customised solutions depending on the need of each industry. Marg is a GST enabled inventory and accounting software in India that makes GST billing and filing easy. Marg is a trade specialized solution that is highly affordable in price and customizable in features. With more than 2500 software configuration and 500 tutorial videos, the software is easy to implement and lets you build functionality to business support.

5. Vyapar: Vyapar tops the list of accounting software for small Indian businesses. The accounting software is a free platform that allows maintaining invoice, getting inventory records, managing books of accounts, and tracking daily business activities while focusing on business growth rate. Since most of the small sector business needs a digital upgrade, Vyapar acts as an effective solution. Vyapar is GST compliant and allows error-free tax returns while eliminating errors occurred with manual calculations. Vyapar takes charge to control individual units of the business, creates customizable invoices, and automates payment reminders.

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