The success of any project depends largely on the scenario where one has to comply with all the required constraints to achieve the desired objectives in the best possible manner. This requires proper management of the project in a way such that the initiating, planning, organizing, directing and controlling goes as per the strategies. In this age of trends where transparency of each and every transaction is of utmost importance, every business unit is required to opt out for secure and genuine software to look out the operative expenses and incomes periodically.
One needs to look out for the perfect GST accounting software that can assist the organisation to compete and drive growth in the digital economy phase. Innovative softwares are being introduced in the market almost every second day but to opt out for the best is what it takes to be called a perfect businessman. Technological environment in one’s form or a company paves the way for its brand image and reputation in a particular industry or sector. Irrespective of the fact that whether you are heading a small scale unit or a large scale empire, getting the best in the east is the ultimate goal of any business house per se.
Let’s have a look at some of the effective small business accounting softwares ruling the corporate sector at this time because of their simplicity, flexibility and secured online systems.
List of Best Small Business Accounting Software
Myentry Accounting Software
Myentry accounting software enables its users to satisfy their requirements in the most suitable manner. This software provides an efficient and economical way out for all the operational acivities in any form of organisation. The software remains up to date and comply with all the current amendments the latest being the Goods and Service Tax. Myentry software aids in eliminating duplication of entries and assists in maintain proper clients records. The software is available online as well as offline so that the users and clients can access and manage their data and accounts at any point of time. Myentry accounting software for business is embedded with the latest cloud based technology, as a reason of which it is being accepted by a number of business units now days.
Tally ERP 9 Accounting Software
Tally ERP 9 has created a dramatic change in the accounting software industry since its discovery, a few years back. It is the most widely accepted accounting software by a number of CAs and accountants. The simplicity and flexibility of this particular software is the reason behind its acceptance in the corporate sector. It enables its users to maintain a feasible taxation database together with providing customization of settings with great ease. It organises business transactions in a chronological order and costs INR 15000 for a single user use.
Odoo Accounting Software
A significant accounting software named as Odoo is making headlines in the business world with its unique features and popularity. Known to be used by big corporate ventures such as Toyota, Odoo is an all in one accounting and management software with a free trial service.
Consistent improvements in the application and procedures help its users to make the best possible use of this software. The software is relatively faster and flexible with a number of alterations available per se.
From Employee Resource Planning to Customer Relationship management, Odoo triggers the managerial aspects together with the providing a brilliant platform when it comes to accounting software. The company launched this software in February 2005 and after 12 years it is equipped with a strong customer base of more than a million.
Cravelnvoice Accounting Software
Cravelnvoice is a complete accounting software for small to medium size business. It includes all necessary features including inventory, invoicing and accounting management. Its starter subscription price is INR 600.
It provides a number of features such as POS Invoicing, Tax Management and multi user login together with role based access.
As far as the specifications of this very accounting software are concerned, it exhibits deployment, payment, API, customization and mobile & language support system. The company which designed this particular software is named as Reflection Software Solutions Private Limited, head office of which is located in Aurangabad.
Metasfresh Accounting Software
Metasfresh is a corporate software product that allows flexible customisation of your requirements even without changing the code word. It is known for its online webinars and online training programs which aids its users in processing their data with great ease. The ERP software can be managed simultaneously with the use of Metasfresh accounting software.
MProfit for Accounting Software
MProfit is one of the best portfolio management and accounting management software for investors, traders, advisors, corporates, family offices and CAs to manage your stocks, MFs & other assets. It is budget friendly software and offers the initial package for free to the customers. Consequently the company charges only INR 3000 per year.
But regardless of its low cost, the software is able to handle large number of investment details and provide periodical reports on the same with accurate facts and figures. Bonus and Loan Advancement Management is also handled by MProfit together with an effective customer support back up facility available for its users and clients.
Fraxinus Books ERP Accounting Software
Fraxinus is an integrated Advanced GST Ready Billing, Accounting and Stock Management Software for Small Business to Large Enterprises that can be operated from (Online or Offline) Desktop Computers and Mobile Application.
The standard version of this software is priced as INR 12000.
Some of the features of this special accounting software include Multi Branch Management, Auto SMS alerts, Bar Code Management, reports and graphs for the analysis of business etc. The software provides a web based reporting with multi company connectivity at a particular point of time. Quotations and Estimates can easily be recorded with the help of readily available settings on the dashboard.
Xero Accounting Software
A further intensified example of accounting software is Xero. This particular tool is regarded as one of the finest choices in the field of handling transactions because of its Mac User Interface. It provides unique services such as integrated payroll module, expense claims dashboard, bank reconciliation and so on. The software website provides for free trial for the very first month, Thereafter the service terms are agreed upon by the user by paying a minimal amount on a per month basis. The Mac module feature in this software is really a new buzz in the corporate sector of both small and large scale industries.
Freshbooks Accounting Software
Freshbooks has become a top choice for a large number of business units in the recent times. It encompasses a number of qualities ranging from an easy access to the software anywhere round the globe to tax management services at its best. The software is equipped with a time tracking and an expense management system which enables its users to quantify the amount of work to be done and the one which has been completed. As far as the TPS .i.e. that the transaction processing system is concerned this particular software provides and maintains a clear cut description of the transaction to the client and in the system respectively. Another special feature is this software is the cloud invoicing technique which eables its users to operate their transaction from anywhere in the best possible way.
The Grievance Redressal Cell of Freshbooks is really a matter of pride for the management as, over the years the management is credited with a number of positive responses from round the globe by its reputed clients and users.
Zoho Books Accounting Software
Talking about the best accounting softwares for business, one cannot ignore the mention of Zoho Books. There are a number of reasons to support this notion. To begin with, Zoho Books is said to have an online collaboration system, inventory management system and a number of workflow units. Another aspect of this software to look out for is an active customer support system. The main feature of this customer support system lies in the fact that each one of its user is able to get his/her problem resolved without a single penny. As far as the cost structure is concerned the software costs only $9 initially in the first month and thereafter the payment can be made either monthly or annually.
SAP Financials Accounting Software
SAP ERP Financials provides a comprehensive financial management solution for the most complex businesses across a broad range of industries. It is a solution for addressing critical financial functions, such as core accounting, financial and management reporting, working capital management, performance management and regulatory compliance. The user interface dashboard offers a wide range of settings which allows the user to alter the software as per their needs and requirements.
Tax management is the prime reason for the acceptance and use of this accounting and management software. It automatically reviews the invoices and calculates the tax accordingly related to a particular period.
Quick Books Online Accounting Software
Quick Books Online has become the best choice for a large number of corporate sector units in the recent times. There are ample reasons to prove this statement. To begin with, one can go through its user friendly interface which is one of the primary features because of which it is now being used by more than 2 million users. The cloud based accounting software is apt both for the experienced accountants and the beginners. Another impressive feature of this particular software is that it has the ability to automatically cater to the requirements of sunning the transactions effectively. The software also provides a guidance cell the management staff of which is ever ready to serve its clients and users.
GnuCash Accounting Software
Licensed under the GNU GPL, GnuCash is effective financial accounting software which enables its users to maintain double entry accounting, import export transaction matching, reporting, graphing etc. The software is designed with a very easy user interface and a handy dashboard ready to tackle almost all the problems arising in the routine operations of small scale businesses. This particular software aids in tracking bank accounts, stocks, income and expenses simultaneously. It is based on professional accounting software principles to ensure balanced books and accurate reports per se.
Gnu Cash offers its services on its official app as well. The app is very easily available on the Android and the clients and users of this very software can use it as per their requirements and fore deals.
Reach Accountant GST Software
Placed at the top spot in the list best updated accounting softwares for all the business units, Reach Accountant Software is one of the best corporate softwares these days. The software is equipped with a strong security system together with an easy data retrieval system. The software comes with an installed customized option as a reason of which no anti-virus is required for making the transactions secure. The initial package can be availed at a very nominal fee.
Reach Stand Alone GST Filing Accounting Software
Be it the creation of invoices in no time, client’s tax filing process or the reconciliation procedure; Reach Stand Alone cloud based accounting software is a one stop destination for fulfilling all your business requirements. The newly introduced GST which many business units are finding hard to do with can be dealt with great ease if you are using this very software. It is known to provide guidance in a chronological order to its users and clients in a number of vernacular languages. The cost structure is also reasonable as it charges just INR 100 initially for the tax filing process.
Manager Accounting Software
Another brilliant example of ultimate simplicity and sophistication is the use of Manager accounting software. This software uses cloud technology as a reason of which the users of this software can work from any corner of the world at any point of time. There is a unique login id for each of its user and client and the data is automatically saved and backed up.
The user is very easy and intuitive as a reason of which the professional team customizes the software instantly without any configurations and technical bits. Even the person who is a non- accountant, would be able to handle this software with great ease and effectiveness. One can simply track the record of expenses and incomes pertaining to a particular period.
Clear Tax Accounting Software
Another magnificent software known for providing sumptuous fore deals in the corporate sector since a pretty long time is the Clear Tax accounting software. Clear Tax software is equipped with a an anti- duplication system promising absolute accuracy in its operations. It is an easy accounting software as it allows a convenient integration with other accounting softwares as well. Integration with other accounting softwares including Tally and SAP can be exercised with cent per cent accuracy. The recent introduction in the taxation system with respect to Goods and Service Tax has been equipped within this software as well.
Deltek Cost point Accounting Software
Costpoint offers government contractors unparalleled project management, accounting, labour, reporting and compliance features so you get the exact capability you need to increase efficiency and improve profitability. It was built specifically for government contractors who are into large business units and has been adopted by thousands of government contractors and earned the trust of federal agencies and their auditors. This accounting software protects the quotations and payment details of a large number of vendors and clients through its effective security system. The customer support system is also worth appreciating as most of its users have praised the professional services of this accounting software.
Arithmo Accounting Software
Arithmo is one of the leading accounting softwares in the current times due to its ability to calculate the invoices and tax liability automatically. It is more popularly known to be a big helping hand for the small businesses in particular. It is very well known for expense tracking and managing the business bank accounts effectively.
It assists the management in preparing the bank reconciliation statement and provides facilities of easily back up of various accounts.
The above mentioned softwares assure its clients to provide sumptuous fore deals in their business in the long run. These softwares provide a flexible dashboard through which the users are able to make changes and alterations as per their customization needs. The initial software packages come with a very nominal fee. It is believed that each of these softwares can be given a try and the selection can be made accordingly.