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5 Best Accounting Softwares in India

A number of business accounting softwares are available in market these days but quite few of them satisfies the
customer’s needs in an easy way. A number of softwares has emerged in the past few years which makes the competition tough for market leaders like Tally.

Small businesses generally required entering of simple transactions and generation of basic reports. They are not required to have a complex ERP package. Their aim is to know their sale, purchase, cash balances and to complete their legal formalties.

We have compiled the list of most reputed and used accounting softwares used mainly in small and medium enterprises.

1. Tally

tally

No doubt Tally is the most famous and widely known accounting software in India for over two decades. Starting with the MS-DOS based edition tally has seen many changes and is now a complete ERP package in itself. Bundled with the VAT reports from all the states of India, the latest version is Tally ERP 9. Single user version is priced at Rs. 18,000 and multi user version is at Rs. 54,000, which is quite on the higher side and also rs. 3,500 per year if you want to get updates. You can also use remote desktop version in which you can access tally from a remote location but your server should be switched on for the whole time.

Being highly priced it is also the most pirated software in India. But a huge number of users of pirated version reports corruption of data, data mismatching and loss of data. We highly recommend to use only the licensed version of Tally.

2. Quickbook

quickbooks

Quickbook from Intuit is the most widely used accounting platform in the World. Quickbook launched its Indian version in 2012. Indian version is still available in online mode only. One important feature of quickbook is its ability to import data from a number of bank’s website and auto allocate it to the accounts.

Though quickbook is world leader in accounting software but its Indian version’s working is quite different from which the Indian accountants are used to be. Price of quickbook is rs. 8,999 per year which is also on the higher side.

3. Busy

busy
Busy is famous for its inventory features. It provides its software in three versions basic, standard and enterprise. Price exclusive of taxes are  rs. 7,200, 13,500 and 19,800 respectively for aforementioned versions.The company claims to have more than 6,00,000 users.

4. Decfill

decfill
Decfill is a new entrant in the field of online accounting application which is gaining popularity at a rapid pace. Its a very economical software when compared to other applications as its plan for one year is only Rs. 500 per company, 800 for two companies and 1200 for unlimited companies. Made for small businesses and service providers this software is a total value for money and fulfill all their basic requirements. If you don’t require advance features like multiple warehouses, multiple currencies, payroll etc then its definitely a good option for you.

5. Marg

marg
Marg accounting software is another famous accounting software in India. Although not widely used in general, its excellence in certain industries especially in pharma sector makes it a favourite in these sectors. Prices of package start from rs. 7,200.

There are more than 100 accounting software and web applications providing accounting services in India. If you have a good budget then you can go for Tally but if you are a small business not requiring advance features then you can go for Decfill.

A comparison of the above mentioned software is given to help you choose the right application for you and you can also read our article to know which is better Accounting Software or Online Accounting Application.

 Basis Tally Quickbooks Busy Decfill Marg
Deployment Offline* Online Offline Online Offline
Suitable for sectors Trader,
Service Provider & Manufacturer
Trader &
Service Provider
Trader,
Service Provider &
Manufacturer
Trader &
Service Provider
Trader,
Service Provider &
Manufacturer
Accounting Concepts Indian US/UK Indian Indian Indian
Pricing (Basic Version) 18,000+ (Unlimited companies) 8,999 per year per company 7,200+ (Unlimited companies) 500 for one company & 1200 for unlimited companies 7,200+(Unlimited companies)
Multi User Separate Version (Rs. 54000+) Available Separate Version (Rs. 33,750+) Available Separate Versions
Data Backup Manual Auto Manual Auto Manual
Inventory Management Available Available Available Available Available

*Online remote desktop version is available in Tally.
+ Pricing of basic version. Higher price plans are available.

2 comments

  1. Ayush Khandelwal

    I am using tally for my retail business of builder’s hardware. Few days back my tally data gets corrupted and ther is no data backup. Is there a way i can my data back. Also i am thinking for using online version of tally or other software now. which is best for my business?

    • Prateek Agarwal

      There is no way you can get back your tally data.
      Tally doesn’t provide any online version, in tally you can make a server and then remotely do accounting by connecting through internet. but the server should be switched on for this which is non practical for a small business.
      In online applications you can try for quickbooks, decfill or profitbooks. All of them provide a free trial of 14 or 30 days. So try and decide yourself which is best for you.

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