If you have an established business or you are just starting with a business, accounting is an important field. The small business sector is growing in today’s time and so are the revenues and profits along with the taxation policy changes by the government. It is not always easy to hire professionals or buy expensive accounting software, so to solve this, some portals provide accounting softwares for small businesses.
These softwares also help in calculating the tax payable by the business owner and help keep a note on the debit amount to be paid to suppliers and the credit amount to be received by customers. These softwares are available as a desktop version or an app can be downloaded on the phone.
Here are some known and useful accounting apps for small businesses
Marg is accounting software which has features like ledger maintenance, cash flow control and, balance sheet preparation. Marg is also GST compliant and helps you with any GST related accounting.
It is a popular software for small businesses and easy to use. The software is completely free and it helps you to create invoices for different vendors and suppliers. It also lets you map your bank account to your ZipBooks account to do your tasks.
3. Money Manager Ex
If your business has just started and you are new to accounting, this software is the right option. This software is available online for installation or the app can be downloaded and used.
This software is mainly used for inventory management and provides features like unlimited invoices, unlimited sales orders, and accepting payments online. The advance option also has a Live Chat feature.
A new version of this software has been introduced for Indians. The features include GST compliant invoices, GST reports, P&L Statements, and also balance sheet. It has a 30 day free trial with a yearly subscription. It also comes with a free training and support feature.
6. Tally ERP 9
This is the most used software. The basic version is free of cost and can easily be upgraded with any package. Application for this software is not available, only a desktop version is available.
7. Vyapar (Accounting and Invoicing)
Vyapar is easy to use, and a GST compliant accounting and invoicing software for small businesses. It is also useful for Inventory Management and generating reports for the business. This software can also work without the internet.
8. Zoho Books
Zoho is cloud-based accounting software and can be accessed anywhere, anytime through any device. Features include contract management, invoices, expenses, sales and purchases orders, project time tracking and inventory management. It is also GST compliant to issue invoices. Available for both desktop version and application download.
9. HDPOS (Smart Billing, Accounting and Inventory Software)
HDPOS covers all features like managing books of accounts, billing, inventory management, and Customer Relationship Management. HDPOS can be installed on the desktop and has a user-friendly application for smartphone users.
10. Easy GST
This software can be used to make the process of billing and invoicing simpler. it also helps in keeping a track on bills, expenses, payroll of the employees, and amount to be received by the creditors. One more feature is asset management, which helps during the depreciation of machinery without any error. The software can be installed on the desktop and has an application for smartphone users.
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