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With digital transformation at the core of India’s workforce today, modern technology has brought game-changing software solutions to the accounting world.
India's regulatory environment constantly evolves, bringing new accounting standards, financial reporting requirements, and compliance regulations. Cash flow management and the adoption of technology is another ongoing issue for businesses.
Despite the current challenges, setting up accounting software can refresh Indian business operations so leadership can address the digitization that will ultimately bring greater success.
Best for small business: TopNotepad
Best for mid-market businesses: Netsuite
Best for enterprise businesses: BlackLine
Best free software in India: Sage Intacct
Best by ease of use: Xero and Blackline
*These software solutions are ranked using an algorithm that calculates customer satisfaction and market presence based on reviews from our user community. For more information, please check out our G2 Research Scoring Methodology.
Businesses can spend less time creating financial records and more time improving overall business growth when they take advantage of accounting software. The most popular platforms are here:
*These are the leading accounting software solutions from G2’s Summer 2023 India Regional Grid® Report.
Ready to demystify your financial management processes and expand beyond Excel? Check out our list of the best accounting software in India for 2023 and find the right fit for your business.
G2’s Summer 2023 India Regional Grid® Report
Boost business agility and take financial management to the next level with the help of SAP ECC software. You and your company can use it for financial planning, tax management, quote-to-cash management, and budgeting and forecasting. With real-time, flexible reporting, the SAP ECC software integrates sustainability metrics and effectively manages risk.
Improve financial management with SAP ECC’s top features.
SAP hasn’t provided any pricing details for this product. Contact the sales team at their email address below to get a quote.
“I like using SAP with many other applications such as Excel, Smartsheet, and Salesforce. It is easy to use with its other parts like BI and SAP Cloud.”
- SAP ECC Review, Cesar N.
“The finance module of SAP seems a little bit downgraded. Oracle has an upper edge compared to SAP. SAP relies on codes instead of the software as a service model, which feels like a flow interruption.”
- SAP ECC Review, Kaustubh I.
SAP ECC’s head office is in Bengaluru, with offices in Mumbai, Kolkata, and New Delhi.
Address: 6th Floor, RMZ Ecoworld, 8A Campus,
Sarjapur-Marathahalli Outer Ring Road
Devarabeesanahalli
Bengaluru - 560 103
Phone: +91 80 6665 5555
Email: Contact support
Transform the general ledger, automate accounts payable, optimize accounts receivable, and organize tax management with NetSuite software. It provides real-time access to financial data, so resolving issues is easier and faster.
Automating the process improves efficiency and leaves you with time to focus on investigating anomalies, analyzing trends, and reviewing transactions. NetSuite is a great billing software that helps create multiple invoices, reducing the time taken during the billing process.
Produce accurate results and increase financial control with NetSuite’s efficient features.
NetSuite hasn’t provided the pricing details for this product. Contact the NetSuite team at the contact details provided below to get a quote based on current pricing.
“I love how many tools Netsuite has with reporting features. It's beneficial to be able to create customized reports. I've never used a platform like this before.”
- NetSuite Review, Kaitlyn G.
“Creating certain reports to generate can be cumbersome due to the filters, criteria, and just how demanding it can be. I also think some of the training and guidance are not very helpful when trying to learn some features. They seem to be very surface-level. So to figure out how to do things, you must rely on YouTube videos or Reddit forums to learn.“
- NetSuite Review, J S.
NetSuite has its office in Bengaluru, India.
Address:
Prestige Technology Park Venus Block 2C
#29 Kadabeesanahalli
Sarjapur Marathahalli Ring Road
Bengaluru, Karnataka, 560 103
Phone: +91-80-40296000
Meet all your financial and accounting management needs with TallyPrime software. Whether you’re working on invoicing, inventory, tax and compliance, payroll, reporting, or credit and cash flow management, TallyPrime gives you the best solutions for business needs.
With flexible purchase management, multiple billing formats, online payments, and multi-currency support, TallyPrime automates critical accounting functions to enhance capability.
Take a look at some prominent features TallyPrime, one of the best accounting software tools in India:
* The price is per month and billed annually.
“The new interface of TallyPrime is very user-friendly. The generated reports are better, and it's easier to customize them to our needs. Accounting has always been easy with Tally, and our company prefers only using this software. The support services are also outstanding, with the team assisting us with any issues. If they cannot assist immediately, they ensure that they call us back with a solution. Appreciate the team behind this software!”
- TallyPrime Review, Sarah T.
“If you are using Tally for some types of user control and report, you need to buy some add-ons from other vendors; this is the biggest issue I have faced with Tally.”
- TallyPrime Review, Kalpesh V.
TallyPrime is headquartered in Bengaluru and has offices in Mumbai, New Delhi, Tamil Nadu, and multiple cities across the country.
Address: AMR Tech Park II,
No.23 & 24,
Hongasandra, Hosur Main Road,
Bengaluru - 560068
Phone: 1800 309 8859
Email: support@tallysolutions.com
The Microsoft Dynamic 365 Business Central software features finance tools for analytics, AI-driven insights, and easy reporting. Integrating accounting software into your core business process amps up performance and stimulates financial results. Go beyond transactional management to protect revenue, mitigate risk, and reduce cost.
With all the standard functions of accounting software, Microsoft Dynamics 365 also offers several distinct features:
* All pricing plans are per user per month and billed annually. The price is converted at $81.75/USD.
“I enjoy the setup and how user-friendly the platform is. I also enjoy that it is tied into Microsoft Office, and if you need help, they are always there to assist with anything. Overall I would say that it’s a good platform to use, depending on the size of your company.”
- Microsoft Dynamic 365 Business Central, Amanda G.
“Complexity for customization and some niche industries may require specific features or modules that are not readily available. In such cases, additional customization or third-party integrations may be necessary.”
- Microsoft Dynamic 365 Business Central, Sergio G.
Microsoft has offices in Ahmedabad, Bengaluru, Chennai, Gurugram, Noida, Hyderabad, Kolkata, Mumbai, and Pune.
Address: TEC, Floor 7, Salarpuria Knowledge Octave Block,
Plot#2, Hi-Tech City,
Hyderabad – 500081, Telangana, India
Phone: 000-800-440-2008
Email: Connect with support
Sage Intacct software is a flexible and scalable accounting and finance platform that brings with it an array of accounting capabilities. Real-time reporting, built-in dashboards, expense management, revenue management, project accounting, and global consolidations will ease your accounting worries in no time.
The one-stop solution for all your accounting tasks, some of the best features that come with Sage Intacct are:
Sage Intacct hasn't provided the pricing details for this product. Contact the Sage Intacct team with their details below for a quote based on current pricing. Sage Intacct offers a free trial version.
“I love how easy it is to pick up from square one. Having been using QuickBooks before the change seemed daunting, but learning in under three months was straightforward. The site is clean and easy to read. They are constantly rolling out updates to make the user experience more enjoyable. I am quite pleased with how easy the check deposits and accounts payable invoices are.”
- Sage Intacct Review, Devon S.
“I find it tricky to figure out which report to pull to get my desired answers. And sometimes, when I want specific information in my report to make it easier to follow, including that particular information is not an option.”
- Sage Intacct Review, Amanda R.
Sage Intacct has offices in Mumbai, Gurgaon, Chennai, Bengaluru, Kolkata, and Pune.
Address: 301, 3rd Floor, B wing,
Everest Nivara Infotech Park,
MIDC Main Road,
Indiranagar, Turbhe,
Mumbai, Maharashtra – 400705
Phone: +1800-1024-951
+91-22-67687872
Email: sales@sagesoftware.co.in
One of India's most popular accounting software solutions, Zoho Books, is a comprehensive platform for your financial needs. Whether it’s bank reconciliation, project management, workflow automation, or GST compliance, Zoho Books won’t let you down. It meets organizational accounting needs, from deal negotiations to mundane tasks, and you can integrate it with Zoho’s 50+ applications.
Apart from the general accounting features, Zoho Books comes with:
*The price is per month and billed annually.
“The price of Zoho Books is very reasonable. But this is not one of those examples of only getting what you paid for. They have all the same functions and abilities as Quickbooks and other platforms. Plus, I think the layout and user interface are much easier to work with.”
- Zoho Books Review, Mark Z.
“Exporting transactions from the bank to Zoho Books. Sometimes a few transactions are missing while refreshing auto feeds from the bank.“
- Zoho Books Review, Ishwarya R.
Zoho Books is based out of Chennai.
Address: Zoho Corporation Private Limited
Estancia IT Park,
Plot No. 140 & 151, GST Road,
Vallancheri,
Chengalpattu District - 603 202, Chennai, India
Phone: 18001031123
Email: support.india@zohobooks.com
SAP Business ByDesign software helps manage mid-market or medium-sized businesses with a single cloud accounting solution to scale your business. It provides an end-to-end process that can quickly adapt to new opportunities and offer multi-user, real-time analytics to improve business efficiency.
SAP Business ByDesign solutions have many unique features to support your business needs:
*All pricing plans are per user per month and billed annually. The price is converted at $81.75/USD.
“SAP Business ByDesign Financials improve the lives of accounting clerks involved in accounts receivable and accounts payable by effectively monitoring cash and liquidity without difficulty.”
- SAP Business ByDesign Review, Edgar Ramon G.
“Some features are not available in standard and even if there is a provision to bring it in standard, it is tedious and time-driven.”
- SAP Business ByDesign Review, Sharayu T.
SAP has offices in Bengaluru, Mumbai, Kolkata, and New Delhi.
Address: 6th Floor, RMZ Ecoworld, 8A Campus,
Sarjapur-Marathahalli Outer Ring Road
Devarabeesanahalli
Bengaluru - 560 103
Phone: +91-80-66655771
Email: Contact support
One of the best accounting software in India, you can depend on Xero to create a methodized workflow and cultivate collaboration. Xero software helps automate admin and compliance tasks, leaving you and your team with time to focus on other offline tasks.
Here are some of the top features Xero offers:
* All pricing plans are per user per month and billed annually. The price is converted at $81.75/USD.
“Easy and simple to understand for people without an accounting background. Constantly updated to reflect changing needs of the users. A large number of apps and add-ons make the software more customizable.”
- Xero Review, James A.
What users dislike:
“Some of the reporting is lacking. For most users, this isn't a problem, but it is sometimes frustrating for a professional bookkeeper or accountant.”
- Xero Review, Rachel F.
No, but you can visit their contact page to learn more.
SAP Business One software helps you secure control over your small business, consolidate key processes, make decisions based on real-time data, gain insights, all in the name of propelling profitability. Sales orders, purchasing, and project management become easier with the assistance of SAP Business One.
SAP Business One software has several fresh features to support your accounting needs.
SAP hasn't provided any pricing details for this product. Contact the sales team at the email address below to get a quote.
“The best solution for small-to-midsize enterprises, with all the best standard practices required to get more efficiency in their day-to-day operations.”
- SAP Business One Review, Muhammad Muzammal J.
What users dislike:
“The downside that I see for smaller businesses is that to take full advantage of the various features, you will likely need to dedicate at least one-half of a full-time equivalent to support it.”
- SAP Business One Review, Bert H.
Find SAP in Bengaluru, Mumbai, Kolkata, and New Delhi.
Address: 6th Floor, RMZ Ecoworld, 8A Campus,
Sarjapur-Marathahalli Outer Ring Road
Devarabeesanahalli
Bengaluru - 560 103
Phone: +91-80-66655771
Email: Contact Support
BlackLine is a leading provider of cloud-based financial automation software. Their solutions help organizations transform their financial statements, enabling greater efficiency, accuracy, and control.
BlackLine believes in simplifying the accounting process with powerful features like:
BlackLine hasn't provided any pricing details for this product. Contact the sales team at their email address for a quote.
“Using BlackLine in our day-to-day accounting workflow has completely transformed our month-end close process. We have reconciled cash for our 50+ bank accounts through the matching system daily. Switching from performing bank reconciliations in Sage 100 to BlackLine has cut more than a week off our month-end close alone.”
- BlackLine Review, Joshua M.
What users dislike:
“I'd be happy if the online training showed more information about implementing Blackline as a system admin, like a step-by-step guide.”
- BlackLine Review, Jale D.
BlackLine has one of its offices in Bengaluru.
Address: WeWork Embassy Sunriver
Survey Nos. 10/2A 10/2B, 3rd floor,
Sunriver Building, off Intermediate Ring Road
EGL, Challaghatta, Domlur,
Bengaluru - 560071, India
Oracle EBS Financial software solutions make it easy to handle your accounting processes and operations. It offers a wide range of modules and features that enable efficient reporting and compliance. Oracle EBS Financials is widely used by medium to large enterprises across various industries, including manufacturing, retail, and healthcare.
Oracle EBS Financials increase efficiency with compelling features such as:
Oracle EBS financials hasn't provided any pricing details for this product. Contact the sales team at the email address below to get a quote.
“Covers the entire gamut of the finance function, including account payables, account receivables, general ledger, cash accounting, fixed assets, treasury, and AGIS.”
- Oracle EBS Financials Review, Aditya S.
What users dislike:
“A lack of flexibility in personalization. Compared to similar products, Oracle EBS is not as customizable.”
- Oracle EBS Financials Review, Vikram Singh C.
Oracle EBS Financials has multiple offices in India in Bengaluru, Delhi, Noida, Chennai, Pune, Mumbai, Hyderabad, Kolkata, and Trivandrum. The India HQ is located in Gurgaon.
Address:
Oracle (OFSS) BPO Services Limited
DLF Infinity Tower A, 3rd Floor
DLF Cyber City, Phase II
Gurgaon, 122 002
Haryana, India
Phone: +91 124 6788 000
Email: Contact details
Payment reminders, data entry, GST filing, balance sheets, GST returns, GST invoicing, income tax, ledger accounting – the list of accounting needs never ends, so choosing the best accounting software is key.
Multiple accounting tools and software are available, but the first step is figuring out what best suits your business needs to ensure data security and provide a seamless experience.
Start by evaluating your specific business requirements. Factor in the size of your business, industry-specific needs, the number of users, and future growth projections. Align the software with current business demands and the bandwidth to expand business in the future.
Which platform features are crucial to your business? Is the software GST-compliant? Does it support invoicing, expense tracking, financial reporting, and inventory management? Can you perform payroll processing and multi-currency support with it? Make a list of your must-have functions when deciding on software options.
Consider how user-friendly the accounting software is. A well-designed interface and navigation flattens the learning curve for you and your team. Look for software that offers a clean interface with clear instructions and minimal complexity.
Determine whether it can integrate with your current business tools and systems, such as customer relationship management (CRM) software, e-commerce platforms, payment gateways, or inventory management software. Integration assures smooth data flow across different systems, minimizing manual data entry and potential errors.
Think about both upfront costs and ongoing expenses. Compare pricing plans and determine whether the features and scalability justify the cost. Remember hidden fees, like charges for extra users, integrations, or support.
A. According to G2’s summer report, the top accounting platforms in India are SAP ECC, NetSuite, and TallyPrime.
A. QuickBooks was recently discontinued in India. From April 30th, 2023, QuickBooks products no longer support small businesses and accounting professionals across India. You can learn more about the notice here.
A. Sage, Xero, Zoho Books, and NetSuite. Depending on your needs, several different financial accounting software are available on the Indian market today.
A. Cost accounting, marginal accounting, and financial accounting. Each of these systems accomplishes different goals. Make sure you choose accounting tools that support your business goals, data security, and financial decisions.
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