List of 10 best of Accounting Software for Small Business
What Are the 10 Best Accounting Software for Small Businesses?
Choosing the right accounting software is crucial for small businesses. It helps maintain accurate financial records, stay compliant with GST and income tax regulations, and gain deep financial insights for growth. Below is a curated list of the 10 best accounting software options available for small businesses in India and globally, along with official links to explore features, pricing, and demos.
1. TallyPrime – A Complete Business Solution
TallyPrime is India’s most popular and widely used business accounting software. It offers GST compliance, inventory and payroll management, invoice generation, and powerful financial reports. It’s ideal for small to medium enterprises (SMEs), traders, manufacturers, and service providers.
Pro Tip: Make bulk import easier with our Free Excel to Tally XML Converter—generate Tally-compatible XML files from Excel in seconds.
2. Zoho Books – Cloud-Based and GST‑Ready
Zoho Books is a powerful cloud accounting tool, offering GST-ready invoicing, automated workflows, bank reconciliation, and return filing. It’s best for tech-savvy small businesses looking for mobility and integration with other Zoho apps.
Official Zoho Books Website (India)
3. QuickBooks Online – Global Brand with Local Support
QuickBooks Online is globally known for its intuitive interface, powerful financial tracking, and integrations. While Indian services have been discontinued, global users still access it for international accounting, especially with USD billing or freelancing.
4. BUSY Accounting – Made for Indian SMEs
BUSY Accounting Software is a GST-ready solution perfect for billing, inventory control, and account management. It’s designed specifically for Indian SMEs and offers multi-location inventory, barcode management, and more.
5. Marg ERP – Specialized for Retail and Pharma
Marg ERP is tailor-made for businesses in retail, pharma, and FMCG. It offers billing, stock management, purchase planning, and GST invoicing. It supports e-invoicing and e-way billing, making it ideal for distribution businesses.
6. Wave – Free Cloud Accounting
Wave offers 100% free invoicing, expense tracking, receipt scanning, and basic reporting. It’s best for freelancers, solopreneurs, and micro-businesses. However, support and some features may be limited outside North America.
7. Xero – Cloud-Based and Scalable
Xero is a globally respected, cloud-based accounting solution offering real-time collaboration, customizable reports, and over 800+ third-party integrations. Ideal for growing businesses that need more than basic bookkeeping.
8. Vyapar – Simplified for Indian Retailers
Vyapar is an Android-based billing and accounting app made for Indian shopkeepers and SMEs. It handles GST billing, inventory, payment reminders, and barcode scanning with a mobile-first approach.
9. FreshBooks – Best for Service-Based Businesses
FreshBooks is designed for freelancers, agencies, and service professionals. It supports time tracking, client communication, estimates, invoicing, and online payments—all in a beautiful UI.
10. Giddh – Modern Accounting with API Access
Giddh is a cloud-based Indian accounting software offering API support, real-time ledger sharing, multi-user access, and advanced reporting. It’s great for businesses that prefer automation and digital integrations.
How to Choose the Best Accounting Software?
Consider these factors when choosing the right software for your business:
- GST and Tax Compliance
- Cloud Access and Mobile App Availability
- Ease of Use and User Interface
- Scalability for Business Growth
- Pricing and Support
If you are migrating from Excel or combining multiple software tools, our Free Excel to Tally XML Converter helps you streamline data directly into Tally Prime, ERP 9, or earlier versions—no manual entry needed.
Why Link Excel to Tally Using Automation?
Most businesses use Excel to record data like invoices, ledgers, and bank statements. Manually entering these into Tally is time-consuming and prone to errors. With our free online utility, convert your Excel sheet into Tally-compatible XML instantly, saving time and ensuring accuracy.
Try Free Excel to Tally XML Converter
Final Thoughts
The best accounting software for your business depends on your size, industry, and compliance needs. Whether you choose a free tool like Wave or a comprehensive suite like TallyPrime or Zoho Books, make sure it fits your workflow. For those already using Excel, integrate automation using our Excel to Tally XML tool and simplify your accounting journey.