Top 5 Business Accounting Software for SMEs

The technology +A manual accounting system becomes inefficient and complicated for SMEs with the growth of business. A business accounting software can automate their accounting processes, eliminating the need of using spreadsheets and handwritten ledgers. The software streamlines accounting functions like invoicing, income and expense tracking, financial report generation, and client and vendor management. To help you choose the right software, we have listed the top business accounting software for SMEs.

Tally

Tally helps in managing accounting, finance, inventory, sales, purchase, costing, job costing etc. along with the capabilities of handling statutory processes. It ensures up-to-date and accurate financial data, allowing you to fulfill any legal requirements immediately, be on top of your tax liabilities, manage payables and receivables and be aware of your financial health.

Marg Accounting

Marg is among the best business accounting software for SMEs, which helps in managing accounting and inventory functions of a business. It allows n no. of payment receipt entries, exercises strong control on customer’s credit limit and enables sales and purchase order management, rate management, order management, barcode management etc.

Zoho Books

Zoho Books is an online accounting software that helps in creating and sending invoices, tracking expenses, syncing bank accounts, generating reports and carrying on accounting transactions on smartphones. It can handle estimates, bills, customers, vendors, multiple currencies, projects and even users.

ProfitBooks

ProfitBooks is one of the top business accounting software for SMEs that creates invoices, tracks expenses and manages inventory easily. You can track your receivables, receive online payments, calculate tax, control stock, record purchases, create sales orders, maintain warehouse and do much more through ProfitBooks

Busy Accounting

Busy accounting software enables financial accounting, inventory management, generates bill of material, sales and purchase quotations, sales and purchase order processing, etc. It allows access of data on-the-go, integrates with barcode easily, maintains customers and manages bonus, loans and advances.

Business accounting software thus offers a variety of features and capabilities to help SMEs manage their finances. To choose the top business accounting software for you SME, you need to ensure that it can help you save time and eliminate errors by automating your accounting processes. It should be able to cater to your business needs and integrate with your existing systems.