While starting a business, online accounting software is one of the first applications that you need to get. Every business has got a specific need that determines the type of accounting software your business needs. The best accounting software helps to record payments create invoices, run reports, and many such aspects associated with the business. A small business that requires basic reporting capabilities and invoicing does great with cost-effective cloud-based accounting software.
A small business is the one that has the capability to use out-of-the-box software without the need for any excessive customization. However, it is difficult to find out the best online accounting software that can provide you with the best result. Hence, in this article, you will get to see the different features, benefits, and the top 5 online accounting software India that can help you to choose the best.
Key features of Online Accounting Softwares
Accounting software helps to decrease the time that is spent on data entry by allowing the users to sync their credit cards and bank accounts with the software. There are many features that each accounting software offers. But to opt for the best online accounting software India, you need to go through the below features.
- Automatic payment reminders
This is a great feature that enables a reminder for the customers regarding the payments that are due or the upcoming payments. Some accounting software has a sample email to be sent that can be customized. You can choose the right time when the reminders are to be sent.
Accounting software helps freelancers, consultants, and firms track the budgets and tasks of the project they have been working on. In order to get this feature, you may need to pay or subscribe to any top-tier plan.
The best software helps in suggesting the possible matches as the reconciliation of your accounts takes place. A smart reconciliation tool optimizes the work by identifying the possible matches between the invoices or the bills and the transactions of the bank.
- Online Invoicing
Sending invoices helps in emailing and accepting online payments faster. This is a plus feature for accounting software as it also serves as an invoice generator.
Benefits of associating Online Accounting Software with Small businesses
For the success of every business, managing the finances is very important. For this reason, choosing the best accounting software also becomes very essential. There are many benefits that accounting software provides to every small business. Some of them are mentioned below.
- It ensures the best practices
Tax plays a huge role in running a small business. So, the accounting software is designed in such a way that can calculate the tax, file taxes, and also prepare tax forms.
- It improves organization
Small businesses often face the difficulty of not having their finances in proper order. When you need important information like the last date of paying the tax bill or forecast for the next year, it will be difficult for you to get these because of the unorganized way. Here comes the accounting software. The small business accounting software India will help you to stay organized by storing all the information in one particular location and automating the accounting processes that take time.
- It is cost-effective
Due to the cloud-based offerings, the prices of accounting software have reduced immensely over the period of time. Nowadays, small business owners are left with many choices. The size of your business will determine the price of the accounting software you are ready to pay. Analyze if the software you choose can optimize your cash flow, identify the growth opportunities, and meet the obligations of tax. If your software allows these benefits, then putting up a heavy price for the accounting software is worth it.
Which is the best small business accounting software?
There are various small business accounting software that can help to boost your business. However, according to various researches, Easy GST is the #1 accounting software that you may opt for. It is easy to use and built in a way that can benefit a huge variety of users. It has got great extensibility and flexibility. Never go for expensive software thinking it may give a quality result. Always choose software depending on the requirements of your business. Here are the top 5 small businesses accounting software in India that can help you to choose the best depending on your business.
- QuickBooks (Best for SMBs): It is one of the best online accounting software due to its excessive extensibility and flexibility. It is designed in a specific way to help the users easy to handle it.
- Easy GST (Best for new entrants): This is the best online accounting software you must opt for as it makes invoicing easier with a simplified control. The easy features of this application helps the user to boost their business in a small amount of time.
- FreshBooks (Best for very small businesses): FreshBooks offers a great double-entry accounting experience which is responsible for supporting the expenses, invoices, projects, and also tracks time. This is the best online accounting software for freelancers and very small businesses.
- Zoho Books (Best for Mobile Access): This is one of the best choices if you are opting for small business accounting software because it offers great tools and an extraordinary user experience at an attractive price. Large businesses can also opt for Zoho Books.
- Xero (Best for Integrated Add-Ons): This software has got strong account reconciliation, purchase transactions, sales, project tracking, and data imports. It is an excellent choice for small businesses because of its recent improvements in the setup process.
Conclusion
Now you know the key features and the benefits that #1 accounting software will have. Easy GST has got a simplified control and hence makes it beneficial for all types of small businesses. You must always choose an accounting software based on the type of business you are acquiring. While evaluating the software, keep in mind the essential features that are mentioned above. Visit https://www.easy-gst.in/ which is the best small business accounting software India and grow your business to earn maximum profit.
Cloud Accounting Software - Easy GST 