--- description: This article will look at the 4 top-rated accounting software that Indian SMEs can use to manage their financial records and meet other accounting needs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress title: 4 Best accounting software in India for SMEs --- # 4 Best accounting software in India for SMEs Canonical: https://www.capterra.in/blog/3622/accounting-software-india Published on 26/4/2023 | Written by Sukanya Awasthi. ![4 Best accounting software in India for SMEs](https://images.ctfassets.net/63bmaubptoky/5hQubeEMIuYHTrza8SWeuk/006378c33954fb55fee7efcd65d91301/Accounting_software_in_India-IN-CA-Header.PNG) > In this article, we’ve compiled a list of the four highest-rated accounting software in India for small and midsized enterprises (SMEs), along with their key features. ----- ## Article Content In this article, we’ve compiled a list of the four highest-rated accounting software in India for small and midsized enterprises (SMEs), along with their key features.In this article1. myBillBook2. TallyPrime3. Tulsi4. VyaparWith the rise of technological advancement across various industries and organisations, most routine and tedious manual tasks have also possibly become automated and digital. The same may have been witnessed in the area of accounting. Businesses may increasingly be looking to adopt software which can help them manage their accounting needs in one place and help them streamline their financial records.What is accounting software?Accounting software is used by businesses to manage day-to-day transactions, account balances and more. Accounting software usually comes with features like billing and invoicing, ledger management, financial reports generation, payroll management etc. Various types of accounting software are available in the market, and companies can pick the one that best meets their business needs. This article will look at the four best accounting software in India which businesses can use to manage their financial assets and records. We have chosen the software listed in this article based on the following factors. The complete methodology can be found at the bottom of the article:Have an overall rating of at least 4.5/5 stars by users in the last yearHave at least 10 user reviews between April 2022 and April 2023Meet the market definition of accounting softwareAre headquartered in India and listed in alphabetical order1. myBillBook Users can view transaction details and sales reports in myBillBook’s dashboard \[Source: Capterra\]Overall: 4.6/5Ease of Use: 4.8/5Customer Service: 4.6/5Features: 4.5/5Value for Money: 4.6/5 myBillBook is an accounting and bookkeeping software that can help businesses manage finances. MyBillBook accounting software assists in managing accounts payable and receivable, sending payment reminders, and keeping track of sales. myBillBook can also help businesses monitor their ongoing budgets and spending and keep track of cash and bank ledgers, sales/purchase ledgers and party-wise ledgers. Moreover, the software provides more than 20 accounting reports, which can aid businesses in the development of corporate strategies and a better understanding of their business. This accounting software can help companies to streamlines the process of balancing accounts and creating financial records that may be used to submit GST or income tax returns. With the help of myBillBook, businesses can send automated payment reminders to users. The software can also send Whatsapp notifications for payment reminders and balances. More information on the additional features and pricing can be found on their website. Visit Website 2. TallyPrime Users can view particulars of the stock along with the quantity, rate, and value alongside \[Source: Capterra\]Overall: 4.3/5Ease of Use: 4.3/5Customer Service: 4.0/5Features: 4.3/5Value for Money: 4.2/5TallyPrime offers accounting, billing and inventory solutions to businesses. The software allows businesses to manage their finances and accounts, which includes banking, cash flow management, budgeting etc. The accounting module offers a dashboard for tracking business ratios and supports operations like reminder letters, entry management, and bank reconciliation. The tool has an MIS reporting module that monitors cash flow, helping businesses decide on credit limitations and capital investments. The software allows businesses to manage multiple users or companies and add features such as cost centres,  multi-currency, order processes, etc. In addition, the software allows businesses to create and view multiple reports, giving them insights into their past and present financial performance, thereby helping them make more informed business decisions. Apart from this, TallyPrime also offers access control and security, allowing businesses to keep a check on unauthorised access to their financial data. To avoid the need for repetitive data entry in the invoice, users can pre-set the information, such as duty ledgers and additional ledgers to the system. Additionally, users can also enter post-dated transactions using the post-dated register. More information on TallyPrime’s additional features and pricing can be found on its website. Read More 3. TulsiUsing Tulsi, users can create purchase contracts and view associated details. \[Source: Capterra\]Overall: 5.0/5Ease of Use: 5.0/5Customer Service: 5.0/5Features: 5.0/5Value for Money: 5.0/5 Tulsi is an accounting and inventory management software that can also help companies manage operations. With Tulsi account management features, users can create invoices and  track invoice status. The software comes with the option of expense management, wherein businesses can manage receipts and manage their other expenses. Moreover, users can also create expense reports to get insights into their spending. Using Tulsi, users can connect their bank accounts in order to reconcile their transactions automatically. Additionally, users can create real-time customisable financial reports to get a view of cash-flow statements, balance sheets, and profit/loss statements. Users can use the software to manage cashflows by managing accounts, payables and receivables. More information on additional features and pricing can be found on their website.Read More4. Vyapar Users can create Tax invoices using Vyapar and select a theme for their GST report. \[Source: Capterra\]Overall: 4.4/5Ease of Use: 4.5/5Customer Service: 4.2/5Features: 4.3/5Value for Money: 4.5/5 Vyapar is an accounting and point-of-sale software that can help companies with business management. Using Vyapar, businesses can keep track of their financial transactions and expenses. Users can manage accounts payable and accounts receivable, including payments, invoices, bills etc. Users can also generate financial reports giving them insights into their transactions and other financial assets and helping them adjust their business according to the available cash flow. Using Vyapar, businesses can collect timely payments by helping businesses track their pending and due payments in the Vyapar business dashboard.Moreover, businesses can also file GST through the software and create automated GST reports. Vyapar allows businesses to create estimations and quotations which can be sent to customers via SMS, emails etc. Apart from this, businesses can also quickly add, manage, and track online and offline payments from the tool. Some additional features offered by Vyapar are automatic data backup, expense tracking and recording, and bulk payment reminder, among others. More information on features and pricing can be found on their website. Read More Looking for accounting software? Check out our catalogue\! ## Disclaimer > MethodologyTo select the tools for this list, we identified the highest-rated accounting software, which are headquartered in India.The shortlisted products were then assessed against the market definition of accounting software: accounting software automates an organisation's financial functions and transactions with modules including accounts payable, accounts receivable, payroll, billing and general ledger. Integration of Accounting apps allows for comprehensive, real-time, and on-demand analysis of an organisation's financial status. Toolsets within accounting systems can often be customised to the specific needs of an organisation. Accounting software is related to Audit, Billing and Invoicing, Compliance, and Financial Reporting software. Capterra helps you choose among different types of accounting software. Find below the list of the best accounting software in India for your organisation.All the above software have the following core features: accounts payable, accounts receivable, bank reconciliation, financial reporting, and general ledger.Besides that, the tools were further checked against the following criteria:  average overall ratings above 4.5/5 stars, minimum of 10 user reviews over the past year (April 2022 – April 2023), and tools having their headquarters in India. Out of our resultant list, we selected the top four tools with the highest rating and listed them in alphabetical order. ## About the author ### Sukanya Awasthi Sukanya Awasthi is a content analyst for Capterra, covering emerging technology trends with a focus on retail, construction and ERP. With an educational background in Computer Science, she brings 8 years of hands-on experience to her writing, translating intricate technical concepts into accessible and informative insights. Sukanya’s research and analysis is informed by nearly 200,000 authentic user reviews on Capterra and over 40,000 interactions between Capterra software advisors and software buyers. Sukanya also regularly analyzes market sentiment by conducting surveys of business leaders in the construction space, as well as retail leaders and consumers, so she can provide the most up-to-date and helpful information to small and midsize businesses purchasing software or services. Her work has been featured in Financial Express, Economic Times, and Bloomberg Quint, among other publications. Outside of work, she likes to spend time with her loved ones and her two dogs. ## Related Software - [myBillBook](https://www.capterra.in/software/202732/flobooks) — 4.4/5 (48 reviews) - [TallyPrime](https://www.capterra.in/software/127762/tally-erp-9) — 4.4/5 (225 reviews) - [Vyapar](https://www.capterra.in/software/180579/vyapar) — 4.3/5 (181 reviews) ## Related Categories - [Accounting Software](https://www.capterra.in/directory/1/accounting/software) - [Billing and Invoicing Software](https://www.capterra.in/directory/30015/billing-and-invoicing/software) - [CRM Software](https://www.capterra.in/directory/2/customer-relationship-management/software) - [Project Management Software](https://www.capterra.in/directory/30002/project-management/software) - [Task Management Software](https://www.capterra.in/directory/10030/task-management/software) ## Related Articles - [4 best CRM software in India for SMEs](https://www.capterra.in/blog/3665/best-crm-software-india) - [5 best-rated help desk software in India](https://www.capterra.in/blog/4530/help-desk-software-india) - [Capterra’s Proprietary Data & Research Methodologies](https://www.capterra.in/blog/7607/proprietary-data-research-in) - [Nearly 8 in 10 respondents say digitalisation is very important for their company’s growth](https://www.capterra.in/blog/4103/digitalisation-of-indian-smes) - [Capterra’s “Best of” Badge Program Methodologies](https://www.capterra.in/blog/7640/best-of-badges-methodologies-india) ## Links - [View on Capterra](https://www.capterra.in/blog/3622/accounting-software-india) - [Blog](https://www.capterra.in/blog) - [Home](https://www.capterra.in/) ----- ## Structured Data