Online Accounting Software plays as an entry point for business automation in any business. If you take small and medium enterprises, they generally manage most of their business processes manually. There are various reasons for that. It may be due to lack of skilled people, not enough budgets, not gone to that stage or it can be for any other reason. But for them to file taxes is a mandatory thing. That is when they actually need a tool to manage their accounts. That is when they think about using accounting software to maintain their accounts. Mostly this accounting software will be a desktop version covering their basic needs like accounting and billing. This is how it used to be for more than a decade. But since 2010 this trend has slowly changed and companies have started looking at automation of business process at various levels. Here is a online accounting software list for your business
More importantly internet has been a game changer and has been influential in changing our regular habits. Things like train ticketing, bus ticketing, online shopping; hotel booking, food booking, what”™s app, Facebook etc. have become part of our daily life because of the internet. Internet has made things easier and accessible. The impact has come into accounting software as well. Now companies have started choosing Online Accounting Software over Desktop Accounting software. There are many product companies and project companies offering online accounting software in India. But as a customer it will be difficult to choose the right one. This article will help you with choosing the right online accounting software. Given below is the top online accounting software to watch out in 2015.
Reach Accountant:
Reach Accountant is in the business of providing Online Accounting Software for almost 10 years. What makes Reach Online Accounting Software different from others is that it is a ready-made product for small and medium businesses. It caters to assembly manufacturing companies, Job work manufacturing companies, Trade and distribution businesses like wholesaler and Dealers, Service businesses, Retail segment and Sales & Service business. This software has accounting management, billing management, tax management, inventory management, leads management, repair management, order management, Email management, Delivery management, point of sale and many more. In spite of having all these features it is very much affordable. Apart from that Reach also offers free mobile app for business owners, sales team and service team. This software is going to be the leading online accounting software in the SMEs segment.
Wave Accounting:
Wave Accounting is online accounting software which delivers what is promised. It covers all aspects of accounting. It can generate balance sheets, sales tax reports, invoices and payroll. It has features like Inventory Management, Multi Currency, Product Database, Project Management, HR & Payroll, Multi User login & Roll based access and tax management. If you are looking at only accounting then you can go for it.
Xero:
Xero is online accounting software which caters to small businesses in terms of accounting. It is easy to use online bookkeeping software. Even though it is easy to use, it covers only the accounting aspects of the business. Its features include connecting to the bank accounts and invoicing. But this online accounting software is not designed for the Indian businesses.
Quickbooks:
Quickbooks is one of the leading online accounting software outside India. It has features like Expense Handling, Invoice, multi-Location, online banking integration, email integration, quotation & Estimates. Even though it has lot of features the entire software is more into accounting aspects of business only. The main drawback of the software is does not have a strong inventory system.
Above mentioned will be the most wanted online accounting software in India in 2017.
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How to choose accounting software for small services based business?. suggest one which should be easy to move from existing software, best price and easy to learn and manage accounts.
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Accounting Software is Automatic document production in which fast and accurate invoices, credit notes, purchase orders, printing statements and payroll documents are all done automatically. The main advantage is that each transaction needs only to be inputted once, unlike a manual double entry system where two or three entries are required. The computerized ledger system is fully integrated.