What is the best online GST accounting software for chartered accountants and tax consultants in India?

What is the best online GST accounting software for chartered accountants and tax consultants in India?

An online accounting software or a cloud based software is a right type of software in this era as the requirements of the modern business management has comes to a position here you require a cloud based management to meet all the demands.

A cloud based accounting software provides easy access from anywhere and helps in easily managing accounts in a neat form without messy bookkeeping or the traditional method.

In terms of best cloud GST accounting software Reach accountant is one of the most useful software. It is easily customizable, has powerful features and manages your business in the smartest way possible.

How does it work?

It takes care of both the sides i.e clients and firm.

Client:

Daily

  • Pay bills
  • Record sales

As needed

  • Submit payroll information

Monthly

  • Submit bank statements

  • Submit credit card reports

 

Firm:

  • Prepare payroll

  • Prepare financial statements

  • File payroll tax returns

  • Tax planning performed

  • File annual business returns

 

When does your business require a cloud accounting software?

  • When you have clients from different locations
  • When you want to increase your monthly cash flow by offering accounting services remotely
  • When you have to store all your data safely with maximum security and when you require anti-virus, safety against unauthorized access

 

 

Reach accounting software for accountants

  • If you are running a tax consultancy with an urge to expand your clientele to other geographies
  • You can connect with your clients easily to your office unlike tally
  • Reach solves problems by providing next generation cloud based software which connects with your client and you over the cloud platform
  • And gives you more features than tally that has more usability changes

 

How can you earn more with Reach?

 

Currently With Reach
No. of clients each accountant can manage 10 25
Average revenue for Accounting Services/ client for a year 24000 24000
Total Revenues 240000 600000
Less:
Salary to Employee 120000 120000
Current cost of Travelling to the client office every year for preparing Accounts 36000
Cost of buying Reach Accountant 6000
REVENUE PER EMPLOYEE 84000 474000
INCREMENTAL REVENUE / EMPLOYEE BY USING REACH 390000

DESKTOP SOFTWARE  (COMPARISON)

Initial investment

 

Tally Busy Marg Reach
Product Name Tally Silver Busy Enterprise Edition General Trade – Single User Reach Books V.2
Price for one computer 18000 18000 9999 3000
Anti-Virus Protection (Single Computer ) 600 600 600 Free
Dos to Windows Conversion windows based windows based 4000 windows based
TOTAL COST 18600 18600 10599 3000

Annual cost

 

Tally Busy Marg Reach
Product Name Tally Silver Busy Enterprise Edition General Trade – Single User Reach Books V.2
AMC, Renewals 3600 3600 1999.8 3000
Version Upgrades 18000 18000 9999 Free
Anti-Virus Renewal 600 600 600 Free
TOTAL COST 22200 22200 12598.8 3000

Accessibility

 

Tally Busy Marg Reach
Product Name Tally Silver Busy Enterprise Edition General Trade – Single User Reach Books V.2
No. of Locations you can access from Only the installed computer Only the installed computer Only the installed computer Any computer with Internet
No. of users who can access at the same time 1 1 1 Unlimited
No. of Companies you can create Unlimited Unlimited Rs. 3000/- per extra co Unlimited
User based restriction on which companies they can work on Not possible Not possible Not possible possible
Devices you can use to access Computer only Computer only Computer only Computer, Tab, Smart Phone

Features

 

Tally Busy Marg Reach
Product Name Tally Silver Busy Enterprise Edition General Trade – Single User Reach Books V.2
CRM Not Available Not Available Not Available Available
Freeze Entries by Owner Not Available Not Available Not Available Available
Payroll Not Available Available Not Available Available
Automatic backup every 3 hours to protect Hard disk crash Not Available Not Available Not Available Available
Data Recovery in case of Crash Available Not Available Not Available Available

OTHER CLOUD (ONLINE) SOFTWARE

Initial investment

 

Tally Quickbooks Profitbooks Reach
Product Name Tally Gold Quickbooks.in SMB Plan Reach Books V.2
Price for one computer 54000 8999 8999 3000
Cost of a Dell PowerEdge T420 tower server 47960 Free Free Free
Price of LAN and Network Cabling for 10 computers (Unless already there) 35000 Not Needed Not Needed Not Needed
Anti-Virus Protection (Multi Computer Norton. 5 units is 2K) 4000 Free Free Free
TOTAL COST 140960 8999 8999 3000

Annual cost

 

Tally Quickbooks Profitbooks Reach
Product Name Tally Gold Quickbooks.in SMB Plan Reach Books V.2
AMC, Renewals 10800 8999 8999 3000
Version Upgrades 10800 Free Free Free
Anti-Virus Renewal 4000 Not needed Not needed Free
Support of Network Engineers for LAN related issues 6000 Not needed Not needed Not needed
TOTAL COST 46485 29884 29884 3000

Accessibility

 

Tally Quickbooks Profitbooks Reach
Product Name Tally Gold Quickbooks.in SMB Plan Reach Books V.2
No. of Locations you can access from Only within the office Any computer with Internet Any computer with Internet Any computer with Internet
No. of users who can access at the same time < 10 7 10 Unlimited
No. of users who can work on the same window at a time 1 Unlimited Unlimited Unlimited
No. of Companies you can create Unlimited 1 1 1
Devices you can use to access Computer only Computer, Tab, Smart Phone Computer, Tab, Smart Phone Computer, Tab, Smart Phone
User based restriction on which companies they can work on Possible Not Possible Not Possible Possible

Features

 

Tally Quickbooks Profitbooks Reach
Product Name Tally Gold Quickbooks.in SMB Plan Reach Books V.2
CRM Not Available Not Available Not Available Available
Sales Team Management (Like Salesforce with Mobile App for executives) Not Available Not Available Not Available Available
Freeze Entries by Owner Not Available Not Available Not Available Available
Payroll Available Available Available Not Available
Project Management Module Not Available Not Available Not Available Available for additional cost
Manufacturing Module Not Available Not Available Not Available Available for additional cost
Repair Management Module Not Available Not Available Not Available Available for additional cost
Quality control Not Available Not Available Not Available Available for additional cost
Automatic Workflow Not Available Not Available Not Available Available
Automatic back up every 3 hours to protect Hard disk crash Not Available Available Available Available
Customise additional reports and templates Not Available Not Available Not Available Available

More information

Why should you Reach rather than buying your own software?

 

Tally Quickbooks Profitbooks Reach
Product Name Tally Gold Quickbooks.in SMB Plan Reach Books V.2
CRM Not Available Not Available Not Available Available
Sales Team Management (Like Salesforce with Mobile App for executives) Not Available Not Available Not Available Available
Freeze Entries by Owner Not Available Not Available Not Available Available
Payroll Available Available Available Not Available
Project Management Module Not Available Not Available Not Available Available for additional cost
Manufacturing Module Not Available Not Available Not Available Available for additional cost
Repair Management Module Not Available Not Available Not Available Available for additional cost
Quality control Not Available Not Available Not Available Available for additional cost
Automatic Workflow Not Available Not Available Not Available Available
Automatic back up every 3 hours to protect Hard disk crash Not Available Available Available Available
Customise additional reports and templates Not Available Not Available Not Available Available

Data safety

  • Access level restrictions can be set as menu for restriction level is provided
  • Software shoots OTP every time your employee accesses it from outside office
  • All your data can be automatically emailed to you as an excel file everyday
  • Bank level protection is provided with 256 bit encryption
  • Data is automatically backed up every 3 hours for free

 

Advantages

  • Free server
  • No hard disk crashes
  • Free backups
  • Free anti-virus
  • Free server maintenance
  • Faster response time
  • 99.9% uptime
  • No unauthorized access

What if my employees won”™t be able to adopt?

  • Implementing practice management system bring benefits to the entire practice
  • It saves the trip you make to your client”™s office
  • It saves your time
  • Your involvement will be key in bringing about the change to Next-Gen practice

 

Users:

  • Over 1000 customers
  • 27 different verticals
  • 3 countries

 

For 15 days free trial click on>> Demo

 

For more information on this topic click here

 

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