Top 10 Accounting Automation Tools in India

As technology continues to reshape the way we manage finances, the demand for streamlined and efficient accounting solutions has surged across India. And this demand has given birth to a lot of accounting automation tools, including your very own Suvit. We know how important it is to have the right tool at hand to make accounting easier.

In this blog, we're going to dive into the top 10 accounting automation tools that have captured the hearts of Indian entrepreneurs.

From traditional favourites to modern marvels, these tools offer simplicity, convenience, and a touch of innovation to empower businesses of all sizes.

So, whether you're a corner shop owner or a startup founder, join us as we explore the tools that are transforming the way accounts are managed in India.

1. Suvit

Suvit is an AI-powered accounting automation tool that streamlines the migration of data from Excel to Tally, effectively eliminating manual data entry tasks. Our tool simplifies the process and offers several benefits, saving time and enhancing accuracy.

Major Features:

• Automated Data Migration: Suvit handles the data transfer process from Excel and PDFs to Tally, eliminating the need for manual entry.
• Effortless Data Upload: Easily upload exported files from Excel to Tally using Suvit for seamless migration.
• Error-Free Entries: With AI-powered technology, Suvit ensures accurate and precise data migration, eliminating errors.
• Enhanced Productivity: Suvit's automation frees up time, allowing you to focus on more strategic tasks.
• Anywhere Access: After migration to Tally, your data becomes accessible from any location, enhancing flexibility.
• Multiple Benefits: Suvit's process offers 100% error-free and automated entries, boosting efficiency.
• Stable Internet Connectivity: Suvit requires a stable internet connection to ensure uninterrupted migration.
• Various Subscription Plans: Choose from a range of subscription plans that cater to different needs.
• Module Selection: Suvit provides various modules for different types of data, such as Banking, Sales, and Purchase.
• Secure Connection: Suvit establishes a secure connection with Tally to facilitate the data transfer process.

Why It's Useful:

Suvit is a game-changer for Indian businesses seeking a hassle-free way to migrate data from Excel to Tally. By automating the data transfer, Suvit eliminates errors, saves time, and empowers users to access their financial information from anywhere. With Suvit, you can say goodbye to manual data entry and embrace a more efficient and accurate approach to managing your accounts.

Take the 7-day free trial to check out the features for your own!

Check out the below video for detailed step-by-step instructions on how to use Suvit:

2. Zoho Books

Zoho Books is a versatile accounting automation tool designed to cater to the needs of small businesses and startups in India. Its intuitive interface and robust features make managing finances a breeze.

Major Features:

• Expense Tracking: Easily track and categorize expenses, giving you insights into your spending patterns.
• Invoicing Made Simple: Create professional invoices, send them to clients, and receive payments seamlessly.
• GST Compliance: Zoho Books helps you generate GST-compliant invoices, ensuring adherence to regulations.
• Bank Reconciliation: Automatically reconcile bank transactions with your accounts, minimizing errors.
• Real-time Collaboration: Collaborate with your team and accountant in real time, enhancing efficiency.
• Inventory Management: Keep track of your inventory levels and manage stock efficiently.
• Financial Reports: Access a range of financial reports that provide insights into your business's performance.
• Automated Reminders: Set up payment reminders to ensure you never miss a due date.
• Mobile Accessibility: Access Zoho Books on your mobile device, enabling you to manage finances on the go.
• Integration Capabilities: Seamlessly integrate with other Zoho apps and third-party tools for a comprehensive solution.

Why It's Useful:

Zoho Books is an invaluable tool for small Indian businesses, offering features that simplify financial management. Its user-friendly interface and extensive functionalities, such as GST compliance and mobile accessibility, empower entrepreneurs to handle their finances efficiently. By using Zoho Books, you can streamline invoicing, expense tracking, and reporting, leading to better financial control and informed decision-making.

3. ProfitBooks

Counted among the top 10 accounting software in India, ProfitBooks is a comprehensive solution that combines robust accounting functionalities with efficient inventory management. It empowers businesses with the tools needed for meticulous financial planning, seamless inventory control, and accurate tax reporting.

Major Features:

• Complete Inventory Management: ProfitBooks provides a comprehensive inventory management system, catering to manufacturing units, wholesalers, and retailers alike. It ensures smooth tracking of products and sales insights.
• Detailed Tax Reports: With ProfitBooks, businesses can generate detailed tax reports, simplifying the process of tax filing. The platform facilitates the creation of VAT reports and GST analysis based on India's tax slabs.
• Financial and Inventory Alignment: For a growing company, aligning financial planning with inventory management is crucial. ProfitBooks offers a seamless platform for achieving this alignment, resulting in improved sales and product insights.
• Invoicing and Billing: ProfitBooks allows businesses to create unlimited invoices and sales bills, along with effective tracking of inventory flow. This is especially beneficial for manufacturing businesses that need to manage invoices and monitor bills for smooth inventory flow.
• Effortless Tax Management: The platform simplifies tax management by generating VAT reports and GST analysis. This not only saves time but also reduces the chances of manual errors during tax filing.
• Profit & Loss Statement: ProfitBooks doesn't stop at financial planning; it also provides comprehensive profit and loss statements. This feature helps businesses gain a deeper understanding of their operations by interpreting income and expense management.
• Steady Business Control: For businesses ranging from upscale enterprises to new ventures, ProfitBooks offers advanced features that provide steady control over operations and financial planning.
• Streamlined Cash Flow Tracking: From managing income and expense statements to monitoring the entire cash flow, ProfitBooks serves as an all-in-one solution for effective financial management.
• Seamless Tax Filings: ProfitBooks' taxation features not only simplify the tax filing process but also ensure accuracy, thereby eliminating the stress of manual errors.
• Adaptable for Various Businesses: Whether you're a manufacturing unit, wholesaler, or retailer, ProfitBooks provides a platform to streamline management processes, track inventory, and efficiently file tax returns.

Why It's Useful:

ProfitBooks is a boon for businesses of all sizes, providing advanced features that facilitate accurate financial planning, efficient inventory management, and precise tax reporting. Its user-friendly interface and comprehensive functionalities make it a go-to choice for businesses looking to enhance their financial control and decision-making prowess. By using the power of ProfitBooks, Indian businesses can confidently manage their finances and operations while focusing on growth.

4. RealBooks

RealBooks emerges as a pivotal tool for businesses seeking to enhance decision-making through effective financial data management. It is an online platform that not only ensures GST compliance but also serves as a versatile resource for accomplishing accounting, payroll, and inventory tasks seamlessly.

Major Features:

• Document Management: RealBooks excels in collecting and securely storing financial data, providing a reliable repository for vital business information.
• API Integration: The platform offers API integration, allowing businesses to connect various applications and systems for a smoother workflow.
• Flexible Bill Analysis: RealBooks provides the flexibility to analyze bills effectively, empowering businesses to gain insights into their spending patterns.
• Manual Bank Reconciliation: The platform facilitates manual bank reconciliation, ensuring accuracy in financial records and minimizing discrepancies.
• Real-Time Data Management: RealBooks shines in real-time data management, ensuring that businesses have access to up-to-date financial information for informed decisions.
• Receipt and Payment Advice Generation: With RealBooks, businesses can effortlessly generate receipt and payment advice, streamlining transaction tracking.
• Sale and Purchase Reports: RealBooks offers detailed sale and purchase reports, allowing businesses to evaluate their performance and make strategic decisions.

Why It's Useful:

RealBooks proves to be an invaluable asset for businesses seeking streamlined financial management. Its online nature ensures data accessibility from anywhere, and the platform's GST compliance adds an extra layer of reliability.

By utilizing RealBooks, businesses can efficiently handle accounting, payroll, and inventory tasks, all while making data-driven decisions. With its versatile features and commitment to real-time data accuracy, RealBooks empowers businesses to enhance efficiency and pave the way for growth.

5. Reach

Reach stands out as a tailored solution for small and medium businesses in India. It consolidates all business operations within a single application, facilitating convenient, organized, and efficient data viewing and analysis. This comprehensive tool is equipped with powerful business automation capabilities that proficiently manage multiple accounts concurrently.

Major Features:

• Customized Invoices: Reach enables the creation of personalized invoices, adding a professional touch to business transactions.
• Email and Website Lead Captures and Management: The platform assists in capturing and managing leads from emails and websites, streamlining the customer acquisition process.
• Import Options: Reach offers versatile import options, allowing businesses to seamlessly integrate existing data.
• Efficient Inventory Management: The tool simplifies inventory management, ensuring businesses have a clear view of their stock levels.
• Cloud-Compatibility: Reach operates in the cloud, granting businesses the flexibility to access data from anywhere, enhancing collaboration.
• End-of-Day Reporting: The platform supports end-of-day reporting, providing insights into daily operations and facilitating strategic decision-making.
• Tailored to Your Business Needs: Reach is designed to cater to the unique requirements of businesses, ensuring a customized experience.

Why It's Useful:

Reach emerges as a pivotal asset for small and medium businesses, offering a holistic platform that integrates various operations for seamless management. With its range of features, including customized invoices and efficient inventory management, Reach empowers businesses to operate more efficiently and make informed decisions. By utilizing Reach, businesses can effectively streamline their processes, enhance customer interactions, and lay the foundation for sustainable growth.

6. Vyapar

Vyapar stands tall as the premier accounting software for small Indian businesses. This free platform offers a multitude of functions, including invoice management, inventory records, bookkeeping, and daily business activity tracking. By streamlining these tasks, Vyapar empowers businesses to focus on growth while maintaining an error-free and efficient business management system.

Major Features:

• Streamlined Business Management: Vyapar's user-friendly interface allows businesses to efficiently manage invoices, inventory, and accounts, while also tracking daily activities crucial for business growth.
• Paperless Operation: The software eliminates the need for paperwork, enabling businesses to channel their productive time towards business development.
• Digital Upgrade Solution: Addressing the need for digitalization in the small sector, Vyapar provides a powerful solution that aligns with modern business requirements.
• GST Compliance: Vyapar ensures GST compatibility, facilitating accurate tax calculations and hassle-free return filings, eliminating errors arising from manual calculations.
• Centralized Business Records: Businesses can manage all parties, generate invoices, and foster collaborations with suppliers and vendors, thus enhancing market presence.
• Customizable Invoices: Vyapar empowers businesses to create customized invoices that align with their brand image and enhance customer interactions.
• Automated Payment Reminders: The software offers automation for payment reminders, ensuring timely collections and smoother financial operations.

Why It's Useful:

Vyapar is a game-changer for small Indian businesses, offering a digital platform that enhances operational efficiency, simplifies tax compliance, and fosters business growth. Its user-friendly interface and versatile features, such as customizable invoices and payment reminders, make it an invaluable asset for businesses aiming for streamlined operations and financial control. By adopting Vyapar, businesses can embrace modern business practices, enhance customer interactions, and lay the groundwork for sustained success.

7. myBooks

myBooks emerges as an exceptional accounting solution tailored for entrepreneurs, accountants, small IT and financial companies, as well as freelancers. This comprehensive GST Accounting Software is designed to cater to the needs of various small businesses, offering stress-free accounting transactions that alleviate the burden of traditional bookkeeping tasks.

Major Features:

• GST Compliance Simplified: myBooks stands out by enabling the creation of professional-looking GST-compliant invoices that can be seamlessly delivered to customers via email with just a few clicks. Generating customized invoices with your logo takes less than 60 seconds.
• Effortless Bank Reconciliation: myBooks caters to SMEs by allowing invoice generation in the customer's base currency. It seamlessly integrates with bank accounts for transaction tracking. The software excels in the multi-categorization of bank statements with a single click. This feature simplifies the categorization of numerous expenses, ensuring balanced books.
• Data Backup and Security: Daily backups are maintained in the myBooks cloud, offering data security and peace of mind. The software employs bank-level security measures for servers and data transfers, ensuring 100% data protection.
• Free Mobile Apps: Enhancing user convenience, myBooks provides free mobile apps for both Android and iOS platforms. With these apps, you can create client invoices and receive payments directly from your smartphone. Invoicing clients on the go has never been easier.
• Financial Reports & Dashboard: myBooks offers an intuitive dashboard with charts and reports that can be accessed whenever needed. This allows businesses to track their financials easily. The software's quick loading time, facilitated by next-generation cloud systems, enables the smooth processing of millions of transactions.

Why It's Useful:

myBooks presents a user-friendly and powerful solution for various businesses, alleviating the challenges of accounting and GST compliance. With its customized features, easy mobile access, and secure data handling, myBooks empowers users to manage their finances efficiently while staying compliant with GST regulations. By adopting myBooks, businesses can streamline their operations, enhance financial control, and foster growth with ease.

Recommended Read: Common Challenges in Excel to Tally Data Migration and How to Overcome Them

8. Giddh

Giddh stands as an all-inclusive, modern accounting software in India that harnesses your local database to provide tailored reports for business growth. This software transcends mere financial management, extending its capabilities to inventory, stock management, and secure bank account handling.

With a focus on high-level security, Giddh offers GST compliance and illuminating insight reports, facilitating a comprehensive analysis of your accounting stability. The software's multi-currency support empowers you to manage globalized departments from a centralized platform.

Major Features:

• GST Compliance: Giddh relieves the burden of GST returns by ensuring compliance and seamless, error-free, and on-time tax filing.
• Effortless Invoicing: Giddh brings a modern approach to financial and accounts management with its customizable templates that yield professional-looking invoices.
• Instant Reporting and Analysis: The software offers instant reporting and analysis features that expedite decision-making by providing quick and efficient insights.
• Inventory and Stock Management: Beyond financial aspects, Giddh assists in managing inventory and stock, ensuring smoother operational workflows.
• Bank Account Handling: Enjoy secure bank account management within the software, adding an extra layer of convenience and control.
• Centralized Data Sharing: Encourage teamwork and collaboration by allowing data sharing among team members for informed and collective decision-making. Customizable Templates: Create customized templates for invoices, aligning them with your brand image and professionalism.
• Focus on High-Level Security: Giddh prioritizes data security through advanced measures, ensuring your financial information remains protected.

Why It's Useful:

Giddh emerges as a vital asset for businesses seeking comprehensive accounting solutions that go beyond numbers. With its versatile features, such as customizable invoicing, multi-currency support, and secure bank account management, Giddh caters to a wide range of business needs. The software's commitment to GST compliance and real-time insight reports empowers businesses with accurate financial data for informed decision-making. By adopting Giddh, businesses can enhance their financial control, streamline collaboration, and drive growth with confidence.

9. Saral Accounts

Saral emerges as a prominent online accounting software in India, focusing on accounting and billing systems. Renowned for its comprehensiveness, Saral offers a user-friendly and integrated platform that addresses every crucial aspect of accounting and billing requirements.

From efficient inventory management to generating insightful MIS reports, Saral encompasses it all. Notably, the software's GST compliance streamlines tax filing processes, making returns hassle-free. Beyond being a comprehensive business solution, Saral excels in service invoicing, inventory management, and auditors report generation, elevating its utility for enterprises.

Major Features:

• GST Compliance: Saral simplifies GST computations for monthly GST-1 and GST-2 return filing. The software empowers businesses to file returns using department tools endorsed by Saral and recommended by authorized auditors.
• Complete Accounting with Vouchers Entry: Saral is a comprehensive accounting software that meticulously tracks accounting transactions, maintains invoices, and provides final statements, offering a clear overview of business profits and losses.
• Efficient MIS Reports Generation: Generate insightful MIS reports that provide valuable business insights, aiding informed decision-making for enhanced growth.
• Service Invoicing: Saral excels in service invoicing, offering customized templates to create professional-looking invoices tailored to your business needs.
• Inventory Management: From Purchase Orders to DC Inward, Rejection Outward, Purchase Invoices, and Purchase Returns, - Saral efficiently manages all aspects of inventory, including barcode integration for precise tracking.
• Auditors Report Generation: Generate comprehensive auditors reports for a thorough understanding of your financial health and compliance.
• Flexible Slab Rates: Saral caters to diverse business requirements with different slab rates, ensuring customization to fit various business sizes and needs.
• Integrated Barcode Functionality: Streamline pricing and tracking with integrated barcode generation and management for products.

Why It's Useful:

Saral establishes itself as a versatile and user-friendly online accounting software that encompasses a wide spectrum of accounting and billing needs. With its comprehensive features, including GST compliance, inventory management, and service invoicing, Saral caters to various business requirements. The software's commitment to accuracy, versatility, and auditors' report generation makes it a valuable asset for enterprises seeking efficient accounting solutions.

10. Align Books

Alignbooks emerges as a cloud-based accounting software that seamlessly transitions between online and offline access. Designed with small and medium-sized businesses in mind, Alignbooks offers a comprehensive suite of features that cater to various business needs. From secure data backup to efficient bill generation, built-in operational controls, and flexible deployment options, Alignbooks aims to provide a versatile and reliable solution for business accounting.

Major Features:

• Tailored for Small and Medium Businesses: Designed to cater specifically to the needs of small and medium-sized businesses, Alignbooks offers solutions that fit their unique requirements.
• Secure Data Backup: Data security is a priority with Alignbooks, as it ensures the regular backup of your crucial business information, safeguarding against potential data loss.
• Efficient Bill Generation: Streamline your billing process with Alignbooks' intuitive bill generation features, ensuring accurate and professional-looking invoices.
• Comprehensive Financial Management: The software provides a holistic financial management solution, encompassing tasks such as budgeting, expense tracking, and financial reporting.
• Inventory Management: Alignbooks empowers businesses with efficient inventory management capabilities, enabling accurate tracking of stock levels and product movements.
• Customizable Deployment: Flexibility is a hallmark of Alignbooks, allowing businesses to deploy the software in a manner that suits their operational preferences.
• Multi-User Accessibility: Collaborate effortlessly by providing multiple users with access to the software, enabling teamwork and shared financial management.
• Data Security and Compliance: Alignbooks prioritizes data security and compliance, ensuring that your financial information is kept safe and adheres to industry regulations.

Why It's Useful:

Alignbooks establishes itself as a versatile cloud-based accounting software that caters to the specific needs of small and medium-sized businesses. With its range of features, including hybrid access, secure data backup, and built-in operational controls, Alignbooks offers a comprehensive solution for businesses seeking efficient financial management. Its ability to seamlessly transition between online and offline modes ensures continuous operations, making it a reliable choice for businesses in various scenarios.

So, where should you begin?

From the AI-powered convenience of Suvit to the versatile capabilities of Alignbooks, these top 10 accounting automation tools in India cater to businesses of all sizes. Whether you're a small startup or a growing enterprise, these tools offer features like GST compliance, secure data handling, and insightful reporting to empower your financial journey.

Take the leap towards efficiency and accuracy – explore these tools today and experience a new era of accounting ease. Ready to transform your accounting process?

Try out Suvit now and embark on your journey to hassle-free financial management!