Managing finances is at the core of any successful business, and with the rapidly changing business environment in India, accounting software has become an essential tool.
The days of tedious manual bookkeeping are over. Today, businesses of all sizes—from startups to large enterprises—rely on cutting-edge software solutions to manage their accounting workflows efficiently.
Just like how every human has a variety of abilities, accounting softwares too comes with different features and uses.
But with so many options available, how do you choose the best accounting software in India?
This guide will walk you through the top accounting software options for 2025, outlining their features, benefits, and suitability for various businesses. Whether you're a small trader, a freelancer, or a growing enterprise, there’s a solution for everyone.
1. TallyPrime
TallyPrime is often considered the gold standard in accounting software in India. It is widely recognized for its intuitive interface and ability to handle complex financial processes seamlessly.
Over the years, Tally has built a reputation for being reliable, making it a go-to solution for Indian businesses. With its GST compliance and multi-language support, Tally ensures businesses stay ahead in regulatory compliance and operational efficiency.
Key Features:
- Comprehensive GST compliance.
- Easy inventory management.
- Multi-language support for diverse user needs.
Who Should Use It: Tally is best suited for small to medium-sized businesses and professional accountants looking for a tried-and-tested solution.
Pricing: Tally offers flexible pricing plans, making it accessible for businesses of different scales.
2. Marg ERP
Marg ERP goes beyond basic accounting to offer industry-specific solutions, making it a versatile choice. Its adaptability has made it a popular choice among businesses in industries like pharmaceuticals, FMCG, and manufacturing.
Marg’s robust tools for inventory and billing management ensure streamlined business operations. Additionally, its customizable modules make it an excellent choice for businesses with unique operational requirements.
Key Features:
- Advanced GST billing.
- Inventory management tailored to industries like pharmaceuticals and FMCG.
- Customizable software modules.
Who Should Use It: Businesses in niche industries requiring tailored solutions will find Marg ERP ideal.
Pricing: Marg ERP is cost-effective, with options for small and medium enterprises.
3. Busy Accounting Software
Busy Accounting Software is a popular choice for MSMEs, thanks to its focus on simplicity and GST compliance. It provides all the essential tools for accounting, inventory, and tax management.
Busy’s strong reporting features allow businesses to analyze financial data effectively, making it easier to make informed decisions. Its ability to handle multi-location and multi-branch operations adds to its appeal for growing businesses.
Key Features:
- GST billing and tax management.
- Support for multi-branch operations.
- Comprehensive reporting features.
Who Should Use It: Small and medium businesses managing GST compliance and inventory across multiple locations.
Pricing: Offers budget-friendly packages for MSMEs.
4. Zoho Books
Zoho Books is a cloud-based accounting solution that has gained popularity among modern businesses for its ease of use and seamless integrations.
Its automation capabilities reduce manual work, allowing businesses to focus on growth. The software integrates with the entire Zoho ecosystem, which includes CRM, HR, and project management tools. This makes it an excellent choice for businesses looking to streamline multiple aspects of their operations.
Key Features:
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Automates workflows and invoicing.
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Integrates with Zoho’s business suite.
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Facilitates real-time collaboration with team members.
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Who Should Use It: Startups and businesses embracing cloud solutions for remote collaboration.
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Pricing: Flexible subscription plans make it scalable for growing businesses.
5. Vyapar
Vyapar is designed specifically for small businesses, traders, and shopkeepers who need a simple and intuitive accounting tool. It provides all the necessary features to create GST-compliant invoices, manage inventory, and track business expenses.
Its mobile app is particularly popular among users who want accounting functionality on the go. Vyapar’s offline capabilities ensure uninterrupted access even in areas with limited internet connectivity.
Key Features:
- GST invoicing and inventory management.
- Mobile app for on-the-go financial tracking.
- Offline and online functionality.
Who Should Use It: Small business owners and retailers seeking affordable accounting software.
- Pricing: Extremely affordable with a free trial option.
6. Giddh Accounting Software
Giddh is an emerging cloud-based accounting solution that simplifies ledger and cash flow management. Its user-friendly interface makes it easy for businesses to track their financial health in real-time.
Giddh also allows users to share financial data securely with stakeholders, making it an excellent choice for collaborative environments. With its growing popularity, it’s proving to be a reliable tool for businesses looking for simplicity and effectiveness.
Key Features:
- Real-time financial data sharing.
- Ledger management and insightful reports.
- Bank reconciliation.
Who Should Use It: Businesses looking for straightforward cloud-based solutions.
- Pricing: Flexible plans for small and medium enterprises.
7. Wave Accounting
Wave is a free accounting software option that’s perfect for small businesses and freelancers. Despite being free, Wave offers powerful features like invoicing, receipt scanning, and expense tracking.
It is especially popular among solopreneurs who need reliable tools without a significant financial investment. However, businesses can opt for paid add-ons like payroll services for more comprehensive functionality.
Key Features:
- Free invoicing and expense tracking.
- Simple user interface.
- Seamless integration with payment processing tools.
Who Should Use It: Solo entrepreneurs, freelancers, and startups on a tight budget. Pricing: Free for core features, with paid add-ons for payroll and payment processing.
8. Xero
Xero is a globally renowned accounting software that’s gaining traction in India. Known for its intuitive design and robust feature set, Xero helps businesses automate repetitive tasks like bank reconciliation and invoicing.
Its extensive app integrations make it a comprehensive solution for businesses with complex needs. The software’s multi-currency support also makes it a great choice for businesses with international clients.
Key Features:
- Comprehensive cloud-based accounting.
- Integration with over 800 business apps.
- Multi-currency support for international transactions.
Who Should Use It: Medium-sized businesses with global operations. Pricing: Subscription-based pricing, tailored for businesses of different scales.
9. FreshBooks
FreshBooks focuses on making accounting easy for small businesses and service providers. Its standout feature is time tracking, which is especially useful for freelancers and consultants who charge by the hour.
The software’s invoicing capabilities allow users to create professional-looking invoices quickly. FreshBooks also offers expense tracking and project management tools, making it a well-rounded option for service-based businesses.
Key Features:
- Professional invoicing templates.
- Time tracking and client management tools.
- Expense and project tracking.
Who Should Use It: Freelancers, consultants, and service-based businesses.
- Pricing: Affordable monthly plans based on business needs.
10. ProfitBooks
ProfitBooks is an Indian-made cloud-based solution with a simple and intuitive interface. It is specifically designed for small businesses that require an easy way to manage finances and inventory.
The software also offers payroll management, making it a one-stop solution for business owners. With its secure cloud platform, ProfitBooks ensures that your data is safe while being accessible from anywhere.
Key Features:
- User-friendly dashboard for tracking finances.
- Payroll and inventory management.
- Secure cloud storage.
Who Should Use It: Small businesses seeking a cost-effective and Indian-centric solution. Pricing: Offers a free plan with premium features available at competitive rates.
11. Suvit: Automating Your Accounting Workflow
Suvit stands out by offering automation capabilities that streamline accounting workflows and reduce manual tasks. It focuses on pre-accounting automation, which means less time spent on repetitive tasks like data entry and more time for strategic financial planning.
Suvit’s auto-mapping feature allows businesses to integrate their Excel data effortlessly. Its secure cloud platform ensures data privacy while enabling real-time collaboration.
Key Features:
- Pre-accounting automation for faster data entry and ledger creation.
- Auto-mapping of Excel data for easy integration.
- Real-time insights and collaboration via a secure cloud platform.
Who Should Use It: Businesses aiming to save time and optimize their accounting processes with automation. Pricing: Flexible and scalable plans to suit various business sizes. You can take a free trial for a week!
Comparison Table
| Software | Key Features | Suitable For | Pricing |
|---|---|---|---|
| TallyPrime | GST compliance, inventory | SMEs | Flexible |
| Marg ERP | Industry-specific customization | Pharma, FMCG industries | Affordable |
| Busy | GST, multi-branch management | MSMEs | Budget-friendly |
| Zoho Books | Cloud-based, real-time access | Startups, remote teams | Scalable |
| Vyapar | Mobile app, offline capability | Small traders, shopkeepers | Affordable |
| Giddh | Real-time data sharing | SMEs | Flexible |
| Wave | Free invoicing, expense tracking | Freelancers, startups | Free |
| Xero | Multi-currency, cloud-based | Global medium businesses | Subscription |
| FreshBooks | Time tracking, invoicing | Freelancers, consultants | Affordable |
| ProfitBooks | User-friendly, payroll tracking | Small businesses | Cost-effective |
| Suvit | Automation, pre-accounting | Workflow optimization | Scalable |
Start With the Right Accounting Software
Choosing the right accounting software is crucial for your business’s efficiency and compliance. From Tally’s trusted reliability to Suvit’s innovative automation, the options are vast.
Evaluate your needs and budget to find the perfect fit. Take the first step toward financial efficiency in 2025 by exploring how Suvit’s automation capabilities can transform your workflow.
Also Read:
- Forward Charge vs Reverse Charge in GST: What’s the Difference?
- Why Accounting Automation Is Loved by Small Business Owners
- Why Indian Startups Need Cost Analysis & Process Mapping
- Common Tax Compliance Struggles of Startups & Small Businesses
- Why a Checklist is Key for Successful Robotic Automation
