Accounting Software For Small Business 2022 | QuickBooks India (2024)

FAQs

Which accounting software is best for small business in India? ›

Note: QuickBooks has been discontinued for Indian users since April 30, 2023. “This applies to all subscriptions and services for QuickBooks Online, QuickBooks Online Accountant, the QuickBooks mobile app, and QuickBooks Time,” the company said in a statement.

QuickBooks is one of the best accounting software to choose if you're looking for an easy way to manage payments, invoicing and expense tracking for your business. The accounting software is accessible on any device, but you need to set it up properly to enjoy its benefits.

Free accounting software designed for small businesses with turnover below $50K per annum. From invoicing to business reporting, manage your bookkeeping needs with Zoho Books.

Outsourced Accounting Cost in India

So, a small business with limited accounting obligations could end up paying between 10,000 INR and 20,000 for monthly bookkeeping, GST calculation, GST payments, TDS calculation and payments, GST monthly return, and more.

Ultimately, having an accountant can save businesses both time and money in the long run, even if they already use QuickBooks as part of their bookkeeping/invoicing process.

Try Advanced free for 30 days. Test drive QuickBooks Online Advanced and get instant access to the tools and features you need to drive your business forward with deeper insights, custom workflows, easy collaboration, and more.

ZipBooks accounting software is a great alternative to QuickBooks that has a free plan. The software will suit small businesses that don't have many employees or require reconciliation of several bank accounts.

While Quickbooks Self Employed is designed for self-employed individuals, its suitability for an LLC depends on the specific accounting needs of the business. LLCs often have more complex financial requirements compared to self-employed individuals.

Why do accountants not like QuickBooks Online? ›

If you're looking for an accounting software that will automate most of your bookkeeping tasks, QuickBooks is probably not the right fit for your business. For example, QuickBooks doesn't have a double-entry bookkeeping feature. This means that you can't track your expenses and income in two separate accounts.

Cash accounting method is ideal for small businesses which prefer a straightforward way to measure income and expenses. However, revenue won't appear on the ledger until the payment is received.

QuickBooks Desktop offers all of the accounting features your small business could possibly need, including invoicing, bill management and accounts payable, and income and expense tracking.

You should hire a CPA to: Manage your finances: A CPA will be able to help you with your finances by providing advice on how to set up and structure your business, and plan for its future.

1. NetSuite. NetSuite is a cloud-based software that offers a suite of ERP applications, financials, inventory management, HR processes, professional services automation, and omnichannel commerce. It aims to streamline accounting processes all in one place and generate real-time data.