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The 5 Best Accounting Software For Businesses

Reducing fragmented accounting processes and manual entries: these are some of the benefits offered by accounting software. Discover 5 accounting tools available in or with an India domain based on reviews from Capterra France users. Accounting software automates an organization’s financial transactions and processes. By automating redundant tasks and helping streamline data entry and tracking, they help businesses manage their invoicing, payroll, general ledger, and accounts receivable and payable. 

According to an INSEE study, more than a million companies were created in 2022 in India. About a third of them are limited liability companies (SARL). This influx of financial resources and activities can increase the need for a suitable accounting solution. The accounting software comparison below can help start-ups and SMEs established in India get off to a good start. 

This article has compiled an alphabetical list of five of the best accounting software available on Capterra India. We considered software available in India or with French domains to establish this ranking. Each tool has received a minimum rating of 4 out of 5 stars and includes full functionality for bank reconciliations, reporting, and general ledger entries.

Momento, An Accounting Tool For Monitoring Daily Operations

  1. Overall rating: 4.6/5
  2. Ease of use: 4.8/5
  3. Customer service: 4.7/5
  4. Features: 4.3/5
  5. Value for money: 4.7/5

Momenteo is accounting software that allows accountants and freelancers to track their work, expenses, and travel costs using a dedicated dashboard. Based on the cloud, this solution offers, among its main features, invoicing, calendar management, estimates, as well as reports to analyze financial results.

In addition to assistance in creating invoices using templates, Momenteo allows you to track their status and send them directly online. The invoicing feature also tracks the status of invoices by alerting the user as soon as they are received by the customer and indicating when they have been viewed.

Organizations can access the overview provided via a quick menu for custom reports and analytics to gain real-time insight into their financial situation. Pie charts, line graphs, tables, and other interactive visual elements can also be viewed within these financial reports.

What Are The Main Features Of The Accessible Version Of Memento?

The unlimited free version of Momente includes up to 2 customers, unlimited quotes, customer database management, and offline payment functionality.

What Are The Main Features Of The Paid Version Of Memento?

The paid Start version of Momenteo includes up to 5 clients, accounting access, and an online payment functionality.

Sage Intacct, A Solution For Cash Flow Management

  1. Overall rating: 4.2/5
  2. Ease of use: 4.1/5
  3. Customer service: 4.0/5
  4. Features: 4.2/5
  5. Value for money: 4.⅕

Sage Intacct is cloud-based financial management software that includes purchasing, revenue tracking, invoicing, resource allocation, and financial reporting accounting tools. Using Sage, accountants, and interested individuals can access company financial data from their smartphones and tablets, allowing them to view the data from a personalized dashboard.

They can populate the ledger to display a daily view of cash flow metrics, see revenue flows categorized by location or product on colorful charts, and view their cash flow data on the same board.  Users can add widgets to customize the dashboard. An invoice template allows you to invoice customers using custom fields. Cash flow and bottom line data can be displayed on a sales dashboard for any date, as can year-to-date analytics and monthly trends. Finally, users can configure workflows using templates and built-in configuration options.

What Are The Main Features Of The Sage Intacct Free Trial?

This Software-as-a-Service (SaaS) tool includes a free demo and self-service product discovery. These two modalities include Core financial functionalities (general ledger, accounts receivable and payable, purchasing, cash management, and order management).

What Are The Main Features Of The Paid Version Of Sage Intacct?

The paid Common Core version of the software can aggregate different modules, and pricing depends on the number of users. These modules include project tracking, time and expense tracking, or adding 2 professional users.

SAP S/4HANA Cloud, Accounting Software To Visualize Financial Results

  1. Overall rating: 4.3/5
  2. Ease of use: 3.8/5
  3. Customer service: 4.0/5
  4. Features: 4.3/5
  5. Value for money: 4.0/5

SAP S/4HANA Cloud is a cloud-based accounting software that runs on the in-memory SAP HANA database. The public version of S/4HANA manages general ledgers, cost analysis, and supplier profiles. It enforces industry standards, features a role-based interface, and employs bots, analytics, machine learning, and artificial intelligence technologies. You get a customizable dashboard with searchable and dynamic panels, filters, color-coded alerts, status bars, and graphs for each type of financial result.

What Are The Main Features Of The SAP S/4HANA Cloud Free Trial?

Included in the Grow with SAP offer, SAP S/4HANA Cloud offers a free product demo with the discovery of the Finance menu and its functionalities. The SAP HANA database is also free for 30 days as part of the Guided Experience plan.

What Are The Main Features Of The Paid Version Of SAP S/4HANA Cloud?

Pricing for the Grow with SAP offering is a modular subscription to manage five- to six-figure amounts. It supports multiple currencies, integration with third-party apps, budgeting, invoicing, and sales and purchase management.

Spendesk, Software For Expense And Accounting Management

  1. Overall rating: 4.8/5
  2. Ease of use: 4.8/5
  3. Customer service: 4.6/5
  4. Features: 4.6/5
  5. Value for money: 4.5/5

Spendesk is expense management and accounting software that combines data associated with purchase orders, expenses, budgets, invoices, and reimbursements in a single interface. Using this multi-currency tool, employees can use Spendesk-issued cards to pay for purchases and scan receipts using optical character recognition. Transaction data is entered directly into the software and triggers the sending of approval requests, financial reports, and spending analyses to the manager’s dashboard.

What Are The Main Features Of The Accessible Version Of Spendesk?

The free version of Spendesk is available for teams of four users belonging to the same entity, including one user-approver. Spendesk provides one physical card per user for free, unlimited single-use virtual cards, unlimited subscription cards, and up to 100 transactions.

What Are The Main Features Of The Paid Version Of Spendesk?

The paid Essentials version of the software allows you to add unlimited users, administrators, and cards for up to three entities. This subscription includes third-party integrations and essential accounting tools for emailing invoices and processing payments, scanning receipts with optical recognition, tracking expenses, mileage, budgets, forecasts, or even balance alerts.

Zoho Books, A Solution To Centralize Income And Expense Information

  1. Overall rating: 4.4/5
  2. Ease of use: 4.3/5
  3. Customer service: 4.2/5
  4. Features: 4.2/5
  5. Value for money: 4.4/5

Zoho Books is a cloud accounting software that includes an accounting module. Users can import accounts payable and receivable data and their opening balances from desktop and cloud computing tools or enter them manually to access transactions, budgets, and accounts. The panels record revenue and expenditure data. The bank reconciliation can be displayed on the screen if applicable. Accountants can work with colleagues to record transactions, edit amounts, and generate real-time cash flow or expense charts.

What Are The Main Features Of The Accessible Version Of Zoho Books?

The free subscription is available for a single user and account. It includes a customer portal, up to 1,000 invoices per year, personalized invoices in multiple languages ​​and currencies, expense and mileage tracking, import of bank and card statements, chart of accounts, manual journals, and tax management.

What Are The Main Features Of The Paid Version Of Zoho Books?

The Standard paid plan allows three users to access features such as global updates, transaction locking, 10 personalized reports, bank feeds, recurring expense tracking, and up to 5,000 invoices per year as third-party integrations.

Tips Before Choosing Accounting Software

Before you start, consider setup costs, upfront expenses, and the training needed to get your teams up to speed. Also, consider add-ons and special features your business might need, like receipt scanning or payroll software integration.

Read Also: Three Free Document Creation Software For Businesses

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