Top 5 GST Accounting Softwares- Easy to Use

Most Used GST Accounting Softwares

        There are many GST accounting softwares but, In this blog you will see the mostly used softwares which are easy to use and affordable.

List of Top 5 GST Accounting Softwares:

1) ProfitBooks

 ProfitBooks is the popular GST Accounting software. This software was launched in India in 2012. Now it have the great features of GST.

 Price:

ProfitBooks offers 3 simple pricing plans.

1. Professional Plan (Good for service based businesses): Rs. 5,999/year
2. GST Company plan (Good for busy business owners who want to outsource) : Rs. 1,999/month
3. SMB Plan (Good for re-sellers & traders) : Rs. 8,999/year

Advantages & Features:

• Very simple interface
• GST Invoicing with payment gateways integration
• Easy expense management
• Inventory management features
• Warehouse management
• Multi-currency support
• Multi-user support
• Payroll processing
• Facility to invite and accountant

 

2) TALLY ERP 9

Tally ERP 9 is a popular accounting software that is used by resellers and manufacturers.It was designed for Accountants but, users found it very complex.

Tally works offline and doesn’t require an internet connection. So, GST return filing process becomes little tedious with Tally as you have to manually import and export the data in it’s tax filing utility.

Price:

• Single User – Rs. 21,780
• Multi-user – Rs. 65,340
• Annual Renewal is 25%

Features:

• Manages HR and Payroll.
• Multiple company support.
• Financial management.
• Inventory management.
• Invoicing and billing.
• Product database.
• Supplier and purchase order management.
• Taxation management.

Advantages:

• Accountant Friendly.
• Independent of an internet connection to operate, as it is an offline software.

 Disadvantages:

• Needs LAN to operate multi-user.
• Needs Tally.net and Static IP to operate multiple locations.
• Data is not real-time which results in delay.
• Susceptible to Hard-disk crashes.
• Chances of easy data theft.
• Susceptible to Virus Attacks.
• Version upgrades are charged every time.
• No business specific features available.
• Expensive for multi-user systems.

3) ZOHO Books

Zoho created users of International markets. Recently they have introduced Zoho Books in the Indian market.

Its cloud based accounting software and comes with easy to use features. As Zoho is relatively new in the industry, lot of India specific features are still missing. However, its good for early stage business.

Price:

• Rs. 2500/- per year.
• Rs. 20,000/ per year for Finance Plus package.

Features:

• Simple invoicing and billing.
• Simple accounting.
• Cloud based system.
• Multi-user.
• Multi-currency.

Advantages:

• Fully Cloud based System.
• Even if the hard disk crashes, it doesn’t affect data.
• No Anti-virus software is needed for it.
• High control over data is present.
• The updates are free.
• Can be customised.
• Low pricing.

 

Disadvantages:

• Doesn’t allow more than 7 users/ account.
• Branch consolidation is not possible.
• Lacks key features required by Indian businesses.
• Very basic Inventory management.
• Limited support.

4) Clear Tax

Clear Tax started as an IT return filing software and services company and now they have come up with GST return filing software.

It is more focused on the Accounting Fraternity and can be a good option for the Accountants who require a platform to prepare accounts according to GST for their clients. Clear Tax works as a useful app which can be used for filing only after extracting data from any other accounting software and ERP Systems.

Price:

• Rs. 10,000/- per year

Features:

• Online GST Course is available.
• Assists accountants to find clients.
• Preparation for GST.
• Filing of GST.
• Store data and imports/exports.

Advantages:

• It helps an accountant get listed under GST.
• Provides free e-learning solution.

Disadvantages:

• Not an Accounting Software.
• No business features available.
• It is only a disjointed tax preparation tool.
• It is not a business specific tool.
• It can solely be used only by accountants.

 

5) Intuit Quickbooks

Intuit Quickbooks is an online accounting software which is initially developed for International market. Quickbooks is trying very hard to comply with the Indian accounting standards. Currently, its suitable for service providers who basically want a good invoicing tool. This software doesn't have full feature of GST filling but, it is helpful.

Price:

• Rs. 5,000/- per year

Features:

• Invoicing.
• Expense management.
• Basic inventory management.

Advantages:

• Web-based, can be accessed from anywhere.
• Good for micro businesses.
• Good set of financial reports.

Disadvantages:

• Does not offer GST return filing as of now.
• No business specific features available.
• Little complex for Indian businesses.
• Lacks few GST related features.

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