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Top 7 Accounting Software Options for Indian Startups
Top 7 Accounting Software Options for Indian Startups
Published on
Published on
February 6, 2025
February 6, 2025
February 6, 2025
|
20 mins
20 mins
Looking for the best accounting software for your Indian startup? Here's a quick guide to help you choose. Managing finances and staying GST-compliant can be challenging, but the right tools can simplify everything. Below, we list the top 7 accounting software options tailored for Indian startups, highlighting their key features, pricing, and ideal use cases.
Top Picks
Zoho Books: Great for GST compliance and automation. Free for startups under ₹25 Lakh revenue.
Vyapar: Offline-friendly with invoicing and inventory tools. Free basic version available.
Munim: Mobile-first with GST filing and payment integrations. Starts at ₹999/month.
Tally.ERP 9: Advanced customization for complex needs. One-time license at ₹18,000.
Marg ERP 9+: Affordable, GST-focused for retail and distribution. Starting at ₹999/month.
Gen GST: Specialized for GST compliance. Starts at ₹999/month.
QuickBooks Online: Globally recognized with automation and multi-currency support. Starts at ₹4,999/month.
Quick Comparison Table
Each tool offers unique strengths, from automation to offline functionality and GST compliance. Read on to find the one that fits your business needs.
Zoho Books Vs Tally Prime | Best Accounting Software for Small & Medium Business
1. Zoho Books
For Indian startups dealing with GST requirements and scaling challenges, Zoho Books offers a practical solution. This accounting software simplifies tax compliance with automated GST filing (GSTR-1, GSTR-3B, GSTR-4, GSTR-9) and e-invoicing. Its user-friendly platform is designed to make financial management easier for business owners.
The software is also budget-friendly. Startups earning less than ₹25 Lakh annually can use its free plan, while paid plans start at ₹1,249 per month for the Standard package [1].
Here’s how Zoho Books extends its functionality with integrations:
Payment Gateways - Razorpay, PayPal, Paytm
Automation Tools - Zapier
Business Apps - Full Zoho Suite
The platform supports multiple currencies and offers connected banking, making it a great choice for startups with global ambitions. It can automatically track expenses, create detailed financial reports, and present visual insights through graphs [2].
Zoho Books also minimizes manual work with features like recurring transaction automation and reconciliation. Its cloud-based access ensures secure, on-the-go financial management, aligning with the demands of modern work environments [1].
For better financial oversight, Zoho Books provides real-time tracking of cash flow, expenses, and receivables. Customizable dashboards offer quick views of key metrics, enabling founders to make informed decisions faster [2].
While Zoho Books stands out in automation and compliance, other tools might better address certain specific startup needs.
2. Vyapar
Vyapar is an accounting software tailored for Indian startups, offering a mix of simplicity and powerful tools. Its offline functionality makes it especially useful for businesses in areas with limited tech infrastructure or internet access [1].
Vyapar makes GST compliance easier by automating calculations and return filings, covering forms like GSTR-1, GSTR-3B, GSTR-4, and GSTR-9 [3]. Here’s a quick look at its main features:
With tools for ledger and account management, Vyapar simplifies record-keeping. Its user-friendly interface allows startups to focus on growing their business rather than wrestling with complex accounting processes [3]. This ease of use makes it a practical choice for those aiming to streamline operations without a steep learning curve.
Vyapar provides a free plan for basic requirements, while its paid plans remain budget-friendly for startups seeking advanced features [1]. The software supports both desktop and cloud access, giving businesses the flexibility to manage their finances from the office or remotely. Plus, its customer support and tutorials help users get the most out of the platform.
Vyapar’s reporting tools offer actionable insights, helping startups evaluate their financial health and uncover growth opportunities [1]. While it’s a strong choice for affordable and easy-to-use accounting, alternatives like Munim might suit startups with more specific needs.
3. Munim
Munim is an accounting platform designed specifically for Indian startups, trusted by over 15,000 businesses. It simplifies financial tasks and ensures GST compliance with user-friendly features like:
The results speak for themselves: 90% of users report lighter accounting workloads, and some startups have seen efficiency improve by as much as 70% [1].
Munim also integrates seamlessly with e-commerce platforms and payment gateways, cutting down on manual data entry. This connectivity, paired with reliable customer support, helps businesses tackle their accounting needs with ease [2].
Its cloud-based system allows secure, remote access - perfect for startups with distributed teams. Data remains safe while being accessible from multiple locations [1].
While Vyapar is a great choice for offline needs, Munim shines in its online features and automation. And while Munim focuses on ease and scalability, the next option, Tally.ERP 9, is better suited for those needing advanced customization for complex financial operations.
4. Tally.ERP 9
Tally.ERP 9 is a leading choice for Indian accounting software, particularly recognized for its GST compliance features and financial management tools. It simplifies GST-related tasks with real-time validation checks, reducing errors in e-invoicing and e-way bill creation - key benefits for e-commerce startups.
Tally.ERP 9 is priced at ₹18,000 for a one-time purchase or ₹600/month for rentals. Its error detection ensures precise tax calculations, while the automated GST filing system includes built-in validation to avoid compliance issues.
Although users may need training, Tally.ERP 9 offers extensive customization options to match business needs. Reports, invoices, and workflows can be tailored to fit specific operations. The software also integrates with banking systems for automatic reconciliation and payment processing, cutting down on manual tasks and reducing errors.
Compared to cloud-based tools like Zoho Books or Munim, Tally.ERP 9 excels in offline functionality and advanced customization, making it a strong choice for businesses with complex financial requirements. However, new users should be prepared to invest in professional training to fully leverage its features.
For startups with intricate financial needs, Tally.ERP 9 is a solid option. That said, Marg ERP 9+ might be a better fit for businesses looking for a more budget-friendly and versatile solution.
5. Marg ERP 9+
Marg ERP 9+ is an accounting tool designed to meet the needs of Indian startups, offering a mix of GST compliance features and affordable pricing. It caters to various industries, such as retail and manufacturing, with a focus on local tax regulations.
The platform's cloud-based system allows startups to securely access financial data from anywhere, making it ideal for distributed teams or businesses managing growth. This is especially helpful for inventory-heavy industries like retail and manufacturing.
Marg ERP 9+ includes an automated GST compliance system with built-in validation checks to reduce filing errors. It also provides real-time updates to keep businesses aligned with the latest GST rules, which is particularly useful for startups without in-house tax experts.
Startups can choose and pay for only the features they need, offering flexibility as their business grows. Integrated inventory management tools ensure accurate stock tracking and smooth tax calculations.
Although it lacks the global reputation of tools like QuickBooks or Zoho Books, Marg ERP 9+'s focus on Indian tax laws and business practices makes it a smart option for startups operating in India. Regular updates ensure the platform evolves alongside changing GST requirements.
For startups purely focused on GST compliance, the next option, Gen GST, provides specialized tools tailored for tax management.
6. Gen GST
Gen GST is designed to streamline GST filing and simplify compliance for Indian startups. It provides specialized tools for managing taxes while also supporting essential financial tasks. Its features cater specifically to businesses dealing with India's intricate tax system.
The software's user-friendly interface makes it accessible even for those with minimal accounting knowledge. Features like automated validation checks and real-time updates help ensure accurate filings and compliance with the latest GST regulations, reducing the risk of mistakes.
Gen GST works seamlessly with platforms like Razorpay, Tally, and major banking apps, offering a centralized system for both tax compliance and daily business operations. Pricing starts at ₹999 per month for basic plans, with enterprise-level options available for larger businesses [1].
Key Benefits
Real-time updates on regulatory changes
Robust audit trail maintenance
Effective tracking of GST amendments
Multiple support options, including email, voice, and chat
While Gen GST stands out for its GST-specific features, its overall functionality is narrower compared to all-in-one tools like Tally.ERP 9 or Zoho Books. However, its targeted approach is ideal for startups focused on tax compliance.
For those needing a broader, internationally recognized solution, QuickBooks Online might be a better fit.
7. QuickBooks Online
QuickBooks Online is a globally recognized accounting tool tailored to meet the needs of Indian startups. It combines international standards with features designed for local requirements, making it a practical choice for businesses navigating GST compliance and other financial tasks.
QuickBooks Online offers plans that cater to startups at various stages of growth, from early ventures to more established businesses needing advanced tools.
The platform is particularly effective at automating repetitive tasks. Features like Smart Receipt Capture allow users to scan and digitize receipts instantly, while Automated Payment Reminders help manage cash flow efficiently. It also integrates smoothly with essential business tools, including payment gateways and e-commerce systems, ensuring all financial data stays connected.
For entrepreneurs on the move, QuickBooks Online's mobile apps are a game-changer. They allow users to handle invoicing, track expenses, and monitor cash flow from anywhere, making it ideal for busy startup founders.
Although its pricing may be higher than some local alternatives, QuickBooks Online justifies the cost with its extensive features, regular updates, and ability to scale alongside your business. Its automation tools and strong reputation make it a smart option for startups aiming for long-term success.
In the upcoming section, we’ll compare the features and pricing of all seven tools to help you make an informed decision.
Feature and Pricing Comparison
Here’s a side-by-side look at accounting software options tailored for Indian startups, highlighting features, pricing, and ideal use cases.
*Pricing may vary based on features and business requirements.
Key Differentiators
Integration & Scalability
Zoho Books and QuickBooks Online stand out with extensive third-party integrations and the ability to scale with growing businesses [2].Industry Focus
Tally.ERP 9: Best for manufacturing businesses
Marg ERP 9+: Designed for retail operations
Gen GST: Ideal for businesses prioritizing tax compliance [4]
Support Options
Zoho Books: Offers detailed documentation and guides
QuickBooks: Backed by a global support network
Local Solutions: Regional language support for tools like Vyapar [1]
Cost vs. Features
For startups with specific needs:
GST Compliance: Opt for Gen GST or Zoho Books
Global Operations: QuickBooks Online is a strong choice
Offline Functionality: Vyapar is a reliable option
Manufacturing Requirements: Tally.ERP 9 fits the bill
Select based on your team size, transaction volume, and industry focus.
Conclusion
For Indian startups navigating GST regulations and managing growth, picking the right accounting software is a key step toward smoother operations. Each platform brings its own strengths, catering to various business needs and growth phases.
Cloud-based tools like Zoho Books and QuickBooks Online stand out with features like automated compliance and real-time collaboration, making them a strong fit for modern startups. Budget-conscious businesses might consider options like Vyapar's free version, while those looking for scalability can explore Munim. For manufacturing and retail, platforms like Tally.ERP 9 and Marg ERP 9+ provide tailored support.
As startups expand, integration features become more important. These help streamline workflows and ensure compliance, turning accounting software into a broader business management tool.
When selecting accounting software, focus on:
Transaction volume and future growth plans
Industry-specific compliance requirements
Team size and collaboration needs
Compatibility with existing business tools
The right software minimizes compliance risks, supports growth, and lays the groundwork for efficient operations.
Looking for the best accounting software for your Indian startup? Here's a quick guide to help you choose. Managing finances and staying GST-compliant can be challenging, but the right tools can simplify everything. Below, we list the top 7 accounting software options tailored for Indian startups, highlighting their key features, pricing, and ideal use cases.
Top Picks
Zoho Books: Great for GST compliance and automation. Free for startups under ₹25 Lakh revenue.
Vyapar: Offline-friendly with invoicing and inventory tools. Free basic version available.
Munim: Mobile-first with GST filing and payment integrations. Starts at ₹999/month.
Tally.ERP 9: Advanced customization for complex needs. One-time license at ₹18,000.
Marg ERP 9+: Affordable, GST-focused for retail and distribution. Starting at ₹999/month.
Gen GST: Specialized for GST compliance. Starts at ₹999/month.
QuickBooks Online: Globally recognized with automation and multi-currency support. Starts at ₹4,999/month.
Quick Comparison Table
Each tool offers unique strengths, from automation to offline functionality and GST compliance. Read on to find the one that fits your business needs.
Zoho Books Vs Tally Prime | Best Accounting Software for Small & Medium Business
1. Zoho Books
For Indian startups dealing with GST requirements and scaling challenges, Zoho Books offers a practical solution. This accounting software simplifies tax compliance with automated GST filing (GSTR-1, GSTR-3B, GSTR-4, GSTR-9) and e-invoicing. Its user-friendly platform is designed to make financial management easier for business owners.
The software is also budget-friendly. Startups earning less than ₹25 Lakh annually can use its free plan, while paid plans start at ₹1,249 per month for the Standard package [1].
Here’s how Zoho Books extends its functionality with integrations:
Payment Gateways - Razorpay, PayPal, Paytm
Automation Tools - Zapier
Business Apps - Full Zoho Suite
The platform supports multiple currencies and offers connected banking, making it a great choice for startups with global ambitions. It can automatically track expenses, create detailed financial reports, and present visual insights through graphs [2].
Zoho Books also minimizes manual work with features like recurring transaction automation and reconciliation. Its cloud-based access ensures secure, on-the-go financial management, aligning with the demands of modern work environments [1].
For better financial oversight, Zoho Books provides real-time tracking of cash flow, expenses, and receivables. Customizable dashboards offer quick views of key metrics, enabling founders to make informed decisions faster [2].
While Zoho Books stands out in automation and compliance, other tools might better address certain specific startup needs.
2. Vyapar
Vyapar is an accounting software tailored for Indian startups, offering a mix of simplicity and powerful tools. Its offline functionality makes it especially useful for businesses in areas with limited tech infrastructure or internet access [1].
Vyapar makes GST compliance easier by automating calculations and return filings, covering forms like GSTR-1, GSTR-3B, GSTR-4, and GSTR-9 [3]. Here’s a quick look at its main features:
With tools for ledger and account management, Vyapar simplifies record-keeping. Its user-friendly interface allows startups to focus on growing their business rather than wrestling with complex accounting processes [3]. This ease of use makes it a practical choice for those aiming to streamline operations without a steep learning curve.
Vyapar provides a free plan for basic requirements, while its paid plans remain budget-friendly for startups seeking advanced features [1]. The software supports both desktop and cloud access, giving businesses the flexibility to manage their finances from the office or remotely. Plus, its customer support and tutorials help users get the most out of the platform.
Vyapar’s reporting tools offer actionable insights, helping startups evaluate their financial health and uncover growth opportunities [1]. While it’s a strong choice for affordable and easy-to-use accounting, alternatives like Munim might suit startups with more specific needs.
3. Munim
Munim is an accounting platform designed specifically for Indian startups, trusted by over 15,000 businesses. It simplifies financial tasks and ensures GST compliance with user-friendly features like:
The results speak for themselves: 90% of users report lighter accounting workloads, and some startups have seen efficiency improve by as much as 70% [1].
Munim also integrates seamlessly with e-commerce platforms and payment gateways, cutting down on manual data entry. This connectivity, paired with reliable customer support, helps businesses tackle their accounting needs with ease [2].
Its cloud-based system allows secure, remote access - perfect for startups with distributed teams. Data remains safe while being accessible from multiple locations [1].
While Vyapar is a great choice for offline needs, Munim shines in its online features and automation. And while Munim focuses on ease and scalability, the next option, Tally.ERP 9, is better suited for those needing advanced customization for complex financial operations.
4. Tally.ERP 9
Tally.ERP 9 is a leading choice for Indian accounting software, particularly recognized for its GST compliance features and financial management tools. It simplifies GST-related tasks with real-time validation checks, reducing errors in e-invoicing and e-way bill creation - key benefits for e-commerce startups.
Tally.ERP 9 is priced at ₹18,000 for a one-time purchase or ₹600/month for rentals. Its error detection ensures precise tax calculations, while the automated GST filing system includes built-in validation to avoid compliance issues.
Although users may need training, Tally.ERP 9 offers extensive customization options to match business needs. Reports, invoices, and workflows can be tailored to fit specific operations. The software also integrates with banking systems for automatic reconciliation and payment processing, cutting down on manual tasks and reducing errors.
Compared to cloud-based tools like Zoho Books or Munim, Tally.ERP 9 excels in offline functionality and advanced customization, making it a strong choice for businesses with complex financial requirements. However, new users should be prepared to invest in professional training to fully leverage its features.
For startups with intricate financial needs, Tally.ERP 9 is a solid option. That said, Marg ERP 9+ might be a better fit for businesses looking for a more budget-friendly and versatile solution.
5. Marg ERP 9+
Marg ERP 9+ is an accounting tool designed to meet the needs of Indian startups, offering a mix of GST compliance features and affordable pricing. It caters to various industries, such as retail and manufacturing, with a focus on local tax regulations.
The platform's cloud-based system allows startups to securely access financial data from anywhere, making it ideal for distributed teams or businesses managing growth. This is especially helpful for inventory-heavy industries like retail and manufacturing.
Marg ERP 9+ includes an automated GST compliance system with built-in validation checks to reduce filing errors. It also provides real-time updates to keep businesses aligned with the latest GST rules, which is particularly useful for startups without in-house tax experts.
Startups can choose and pay for only the features they need, offering flexibility as their business grows. Integrated inventory management tools ensure accurate stock tracking and smooth tax calculations.
Although it lacks the global reputation of tools like QuickBooks or Zoho Books, Marg ERP 9+'s focus on Indian tax laws and business practices makes it a smart option for startups operating in India. Regular updates ensure the platform evolves alongside changing GST requirements.
For startups purely focused on GST compliance, the next option, Gen GST, provides specialized tools tailored for tax management.
6. Gen GST
Gen GST is designed to streamline GST filing and simplify compliance for Indian startups. It provides specialized tools for managing taxes while also supporting essential financial tasks. Its features cater specifically to businesses dealing with India's intricate tax system.
The software's user-friendly interface makes it accessible even for those with minimal accounting knowledge. Features like automated validation checks and real-time updates help ensure accurate filings and compliance with the latest GST regulations, reducing the risk of mistakes.
Gen GST works seamlessly with platforms like Razorpay, Tally, and major banking apps, offering a centralized system for both tax compliance and daily business operations. Pricing starts at ₹999 per month for basic plans, with enterprise-level options available for larger businesses [1].
Key Benefits
Real-time updates on regulatory changes
Robust audit trail maintenance
Effective tracking of GST amendments
Multiple support options, including email, voice, and chat
While Gen GST stands out for its GST-specific features, its overall functionality is narrower compared to all-in-one tools like Tally.ERP 9 or Zoho Books. However, its targeted approach is ideal for startups focused on tax compliance.
For those needing a broader, internationally recognized solution, QuickBooks Online might be a better fit.
7. QuickBooks Online
QuickBooks Online is a globally recognized accounting tool tailored to meet the needs of Indian startups. It combines international standards with features designed for local requirements, making it a practical choice for businesses navigating GST compliance and other financial tasks.
QuickBooks Online offers plans that cater to startups at various stages of growth, from early ventures to more established businesses needing advanced tools.
The platform is particularly effective at automating repetitive tasks. Features like Smart Receipt Capture allow users to scan and digitize receipts instantly, while Automated Payment Reminders help manage cash flow efficiently. It also integrates smoothly with essential business tools, including payment gateways and e-commerce systems, ensuring all financial data stays connected.
For entrepreneurs on the move, QuickBooks Online's mobile apps are a game-changer. They allow users to handle invoicing, track expenses, and monitor cash flow from anywhere, making it ideal for busy startup founders.
Although its pricing may be higher than some local alternatives, QuickBooks Online justifies the cost with its extensive features, regular updates, and ability to scale alongside your business. Its automation tools and strong reputation make it a smart option for startups aiming for long-term success.
In the upcoming section, we’ll compare the features and pricing of all seven tools to help you make an informed decision.
Feature and Pricing Comparison
Here’s a side-by-side look at accounting software options tailored for Indian startups, highlighting features, pricing, and ideal use cases.
*Pricing may vary based on features and business requirements.
Key Differentiators
Integration & Scalability
Zoho Books and QuickBooks Online stand out with extensive third-party integrations and the ability to scale with growing businesses [2].Industry Focus
Tally.ERP 9: Best for manufacturing businesses
Marg ERP 9+: Designed for retail operations
Gen GST: Ideal for businesses prioritizing tax compliance [4]
Support Options
Zoho Books: Offers detailed documentation and guides
QuickBooks: Backed by a global support network
Local Solutions: Regional language support for tools like Vyapar [1]
Cost vs. Features
For startups with specific needs:
GST Compliance: Opt for Gen GST or Zoho Books
Global Operations: QuickBooks Online is a strong choice
Offline Functionality: Vyapar is a reliable option
Manufacturing Requirements: Tally.ERP 9 fits the bill
Select based on your team size, transaction volume, and industry focus.
Conclusion
For Indian startups navigating GST regulations and managing growth, picking the right accounting software is a key step toward smoother operations. Each platform brings its own strengths, catering to various business needs and growth phases.
Cloud-based tools like Zoho Books and QuickBooks Online stand out with features like automated compliance and real-time collaboration, making them a strong fit for modern startups. Budget-conscious businesses might consider options like Vyapar's free version, while those looking for scalability can explore Munim. For manufacturing and retail, platforms like Tally.ERP 9 and Marg ERP 9+ provide tailored support.
As startups expand, integration features become more important. These help streamline workflows and ensure compliance, turning accounting software into a broader business management tool.
When selecting accounting software, focus on:
Transaction volume and future growth plans
Industry-specific compliance requirements
Team size and collaboration needs
Compatibility with existing business tools
The right software minimizes compliance risks, supports growth, and lays the groundwork for efficient operations.