Top 10 List of Accounting Software for 2026: For Startups & SMEs
AuthorMehul Jagwani
Reviewed ByCA Ajay Savani
In this blog we will walk you through the list of accounting software in India, which will help you to make your accounting very easy and accurate.
Managing business finance in 2026 and beyond is not just about bookkeeping. Nowadays, businesses operate in a fast-paced environment where compliance is getting stricter, thus there is growing need for real-time reporting, and cloud-based accounting solutions. Thus, choosing the right accounting software has become an important part of a business.
To help you choose the right accounting software, we have curated a list of top 10 accounting software for 2026 and beyond. This list is particularly suited for startups and MSMEs, focuses on affordability, scalability and compliance readiness.
Top 10 Accounting Software in India for 2026
There are a number of accounting software available for businesses in India, but not all of them are worth subscribing to. Only a few of them stand out when it comes to features, user-friendliness, support and compliance. Here's a list of the top 10 accounting software in India:
1. Munim Accounting and Billing
Best for: Startups and small business
Munim Accounting and Billing is a low-cost and easy-to-use, best accounting software in India package that assists businesses in managing their accounts, invoices and inventory. It has a friendly interface, which makes it suitable for business owners who wish to do everything within a single solution.
Why it stands out:
- Affordable pricing
- Complete accounting solution
- Best customer support
Features:
- Accounting, invoicing, and inventory management
- GST-compliant invoicing and reporting
- 35+ financial reports
- Inventory management
Pros:
- Easy-to-use solution
- All-in-one accounting and billing solution
- Excellent customer support
Cons:
- Limited features compared to more expensive ERP systems
Reviews:
2. Zoho Books
Best for: Small businesses and freelancers
Zoho Books is a cloud-based accounting software that can easily integrate
with other Zoho applications. It provides such features as automated workflows, invoicing, and tracking payments. It also makes GST filing for India's businesses easy.
Why it stands out:
- Cloud-based for remote access
- Excellent reporting features
- Easy integration with other Zoho apps
Features:
- Cloud-based for remote access
- Automated workflows
- GST invoicing
- Financial reports and dashboards
Pros:
- Excellent reporting features
- Seamless integration with other Zoho applications
Cons:
- Limited integrations outside the Zoho ecosystem
- May require additional Zoho apps for full functionality
Review:
3. Tally ERP
Best for: Small and medium businesses
When it comes to accounting software, Tally is one of the most popular names in India. It offers a great number of features, such as GST compliance, financial management, and inventory tracking. Tally ERP 9 enables you to handle accounts, inventory, payroll, and taxation without any problems.
Why it stands out:
- Easy to use
- Reliable customer support
- Strong GST support
- Real-time updates for financial data
- Multi-user support
- Inventory and payroll management
Features:
- Financial management
- Inventory tracking
Pros:
- Easy to use
- Reliable customer support
Cons:
- Can be overwhelming for small businesses with limited accounting needs
Reviews:
4. Busy Accounting Software
Best for: Well-established business
Busy Accounting Software has all-around functions such as invoicing, GST-friendly reports, and inventory. It is appropriate for retail, manufacturing, and distribution businesses. It is also simple to deal with multi-location businesses.
Why it stands out:
- Good for businesses with large inventories
- Excellent reporting capabilities
- Supports multi-location businesses
Features:
- GST-friendly reports and invoicing
- GST compliance
- Advanced inventory management
- Payroll management
- POS
Pros:
- Great for businesses with large inventories
Cons:
- Can be more complex for smaller businesses
- Some features may require additional training
Reviews:
5. Vyapar
Best for: Shop owners and small businesses
Have you ever wished that you could check your accounts when you are waiting at the airport? Vyapar can do that through its mobile-first strategy. It is one of the most popular accounting software in India that is used by small businesses, particularly retailers and shop owners. Its free version is a great attraction to budget-constraint users.
Why it stands out:
- GST-compliant invoicing and inventory tracking.
- Syncs between mobile and desktop for on-the-go management.
- Offers mobile-only plan
Features
- GST-compliant invoicing and inventory tracking
- Mobile-first strategy (syncs mobile and desktop)
- Automated GSTR-1, 2B, and 3B reconciliation
- Automated data entry for ecommerce & stock purchases
Pros
- Ideal for small businesses and shop owners
- Syncs easily between mobile and desktop
Cons
- Limited features in the free version
Reviews:
6. Marg ERP
Marg ERP 9+ is a best accounting tool, which excels at one thing, and that is industry-specific accounting. It is customized to industries such as pharmaceuticals and manufacturing, so it is a great software in the list of the best 10 accounting software in India. Its superior features, such as GPS tracking of inventory, are a major advantage to niche businesses.
Why it stands out:
- Specialized tools for pharmacy and FMCG sectors.
- Supports auto bank reconciliation.
- Offers multi-currency accounting.
Features:
- GPS tracking for inventory
- Multi-currency accounting
- Inventory and stock management
- Multi-user access
- In-depth financial reporting
- GST support
Pros
- Specialized tools for niche industries
Cons:
- Not as suitable for businesses outside the specialized sectors
Reviews:
7. myBillbook
Best for: Shop owners and small businesses
myBillBook is developed keeping Indian SMEs in mind and provides an easy means of finance management on mobile or desktop. It is one of the most popular accounting software in India due to its cheapness and GST orientation.
Why it stands out:
- Easy invoicing and inventory management.
- No accounting knowledge is needed.
- Free tier available for basic features.
Features:
- GST-compliant invoicing and inventory management
- Available on mobile and desktop
- Real-time expense tracking
- Customizable reports
Pros:
- Simple invoicing and inventory management
Cons:
- Lacks advanced reporting tools for larger businesses
Reviews:
8. Refrens
Best for: Small and medium businesses
Refrens may not be as famous as Tally, but it is creating a niche of its own in terms of its simplicity and cloud-based capabilities. It is an all-in-one platform on the cloud that is rapidly becoming popular with freelancers, startups, and SMEs in India. It integrates invoicing, accounting, and GST compliance to make your operations easier. It is an automated and user-friendly accounting software that qualifies it as one of the leading accounting software in India.
Why it stands out:
- Automates GST-compliant invoicing, e-invoicing, and e-way bill generation.
- Integrates with platforms WhatsApp for seamless workflows.
- Offers free plan for basic features
Features:
- Cloud-based platform for accounting, invoicing, and GST compliance
- Profit & Loss, Balance Sheet, Trial Balance
- TDS and GSTR-2B reports
- Multi-business & user access
- Integrated payment gateway & reminders
Pros:
- Simple and user-friendly
Cons:
- Limited customization options
Reviews:
9. Vasy ERP
Best for: Large-scale enterprise
Vasy ERP is a comprehensive enterprise resource planning (ERP) package involving accounting, inventory management, payroll, CRM, and others on a single platform. It is aimed at medium and large companies, which need powerful, adjustable software to control various areas of their business. Vasy ERP is very common in the manufacturing, distribution, and wholesale trade industries.
Why it stands out:
- Strong support for large-scale operations
- Comprehensive reporting tools
- GST-compliant for easy tax filing
Features:
- Comprehensive ERP with accounting
- Inventory management
- Payroll management
- CRM
Pros:
- Ideal for medium to large businesses
Cons:
- Complex interface and setup
Reviews:
10. RealBooks
Best for: Medium and large-scale businesses
Real Books is an effective but simple accounting software that aims at simplifying financial management for businesses of any size. Real Books is the accounting software with a simple interface that can enable businesses to handle their accounting functions like invoicing, inventory management, GST submissions and financial reporting without the complexity of the larger ERP systems.
Why it stands out:
- Simple and easy to use:
- Customizable reports
- Cloud-based
Features:
- Customizable financial reports
- Cloud-based platform
- GST compliance
- TDS compliance
- Bank reconciliation
Pros:
- Simple and easy-to-use interface
Cons:
- Can be too basic for complex business needs
Reviews:
Why Do You Need Accounting Software?
You may be asking yourself, why not simply work on my accounts using spreadsheets or hire an accountant? Well, it may suit small companies, but as your company expands, the intricacies of your financial records expand as well. There are a number of advantages of accounting software:
Accuracy: It minimizes human errors; hence, your financial reports are accurate.
Time-saving: Automation of activities such as invoicing, tracking bills, and financial reporting is a time-saving aspect.
Compliance: Being GST compliant in India is important for any business. Good accounting software will make you aware of the current tax laws and will aid in staying compliant.
Scalability: The top accounting software in India is able to grow with your business as you expand and can provide advanced features without being replaced altogether.
Our Process of Accounting Software Selection
There are considerations to make when it comes to selecting appropriate accounting software to use in your business. This is how we picked out the best for you:
Pricing: We focused on the tools that provide competitive pricing so that you can make sure that you pay the price worth your money.
User Interface (UI): We were concerned about the user-friendly software, so it should not be a problem even for businesses to handle the finances without having accounting knowledge.
Customer Support: The tools that we chose have responsive and reliable support, and you can find assistance when you need it.
Such criteria will make sure that the tools we will recommend address the requirements of startups and SMEs effectively.
Discover More Related Blogs
Accounting Software for Restaurants
Top 5 Accounting Software for Ecommerce
5 Cost-efficient Accounting Software for Startups in India
The Verdict
Having learnt about the best accounting software in India, you are now in a position to make an informed decision concerning your business. In case you are still confused, we recommend you consider subscribing to Munim Accounting and Billing. It is the perfect solution whether you are a freelancer who requires easy-to-use invoicing tools or your business is growing and requires a full solution.
Take charge of your business finance with Munim Accounting and Billing- your all-in-one, stress-free accounting software.
Frequently Asked Questions on Top 10 Accounting Software
What are the best cloud-based accounting software options for small businesses in India?
For small businesses in India, some of the popular types of cloud-based accounting software are Munim Accounting & Billing Software, Zoho Books, and Vyapar. These tools support GST compliance, billing, expense tracking and financial reporting. Munim is particularly suited for startups and MSMEs due to its easy interface, GST-ready features, and easy access to the cloud.
What is accounting software?
Accounting software is a digital application that assists you in tracking your business resources at a single point. It is used in business activities such as billing, expenses monitoring, GST, and financial reporting. It automates day-to-day accounting instead of using manual registers or Excel sheets.
What are the features of computerised accounting software?
The computerised accounting software has features that include invoicing, expenditures, GST calculation, bank reconciliation, inventory control and financial reporting. It also assists in minimising errors, time-saving and real-time updating of financial records. Most of the tools are now cloud-based so that they can be accessed anywhere.
Which accounting software is used in India?
Accounting software that is popular in India is Munim Accounting and Billing Software, Tally, Zoho Books, and Marg. These applications are trendy since they facilitate Indian business needs. Small businesses and MSMEs favour Munim due to its easy interface and GST functionality.
Which accounting software offers GST compliance features suitable for Indian businesses?
There are a number of accounting softwares available to help with GST compliance for Indian business, such as the Munim Accounting and Billing Software, Zoho Books, Tally, and myBillbook. These softwares assist in GST billing, return preparation, tax calculations, and reporting in line with India’s GST regulation.
Image Source (Reviews): SoftwareSuggest
About the author
Related Articles
Explore the latest market news, useful resources for business, and Munim updates.
