Top 10 List of Accounting Software for 2025: For Startups & SMEs

Being a business owner, it may seem like you are juggling flaming swords on a unicycle trying to manage your business finances. With one wrong move, everything will collapse. 

No one likes to live in constant fear of making a mistake that can be a financial catastrophe. Being a startup, a small or a growing business, you require trustworthy software that will help you to make the accounting process much easier and get rid of those sleepless nights in front of spreadsheets.

However, the difficulties do not end here. From making sure to staying compliant with changing tax regulations and filing accurate GST returns to handling complex billing processes and managing inventory, it seems to be something to be concerned about. Then, you have the pressure of producing timely and accurate financial reports to make your stakeholders happy.

But here’s the kicker: With hundreds of options out there, how do you choose the best accounting software in India that suits your needs? We have done the heavy lifting here for you. We will walk you through the list of accounting software in India, which will help you to make your accounting very easy and accurate and help your business to be like a well-oiled machine. From automation features to cloud-based solutions, we have covered the most used accounting software in India that has taken the market by storm. 

Are you ready to make the best decision in your business? Keep reading!

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.

Top 10 Accounting Software in India for 2025

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. 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

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

2. 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

Features:

• Financial management
• Inventory tracking

Pros:

• Easy to use
• Reliable customer support

Cons:

• Can be overwhelming for small businesses with limited accounting needs

3. 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
• Affordable pricing

Pros:

• Low-cost, easy-to-use solution
• All-in-one accounting and billing solution
• Excellent customer support

Cons:

• Limited features compared to more expensive ERP systems

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

Pros:

• Great for businesses with large inventories

Cons:

• Can be more complex for smaller businesses
• Some features may require additional training

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)

Pros

• Ideal for small businesses and shop owners
• Syncs easily between mobile and desktop

Cons

• Limited features in the free version

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

Pros

• Specialized tools for niche industries

Cons: 

• Not as suitable for businesses outside the specialized sectors

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

Pros:

• Simple invoicing and inventory management

Cons:

• Lacks advanced reporting tools for larger businesses

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

Pros:

• Simple and user-friendly

Cons:

• Limited customization options

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, payroll, and CRM

Pros:

• Ideal for medium to large businesses

Cons:

• Complex interface and setup

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

Pros:

• Simple and easy-to-use interface

Cons:

• Can be too basic for complex business needs

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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.