Got yourself in the tricky situation of finding the best accounting software in Kerala for your company? From explaining the benefits of accounting software for small businesses to listing out a few available options, this blog would assist you in making the right decision.
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What is Accounting Software?
Accounting software is software that helps people or businesses manage their daily financial dealings. Using it you can manage or maintain up-to-date record of your assets in various categories, expenses, payable amounts to different parties, due money, etc. Most accounting software solutions offer additional features like analytical dashboards to help you get instant view of your accounts summary. For any company that wants to comply with statutory terms and ensures clarity in their financial dealings, a reliable accounting software is essential.
Benefit Of Accounting Software
Is Accounting Software automates your Business ?
You are absolutely correct if you think you can manage your business even without any software like we used to do in the early 1990s' even before industry computerization came into the picture. We did this in the 1990s' but why not now? The answer to this question is simple, over the years humans have developed greater demand in goods and services and computerization has become an unavoidable part of any Business in order to serve customers better.
But in this evolving market how are we going to manage our finances when you have so many tasks to take care of which are also an important part of your business. Here is when software automation plays a vital role in managing your accounts and finances. Your accounting and finances will be totally taken care of your Accounting Software while you focus more on your customers. Focusing more on customers means more sales and hence more profits.
Below find some of the notable benefits of using an accounting software in your business or for your personal expense management.
Serves as a General Ledger (GL):
A company engages in numerous financial transactions on a daily basis, and at the end of the day they all must tally. Acting as a general ledger (GL), the accounting software consolidates all financial transaction data into a single place.
Manages your subledger (AP and AR):
Accounting involves overseeing both cash payable and cash receivable, both of which fall under a company’s subledger. It is essential for the company to keep accurate records of both and ensure the release and receipts of payments on time. With the best accounting software in Kerala, you can ensure both.
For accurate cash flow management:
Businesses must ensure timely cash flows for their smooth operations. It is a huge responsibility that falls on the accounting department. By incorporating the right accounting software in Kerala, they can ensure that there aren’t any defaults to the clash flows.
For proper management of assets:
Company assets are prone to depreciation. To avoid the losses resulting from it, the assets need to be properly evaluated from time to time and subjected to timely or scheduled maintenance. The role of accounting software in ensuring this is immense.
For statutory compliance:
Are your company’s financial practices in compliance with the statutory regulations and rules prevalent in your geographical locality? If not, it can lead to non-compliance penalties. One of the coolest features of accounting software is their ability to assess the records and notify you of non-compliant errors.
Empowers proactive risk management:
While businesses are meant to generate profits, no business is free from risks. Hence, every business must remain prepared to face risks. How can they design the right strategies for proactive risk management? Accounting software plays a key role in helping you identify some of the major financial risks.
Helps management of cash collections:
Businesses can customize their accounting software to alert them of various cash collections, for instance, day sales outstanding, customer invoices, etc. By setting alerts, they can instantly get notified when there is any delay in the receipt of the due collection.
Ensure proper handling of company revenue:
To properly manage its revenue, businesses must have strategies about its pricing. While ensuring customer satisfaction, the products and services must reach them at both affordable and optimal pricing. By carefully following the trends and analytics from the accounting software, businesses can achieve this balance.
Offers intuitive reports and analysis:
In addition to doing the calculations and tallying, accounting software can help you get real-time insights into the major trends in your company’s accounts through their intuitive dashboards featuring reports and analytics.
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Which Software is Best for Accounting in Kerala?
The accounting software requirement for each business in Kerala varies depending on various considerations. For instance, the scope of usage, volume of transactions, number of systems the system needs to be installed, etc. Here are some of the popular choices.
Zoho Books:
If you are considering accounting software in Kannur or any other part of Kerala, Zoho Books could be your finest choice. It offers several useful features, for instance, invoicing, expense tracking, bank integration, etc., that could be extremely beneficial for your business. Besides its feature-rich premium plan, Zoho offers a free accounting software plan for limited usage needs.
Tally.ERP 9:
Tally has long been a popular choice as the best accounting software in Kerala among small and medium-scale businesses. Besides numerous features like inventory management, GST compliance, and payroll processing, Tally. ERP 9 supports offline usage, making it usable even without active internet 24/7.
Marg ERP:
Marg ERP is a popular option as accounting software in Kerala, especially among retailers and businesses that deal with supply chain management and distribution. Businesses can avail of multiple features through it for their day-to-day accounting requirements—inventory management, invoicing, billing, accounting, etc.
QuickBooks:
QuickBooks is equally fair as enterprise-level and personal accounting software in Kerala. As cloud-based accounting software, users can enjoy using it from anywhere. Some of the key features it offers include invoicing, accounting, billing, expense tracking, and management.
Busy Accounting Software:
One of the best parts of Busy Accounting Software is its extremely user-friendly interface. Even someone with minimal technical knowledge and accounting background can start using it and become a pro within a limited time. Key features that come with this comprise financial accounting, billing, inventory management, and GST compliance.
Why Do Businesses Increasingly Prefer Zoho Books Accounting Software in Kerala?
Since its launch in 2011, Zoho software for accounting has been among the favorite choices of businesses in Kerala. That it offers all the features that competitor software solutions offer with more compatibility for integration and cloud support makes it distinguished. Additionally, getting started with Zoho accounting software is quite easy, as businesses can quickly avail of the support of Zoho Book implementation partners for the same.
Get Started with Zoho Books Accounting Software in Kerala Today with Techtron!
As the number one Zoho Books implementation partner in Kerala, Techtron makes your transition both smoother and faster.
Factors to Consider While Choosing the Best Accounting Software in Kerala
Accounting software plays a very important role as far as your business is concerned. Whether your business is small or big, finance is the foundation of any business and if you are not able to manage your finance well, your problem starts there!
There are a few things you should be strongly considered while choosing accounting software for your business.
Ease of access:
The first thing to consider when choosing the best accounting software in Kerala is its ease of access. Cloud-based software solutions are widely recommended in this regard due to their easy accessibility from anywhere anytime.
Smooth invoicing:
Invoicing is the most widely used feature in accounting software. Whether your shortlisted accounting software can offer smooth invoicing is a key area that demands attention.
Compatibility with other applications:
Since you have to transfer your accounting data across other platforms, it is important to verify before purchasing an accounting software whether it is compatible with other applications you are using, for instance, payroll software.
Customization options:
The way that each business would utilize an accounting software varies from industry to industry. Check whether your intended software can be customized to meet your unique business demands.
Affordability:
Accounting software solutions are for the long-term. Expensive solutions may not be ideal if your business is a start-up. Check the price before making the purchase. Zoho accounting software price is relatively affordable.
User-friendly navigation:
Accounting software with simple and user-friendly navigation options will make it easy for employees to use it without much training and enable you to get started with it rather faster.
Uncomplicated data entry:
Since you will have to do a lot of data entry on the accounting software, for instance, billing and invoicing entry, entry for cash paid or received etc. the procedure for these tasks cannot be complicated.
Data protection:
While using a cloud-based accounting software for your business, data protection should come at the forefront of all your considerations. Data compromises can cost you serious damages like stain on your reputation, legal penalties and more.
Customer support:
No matter how careful you use the accounting software; they can be errors or technical glitches which demand expert intervention. If your accounting software does not offer customer support, it can affect your business operation.
Scalability:
Finally, make sure that you are considering accounting software that can scale with your business. Once you implement an accounting software, there shouldn’t be any reason to switch over to a different one just because of business scaling requirements.
By carefully looking into the aforementioned factors, you can inform your decision on choosing the best accounting software in Kerala.
Are you considering the implementation of Zoho books accounting software in Kerala? We got you covered. Contact us for help today!
Conclusion
Choosing the best accounting software in Kerala is one of the most important prerequisites for the success of your business. It can not only tally your expenses and revenue but also contribute to your business strategies, future investments, and more. We hope the factors discussed here to inform your choice will make your selection much easier. If you need any help with Zoho books accounting software in Kerala, feel free to connect with Techtron, the number one implementation partner for all Zoho products.
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