India’s No. 1 Online Accounting Software for Small Business

While starting a business, online accounting software is one of the first applications that you need to get. Every business has got a specific need that determines the type of accounting software your business needs. The best accounting software helps to record payments create invoices, run reports, and many such aspects associated with the business. A small business that requires basic reporting capabilities and invoicing does great with cost-effective cloud-based accounting software.

A small business is the one that has the capability to use out-of-the-box software without the need for any excessive customization. However, it is difficult to find out the best online accounting software that can provide you with the best result. Hence, in this article, you will get to see the different features, benefits, and the top 5 online accounting software India that can help you to choose the best.

 

Key features of Online Accounting Softwares

 

Accounting software helps to decrease the time that is spent on data entry by allowing the users to sync their credit cards and bank accounts with the software. There are many features that each accounting software offers. But to opt for the best online accounting software India, you need to go through the below features.

 

• Automatic payment reminders 

 

This is a great feature that enables a reminder for the customers regarding the payments that are due or the upcoming payments. Some accounting software has a sample email to be sent that can be customized. You can choose the right time when the reminders are to be sent.

 

• Billing based on projects

 

Accounting software helps freelancers, consultants, and firms track the budgets and tasks of the project they have been working on. In order to get this feature, you may need to pay or subscribe to any top-tier plan.

 

• Bank Reconciliation

 

The best software helps in suggesting the possible matches as the reconciliation of your accounts takes place. A smart reconciliation tool optimizes the work by identifying the possible matches between the invoices or the bills and the transactions of the bank.

 

• Online Invoicing

 

Sending invoices helps in emailing and accepting online payments faster. This is a plus feature for accounting software as it also serves as an invoice generator.

 

Benefits of associating Online Accounting Software with Small businesses

 

For the success of every business, managing the finances is very important. For this reason, choosing the best accounting software also becomes very essential. There are many benefits that accounting software provides to every small business. Some of them are mentioned below.

 

• It ensures the best practices

 

Tax plays a huge role in running a small business. So, the accounting software is designed in such a way that can calculate the tax, file taxes, and also prepare tax forms.

 

• It improves organization

 

Small businesses often face the difficulty of not having their finances in proper order. When you need important information like the last date of paying the tax bill or forecast for the next year, it will be difficult for you to get these because of the unorganized way. Here comes the accounting software. The small business accounting software India will help you to stay organized by storing all the information in one particular location and automating the accounting processes that take time.

 

• It is cost-effective

 

Due to the cloud-based offerings, the prices of accounting software have reduced immensely over the period of time. Nowadays, small business owners are left with many choices. The size of your business will determine the price of the accounting software you are ready to pay. Analyze if the software you choose can optimize your cash flow, identify the growth opportunities, and meet the obligations of tax. If your software allows these benefits, then putting up a heavy price for the accounting software is worth it.

 

Which is the best small business accounting software?

 

There are various small business accounting software that can help to boost your business. However, according to various researches, Easy GST is the #1 accounting software that you may opt for. It is easy to use and built in a way that can benefit a huge variety of users. It has got great extensibility and flexibility. Never go for expensive software thinking it may give a quality result. Always choose software depending on the requirements of your business. Here are the top 5 small businesses accounting software in India that can help you to choose the best depending on your business.

 

• QuickBooks (Best for SMBs): It is one of the best online accounting software due to its excessive extensibility and flexibility. It is designed in a specific way to help the users easy to handle it.

 

• Easy GST (Best for new entrants): This is the best online accounting software you must opt for as it makes invoicing easier with a simplified control. The easy features of this application helps the user to boost their business in a small amount of time.

 

• FreshBooks (Best for very small businesses): FreshBooks offers a great double-entry accounting experience which is responsible for supporting the expenses, invoices, projects, and also tracks time. This is the best online accounting software for freelancers and very small businesses.

 

• Zoho Books (Best for Mobile Access): This is one of the best choices if you are opting for small business accounting software because it offers great tools and an extraordinary user experience at an attractive price. Large businesses can also opt for Zoho Books.

 

• Xero (Best for Integrated Add-Ons): This software has got strong account reconciliation, purchase transactions, sales, project tracking, and data imports. It is an excellent choice for small businesses because of its recent improvements in the setup process.

 

Conclusion

 

Now you know the key features and the benefits that #1 accounting software will have. Easy GST has got a simplified control and hence makes it beneficial for all types of small businesses. You must always choose an accounting software based on the type of business you are acquiring. While evaluating the software, keep in mind the essential features that are mentioned above. Visit https://www.easy-gst.in/ which is the best small business accounting software India and grow your business to earn maximum profit.

What is Invoicing Software – Guide to Using Invoice Software for Business Success?

 Online Invoices is a web service that simplifies the way business manage and monitor their sales, generate invoices, receive and track payments, and many more.

Invoicing software that means an accounting features that automatically generates billing for rendered services and products.

Why online invoicing Software for your Business?

Easy GST Online Invoice Software is a truly powerful features that automates your recurring invoicing process. Here is a look at why you need to have online invoicing software.

1. Simplifies the process and reduces costs: Easy GST Online Invoicing Software in India is a truly best solution that helps you automate invoicing tasks that you may have previously had to do manually. It is also allows you to use your company’s logo when sending customized notification and emails.
2. Invoices can be converted into PDF files: With this Easy GST Online Invoicing Software, you and your clients will not have to rely on paper-based invoices. Easy GST accounting software automatically generates a e-copy and helps you send the file by email as well.
3. Follow-up Reminders: Business owners frequently need to follow up with different clients for payments. With Easy GST Online invoicing software can send follow-up reminders directly through the automated settings on the software.
4. Improves Cash Flows: Easy GST Online invoicing Software can be of immense help here since it helps you accelerate the entire invoicing process and bring the payments due quickly.
5. A lot less paperwork: The problems with traditional invoicing is that it can be take up a lot desk space. You will also have easy and fast access to all your invoices as an when you need all them.

Process of Online Invoice

An online GST invoice software works by way of using a database that is built into the system to pull out unbilled work items. The software has the capacity to separate between unbilled items and invoices.

Once you have created the invoice online, you can send it to your clients through the software, by email, or post it or courier it to them, based on the agreement you have with your client.

Features of Easy GST Invoicing Software

Easy GST Online invoicing software not only helps companies manage and generate invoices online but also helps with things like client management, vendor management, staff management, project management, inventory management, and credit note management, among other things.

1. Invoice Management: Easy GST online accounting software helps with invoice management, which is lower costs, improves visibility and increases the efficiency of an organization’s operations.
2. Financial Forecasting: The software can also help streamline your business finances. The software can give you some very useful perceptions and help you keep an eye on the revenues, overheads, expenses, and the overall growth of your business.
3. Expense Management: expense management features also provides companies an easy way to analysis cash flow, profits and losses.
4. Time Tracking: all your hassles regarding time tracking is eliminated since the software helps businesses bill their exact minutes efficiently.
5. Multi-Currency Support: Easy GST software also offers multi-currency support, so your company is not restricted to a particular region and can grow internationally.

Let’s come and register in our software for using 7 days free trial to know more about online accounting software with all new features.

Advantages of using Proforma Invoices

 What is a proforma invoice?

A proforma invoice is an initial sales invoice that a company sends to sellers in advance of the goods or services delivery or transfer. This type of invoice declares the description, value, quantity, shipping information, and payments for the products or services that will be bought.

Proforma invoices are sent out before the sale is completed. The purpose is to formalize the contents of the order and to give both buyer and seller an estimate of what the delivery contains and what it’s worth.

Advantages of a Proforma invoice

The main advantage of a proforma invoice is that as it is not a finalized sales invoice and you don’t need to revise it if there are changes to the goods or services you deliver.

When items may be damaged in transit:

If items are damaged when received, you’d typically have to send your customer an against the original invoice. With a proforma invoice, you can make any necessary adjustments and then turn your proforma invoice into a full sales invoice.

When customers may change their order

When a customer recompenses their order after a delivery has been sent out, your invoice will be incorrect and would need to be re-raised. A proforma invoice can simply be restructured and converted to a full invoice.

When project scope may increase

If you’ve quoted to deliver a service and discover that more work will be needed than you estimated, you’d need to send out additional invoices. By using proforma invoices, you just finalize the sale once the full scope is confirmed.

How to issue proforma invoices

To issue a proforma invoice, you’ll need to include such fields and pieces of information, so your customer can quickly understand the nature of the invoice.

A proforma invoice will generally include:

• Your company name, logo, and address
• Current date and expiration date for the proforma
• A list of the products/services sold
• Quantities of each item in the order
• Prices for each item on the list
• Any applicable tax rates and the tax amount
• The total amount that the buyer will need to pay
• Your payment details

Mainly, your proforma invoice doesn’t have an invoice number, as it’s not a finalized sales invoice. The sale will only be counted into your accounts under sales revenue once the proforma invoice is converted into a regular invoice.

Contact us and get a free trial now!
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📩 sales@easyaccountax.co.uk

5 Common Invoicing Mistakes you can Avoid Using Online Accounting Software

 Now a days, each and every small or large business owner has to deal with the delayed payments.

Delays on payment could be your fault for some reason such as, sending late invoices, not added invoice number, not mentioned payment due date or even not sending proper invoices and many more.

Easy GST accounting software helps you to avoid common mistake while preparing the invoice from online accounting software.

1. Sending Late Invoices: Sometimes business owners are get busy so they forgot to send invoices or send them later. While you using our Easy GST invoicing software, our software can automatically send invoices to third party.
2. Not Added Invoice Number: sometimes business owners are forget to add invoice number in the invoice. But Easy GST accounting software automatically generate sequential invoice number.
3. Forget to Currency Conversions: sometimes business owners are doing business in worldwide and forget to convert currency for specific country. In our software you can generate multi-currency invoices to just simple a click.
4. Failing to Mention Payment Due Date: when you are in hurry and preparing invoice manually, sometimes you forget to add payment due date in the invoice. So the clients makes delayed payments.
5. Not Sending a Professional Invoice: sometimes business owners are not sending proper invoice format to the customers or clients. We provides professional invoice format including, company logo, registered address, contact details and many more you can customize invoice as per your requirement.

Let us start using our Easy GST complete business accounting software for your small or large business. Try 7 days free now to explore accounting software.

How Cloud Accounting Helps businesses to Succeed

An on-premise accounting system, cloud accounting solutions to hosted on remote servers enabling you to access through the internet. Your financial and business data is sent to the cloud where it is processed and returned when required.

Cloud Accounting enables businesses to get real-time visibility into their internal operations and automate the financial processes. Let us look into the reasons why you should choose the best cloud accounting.

• Work from anywhere: A cloud-based accounting application allows business owners to manage their finances from anywhere using an internet-enabled device. Cloud accounting helps you keep track of your business operations, expenses or update records from anywhere.
• Collaboration with Multi-User Access: Cloud accounting makes the collaborative process convenient as an admin user can easily add several users while customizing their roles and responsibilities based on the user’s expertise. Also, you can edit permissions to allow the payroll team to access only access and make changes to payroll information, whereas accountants have access to accounting information.
• Paperless Accounting: Cloud-based software allows you to capture or scan receipts and record your expenses. You can store your invoices and receipts securely in the cloud so that you no longer have to concern about misplacing them or letting them pile up on your desk.
• Save Time with Accounting Automation: Automated accounting software helps businesses to automate their manual, repetitive accounting processes, including billing, invoicing, and transaction reconciliation – all from a single platform.
• Data Protection: Most accounting software powered by cloud technology employs bank-level data security to protect your financial data round-the-clock and curtail unauthorized access. Moreover, with automated back-ups and restoration, you never have to worry about losing your data, even when there are any potential security threats.

At Easy GST Cloud Based Accounting, help you to take control of your business finance by putting the perfect blend of accounting expertise and latest technologies into work.