With the free accounting software, you will be able to manage and maintain your accounts. The Indian Tax Department has started a new process for collecting Gst by filing your GST online tax return. Filing of GST Return Online is mandatory for all registered businesses. You have to register yourself by going on the official website of taxation (www.gst.gov.in) where you have to furnish many details about your business, like your income tax registration number, and other details related to your business identity. After giving these details you are asked that how you will file your GST tax return, by opting for paper-based filing or electronic filing process by entering a unique pan number which they provide at the time of registering the GSTR-1 form. Then they will give you a link to the GST portal where you are required to log in using that same user name and password which they provided while registering yourself on the official website of taxation (www.gst.gov.in).
Get your free accounting software with GST. India’s best accounting software for small businesses is from KSBSBS. Our Free accounting software offer is applicable to both new and existing users. With several tax benefits, GST is One of the most comprehensive indirect tax reforms in the country’s history. Let us help you learn it easily with our user-friendly GSTR Web-based GST Accounting software.
HDPOS Smart
Best for: GST billing software for small businesses struggling to file GST returns as per the government rules
Small and mid-sized businesses in India across the retail sector rely on HDPOS Smart retail billing software to manage key business functionalities. With HDPOS software, you can manage processes related to sales, inventory, purchase, suppliers, taxation and financial accounting.
HDPOS retail billing software also helps streamline manufacturing processes with CRM, barcode printing and BOM (Bill of Material). Along with retail shop owners, HDPOS retail software is also used by those running a garment store, sports shop, electronic store, bookstore, etc.
HDPOS Smart Features:
- Integration with secure payment gateways
- Provides intelligence to view sales trends and customer behaviour
- Helps create customized invoices with brand logo and barcode stickers
- You can manage billing, stock handling and reporting through its mobile app
- It also helps with inventory, purchase and supplier management
- You can keep track of stock transfers, stock in transit, franchise business, etc.
- You can manage customer details and retain them through offers, promotions and loyalty programs
- It allows managing multiple retail locations through a single system
- Integrates with all major barcode scanners and point of sale machines
HDPOS Smart Pricing: HDPOS Smart software is available at ₹13,000 for a single computer per annum. You can also get this software for your client server at ₹25,000 per annum and a cloud set for ₹17,500.
Vyapar
Best for: Inventory management and GST billing software as approved by the government of India
Vyapar is a user-friendly free GST accounting software, which also aids in invoicing, and billing. The GST compliant software is suitable for small/medium business enterprises and is primarily used for doing automated tax calculations, invoice generation, looking after POS machines and creating financial reports.
It also helps business owners file their GST returns and manage client data.
Features of Vyapar:
- Invoicing
- Customer Management
- Financial Management
- Budgeting
- GST Compliant Taxation
- Mobile Support
- Email Integration
- POS invoicing
- Inventory Management
- Recurring invoice
- Barcode Integration
- Expense Tracking
Price to Upgrade:
Vyapar is a lifetime free GST billing software with all the basic tools. Vyapar also provides a free android mobile app including dedicated support. The premium account starts from ₹99 per month while its lifetime package costs a one-time fee of ₹4899 and comes with support and free updates.
ClearTax
Best for: Validating data while filing GST returns as per the government norms.
ClearTax is one of the best GST billing software for free GST billing, return filing & inventory management. It also helps in creating customised invoices with the individual business’ logo.
It is a complete GST filing software with state-of-the-art updates so that the tax deducted during billing is not inconsistent. ClearTax is easy to use and is compliant with the latest Government GST regulations.
Features of ClearTax:
- Billing & Invoicing
- Audit trail
- Inventory management
- Tax management
- Dashboard
- Sales tax management
- MIS Reports
- Reporting
- Data security & accuracy
- Collaborate
- VAT / CST / GST Reports
- GST
- Email and SMS alerts
Price to Upgrade: This free GST billing software provides free trial with modules for invoice generation and receipt management. Its Business Edition comes with features for calculating GST, managing up to 200 transactions per month, reporting balance sheet management and much more, at ₹6999.
Freshbooks
Best all-rounder for small businesses
TODAY’S BEST DEALSFreshBooks LiteUS$15/mthFreshBooks PlusUS$25/mthFreshBooks PremiumUS$50/mthVISIT SITEat FreshBooks
REASONS TO BUY
+User-friendly interface+Plenty of depth and features+Integrates with many popular services
REASONS TO AVOID
-Too many features for some-Complex features need time-More costs for more features
FreshBooks is a popular cloud-based accounting service designed specifically for small business owners.Advertisement
The package has plenty of features – invoicing, expense tracking, time tracking, a host of business reports, even an option to take credit card payments – and a straightforward interface aimed at non-accountants ensures you’ll be up-and-running right away.
Despite the simplicity, there’s real depth here. You can bill in any currency, save time by setting up recurring invoices, allow customers to pay via credit card by checking a box, and even automatically bill their credit card to keep life simple for everyone.
If you need more power, the system integrates with many other services, including PayPal, MailChimp, Basecamp, WordPress, Gusto, Zendesk and more.
Management hassles are kept to a minimum. You’re able to access and use the system from your desktop or its free iOS and Android apps, and because it’s a cloud-based system there’s no need to worry about backups.
If this sounds appealing, you can try FreshBooks for 30 days without using a credit card.
QuickBooks Online
QuickBooks Online is the best overall accounting software for small businesses of those reviewed. Not only do the majority of small business accounting professionals use QuickBooks Online, but there are also endless online training resources and forums to get support when needed. All accounting features can be conveniently accessed on one main dashboard, making bookkeeping more fluid and efficient.Pros
- Scalable
- Commonly used by accounting professionals
- Integration with third-party applications
- Cloud-based
- Mobile app
Cons
- Upgrade required for more users
- Occasional syncing problems with banks and credit cards
Intuit’s QuickBooks Online has been the most common accounting software used by small businesses and their bookkeeping and tax professionals. The software is cloud-based and can be accessed through a web browser or through the mobile app.
After the 30-day free trial, the four options for subscription plans include: Simple Start at $25 per month, Essentials at $40 per month, Plus at $70 per month, and Advanced at $150 per month. Typically there is a significant discount offered for the first few months, and some accountants are able to offer wholesale pricing to small businesses, as well.
The monthly subscription for this software can be upgraded as a business grows, and there are many customization options with the mobile app that can be used to receive payments, review reports, capture an image of a receipt, and track business mileage. For businesses looking for a payroll solution, QuickBooks Payroll fully integrates with QuickBooks Online.
Each plan offers more advanced features like inventory management, time tracking, additional users, and budgeting. Most service-based small businesses will find that Simple Start meets all of their needs. For product-based small businesses, Essentials or Plus will have more options for inventory and customizations. The Advanced subscription is a new offering and provides robust financial reporting that is powered by Fathom. Fathom is an elite online financial report analysis tool used by many large companies all over the world.
All plans allow integration with third-party apps such as Stripe or PayPal. QuickBooks Online’s app store breaks down all of their apps by function and provides helpful examples of the benefits of each app.
Conclusion
Accounting software has several features like stock management, debtors and creditors, cash flow, etc. that is why it is important to keep track of your sales and expenses while minimizing the risk of error that might arise while writing entries manually.