Affordable Billing Software for Small Business in India
In the current times in India, we are seeing the drastic change in the methods of billing from traditionally using pen & paper to digitally streamlining the financial and accounting tasks. Thanks to Prime Minister, Mr. Narendra Modi’s initiative of ‘Digital India’, a lot of businesses have witnessed surge in their digital payments through e-payment gateways and online payment portals. Read Other Useful and Related Service: e-Invoicing Software
As a small business owner, it may get a little hard for you to manage all your business operations while keeping track of the orders & at the same time send faultless invoice to your customers. We know that reliable billing software is essential for every business, small or large scale.
Since billing is the most crucial part in any business, it is necessary for the accountant to ensure that no errors occur while processing the bill for a customer & that the billing information is stored accurately. A perfect solution to get complete control of your business and its financial figures in real-time is billing software or invoicing software.
What is Billing Software?
A Billing Software or an Invoicing Software is correspondently used for billing or invoicing through a digital method.
Did you know there’s a difference between bill & invoice?
Basically, the seller raises an invoice. As that invoice reaches goes to the buyer, it becomes a bill. Furthermore, a few differences between bill & invoice are:
- A ‘Bill’ is:
- Used to collect money from the buyer owed to the business.
- Sent as payment reminders to customers.
- Printed on a paper.
- An ‘Invoice’ is:
- Used to track the cost of the goods sold to the buyers.
- Used to determine previous debts
- Used to set payments for commitments in future
- A form of an electronic document
To ensure that this whole billing and invoicing process does not become complicated and time-consuming, it is vital for a business to have the best chosen billing software in place. A Billing Software can help you to manage the business process and simultaneously manage billing and invoicing.
The software for billing can be beneficial for your small business in many ways like it automates the process of creating, tracking and processing invoices.
Once your company has been operating for a while, it could make more sense to purchase software as the annual costs of developing your own software will likely be higher than purchasing software from a third party.
Additionally, some manufacturers offer dedicated software for managing their supply chain. This software can help you manage your inventory, track products from design to purchase, and keep track of your invoices.
An accurate billing software aids you to identify and solve billing issues, maintain relationship with your customer and generate reports to analyse the business performance.
Billing software also sends alerts when the bills are due. Isn’t that amazing?
Packed with amazing features to efficiently manage your small business in India, here’s a list of top-rated cheap and best billing software in India:
- Marg ERP 9+ Accounting & Inventory Software
To stay on the top of your business, we highly recommend the fairly priced Marg ERP 9+. An affordable Indian billing software, it is one of the best GST invoicing software in the market with all the capabilities needed to run a small business as mentioned below:
- Lets you create GST invoices and bills
- Covers every aspect from Accounting to Balance Sheet
- Helps you handle complete inventory operations
- You can place orders directly through their e-business apps
- Customisable and flexible as per the business needs
- Covers almost every trade segment
- Offers multiple bank account management
- Helps you schedule advance payments
- Aids in collection management
- Provides 7 layer data protection
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Zoho Invoice
Our second pick on the best billing software in India is Zoho Invoice Billing and Invoicing Software. Allowing a smooth billing process for small business, it supports automation through integrations with more than 50 apps and services. Some of the features that we like about Zoho software are as follows:
- Supports multi-currency
- Integrated with online banking
- Supports taking payments using various payment methods
- Helps you in creating invoices and bills easily
- Manages expenses and inventory
- Manages accounting by automatically fetching bank transactions
- Allows you to get data of previous transactions and view the modifications made
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Tally Prime
Tally Prime Accounting Software is our top third choice on best billing software. Best known to manage multiple business functions like accounting, billing and banking, Tally Prime helps you to evaluate your company based on various parameters. A list of unique built-in features in this accounting software is pointed below:
- Syncs your books to bank statement
- Insightful data driven reports to get insights on your business performance
- Optimises cash flow to ensure timely client payments
- Provides bar code and QR code integrations
- Supports loans, bonuses and advance management
- Caters API to incorporate with other services
- Easy stock management
- Tax compliance
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Busy Accounting Software
A comprehensive business accounting management software, Busy is simple and easy to use billing software. Preferred by small and medium enterprise in India, Busy Software covers financial accounting, inventory management, billing and MIS Reports. As a small business owner, it may get a little hard for you to manage all your business operations while keeping track of the orders & at the same time send faultless invoice to your customers.
We know that reliable billing software is essential for every business, small or large scale. A few specifications that make Busy Software to our list of cheap and best accounting software in India are as follows:
- Full-fledged user-configurable billing
- Multi-location inventory management
- Multi company accounting
- Sale & Purchase Order Processing
- Party wise price structure for items
- Sale & Purchase Quotation
- Inventory, tax and accounting management
Conclusion
Most Indian Accounting Software for small business ensures to simplify the process of billing to customers, managing their invoice and track payments.
Using billing software in your small business will effectively and efficiently do wonders by saving time, managing your taxes, maintaining financial records, keeping track of inventory and so much more!! Read Other Useful Services: Best Supermarket Software: How To Choose One From Them
You can choose to select the most suitable software for accounting for your business by taking a 14 days free trial that they offer. All these best billing software for small business India share a same goal i.e. to make the billing process much accurate and efficient.
Lack of data backup facility is another drawback of most of the software available in the market. However, on many occasions, it becomes a major necessity to recover the lost data. Marg ERP has the provision of data backup also. You can be sure that there is no loss of data and you always have a backup of your data whenever you require it.
Both Tally solutions and Marg ERP Ltd have features of Bank reconciliation system in their software But as Marg ERP is associated with more than 140 banks its gives a wider option for businessman having accounts in different banks to make adjustment in their books so that their business statement remains intact and they can easily detect frauds and other issues with ease.
So, decide which features are vital to your small business and choose the best software to manage your business operations in the best way possible!