Top Accounting Software for Big Businesses in India: Handle Complex Finances Seamlessly

Managing the finances of large businesses is not easy. From handling voluminous transactions and budgets to ensuring compliance with constantly evolving tax regulations, the challenges can overwhelm even the most experienced people.

For big businesses in India, staying on top of financial operations demands precision, scalability, and efficiency. Manual processes or outdated systems can lead to errors, inefficiencies, and missed opportunities.

This is where accounting software for big business in India steps in. Designed to streamline financial workflows, these software have basic and advanced features like automated reporting, real-time data insights, and seamless integration with other business systems.

Whether it’s managing multi-currency transactions or generating in-depth financial analysis, the right software helps companies stay ahead of the market.

Key Features to Look for in Accounting Software for Big Businesses

Before you check the features of an accounting tool and decide that you don’t need one, check out these stats!

• Around 20% of small businesses struggle to last in their first year without accounting software.
• 64.4% of small business owners prefer to use software to manage their accounting.
• 67% of the accountants prefer cloud accounting.

These stats are a clear indication that accounting software is necessary for all businesses. Here are some top features that you should look for!

• Invoicing: Accounting software should have invoicing features, including creating invoices with tax, discounts, and payment details.

• GST Compliance: The software should have GST compliance features for automatic GST calculations based on the latest rates.

• Reporting: Software for a big business should have reporting features, such as balance sheets, cash flow reports, and profit and loss statements.

• Bank reconciliation: The software should seamlessly synchronise the bank transactions with the software, ensuring up-to-date financial records.

• Cloud-based accessibility: One of the best features of accounting software for big business in India is cloud accessibility. It ensures data access from anywhere and at any time.
• Inventory management: Accounting software should have the facility to track stock levels, manage purchases and sales, and generate inventory reports.

Top Accounting Software for Big Business in India

Based on the analysis of the essential features of accounting software, there are some software choices that rank on the top!

1. Mocha Accounting

By far, this is one of the best accounting tools on the market for big businesses. It is packed with all the essential features as described earlier. Besides, the software also supports multiple user access and powerful security features.

• Security: Mocha accounting provides potent security features, such as advanced encryption protocols, data backup, and secure servers.

• User access limit: With time, Mocha allows you to scale your software capabilities. These capabilities include increasing the user access limits from five to 100.

• Data import option: If you are planning to switch to Mocha from some other software, their team can help you make the transition with easy data import.

• Cloud-based access: Mocha offers cloud-based access, which means you can access and keep track of everything from anywhere via an internet connection.
• Reporting: Mocha provides you with access to all the data, such as sales, expenses, and bank accounts, from one comprehensive dashboard with a sharing facility.

1. Vyapar

Considered one of the top tools for accounting, billing, and inventory, Vyapar integrates a bunch of useful features to simplify the financial tracking process. Let’s check out those features!

• Mobile app: A great feature or facility of Vyapar is its mobile app. Unlike other tools, you can use Vyapar on your phone to manage your business’s financial health via sales reports, expense reports, loan reports, etc.

• GST bills creation: The Vyapar app helps you create GST bills for your clients using pre-made templates while adhering to the GST regulations.

• Manage inventory: The app allows you to manage your business inventory with the help of features such as tracking via batch numbers and other factors, theft detection, sales analysis, etc.

• Payment reminders: You can send payment reminders to your clients via WhatsApp and mail. Moreover, it also has multiple payment options, such as cash, credit cards, debit cards, e-wallets, NEFT, etc.
• Security: The Vyapar app has security features, such as passcode or fingerprint access and automatic backups for data safety.

1. Intuit QuickBooks

When it comes to the primes of accounting software, Intuit QuickBooks ranks on top. It is loaded with some of the supreme accounting features to simplify your business operations.

• Mobile app: Intuit QuickBooks also promotes itself with the mobile app feature. Hence, you can access real-time financial data from anywhere within a few taps.

• Bank reconciliation: Get access to accurate financial data within the software with a seamless bank reconciliation feature.

• Multi-currency support: For businesses operating on a global level, the tool enables easy money management with multi-currency support.

• Reporting: The reporting feature allows you to track project details, check profitability, customise reports, and tag key transactions.
• Inventory management: Get all the inventory details, including the cost of goods, purchase orders, stock levels, vendors, and more.

1. Marg

This is one of those accounting software for big business in India that offers industry-specific features in its product. Marg can support a number of businesses, such as pharmacies, supermarkets, jewellery, retail stores, and a lot more.

• Barcode management: Easily keep a record of all the products in your inventory with the barcode scanning feature.

• Mobile app: To provide convenience, Marg comes in the form of a mobile app that allows you to access and manage finances on the go.

• Invoicing: Marg streamlines the invoicing and billing process by providing customisable invoice templates, management of billing cycles, etc.

• GST Billing & Return Filing: Generate GST invoices, file returns, and manage tax-related data while complying with GST regulations.
• Multi-lingual support: The multi-lingual support of the tool makes it perfect for businessmen with specific language preferences.

1. Tally

By far, one of the most popular tools for accounting for big businesses is Tally. Packed with a versatile suite of features, the accounting tool supports large-scale businesses in GST calculations, inventory management, and other financial aspects.

• GST Compliance: Tally helps you handle every GST compliance task with ease, whether it is creating invoices, reconciling tax data, or filing returns.

• • Payroll processing: With the use of Tally, you can streamline the process of computation of salaries, statutory deductions, and generating pay slips.
  • Customisable dashboards: Unlike other accounting software for big business in India, Tally allows you to create customisable dashboards showing you the most relevant data you need.

• Managing inventory: Businesses can easily track stock levels, manage purchases and sales, and even generate reports on stock movement with Tally.
• Supportive community: With time, the software has gained widespread popularity in the market and has also led to a supportive community for addressing issues and grievances.

Benefits of Using Advanced Accounting Software in Big Businesses

When your big business employs accounting software for handling the finances, a lot of things become easier for you. Here are some of those things!

• Easily Comply with Regulations: With your and your user’s financial data in your hands, it becomes necessary to safeguard it and comply with required regulations. Every accounting tool has this feature of GST compliance. With this, there is no need to worry about any compliance issues, as you can easily create invoices and file tax returns while adhering to compliance regulations.

 

• Accuracy: When you use accounting software for your business, the process of invoicing, sales, expenses, and more becomes well-documented. This official documentation of data ensures zero error. Hence, this leads to accuracy, whether it is handling payrolls or filing taxes.

 

• Easy to scale: Scaling is necessary for every business to grow, and when it does, the accounting software should help. Almost every accounting software provider offers its subscribers multiple usage plans. Each of these plans offers varying scalability features, such as the number of users, number of transactions, etc.

• Enhanced data security: Data security is one of the best benefits of accounting software for big business in India. There are a number of security features in the best accounting software like Mocha, such as data encryption, data backups, secure servers, multi-factor authentication, etc.

• Real-time information: With accounting software by your side, you can easily monitor real-time financial data, such as cash flow, bank accounts, payables data, revenue, expenses, and more. With real-time data, it becomes easier to plan your finances ahead.

 

Factors to Consider When Choosing Accounting Software

We understand that these benefits and features of accounting software can overwhelm you. But, if you want to make the right choice, check out these crucial factors before choosing accounting software.

• Mobile app and cloud availability: If you are looking for accounting software, go for the one that can be accessed from anywhere. Make sure that the software is available on the cloud and also as an application.

 

• Features: Keep in mind that you will not require all the features of accounting software. However, do look for key features in the tool, such as bank reconciliation, inventory management, payroll management, GST compliance, reporting, etc.

• Ease of use: While taking the trial version of the software, perform a close analysis of its learning curve. Keep an eye on the user interface of the tool to check if it is easy to use or not. Look for all the important features and check if they are easily accessible.

• Data security: When financial data is in the picture, security is a must-have thing. There are a number of security features that you should look for in accounting software, such as multi-factor authentication, data backups, data encryption, secure servers, etc.

• Cost: The cost of accounting software is a critical thing to consider. It is not obvious that expensive software will have all the required features that you need. There can be tools that are cost-effective as well as utilitarian. Mocha Accounting is one of those tools.

Conclusion

Handling finance data can be tough for SMEs and tougher for big businesses. There can be several aspects of handling the finances of the business, such as tax filing, payroll management, expense tracking, and more. Keeping these aspects in mind, easy-to-use and feature-loaded software is crucial.

As there are a number of software with a number of features, it can be tough to choose one. Now, what if you could use the software and check all of its features before buying? Here is Mocha Accounting that offers you this facility. Sign up for a free demo and let go of the hassle of accounting.