Still using Tally & looking for the Free Accounting Software Like Tally? Tally is one of the most popular accounting software Indian businesses use to manage their accounts. A name that is synonymous with every small to medium-scale business in India; who would have thought even Tally had to face competition in the accounting world?
Even though Tally has all the features you need to keep the accounts up-to-date, there are reasons business owners are not looking towards other solutions, especially Mocha Accounting. Here’s why Mocha Accounting is a better free accounting software like Tally, only in essence, it’s better.
Why Do Business Owners Look For Free Accounting Software Like Tally?
80% of Tally’s customers are Indian business owners. Beginning with a simple MS-DOS application, Tally offers a host of advanced features and functionalities to help businesses manage their accounting needs.
However, as new and more technically advanced solutions have emerged, people have started looking for alternate options. Here are a few other reasons to look for Tally alternatives;
- Tally has a Higher Cost: Tally accounting software free download is available, but there are usage costs. Tally has been increasing its cost, which taps into a business’s revenue. While high costs are challenging, it’s even more strange when businesses have free alternatives to do some basic accounting management.
- Tally’s Alternatives have more Features: While Tally has several business-friendly features, several alternatives today offer better and more advanced functionalities, which makes accounting work easier.
- Tally is Relatively Difficult to Use: Another reason business owners are looking for free accounting software like Tally is that Tally is more difficult to use than others. So, if there’s a learning curve involved, business owners cannot dedicate time to learning how to use the software and will look for an easier option instead.
- Tally’s Interface is Slightly Tricky: In addition to its learning curve, Tally’s interface is also hard to navigate through. As some elements may not be clear in one go or finding features gets hard, business owners are prompted to adopt a solution that is easier to use.
These are the primary reasons business owners like yourself are looking for Tally alternatives. Before we move on to finding the best free accounting software like Tally, ensure it has the following key features.
Features to Look for in Free Accounting Software like Tally
Good accounting software saves a lot of time, effort, and money in multiple ways for a business. Regardless of your business size, a good accounting solution is necessary to maintain records, secure confidential information, and facilitate seamless interaction among the team and verified third-party vendors. And there’s a lot more to look for in good software; here’s an overview.
- Security, Privacy, and Confidentiality: Business accounts are not for everyone’s eyes. As the software handles sensitive accounting and financial data, which can also contain your and your employee’s financial information, it’s essential to use software that follows the highest safety standards.
- Ensure the software has data encryption capabilities when at rest or when it’s in Transit. For in-transit data, check for Transport Layer Security (TLS) to prevent anyone from eavesdropping when data is transmitted from and to the cloud servers.
- Check for access control and authentication features. Go for solutions with Multi-Factor Authentication (MFA) and Single-Sign on (SSO). Solutions with Role-Based Access Control (RBAC) can help you assign specific permissions and limit access.
- Always go for software that provides robust data recovery and backup features.
- Cloud Readiness: An accounting solution that works locally and on the cloud is better equipped to ensure your business operates without any accounting challenges. Cloud accessibility gives you 24/7 access to your accounts. You can share reports, generate invoices, check expenses, and do so much more.
- Integrations: When choosing a software, look for the compatible integrations. For accounting purposes, it’s easier if your software directly links with the bank account and auto-updates the transactions. Check out all integrations that will help you make accounting easier.
- Reporting and Analytics: Since accounting software is used by businesses for competing financial statements, software with reporting capabilities will ensure they access an overview through the report easily. Moreover, reports are used to monitor a company’s health.
In addition to these, there’s no need to explain that you need access to all the basic functions an accounting software offers, including tax management, asset tracking, billing, invoicing, and sales, among others.
Introducing Mocha Accounting, Free Accounting Software Like Tally
Mocha is a cloud-based accounting solution offering seamless accessibility to your accounts via the Internet. It’s a super user-friendly solution with several key features added to make your accounting experience and work smoother and more efficient. The pricing structure is also customized to fit different business types according to their scale and size of operations.
Mocha accounting is a free accounting software like Tally, and some of its features are even better. Let’s see who wins in a head-to-head battle between Mocha and Tally.
Side-by-Side Comparison: Mocha Accounting vs. Tally
We will compare Mocha and Tally on different parameters and allow you to figure out the best one according to your needs.
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Mocha Deployment Tally |
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| A fully cloud-based solution, Mocha is accessible via the internet and on any device. Cloud deployment makes it easier for a modern-day business owner to know a company’s financial health from anywhere in the world. | Tally is primarily an on-premise software downloadable on the system. However, the advanced version of Tally Prime is cloud-compatible and offers remote access. |
| Deployment is a personal choice, as some businesses can operate without a cloud solution, but some cannot. However, every company will benefit from cloud compatibility as it offers better accessibility on all accounts. | |
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Mocha UI and Intuitiveness Tally |
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| Mocha is well-known in the industry for its ease of use. The intuitive interface ensures even business owners who don’t have an accounting professional can use it without any challenges. Completing tasks is easier and faster with an intuitive interface where finding features is straightforward. | Tally is a powerful solution, indeed. However, it has a learning curve and is designed with professionals and large-scale businesses in mind. Naturally, the design, interface, aesthetics, and everything else are more technical than what a small business owner can handle. Using Tally for the first time is overwhelming for everyone. |
| Accounting is a complex task, and when you add to it the complexities of software to manage everything, things can get even tougher. So, it’s best to choose a solution that you can handle well from day one. | |
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Mocha Features Tally |
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| At present, Mocha is focused on all the essential accounting tasks, including invoicing, inventory, expense tracking, multi-currency support, and taxation, among others. | Tally has comprehensive accounting features available at advanced levels. From simple tax compliance to GST compliance, Tally has a lot to offer. |
| Mocha, compared to Tally, may have limited features, but it has a lot of potential to improve and add advanced features and integrations that make it as good as Tally or even better. Mocha also lets business owners comply with GST norms and continues to add more GST-related functions. | |
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Mocha Customization Tally |
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| Mocha is well-suited to handle accounting for businesses with all sorts of operations. From a small-scale business to a large-scale enterprise, Mocha lets you track the finances of all business segments and customize the interface according to the requirements. | Tally is also highly customizable. Its ability to customize according to the requirements makes Tally a great fit for businesses of all scales and sizes. Tally’s built-in features are enough to streamline all sorts of accounting operations you need. |
| Mocha and Tally are at par when it comes to customization. Where Tally satisfies the requirements with its in-built features, Mocha does the same through integrations but provides better control to the users. | |
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Mocha Taxation and Compliance Tally |
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| Mocha supports basic tax compliance and also automates tax calculations. Automation offers great benefits to business owners, especially the ones who are handling their own accounting. Mocha, a free accounting software like Tally, is also GST-ready with built-in features to help you adhere to all GST norms. | Tally has robust compliance features and has in-built compliance structure for all sorts of Indian accounting taxes and formalities. Where you need GST-based accounting or simple tax regulations, Tally is a useful tool. |
| Mocha and Tally are head-to-head when it comes to taxation and compliance. Here again, we want to stress on the fact that using Mocha to determine your payable taxes is easier. Moreover, everything you see on Mocha is transparent, which means the software is updated with all the latest regulations almost instantly. | |
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Mocha Pricing Tally |
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| Mocha is a free accounting software with additional plans that will provide access to advanced features. Where small businesses can use the software without any cost, large businesses may need to buy a plan to access additional features. | Tally has an upfront cost that all sorts of businesses, regardless of size, must pay to start using the software. The costs can climb further if you use Tally Prime, which has cloud compatibility. |
| Mocha has a freemium model, which means some plans are paid, but the prices are much more reasonable and business friendly than what Tally has. Even though Tally justifies its high price with advanced features, Mocha provides similar features at a much lower cost. | |
It’s easy to deduce from this analysis that even Mocha and Tally offer similar features and functions. But the best part is that Mocha offers the same features at a much lower cost. It also provides access to some basic accounting features free of cost, which you won’t get with Tally.
How Mocha Accounting Saves Time and Money?
The suite of features and functionalities available with Mocha and the way they are presented or utilized saves time and money for business owners. Since Mocha is fully-cloud based software working in a plug-and-play model, all you have to do is create an account and start managing your accounting.
Another aspect of Mocha that saves you time and money is automation. By automating repetitive tasks, including invoicing, expense tracking, and bank reconciliation, among others, you can effectively reduce the manual work that is otherwise required to update the accounts; things move along with ease and at speed.
In addition to these, you have access to multi-currency support and built-in tax management, which lets you cut down on dedicated staffing required to keep up the accounts.
To sum it up, Mocha saves time and effort by streamlining all processes, and automation, reducing the need for a dedicated accounting team, and delivering extensive IT support.
Conclusion: Free Accounting Software Like Tally
Mocha Accounting is one of the best free accounting software like Tally, and it is similar to Tally. Built with small, medium and large businesses in mind, Mocha has an extensive set of features useful for every type of business. The plans are set according to the usage, which means you won’t overspend on anything.
You can start with the free plan and upgrade your account according to the business growth or as your accounting requirements increase. To know more about Mocha and how it works, we can provide a free demonstration. Schedule a demo today to explore how Mocha can help you streamline your business accounting.
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