Advanced Accounting Software in India

What is Accounting Software?

Accounting software is a type of computer-based or mobile-based application that can be utilized by accountants and bookkeepers for the tracking and reporting of financial dealings. There is a wide range of such software available in the market. It differs in the area of operations and company to company.

Bigger business farms utilize advanced accounting software in India that is versatile and integrated with a large number of features.

Different Types of Accounting Software

The types of accounting software are based on its area of operations. As per different working conditions and environments, we can classify them into three main categories.

1.           Basic Accounting Software for Billing

Most of the small and medium commercial firms utilize basic Accounting Software for the purpose of billing and invoicing. It can also accomplish the tasks with daily operations, for any product and service-oriented business organization.

2.           Payroll Management Software

This kind of effective Accounting Software in India takes on the tasks in the area of payroll management. Register of payroll, employee’s salary and other benefits calculations, deductions, salary money transfer to the employee’s salary accounts, reporting, tax calculations and deductions, salary slip generations, and many more operations can be done with the Payroll Management Software.

3.           ERP Software for Accounting

ERP stands for Enterprise Resource Planning. Bigger enterprise-level companies utilize ERP accounting software to accomplish huge numbers of operations. Such applications come with a large variety of modules that can help the company in managing their overall financial operations like billing & invoicing, making of sales and purchase orders, handling of expenses, payment via Electronic modes, management of assets, and many more.