Top 10 Accounting Tools for 2025: Detailed Comparison

By IIC Lakshya

26 Sep 2025

Others

Top 10 Accounting Tools for 2025: Detailed Comparison

An essential tool, an accounting software that helps businesses automate tasks, manage finances, ensure compliance with tax regulations, and perform other operations. The demand for accounting software solutions has gradually increased due to the growing startups, enterprises, and small businesses.

Due to this, businesses are looking for the best option in Accounting tools in 2025. Here is a consolidated list of the best 10 Accounting Tools in the market, their benefits, and how you can choose the best one.

What are Accounting Tools?

Finance business teams use basic accounting tools that help any business go a long way. Using these tools will help accountants with various tasks like financial planning, inventory tracking and management, payroll, cash management, expense, and tax management.

Daily mundane tasks are not Diverse aspects like these will contribute to business decision-making; therefore, the tools will save a lot of time and money. Some of the top accounting and finance careers after graduation offer skills that are enhanced with accounting function tools. Here is a list of the best tools for accounting for businesses:

Best 10 Accounting Tools for Accounting

With the increasing demand for reliable and trustworthy accounting solutions, let’s learn about the top 10 best accounting software and tools. These tools are trusted by several businesses, both large and small, in 2025. Let us get into the details, key features, pricing, and other factors.

A new-age accounting automation platform that is specifically built for India CA firms and accounting professionals. Minimizing manual effort by automating repetitive tasks like bank reconciliations, smart client communication, GST automation, and data entry.

Key Features	AI-powered data entry from PDFs, images, and Excel Automated GSTR-1, 2B, and 3B reconciliation Practice management tools like team productivity, deadline reminder, and task tracking Smart dashboards and reports Latest tally versions integration for seamless syncing
Pricing	Two pricing models Unlimited plan 50% off for CAs (free trial)
Target Audience	Advocates Tax consultants Chartered Accountants Mid-sized accounting firms GST practitioners
Reason for Popularity	Eliminate repetitive manual work Time saving, business runs leaner and smarter with its help India-first design

Tally Prime

It is one of the pioneering accounting tools in the Indian Accounting software market, offering powerful features. It is one of the top benefits of performing tally in accounting. Additionally, they are both user-friendly and have multi-user support. Check out the overall factors that make it so desirable in detail.

Key Features	Real-time updates for financial data Multi-user support GST ready Inventory and payroll management Easy to use and customizable
Pricing	INR 18,000 yearly (approx)
Target Audience	Traders Manufacturers Small to medium-sized enterprises (SMEs)
Reason for Popularity	User-friendly Feature-rich

Kashoo

The accounting software is a cloud-based tool perfect for small business owners who can maintain book-keeping using this software with minimal complexity. Read below the significant aspects of the online accounting software for small businesses, making it popular.

Key Features	Automatic bank feeds Multi-currency support Double-entry accounting Customizable invoices Income and expense tracking Mobile app for iOS and Android
Pricing	INR 2,240 monthly Free trial - 14 days
Target Audience	Small businesses Independent contractors freelancers
Reason for Popularity	Simple to use Strong customer support Ideal for non-accountants

Zoho Books

For small businesses or startups, this is perfect, especially because it helps in managing finances, filing taxes, and tracking expenses. The accounting online software offers scalable solutions at an affordable price. Below are detailed factors making it desirable for Indian businesses.

Key Features	GST invoicing Integration with Zoho CRM and other apps Automated workflows Mobile app for on-the-go access Financial reports and dashboards
Pricing	INR 1,200 monthly (Starter plan)
Target Audience	Entrepreneurs Small businesses Freelancers
Reason for Popularity	Integrated with other Zoho tools Affordable pricing

Wave

For small businesses and freelancers, this accounting tool brings in more opportunities and robust capabilities. It is ideal for budget-conscious businesses, especially those that are just starting up. Professionals with accounting courses and certifications in India use this tool to evaluate business’ profit and loss.

Key Features	Bank reconciliation Free invoicing and accounting Optional payroll and payment processing Profit & loss Cash flow reports Receipts scanning (mobile app)
Pricing	INR 1,660 monthly Plus (for business) - INR 500 per employee
Target Audience	Small business owners Solopreneurs Freelancers
Reason for Popularity	Free core services Easy setup Intuitive interface

Microsoft Excel

A widely used spreadsheet application, Microsoft Excel is perfect for your business if you prefer manual accounting. The flexibility allows businesses to track financial transactions for their needs. Below are the significant factors about the accounting tool.

Key Features	Powerful functions and formulas PivotTables for data analysis Customizable templates for financial and budgeting analysis Data visualization tools (graphs and charts) Macro automation (advanced users)
Pricing	Microsoft 365 Personal - INR 5,810 yearly Microsoft Business Plan Basic - INR 500 monthly Standard - INR 1040 monthly
Target Audience	Small to large businesses Accountants Finance professionals
Reason for Popularity	Customizable and familiar For individuals who prefer manual control over automation

ProfitBooks

If you are a non-accountant, this tool is for you, especially when working for small businesses and finance firms. Individuals with high-paying finance jobs in India use these tools to save time to perform various business operations like invoicing, reports, inventory, and banking. The invoicing accounting apps for small businesses help with a lot of factors, like fast collection and bookkeeping.

Key Features	Invoicing: payment links, multi-currency, branded & recurring invoices Banking: import bank statements Expenses & bills: vendor tracking, attach receipts, categorize spend Inventory: track stock or items and the cost of goods Reports: Cash flow, balance sheet, AR/AP aging, P&L Collaboration: multi-user access with permissions and defined roles Import/ Export: CSV for quick data migration
Pricing	INR 745 monthly (paid) Free starter tier
Target Audience	Non-accountants
Reason for Popularity	Affordable Cloud-based Minimal learning curve

Google Sheets

A cloud-based tool, Google Sheets, allows businesses to manage data, collaborate effectively, and keep financial records in real time. Further, you can track the budget along with performing accounting tasks easily. Read the factors that make it quite updated in the market.

Key Features	Integration with Google Workspace Add-ons for finance automation and templates Real-time commenting and collaboration Free templates for invoicing, expense tracking, and budgeting Cloud-based autosaving
Pricing	Business starter - INR 500 monthly Business standard - INR 1000 monthly Free for personal Google account users
Target Audience	Small teams Startups Freelancers
Reason for Popularity	Accessibility Seamless integration with Google tools Real-time collaboration

Xero

An accounting financial software that is easy to use and has developed a good reputation in the accounting market. With its cloud-based services, it is one of the top choices for Indian small businesses, SMEs and startups.

Key Features	Bank reconciliation Expense tracking Invoice generation Multi-currency functionality
Pricing	INR 2,000 monthly (starter plan)
Target Audience	Small businesses Startups
Reason for Popularity	User experience Mobile functionality Flexibility in operations

Vyapar

It is one of the favorites for small businesses in India for startups and small businesses. Especially if the business has sole proprietors, this app is perfect for offering various services, making businesses perform better.

Key Features	Billing and payment management GST invoicing Mobile app for ease of use Stock and inventory management
Pricing	INR 1,500 annually (basic plan)
Target Audience	Retailers Small businesses
Reason for Popularity	Simple interface Affordable pricing

How to Choose the Best Accounting Tool for Your Business?

As a business, when you are choosing the best accounting tool, you have to check your business needs. Based on the above-mentioned features, check which one is optimal for your business. Additionally, you should also make a list to execute the processes faster, making it easier for the business.

Frequently Asked Questions (FAQs)

Which is the most widely used accounting software?

TallyPrime is the most widely used accounting software. Almost 70% SMEs trust the tool for its inventory management, financial reporting capabilities, and comprehensive GST compliance.

Which accounting software is used most in India?

Leading accounting software choices in India are Marg ERP, Vyapar and Zoho Books based on the requirements and size. Even TallyPrime is widely used by businesses due to the strong ecosystem, rich features and legacy.

Which tally automation software is best?

The best tally automation software is Suvit, which automates data entry from PDF, images, and Excel, thus synchronizing with Tally, improving practice management for accounting and finance teams and CA firms.

Are there any free accounting software options worth considering?

There are several free accounting software options available, like ZipBooks and Wave. There are paid options to access more features and support.

Do these accounting tools offer tax preparation features?

Most of the accounting tools have features that help tax preparation and support it in terms of performing mileage tracking, downloadable tax reports and expense categorization.