Best Billing Software in India 2024 Review

Tracking inventory, keeping records of receipts and payments, and analyzing business performance can become a tedious task for business owners.

According to JP Morgan, ‘with a forecasted compound annual growth rate of 26.5% to 2021, India’s e-commerce is growing at a fast rate. And our current shopping sector is worth $ 36.5 billion.’ The increasing digitization multiplies the need for great platforms that can provide inventory and accounting management with ease. Hence, leading to exceptional results and seamless bookkeeping.

The traditional methods of mailing or printing out bills manually have become obsolete now. It is less practical and leads to a wastage of resources.

This is where the best billing & invoicing software comes into the picture.

These billing software helps in reducing human effort to a great extent. Apart from being an economical option, they save a lot of time and deliver accurate results.

From independent freelancers to startups or large enterprises, we have reviewed the 4 best billing software in India that are meant to cater to your accounting needs.

Best Billing Software in India

These are the 5 best billing software in India you can choose from, depending on your needs and use right away, to enjoy a seamless billing process.

1. Tally solutions: Best for small traders, but is widely used by big enterprises
2. Busy Accounting Software: Best for MSME
3. Giddh: Best for SMEs, LMEs and Private firms
4. Zoho Invoice: Best free tool for Freelancers and Startups

About Tally Solutions

Tally is an accounting and billing software widely used by Small and Medium Enterprises (SMEs) for electronic invoicing, payments and inventory management. It is specifically designed keeping in mind your diverse business needs. It provides a complete solution to all your accounting concerns.

Tally Prime helps businesses with easy GST filing, accounting, inventory and cash management, budgeting, loans, customisable reports, and much more. Their goal is to be the technology fabric that drives economic growth by 2030.

Tally is an excellent billing tool used by almost 2 million businesses in over 100 countries. Being one of the oldest products in the market, it has gained much trust among customers. It has a network of 28000+ partners that deliver exceptional services.

Tally Solutions Benefits

Custom Reports

Tally Prime is an all-rounder operating system that lets you fill in your company’s details including the annual figures and compute all the necessary reports for you including balance sheets, cash flows, etc. This will help you better analyze the organisational performance.

Affordable

This billing software has so many pricing options to choose from. You can rent it for a month to try out if it works for you. Then as per your budget and requirements, you can buy the license as well which will be a one-time payment for a lifetime.

Simple usage and learning

Any individual can easily learn how to use Tally. It’s very simple to learn and use the software, for hassle-free accounting.

GST compliance

As mentioned above, Tally allows you to enter annual figures and in return, it calculates CGST and SGST as per the values provided. It helps in easy GST computing and filling.

Tally Solutions Features

1. Financial Management
2. Audit Trail
3. Taxation Management
4. HR and Payroll
5. Quotation and Estimates
6. GST ready
7. Data exchange
8. Multi-Branch Connectivity
9. MIS Reporting
10.  Service Tax

Tally Solutions Pros & Cons

Tally Solutions Pricing

Tally offers a 7-day free trial to anyone who is looking forward to investing in the software.

• Silver Rental: This is for single users’ standalone PCs
  12 Months: ₹7200 + 18% GST (INR1296)
  
• Silver: License for single users’ standalone PCs: ₹18000 + 18% GST (INR 3240)
  
• Gold Rental: Unlimited multi-user edition for multiple PCs on LAN environment
  12 Months: ₹ 21600 + 18% GST (INR 21600)
  
• Gold: License for unlimited multi-user edition for multiple PCs in LAN environment: ₹54000 + 18% GST (INR 9720)

Technical Details

About Busy Accounting Software

Busy accounting software is an operating system commonly used by Medium and Small Enterprises (MSMEs), that helps them with complete financial accounting and invoicing. With numerous benefits Busy assists you in various dimensions to provide you with a complete accounting solution.

Since 1993 Busy has been empowering MSMEs by providing services like inventory, invoicing, payroll, taxation, order management and account handling.

The billing software has sold over 3,60,000 licences in over 20 countries. It is one of the top brands in India, South Asia, the Middle East and Africa. It is supported through 500 channel partners and thousands of resellers.

Busy Accounting Software Benefits

Rich in Feature

This billing tool offers a wide variety of features for its customers to make use of the full potential of accounting in business. The features range from GST filing, checks, to customer management, inventory management, TDS/TCS management, etc.

Detailed Documentation

The busy operation system provides us with the utmost detailed analysis of all the financial reports, for a better evaluation and understanding. With this feature business owners can readily identify important factors.

Wholesome Product

It offers all the necessary workbooks in one place for user convenience. You can work and go through your journal ledgers, purchase orders, sales orders on a single platform.

Busy Accounting Software Features

1. GSTIN Validator
2. Security
3. Multi-branch, currency, location
4. Customer Management
5. Checks and Controls
6. Bank Reconciliation

Busy Accounting Software Pros & Cons

Busy Accounting Software Pricing

Busy Accounting Software offers four plans for its customers.

• Express: Free version with limited but sufficient features. Basic: Includes multi-company, multi-location, task management, detailed documentation, GST invoicing, multi-branch, checks and controls, sales transactions
  ₹10620 annually
  
• Standard: Includes multi-company, multi-currency, multi-location, task management, TDS/TCS management, detailed documentation, GST invoicing, bank reconciliation, multi-branch, checks and controls, sales transaction
  ₹15930 annually
  
• Enterprise: Includes general features, financial accounting, multi-location, billing & invoicing, document management, analytics & reporting, checks & controls, utilities, GST invoicing, payroll management
  ₹21240 annually.

Technical Details

About Giddh

Giddh is a cloud bookkeeping platform used commonly by Small and Medium Enterprises (SMEs) that offers solutions like cash & inventory management, invoicing, tax filing, ratio analysis, and much more.

The team is continuously working and evolving to bring about a change in the bookkeeping industry with their tech solutions. They keep a sharp eye on your accounts so you can spend time analyzing them.

Giddh received the Budget-Friendly and Fastest Implementation award by Software Suggest in 2021.

Giddh Benefits

Cloud Accounting

Giddh Software is a cloud operating database, which means you can access your accounts from anywhere in the world and work at your own comfort.

Unlimited users

Giddh supports unlimited users with every plan i.e., in the free version and all plans of the premium version as well. So, you can buy one for your company and any number of employees can work on the software.

Safe and Secure platform

Giddh stores your data on Linux which is the safest platform for saving data. Hence ensuring that all your information is completely secure with this billing software.

Customisable Invoices

Giddh supports the feature of custom made invoices as well. You can easily choose the format and type of invoices as per the requirement of your business.

Giddh Features

1. Bank Reconciliation
2. API Integration
3. Analytics
4. Import and Export Data
5. Automatic Currency Converter
6. Security
7. Tally Plug-In
8. Activity Tracking
9. Aging Tracking
10. Checks
11.  Accounts Payable and Receivable 
12. Cross Ledger Posting

Giddh Pros & Cons

Giddh Pricing

• 15 days Free Trial: Includes 40,000 transactions, 1 company, unlimited users and customers/ vendors, desktop/ mobile app.
  
• Birch (For CA, CS, NGO only): 10000 transactions, 1 company, unlimited users/vendors, desktop/ mobile app: ₹800 per year
  
• Oak: 40000 transactions, 1 company, 2 hours accountant consultation, unlimited users and vendors, desktop/mobile app: ₹4000 per year Vine: 40000 transactions, 10 companies, 4 hours accountant consultation, unlimited users and vendors, desktop/mobile app: ₹10000 per year.
  
• Sequoia: 100000 transactions, 100 companies, 10 hours accountant consultation, unlimited users and vendors, desktop/mobile app: ₹15000 per year.

Technical Details

About Zoho Invoice

Zoho is a completely free cloud-based invoicing software that lets you create professional invoices, send them effectively and receive payments on time. It is widely used by freelancers and SMEs.

It helps you create invoices in just a few clicks, customise them, change to multiple languages, build a client portal and everything else you need for billing is supported on this platform. It is a complete billing solution for your company.

Capterra has shortlisted Zoho Invoice as a Noteworthy Product under two categories which are, Time and Expense Software, and Billing and Invoicing Software.

Zoho Invoice Benefits

Set up Payment Reminders

With Zoho, you can add payment reminders for timely receiving or transferring payment. That way you’re always on time and never miss out on important stuff.

Add custom fields

The invoicing software allows you to add custom fields to your invoices. For instance, if you feel like a column is missing in the format, you can easily add the same according to your needs.

Categorize expenses

Zoho Invoice software allows you to categorise your expenses in order to minimize confusion. You can segregate expenses into recurring, non-recurring, etc.

Tax compliance

This billing software allows you to keep up with taxes. With Zoho, you can very easily compute and file taxes, which is very important these days.

Zoho Invoice Features

1. Hourly Billing
2. Contact Database
3. Automatic Time Capture
4. Employee Database
5. Configure address format
6. Auto-charge
7. Run detailed reports
8. Track mileage
9. Compliance Management
10.  Analytics
11. Multi-currency
12.  Dunning Management

Zoho Invoice Pros & Cons

Zoho Invoice Pricing

Zoho billing software is 100% free, forever.

Technical Details

What is Billing Software?

Billing software is a set of tools that provide automated payment collection and efficient financial accounting. The main aim of these software is to streamline the billing and invoicing workflow.

Collecting payments, generating bills, handling accounts, inventory and filing taxes can become a hectic task for business owners. This arises the need for simplification of these tasks, hence we have billing softwares to the rescue. They are accurate, easy to use, time saving and efficient. It is the need for almost every business.

How to find the best Billing and Invoicing software for you?

There are a lot of amazing billing and invoicing software available in the market, and it is indeed difficult to decide what will work the best for you. But there are some important factors to consider before you choose to invest your time and money in a particular software.

• Number of Clients
• Accounting Features
• Automation
• Payment Collection

Number of Clients

You need this figure to estimate the number of invoices you send in a month. Every software has a different limit, so choose the one that allows at least the minimum number you’re aiming for.

Accounting Features

Carefully assess your accounting needs before investing. Then look for a software that completely satisfies your needs and has all the accounting features you’re looking for.

Automation

These invoicing software are meant to reduce the workload. Hence, look for a platform that has maximum automatization, so that manual work is minimized.

Payment Collection

You need invoicing software to get paid. Sending invoices efficiently gets half the burden off of your shoulders. But the main part of getting paid still stands pending. So, make sure your software has a payment system integrated, for a convenient experience.

Benefits of Billing Softwares

These are some of the benefits of billing softwares:

• Billing Automation
• Improved Organization
• Improved Customer Relations
• Promote transparency

Billing Automation

Billing and Invoicing software’s key function is to automate the whole billing and payment system. They help businessmen create automatic bills way too quickly, easily and accurately. This results in better business performance.

Improved Organization

With numerous customers, it becomes difficult to handle them all. There is often the risk of misplacement involved. But billing software helps you to keep track of each and every document and manage every transaction.

Improved Customer Relations

Billing softwares helps ensure timely payments through alerts and notifications. Customers really want to pay on time and this results in healthy relationships with clients.

Promote transparency

You can keep a keen eye on all your transactions which readily promotes transparency. Nothing goes out of sight with these billing softwares.

Billing Software Features

Billing software features include the following:

• Customer Management
• Inventory Management
• Custom Reports
• Automated Reminders
• Tax Filing
• Flexible billing options
• Paperless transactions

Customer Management

It becomes challenging to manage customers and maintain their records. With billing softwares, it becomes a lot easier to keep track.

Inventory Management

Managing and keeping a record of inventory gets stress free when you have all information at one place.

Custom Reports

After providing some basic information and values, you can access your custom made annual reports and analyze your company performance.

Automated Reminders

With so many tasks, we sometimes tend to forget the dues. It can be payment to or receipt from a customer or client, filing taxes, etc. So, with this tool, you can set reminders and receive alerts before the due date.

Tax Filing

Billing software has made tax filing a seamless procedure. Not only can you file GST with ease but compute the values as well. Currency setting: With this feature, you can easily set or change your currency according to the client or receipt. It is mainly useful with global companies.

Flexible billing options

Billing software provides subscription management features which help the accountants as well as customers to pay and receive as per their convenience. They offer different modes and packages to enhance flexibility.

Paperless transactions

The bills generated on the softwares are completely online and automated, inducing no wastage of paper. This promotes the digitalisation of the economy and saving of resources.

Issues with Billing Software

At times, there can be some glitches with these software. Potential issues with billing software are listed below:

• Failed Transactions
• Errors in the Invoice
• Automatic Billing

Failed Transactions

Softwares are ultimately online platforms and they might have some processing errors at times. Sometimes, the payment doesn’t go through, or there can be connectivity issues.

Errors in the Invoice

The data input is given by humans and the rest is calculated by the software. If the values are entered wrong then the outcome is bound to have errors.

Automatic Billing

Issues In some cases payments are deducted monthly from customers’ accounts automatically. It is possible that they do not have enough funds during a specific month so the payment will be rejected.

Conclusion

With so many options available in the market, it becomes challenging to find the right product for yourself. Thus, we reviewed the best billing software in India to ease out this selection process for you.

We inculcated all the necessary information regarding these billing software, to give you a complete overview of the same. Carefully analyze these options, keeping in mind your business type, size and requirements because these are not just software, rather an investment to be made towards better organisational billing and accounting.

1. Tally solutions: Best for small traders, but is widely used by big enterprises
2. Busy Accounting Software: Best for MSME
3. Giddh: Best for SMEs, LMEs and Private firms
4. Zoho Invoice: Best free tool for Freelancers and Startups