India’s thriving startup ecosystem and resilient MSME sector need invoicing software that is comprehensive, smart, and safe. To put into context, India is the 3rd largest startup ecosystem in the world with over 1,59,157 DPIIT-recognised startups as per Press Information Bureau as of Jan 2025. There are 6.35 crore Udyam registered MSMEs creating lakhs of jobs, and income sources, and contributing around 30% to India’s GDP.
These ever-growing SMEs, MSMEs, and startups require an all-weather small business India’s thriving startup ecosystem and resilient MSME sector need invoicing software that is comprehensive, smart, and safe. To put into context, India is the 3rd largest startup ecosystem in the world with over 1,59,157 DPIIT-recognised startups as per Press Information Bureau as of Jan 2025. There are 6.35 crore Udyam registered MSMEs creating lakhs of jobs, and income sources, and contributing around 30% to India’s GDP.
These ever-growing SMEs, MSMEs, and startups require an all-weather small business invoice software. But how to choose the best software for overall invoicing and accounting purposes, out of dozens of software available online, all claiming to have the best features? To answer the dilemma, we did the footwork and explored key factors to consider for choosing the best invoicing software in India for your small and growing businesses.
We recommend exploring Marg ERP for a holistic invoicing and accounting solution for your business. It’s India’s no.1 accounting and inventory software with 10 lakhs satisfied users and over 850 sales & support centres. Keep scrolling to learn the features and advantages of Marg ERP.
Factors to Consider for Selecting Best Invoicing Software in India
The Non-Negotiable: GST Compliance
GST came into effect on 1st July 2017 and makes it a fundamental requirement of businesses to ensure their books remain fully compliant with this comprehensive, multi-stage, and destination-based tax structure. Your invoicing software must be able to provide the following services to ensure non-negotiable GST compliance.
- Generate GST-compliant invoices including accurate and timely calculation and display of CGST, SGST, and IGST, as well as including HSM/SAC codes and your GSTIN.
- Generating and managing e-invoices for businesses of all sizes. It will help during expanding your business and rising turnover.
- Seamless and error-free GST return filing including GSTR-1, GSTR-3B, and other necessary reports.
- Non-compliant software can lead to significant legal implications including hefty penalties and more. A small or growing business can’t afford this, so always go for reliable accounting software.
User-Friendliness: Your Time is Money
- Time is money, save it with user-friendly invoicing software like Marg ERP. Time saved on intuitive software could be better spent on strategic business activities. Go for features like;
- A well-organised easy-to-navigate dashboard for a faster and clearer overview of financial health including P&L, outstanding payments, and other activities.
- Faster and straightforward process of generation and sending of professional-looking invoices.
- Invoicing software should have minimal technical jargon that is easy to understand for businesses of all sizes.
Companies like Marg ERP offer free demos of its small business invoice software. Try their tried & tested software features and accelerate business to new heights.
Scalability: A Partner in Your Growth
Small and growing businesses require reliable partner during their expansion phase to take care of their accounting and inventory needs. Consider the following features that will help your business while scaling.
- Invoice generator software should be equipped to manage growing transaction volume without a dip in performance.
- Multi-user access and controlled authentication
- Updates at regular intervals to include the latest features and functionalities to support expanding business needs
The scalable features of Marg ERP enable businesses to adapt to growth in terms of rising invoice volume, expanding locations, increasing personnel, and more.
Seamless Integration: The Power of a Connected Ecosystem
Your business does not function in silos neither should your invoicing software. Look for the following key integrations.
- Fast and secure integration with accounting software to automate bookkeeping and get a comprehensive view of your finances
- Integration with payment gateways to facilitate easier payments and faster cash flow management.
- CRM systems and e-commerce platform integrations to streamline sales and billing processes
Go Mobile: Invoicing on the Move
With over 600 million smartphone users and a preference to access information anywhere anytime, a mobile optimised invoicing software in India is a necessity. Your accounting software must have;
- Invoice generation and sending on the go
- Payment tracking in real-time and updates on cash flow
- Track expenses for better financial management anywhere anytime
Customisation and Professionalism
Your invoice generator software should have customisation features like adding your logo, brand colours and themes, template customisation and more for a professional and lasting impression on customers or clients.
Automation: Your Silent & Efficient Assistant
Repetitive administrative tasks can be a major drain on your time and resources. This is where automation comes in. Look for software that can automate:
- Recurring Invoices: For clients you bill on a regular basis, you can set up recurring invoices that are sent out automatically.
- Payment Reminders: Automate follow-up emails for overdue payments, saving you the awkwardness of chasing clients and improving your collection rate.
Robust Reporting and Analytics
Automation enhances productivity and ensures sustainable growth. AI and data analytics play a crucial role in automating the billing and accounting process and minimising time consumed by repetitive administrative tasks.
Along with AI-powered automation, your invoicing software should generate comprehensive reports and analytics. It provides valuable insights that businesses can use to track;
- Sales trends including best-selling products or services
- Payment patterns
- Clear tax records
Security and Support: Your Peace of Mind
Best GST billing software must provide multi-layered security to safeguard your crucial financial data. Look for invoice generator software that can ensure robust security measures including data encryption, regular backups, automatic backups, storage on the cloud, and more.
Marg ERP offers 7-layered security, secure cloud access, 28-automated data backups, advanced malware protection, user access management, recovery from backup, and encryption for secure access. Boost your business efficiency with Marg ERP, the best invoicing software in India.
Cost Factor: Finding the Best ROI
GST billing software comes in a range of plans such as free plans, premium subscriptions, one-time license fees, etc. The frequency of payments differs from monthly, half-yearly to annual modes. Before deciding on the invoicing software for your business, go through all features, limitations, scalability, and accessibility according to the invoicing and accounting needs of your organisation.
About Marg ERP
Marg ERP is India’s no.1 accounting and invoicing software with an end-to-end service including billing, inventory management, GST, e-invoicing, and more. Marg simplifies business operations, helps to generate new income sources, enhances profitability, and unleashes endless possibilities for sustainable growth.
Marg ERP processes over 20 billion invoices and $100 billion + worth of transactions per year. More than 50% of FMCG and Pharma business runs on Marg ERP. With 850+ sales and support centres and 8500+ sales and support professionals, Marg ERP has served over 1 million businesses worldwide.
Conclusion
The most valuable and scarce resource for small businesses, startups and growing businesses is time. Choose an invoicing software that saves your invaluable time and allows you to devote your time and money to strategic thinking and expansion. The right selection of accounting software helps you with sustainable growth with features like seamless GST compliance, integrations, backups, cloud support, faster customer support, robust reporting, data security, and more.
Marg ERP stands out as India’s No.1 invoicing and accounting software, trusted by over 10 lakh businesses for its comprehensive features, advanced security, and unmatched support network. By choosing Marg ERP, you’re not just investing in software—you’re partnering with a proven solution designed to streamline billing, boost efficiency, and drive long-term business success.
