In today’s fast-paced environment, accounting software is a must for small & medium business owners who want to drive their business to success. Free or paid accounting software is a must to have. Free accounting software should not only be capable of presenting a quick summary or detailed presentation of profit loss reports, along with financial transactions; it should also keep you updated with the legal formalities.
Aside from addressing evolving legalities, your free accounting software for pc should let you automate accounting tasks, accelerate tax preparation, and reduce the risk of human error in the workplace. In this article, we will discuss the free accounting software available with Marg and explain how free accounting software could help you manage your business.
Download Free Accounting Software
What Do You Get in Free Accounting Software?
GST invoicing:
The first and the foremost feature that you must look for in the best free accounting software is GST invoicing. Your accounting software should be capable of generating error-free GST invoices that could be directly pushed into the GST portal.
Bills & expenses:
Not to a surprise, as the name suggests your accounting software must empower you with reports of all transactions & expenses. It should be able to generate multiple bills & store them in a place that is easily accessible.
Banking:
As an added advantage you get an online banking feature inside your ERP software. All you need to do is just a few clicks and all your banking activities are done. Starting from post-dated cheques, reconciliation, etc can be done with a snap of the fingers.
Inventory Management:
One extra feature that only a few free accounting software gives you is inventory management. When you have a growing business, managing the inventory becomes really challenging. To simplify the difficulties, you need to have a technology that keeps a keen eye on your in-out of stock efficiently.
E-way bill generation:
If you are into a business that requires the movement of goods, your software should be able to generate single/ multiple/ bulk e-way for the smooth movement of your goods.
GST Return Filing:
Another very important feature is GST return filling. After the GST has become mandatory, GST is implied in most businesses. Therefore it is extremely important that your free accounting software should be able to file GST return directly from the software.
Some More Features You Get in Free Accounting Software
To make your accounting & business management easier, the following are the benefits that you get.
Ease of Use:
Designed to ease your accounting, Free accounting software is easy to use even if you are not from an accounting background.
Cost Reduction:
Accounting and finance systems automate core calculations and administrative procedures and take control of your revenue framework so that you won’t have to outsource finance management to an external expert.
Financial Transparency:
Accounting software prevents costly and recurring human errors. Calculating inaccurate sums or failing to report data in time can easily lead to a business crisis, and that’s where automating calculations is most useful.
Recurring Invoices:
The software generates recurring invoices for sales that happen at regular intervals.
Accurate Estimates:
It’s one of the main advantages of accounting software. Accounting software helps you understand where to cut expenses or where to invest more. With a clear overview of customer demand and your current financial status, accounting software suggests you smart strategies and allocate resources the right way.
Online Payments:
Offer your customers the comfort of making an online payment in their preferred mode of payment. Exactly this is what you will give to your customers via offline accounting software free download today.
Integrated Mobile Apps:
Accessing your entire business from your mobile can’t be easier. This you achieve by downloading free accounting software & install the integrated apps.
Multi-user Access:
With the best free accounting software, you get to keep control of your data with well-defined user roles. Share data effortlessly within your organization by assigning specific roles to different users.
Vendor payments & credits:
You get a module to manage the vendor/ client’s account in the accounting software effortlessly. Here you can manage the payouts, outstanding, bills, etc to stay updated.
Download Free Accounting Software
Purchase Import:
One extra feature that you get only inside Marg ERP accounting software is a one-click purchase import. You can import the sale bill from your vendor directly as a purchase order in your system. This saves 2-3 hrs daily of making entries & cross-checking the same.
Invoice Customization:
Another feature that you get to establish your brand is template customization. You can design beautiful customized invoices with your brand name, logo, etc & provide a personalized touch to your customers.
Multi-lingual billing:
Good accounting software offers you with language customization. This means you can generate the billing in the local language that your customer can relate to.
Integrated platform:
Having an offline accounting software download, you get access to the digital world. You get multiple integrated platforms that create ease of doing business.
Reorder Management:
Being a human you might forget when to reorder, what to reorder, and which dealer is giving the best deals. But having a robust technology, you never miss on anything. You can set the minimum & maximum limits & your software alerts you for reorder whenever you reach the minimum limit.
Delivery Challans:
You can easily record & print delivery challans for the movement of goods.
Free Customer Support:
Whenever you feel stuck with the software, you can seek help from the support team which is available 24X7.
Improved relationships with customers:
Most accounting software nowadays workaround effective billing and invoicing, and prevent all sorts of delays and miscommunication. They are also easy to personalize on the business’s behalf, and thus, make company performance appear more professional and credible.
Data Security:
Financial data is a company’s most valuable information and must be prevented from falling into the wrong hands or getting lost by mistake. That’s exactly what accounting and finance software do for their users by safeguarding sensitive data.
Conclusion
There is no “one-size-fits-all” accounting software (in fact, this is one of the most diversely targeted software categories), and the reason for this is that each company runs specific finance calculations and adheres to a different set of rules. After discussing all the features of accounting software in detail you might now choose the right accounting software. If you’re unable to find small business accounting software that matches your business model, look for a free accounting software download and use the software free.
Hey, thank you for writing such a detailed post on this topic! I was wondering if I was doing things “right”.
Thanks for your valuable feedback.