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What Is Accounting Software?

Accounting software is a business tool designed to streamline and automate accounting, billing, bookkeeping and financial tasks of businesses.

HostBooks accounting solution helps businesses generate GST Bills, manage their financial transactions, track expenses and income, generate financial reports, and maintain accurate and up-to-date financial records.

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Why Choose HostBooks Business Accounting Software?


Real-Time Business Updates

HostBooks accounting software helps in the creation of multiple companies and the real-time collaboration by various users on the same company profile. When your information is stored on the cloud, various users within the organization can gain a completely contemporary view of your current business situation. Making financial decisions concerning the company's future and finances will be easier with this information at hand. If you use a standard accounting bookkeeping software method, you would have to search through pages of data only to check out-of-date reports. By receiving real-time financial information through online accounting software, you can now meet the demands of a swiftly expanding firm.

Reduced Paperwork

The paperwork is decreased with the use of business accounting software. It maintains a list of all the versions that different users have made and updated.


Lesser Expenditure on IT infrastructure

With any-time, anywhere access, HostBooks accounting software saves your IT costs, minimizes technology risks, and boosts productivity.

Full Data Accuracy

The chances of errors in accounting are significantly reduced when using online accounting software because all the crucial financial data is entered in one location and is calculated automatically. You can access a precise report whenever you need one if you are recording income and expenses and categorizing the transaction.

As opposed to working on an excel sheet, you don't need to learn new accounting procedures, formulae, shortcuts, etc. Make sure you are regularly entering your revenue and expenses into the software for accounting if you want an accurate report.


Data Backup and Restoration 

In the event that your financial data is lost, you don’t have to worry. Your company can save time and money by being able to restore the most recent backup through HostBooks cloud accounting software in India. Depending on the size of your business, starting again could take days or even weeks. The knowledge that you have a data backup and can recover it is invaluable.

Easy Scalability 

The resources are easily scaled up and down automatically using HostBooks online accounting software based on the demand of the organization.


Continuous Technical Support 

If you run into any problems when handling your finances, you can contact the HostBooks Team at any time. We're happy to assist you 7 days a week!

Advanced Level Of Data Security

Secure and undamaged data is ensured by using Transport Security Layer 1.2 with AES 256-bit encryption (HTTP at SSL Level).


Features of Accounting Software for Businesses

Easily Navigable Dashboard

The dynamic dashboard of business accounting software from HostBooks is created to offer users a smooth user experience and easy access to data and information. Also, graphical representation makes the data easily understandable.


Helps Manage Responsibilities

Managing roles and responsibilities can be customized in the HostBooks user management module. In accordance with their knowledge or needs, our bookkeeping software helps to provide access as per their job role.


Reconciliation of Bank Statements Using AI

When comparing bank statements and transactions recorded in books of accounts, Hostbook's AI-based bank reconciliation recommends and syncs the matching of relevant entries.


Valuation of Stock

Online accounting software for small businesses helps maintain a record of acquisitions, disposition, and current stock levels. With LIFO, FIFO, and average cost, you may also quickly determine the value of the commodities.


Journal vouchers

You can record asset, production, and manual Journal vouchers that help to  make all kinds of adjustment entries like credit sales, purchase, fixed asset purchase etc.


Compliance With Tax Law

With the aid of multiple tax rates, tax categories, and tax ledgers, you can manage statutory business compliances like Income tax, GST or TDS.


Procure To Pay Process

Accounting software keeps everything in order, whether it's managing the approval cycle, issuing a purchase order, or preserving vendor master data.


Fixed Asset Module

You can utilize accounting software online to manage fixed assets and keep an eye on their lifespan, method of depreciation, cycle, and disposition.


Financial Process Automation

40+ Analytical reports help you to manage, examine, and present financial data. So neither the reporting rules nor the chart of accounts seem complicated.


One Portal for multiple Business Entities 

The unique customer portal allows you to easily and quickly monitor business activities, filing status, and other information for your various business entities.













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FAQs About Accounting Software

Online accounting software in India from HostBooks is the best accounting software for small businesses.

With the help of accounting software, users may send online invoices, manage bills, perform bank reconciliations, handle taxes, keep track of business spending, and much more.

One of the most user-friendly accounting programs is HostBooks. It is the best cloud accounting software for small businesses in India. You can track spending, manage clients, make and send invoices, and examine reports.

Accounting software for small businesses helps you manage the financial data of your company, ranging from basic billing and invoicing to tax calculations and project management. Moreover, it supports the smooth and steady growth of your small business by assisting with client administration, reconciling bank accounts, and the generation of analytical financial reports. Get yourself the best accounting software for small businesses in India from HostBooks.

HostBook's business accounting software costs ₹5499 plus 18% GST.

There are numerous benefits of accounting software. It streamlines financial tasks, automates calculations, improves accuracy, provides real-time insights, simplifies tax compliance, enables efficient reporting, and saves time and resources.

Accounting software is used by any individual or organization who needs to maintain books of accounts. Small and medium-sized businesses, freelancers, self-employed professionals, non-profit organizations, and even individuals managing personal finances can benefit from using accounting software.

For small businesses, cloud- accounting software is often the best choice as it offers flexibility, scalability, affordability, and the ability to access financial data anytime, anywhere. It simplifies bookkeeping, invoicing, expense tracking, and financial reporting for small business owners.

Accounting software works by automating various financial processes, such as recording transactions, generating invoices, managing accounts payable and receivable, tracking expenses, reconciling bank statements, and producing financial statements.

From your accounting software, you need features such as accurate bookkeeping, easy expense management, streamlined invoicing, robust financial reporting, integration with other business tools, tax compliance support, data security, and user-friendly interfaces.

Bookkeeping software is suitable for basic record-keeping and transaction management while accounting software offers advanced features for financial analysis, tax management, and comprehensive reporting. The choice depends on the complexity of your financial tasks and the level of detail you require.

Most accounting software solutions like HostBooks include an invoicing feature allowing users to create professional invoices, customize them with their business logo and branding, track payments, and send automated reminders for outstanding invoices.

There are several reasons why your business should consider changing accounting software. It could be due to outdated technology, lack of necessary features, difficulty in scaling with business growth, poor customer support, security concerns, or the need for better integration with other business systems.

Accounting software can automate various business processes, including invoicing, expense tracking, bank reconciliation, financial reporting, inventory management, payroll processing, and tax calculations. By automating these tasks, businesses can save time, reduce errors, improve efficiency, and focus on core operations.

Whether you are a sole proprietor, a growing business, a non-profit organization, or a multinational corporation, accounting software is important. In terms of numbers, if you fall under the tax audit under section 44AB of income tax, you need to buy accounting software.

The price of accounting software varies depending on factors such as the type of software, modules used, scale of operations, features, and more. It can range from as low as Rs. 2000 per year to Rs. 100,000 per year.

The security of online accounting software depends on the measures implemented by the SaaS provider. HostBooks cloud-based accounting software, for example, utilizes bank-grade encryption and regularly backs up data, making it one of the most secure online accounting software options in India.

A cloud-based accounting solution is a software that operates on the web, allowing users to access their accounting data and perform tasks from anywhere with an internet connection.

If you need to maintain Books of Account for a specific industry like manufacturing, FMCG, pharma, etc., it would be beneficial to choose accounting software tailored to your industry. HostBooks allows you to customize their accounting solution according to your industry's specific needs.

Yes, accounting software helps businesses to account for income tax and GST and maintain compliance.

Accounting software doesn't replace accountants; instead, it makes their job easier and faster. However, HostBooks offers an easy and intuitive user interface that allows business owners to perform minor tasks like billing and basic accounting functions.

While being an accountant is important to fully utilize the potential of accounting software, you don't need to be a professional to handle basic tasks such as billing, uploading bank statements, recording transactions, and other simple functions.

Written by


Rajan Rauniyar

Head of Content Production


Reviewed by


Rakesh Kumar Linkedin

Junior Accounting Consultant

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