India: Cloud Based #MadeInIndia Accounting Software

Ankit Dudhwewala for Product Nation writes: Cloud based Accounting Software are becoming increasingly popular for small and medium business. There is no hassle of installing it, the data is safer on the cloud and the costs works out to be much less for the multi user version. India, has managed to produce quite a few efficient cloud accounting software. Here is the list of #MadeInIndia cloud accounting software. (In no particular order) 

Reach: Reach business automation software was instituted with a vision to empower proud owners of innumerable business establishments in SMB’s and MSMEs sector in India.  It has established itself as an effective tool to the Business owner in driving Business Growth, by offering absolute control, ease of functioning and remote accessibility of Business with no limitation on number of users leveraging the cloud technology.

Reach software in a quick time since its inception a year back  has established itself as  reliable and  bespoke solution provider to service business, sales & service business, Point of sales, assembly manufacturers, trading & distribution business, and retail business. Reach software offers modules spread over accounting, inventory, purchase management, CRM, POS billing, Invoicing, e mail management and so on so forth. It is enriched with unique features like auto sync of bank transaction, Mobile App and e-tailing add-ons/ project management plug ins, establishes it as a one of the top software in the online software space. State of the art features backed by futuristic technology and competitive pricing makes the offering from Reach Accountant a truly “Value For Money” proposition.

Reach was also awarded the “Best Internet Retailer of the Year-2013”  by ET Now. Reach accountant enjoys strong assistance from Sequoia Capital – a renowned global venture capital firm, being the key investor to the company.

ProfitBooks: ProfitBooks is an online accounting software designed specially designed for Indian businesses. The software has a simple interface, which can be operated by business owners. ProfitBook helps Business owners to stay on top of sales, expenses and banking transactions. Entrepreneurs can focus on profitability, can easily find out high value customers, top selling products and other meaningful data. It works perfect on smartphones and tablets too. With its simplicity and affordable pricing, ProfitBooks aims to put top end technology in the hands of Indian SMEs.

Zoho Books: Though Zoho Books is a product made in India, the company focuses on the international markets. They have one of the most popular offering in the world market because of their low price as compared to their competitors. Zoho has a flat pricing of $24 per month for unlimited invoicing, unlimited users. The software can also be integrated with Online Payment gateway which works out which works out to be a boon for small and medium enterprise selling online. It is one of the few software to provide a powerful API to connect it with other software you many want to use.

ZipBooks:  ZipBooks one of the latest entrants to cloud based accounting software list. It is an Ahmedabad based company named Accusol Technologies Pvt. Ltd. The company has priced at Rs 4999 for a year. The software focus on Accounting, Inventory, Sales and Purchase management. The product will soon have efficient CRM features, to keep up with the growing trend of automated marketing.

Accounting Guru: AccountingGuru.net is an inventory, invoicing & accounting software.  It provides a simple single login mechanism to create and access multiple companies.  It allows you to invite your staff and accounting professionals with exhaustive user permissions.  Accounting professionals can login with one login id and will be able to manage and serve multiple companies easily. AccountingGuru.net excels in Branch/inventory/sales invoice management.

Accounting Guru is by Veersoft Solutions which is based out of Bangalore. The basic version of this software is priced as low as Rs 2400 per year. Its users find customization of printable invoices formats as one of its best features.  There is a separate print designer module.  The companies can brand the invoice with their own colors and themes with a little help from a website designer.

If these accounting software don’t meet your requirements, you can talk to our software analyst at SoftwareSuggest.com for suggestion on software that can fit your requirements.

Abour the author Ankit Dudhwewala: I'm the Co-founder of SoftwareSuggest.com. I am primarily responsible for all Sales and Marketing activity of the company and also at the overall operations of the organisation.

http://www.softwaresuggest.com

Five Best Accounting Softwares for Small Business Companies to Use

StartUps Pro Inc, writes: Small business  companies always look out  for the  cost effective  business software  for their accounting needs . There are  Several  Cloud  based accounting softwares are  available for  small businesses  to be used  but the only problem they have  is to choose  the  best and  most affordable  accounting software so that startups may not get over burdened  due  high cost of  premium accounting softwares. Entrepreneurs  who start  their startups  on their  own  ,always struggle to afford  costly accounting softwares  . They  search  for cheaper and effective  accounting softwares to fulfill their accounting needs on daily basis  since  startups cannot afford  to appoint  CFA’s  or  CFO’s  on high market based  salaries . The Following list of  Accounting softwares will help  entrepreneurs resolve their  accounting needs  on affordable cost.

1. QuickBooks : QuickBooks  by Intuit  is the  best solution for  Small business owners  who are looking for cheaper and effective  accounting software  for the accounting needs of their Startup Companies. QuickBooks is  the best solution for your sales and Financial accounting needs  . The most  important thing is that  QuickBooks could be used  on the Go mean online . The  Pricing for  QuickBooks  starting from $10.36 Dollars  Per Month for  Startup Businesses . QuickBooks  is the award winner  and  the Software of choice for  the Small business Owners  . QuickBooks could be  easily customized  and tailored to your Small business  needs .

2. FreshBooks : FreshBooks  is the  ultimate solution to small Business needs  as  it is the most popular  accounting  solutions for the non Professional accounts  such as entrepreneurs . FreshBooks  offers  30 Days  Free Trial  for the  Small Businesses  and  Their  Paid  Packages  start at  $19.95 Per Month  .  FreshBook  has very  simple  interface and  it is more like child’s play  in Accounting Solutions  . You can  easily get used to its  interface and  performing accounting tasks  for your  startups without any difficulty . Moreover , FreshBook offers  Tutorials  for  various Operation on this  Powerful  on the Go accounting Software .

3.Wave Accounting : Wave Accounting  software is  considered  by several entrepreneurs the best Solution for startup accounting needs  since its powerful tolls  provide  the  best solutions for  accounting Models and  Business industry . Wave is the  first decision  for the  Small Business  owners  as  it is  offering its powerful tools  for small business company free of cost . Besides  Accounting , It also  offers  solutions  for Professional accountants and enables  your  Small Business  to  make  easier and  Quicker payments and  invoicing .

 4. Yendo : Yendo is the best  Accounting software for the small Business as  it is very easy to use  and  deploy at work space  . Its complete pack of  solution for small business such CRM  , ERP   ,Cloud Accounting and  payment Software and  Recommended  for  Small Business  Companies  . It is  used  by hundreds  of  Small Business  Owners  . The  Price Plans  start  from  $19 Dollars  Per  Month . It has  collective tools  to  help boost your  small business and  makes  the accounting cost effective and  Economical . Yendo was  founded  in 2006 and is one of the Oldest Accounting Platform for the small business owners .

5. KashFlow :  KashFlow  is the premier solution for the  Small Business Accounting  due to its  Powerful and  simple Accounting  Solutions  . The Small  Business  Owners’  Preferred  choice  for  Cloud Based  Accounting  and Payment services  . It has  the  automated  invoicing  feature and  24/7  support from  the  KashFlow  tech team  and remain eager to offer  Solutions tom your needs . KashFlow  is  the cheapest accounting software as  its plans Start  from  just £5 Dollars Per  Month . it also  provides  Payroll services for  the Small Business Owners .

So, this was  the hand Picked  List  of  the most  Powerful and  cost effective  accounting softwares  for  the small business owners  on the  basis  customer feedback and  client base  . If you used  any other accouting software  which you believe could  be showcased  here  so feel  free to post in Comments  . We  shall review  the accounting Software and  Post it if  we  believed  it a Pro Startup Accounting Software .

Zoho today announced the launch of an iPad app for Zoho Books, its online accounting software. With the release of the Zoho Books iPad app, Zoho Books becomes the only cloud accounting software that lets users work with devices on every major mobile platform — iOS, Android and Windows.

Zoho today announced the launch of an iPad app for Zoho Books, its online accounting software. With the release of the Zoho Books iPad app, Zoho Books becomes the only cloud accounting software that lets users work with devices on every major mobile platform — iOS, Android and Windows. The iPad app can be downloaded from the Apple App Store at http://ow.ly/BSmZt.

Zoho will also be demonstrating the new Zoho Books iPad app — as well as the Zoho Books apps for iPhone, Android and Windows — at Zoholics: Accounting & HR being held November 6-7, 2014, at the Zoho headquarters and event center in Pleasanton, Calif.

“Most of our customers use three or four devices for business, and they expect their business-critical apps to be there — phone, tablet and web,” said Raj Sabhlok, president, Zoho Corporation. “The native iPad app for Zoho Books is not only fast and beautiful but also enables customers to book business and account for it anytime, anyplace.”

Mobilizing the Backbone of the Back Office

As Zoho Books emerges as the backbone of the back office in more small and medium-size enterprises (SMEs), more SMEs are demanding mobile access that lets them take the back office out of the back room. With Zoho Books available on Android, Windows, and now iOS tablets and smartphones, business owners can stay connected to their businesses and business financials regardless of time and location — whether they're striking business deals over lunch, sending invoices on the train or recording expenses on the go.

Key highlights of the Zoho Books iPad app include:

• View critical business insights on payments that need follow up, bills that need to be paid and instant status on the cash flow — all displayed in a central dashboard.
• Run important business financial reports like Balance Sheet, Profit and Loss and more at the tap of a finger.
• Track business expenses and vendor bills and snap to upload expense receipts on the go.
• Send customized invoices and get paid faster with online payments.
• Track time sheets and bill clients for projects. Invite contractors and allow them to track time on their own.

Pricing and Availability

The Zoho Books iPad app is available to download for free from the Apple App Store athttps://itunes.apple.com/app/id710446064?mt=8. Zoho Books is also available on Android (http://ow.ly/t0LiT) and Windows (http://ow.ly/xy6H3 and http://ow.ly/xy6qG). New users can sign up for a 14-day trial to evaluate Zoho Books for their business needs. Business owners can add unlimited users as well as their accountant to their Zoho Books account. The monthly subscription is $24, and a yearly subscription is available for $240, which includes a two-month discount.

For more information on Zoho Books, please visit http://www.zoho.com/books. For more information on Zoho, visithttp://www.zoho.com. To get breaking Zoho news, follow the company on Twitter at @zoho and on Facebook athttp://www.facebook.com/zoho. The latest news about Zoho products is available on the company blog,http://blogs.zoho.com.

Xero Says It's Taking MYOB's Clients As The Accounting Wars Continue

Alex Heber for Business Insider Australia writes: Cloud accounting is becoming a crowded space in Australia and the war between incumbents and up-and-comers is bubbling over.

Fighting for Australia’s small businesses accounts are Xero, MYOB and Quickbooks.

Xero has this week extended its MYOB conversion tool indefinitely after it claims “thousands” of small businesses and accounting partners have used the service since April this year.

Xero now has more than 147,000 Australian customers and in a survey it conducted on users which have signed up since September 2013 it found 67% of those who responded said “they had switched from a rival product, including MYOB”.

MYOB CEO Tim Reed said with accounting software moving off the desktop and into the cloud “it’s a really exciting time”.

MYOB is the biggest player in the Australian market with 1.2 million customers using its software. Of that more than 100,000 customers are using its online system in Australia and New Zealand and 90% of its business comes from Australia.

Reed said he’s unsure where Xero is getting their numbers from: “They’re not coming from our active users, they’re not coming from our paid users. They’re either coming from other software vendors or they’re coming from versions of our software which are more than eight years old, businesses that haven’t upgraded their software in more than eight years.”

“If you’re talking a thousand than… that’s less than 1% of our client base.

“I think it’s challenging to believe that, given the data that we see internally in our business.

“The data that we have in our business would not support that hypothesis.”

When asked why he thinks Xero is singling out MYOB, Reed said it’s part of a broader marketing campaign which he thinks is trying to create the perception that change is under way.

“That’s obviously a campaign that they think is going to be effective, it’s not based on the facts that we’re seeing in our business actually holding up to be taking place but that’s the great thing about competition because people get choice,” he said.

“Our online accounting business is booming.

“The retention we have in our install base is at record highs.”

Intuit Reaches New 1-Year High at $87.31 (INTU)

ABMN Staff at American Bankings News writes: Shares of Intuit (NASDAQ:INTU) reached a new 52-week high on Wednesday , American Banking and Market Newsreports. The company traded as high as $87.31 and last traded at $86.70, with a volume of 946,755 shares changing hands. The stock had previously closed at $85.42.

A number of research firms have recently commented on INTU. Analysts at RBC Capital initiated coverage on shares of Intuit in a research note on Monday, September 15th. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Intuit from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 27th. They now have a $80.60 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday, August 22nd. They now have a $100.00 price target on the stock, up previously from $89.00. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Intuit currently has an average rating of “Hold” and a consensus target price of $82.85.

The stock’s 50-day moving average is $83.57 and its 200-day moving average is $79.84. The company has a market cap of $24.725 billion and a price-to-earnings ratio of 27.40.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Intuit will post $2.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, October 20th. Shareholders of record on Friday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $0.19.

MYOB advises it has surpassed a record client milestone of 100,000 online subscribers, further cementing its leadership in cloud accounting.

MYOB advises it has surpassed a record client milestone of 100,000 online subscribers, further cementing its leadership in cloud accounting. This new record follows previously disclosed information in MYOBs half-year results and investor presentation, where …24 September 2014

MYOB reaches record milestone and prepares senior debt refinancing

MYOB advises it has surpassed a record client milestone of 100,000 online subscribers, further cementing its leadership in cloud accounting. This new record follows previously disclosed information in MYOB’s half-year results and investor presentation, where it posted a record first half result, with revenue growth of 21% and EBITDA growth of 29% achieved.

The 100,000 online subscribers milestone has been achieved in under two years from launch of the flagship AccountRight cloud accounting solution. Further MYOB announced that the percentage of new clients that are taking out an online subscription has passed 70% of total registrations, up from less than 20% two years ago.

MYOB CEO Tim Reed says “2014 has been an exciting year of records for MYOB. Achieving rapid growth to over 100,000 online subscribers within two years of launch of our flagship AccountRight cloud accounting solution has been a key achievement. Of equal significance is the way in which new MYOB clients are adopting our cloud solutions, with over 70% now choosing one of our cloud accounting solutions.”

Reed continued, “With the strong growth in our business it is an opportune time to take stock and prepare ourselves for the next stage of growth. With continued strong financial performance and favourable credit markets, it is an appropriate time to negotiate greater flexibility in debt arrangements, lowering the cost of our debt and building in the flexibility for a possible market listing in the future. To that end we are actively negotiating with a syndicate of banks to refinance our senior debt and are close to finalising the arrangement.”

The refinancing negotiation has been well supported by existing lenders with a commitment for $640M, and is likely to result in more favourable pricing and more flexible terms for MYOB.

“We are very pleased with MYOB’s continued strong growth and performance against the strategic plan. The time is right to structure for future growth, and we look forward to further supporting MYOB in the coming years,” said Craig Boyce, Bain Capital Managing Director.

For MYOB product information, research results, business tips, discussions, client service and more visit the MYOB website, or its blog, LinkedIn, Twitter,Facebook, Instagram and YouTube sites.

About MYOB

Established in 1991, MYOB is New Zealand’s leading accounting software provider. It makes life easier for approx. 1.2 million businesses across New Zealand and Australia, by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory, mobile payments and more. MYOB also provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and now spends NZ$35+ million annually on research and development. For more information, visit myob.co.nz.