Open Source Accounting Software India

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  1. Open Source Indian Accounting Software
  2. Open Source Accounting Software India Ltd
  3. Open Source Personal Accounting Software India
  4. Open Source Accounting Software India Price

Open Source Indian Accounting Software

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Tally Alternatives – Best Open Source Alternatives for Tally. Tally is one of the most famous accounting software packages in the world. It is being used equally by the small, medium as well as large sized businesses across the globe. Interestingly, this accounting software is most widely used in India also.

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Tally is one of the most famous accounting software packages in the world. It is being used equally by the small, medium as well as large sized businesses across the globe. Interestingly, this accounting software is most widely used in India also.

However, there are few other open source alternatives to this accounting software as well. These open source alternatives capable of carrying out all the functions that traditional Tally software is capable of doing. So, below are the best open source alternatives to Tally.

  1. Post Books

    Post Books is an open source accounting as well as resource planning software which is designed to be used in all the medium and small sized enterprises.

    It is entirely free software and was released under the CPAL license. The Post Books accounting software was initially written in English language but now it is available to you in a number of languages.

    Some of these languages are Spanish, Russian, Chinese, Turkish, Portuguese as well as French among others.

    Post Books software is divided into a number of useful modules such as Sales, Accounting, CRM, Manufacturing, Products, Inventory and Purchase.

    However, the modules are arranged in an interactive manner depending on the requirements of the clients. Apart from this, this software also supports multi- currency and multi- lingual capability.

    This makes Post Books international software to be used for a variety of business accounting purposes worldwide. This software can be seen as a well-established community capable of fulfilling your accounting and resource planning needs. – PostBooks – Tally Alternative

  2. GNU Cash

    GNU Cash is small in size but it is very efficient when it comes to handling your accounts, especially the financial matters related to your enterprise. This software is freely licensed under GNU.

    Also, it has been made available for other operating systems such as Linux, Solaris, BSD, Microsoft Windows as well as Mac OS X.

    GNU Cash is very easy to use and comes across as a very powerful and flexible accounting software . It allows you to track your bank accounts, your expenses and incomes.

    Apart from this, it is very feasible to use it as a check book as well. The architecture of this software is based in professional principles of accounting and it ensures to give you the most accurate and balanced record of your money related matters.

    Mutual fund accounts, double entry accounts, reports, graphs, as well as transaction matching are some of the highlights of this accounting software. – GnuCash

  3. BS1 Accounting

    BS1 Accounting is open source inventory software meant to be very useful for your business enterprises.

    Some of the highlighted tasks taken care by this software are Accounts payable, Accounts receivable, Inventory, Sales and General ledger.

    This software is made in a way that it fits the size of your screen effectively. Being a very user- friendly interface, it is used by a large number of people.

    Export and import of goods becomes very easy with this software due to its multi- currency feature. Also, it is capable of tracking the receivables and payables of various currencies distinctly.

    Apart from this, the loss and gain rate in each transaction can also be tracked with the help of this software. – BS1 Accounting

  4. Turbo Cash

    Turbo Cash is entry level inventory control software especially designed to be used by single users. It is most appropriate when used by comparatively small networks as well as other distributed networks.

    It is also made compatible with other operating systems such as Linux in Wine and Delphi developments in Windows. This software also supports developer’s script and this makes it stand ahead in this list.

    Apart from this, other specifications include multi- language and multi- currency features. Also, there is local Plug Ins included to make the experience more worthy for the users.

    This software is most ideal to be used in the SME market. It is capable of keeping track of all the creditors, stocks and debtors related to any particular business. – TurboCASH Accounting

  5. TAMS

    TAMS stand for Time Accounting Management Software. It is unique accounting software which is based on PHP/ PostgreSQL.

    This software offers a whole new range of functionalities in its package. These include billing, accounting as well as tracking packages.

    The TAMS software comes very handy for small businesses such as independent contractors and also the companies involved in consulting work as they will be able to track the time they spend on any individual project.

    This further allows them to generate bills accordingly. This software is ideal to be used in almost every kind of business as it saves a lot of time.

    It also prevents important projects from slipping away from their deadlines and provides guidance so that the finance does not exceed from the planned budgets.

    All this accounts to creating a well-defined work schedule and hence increases the productivity of your employees. – TAMS

  6. OBA

    OBA stands for Open Business Accounting. It is a very useful web- based accounting software ideal for all businesses.

    It has been modified from SQL ledger in order to suit auditors, accountants and all other people who require carrying out massive data entry as a part of their everyday job.

    Some very useful and easy to use modules are included in this software. Some of these are sales summary, quick data entry as well as unique transaction number for each and every transaction taking place from within this software.

    It is also capable of performing functions like accepting payments, delivering sales and keeping track of all your transactions in an easy to view and understand manner. – OBA – Tally Alternative

  7. Turquaz Financial Accounting

    The Turquaz Financial Accounting software is easy to use accounting software most suitable to be used by all the small and medium sized enterprises.

    It is double entry financial software which aims at performing target operations such as accounts payable, management of inventory, accounts receivable, general ledger, advanced report, journal and advanced analysis. Some features of this software are its compatibility with multiple currencies and multiple languages.

    What makes this software more useful is the fact that it involves a variety of functionalities, while offering a user- friendly approach to the users. – Turquaz Financial Accounting

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Article Categories:ERP & CRM Software

Update 04/02/2019: This post has been updated with the latest top free and open source payroll software for recruiting firms & agencies.

Open Source Payroll Software and Human Resource Management Software are creating quite a buzz nowadays, thanks to the immense benefits they bring to an organization!For corporations to capitalize maximum workforce output, they need to utilize modern, high-quality software technologies for optimal human resource management.

Looking for a Payroll Solution? List of the best Payroll Software

Payroll software is a tool that aims to restructure and automate the method of paying the employees of a company, making the task of processing payroll less time-consuming and convenient. Some of the major advantages of open source payroll software include cost savings, improved security and better vendor stability.

Let us now have a deeper look at some of these utility drivers:

1. Collabrill

This India-based HR tool is a payroll software which includes modules for employee management, leave, attendance, and payroll. It uses a cloud-based system which is user-friendly and has very a very easy setup process. It provides an end-to-end solution for all your payroll activities, making it an affordable, convenient and easily adaptable answer to all HR related payroll issues. The most exciting part is that this payroll tool is absolutely free of cost for up to 19 users!

Features

  • Variety of modules such as Recruitment, Sales and Invoicing, Project Management etc.
  • Collaboration with all stakeholders – clients, employees, vendors
  • Ongoing continuous system support
  • Cloud-based interface
  • Easy implementation and user-friendly design

2. Kredily

Kredily is an open source Payroll software designed to help HR professionals with minutest tasks. With fully customizable leave and shift features and unlimited salary structures, Kredily gives many paid HR solutions a run for their money.

It has advanced employee management and document management up to 250 MB. Make HR tasks simple and statutory compliance effortless with Kredily.

Features

  • Process payroll effortlessly, no more need to manage tidy spreadsheets
  • Manage all leave, attendance, and related policies at one place

3. Timetrex

This is an established open source payroll software that combines time-tracking and payroll. It has the capability to run on non-Windows operating systems and undertakes all activities of payroll processing. Timetrex is a complete miracle worker and ensures that scheduling, attendance, and payroll can be processed in the matter of a few clicks! TimeTrex’s payroll module is straightforward, multi-platform has a choice of deployments and a range of support options. It is completely free of cost and an open source payroll system interface available for use.

Features

  • Advanced payroll tax calculator to compute taxes
  • Direct electronic transfer of funds to employees
  • Provides support to the third party outsource providers
  • Detailed electronic pay stubs for each employee
  • Customizable reporting with various graphic designs

4. OpenPro

This flexible payroll improves payroll management for employers and helps enhance productivity. Its super-efficient system streamlines your payroll process, improves productivity and simplifies administration. OpenPro software performs a number of specialized services ranging from calculating payroll checks with individual deductions to maintaining sensitive employee information. OpenPro payroll is also updated to include international payroll process and reporting. This is a completely free and open source payroll software, making it a boon for all budding enterprises.

Features

  • Keeps effective, up-to-date employee records
  • Manages employee salaries and pay grades
  • Tracks employee benefit plans
  • Documents employee performance and attendance.
  • Create employee policy records
  • Ensures government compliance and organizational reporting requirements

5. Paymaster

This is a multi-dimensional software that matches the needs of both small and large organizations. Paymaster assists managers to create the salary structure of all employees and a payroll summary as well. It can also handle cost accounting by analyzing and reporting wage costs to multiple branches and departments, different pay rates, etc. This is a free and open source payroll software, which makes it a must try for any firm in order to magnify end line results!

Features

  • Includes electronic fund transfer credit system
  • Online Employee self-service functionality
  • Access to all reports and pay slips (24/7)
  • Controls global tax compliance and risk issues
  • Provides online support
  • User-friendly interface and template design
Open source bookkeeping software

6. Talypayroll

This is a popular online payroll software suite designed to provide you with a simple and efficient way to manage the HR records and payroll of your business online. Talypayroll is the complete solution for all payroll related processes of any organization. It has a number of innovative features and can be customized to suit your specific business needs. The best part about it is absolutely open source payroll software and easily available for use.

Features

  • Creates, prints payslips and saves to PDF
  • Weekly, fortnightly and monthly payroll runs
  • Online payroll software support for employee loans
  • Data securely stored on company servers
  • Free version supports up to 5 employees per company
  • Online payroll software support for directors, independent contractors, and hourly pay
  • Employees can view their own payslips online

7. Payroll4free

Open Source Accounting Software India Ltd

This tool is a lifesaver for HR managers as it provides full-featured payroll software and service with professional support, for free! It provides a gamut of novel features that completely handles the end-to-end payroll processing of organizations in the most effective manner. Payroll4free is a versatile, flexible and speedy software interface that can manage any size payroll with the most sophisticated and intricate requirements.

Open Source Personal Accounting Software India

Features

  • Cloud-based interface
  • Option to give employees paper checks or direct transfers
  • Time Management and Scheduling of Employees
  • Manages taxes and deductions
  • A large variety of report templates
  • Option to import data from the time clock
  • Live, 24/7 customer support

8. Thankyou Payroll

This is a cloud-based, full service, and free payroll solution for small to medium-sized businesses and not for profit organizations. The software streamlines a number of services to ensure efficient payroll processing of your firm. It can also integrate with Xero, Workflow etc. Thankyou Payroll saves HR managers many valuable hours reducing their manual work by fully automating the payroll process, thereby enhancing convenience, speed and efficiency.

Features

  • Calculates and tracks employee work hours
  • Manages employees leave entitlements
  • Keeps track of changes in pay/tax legislation
  • Secures sensitive payroll information
  • Provides continuous live support

The Bottom Line

Open Source Accounting Software India Price

It’s important for companies to choose the right fit for their specific business requirements and capitalize on the immense benefits of payroll systems. A great payroll solution can help revolutionize the success story of an organization and propel it to unprecedented heights!