Best Quickbooks Alternatives for Indian Digital Businesses

In the dynamic arena of digital businesses in India, the need for reliable accounting software is more pressing than ever. The accounting software serves as the backbone for managing financial transactions, ensuring tax compliance, and providing a clear financial outlook for businesses, making it indispensable.

QuickBooks, a globally recognized accounting software, had been a popular choice among Indian business owners. Its user-friendly interface and a broad spectrum of accounting features made it a favorite. However, with QuickBooks discontinuing its services in India, the quest for alternative accounting software that caters to the unique financial landscape of India has become crucial.

The discontinuation has propelled many to explore other robust alternatives. As we transition into discussing alternatives, the focus will not only be on the features and pricing but also on how well these platforms align with the regulatory and tax compliance needs prevalent in India.

In the subsequent sections, we will delve into a detailed exploration of five robust alternatives to QuickBooks. Each of these alternatives offers a unique set of features aimed at simplifying the accounting process while ensuring adherence to the local financial compliance requirements. Through this exploration, we aim to provide a comprehensive insight, aiding Indian digital businesses in finding an accounting software that resonates well with their operational and financial needs.


1. Invoice Crowd:

Invoice Crowd positions itself as the best accounting software tailored for small business owners, digital agencies, solopreneurs, freelancers, and other professionals seeking a unified platform for their invoicing and financial management endeavors. The platform is meticulously designed to alleviate the challenges faced by these entities, offering a perfect blend of intuitive invoicing, estimation, and expense tracking features. Its capability to automate recurring payments stands out, making it a viable alternative to QuickBooks, especially for regular billing scenarios. The precise estimation feature facilitates the generation of accurate quotes, which can seamlessly transition into invoices upon client approval. With its straightforward expense tracking, categorization, and monitoring functionalities, managing finances becomes less daunting, helping businesses to stay within their budget constraints.

Key Features:

  • Estimates: Streamlining the process of creating and managing client estimates is a breeze with Invoice Crowd. The auto-convert feature transforms estimates into invoices upon approval, saving time and reducing manual intervention. Furthermore, the addition of optional items in estimates offers clients the flexibility to choose the services they require, enhancing the overall client experience.
  • Invoicing: Catering to a myriad of business needs, the invoicing feature supports multi-currency transactions, allowing businesses to cater to a global clientele. The availability of multiple invoice templates facilitates personalization, ensuring each invoice mirrors the brand’s essence. Late fees and reminders can be configured to encourage timely payments, while the provision for partial and split payments offers flexibility to clients.
  • Customers & Business Profiles: Efficiently manage your customers and multiple business profiles. Schedule individual or multiple customers for regular invoicing and handle different business profiles, each catering to different currency types, languages, and payment gateways.
  • Templates: Engage your customers with an extensive range of customizable invoice templates, each tailored for different business models, ensuring a refreshing and appealing invoicing experience.
  • Payment Methods: Integrates seamlessly with multiple payment gateway services like Stripe, Razorpay, PayPal, and Payoneer, promoting smooth and hassle-free transactions.
  • Team: The team feature ensures continuity, coordination, and consolidation among all team members, simplifying expense reporting and collaborative efforts.
  • Accounting: Invoice Crowd’s robust accounting feature identifies revenue items and their related expenses, providing an accurate financial outlook. Its powerful expense tracker, alongside a variety of financial reports like P&L Statement, Trial Balance, and Balance Sheet, provides a thorough analysis, aiding in better financial decision-making.

Pricing and Suitability for small businesses, digital entrepreneurs:

Invoice Crowd encapsulates a range of pricing options to suit different business needs:

Monthly Plans:

  • Free: $0/month
  • Solo: $10/month
  • Pro: $15/month
  • Team: $20/month
  • Business: $30/month

The varied pricing structure ensures businesses of all sizes can find a plan that aligns with their financial capabilities and operational needs. This makes Invoice Crowd a compelling choice for Indian digital businesses seeking a cost-effective, best alternative to QuickBooks, that doesn’t compromise on functionality and efficiency.


2. Zoho Books:

Zoho Books is a comprehensive cloud-based accounting solution crafted to streamline financial management and automate business workflows. With its robust suite of features, it’s geared towards aiding Indian digital businesses in navigating through GST compliance effortlessly. Its multi-currency support further accentuates its appeal to businesses operating on a global scale.

Key Features:

  • Customized Invoicing: Zoho Books allows for the creation of customized invoices, facilitating quicker payments through its online payment options.
  • Quotes to Invoices: Generate professional quotes and convert them to invoices with a single click, simplifying the billing process.
  • Customer Portal: Engage your customers by providing them a portal to view all their transactions, enhancing transparency and trust.
  • Expense Management: Upload receipts to organize and track expenditures, providing a clear view of where your money is being spent.
  • Project Time Tracking: Keep an accurate tab on billable hours with timesheets, and efficiently convert time into revenue.
  • Inventory Monitoring: Maintain a keen eye on inventory levels, identifying fast-moving items to keep them well-stocked, aiding in timely order fulfillment.
  • Sales Tax Management: Stay prepared for the tax season by diligently tracking your Sales Tax liability.
  • Online Payments: Offer a simple, swift, and secure online payment option to your customers, expediting the payment process.
  • Vendor Portal: Offer a self-managed portal to your vendors for managing transactions, promoting a seamless vendor management experience.

Pricing and Suitability for Small to Medium Indian Digital Businesses:

Zoho Books provides a range of pricing plans catering to varying business sizes. It offers a free plan for businesses with a revenue of less than $50K USD per annum, including basic features like managing clients, invoices, and both online and offline payments. The paid plans commence at $10 per month (when billed annually) for the Standard plan, accommodating up to 3 users and extending additional features like recurring expenses, custom roles, and custom fields. The Professional plan, priced at $20 per month (when billed annually), further encapsulates project expense tracking and timesheet billing among other features.

The adaptable pricing and comprehensive feature set render Zoho Books a compelling choice for small to medium-sized Indian digital businesses in search of a cost-effective, GST-compliant accounting solution.

3. FreshBooks:

FreshBooks presents a cloud-based accounting solution that is significantly tailored for freelancers and small business owners, offering a suite of powerful features wrapped in an intuitive design. It aims to streamline the accounting process, thus, giving more time back to the business owners to focus on what they do best.

Key Features:

  • Professional Invoicing: FreshBooks makes the creation of professional-looking invoices a breeze. With its user-friendly invoice generator, you can effortlessly create, customize, and send invoices that reflect your brand’s identity. Moreover, it enables you to personalize your thank you emails, leaving a positive impression on your clients.
  • Invoice Customization and Online Payments: Accepting payments is simplified as FreshBooks supports credit card and ACH payments, ensuring you get paid faster without the hassle of chasing clients for checks.
  • Automation: Put your business on auto-pilot with features like automated reminders and securely charging your client’s credit card. FreshBooks can handle follow-ups, allowing you to dedicate your time to other critical aspects of your business.
  • Deposits and Exact Billing: You can request a deposit on your invoice to ensure you get paid upfront, eliminating the need to pay expenses out of pocket. Additionally, with the FreshBooks invoice generator, you can easily add tracked time and expenses to your invoices, ensuring you bill for exactly what you’re worth.
  • Retainers and Cash Flow Management: Establish a stable cash flow by negotiating fixed pricing with your clients upfront. Dedicate a specific number of hours to your client’s retainer and schedule work against that amount, ensuring both you and your client are on the same page regarding timelines and deliverables.
  • Workflow Streamlining: With features like recurring invoicing, time tracking, project management, and reporting, FreshBooks serves as a one-stop solution, streamlining your workflow and ensuring seamless integration between different operational aspects of your business.

Pricing and Suitability for Freelancers and Small Business Owners:

FreshBooks has curated its pricing structure to cater to a diverse range of business needs.

  • Lite: $17/mo, catering to freelancers with basic invoicing needs.
  • Plus: $30/mo, suitable for small business owners requiring a broader set of features.
  • Premium: $55/mo, ideal for larger businesses with more complex accounting demands.

This tiered pricing model allows individuals and business owners across different scales to find a plan that aligns well with their financial capabilities and business requirements, making FreshBooks an excellent accounting solution to consider.


4. TallyPrime:

TallyPrime, a well-regarded name in the Indian accounting software landscape, brings forth a blend of simplicity and robust functionality. It’s designed to simplify complex business operations and deliver a seamless accounting experience.

Key Features:

  • Real-Time Data Synchronization: TallyPrime allows for real-time data synchronization ensuring updated financial information across all systems.
  • Comprehensive Reporting: It offers more than 400 business reports providing powerful insights for informed decision-making.
  • Local Tax Compliance (GST): TallyPrime is tailored for GST compliance, aiding in generating GST invoices, and filing GST returns, crucial for Indian businesses.
  • Business Accounting Software: It is a comprehensive business accounting software handling invoicing, inventory, banking, and other financial operations.

Pricing and Business Size Suitability: TallyPrime offers a tiered pricing structure which includes a Silver and Gold version with different user access levels. The pricing starts from INR 600 per month for the Silver Rental version and INR 18,000 for the perpetual Silver version (single-user edition). There’s also a Gold Rental version for multi-user access, the pricing of which can be found on their official website.

The software is suitable for small to medium-sized businesses due to its scalable features and user-friendly interface. The pricing structure also provides flexibility for businesses of different sizes to choose a plan that fits their budget and operational needs.

TallyPrime’s features and pricing structure make it a viable option for Indian digital businesses seeking a reliable and locally compliant accounting software solution.


5. Clear Tax:

Clear Tax stands as a distinguished name in the Indian accounting software sector, offering cloud-based solutions meticulously designed for ease of use and robust functionality. It aims to simplify the GST filing process while providing a solid foundation for various accounting tasks.

Key Features:

  • GST Compliance: Clear Tax facilitates seamless GST compliance, aiding businesses in adhering to local tax regulations efficiently.
  • Multi-Currency Support: The software supports transactions in multiple currencies, a vital feature for businesses engaged in international trade.
  • Cloud-Based Software: Being a cloud-based platform, Clear Tax allows real-time access to financial data from anywhere, anytime, enhancing operational flexibility.

Pricing and Suitability for SMEs in India:

Clear Tax offers a wide variety of plans catered to individuals, professionals, and businesses, ensuring there’s a suitable option for different financial needs and business sizes. The specific pricing details for each plan can be found on their official website.

The software is particularly suitable for SMEs in India owing to its focus on GST compliance and multi-currency support. The cloud-based nature of Clear Tax further augments its appeal, providing a reliable and accessible platform for managing various accounting and taxation tasks efficiently.

Clear Tax’s emphasis on GST compliance, coupled with its range of features and pricing flexibility, positions it as a viable accounting software option for SMEs in India seeking a reliable solution to manage their financial operations.


6. Vyapar:

Vyapar is a highly-rated GST billing and accounting software in India tailored for Small and Medium Enterprises (SMEs). This software aims to provide a straightforward platform for managing billing, inventory, and accounting needs. It has a user base of over 1 Crore SMEs in India, indicating its popularity and trust in the market.

Key Features:

  • GST Compliance: Vyapar helps in creating GST compliant invoices and facilitates easy GST filing, which is crucial for businesses in India to abide by the law.
  • Invoicing: The software allows the creation and sharing of professional invoices with customers through various methods such as WhatsApp, email, or print. It offers over 10 professional GST invoice formats, enabling businesses to maintain a professional image.
  • Inventory Management: Vyapar provides efficient inventory management features. It helps in tracking sales, understanding the effectiveness of inventory management, and identifying items that are not selling well to maximize the utility of inventory space.
  • Multi-Device Usage: Vyapar can be used on both mobile and desktop, facilitating ease of access and management across multiple devices.
  • User Management: The software supports multi-user access, allowing different team members to manage various business aspects seamlessly.

Pricing and Suitability for SMEs in India:

Vyapar offers two main pricing plans suitable for different business sizes and needs:

  • Silver Plan: Priced at ₹ 3399.00 for 1 year (Desktop + Mobile)
  • Gold Plan: Priced at ₹ 3999.00 for 1 year (Desktop + Mobile)

Vyapar also provides a 15-day free trial for its Windows desktop software, enabling businesses to explore the features before deciding on a subscription.

The free features for Android mobile users cover the basic accounting needs, and businesses only need to pay for premium features as a yearly subscription. This flexible pricing structure makes Vyapar a viable choice for SMEs in India looking for a cost-effective solution to manage their billing, inventory, and accounting needs.


7. Sleek Bill:

Sleek Bill offers a comprehensive billing solution designed to cater to the diverse invoicing and accounting needs of Indian businesses. It’s equipped with a multitude of features aimed at simplifying the billing process, managing inventory, and ensuring GST compliance.

Key Features:

  • Proforma Invoice Maker: Commit to providing your best products or services to your buyer with Sleek Bill’s proforma invoice option.
  • Quotation Software: Create quotes for your clients straight from your tablet with Sleek Bill, even when you’re not in the office, ensuring you never miss a business opportunity.
  • GST Tax Invoice: Sleek Bill helps you issue GST invoices with all the accurate fields necessary for claiming tax credit.
  • Composition Scheme Support: Full support for billing is provided for any company that falls under the composition scheme.
  • Delivery Challan Software: Create delivery notes/challans effortlessly with Sleek Bill’s custom template and quick shortcuts.
  • GST Compliance: Sleek Bill is GST integrated and compliant, supporting GSTIN, GST tax invoice, bill of supply, HSN columns, GST tax rates, and more.
  • Purchase Orders, Bills, and Expenses: Create purchase orders, convert them to bills, add stock straight from bills, and keep track of expenses such as payroll and utilities.
  • Generate Inventory Reports: Sleek Bill aids in generating essential inventory reports like stock in hand, sales by product/service, cost of goods sold, or In&Out report.
  • GST Credit/Debit Note: Issue credit notes against any invoice whenever needed and easily use credits on your invoices. The feature for issuing debit notes will be available soon.

Pricing and Suitability for Small to Medium Indian Digital Businesses:

Sleek Bill offers two pricing plans to cater to different business needs:

  • Free Plan: Priced at $0, this plan provides basic features for businesses with limited billing requirements.
  • Premium Business Plan: Priced at Rs. 1999 per year, this plan provides a plethora of advanced features, making it suitable for businesses looking for a more comprehensive billing and invoicing solution.

The pricing structure and feature set make Sleek Bill a suitable choice for small to medium-sized Indian digital businesses looking for a cost-effective, GST-compliant billing solution.



In the realm of digital business operations, having a reliable and efficient accounting software is crucial for managing finances, tracking expenses, and ensuring tax compliance. The journey we embarked on unfolds a summary of alternatives to QuickBooks, each with its unique set of features and pricing structures tailored for the Indian market. While QuickBooks has been a go-to solution for many, the exploration of alternatives such as Zoho Books, TallyPrime, FreshBooks, Invoice Crowd, Vyapar, and Sleek Bill opens up new avenues for finding a more suitable accounting software tailored to the distinct needs of Indian digital businesses.

Each of these alternatives presents a set of features and pricing structures that cater to different business sizes and operational requirements. From GST compliance, multi-currency support, and intuitive invoicing to robust reporting capabilities, these alternatives offer a gamut of features that can streamline business transactions and accounting processes for small to medium-sized enterprises.

As we venture into new horizons, exploring Invoice Crowd further could unveil a platform that aligns well with your business needs. With competitive pricing and a host of features tailored for Indian digital businesses, Invoice Crowd stands as a viable contender in the array of accounting software solutions.


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Did You Know?

Businesses that switched to Invoice Crowd have experienced a significant reduction in unpaid invoices and an increase in on-time payments.