Nestled in the heart of the Himalayas, Nepal is not only renowned for its breathtaking landscapes and rich cultural heritage but also for its rapidly growing business landscape.
As more and more entrepreneurs and businesses emerge in this beautiful country, the demand for efficient accounting software has soared. From bustling Kathmandu to the serene valleys of Pokhara, Nepalese businesses are seeking reliable tools to streamline their financial processes and propel their growth.
In a market brimming with options, navigating through the myriad of accounting software can be daunting.
Whether you’re a small business owner looking to simplify your bookkeeping or a seasoned accountant aiming to enhance your financial management capabilities, finding the right software is paramount.
Join us as we unveil the top 5 accounting software solutions that are transforming financial operations across Nepal’s diverse business ecosystem.
1. MARG ERP
MARG ERP is a leading provider of integrated business application software and apps for micro, small, and midsize businesses. It is a Guinness World Record Holder, ISO certified, and a CMMI Level 3 Company. MARG ERP is listed on the Inland Revenue Department (IRD) for online billing purposes. Gateway Services and Technology Pvt. Ltd is an authorized business partner in Nepal of MARG ERP.
MARG ERP 9+ is loaded with features that cater to the needs of small, midsize, and enterprise businesses. It offers functionalities such as order management, purchase management, costing with planning, inventory management, and more.
The software also provides real-time visibility for inventory management, customizable reports, cash and GST management, and reporting and analytics tools for data-driven decision-making.
The pricing for MARG ERP varies based on the edition and additional services required. The basic edition is priced at NPR 8100, and additional charges may apply for customization, training, and implementation. For more detailed pricing information, it is recommended to contact the authorized business partner in Nepal.
- MARG ERP offers several significant advantages for businesses, including robust inventory management with real-time visibility, simplification of complex accounting tasks, reporting and analytics tools for data-driven decision-making, and a user-friendly interface that reduces training time.
- The software enhances efficiency, reduces costs, and boosts accuracy across departments, making it a highly beneficial tool for businesses seeking operational optimization and growth.
- While MARG ERP has many advantages, specific cons or drawbacks were not explicitly mentioned in the available sources.
MARG ERP is a feature-rich accounting software solution that caters to the needs of businesses in Nepal.
It offers a range of functionalities, customizable pricing options, and significant benefits for businesses, making it a valuable tool for operational optimization and growth.
For more detailed pricing and customization information, it is advisable to contact the authorized business partner in Nepal.
2. Tally ERP
Tally ERP also known as TallyPrime, is a popular accounting software in Nepal that enables more than 2 million businesses worldwide. It is not listed on the Inland Revenue Department (IRD) for online billing purposes.
Tally ERP 9 is a robust accounting software with a wide array of features, including ledger management, invoicing, budgeting, and the generation of financial statements.
It seamlessly integrates with other software systems, providing valuable customer insights and empowering businesses to make prompt decisions grounded in accurate data.
The software also boasts advanced features such as cash management, inventory control, and tax compliance, making it indispensable for businesses requiring robust accounting and management software.
TallyPrime offers different pricing plans to cater to the needs of various businesses.
The pricing includes options such as Silver Rental, Gold Rental, and standalone PC editions, with prices ranging from INR 600 per month for a single user to INR 54,000 for the Unlimited multi-user edition for multiple PCs on a LAN environment. All prices are exclusive of 18% GST.
- TallyPrime is praised for its user-friendly interface, making it easy for entrepreneurs to handle their financial affairs. It offers matchless drill-down options, from anywhere to the basic entry, and provides secure data management, real-time access to financial information, and seamless collaboration among teams.
- The software is designed to streamline accounting, financial, and inventory management processes with user-friendly interfaces and advanced features. It enables businesses to handle tasks such as invoicing, GST compliance, expense tracking, and report generation.
- Some users have mentioned that the pricing of Tally ERP 9 is relatively high, and there are concerns about the cost for individual account holders. Additionally, there are comments about the lack of automation, which may require additional payments for certain features.
Tally ERP 9, or TallyPrime, is a feature-rich accounting software solution that offers a wide range of functionalities, pricing options, and significant benefits for businesses.
It is designed to streamline accounting, financial, and inventory management processes, making it a valuable tool for businesses seeking efficient resource allocation and informed decision-making.
However, potential users should consider the pricing and automation concerns when evaluating this software for their business needs.
Another one of the leading accounting software in Nepal is Jisort.
Jisort is a cloud SaaS banking solution designed for banks, FinTechs, and MFIs. It offers a range of features, pricing options, as well as pros and cons.
Jisort is a secure and compliant cloud banking platform that supports a wide range of financial and banking products, including collateral-based lending, collateral-less lending, credit score-based lending, digital lending, mobile lending, table banking lending, savings and deposits, term deposits, fixed deposit, current accounts and tellering, accounting, financial reporting, reports, and analytics.
It also provides seamless integrations with bank APIs, payment providers API, and bulk SMS APIs, allowing for easy connectivity and functionality.
Jisort is priced based on users, allowing businesses to start small and scale the system with demand.
This user-based pricing strategy offers on-demand scalable pricing and free API calls.
The platform operates on a pay-as-you-go model, enabling scalability and flexibility for financial institutions.
Detailed pricing plans, including starting prices, free versions, and trials, can be obtained by contacting Jisort directly.
- Scalable pricing model based on users, allowing businesses to start small and grow with demand.
- Seamless integrations with bank APIs, payment providers API, and bulk SMS APIs.
- Secure and compliant cloud banking platform designed to automate services and launch digital banking products in hours.
- 24/7 support with human support available via WhatsApp, live chat, email, tickets, and phone for technical and general support matters.
- Only good for lending institutions
Jisort offers a secure and compliant cloud banking platform with a user-based pricing strategy, seamless integrations, and 24/7 support.
Its wide range of financial and banking products makes it a valuable solution for banks, FinTechs, and MFIs in Nepal. For more detailed pricing and customization information, it is advisable to contact Jisort directly.
FreshBooks is an invoicing software that is easy to use and is one of the best invoicing software for small businesses in Nepal.
It is an online accounting software that is designed to enhance the efficiency of business operations.
FreshBooks is a user-friendly accounting and invoicing software designed for freelancers, solopreneurs, and small business owners. It offers a range of features, including:
- Invoicing capabilities for easy invoice creation and payment acceptance through various methods such as credit and debit cards, ACH transfers, Stripe, and PayPal.
- Expense receipt scanning, uploading, and categorizing.
- Basic accounting reports and accountant collaboration.
- Project profitability tracking and customizable email templates for Premium and Select plans.
FreshBooks offers multiple pricing plans tailored to different business needs:
- Lite Plan: Priced at $17 per month, with an introductory price of $8.50 per month for the first six months.
- Plus Plan: Priced at $15 per month.
- Premium Plan: Priced at $27.50 per month.
- Additional fees apply for extra features and services, and there is a free 30-day trial available.
- User-friendly interface with a low learning curve, making it accessible for users with varying levels of technical expertise.
- Reasonably priced in the accounting software realm, offering value for money with its features and capabilities.
- Excellent support and high-quality service, as reported by users.
- The starting cost of $15 per month is considered heavy by some users, and additional features require extra payment.
- Additional users cost an extra $11 per month, which may be a drawback for businesses requiring multiple user access.
FreshBooks is a well-rounded accounting software solution with a focus on ease of use and invoicing capabilities.
Its pricing plans cater to different business sizes, and it offers a range of features to streamline accounting and invoicing processes.
While some users may find the starting cost and additional fees to be a downside, the overall value and user satisfaction with the software are notable.
5. Zoho Books
Zoho Books is a cloud-based accounting software in Nepal that is designed to help small businesses manage their finances. It offers features such as invoicing, expense tracking, and inventory management.
Zoho Books offers a comprehensive set of features to help businesses manage their accounting tasks effectively. Some of the key features include:
- Customer Portal
- Customizable Invoice Templates
- Online payments
- Transaction approval
- Recurring expenses
- Vendor credits
- Landed cost
- Inventory tracking
- Price lists
- Inventory adjustment
- Automated bank feeds
- Transaction matching
- Schedule reports
- Customizable reports
- Share reports
- Multiple project management
- Role-based access
Zoho Books offers a range of pricing plans to cater to different business needs.
The subscription options range from $15 per month to $240 per month, billed annually.
The free plan is available for businesses with revenue below $50K USD per annum. Additional fees apply for extra features and services, and there is a 14-day free trial available.
- Effortless setup and import
- Customizable templates
- Affordable pricing plans
- Stress-free sales tax management
- Seamless document management
- Integrated with Zoho’s suite of business applications
- Some users find the software unnecessarily complicated, especially for those not familiar with accounting.
- Limitations for businesses beyond the small business category.
Zoho Books offers a feature-packed accounting software solution with a range of pricing plans to suit different business sizes.
Its seamless integration with other Zoho applications and stress-free sales tax management are notable advantages.
However, users not familiar with accounting may find the software complex, and it may have limitations for businesses beyond the small business category.
Other notable accounting software options in Nepal include Sage Intacct, Oracle NetSuite ERP, Melio, Paytiko, and Creatio.
Accounting Software Comparison Table in Nepal
Here is a comparison table of the top 5 accounting software options in Nepal:
|Integrated business application software, online billing, ISO certified
|Contact for pricing
|Business management software, enables 2 million businesses worldwide
|Contact for pricing
|Desktop, web, and mobile application, customizable
|Invoicing software, easy to use, cloud-based
|Starts at NPR 1,800/month
|Cloud-based accounting software, invoicing, expense tracking, inventory management
|Starts at NPR 1,500/month
In conclusion, choosing the right accounting software is crucial for businesses in Nepal to manage their finances effectively. The top 5 accounting software options in Nepal are MARG ERP, Tally ERP, Swastik, FreshBooks, and Zoho Books.
Each software has its own unique features and benefits, so it is important to evaluate them based on your business needs and budget.