Free Accounting Software for Small Business in India

GST compliance is mandatory — and the details matter

Every B2B invoice must include GSTIN, HSN/SAC codes, and correct CGST/SGST/IGST breakdowns. An incorrect invoice cannot be used by your customer to claim input tax credit — creating disputes and lost business relationships.

Manual invoice creation in Word or Excel is error-prone

Manually calculating GST on each invoice, maintaining sequential invoice numbers, and ensuring correct tax rates per item type is time-consuming and easy to get wrong. Errors trigger GST notices and compliance issues.

Bank reconciliation done once a year by CA reveals problems too late

When reconciliation only happens at year-end, discrepancies between your books and bank statement go unnoticed for months. Accounting software lets you reconcile monthly and catch issues before they compound.

No real-time cash flow visibility during the month

Without accounting software, business owners only know their cash position when they check their bank balance — not when they look at their books. Outstanding invoices, upcoming bills, and true profitability are invisible until month-end.

GST Invoicing

Create GST-compliant invoices with GSTIN, HSN/SAC codes, and automatic CGST/SGST/IGST calculations based on interstate or intrastate supply. Download as PDF or email directly to clients.

Expense Tracking

Record vendor bills and business expenses by category. Track what you owe to vendors and see your spending breakdown by category to control costs.

Bank Reconciliation

Import your bank statement and match transactions against your recorded income and expenses. Catch discrepancies early instead of discovering them at year-end.

GST Reports

Generate GSTR-1 (outward supply) and GSTR-3B (summary return) data summaries automatically. Share with your CA for filing — no manual compilation from invoices.

P&L and Cash Flow

Real-time profit and loss statement and cash flow report so you know exactly how your business is performing without waiting for your CA's quarterly visit.

Accounts Receivable

See all outstanding invoices at a glance — which are paid, which are overdue, and total amount owed to your business. Follow up on late payments with full context.

Covered in EzNxt Accounting

• GST invoicing with GSTIN, HSN/SAC codes, CGST/SGST/IGST
• Expense tracking and vendor bill recording
• Bank reconciliation
• GSTR-1 and GSTR-3B data summaries
• Profit and Loss statement
• Cash flow report
• Balance sheet
• Accounts receivable and outstanding invoice tracking

Not Yet in EzNxt

• Direct GST portal filing (return filing done by your CA)
• Inventory management (in development)
• Payroll with PF/ESI statutory computation (in development)
• E-invoice portal (IRN) integration

For GST return filing, EzNxt generates the data your CA needs. Direct portal filing is on the roadmap.