Are you looking for 4 best accounting software solution in Nepal, well here we have brought you the best accounting software solutions available in Nepal along with their Pros and Cons. For impatient here are the 4 best accounting software in Nepal that are dominating Nepali software market. MNR Solutions, Swastik, IMS Software, and Saral also, Tally used for accounting solutions.
To ensure a good or best accounting software in Nepal, several important features and considerations are required. Here are some key aspects to look for in accounting software specifically tailored for Nepalese businesses:
Feature Considerations
Compliance with Nepalese Accounting Standards: The software should support the accounting principles and practices followed in Nepal, including adherence to the Nepalese Financial Reporting Standards (NFRS) or International Financial Reporting Standards (IFRS) as adopted in Nepal.
Multi-Currency Support: As businesses in Nepal often deal with multiple currencies, the software should be capable of handling transactions, reports, and conversions in different currencies accurately.
Nepalese Taxation System Integration: The software should be capable of integrating with the Nepalese tax system, including support for VAT (Value Added Tax), TDS (Tax Deducted at Source), and other applicable taxes and deductions.
Localization: The software should be localized to Nepalese requirements, including language support (Nepali and English), date formats, numbering systems, and other local preferences.
Bank Integration: Integration with Nepalese banks allows for seamless bank statement imports, automatic reconciliation, and real-time transaction updates, enhancing efficiency and accuracy.
Inventory Management: For businesses dealing with inventory, the software should have robust inventory management features, including tracking stock levels, generating purchase orders, managing stock valuation, and handling units of measure specific to Nepal.
Payroll Processing: Nepalese payroll regulations can be complex, so the software should support local payroll calculations, tax deductions, and reporting requirements. This includes the ability to handle statutory deductions like Provident Fund, Social Security, and Gratuity.
Reporting & Interface
Audit Trail and Data Security: To ensure data integrity and compliance, the software should provide an audit trail feature, allowing you to track changes made to financial records. Additionally, robust data security measures, such as encrypted storage and user access controls, are crucial.
Reporting and Analytics: The software should offer a wide range of financial reports, such as balance sheets, income statements, cash flow statements, and customizable reports specific to Nepalese regulatory requirements. Advanced analytics features can also provide valuable insights for decision-making.
User-Friendly Interface: A user-friendly interface with intuitive navigation and well-designed workflows ensures that users can easily understand and operate the software. This is particularly important for businesses that may have varying levels of computer literacy among their employees.
Pricing: A fair or reasonable pricing from the software provider, including support, tutorials, greatly assist users in effectively utilizing the software. Value for money with Nepal’s standard.
Support and Training: Adequate support and training resources from the software provider, including documentation, tutorials, and responsive customer support, can greatly assist users in effectively utilizing the software.
Remember that it’s essential to consider the specific needs of your business and consult with accounting professionals to determine the most suitable accounting software for your organization in Nepal. Now moving to the list of accounting software that are 4 best accounting software in Nepal are highlighted below: –
#1 MNR Solutions: –
It might sound like a new software for you however it is growing so fast. MNR Solutions is one of the fastest growing accounting software in Nepal with billing features and IRD approved. The general account and inventory system will cost you 25,000 plus Tax and for IRD approved version you have to pay 5000 extra plus tax. Additionally, MNR provides you superb customer support and Free version software to student or learner with maximum features.
Pros
- User Friendly Interface
- Super Easy To Use
- Cost Effective
- Lots of Tutorials available
- Free Version to learner
- Customization Available as per need of the business
- Great
Cons
- Being new in the market adoption is slow.
- Less brand awareness
Contact Details
- Website: – https://mrsolution.com.np/
- Telephone: (+977) 1-4430676 / 4438465 Mobile: 980-1093560 / 980-1093561
- Address: Putalisadak, Computer Bazar 4th floor
- Email: [email protected]
#2 Swastik: –
Swastik is a popular software company in Nepal. I have used Swastik while performing audit of a manufacturing company, what I observed there is few report you can’t get also, support is not quick. Now few reports does not means there is a problem as a whole. The software is awesome and widely used by almost every sector in Nepal. As far as I know, Swastik is most used software in Nepal. It cost you 30K plus Tax for normal and 45K plus Tax for IRD approved.
Pros
- User Friendly Interface
- Super Easy To Use
- Few Tutorials available
- Customization Available as per need of the business
- Highly Adopted Software
Cons
- No free version available
- Not Prompt customer service
Contact Details
- Website: – www.hitechnepal.com.np
- Telephone: 01-5389641, 01-5389642, +977-9803601598, 9802017029
- Address: 4th floor, Divine Complex, Kalimati, Kathmandu
- Email: [email protected]
#3 IMS Software: –
Another great software used by even Bhatbhateni and other big marts and various retail business. IMS is a great software there is no doubt about it. The charges are like Swastik and you get superb customer support. The reason I am putting it at number 4 is due to its uses is difficult for new accountant and you need to learn it. Front end and backend handled separately which is kind of thing accountant avoid. Data merging becomes tedious in IMS and hence it is at number 4.
Pros
- Handled complex transactions and branch entries smoothly.
- Few Tutorials available
- You can assign and limit every people transactions.
- Customization Available as per need of the business
- Highly Adopted Software by big enterprises
- Quick Customer Support
Cons
- No free version available
- Difficult to handle by single user
- Data merging issue
Contact Details
- Website: – www.imssoftware.com.np
- Telephone: Tel: (+977) 01-5970124
- Address: 1st Floor, Baba Krishna Plaza, Main Road, Tripureshwor Kathmandu, Nepal, 44600.
- Email: [email protected]
#4 Saral:-
Saral cost you similar than MNR solutions and is also one of the best available accounting and inventory management software in Nepal. Now, Saral is saral to use but you have less tutorial available with you. Now it appears that Saral is backed by Tally Nepal, the developer is not same. Why I have kept this software at number 4 is because Saral is less prioritized by its group and more focused on Tally. Saral has less features compare to others above available in Nepal. It is also the software I have least used and personally there are lot of improvement to make.
Pros
- Cost Effective.
- Few Tutorials available
- Customization available as per need of the business
- Decent customer support
Cons
- No free version available
- Difficult to handle by single user
- Data merging issue
Contact Details
- Website: – www.cncnepal.com/saral-the-easy-billing-software-and-its-use.php
- Telephone: 4545998, 4545997, 4536530
- Address: 223 Maitidevi Marg, Kathmandu (Maitidevi Mandir Car Parking)
- Email: [email protected]
Now, most of you thinking about Tally ERP or Prime so let me remind you tally does not have IRD approval in Nepal meaning you can’t issue bill to the people using Talley. However, Saral is the company which partner with Tally Nepal to provide IRD approval billing and accounting software in Nepal. Tally require proper knowledge of accounting as you have to know both debit and credit effect.
Conclusion:
Now I have used all these accounting software’s personally so, I can tell you the exact difference. Now to clear the confusion this is not paid or sponsored post, if you do not agree with my view please comment below and let me know if I have missed anything. This much for today on 4 best accounting software in Nepal we will sharing more insights on coming articles.
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