Usage of Accounting Software by Micro Business Units of Rajasthan

Task of accounting has to be done with precision and promptness. Irrespective of the size of business this is an essential business activity that is vital for analyzing financial health of the business. Micro business units generally do not have separate accounts department either the owner or any responsible person having some understanding of accounts is assigned this task. With the advancement of technology this is done through accounting software on computer. In the last decade mobile has also revolutionized the accounting sector. Micro units have also started using mobile applications for maintaining their accounts. Thorough investigation has been made in four cities of Rajasthan to understand the uses of different accounting software and mobile applications for accounting. It has been found the Tally Prime is the market leader followed by Busy Accounting Software, Marg ERP, Zoho Books and Vyapar. While in mobile application Khatabook is the clear market leader followed by Vyapar, myBillBook and OkCredit. Study revealed there is significant difference in the usage of different accounting softwares and mobile application. Satisfaction from the users is significantly high for Tally Prime and Khatabook compared to other products available in the market