Migrating from QuickBooks to Another Financial Management Suite in India

Here's what you need to know about QuickBooks Discontinuation Policy

The parent company of Quickbooks, Intuit, has decided to discontinue QuickBooks desktop products and services for accountancy and small business in India from April 30, 2023.
Discontinuation applies to all product subscriptions and services, including QuickBooks Online Accountant, QuickBooks Online, QuickBooks Time, and QuickBooks mobile app.
As of July 1, 2023, there will be no new subscriptions, and sign-ups to QuickBooks products in India will be accepted. Still, QuickBooks will remain available for current subscribers in India until April 30, 2023.
All paid subscriptions will be switched to a free subscription before July 31, 2023, to enable continued use through April 30, 2023, with no charges applied.
This development seems too sudden, and the company has not presented any specific reason for it yet. But it has further asked its consumers to download their data and transition out of the product. It’s vital to find alternatives to QuickBooks in India.

Please read this blog below to find alternative financial management software and migrate your existing QuickBooks to other accounting platforms.

What does it mean to current QuickBooks users in India?

After May 31, 2023, Intuit will discontinue services in both Mac and PC software versions, including all versions of QuickBooks Enterprise Solutions v20, Premier, and Desktop Pro.
It means all the users in India can no longer use the software and cannot access the features, accounts, and information of their original QuickBook online software. If you don’t use other add-on services in QuickBooks Desktop 2020, your product will work for you.
You won’t be capable of subscribing to live technical assistance or any other Intuit services that are integrated with QuickBooks Desktop. However, you can access QuickBooks Desktop Payroll Services, Online Banking, Online Backup, Live Support, and other services through QuickBooks Desktop 2020 software will be discontinued after May 31, 2023.

What happens to my business data?

As a company owner, you own the data, and it is under your control to remove your current accountant user at any time. Changing your financial data to software similar to QuickBooks will not affect your company data.
Contact your current accountant expert if you want to migrate to the best QuickBooks alternative software. They can help retrieve your account and download your business-related data, so you can log into your preferred financial suite and access your accounts without interruption.
To save your data in QuickBooks Online, you can open or run a report to export it to an excel sheet. Follow these easy steps to get your QuickBooks data:
- On the left pane of the dashboard, click Reports.
- Use the search bar to find the report you want to view and access.
- Click on the Export icon at the top right of each report using the drop-down arrow to Print or Download.
Once you cancel your QuickBooks Online subscription, you can still access read-only data of your financial business.
You can export your data within the one-year duration of your canceled or closed subscription.

What are the alternatives for QuickBooks Software in India?

You can find numerous alternative software similar to QuickBooks, which has all the necessary bookkeeping features. If you are scrutinizing the best QuickBooks alternative for your industry in India, here are some software similar to QuickBooks, such as Zoho Books, Tally, Xero, Sage, FreshBooks, Wave Accounting, and more.

There are several QuickBooks alternatives in India that you should consider, depending on your business needs and budget. Some options include:

Zoho Books:

This online accounting software offers invoicing, expense tracking, and inventory management features. It is appropriate for freelancers and small businesses. Contact us to Migrate QuickBooks Online to Zoho Books now:

Offers a range of features, including inventory management, expense tracking, and invoicing.
Integrates with other Zoho apps and third-party tools.
Offers a free trial for users to test out the software before committing to a plan.

Tally:

This is a popular accounting software in India that offers a range of features, including invoicing, inventory management, and payroll. It is suitable for small to medium-sized businesses.

Offers a range of features, including payroll, inventory management, and invoicing.
Has a user-friendly interface.
Offers a variety of pricing plans to suit different business needs.

ClearBooks:

Another QuickBooks alternative in India is ClearBooks, a cloud-based accounting software suitable for small businesses and freelancers. It offers invoicing expenses and financial reporting features.

Offers a range of features, including invoicing, expenses, and financial reporting.
Offers a free plan for users with basic accounting needs.
Has a user-friendly interface that is easy for new users to learn and navigate.

Busy:

This is an accounting software that is suitable for small businesses. It offers invoicing, inventory management, and financial reporting features best suited for QuickBooks alternatives in India.

Offers a range of features, including financial reporting, invoicing, and inventory management.
Offers a variety of pricing plans to suit different business needs.
Has a user-friendly interface that allows users to complete tasks more efficiently.

Marg:

Regarding the best QuickBooks alternative in India, Marg accounting software is suitable for small businesses and freelancers. It offers invoicing expenses and financial reporting features.

Offers a range of features, including invoicing, expenses, and financial reporting.
Margs has a user-friendly interface that reduces frustration for users.
Offers a free plan for users with basic accounting needs.

Xero:

Xero is a cloud-based accounting software and the best QuickBooks alternative in India, suitable for small to medium-sized businesses. It offers invoicing, expenses, and inventory management features.

Offers a range of features, including invoicing, expenses, and inventory management.
Integrates with other business apps and tools.
Offers a free trial for users to test out the software before committing to a plan.

Sage:

Sage is a range of accounting and business management software suitable for small to large businesses. It offers a variety of features, including invoicing, expenses, payroll, and financial reporting.

Offers a range of features, including invoicing, expenses, payroll, and financial reporting.
Suitable for businesses of all sizes.
Offers a variety of pricing plans to suit different business needs.

FreshBooks:

FreshBooks is an online invoicing and accounting software suitable for small businesses and freelancers. It offers invoicing expenses and time-tracking features and is India’s most acceptable QuickBooks alternative.

Offers invoicing, expenses, and time tracking features.
Has a user-friendly interface without confusing menus or error messages.
Offers a free trial for users to test out the software before committing to a plan.

Wave Accounting:

Wave Accounting is a free, cloud-based accounting software suitable for small businesses and freelancers. It offers invoicing expenses and financial reporting features that improve overall user satisfaction.

Offers invoicing, expenses, and financial reporting features.
Has a user-friendly interface to complete tasks quickly and efficiently.
Completely free to use.

Dynamics 365:

Microsoft Dynamics 365 is a suite of business applications that includes financial management and accounting tools. It suits small to large businesses and offers diverse qualities, including invoicing, expenses, and financial reporting.

Offers a range of features, including invoicing, expenses, and financial reporting.
Suitable for various industries verticals.
Integrates with other Microsoft apps and tools.

It’s worth considering a few different options and comparing their features and pricing to find the best QuickBooks alternative in India to fit your business.

Why choose Infomaze for Migration Services?

If this change impacted you, consider the best alternative solution that suits your business process. Infomaze has worked on QuickBooks and helped many customers to migrate their existing platform to Zoho Books, Tally, Zero, Sage, FreshBooks, Wave Accounting, and other software in India.
Get the best QuickBooks alternative for your businesses to manage finances and meet the GST and other regulatory-related obligations. Also, we are Zoho-authorized partners, and we provide seamless integration from QuickBooks to Zoho Books.
Our dedicated QuickBooks team has abundant experience in supporting businesses of all sizes across various industry verticals. We can work with you to identify the best solution for your business’s specific needs and migrate from QuickBooks to Zoho Books or other accounting software. Get in touch today!