OneHash: An Accounting Alternative to QuickBooks in India

Managing accounts, and keeping track of cash flow, expenses, and revenue consumes a big chunk of business operations every day! However, now that technology is evolving rapidly, there are many software available that can take care of accounting so that you don’t have to.

If you are a business owner you must have come across QuickBooks. It’s one of the most widely used accounting platforms, covering the usual ground — invoicing, expense tracking, financial reporting, inventory and payroll.

QuickBooks announced that it is shutting down its operations in India, which has made finding the right alternative more urgent for businesses that were relying on it.

What businesses switching from QuickBooks tend to run into

Cost that scales awkwardly as a team grows, and a learning curve for anyone not already familiar with accounting software, are the two complaints raised most often about accounting platforms in general, QuickBooks included. Beyond that, experiences vary enough by business and by region that it’s worth checking against your own requirements rather than taking a generic list of shortcomings at face value.

What OneHash covers instead

OneHash is an accounting and operations system built to handle the day-to-day financial work a growing business needs, without a separate migration for every new requirement.

1. Comprehensive accounting: create a chart of accounts, set fiscal year details for sales goals, and maintain financial book payments — plus journal entries, templates, and ledger summaries for customers and suppliers.

2. Manage account receivables and payables: sales and purchase invoices, customer and supplier details, payment entries and requests, accounts receivable summaries, and purchase order analysis.

3. Budgeting, taxes, and profit tracking: monthly disruptions and budget reports against your chart of cost centers, so you can keep tabs on costs and income, plus sales, charges, and item templates.

4. Financial statements: trial balance, profit and loss statements, balance sheets, cash flow, and a consolidated financial statement.

5. Banking, shares, and subscriptions: bank accounts, clearances, and reconciliation statements, alongside subscription plans, shareholders, and share transfer details.

6. Reporting: a party’s trial balance and payment period based on invoice dates, sales partners’ commission, customer credit balance, and sales payment summaries with contact analysis.

OneHash is priced per user rather than per company, with a demo available before you commit to a switch. See pricing for current plans.