Best Accounting Software

"Best Accounting Software"
"Good management tool with a plethora of customisable reports. Economical"

Digit magazine (July 2004) declared Wings Accounting Version 16 to be the Best accounting software in India. Here is the full article.

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Wings is one of the crown holders in our previous tests, and this time too, it stood up to the test. What first grabs your attention is the neat menu layout with dividers to group and sub-group functionalities.

There's almost no feature that wings lacks

Wings presents a range of new features like a History file, pending bills, year ending process, peak balance, etc. The History file feature is of utmost importance, as it can reconstruct the entire database if disaster should strike. The History file feature takes incremental backup. If you have offices in multiple locations, you can have a central database repository where all the other locations would send the incremental data to, by e-mail. This would then be used to sync the central database with the location databases.

Wings provides ways whereby users can be restricted on a field-by-field basis.

What helped wings retain the crown were its reports

It has a whole gamut of reports, right from basic trial balance to advanced reports such as reorder report, sales tax report, excise duty report, et. Each report is entirely customisable. In the collection of reports, some reports are based on new concepts such as transaction analysis, trend analysis, deleted voucher report, etc. The bulk import facility provides a way to easily import large volumes of data.

An example of how feature-rich the software is, is that the interest calculation feature for late payments has been extended to a slab architecture whereby, as the payment gets more and more delayed, different interest rates can be applied. Another new feature is the peak balance report, which not only shows the peak balance report, which not only shows the peak balance, but also the date upon which the peak balance, but also the date upon which the peak balance occurred, for both debit as well as credit.

Conclusion

Of the software we tested, only four came close in terms of features - Tally, EQA, Wings and Ex. Each provided some advanced features such as budgeting, cost centres, etc., which made it difficult to declare one as a clear winner. The ease-of-use factor, too, didn't help in putting one software at the top slot. Finally, it was the kind and number of reports that brought out what little difference exists among the software. EQA provides ABC analysis as a unique report, while Ex provides comparative reports for BS and PNL. Similarly, Wings provides trend analysis and transaction analysis. The major difference between our winner- Wings - and the others, was the customisation of reports that Wings allows, in line with the bunch of reports and the report writer that it provides.

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