Shoeboxed vs TallyPrime

Last Updated:

Our analysts compared Shoeboxed vs TallyPrime based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Shoeboxed Software Tool

Product Basics

Shoeboxed is a business document management and online receipt service that helps track expenses by scanning, organizing and categorizing receipts and business cards into a searchable cloud database. It helps small businesses focus more time on core objectives and less on paperwork by turning physical files into digital data. Available through the web app and mobile apps, it aids small businesses and entrepreneurs to get organized and maximize tax deductions.
read more...
TallyPrime is a business management software catering primarily to small and medium-sized businesses (SMBs) across various industries. It offers a comprehensive suite of features encompassing accounting, inventory, taxation, payroll, and compliance management. Prized for its user-friendly interface and robust data security, TallyPrime simplifies financial tracking, reporting, and inventory control. Popular features include multi-lingual support, remote access capabilities, and customizable dashboards for real-time business insights. Compared to similar products, users praise TallyPrime's affordability, strong customer support, and ease of implementation. However, some find its interface less modern and its reporting functionalities less flexible than competitors. Pricing typically falls within the mid-range for SMB accounting software, with options for one-time purchases or annual subscriptions based on the number of users and required modules.

Pros
  • User-friendly interface
  • Robust data security
  • Affordable pricing
  • Strong customer support
  • Easy implementation
Cons
  • Less modern interface
  • Limited reporting flexibility
  • Not ideal for large enterprises
  • Fewer integrations compared to competitors
  • Occasional performance issues
read more...
$18 Monthly
Get a free price quote
Tailored to your specific needs
$8 Monthly
Get a free price quote
Tailored to your specific needs
Small 
i
Medium 
i
Large 
i
Small 
i
Medium 
i
Large 
i
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Flexible Receipt Capture: Upload images from anywhere through mobile applications or drag and drop from the desktop and send the receipt through email. 
  • Human Verified Data: Use extracted information that gets double-checked by a team of experts. Organize fully searchable and editable data. 
  • Simplified Expense Reports: Export, share or print information with just a few clicks. Use the receipt images to make tax preparation and reimbursement easy and hassle-free. 
  • Better Audit Readiness: Scan and properly categorize documents to ensure they are always ready for the audit. 
  • Secure Data: Store all papers and documents. Use the Secure Socket Layer encryption to protect digital data. 
read more...
  • Streamlined operations: TallyPrime centralizes accounting, inventory, payroll, and compliance tasks within a single platform, eliminating data silos and manual redundancies. This consolidation leads to smoother workflows, improved accuracy, and a reduction in administrative overhead.
  • Enhanced financial visibility: The software generates real-time reports, dashboards, and financial statements, providing up-to-the-minute insights into business performance. This transparency empowers informed decision-making, proactive budgeting, and better financial control.
  • Optimized inventory management: TallyPrime tracks stock levels, monitors product movement, generates purchase orders, and automates stock reordering. This optimization ensures inventory accuracy, minimizes stockouts, and reduces carrying costs.
  • Simplified compliance: The software automates tax calculations, generates compliant reports, and streamlines tax filing processes. This helps businesses stay up-to-date with evolving tax regulations and mitigate compliance risks.
  • Enhanced decision-making: The data-driven insights provided by TallyPrime empower businesses to make informed decisions regarding resource allocation, pricing strategies, inventory optimization, and financial planning.
  • Improved productivity: Automation of recurring tasks, intuitive navigation, and multi-user capabilities boost staff productivity and free up time for more strategic initiatives.
  • Enhanced collaboration: Role-based access and multi-user capabilities foster seamless collaboration across departments, ensuring data integrity and streamlining communication.
  • Enhanced security: TallyPrime safeguards sensitive financial data with robust security measures, including data encryption, access controls, and audit trails. This protects against unauthorized access, data breaches, and financial irregularities.
  • Improved customer satisfaction: Accurate invoicing, timely payment processing, and streamlined customer support contribute to enhanced customer experiences and stronger business relationships.
  • Scalability: The software can accommodate business growth with ease, supporting multiple users, locations, and expanding operations without requiring system overhauls.
read more...
  • OCR and Human Data Verification: Extract receipts and transform them into human-verified data. Digitize and archive them into a single secure location. Convert document digitally into any format and make it editable. Enable automation of specific tasks and get bulk data entry done in minutes. 
  • Online Organization: Ensure that all the images of the receipt are accepted by the Internal Revenue Service and the Canada Revenue Service and keep them audit ready. Ensure all the receipts get scanned, easy to locate and comprehensively categorized. 
  • Expense Report: Create comprehensive expense reports with receipt images from anywhere using the web or mobile app. Ensure accurate and timely expense reporting without paper receipts. 
  • Integration: Eliminate the worry of manual data entry or errors by seamlessly working with other accounting tools like QuickBooks, Evernote, Bench, Working Point, SkyClerk, Abbyy and more. 
  • Automatic Receipts Archive: Import receipts automatically from Gmail so that they are never lost. Archive receipts from any email by sending it to a unique, secure email address. 
  • Business Card Management: Free users from the worry of carrying piles of business cards with the possibility of losing them. Transform business cards into online contacts. Download the database as a CSV file or send it to a CRM program for further communication. 
  • Mobile Apps: Take receipt images from the phone with their free app with receipt and mileage tracker. Get accurate mileage tracking with its phone’s GPS capability. Keep track of business expenses, mileage and billable time. Pull in data automatically and create an expense report. 
read more...
  • Invoicing and Accounting: Create GST-compliant invoices, manage receivables and payables, track expenses, reconcile bank statements, generate financial reports, and manage multiple ledgers.
  • Inventory Management: Track stock levels, set reorder points, generate purchase orders, manage multiple warehouses, track batch and serial numbers, and handle multiple stock valuation methods.
  • Payroll: Calculate salaries, generate payslips, manage employee attendance, track leave balances, process statutory deductions, and comply with payroll regulations.
  • Taxation: Automate GST calculations, generate tax reports, file GST returns, manage e-way bills, and comply with other tax regulations.
  • Customizable Dashboards: Create personalized dashboards to visualize key business metrics, track performance trends, and gain real-time insights.
  • Remote Access: Access TallyPrime from anywhere with an internet connection, enabling remote work and collaboration.
  • Multi-lingual Support: Operate the software in various Indian languages, catering to diverse user preferences.
  • Data Security: Protect sensitive data with multi-level security measures, including encryption, password protection, and access controls.
  • Industry-Specific Features: Cater to the unique needs of specific industries, such as manufacturing, retail, distribution, and healthcare, with tailored features and reporting capabilities.
  • Customization Options: Tailor the software to specific business needs through user-defined fields, report formats, and workflows.
  • Integrations: Connect with external applications like bank feeds, payment gateways, and e-commerce platforms.
read more...

Product Ranking

#146

among all
Accounting Software

#340

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

we're gathering data
78
we're gathering data
89
we're gathering data
88
we're gathering data
93
Show More Show More

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Shoeboxed
TallyPrime
+ Add Product + Add Product
Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 89 88 93 69 98 100 58 100 77 60 72 82 60 70 62 0 25 50 75 100
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
78%
0%
22%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
89%
0%
11%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
80%
0%
20%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
54%
0%
46%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
100%
0%
0%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
100%
0%
0%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
23%
0%
77%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
100%
0%
0%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
60%
0%
40%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
20%
0%
80%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
60%
10%
30%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
78%
0%
22%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
40%
0%
60%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
58%
0%
42%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
60%
0%
40%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
67%
0%
33%
we're gathering data
N/A
we're gathering data
N/A
we're gathering data
N/A
100%
0%
0%

User Sentiment Summary

Great User Sentiment 435 reviews
we're gathering data
88%
of users recommend this product

Shoeboxed has a 'great' User Satisfaction Rating of 88% when considering 435 user reviews from 2 recognized software review sites.

we're gathering data
4.38 (214)
n/a
4.4 (221)
n/a

Awards

we're gathering data

SelectHub research analysts have evaluated TallyPrime and concluded it earns best-in-class honors for Inventory Management.

Inventory Management Award

Synopsis of User Ratings and Reviews

Effortless Expense Tracking: Shoeboxed makes it easy to keep tabs on business expenses by converting receipts into digital data. This simplifies accounting by eliminating the need for manual data entry.
Mileage Deduction Calculation: The mileage tracking feature helps users maximize tax deductions by accurately logging business trips. This eliminates the hassle of manual mileage logs and ensures accurate records for tax purposes.
Organized Digital Records: Shoeboxed provides a central hub for storing receipts and invoices, making it easy to find documents when needed. This eliminates the need for physical storage and simplifies record keeping.
Show more
Simplified Accounting: Automates various accounting processes, from invoicing and GST compliance to bank reconciliation and financial reporting, saving time and minimizing errors.
Customizable Dashboards: Offers personalized dashboards with key performance indicators (KPIs) for a quick overview of business health, enabling informed decision-making.
Enhanced Inventory Management: Tracks stock levels, monitors movement, and generates reorder alerts to ensure optimal inventory control and prevent stockouts.
Secure Data Handling: Prioritizes data security with multi-level access controls, data encryption, and regular backups to protect sensitive financial information.
Scalability for Growth: Adapts to expanding business needs with modular licensing options, accommodating increased data volume and user count as the company grows.
Mobile Accessibility: Offers remote access through mobile apps for Android and iOS, enabling users to manage finances on the go and stay connected to business data.
Show more
Lack of Customization: Some users have expressed frustration with the lack of customization options for expense categorization. Shoeboxed automatically categorizes expenses, which may not always align with a business's specific accounting needs.
Limited Integrations: Shoeboxed's integrations with other accounting software can be limited, potentially requiring manual data entry for users who rely on specific accounting platforms.
Pricing: Some users find Shoeboxed's subscription plans to be expensive, particularly for businesses with low volumes of receipts.
Show more
Learning Curve: Steeper learning curve compared to some alternatives due to unique voucher entry system and extensive features, requiring time and effort to master.
Limited Customization: Offers restricted customization options in certain areas, potentially limiting flexibility for businesses with unique workflows or reporting needs.
Integration Challenges: Integration with third-party applications can be complex and may require additional development or reliance on third-party add-ons, hindering seamless workflows.
Performance Issues: Some users report occasional performance slowdowns, especially when handling large data volumes or running multiple tasks simultaneously, potentially impacting productivity.
Customer Support: Mixed experiences with customer support, with some users finding it helpful and responsive while others report delays or limited expertise in resolving complex issues.
Show more

Recent user reviews suggest that Shoeboxed can be a valuable tool for small businesses and individuals looking to streamline their accounting processes. Users praise Shoeboxed for its ability to effortlessly digitize receipts and documents, eliminating the need for bulky physical storage. This feature proves particularly useful for individuals who frequently travel or have limited office space. The ability to access financial records from any location with an internet connection is also highlighted as a major advantage. However, some users express concerns about the software's learning curve, finding the initial setup and navigation somewhat cumbersome. Others point out that the expense tracking functionality, while helpful, lacks the robust reporting capabilities of dedicated accounting software like QuickBooks or Xero. Shoeboxed's strength lies in its simplicity and ease of use for basic accounting tasks, making it ideal for freelancers, contractors, and small business owners who need a straightforward solution for managing receipts and generating expense reports. For users requiring more advanced accounting features, integrating Shoeboxed with dedicated accounting software might be a more suitable approach.

Show more

TallyPrime garners praise for its robust accounting features, user-friendly interface, and strong data security. Users appreciate its ability to automate tasks like invoicing and GST compliance, saving them time and minimizing errors. Additionally, customizable dashboards and mobile accessibility are lauded for providing real-time business insights and on-the-go management capabilities. However, some find its initial learning curve steeper than competitors like QuickBooks due to its unique voucher entry system. While its feature set is extensive, limited customization options might restrict flexibility for businesses with specific workflows. Integration with third-party applications can also be challenging, requiring additional effort or reliance on external solutions. TallyPrime's strengths lie in its comprehensive accounting functionalities, data security measures, and affordability compared to similar ERP systems. However, its steeper learning curve and limited customization options might deter beginners or businesses with unique needs. Users considering TallyPrime should weigh its strengths against its potential drawbacks and compare it to alternatives based on their specific requirements and technical expertise.

Show more

Screenshots

Top Alternatives in Accounting Software


Accounting Seed

Acumatica

BQE Core

Dynamics 365 Finance

FreeAgent

Freshbooks

Manager

Odoo Accounting

Oracle Financials Cloud

Patriot Accounting

QuickBooks Online

Sage 50cloud Accounting

Sage Intacct

SAP Business One

SAP S/4 HANA Finance

TallyPrime

Wave Accounting

Workday Financial Management

Xero

ZarMoney

Related Categories

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

Compare products
Comparison Report
Just drag this link to the bookmark bar.
?
Table settings