Online Accounting Startup, ReachAccountant Secures Funding from Rajan Anandan and Rehan Yar Khan

Online accounting startup, ReachAccountant has secured first round of funding from Rajan Anandan and Rehan Yar Khan.reachaccountant

Over 1000 SMB’s in Chennai and Bangalore currently use to prepare their accounts automatically. The application helps small businesses save more than 80% on the cost of accounting and reduces their bookkeeping time by over 50%. Unlike traditional accounting software, imports transactions from Bank Current Accounts and categorises them automatically.

ReachAccountant vs. Tally – A Comparison

Daily Bank FeedAvailableNot Available
Auto-Bank ReconciliationNoNo
Web-Based, No InstallationsYesNo
PayrollYesAvailable only in ERP
I-phone/ Android ApplicationNoNo
Bulk Import from ExcelYesNo
Accountant SupportHas support accountantsNo
Indian Tax ReportsYesYes
Price of comparative plans ( without accountant support ) in IndiaRs. 1000/- p.mRs. 40,000 one-time for ERP
White Label SolutionNoNo
Accountant ModuleReady NowYes

Update: from comments by readers:

Tally does support multi-currency.
2. Tally supports bulk import from excel.
3. Tally has hundreds of add-ons (known as TDLs) available from dealers or TallyShop (


Post funding, Rajan Anandan will join the board of

“It is imperative for every business to have a great accounting system. But more often than not, SMBs cannot find a one stop solution for their accounting needs. Reach Accountant has stepped in to fill this void with its unique cloud based solutions. We are very excited about the growth trajectory of the business and look forward to working with Robin to build a very innovative Cloud company” [Rajan Anandan]

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