5 PROFITBOOKS

Pros
Improves employee productivity with task management. Offers instant chat and customer support, data synchronization and regular free updates.

Cons
Does not offer online bank integration, CRM, POS, ecommerce integration and payslip generation facilities. Does not provide any addon for advanced and improved features.

The Verdict:8

Fastest growing & amazingly simple to use accounting software for Indian Businesses and helps you to create beautiful invoices, track expenses and manage inventory without any accounting background.



ProfitBooks is simplest online accounting software developed for small and medium sized businesses. The user interface is very simple and intuitive. The dashboard displays you the overall view and health of your business by showing income and expense overview, top five payables and receivables and details of sales by product/service in different graphical formats. You can manage your accounting, finance, inventory, payroll and invoices in efficient way and can access all your data on mobile, tablet or laptop. You can manage your service tax on sales and purchase, VAT on sales and purchase and add new tax and also create linked tax. You can also keep record of TDS & service tax transactions.

Accounting and Enterprise Features

You can create great looking professional invoices, receipts, estimate, purchase order and sales orders, record your purchases and expenses, manage your purchase orders and make payments to your suppliers. Profitbooks offers you the ability to customize invoices, create delivery challans from invoices, recurring invoices and time-based invoices and to convert estimate to invoices. You can directly email or save your invoices and receive payments from your customers. You can record all the journal entries, maintain chart of accounts and manage and track your projects and tasks efficiently. The reports of balance sheet, trial Balance and profit & loss reports, customer statement & outstanding due, product wise reports, task, timesheet reports and payroll reports, etc. are easily generated and made available without any complication.

You can reconcile your account details in profitbooks with bank accounts and manage your assets. You can effectively manage your customer, supplier and employee information. You can record multi-currency transaction to improve your business to international standard and get organized with projects by grouping your invoices, expenses and other transactions together. Profitbooks offers roll-based access to employees. You can categorize your expenses according to projects, and create multiple users with restricted actions.

Inventory and Payroll

You can manage your multiple numbers of inventories and warehouses at one place, and maintain level of the products stock and reorder level. Profitbooks offers you the ability to manage stock transfer between different warehouses/locations and stock wastage and identify top selling product. You can allocate the inventory to desired warehouses at the time of recording purchase and track slow moving items and product wastages due to expiry dates. Profitbooks offers you the ability to manage employees and run payroll in minutes. It provides HR management including employee leave management, salary structure definition, pay revision history maintenance, and payment advice generation for bank. Profitbooks instantly sends email regarding access to profitbooks account to each employee you add, so that each employee can individually manage their leave request, tasks and timesheets and view their basic contact and bank details and salary details.

Remote Access and Additional Business Services

Profitbooks allows you to access your data in profitbooks at anytime and from anywhere. The ability to have remote access to your data allows you to be updated regarding your invoices, expenses, cash flow etc. on the go. It instantly generated number reports of your choice and it offers several simple dropdown menus. You can instantly print, save or email your invoices to customers and attach scanned receipts to expenses. You also have options to save documents regarding tasks, etc. to profitbooks. Your inventory gets updated after each sale.

Pricing

Profitbooks offers free trial version for two weeks from date of activation. The professional plan of profitbooks costs about Rs. 5999 per year and includes accounting and payroll features. The SMB plan of profitbooks costs about Rs. 8999 per year and includes accounting, inventory and payroll features. It also offers discounts for 2yr, 3yr, and 5yr bulk payments and special pricing for startups and non-profits. The enterprise plan costs about Rs. 18000 per year and includes multiple branch management, document management and features in both professional and SMB plans.

Merits

Profitbooks improves employee productivity with task management and offers instant chat and customer support, data synchronization and regular free updates. The person without accounting knowledge can also use profitbooks easily. It provides the ability to invite the accountant to provide you suggestions on taxation, accounting and depreciation recording and other accounting queries at free of cost.

Demerits

Profitbooks does not offer online bank integration, CRM, POS, ecommerce integration and payslip generation facilities. It does not provide any addon for advanced and improved features. You cannot import or export data from and to other accounting softwares. It offers free access upto 10 users only, for every additional user, cost of about Rs. 45 is incurred.

Summary

ProfitBooks is fastest growing & amazingly simple to use accounting software for Indian Businesses and helps you to create beautiful invoices, track expenses and manage inventory without any accounting background. It offers accounting, inventory management, payroll management, branch accounting, document management, task management and contact management and productivity tools like tasks and project management. It helps you in focusing on profitability and easily finding out high value customers and top selling products.

  • Anytime, anywhere access

  • Online finance and accounting management

  • Multiple inventories management

  • Invoicing and billing

  • Sales/purchase order management

  • Document management

  • Customer and supplier management

  • Multiple currency

  • Task and project management

  • Payroll management

  • Taxation and quick reports

  • Timesheet

  • Production management

  • Profitbooks accounting software review, 2016
  • Profitbooks accounting software review, 2016
  • Profitbooks accounting software review, 2016
  • Profitbooks accounting software review, 2016
  • Profitbooks accounting software review, 2016


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