ProfitBooks

Brand : Profitbooks

4.0
19 Ratings & 19 Reviews
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Starting Price:

₹ 749 excl. GST

₹ 884 incl. GST

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Save upto 28%, Get GST Invoice on your business purchase |
T&C
Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:
- the GSTIN of the user associated with their registered business, and
- the specified Entity Name for their business.
It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.
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ProfitBooks Software Pricing, Features & Reviews

What is ProfitBooks Online Accounting Software?

ProfitBooks accounts management software for managing payroll as well as handling financial transactions. The simple accounting software aids in managing different aspects of invoices. ProfitBooks accounts management software is a cloud-based application and keeps data safe and secure from threats. Start-ups, small and medium enterprises and professionals find ProfitBooks cloud-based accounting software highly resourceful. Aside from its regular functions, it also helps follow up with customers for outstanding payments.

Why Choose ProfitBooks Acccounting Platform?

Extensive Invoicing: The software offers different invoicing features, including the ability to create and send professional invoices, track payments, and manage receivables efficiently.
Expense Tracking: ProfitBooks allows users to record and categorize expenses, helping businesses keep track of their spending and manage cash flow effectively.
Inventory Management: For businesses dealing with inventory, ProfitBooks provides features to manage stock levels, track inventory movements, and generate inventory reports.
GST Compliance: ProfitBooks offers tools to manage GST (Goods and Services Tax) compliance, including generating GST reports and filing returns, making it particularly useful for businesses in countries with GST regulations.

How ProfitBooks Helps Streamline Business Processes

ProfitBooks online accounting software helps in streamlining businesses with the following functions:

Customised invoices and templates.
High managerial capabilities such as managing documents, contacts, tasks and inventory.
Organises expenditure details for businesses that lack prior knowledge in accounts.
Easy processing of payments.
Efficient time management.
Robust inventory management.

Key Highlights of ProfitBooks

Businesses and professionals using ProfitBooks online accounting software can easily record different transactions and automating invoices for quick delivery of the products. The critical benefits offered by the ProfitBooks software are:

ProfitBooks software converts estimates into invoices for creating challans.
Varied expenses can be easily clubbed based on the type of project.
Users can easily store information related to finances in the form of entries.
Time based delivery of tasks and projects.

ProfitBooks Accounting Software Features

Get the best of accounting features with ProfitBooks online accounting software:

Create beautiful invoices
Track daily business expenses
Monitor banking transactions
Generates monthly payrolls in minutes
Helps manage stock efficiently

ProfitBooks Accounts Management Price

You can opt for different versions of ProfitBooks software, depending upon the nature of your business. Some of its popular plans are:

Professional Plan is available at Rs 2999/-
SMB Plan starts at Rs 749/-

If you are looking for a personalized plan for your specific accounting needs, please request a call back.

ProfitBooks Features

Core Functionalities

Payroll Management Streamlines the process of calculating employee salaries, tax deductions, and benefits.
Tax Management It automates the calculation, tracking, and reporting of various taxes.
Transaction Management Tracks, records, and categorizes financial transactions for accurate reporting.
Time & Expenses Management It is a process of recording, tracking, and managing employee working hours and business-related expenses.
Accounts Payable Refers to the money a business owes to its suppliers or vendors for goods or services purchased on credit.
Accounts Receivable It represents money owed to a business by its customers or clients for goods or services delivered but not yet paid for.
General Ledger It is a comprehensive record of all a business's financial transactions, categorized by accounts.
Quotation & Estimates Offers detailed price estimates to clients before finalizing sales, while estimates offer preliminary cost projections.
Statutory Compliances Ensures adherence to legal regulations such as tax laws, payroll requirements, and financial reporting standards.
Alerts & Notifications They are automated messages that inform users of important financial events, deadlines, or discrepancies.
Bank Reconciliation It is a process of comparing the balances in the company's records with the balances shown on the bank statement.
Collection Management A robust field that involves tracking & managing receivables, including invoicing, payment reminders, & follow-ups.
Receipt Management It involves capturing, organizing, & storing digital copies of receipts for expenses & purchases.
Multi Currency Support Refers to the software's capability to handle transactions, reporting, and financial management in multiple currencies.
Bookkeeping Capabilities Involves recording and managing financial transactions, tracking income and expenses, and keeping records current.
Trial Balance Preparation It consists of compiling and listing all ledger accounts and their balances to verify the accuracy of recorded transactions.
Gst Report Preparations Involves the process of compiling data on Goods and Services Tax (GST) transactions from various financial records within an
Return Filings Return filings are crucial in accounting software, where businesses prepare and submit tax returns to relevant authorities.
GST Input Reconciliations Involves matching the Input Tax Credit (ITC) claimed on purchases with the GST details provided by suppliers.
Asset Management Consists of tracking & managing a company's assets throughout their lifecycle.
Bank Settlement Refers to the process of reconciling transactions between a company's bank account records & its accounting system.
Fund Accounting It is a method of segregating resources into self-balancing sets of accounts, or funds, according to their intended use or
Cost Centres A vital unit where costs are allocated for internal tracking & management purposes.
Fixed Asset Register (FAR) Management A Fixed Asset Register tracks and manages a company's fixed assets, including their acquisition cost, depreciation, and current
Tds Report Generations Includes the automated creation of reports detailing Tax Deducted at Source (TDS) from payments made to vendors or contractors.
Variant Analysis Includes comparing & evaluating different versions or scenarios of financial data to identify variations, discrepancies, or
Batch Management It enables users to handle multiple transactions collectively, streamlining processes such as invoicing, payments, and updates.
Branch Management It allows businesses to manage financial transactions, reports, and data specific to different branches or locations, ensuring
Broker Management Involves tracking & managing broker transactions, commissions, & related financial activities to streamline brokerage
Claims Management Includes tracking, processing, & settling claims efficiently, ensuring accurate record-keeping and financial reporting.
Credit / Debit Note A credit note is issued to reduce the amount a customer owes, typically due to returns or overpayments.
Document Management Refers to the digital storage, organization, & retrieval of financial documents & records.
Sales Management It consists of tracking sales transactions, managing customer accounts, and generating reports on sales performance.

Administrative Features

Admin Controls Allows administrators to manage user access, set permissions, and oversee the security of financial data within the system.
Backup & Restore A process of creating a copy of data (backup) to prevent data loss and retrieving that data (restore) to recover the system to
User Access Management Includes roles, permissions, access control, and activity tracking to ensure secure operations.
Ledger Scrutiny Ledger scrutiny involves a detailed examination of financial records to ensure accuracy, completeness, and compliance.
Facility Management Refers to the tools used to track and manage the operational costs, maintenance, and usage of physical assets or facilities.
Self Service Portal Allows users to access and manage their financial information independently, including viewing reports, submitting invoices, and

Integrations Supported

Import / Export Management Refers to the ability to transfer financial data in and out of the system, enabling seamless integration with various apps.

Financial Management

Cash Flow Management Used for tracking, analyzing, & optimizing the net amount of cash receipts, barring cash expenses.
Financial Planning & Analysis It includes forecasting future financial performance based on historical data, and budgeting for expenses and revenue.
Budgeting & Forecasting They are vital financial planning tools businesses use to estimate future revenue & cash flow.
Revenue Management Refers to the systematic process of predicting, analyzing, & optimizing an organization's income by managing pricing &
Fund Accounting It is a method of segregating resources into self-balancing sets of accounts, or funds, according to their intended use or
Fund Planning Defined as a process of forecasting & managing the inflows and the outflows of cash.
Net Worth Management Defined as a process of tracking and managing an individual or organization's total assets and liabilities.
Cash and Bank Management It tracks and manages all cash inflows and outflows, including bank transactions and cash payments/receipts.

Analytics and Reporting

Financial Accounting and Reporting It involves tracking and managing a company's fixed assets, such as equipment, vehicles, and buildings.
Profit & Loss It shows revenues, costs, and expenses to determine net profit or loss for a period.
Audit Management Refers to a process of preparing for & conducting audits by organizing & tracking audit-related activities.
Financial Statement Generation & Analysis Refers to the process of automatically creating financial reports like balance sheets & income statements.
Gross Profit Refers to the difference between revenue from sales and the cost of goods sold.
Ratio Analysis It includes evaluating financial ratios derived from financial statements to assess a company's performance.
Net Profit Management Involves calculating, analyzing, & reporting the net profit earned by a business after deducting all expenses.
Profit Centers Defined as a segment within a business that is responsible for generating profits.

Sales and CRM

Customer Management It involves tracking & managing customer information, transactions, & interactions to streamline billing, payments, &
Order Management Handles the processing, tracking, & fulfilment of customer orders, thereby integrating them with inventory & financial
Quotation & Estimates Offers detailed price estimates to clients before finalizing sales, while estimates offer preliminary cost projections.
CRM Capabilities CRM capabilities are integrated to streamline & optimize the business processes associated with customer management.
Loyalty Program Tracks and manages rewards or incentives given to customers for their continued business.
Sales Management It consists of tracking sales transactions, managing customer accounts, and generating reports on sales performance.

Inventory and Supply Chain Management

Warehouse Management Optimizes inventory, controls stock levels, and manages orders and shipments efficiently.
Product Management It includes overseeing the development and enhancement of features related to tracking, managing, and reporting financial data.
Inventory Management It involves tracking, managing, and optimizing the stock of goods and materials.
Vendor & Supplier Management Tracks interactions, manages invoices and monitors payments for efficient procurement.
Inventory Reconciliation Refers to the process of matching the inventory records in an accounting system with physical inventory.
Barcode Scanning It streamlines inventory management by automatically tracking & recording product information.
Delivery Management It consists of tracking and managing the delivery of goods or services to customers, including scheduling, logistics, & more.
Distribution Management Involves tracking & managing the flow of goods from suppliers to customers, including inventory control.
Item Master A centralised database where detailed information about each inventory item or product is stored.
Stock Management It includes tracking inventory levels, monitoring stock movements, & managing reorder points.
Store Management Helps track inventory, manage stock levels, and streamline purchase and sales processes.
Supply Chain Management Streamlines procurement, inventory, and logistics for efficient financial oversight.

Project and Workflow Management

Transaction Management Tracks, records, and categorizes financial transactions for accurate reporting.
Time & Expenses Management It is a process of recording, tracking, and managing employee working hours and business-related expenses.
Workflow Management Streamlines tasks automate processes and enhances team collaboration for efficient operations.
Project Accounting Project accounting tracks & manages financial information & activities specific to individuals or jobs.
Facility Management Refers to the tools used to track and manage the operational costs, maintenance, and usage of physical assets or facilities.
Production Management It involves tracking & controlling the manufacturing process, including inventory levels, work orders, and production costs.

Retail and Point of Sale

Point of Sale (POS) Integrates sales transactions with financial records, facilitating real-time inventory management and streamlined reporting.
Retail Management Consists of features for tracking inventory levels, sales transactions, & customer data along with generating reports for

Billing & Invoicing

Payment Processing Refers to the handling of electronic transactions between buyers & sellers, ensuring the secure transfer of funds.
Bill Of Materials (BOM) Refers to a detailed list of raw materials, components, and instructions required to manufacture a product.
Payment Tracking Monitors and records incoming and outgoing payments, ensuring accurate financial records and timely reconciliation.
Invoice Processing It includes receiving and managing invoices from vendors or suppliers to ensure accurate payment and financial record-keeping.
Automatic Payment Reminders Automatic payment reminders are notifications sent to remind customers of upcoming payments.
E-Way Bill Generation E-Way Bill Generation involves creating and managing electronic invoices required for the transportation of goods under GST

ProfitBooks Reviews

Have recommended this product

Overall Score

4.0/5

Based on 19 Reviews

Features 4.1/5

Value for Money 4.0/5

Ease of Use 4.0/5

Customer Support 4.2/5

Review this product

Your valuable feedback helps others like you make a better decision.

Pros

pros_icon “That I can track hours real-time and generate an invoice with details easily.” Atul Verma - Sep 16, 2021

pros_icon “Expense tracking, Invoice, and reporting tools are the features we liked the most. Highly recommended” Anand Prasad - Sep 16, 2021

pros_icon “I love the ease of use and the way all my customer are saved in Profitbooks.” Arun Gupta - Sep 16, 2021

Cons

cons_icon “I feel that the customization options for financial reports are somewhat limited. It would be great if there were more flexibility in tailoring reports to my specific needs.” Poonam Saini - Aug 5, 2024

cons_icon “I think the software could improve by offering more advanced reporting features. While the current reports are useful, having more detailed analytics would be a great addition.” Honey Sahu - Aug 5, 2024

cons_icon “ The mobile app could use some improvements. While it’s functional, it’s not as smooth as I’d like it to be, particularly when trying to input data on the go.” Rupnarayan Nishad - Jul 24, 2024

Nishu chawla

Verified reviewer:

Accountant, Accounting

101-500 Employees

Software user since: 1-2 years

Reviewed on: Aug 8, 2024

3.3/5

“Efficient and Cost-Effective Tool for Managing All Aspects of Business Finances”

rofitBooks is a fantastic tool for managing all aspects of my business finances. It’s designed to handle everything from invoicing to expense tracking, all in a user-friendly interface. The software is also cloud-based, which means I can access my accounts from anywhere, making it perfect for my on-the-go lifestyle. The security features are top-notch, ensuring that my financial data is safe. It’s a reliable and cost-effective solution that has made my accounting process much more manageable.

Pros : ProfitBooks has been a game-changer for my business. The software is incredibly efficient, allowing me to manage everything from invoicing to payroll in one place. The cost-effectiveness of the software is another big plus; it offers all the features I need without breaking the bank. I also love the automatic bank reconciliation feature, which saves me a ton of time. The ease of generating financial reports helps me keep track of my business’s financial health.

Cons : The only thing I would improve is the integration with other third-party apps. I use a few other tools for my business, and having better integrations would make things even more seamless.

Reason to switch : I chose ProfitBooks because it provided more features at a lower cost than Zoho Books, making it a more efficient and affordable option for my business.

Features

3.5/5

Value for Money

3/5

Customer Support

3.5/5

Ease of Use

3.5/5

Poonam Saini

Verified reviewer:

Accountant, Accounting

101-500 Employees

Software user since: 1-2 years

Reviewed on: Aug 5, 2024

3.2/5

“Transformed My Accounting Experience with Easy Collaboration and Cloud Accessibility”

ProfitBooks is a comprehensive accounting software that has streamlined my financial management process. It offers all the features I need, from invoicing to expense tracking, all in one place. The software is cloud-based, so I can access it from anywhere, which is a huge advantage for a business owner like me. The support team is also very responsive, which is a big plus. Overall, it’s been a great tool for managing my business finances.

Pros : ProfitBooks has truly transformed the way I handle my business finances. The cloud-based platform means I can access my accounts from anywhere, which is incredibly convenient, especially when I’m traveling. The automated expense tracking feature has also saved me a lot of time.

Cons : I feel that the customization options for financial reports are somewhat limited. It would be great if there were more flexibility in tailoring reports to my specific needs.

Switched from : Sage Accounting

Reason to switch : I switched to ProfitBooks because I needed a cloud-based solution that allowed easy collaboration with my accountant, something Sage Accounting didn’t offer.

Features

3/5

Value for Money

3.5/5

Customer Support

3.5/5

Ease of Use

3/5

Rupnarayan Nishad

Verified reviewer:

Accountant, Accounting

101-500 Employees

Software user since: 6-12 months

Reviewed on: Jul 24, 2024

3.2/5

“Simplified My Workflow and Enhanced My Business's Financial Health”

ProfitBooks has become an essential tool for running my business. It’s packed with features that make managing my finances a breeze. From tracking expenses to generating detailed reports, the software has everything I need in one place. The cloud-based system allows me to access my accounts from anywhere, which is perfect for my busy schedule. The software is also very secure, giving me peace of mind.

Pros : What stands out about ProfitBooks is how much it has simplified my workflow. The software is incredibly intuitive, so I can manage everything from invoicing to payroll without any hassle. I also appreciate how easy it is to keep track of my expenses, which has helped me maintain a healthier financial status for my business.

Cons : The mobile app could use some improvements. While it’s functional, it’s not as smooth as I’d like it to be, particularly when trying to input data on the go.

Reason to switch : I switched to ProfitBooks because I needed a more efficient solution. Excel was too manual and time-consuming, while ProfitBooks automated many of the tasks, saving me time and effort.

Features

3/5

Value for Money

3/5

Customer Support

3.5/5

Ease of Use

3.5/5

See all ProfitBooks reviews