Profitbooks Accounting Software Review – Pricing, Features, Ratings
ProfitBooks is a simple-to-use online accounting software that lets you create great-looking professional invoices and receive payments from your customers in no time!
The interface is very user-friendly. You can easily manage your accounting, finance, inventory, payroll, and invoices. You also access all your data on a mobile, tablet, or laptop.
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Profitbooks Pricing in India
There are two types of pricing plans for using Profitbooks software. One is the free plan and the other is the SMB plan. The price of the SMB plan is Rs. 749/ Month.
Pricing Plans
| Plan | Price (per year) | Features |
|---|---|---|
| Start Up | Free |
|
| SMB | ₹749/ month |
|
Key Features of Profitbooks Accounting Software
ProfitBooks is packed with features that cater to various business needs. Here are some of the standout features:
1. Create Beautiful Invoices
ProfitBooks lets you:
- Create Time-based invoices from tasks
- Create ‘Cash Invoices’ for cash transactions
- Track overdue invoices and receivables
- Identify customers who owe you and follow up with them
2. Track Day To Day Expenses
Know where your money is going and organize your spending easily.
ProfitBooks lets you:
- Attach scanned expense receipts
- Categorize expenses according to projects
- Record payments made to vendors
- Track your payables
- Record stock purchases
- Create professional Purchase Orders and send them directly to your vendors.
3. Record Banking Transactions
Get all your bank accounts in one place. Easily record cash withdrawals, deposits, and transfers from a simple interface.
Unlike traditional (read complicated) accounting systems, you don’t need to worry about the debit-credit effect. Just simply record the transactions as they happen and all the necessary accounting will be automatically done in the background.
4. Manage your stock efficiently
Manage all the products, their production, transfer, wastage, and everything else easily with ProfitBooks!
- Maintain multiple Warehouses
- Allocate batch numbers
- Maintain re-order level
- Identify top-selling product
- View all transactions in one place
5. Complete Accounting
ProfitBooks is designed keeping Indian Accounting Standards in mind. It presents a very simple interface that even non-accountants can understand and takes care of all the complexity behind the scenes.
- ProfitBooks lets you
- Record-Journal entries
- Maintain chart of accounts & taxes
- Simple accounting entry screen to record all types of transactions
- Invite an auditor to review your books
6. Run Monthly Payroll In Minutes
- Save time every month by processing payroll with just a few clicks. Accounting entries are recorded and salary slips are generated automatically.
- Manage employee leaves
- Define salary structure easily
- Maintain pay revision history
- Generate payment advice for bank
- Pay head wise reports
7. Take Better Decisions
- With in-depth reports available at the click of a button, you always know what’s happening in your business.
- Balance Sheet, Trial Balance, and Profit & Loss reports
- Customer Statement & Outstanding due
- Product-wise reports
- Task, Timesheet reports
- Payroll reports
- Various other useful reports.
Start your free fully featured one-month trial and find out how ProfitBooks can be helpful to your business.
Reviews and Ratings
ProfitBooks has garnered positive reviews from users across various platforms. Here’s a summary of what users are saying:
User Reviews
- Ease of Use: Users appreciate the intuitive interface of ProfitBooks, making it easy for even non-accountants to use.
- Comprehensive Features: The wide range of features, especially inventory and payroll management, receive high praise.
- Customer Support: ProfitBooks offers excellent customer support, with users noting quick and helpful responses.
- Cost-Effective: Many users find the pricing reasonable, especially considering the extensive features offered.
Ratings
| Platform | Rating |
|---|---|
| G2 Crowd | 4.4/5 |
| Capterra | 4.5/5 |
| Trustpilot | 4.2/5 |
Why Choose ProfitBooks?
1. User-Friendly
ProfitBooks is designed to be user-friendly, ensuring that even those with limited accounting knowledge can navigate the software easily.
2. Comprehensive Features
From invoicing to payroll management, ProfitBooks covers all aspects of business accounting, making it a one-stop solution for SMEs.
3. Affordable Pricing
With various pricing plans, ProfitBooks offers solutions for businesses of all sizes, ensuring that you get value for your money.
4. Excellent Customer Support
ProfitBooks is known for its responsive and helpful customer support team, ready to assist you with any issues.
5. Scalability
As your business grows, ProfitBooks can scale with you, offering advanced features and custom solutions to meet your evolving needs.
Alternatives to ProfitBooks
While ProfitBooks is a robust solution, it’s always good to know what alternatives are available. Here are a few:
- Zoho Books
- QuickBooks
- Tally ERP 9
Comparison Table
| Feature | ProfitBooks | Zoho Books | QuickBooks | Tally ERP 9 |
|---|---|---|---|---|
| Invoicing | Yes | Yes | Yes | Yes |
| Expense Tracking | Yes | Yes | Yes | Yes |
| Inventory Management | Yes | Yes | Yes | Yes |
| Payroll Management | Yes | Yes | Yes | Yes |
| Multi-Currency Support | Yes | Yes | Yes | No |
| Custom Reports | Yes | Yes | Yes | Yes |
| Customer Support | Excellent | Good | Good | Good |
Frequently Asked Questions
Can I upgrade my plan as my business grows?
Yes, ProfitBooks offers scalable plans, allowing you to upgrade as your business needs evolve.
Does ProfitBooks support GST compliance?
Yes, ProfitBooks is fully compliant with GST regulations, making it easy to manage your tax obligations.
Is there a free trial available?
Yes, ProfitBooks offers a free trial for new users to explore its features before committing to a paid plan.
How does ProfitBooks compare to QuickBooks?
Both are excellent accounting solutions, but ProfitBooks is more cost-effective and offers better customer support.
