What is ProfitBooks?

ProfitBooks is a simple and fastest business accounting software for small businesses. It lets you create beautiful invoices, track expenses and manage inventory without any accounting background.

Pricing

ProfitBooks Starting Price

$ 83/Per Year

Awards
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Key Features of ProfitBooks

Here are the powerful features that make ProfitBooks stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits.

  • Accounting Management
  • Banking Integration
  • Cashflow
  • Database backup/restore (Management)
  • HR & Payroll
  • Inventory Management
  • Invoicing
  • Manage Customers and Suppliers
  • Multi Currency Support
  • Multi Layer Security
  • Multiuser Login & Role-based access control
  • Notification via SMS and Email
  • Online Banking Integration
  • Online Payment
  • Payments
  • Security
  • Taxation Management
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  • 401(k) Tracking
  • Access Controls
  • Account Tracking
  • Accounting
  • Accounting Integration
  • Accounting Management
  • Accounting Practice Management
  • Accounts payable
  • Accounts Receivable
  • Accrual Accounting
  • ACH Check Transactions
  • ACH Payment Processing
  • Activity Tracking
  • Ad hoc Analysis
  • Ad Hoc Reports
  • Agency Management
  • Allocation
  • Analytics
  • Appointment Management
  • Appointment Reminders
  • Approval Process Control
  • Approval Workflow
  • Archiving & Retention
  • Asset Budgeting
  • Asset Lifecycle Management
  • Asset Management
  • Asset Planning
  • Audit Planning
  • Auto Dealer Accounting
  • AutoEntry
  • Automated Notices
  • Automated Scheduling
  • Automatic Time Capture
  • Background Screening
  • Balance Sheet
  • Bank Reconciliation
  • Banking
  • Banking Integration
  • Barcode Integration
  • Barcoding
  • Barcoding / RFID
  • Benchmarking
  • Benefits Management
  • Billable & Non-Billable Hours
  • Billable Hours Tracking
  • Billing & Invoicing
  • Billing and invoicing
  • Billing Management
  • Billing Portal
  • Billing Rate Management
  • Bills of Material
  • Bonds / Stocks
  • Bonus Management
  • Bonus
  • Loan & Advances Management
  • Bookkeeping
  • Budget Tracking/Job Costing
  • Budgeting
  • Budgeting & Forecasting
  • Business Performance Management
  • Business Process Automation
  • Business Rules Management
  • Calendar Management
  • Case Defined Timekeepers
  • Case Management
  • Case Notes
  • Cash Management
  • Change Orders
  • Channel Management
  • Charting
  • Check Printing
  • Check Processing
  • Checks & Controls
  • Church Accounting
  • Client database
  • Client Management
  • Client Portal
  • Client Statements
  • Collaboration
  • Collections
  • Collections Management
  • Commercial
  • Commission management
  • Committee Management
  • Commodity Futures
  • Communication Tracking
  • Compensation Assessment
  • Compensation Calculation
  • Compensation Management
  • Compensation Plan Modeling
  • Compensation Statements
  • Completion Tracking
  • Compliance Management
  • Compliance Reporting
  • Compliance Tracking
  • Conflict Management
  • Connect my bank
  • Consolidation/Roll-Up
  • Construction
  • Construction Accounting
  • Construction Breakdowns
  • Contact Database
  • Contact Management
  • Contingency Billing
  • Contract Management
  • Contractors
  • Corporate Banking
  • Cost Tracking
  • Cost-to-Completion Tracking
  • Court Management
  • CPA Firms
  • Credit Bureau Reporting
  • Critical Date Alerts
  • CRM
  • Customer DataBase
  • Customer Management
  • Customizable Dashboard
  • Customizable invoices
  • Dashboard
  • Data Exchange Capabilities
  • Data Source Connectors
  • Debit Card Support
  • Depreciation Management
  • Direct Deposit
  • Disposal Management
  • Distribution
  • Distribution Management
  • Docket Management
  • Document Archiving
  • Document Management
  • Document Printing
  • Document Retention
  • Document Templates
  • Donation Management
  • Donation Tracking
  • Donor Management
  • Drag & Drop
  • Drill Down
  • Due date tracking
  • Dues Management
  • Dunning Management
  • Duplicate Payment Alert
  • eCommerce
  • eCommerce Accounting
  • eCommerce Tools
  • Electronic Signature
  • Email Integration
  • Email Management
  • Employee Database
  • Employee Management
  • Employee Scheduling
  • Enterprise Asset Management
  • Equipment Maintenance
  • Equipment Tracking
  • ERP
  • Event Management
  • Expense Management
  • Expense Report
  • Expense Tracking
  • Field Sales Management
  • File Sharing
  • Financial Accounting
  • Financial Management
  • Financial Reporting
  • Financial Reports
  • Fixed Asset Management
  • FMLA Tracking
  • For Private Schools
  • For Real Estate
  • Forecasting
  • Forms Management
  • Fraud detection
  • Fund accounting
  • Fund Management
  • Fundraising Management
  • General Ledger
  • General Ledger Entry
  • Goal Setting / Tracking
  • Government
  • Grant Management
  • Graphs & Charts
  • GST
  • Historical Database
  • Hourly billing
  • Hourly Employee Tracking
  • HR & Payroll
  • HR Management
  • Idea Management
  • Import / Export Management
  • In-House Collections
  • Incentive Programs
  • Incident Reporting
  • Income Statements
  • Intelligence Reporting
  • Interaction Tracking
  • Internal HR
  • International Accounting
  • Inventory Management
  • Inventory Tracking
  • Investment
  • Invoice
  • Invoice Designer
  • Invoice Management
  • Invoice Processing
  • Invoicing
  • Issue Management
  • Item Management
  • Job Costing
  • Job Requisition
  • Job Work
  • Key Performance Indicators
  • Knowledge Base Management
  • Late Fee Calculation
  • Law Firms
  • Legal Case Management
  • Listing Management
  • Logistics Management
  • Loyalty Program
  • Mail Order
  • Maintenance Management
  • Manufacturing
  • Marketing Management
  • Material Management
  • Material Workflow
  • Member Database
  • Membership Management
  • MIS Reporting Capabilities
  • MIS Reports
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Mobile Support
  • Mobile Time Tracking
  • Modeling & Simulation
  • Multi Currency
  • Multi Location
  • Multi-Branch Connectivity
  • Multi-Company
  • Multi-Country
  • Multi-Department/Project
  • Multi-Office
  • Multi-State
  • Multi-Store Management
  • Multiple Billing Rates
  • Multiuser Login & Role-based access control
  • Nonprofits
  • Onboarding
  • Online Banking Integration
  • Online Booking
  • Online document storage (back-up)
  • Online invoicing
  • Online Payment Processing
  • Online payments
  • Online Punch Card
  • Opportunity Management
  • Optical Character Recognition
  • Order Fulfillment
  • Order Management
  • Outstanding
  • Overpayment Processing
  • Overrun Projections
  • Overrun Reporting
  • Overtime Calculation
  • Owner Portal
  • Partial Payments
  • Partnership Accounting
  • Payment Gateway Integration
  • Payment Handling
  • Payment Management
  • Payment Plans
  • Payment Processing
  • Payment Tracking
  • Payroll
  • Payroll Management
  • Percent-Complete Tracking
  • Performance Appraisal
  • Performance Metrics
  • Portfolio Management
  • POS invoicing
  • POS Transactions
  • Predictive Analytics
  • Procurement
  • Procurement Management
  • Product Database
  • Production Cost Tracking
  • Production Management
  • Profit/Loss Statement
  • Project Accounting
  • Project billing
  • Project Management
  • Project Tracking
  • Property Management
  • Purchase Order Management
  • Purchase Orders
  • Purchasing
  • Qualitative Analysis
  • Quantitative Analysis
  • Quotation & Estimates
  • Rate Management
  • Receipt Management
  • Receipt Printing
  • Receipt Upload
  • Reconciliation
  • Records Management
  • Recruiting Firms
  • Recurring Billing
  • Recurring invoice
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Reminders
  • Remote Document Access
  • Rent Tracking
  • Reorder Management
  • Report Export
  • Reporting
  • Reporting/Analytics
  • Residential
  • Residential Leases
  • Residential Properties
  • Resource Management
  • Retainer Billing
  • Returns Management
  • Revenue Management
  • Revenue Recognition
  • RFI & Submittals
  • Risk Assessment
  • Risk Management
  • Roadmapping
  • Rules-Based Scheduling
  • Salaried Employee Tracking
  • Salary Planning
  • Sales Forecasting
  • Sales Tax Management
  • Scenario Planning
  • Scheme Management
  • School Accounting
  • Scorecards
  • Self Assessment
  • Self Service Portal
  • Serial Number Tracking
  • Service Request Management
  • Service Tax
  • Shipping Management
  • Short / Long Term Rental
  • Signature Capture
  • SKU / UPC codes
  • SOAP Notes
  • Spend Control
  • Spend Management
  • Staff Calendar
  • Staff Management
  • Status Tracking
  • Statutory Capabilities
  • Stock Management
  • Strategic Planning
  • Subcontractor Management
  • Supplier and Purchase Order Management
  • Supplier Management
  • Supply Chain Management
  • Task Management
  • Tax
  • Tax Calculator
  • Tax Management
  • Taxation Management
  • TDS
  • TDS / TCS
  • Templates
  • Territory Management
  • Ticket/Issue Tracking
  • Time and Expense
  • Time Tracking
  • Timesheet Management
  • Tip Distribution
  • Trading Excise Registers
  • Transaction management
  • Transaction Review
  • Trust Accounting
  • Utility Billing
  • Variable Workforce
  • Vat
  • VAT / CST / GST Reports
  • Vendor Management
  • Version Control
  • Volunteer Management
  • W-2/1099 Preparation
  • Wage Garnishment
  • Warehouse Management
  • What If Scenarios
  • Work order management
  • Workflow Configuration
  • Workflow Management
  • Workstation Tracking
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  • Accounting
  • Asset Breakup
  • Asset Budgeting
  • Asset Lifecycle Management
  • Asset Management
  • Audit Trail
  • Bank Reconciliation
  • Barcode Scanning
  • Barcoding / RFID
  • Billing & Invoicing
  • Budgeting
  • Compliance Management
  • Contact Management
  • Dashboard
  • Data Security
  • Depreciation Calculation
  • Depreciation Management
  • Disposal Management
  • Document Management
  • Expense Claims
  • Fixed Asset Management
  • Fixed Asset Register
  • Formula Driven Calculation
  • Full-Fledged Security Module
  • Inventory Management
  • Lease Information
  • Lease Management
  • Multi Company
  • Multi shift depreciation
  • Multi-Currency
  • Pay bills
  • Payroll Management
  • Reporting
  • Tax Management
  • Vendor Management
  • Workflow Management
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  • Accounting
  • Accounting Integration
  • Accounting Management
  • Annualised Return (XIRR)
  • Application Development
  • Asset Allocation
  • Audit Management
  • B2B Payment
  • Balance Sheet
  • Banking
  • Banking as a Service (BaaS)
  • Bill & Deposit Reminder
  • Billing & Invoicing
  • Bonds with and without indexation
  • Budgeting & Forecasting
  • Cash Management
  • Consolidation / Roll-Up
  • Consumer Data
  • Currency Management
  • Data Import & Export
  • Debt Collection
  • Embedded Finance
  • Expense Tracking
  • Finance
  • Financial Aid Management
  • Financial Data APIs
  • Financial Management
  • Financial Reporting
  • Financial Services
  • Fintech
  • Fixed assets
  • Historical Valuation
  • Income Statements
  • Investment Management
  • Invoices
  • Leave Management
  • Live Prices
  • Multi-Currency
  • Open Banking
  • Payroll Management
  • Portfolio Management
  • Profit / Loss Statement
  • Project Management
  • PTO Tracking
  • Revenue Recognition
  • Tax Management
  • Wealth Management
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  • Asset Management
  • Audit Trail
  • Balance Sheet
  • Bank Reconciliation
  • Bill & Deposit Reminder
  • Billing & Invoicing
  • Bookkeeping
  • Budgeting & Forecasting
  • Business intelligence (BI)
  • Cash Management
  • EMI Calculator
  • Expense Tracking
  • Financial Management
  • General Ledger
  • Import & Export Data
  • Income Statements
  • Invoices
  • Loan Management
  • Multi Company
  • Multi-Currency
  • Profit & Loss Statement
  • Purchase Orders
  • Real Time Reporting
  • Reconcile Statements
  • Sales Orders
  • Timesheets
  • Track Account
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ProfitBooks Pricing

Here are the pricing plans for ProfitBooks. Choose the plan that best fits your requirements and budget. Get Detailed ProfitBooks pricing as per your requirements.

Professional Plan
$ 83
Per Year
  • Accounting
  • Includes 10 Free Users
  • Bill your client for time
  • Track expenses and manage finances
  • Payrol
  • Create invoices in multi-currency
Get Pricing
SMB Plan
$ 125
Per Year
  • Accounting
  • Includes 10 Free Users
  • Create sales orders & POS
  • Inventory
  • Payroll
  • Purchase & sell inventory
  • Maintain warehouses
  • track stock movements or wastage easily
Get Pricing

ProfitBooks Specifications

Get a closer look at the technical specifications and system requirements for ProfitBooks. Find out if it's compatible with your operating system and other software.

Deployment :
Cloud Based
Subscription Plan :
SAAS
Accessibility :
Mobile Support
Desktop Platforms :
Web app
Language Support :
English
Business :
Freelancers
StartUps
SMBs
Agencies
Enterprises
Available Support :
Email
Company Details :
Company Name : ProfitBooks
Headquarter : Pune
Website : Visit Website

ProfitBooks Comparisons

Compare ProfitBooks with other similar options available in Online Accounting Software. Explore the key differences to see why it's the top choice for businesses and individuals.

ProfitBooks Description

Here's the comprehensive description of ProfitBooks. Gain a brief understanding of its unique features and exceptional benefits.

How ProfitBooks can help you:

Accounting is not about just recording your transactions, its about knowing how to make more profit! With its simple interface, ProfitBooks lets you take control of your business no matter where you are. You can access key financial reports like Balance sheet or Profit  Loss on the go on your mobile devices.

  1. Understand which product is more profitable
  2. Find out who is your highest paying customer
  3. Stay on top of your payables, receivables
  4. Save atleast 2hrs everyday lost in manual work

Quickly to know payable or receivable the amount for Service Tax, VAT and others taxes. Detailed reports just a to click away, anytime without any of complication. You can to create professional invoices and email those customers with one click.

Customers of the lifeline to any business. ProfitBooks makes it is easily to manage all your customers at one place. You can be view various transactions recorded for a particular customer and generate statement. Similarly, to manage employee leaves and process payroll with a few clicks and even generate to salary slips.

Unique Features of ProfitBooks:

  1. Sales Order Management
  2. Tasks & Projects
  3. Document Management with Dropbox integration
  4. Instant one-click support and much more.
  5. ProfitBooks is Highly Secure. Always available  Trusted by thousands!

As ProfitBooks is cloud based, you have access to your data anytime anywhere. You can access ProfitBooks on mobiles, tablets or any internet enabled device. Data is transferred over 256 bit encrypted HTTPS connection to ensure maximum security. Our data servers enforce 5 levels of security measures to data protection and secure access.

ProfitBooks founder

ProfitBooks headquartered in Pune, is an accounting and payroll management application. ProfitBooks is a GST enabled software so it is a preferred accounting software for Indian SMBs and startups. Apart from accounting, it also offers bookkeeping solutions.

1. What according to you are the major pillars on which ProfitBooks stands upon?

We wanted to simplify financial accounting. At ProfitBooks we believe that simplicity is not about chopping off features, It’s about bringing order to the complex things. So, lot of thought goes into designing every single screen of ProfitBooks.

We constantly ask ourselves – how can we reduce the number of clicks to perform this particular operation? We constantly strive to build a flow which will help our customers to record transactions in simplest and fastest manner.

Our single minded focus on simplicity has made us the most popular accounting software in India. Currently, ProfitBooks website is visited by over 8 to 10 lakh people every month.

Apart from this, we invest a lot in friendly customer support. This is why customer engagement ratio is very high at ProfitBooks.

2. How did you hit upon the idea for your Company?

We started ProfitBooks to make financial accounting super easy for business owners. Traditional software were designed keeping accountants in mind and were complicated. We wanted to change that. With ProfitBooks, we got rid of accounting jargons and built a simple interface that anyone could understand. This instantly resonated with our customers.

3. How do you differentiate yourself from your competitors?

We’ve seen many competitors come and go.

Our biggest competitor is not Tally. It’s not Quickbooks. It’s pen and paper. In India, millions of SMEs still rely on pen and paper to record their financial transactions. They depend on their accountants for tax compliance.

With our simple interface, we want to bring these SMEs into the ecosystem. Apart from accounting features, we’ve added capabilities that can help SMEs to grow their business. For example, we’ve integrated payment gateways in ProfitBooks. So, our customers can start accepting payments using credit card, net banking and even wallets. This way, their account receivable cycle reduces dramatically and this results in better cash flow.

Now, we are adding 1-Click return filing for GST. This is something that none of our competitors can offer. Imagine the time it will save for both business owners and their accountants.

We want business owners to focus on their business and leave their compliance burden on us. At ProfitBooks, CAs are part of our customer support. So, we not only help customers with technical issues but also answer their accounting related questions.

In coming months, we are going to add business intelligence features which will help business owners to take well informed decisions.

To cut the long story short, our competitors have accounting software that can record transactions. ProfitBooks turns transaction data into meaningful insights.

4. How has sales evolved since you first got into the business? What hasn’t changed?

Sudden increase in internet penetration dramatically improved our sales in past couple of years. Financial accounting has always been at the core of any business. So, the basic requirement hasn’t changed a lot.

Once GST comes into force, it will change the way people do tax compliances but the core will always remain the same.

We always believed that one day everything will be done online. We got resistance to online accounting when we started 5yrs ago. Things have changed now. With GST, government is taking entire tax compliance online and being an early cloud accounting company, ProfitBooks is well positioned to serve this market opportunity.

5. Think of something you’ve done in the past; what would you have done differently?

I think whatever decisions we took in our journey were correct in the context of that situation. We bet on online accounting when everyone was building offline software. We focused on business owners when everyone else was running after accountants.

So, can’t really single out anything which I would have done differently. Fortunately, things went as per the plan.

6. How do you approach a decision where people disagree with you?

If people disagree with me on something, I try to argue with statistics. I support my arguments with data. Any decision which is not supported by data is an assumption. If the other person has more meaningful and logical data to support his argument, I never have problem agreeing with them.

7. What do you expect to see over the next 5 to 10 years in the Industry?

In FinTech industry, automation and bots will take over. People will simply ask questions like ‘how much sales have improved this quarter?’ and then a bot will dig into the financials and quickly return with an answer. Software will become more and more user-friendly.

8. What are your experiences with highs and lows at ProfitBooks?

There are times when you feel very low. Some small failures can trigger the bad emotions and mind just gets blocked. In those situations, it becomes very difficult to concentrate. Earlier I used to run away from these situations but slowly I learnt to deal with them. Interestingly, more you face such instances, more stronger you become emotionally.

Talking about highs, honestly, I think I’m yet to get one!

Lastly, we would be glad to have your valuable suggestion for the new Entrepreneurs coming up in the industry today.

My advice to the new entrepreneurs would be to focus on building a self-sustaining company. Nowadays, funding rounds are glorified and people think that the company is doing well. Everything looks very glamorous from the outside. But a self-sustainable business goes a long way and gives far more satisfaction.

ProfitBooks Resources

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ProfitBooks Slideshare

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ProfitBooks Customers

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Overall ProfitBooks Reviews

Thinking about using ProfitBooks? Check out verified user reviews & ratings based on ProfitBooks's features, user-friendliness, customer support, and other factors that contribute to its overall appeal.

4.5/5

Based on 15 Reviews

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Feature Feature 4.4

Feature

Out of 5

Ease of use Ease of use 4.5

Ease of use

Out of 5

Value for money Value for money 4.3

Value for money

Out of 5

Customer support Customer support 4.4

Customer support

Out of 5

Likelihood to recommend Likelihood to recommend 90%

Likelihood to recommend

Out of 100%

ProfitBooks Pros and Cons

"The software is really straight forward and users are quickly taught in. Dashboards are designed in a clear manner so that you can read the KPI's at first glance"

"Innovative modules with the responsive operating system. Taxation management is error-free and time-bound. Web-based development and SAAS based payment system for easy accessibility."

"Multi-level security to protect all your data and details offers easy cash flow within your firm and multi-currency support, mobile app support."

"I have not found any issue with the software. There was once a problem with the report formatting, but the customer service was fast at helping me out."

"Lacks good customer support. Need to improve it’s after sale service as well."

"Little pricey and lacks good customer support. The team is not thorough enough about the features."

Alternatives of ProfitBooks

Explore alternative software options that can fulfill similar requirements as ProfitBooks. Evaluate their features, pricing, and user feedback to find the perfect fit for your needs.

ProfitBooks FAQs

How much does ProfitBooks cost?

The starting price of ProfitBooks is ₹ 5999/Per Year. It has different pricing plans:

  1. Professional Plan : ₹ 5999/Per Year
  2. SMB Plan : ₹ 8999/Per Year

ProfitBooks also provides a free trial to users.

What are the top 5 features for ProfitBooks?

The top 5 features for ProfitBooks are:

  • Banking Integration
  • Database backup/restore (Management)
  • HR & Payroll
  • Inventory Management
  • Multiuser Login & Role-based access control

What type of customer support is available from ProfitBooks?

The available support which ProfitBooks provides is:

  • Email
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