ProfitBooks is a cloud-based accounting software designed for small and medium businesses to manage invoicing, expense tracking, inventory, and financial reporting. Launched in 2012, it offers a user-friendly interface, making accounting simple even for non-accountants. With over 75,000 users globally, it provides a free plan for single users and premium plans for advanced features.
ProfitBooks Overview
What is ProfitBooks?
ProfitBooks is a cloud-based accounting software designed to help small and medium-sized businesses manage their finances, inventory, and GST compliance with ease. It allows users to track income and expenses, generate invoices, and maintain essential financial reports like balance sheets and profit & loss statements. The software also includes inventory management features, enabling businesses to monitor stock levels and manage purchase orders efficiently.
With built-in GST compliance tools, ProfitBooks simplifies tax calculations and reporting. Its cloud accessibility ensures users can access their financial data from anywhere, making it a flexible and cost-effective.
Why Choose ProfitBooks Software?
- Complete Accounting Solution
It offers everything you need for accounting—bookkeeping, invoicing, expense tracking, financial reports, GST compliance, and more, all in one place.
- GST-Compliant
ProfitBooks ensures that your business stays compliant with Indian GST regulations. It helps you generate accurate GST returns and reports, saving you time and effort during tax season.
- Automated Billing & Invoicing
ProfitBooks automates your billing and invoicing, so you can create professional-looking invoices and send them to clients with just a few clicks.
Why ProfitBooks is better than its competitors?
ProfitBooks positions itself in the competitive accounting software market by emphasizing user-friendly, cloud-based solutions tailored for small and medium-sized businesses (SMBs). Unlike traditional accounting software that may require complex installations and steep learning curves, ProfitBooks offers an intuitive platform accessible from any internet-enabled device, eliminating the need for downloads or installations. This approach caters to business owners seeking straightforward financial management tools without the overhead of extensive IT infrastructure.
A key differentiator for ProfitBooks is its versatility in supporting country-specific tax configurations, making it a viable option for businesses operating in various regions, including Australia, South Africa, the UAE, the USA, and more. This flexibility allows users to easily set up and manage taxes relevant to their specific country, ensuring compliance and simplifying financial operations.
In addition to its core accounting features, ProfitBooks offers robust inventory management capabilities, enabling businesses to track stock levels, manage multiple warehouses, and handle purchase orders efficiently. This integrated approach allows SMBs to oversee their financials and inventory within a single platform, reducing the need for multiple disparate systems.
By focusing on simplicity, accessibility, and comprehensive functionality, ProfitBooks distinguishes itself from competitors, appealing to SMBs seeking an all-in-one solution that is both cost-effective and easy to implement.
ProfitBooks Details
Product WebsiteProfitBooks
Languages Supported
German, English, French, Spanish, Hindi, Bengali, Marathi, Hebrew, Greek
DiscussionsProfitBooks Community
Product Description
ProfitBooks is a cloud-based accounting and inventory management software tailored for small and medium-sized businesses. It offers a comprehensive suite of tools designed to streamline financial operations and enhance business efficiency. Users can effortlessly create and send professional invoices, manage expenses, and monitor cash flow, ensuring accurate financial tracking. The platform’s robust inventory management system provides real-time stock monitoring, low stock alerts, and detailed reports, enabling businesses to maintain optimal inventory levels. ProfitBooks also supports GST compliance, facilitating easy tax calculations and return filings. With multi-currency support, online banking integration, and over 45 filterable financial reports, businesses gain valuable insights into their financial health. Accessible from any internet-enabled device, ProfitBooks ensures data security with 256-bit encrypted HTTPS connections and five levels of security measures. Its user-friendly interface and affordability make it an ideal choice for startups and established enterprises aiming to simplify their accounting processes.
Pros of ProfitBooks Software
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User-Friendly Interface: Many users appreciate its intuitive design, making it accessible even for those without formal accounting training.
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Comprehensive Features: ProfitBooks covers essential accounting needs, from invoicing to inventory management, providing a holistic solution for business finances.
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Responsive Customer Support: Users have highlighted the prompt and helpful support team, enhancing the overall user experience.
Cons of ProfitBooks Software
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Limited Advanced Features: Some users note that while ProfitBooks is robust for basic accounting, it may lack advanced functionalities required by larger enterprises.
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User Interface Improvements: Feedback suggests that the user interface could benefit from updates to enhance usability and modernity.
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Mobile Accessibility: There have been mentions of the absence of a dedicated mobile application, which could limit on-the-go access for some users.
Seller Details
SellerProfitBooks
Company Websitehttps://profitbooks.net/?partner=VqfcUoEbcIZO
Year Founded
2012
HQ Location
Pune, Maharashtra, India
Twitterwww.twitter.com
LinkedIn® Pagewww.linkedin.com
Youtube Channelwww.youtube.com
Ownership
Harshal Katre
Description
ProfitBooks – Cloud Accounting Software for Small & Medium Businesses
Custom Pricing
Multi-User Monthly/Annual SubscriptionStartup Plan
Free
Single user FreeSMB (Small and Medium Business) Plan
$20 per month or ₹749 per month
Multi Users MonthlyAdministrative Features
Admin Controls
User Access Management
Analytics & Reporting
Audit Management
Compliance Reports
Financial Accounting and Reporting
Gross Profit
Net Profit Management
Profit & Loss
Ratio Analysis
Billing & Invoice
Invoice Processing
Payment Processing
Payment Tracking
Core
Audit Workflow
Auto Backup
Bank Reconciliations
Cost Centers
Credit/ Debit Note
Data Security
Data Validation
File Manager
General ledger
Multi Currency Support
Multi-Device Sync
Quotation & Estimates
Receipt Management
Statutory Compliance
Essentials
Account Payable
Bookkeeping Capabilities
GST Input Reconciliations
GST Report Preparations
Trial Balance Preparation
Financial Management
Cash Flow Management
Financial Planning & Analysis
Integration Support
Import and Export Management
Management Functions
Document Management
Inventory Management
Loan & Advance Management
Product Management
Receipt Management
Stock Management
Taxation Management
Time & Expenses Management
Transaction Management
Warehouse Management
Platform
Customization
Dashboards
Integration APIs
Internationalization
Mobility
Performance
Reporting
User
Projects
Planning
Templates
Views
Resource Management
Scheduling
Sales & CRM
Customer Management
Order Management
Do I need to install any software to use ProfitBooks?
No, ProfitBooks is an online accounting software, so there’s nothing to download or install. Users can register with their email ID and start using the system immediately.
Can I migrate my data from Tally to ProfitBooks?
Yes, ProfitBooks offers assistance in migrating data from Tally, with support staff and experienced accountants ready to help with the transition.
Can ProfitBooks handle VAT in the UAE?
Yes, ProfitBooks is fully compliant with the VAT regime in the UAE, enabling users to apply VAT on every invoice created.
ProfitBooks is a cloud-based accounting software tailored for small to medium-sized businesses, offering a range of features including invoicing, expense tracking, inventory management, and financial reporting.
Pros:
-
User-Friendly Interface: Many users appreciate its intuitive design, making it accessible even for those without formal accounting training.
-
Comprehensive Features: ProfitBooks covers essential accounting needs, from invoicing to inventory management, providing a holistic solution for business finances.
-
Responsive Customer Support: Users have highlighted the prompt and helpful support team, enhancing the overall user experience.
Cons:
-
Limited Advanced Features: Some users note that while ProfitBooks is robust for basic accounting, it may lack advanced functionalities required by larger enterprises.
-
User Interface Improvements: Feedback suggests that the user interface could benefit from updates to enhance usability and modernity.
-
Mobile Accessibility: There have been mentions of the absence of a dedicated mobile application, which could limit on-the-go access for some users.
In summary, ProfitBooks is a reliable and user-friendly accounting solution ideal for small to medium-sized businesses seeking comprehensive financial management tools. However, companies with more complex accounting needs or those requiring advanced features might need to assess its capabilities relative to their specific requirements.

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