Best Free Inventory Management System for Indian Businesses
♦ Real-time stock tracking on devices
♦ Barcode & batch-level stock tracking
♦ Automated low-stock reorder alerts
Why Your Business Needs an Inventory Monitoring System?
Manual stock tracking leads to costly errors, stockouts, and dead inventory. An innovative inventory system helps you avoid these losses.
Running your business without proper inventory planning software can lead to over-stocking, missed orders, and cash flow gaps. Most Indian SMBs still rely on registers or spreadsheets, which makes real-time visibility impossible.
With myBillBook’s warehouse management system, you can keep your stock accurate, up-to-date, and ready for every sale.
Key Benefits:
- Real-time stock updates across locations
- Low-stock and expiry alerts to prevent wastage
- Easier GST filing and purchase tracking
- Faster decision-making for reordering and pricing
India’s Most Trusted Inventory Management Software
How Does myBillBook Help You Track Stock, Manage Warehouses & Save Time?
With real-time tracking, warehouse control, smart alerts, and billing integration, myBillBook makes inventory management faster, smarter, and error-free for Indian businesses.
Real-Time Stock Tracking & Auto Sync
Keeping track of inventory by hand can cause problems like delays, having too much stock, or missing important data. With myBillBook’s inventory monitoring system, you can see each product movement — whether it's a sale, purchase, or return — right away. This means you know exactly how much stock you have, which items are selling quickly, and when you need to order more.
The software updates your inventory on all devices — whether you're using your computer, phone, or tablet — so you and your team always have the correct information. No matter if you're at your warehouse, store, or office, your stock levels will always match up.
Multi-Warehouse & Location Management
Many growing businesses in India have multiple branches or warehouses. myBillBook helps manage these locations by acting like a warehouse management system. You can easily move products between different places, keep an eye on inventory at each branch, and know exactly where each item is stored.
Instead of using separate notebooks or spreadsheets, you’ll have a single dashboard showing real-time stock levels for all branches. This reduces mistakes and makes it easier to understand your operations.
Low Stock Alerts & Smart Reorder Reminders
One of the biggest problems small and medium-sized businesses face is finding out too late when they’re running low on stock. myBillBook helps with this by sending automatic notifications when items hit a certain low amount. This way, you get a quick alert to reorder before you run out.
These alerts let you take action before it's too late, so you won't miss out on sales because an item is unavailable. You can also set smart reorder points based on your actual sales, which helps you manage your storage space and money better.
Barcode Scanning & Fast Billing Integration
When you have to manually enter product details, it takes a lot of time and can lead to mistakes. myBillBook has a barcode scanning feature that allows you to quickly add, find, and bill products just by using your phone's camera or a barcode scanner.
As soon as you scan a product, its information is automatically added to both your billing and inventory. This means you don't have to enter the information twice, keeping everything in sync whether you're making a sale or receiving new stock.
Know How to Add & Manage Inventory Using myBillBook
What Businesses Say About Our Inventory Stock Software?
“Billing is now quick and accurate, even during rush hours. With myBillBook’s barcode scanning, each product’s details are auto-populated in invoices, making the process seamless for both sales and purchases at our Chennai store.”
Ravish Rathod,
Grocery Store owner – Chennai
“This has significantly reduced our losses due to expired products. myBillBook’s batching feature lets us assign codes to batches and track expiration dates easily, streamlining our inventory management here in Bengaluru.”
Ravi Rao,
Stationery Owner – Banglore
“Our inventory organization has dramatically improved. With myBillBook’s custom attributes, we now classify items by size, brand, and color. It’s made our clothing retail business in Delhi so much more efficient.”
Arun Rane,
Clothing Retailer – Delhi
Pricing plans
Diamond Plan
₹217
Per month. Billed annually. Excl. GST @18%
✅ Create unlimited invoices
✅ Add up to 1 business + 1 user
✅ Inventory management
✅ App + Web support
✅ Priority customer support
✅ GSTR reports in JSON format Popular
Platinum Plan
₹250
Per month. Billed annually. Excl. GST @18%
Everything on Diamond Plan +
✅ Add up to 2 business + 2 user
✅ 50 e-Way bills/year
✅ Staff attendance + payroll
✅ Godown management
✅ Whatsapp and SMS marketing Popular
Enterprise Plan
₹417
Per month. Billed annually. Excl. GST @18%
Everything on Platinum Plan +
✅ Custom invoice themes
✅ Create your online store
✅ Generate and print barcode
✅ POS billing on desktop app
✅ Unlimited e-Invoices & e-Way bills
What is Inventory Management Software?
Inventory Management Software is a specially designed software that helps businesses manage and track their inventory or stock. An inventory management system integrated with billing software is much more helpful for businesses than a stand-alone inventory management software.
The billing software with inventory management feature auto-updates stock information as and when bills and invoices are created, and new stock is added. Thus, it provides real-time stock information and also updates about low-stock items. Other features of the integrated software include barcode scanning, order management, stock replenishment alerts, and comprehensive reporting and analytics.
By utilizing inventory management software, businesses can improve accuracy, enhance efficiency, and ensure product availability. This leads to better decision-making, increased customer satisfaction, and overall operational performance improvement.
Inventory works best with billing—spin up bills using free invoicing software and watch stock auto-update.
Clean stock starts with clean labels. Use the free barcode generator to generate SKU barcodes for every item or batch—speeding up GRN, stock counting, and picking. Works seamlessly with myBillBook’s SKU/HSN fields and batch-wise tracking.
Who needs a Inventory Management Software?
myBillBook is built for small and medium-sized businesses across India that want to track stock accurately, avoid losses, and run operations smoothly. Whether you run a shop or manage multiple warehouses, myBillBook fits right in.
Retail Shops & Kiranas
Track daily stock movement, manage fast-moving products, and get automated low-stock alerts so you never miss a sale.
Pharmacies & Medical Stores
Easily track batches and expiry dates, manage high-volume products, and comply with billing and inventory rules.
Wholesalers & Distributors
Manage large quantities of stock, handle multiple warehouses, and move products between locations without confusion.
Supermarkets & FMCG
Speed up billing with barcode scanning, manage multiple counters, and keep real-time visibility of stock.
Manufacturers
Track raw materials, finished goods, and production batches efficiently, ensuring your supply chain runs without delays.
How to Use Inventory Management Software?
Managing your stock doesn’t have to be complicated. myBillBook makes inventory tracking and warehouse management fast, simple, and reliable. Here’s how you can get started in just a few minutes.
Step 1: Sign Up & Add Your Products
Create your free myBillBook account and quickly add your product list. You can manually enter products or use barcode scanning to upload them in seconds. Once your items are added, your digital inventory is ready to go.
Step 2: Track Stock in Real Time
Every time you make a sale or purchase, your inventory automatically updates across all your devices. Whether you manage one location or multiple warehouses, you’ll always see your exact stock levels without any manual work.
Step 3: Get Alerts & Optimise Inventory
myBillBook notifies you when stock is running low, helps you plan reorders, and gives you insights into which products are selling fast. You can take action instantly and make sure you never lose a sale due to stockouts.
Features of myBillBook Inventory Management Software
Detailed Product Listing
Start your inventory management with a neatly organised product catalogue. myBillBook’s free inventory management software enables easy addition of items/products with required details, including product image, name, category, item code, description, stock quantity, stock value, selling price, purchase price, MRP, and wholesale price. You can also add custom fields with additional details.
Product Listings in Bulk
The free inventory software allows you to quickly add products from its inbuilt library, which features over 1 lakh products from different industries. You can also add items in bulk using an Excel file. If you’re migrating to myBillBook from other software, you can do a direct data transfer from Vyapaar, Tally, Marg, and others.
The ‘Bulk Edit’ option lets you change your existing product catalogue. Simply download the items list, make the required changes, and upload the edited Excel sheet to the software. Once it is done, the product catalogue gets updated in the software with the latest details.
Barcode Generation & Scanning
Enable faster billing by allotting a barcode to each unique product. The software for inventory management provides the barcode generation option when creating a new item in the inventory. Once the barcode is generated, you can print it and stick it over the product.
Scan the same codes while billing using a barcode scanner to enable faster billing. Once all your products are provided with a unique barcode, billing becomes much easier. In addition, you can use a barcode scanner to add items to your invoice.
Easy Categorisation
The inventory management system allows you to add a category to every item or product. Even though it is not a mandatory option, entering the product category helps filter the inventory quickly. You can filter the product list based on the type and view the low-stock items of that category.
Inventory Reports
Monitor your stock performance using the reports generated by the inventory management software. You can view the reports on stock summary, low stock, and item sales. Know your best-selling item and restock the inventory on time to prevent no-stock situations.
Centralised Dashboard
The inventory management system’s dashboard option provides a quick and detailed glance of your inventory status. You can see the latest transactions, the number of low-stock items, current stock value, pending transactions and payments, and cash in liquid and the bank. The dashboard also displays the sales report for the past seven days.
Benefits of Using myBillBook Inventory Management Software
Easy Sales Tracking
The inventory management system takes care of the entire sales activity, from adding the party or customer name to creating sales estimates and invoices to managing the sale in the online store. Once a party is added, it is stored in the database, preventing double data entry and saving time.
Auto Stock Update
Whether an item is sold across your selling channels or a new item is added, the free inventory management software automatically updates everything. Therefore, you can always have an inventory that is up to date with the latest stock details, eliminating any errors.
Check the Stock on the go
myBillBook is the best inventory management software that works on Android and iOS mobiles and Windows desktops. You can log in on any device to check your inventory status and place orders from wherever you are. You will also get low-stock alert messages for a particular item on your mobile.
Faster Billing
The free inventory management software offers barcode scanning to add items to the invoice. Simply scan the barcode with the barcode scanner gun to add them to the bill. This enables faster billing and lesser check out time at the counters.
Smooth Stock Rotation
As the billing feature is integrated with the inventory software, the inventory gets updated automatically every time you generate a bill. You will also receive alerts on low stock items enabling you to refill the inventory on time. This results in smooth stock rotation preventing out-of-stock or excess stock situations.
Saves Time and Cost
Faster billing, timely stock refilling, sales tracking, business performance reports, etc., would help you save time and cost related to inventory management. Just have myBillBook inventory management software in place; it will take care of all your inventory-related things.
Frequently Asked Questions
How Does Inventory Management Software Work?
It lets businesses record stock movement, assign barcodes or SKUs, and track real-time inventory across locations or devices. You can set reorder levels, get alerts for low stock, and manage batches or expiry dates. It also links purchases and sales to generate GST-ready reports, helping avoid stockouts and saving time.
Can inventory management software help me with supplier management?
Yes. Many inventory systems include features to manage suppliers. Businesses can store vendor details, track purchase orders, view payment history, and monitor deliveries. This simplifies the ordering process and helps maintain better coordination with suppliers.
Is there inventory monitoring and control available in inventory management software?
Yes. Most inventory management solutions provide real-time monitoring and control. This includes tracking product quantities, locations, expiry dates, and reorder levels. It helps reduce manual errors, improves planning, and ensures better stock visibility.
How quickly can I implement inventory tracking in my business?
Implementation time depends on the size and complexity of the business. For most small and medium businesses, setup can be done in a few hours to a few days. Cloud-based tools make it faster because they don’t require complicated installations or IT support.
What features should I look for in inventory management software?
Important features include real-time stock updates, multi-location management, low-stock alerts, barcode scanning, purchase and sales integration, reporting, and mobile access. These help businesses track inventory accurately, avoid delays, and plan operations more efficiently.
Which is the best free inventory management system in India?
A system that offers real-time stock tracking, multi-location support, and integrations built for Indian SMBs. With myBillBook you can start free, manage stock across warehouses, and monitor inventory from any device.
How much does inventory management software cost for small businesses?
Costs vary depending on features, number of users, and location support. Many Indian SMB-focused tools offer a free tier and paid plans starting at an annual fee.
Can I use inventory software for multiple warehouses or locations?
Yes. Modern inventory systems support multiple warehouses & locations, allowing stock transfers, branch-wise visibility, and centralized control.
Does inventory management software integrate with billing and GST compliance?
Yes. For Indian businesses, integration with GST-compliant billing and inventory tracking is key. The right system will let you issue GST invoices and automatically sync those transactions with inventory movements.
Will inventory software help reduce stockouts or excess inventory?
Yes — by offering real-time visibility, automated low-stock alerts, and usage insights, inventory software helps avoid stockouts and prevents excess warehousing costs, enabling smarter planning and better cash flow.