Best Accounting Software for Small Businesses
Automate your billing and accounting
~2.5 lacs saving
from billing errors
14% Increase
in Input Tax Credit
2.5x Faster
receivables collection
Trusted by 1 Crore+ businesses for Billing, Inventory and Accounting
myBillBook is designed for businesses to generate accurate GST-compliant invoices and automate their entire accounting process.
“Managing account receivables and payables was overwhelming for our retail business. With myBillBook, we now view all account payables and receivables in real-time with 100% cloud access with real-time data sync across all devices. This has streamlined our accounting process and improved our cash flow management.”
Kavish Pawar
Divine Designs, Hyderabad
Recommends myBillBook for:
Product Demo for Free Accounting Software
“Superb customer service. Helped me set up my account as required”
myBillBook’s top features for free accounting software
GST Compliant Invoices
Create customized and professional invoices complying with government mandates in seconds. Essential details like party GSTIN, HSN/SAC, and tax components are auto-populated from your inventory. Generate credit/debit notes, delivery challans, and sales/purchase returns easily.
Effortless E-way Billing & E-Invoicing
Create e-way bills with a click for relevant transactions. myBillBook allows you to send authenticated e-Invoices for B2B transactions electronically via GSTN.
Easy GST Returns Filing
Generate and file error-free GST returns with GSTR-1, which details outward supplies of goods/services. Reconcile GSTR-2 for monthly purchases/inward supplies. GSTR-3b provides a consolidated summary of outward supplies, inward supplies, and ITC available
Track Account Receivables & Payables
View real-time account payables and receivables for customers and suppliers with party-wise outstanding reports. Track outstanding customer payments with the Receivable Ageing Report.
Manage Cash & Bank Accounts
Manage cash registers, record customer payments to bank accounts, transfer money between accounts, view detailed statements, and track payments across different modes.
Inventory Management
Automatically track and update stock with each sales or purchase invoice. Quickly add items from a library of over 1 lakh products, edit items in bulk, and set low stock alerts.
Automated Billing
Automate invoice creation with precise tax calculations and custom branding. Flexible bill generation options include yearly, monthly, weekly, or custom periods..
myBillBook helps business succeed
“Creating customized and professional invoices that comply with government mandates has never been easier. myBillBook auto-populates essential details like party GSTIN, HSN/SAC, and tax components”
Ravish Rathod,
Grocery Store owner – Chennai
“Generating e-way bills and e-invoices used to be time-consuming. With myBillBook, we create e-way bills with a click and send authenticated e-invoices electronically via GSTN for our B2B transactions”
Ravi Rao,
Stationery Owner – Banglore
“Keeping track of cash and multiple bank accounts was difficult. With myBillBook, we manage cash registers, record payments, transfer money between accounts, and track payments across different modes.”
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
Why use myBillBook accounting software?
Business accounting Reports
Generate 20+ business accounting reports using this accounting software for small businesses & keep a regular check on your business health. These business reports will help you get an overview of your business in simplified charts & make strategic business decisions to boost your business growth rapidly.
GSTR Reports
File your GST returns accurately using GSTR reports like GSTR 1, GSTR 2 and GSTR 3B generated from this free accounting software. This smart bookkeeping software prepares these insights/reports using the accounting transactions recorded & helps you file your GST returns accurately.
Account Receivables / Payables
Manage all your account receivables/payables with our easy accounting software. You can keep track of all credit sales, send automated payment reminders and party balances to your customers on Whatsapp to get faster payments. This will also help you maintain a regular cash flow for your business.
All accounting accurately
Do all accounting transactions like creating professional bills, recording sales, purchases & expenses, keeping track of inventory, etc., accurately using this free accounting software. It helps in smart bookkeeping, maintaining business records & analysing business performance regularly.
Billing and Invoicing
Make professional GST & non-GST bills & invoices using this small business accounting software, customise it according to your needs & share them with your customers in just 3 clicks. This will help you keep track of account receivables & maintain cash flow for your business.
Stock Management
Record, track & adjust your stock using inventory accounting features like upload bulk stock, low stock alert, stock adjustment & detailed stock inventory reports. It will help you reorder stock at the right time & avoid any revenue losses. Also, in case of excess inventory, you can avoid unnecessary purchases.
Multi-user functionality
Add your staff like salesman, delivery boys, stock managers, etc. & give them access to certain features that will help you track multiple transactions with this online accounting software. These staff members can make data entry from their mobile phones & you can track their activities in real-time.
Expense Tracking
Record & track your business expenses easily using detailed expense reports and get an accurate picture of your business profits. This accounting software can help you control business expenses by tracking them properly & providing insights into the expense pattern.
Faster Payments
The new Smart Collect option allows you to send invoices with payment links to your customers. The customer can simply click on the link to pay the amount through RTGS, IMPS, NEFT, or UPI. Once the payment is done, you will instantly receive the notification and the ledger also gets settled automatically
myBillBook accounting software is for
Distributor
With myBillBook accounting software for SME, distributors can seamlessly manage their entire business operations, from receiving stock to creating bills to recording expenses. They can easily track their receivables, send reminders & collect payments faster.
Wholesaler
With this accounting software for businesses, wholesalers can manage their business operations on the go. They can easily create & track invoices, manage accounts receivables/payables, improve cash flow & manage inventory and grow their business by 5X.
Manufacturer
Using this online accounting software for businesses, manufacturers can digitise their business operations like maintaining stock of raw materials, tracking inventory, creating quotations/estimates and sharing them on WhatsApp, creating e-way bills, recording expenses, filing GST returns, etc.
Retailer
This free accounting software for small businesses helps retail shops to bill faster & avoid delays in checkouts. Retail shop owners can make faster bills using keyboard shortcuts, keep track of their customers, manage multiple outlets, and track stock/ inventory.
Benefits of using myBillBook accounting software
Track business performance
Using myBillBook accounting software, you can track your finances like never before. You can generate 20+ business reports from this software and keep track of your business health. In addition, this software provides an overview of all financial transactions like sales, purchases, expenses, etc. using simplified charts.
Accurate Accounting
With myBillBook, you can keep your accounting books accurate. You can maintain party-wise ledgers, cash ledger, bank ledger, day-wise sales/purchase ledger on this online accounting software for SME. It makes it easier for you to reconcile balances and generate financial records that you can use to file IT or GST returns.
Streamlined cash flow
With myBillBook bookkeeping software, you don’t have to worry about delayed payments from customers. You can send payment reminders to your customers on WhatsApp with the payment link & receive your payments on time. This software helps you receive payments using digital methods like UPI, NEFT, RTGS, etc.
Save time & money
Manually recording all financial transactions requires a lot of time and can lead to reconciliation errors, which can cause huge losses to your business. Automating your business transactions with myBillBook accounting software for small businesses will help you save your time & maintain accurate records.
Professional billing
You can create professional bills using myBillBook online accounting software and impress your customers with professionalism. This software streamlines the entire billing process for your business & enhances business identity among your customers. Also, you can customise your bills/ invoices using the 10+ formats available.
Grow business faster
Using this accounting software for small businesses, you can automate & manage your business operations seamlessly on the go. In addition, this software provides simplified & powerful insights/reports on all aspects of business, which you can use to make strategic business decisions for the future.
Frequently Asked Questions (FAQs) on Free Accounting Software
What is accounting software?
Accounting software is a program/software that helps businesses record, analyse and report their financial transactions. It allows business owners to store the enterprises’ financial information and record day-to-day transactions.l.
What are the features of computerised accounting software?
- Makes professional bills or invoices quickly & allows to share it directly with the customers on WhatsApp
- Help record all the financial transactions & give a clear image of the business health
- Accelerates payment collection through accounts receivable/payable management
- Helps record & track expenses and maintain profit/loss account
- Helps prepare GST returns, income tax returns, balance sheet & profit and loss statement for the business
Why is accounting software important for business?
Accounting software is important for business because it helps digitise day-to-day business transactions, provides financial reports at one click, helps accelerate the business’s cash flow, and manages accounts receivables/payables.
Do I need an accountant if I use myBillBook?
You don’t need an accountant or any prior formal training to operate myBillBook accounting software for SME. This product offers a simple-to-use and robust platform to business owners to conduct their accounting operations seamlessly & manage their business from their mobile phones.
What is the best accounting app for small businesses?
myBillBook is the best accounting app for small businesses in India. It is very easy-to-use software and is available on mobile & desktop at affordable prices. The owners can use this accounting software for businesses to make professional bills/invoices, maintain party ledger, track inventory, record & analyse expenses, etc.
Why is accounting software important?
Accounting software helps business owners to record, analyze and reconcile their transactions. The software also eliminates the risk of human errors while performing financial transactions. myBillBook accounting software helps businesses to manage & control their business operations through mobile & desktop and gives complete visibility into the business financial health.
Who uses accounting software?
All businesses, especially GST registered businesses should use accounting software.
What are the common mistakes in accounting?
- Improper record-keeping methods like recording sales, and purchases on pen-paper
- Failure to reconcile books of accounts on time
- Data entry errors while recording financial transactions
- Chances of fraudulent activity