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ProfitBooks description
ProfitBooks is a free online accounting software designed for small to medium-sized businesses. It offers a user-friendly interface to manage invoicing, track inventory, monitor expenses, and generate financial reports. It aims to simplify accounting for business owners without requiring accounting expertise. ProfitBooks stands out with its ease of use, comprehensive features, and a free plan for basic needs. It promises to help businesses stay organized, improve cash flow, and make informed financial decisions.
Who is ProfitBooks best for
ProfitBooks is a free accounting software perfect for small and medium-sized businesses. It simplifies tasks like invoicing, expense tracking, and inventory management. A user-friendly interface makes accounting accessible even without expertise, helping businesses stay organized and make informed financial decisions.
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Ideal for small to medium-sized businesses (SMBs).
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Suitable for businesses across various sectors.
ProfitBooks features
| Supported ProfitBooks supports expense tracking and categorization for cash flow management. |
| Supported ProfitBooks automates billing, invoicing, and payment processing, improving financial efficiency. |
| Supported ProfitBooks supports sales tax tracking, management, and tax-compliant invoice generation. |
| Supported ProfitBooks allows creating and sending invoices, and tracking payments. |
| Supported ProfitBooks can generate balance sheets, profit and loss statements, and cash flow statements. |
| Supported ProfitBooks supports inventory management, including tracking levels and preventing shortages or overstocking. |
ProfitBooks pricing
The commentary is based on 2 reviews from ProfitBooks G2 reviews and ProfitBooks TrustPilot reviews.
ProfitBooks is praised for its affordability, especially for startups. Users appreciate its customizable features, allowing them to pay only for what they need. While some advanced features may be lacking, the pricing remains a key advantage.
See the ProfitBooks pricing page.
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ProfitBooks has a free plan.
Startup
Create professional invoices in multi-currency, track receivables, manage business expenses and get tax reports. Supports Single User Create Upto 25 Invoices Per Month Manage Upto 100 Customers Track Upto 25 Products or Services
SMB
Get all features plus support for multiple users with an individual access level.
ProfitBooks alternatives
XeroBetter for industries like healthcare, finance, and e-commerce. A popular ProfitBooks alternative, Xero offers more integrations. However, users mention unreliable bank feeds and dislike the new invoicing system. More expensive, with a negative pricing sentiment.Read more
TallyPrimeBetter for businesses needing tax compliance features, especially for India. More popular and growing faster. TallyPrime offers broader functionality like banking and inventory features. Positive reviews mention ease of use and customizable reports. However, some users find it difficult to use with multiple windows and lacking advanced features.Read more
SAP ConcurBetter for managing travel and expenses. A strong SAP Concur alternative for smaller businesses seeking simpler accounting.Read more
RilletBetter fit for mid-sized SaaS companies. Geared towards software industry needs like revenue recognition. Offers real-time reporting. Has stronger customer support and is growing faster. Integrates with Salesforce, Hubspot, and Stripe.Read more
Banana AccountingBetter for non-profits and individuals. Also suitable for finance and government. Has more momentum.Read more
ProfitBooks FAQ
What is ProfitBooks and what does ProfitBooks do?
ProfitBooks is free online accounting software for small and medium-sized businesses. It simplifies tasks like invoicing, expense tracking, inventory management, and financial reporting. With a user-friendly interface, ProfitBooks helps businesses manage finances without accounting expertise.
How does ProfitBooks integrate with other tools?
ProfitBooks integrates with various payment gateways like PayPal and Stripe for seamless transactions. It also connects with popular applications, though specific integrations are not extensively listed. For more detailed information, it's best to consult ProfitBooks directly.
What the main competitors of ProfitBooks?
ProfitBooks competes with Xero, TallyPrime, and QuickBooks Desktop Pro in the small to medium-sized business accounting software market. Other alternatives, catering to different needs, include SAP Concur for expense management and SoftLedger for complex accounting needs.
Is ProfitBooks legit?
Yes, ProfitBooks is a legitimate accounting software. It's a safe and user-friendly platform trusted by many small to medium-sized businesses for managing finances, tracking expenses, and generating reports. ProfitBooks offers both free and paid plans.
How much does ProfitBooks cost?
ProfitBooks offers a free Startup plan for single users. The SMB plan for growing businesses costs $20 per month. There's no information available on enterprise pricing.
Is ProfitBooks customer service good?
ProfitBooks users highlight its excellent support team and seamless implementation. One user describes the software as "extremely good" and "thoughtfully made." Another mentions its user-friendliness, especially compared to TallyPrime.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.