Nowadays, businesses are mushrooming everywhere due to the industrial revolution. Setting up a business, arranging capital, organizing, allocating various resources, etc., are all relatively straightforward tasks; however, most entrepreneurs find it challenging to handle their accounts. There are nuances to managing taxes, invoices, payrolls, managing cash inflow, tracking expenses, etc., even for an experienced accountant.
A cloud accounting software like GimBooks is ideal for small and medium-sized businesses and established companies. They manage all accounting tasks and other business-related tasks from one location, accessible from any computer in the world.
GimBooks-Basically what is it?
GimBooks helps users create invoices, purchase orders, and quotations that look professional and elegant while also managing their inventory, expenses, and ledgers. The software allows MSMEs to manage their business efficiently. You can create beautiful & professional invoices that are tailored to your industry or trade. You can create a GST Invoice and E-Waybill to share with customers and manage and check their inventory instantly with this tool.
You can also use Gimbooks to send gentle reminders to your customers near the invoice's due date. Additionally, it has a reporting tool that lets you keep track of your business reports in real-time. You can also file the GST efficiently and in no time. Using this tool, you can check out and create other vital documents like purchase orders, delivery challans, debit notes, and credit notes. It can be used via any browser and also has a mobile app.
How does GimBooks work?
Here are some specific features of GimBooks to consider, which will help you choose a reliable accounting system:
● Keeping track of income and expenses
GimBooks makes tracking every penny you earn easier than ever. After you have connected your bank accounts, credit cards, PayPal, Square, etc. According to customs rules, you set yourself, GimBooks imports, and categorize them for you. A mobile app gives you additional functionality.
GimkBooks allows you to send online professional invoices customized with your company's logo and colors in minutes.
● Accept Payments
GimBooks offers more payment options like credit cards and debit cards, allowing you to reach your payments at least 2 times faster without any hidden fees.
● Management of cash flow
With GIMBooks' unique Cash Flow Planner, you can forecast money-in and money-out for up to 90 days in advance so that you can plan your budget intelligently. As all your business transactions sync to Dashboard, you can view your business balances all in one place.
● Make the most of your tax deductions
GimBooks can help you to save more money on taxes than any traditional accountant. You can easily access all your business expenses for tax purposes by automatically categorizing them.
● Analyze the reports
The GIMBooks software offers real-time business insights and analytics in the form of customized reports such as income statements, balance sheets, cash flow statements, etc. to facilitate business decision making.
● Managing and paying bills
Your bills are organized and maintained in one place so that you never miss a due date. Payments can be made online, even partially, through credit cards, which can also be used to defer payments to control cash flow.
● Remind pay for employees
GimBooks Payroll feature lets you remind payrolls to customers at any time anywhere.
How to create an Invoice in Gimbooks
Here are the following simple steps you need to follow to create an invoice in the Gimbooks in a easy and simplest ways.
Step 1. Prepare your first invoice
You first need to login into the Gimbooks by putting your number or your email id after that you need to go on your dashboard. Now you need to go to the Invoicing area. Afterward, you have to click into the area and then you can send your first invoice.
Step 2. Select the Customer You're Invoicing
After that, if you have not yet entered the customer's details into Gembooks, you can do it later, or you can just click Save to save this name to your Customer List.
Step 3. Choose the payment terms
After that, you get an option to pay a customer invoice within 30 days after the invoice date. hence you can choose to pay afterwards.
Step 4. Enter the product you sold
However, if you forgot to add the sold item then you can enter it now. By clicking into adding the service or product. Thereafter you can enter the product or service information.
Step 5. Send Your Email After Customizing It
If you want, you can change the subject and body of the email to anything you like. Once you're finished, you can click Send and close.
GimBooks offers a free 15-day free trial after which you can select one of the following four plans:
12 Months Unlimited Access Plan
₹250/month or ₹2999/year + 18% GST with all basic features such as tracking income & expenses, collecting & organizing receipts, estimating quarterly taxes, invoicing and accepting payments, tracking miles, and running basic reports.
24 Months Unlimited Access Plan
₹ 187.45/month or ₹4499/year + 18% GST offers with all basic features such as tracking income & expenses, collecting & organizing receipts, estimating quarterly taxes, invoicing and accepting payments, tracking miles, and running basic reports with Unlimited Invoicing & access to all features in App & Website.
5 years Unlimited Access Plan
₹ 116.65/month or ₹6999/year + 18% GST offers with all basic features such as tracking income & expenses, collecting & organizing receipts, estimating quarterly taxes, invoicing and accepting payments, tracking miles, and running basic reports with Unlimited Invoicing & access to all features in App & Website.
Limited Unlimited Access Plan
₹ 45.82/month or ₹10999/year + 18% GST offers with all basic features such as tracking income & expenses, collecting & organizing receipts, estimating quarterly taxes, invoicing and accepting payments, tracking miles, and running basic reports with Unlimited Invoicing & access to all features in App & Website.
When it comes to managing all your accounting matters under one roof, GimBooks is one of the best billing and invoicing software available. This software is even more reliable and useful because of its wide array of integrations and add-ons. Although, one cannot ignore the fact that it is much more expensive than its counterparts and only has a limited number of users. Even so, GimBooks is a credible option if you are looking for a strong, secure, and reliable cloud accounting software.