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IT MSMEs have been losing their business during lockdown. However, they can go digital and use new modes of billing and accounting. By adopting technology, the IT MSMEs can digitally transform their business operations. myBillBook app, the flagship product of FloBiz, is stated to be a simple-to-use, robust billing & accounting app designed to digitise daily operations and accelerate the growth of IT MSMES. The app is a free & simple GST billing, inventory management and receivables/payables management solution for Android and Desktop users.
myBillBook has been created to help MSME business owners to run their operations from anywhere & any time. It is said to provide a secure platform for business owners to record transactions & track business performance on the go. The company says that it has helped over 50 lakhs MSMEs to go digital. It is an ideal app for GST registered and non-GST registered businesses for billing and accounting. It helps them create bills (GST & non-GST), record purchases & expenses, maintain stock and manage account payables/ receivables directly from their mobile phones or computers. Also, the app generates critical business reports that help owners make strategic business decisions. myBillBook is currently available in English, Hindi, Gujarati & Tamil.
Following are some features of this app -
Creates GST & non-GST invoices
It gives out customised GST & non-GST invoices from an array of of formats & themes, shares them with customers over WhatsApp and print via Bluetooth thermal printers
Manages business inventory
It tracks inventory accurately with features like low stock reminders, item categories & stock adjustment
Accounting
Records all business transactions such as sales, purchases, quotations, cash & bank transactions, sales/purchase returns on-the-go
Collects payments
Sends automated payment reminders to clients/customers and collect digitally via UPI
IT MSMEs should compare this app with other similar apps in the market and decide which one suits their needs before installing any app.