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ProfitBooks
Simple cloud accounting and inventory management for small business owners.
What it does
Creates and sends professional invoices with automated payment reminders. Tracks business expenses and manages accounts payable/receivable. Provides real-time inventory management with multi-warehouse support. Generates 45+ financial reports including P&L, Balance Sheet, and GST summaries. Includes a multiuser login with role-based access for staff and auditors.
Why it works
Simplicity: Avoids accounting jargon, making it accessible to owners without a financial background. GST Enabled: Deeply specialized for the Indian market, automating tax calculations and filing prep. Consolidation: Combines inventory and accounting, which are often separate tools for most SMEs. Speed: Quick setup and an intuitive interface allow businesses to start billing in minutes.
Category: Business & Operations
Team Size: 11-25
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As of 2026
Business & Operations
Revenue: $1M-$10M ARR
Simple cloud accounting and inventory management for small business owners.
Overview
ProfitBooks is an easy-to-use accounting software designed specifically for non-accountants. It unifies professional invoicing, expense tracking, and inventory management into a single platform. Built to handle the specific tax needs of Indian SMEs (including GST), it helps entrepreneurs stay financially organized and compliant without the complexity of traditional accounting suites.
Funding status: Funded
Revenue source: Subscriptions
Customer type: B2B
Pricing: Freemium
Tech stack: React, Node.js, AWS
Platform: Web • iOS • Android
Integrations: QuickBooks, PayPal, Razorpay, Instamojo, Cashfree
Founder story
Founded in 2012 by Harshal Katre and a team of finance experts in Pune, India. They realized that while tools like Tally were powerful, they were too complex for average business owners. They built ProfitBooks to 'democratize accounting,' creating a platform that business owners could actually enjoy using.
What it does
- Creates and sends professional invoices with automated payment reminders
- Tracks business expenses and manages accounts payable/receivable
- Provides real-time inventory management with multi-warehouse support
- Generates 45+ financial reports including P&L, Balance Sheet, and GST summaries
- Includes a multiuser login with role-based access for staff and auditors.
Who it's for
- Small Business Owners
- Service Providers
- Manufacturers
- Wholesalers and Traders
Why it works
- Simplicity: Avoids accounting jargon, making it accessible to owners without a financial background
- GST Enabled: Deeply specialized for the Indian market, automating tax calculations and filing prep
- Consolidation: Combines inventory and accounting, which are often separate tools for most SMEs
- Speed: Quick setup and an intuitive interface allow businesses to start billing in minutes.
Growth strategies
- Targeted the Indian SME market by positioning as the leading 'Tally' alternative for the cloud era.
- Used a 'Forever Free' plan for startups to build a massive global user base of 75,000+ companies.
- Leveraged high- authority content on SME business management and taxation to drive organic traffic.
- Focused on high- touch customer support in the local Indian market to build trust and retention.
Alternatives
Comparison overview
- Tally: ProfitBooks is cloud-based and much easier to use for non-accountants; Tally is better for traditional desktop-based power users.
- Zoho Books: ProfitBooks is often cited for its better specialized inventory features for small manufacturers.
- ProfitBooks is the best choice for Indian SMBs that want simple, cloud-native accounting.