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mybooks is a cloud-based accounting software for small businesses. The software simplifies online accounting processes, and its user-friendly interface enables users to navigate the software without difficulties. The software’s seamless integration with invoicing and inventory makes the accounting process more transparent and accountable. Managing expenses, day-to-day cash flow, payments, etc., is easier with this affordable accounting and bookkeeping tool. The advanced version offers exclusive features such as automatic bank feed, profitability analysis, SMS integration, etc. The software can be accessed on the web, iOS, and Android. Business owners can try myBooks for free for 30 days.
- Accounting
- Financial-services
- English
Screenshot & Video
LICENSING & DEPLOYMENT
- Proprietary
- Cloud Hosted
- Web-based
- iPhone/iPad
- Android
SUPPORT
- Chat
- Phone
Knowledge Base
- Help Guides
- Video Guides
- Blogs
myBooks Executive Interview
Mathivanan Gowthaman
Owner & CEO, myBooks
Please introduce your product and give a brief about your role within the organization.
myBooks accounting software is cost-effective and time-saving Bookkeeping app for SMEs. I am the lead product owner of myBooks involved in overseeing product development. Additionally, I oversee the customer acquisition and engagement for myBooks.
What was the objective behind coming up with this software?
We wanted to create an integrated financial engine for small business owners, which can take care of regular bookkeeping, Sales, HR. So business owners can see the big picture without simulating all the possible scenarios on their heads.
How is your software beneficial from a value addition perspective to the clients compared to other software alternatives available in the market?
We found out the existing products were expensive and time-consuming to operate for a busy small business owner with fewer resources. We wanted to create an app that will be quick to maintain books, also simple, and cost-effective.
What industries do you generally cater to? Which industries in general are highly benefiting by using your software?
Our app is industry agnostic. However, currently, manufacturing and product-based companies are primarily using the app.
What are the key features of your software that makes it stand apart from your competitor products in the market?
We have in-built profit management features, which show the profit incurred on each sale, to avoid selling on loss. Further, we have simplified financial journals to simple business transactions which are very easy to use for a business owner who doesn’t understand the credit/debits of double-entry accounting.
What is the customer satisfaction rate according to you? What steps do you take to cater to your customer’s needs and requirements?
Currently, we are 80%, We regularly listen to users and align our new feature development according to the customer requirement.
Are your customers repetitive? If yes, what is the percentage of repeat customers that you have?
Yes, our model is subscription-based, we depend on recurring revenue per customer. Our renewal rate is at 75% currently.
Does your software product provide any resource or knowledge section for its users? If yes, what kind of material is provided to your users to help them get acquainted with your product?
We have a support portal with a knowledge base and how-to videos.
What kind of support system do you offer to your clients for catering to their queries and issues?
We offer In-app chat support and also support through other channels like Email and Phone.
What has been the revenue for your product for 2020?
Our revenue was around $10,000 in 2020 since we were giving free subscriptions for a lot of initial users.
Where do you see your product in the next 10 years?
We want to position our product as the leader in accounting software in terms of ease of use, cost-effectiveness, and mobility.
myBooks Pricing
Pricing Type
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Free
Payment Frequency
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Monthly Payment
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Annual Subscription
myBooks Reviews
Harley Harding
Posted on Nov 01, 2022
myBooks is an online accounting software that makes accounting management easy and is specially built for small businesses.
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Review Summary
This cloud-based accounting software is a wonderful one. It is very simple for everyone to use a new user. It makes everything easy for my business such as recording transactions, profits, losses, and expenses. A must-have tool for businesses.
Which features have you used in myBooks?
Accounting Software
How long have you used myBooks?
11 Months
How frequently you use myBooks?
Daily
What do you like the most about myBooks?
Suitable for all kinds of businesses to manage their accounts and finances.
A very affordable solution for small and solo businesses.
You can save a lot of time as this program connects with your bank and work automatically.
What do you like the least about myBooks?
There are a few areas of improvement.
Marty Tingey
Posted on Oct 19, 2022
myBooks is online accounting software that helps manage finances suitable for small business owners.
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This is the best tool that provides great accounting and bookkeeping services for small businesses. It is really very useful to manage expenses, profit & loss, inventory with a low stock alert, and cash flow of a business more efficiently. It has a great UI and it is a very easy-to-handle tool. Great support from the technical team.
Which features have you used in myBooks?
Accounting Software
How long have you used myBooks?
12 Months
How frequently you use myBooks?
Daily
What do you like the most about myBooks?
Affordable solution for small businesses.
Easy to use and user-friendly.
Reliable and nice solution.
Great tool for SMEs and the dashboard is nice.
What do you like the least about myBooks?
A few features are confusing for me.
Anonymous User
Posted on Aug 08, 2022
myBooks is a bookkeeping, invoicing & accounting platform that manage all business financials, and easily track and manage income and expenses.
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Awesome accounting software for my business. It's quick and easy to create invoices and expenses. Help us with lots of customizations. Creating estimates and business bookkeeping on this software is very easy and hassle-free. This software is available on a mobile device. Its application and all available features are fantastic. I can easily manage my day-to-day accounting.
Which features have you used in myBooks?
Accounting Software
How long have you used myBooks?
7 Months
How frequently you use myBooks?
Daily
What do you like the most about myBooks?
Their customer support is quick.
Best accounting software for small businesses.
Affordable and simple to use.
What do you like the least about myBooks?
More advanced options can make it more suitable for mid and large corporates.
Anonymous User
Posted on Jul 28, 2022
myBooks is easy-to-use online accounting software designed to serve midsize businesses to manage their finances.
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I love myBooks accounting software, it is very simple and very good at what it does! They make my record-keeping and accounting tasks so much easier!
It’s really great for tracking the details of a variety of projects. It is easy to create professional invoices as well as track them. Its all features are advanced and useful.
Which features have you used in myBooks?
Accounting Software
How long have you used myBooks?
6 Months
How frequently you use myBooks?
Daily
What do you like the most about myBooks?
Excellent software, for maintaining the accounting for all kinds of businesses like manufacturing, FMCG, retail store, logistics and construction firms.
One of the best accounting software that provides free GST invoicing, billing and much more.
Offers a great analytics dashboard to manage accounts.
What do you like the least about myBooks?
So far there is nothing I dislike about this software.
Narbhavi M
Posted on Mar 30, 2022
This software is one of the best for accounting software for small businesses
Review Summary
This accounting software is one of the best suited for my business. It has the best integration, simple to use, has easy transactions, efficient inventory management.
How long have you used myBooks?
32 Weeks
How frequently you use myBooks?
Weekly
What do you like the most about myBooks?
This accounting software is worthy for subscription. The features looks cool and simple to use
What do you like the least about myBooks?
I haven't found any flaws in this accounting software. It really works well for my business