The beating heart of any company, be it a small start-up or an entire organization, is its accounting system. The general functioning of the account management activities is a key determinant of the company’s overall progress and growth. Very often, a lag in the accounting management department is what hinders the expansion of the business or the company. This brings in the need for a messiah which can simplify the very process of accounting and associated management. That is where RealBooks comes in.
What is RealBooks?
RealBooks is a world class cloud-based accounting software that seeks to untangle financial complexities for start-ups, businesses and accountants. It provides a comprehensive solution to major and minor accounting hiccups that companies invariably face, by providing a platform to manage a gamut of financial activities by the tip of the finger.
Adopting Cloud-based apps
RealBooks offers a smooth transition and easy migration from an existing software and allows the user to begin account management immediately. It offers the benefits of a simple as well as an advanced inventory at the user’s disposal, which can be utilised to perform activities ranging from creating price-lists and rule-based cash discounts upon receipts to handling complex production cycles and planning purchases with material requisition planning.
RealBooks can provide detailed and accurate reports regarding various aspects of the business. It can be used to track payables and receivables and monitor the productivity and profitability of a company, branch or project.
Switch to a Paperless Office
One of the major areas in which RealBooks eases business management and accounting is in the documentation sector. As it is a cloud-based software, it eliminates the need for records, thanks to the document management feature. Bills and documents can be uploaded directly to cloud or via dropbox and book-keeping can be centralised.
Access your books anytime
The books can be accessed anytime and anywhere and the need for unnecessary splurging on expensive servers and IT teams is negated. Moreover, it is iOS and Android compatible, making it a management solution on the go.
RealBooks can also easily track sales orders, purchase orders and the status of pending orders to allow for a glitch-free management. The production and costing planning, batch management and quality checking too can be done via it.
Manage multiple branches
If you have multiple companies or branches at your helm, RealBooks is the one-stop, go-to management solution for all of them. It allows users to get consolidated reports for all branches, auto post for inter-branch entries and define permissions for users in various branches, making the humongous task of managing multiple companies or branches seem like a cake-walk.
Accounts at a glance
The unique dashboard feature allows the user to analyse the company’s finances, the profitability of branches and projects and know the status of compliances done- all at a single glance! RealBooks can be used to generate GST-Compliant invoices and boost brand identity with unique designs. It can also track ageing by tagging receipts with invoices.
Define permissions and enhance data security
RealBooks is an ever-growing avenue for your business and accounts. It can handle millions of records with ease, restrict back-dated entries and edits and define permissions to the data. The advanced security ensures that your data is never compromised. The intelligent notifications help you to keep a track of all your activities and give you reminders and automated reports to ease the process of accounting and management.
RealBooks derives its multi-faceted approach from its equally multi-talented team. It is helmed by Anurag Mohta, an MBA graduate from IIM Lucknow, who is a former global investment banker with a decade of unparalleled global experience and Neeraj Jain, a Chartered Accountant, who has made his mark as one of the most renowned CAs in the country. Though both of them are from non-technical background, they have been tireless in their efforts to learn the technicalities and take their brainchild to even newer heights.
What’s in it for the reseller?
RealBooks offers best in class commissions for re-seller partners. It is a SaaS (Software as a Service) product which generates recurring revenue for its partners. There is also a window to increase revenue through implementation, all the while providing necessary support to the end-client. RealBooks provides easy integration with other softwares via Application Program Interface (API).
RealBooks is a product that can cater to small and medium businesses as well as Fortune 500 companies with equal dexterity. It provides best in class marketing and sales support as well as around the clock tech support, making it one of the most dependable products of its kind.
Case Study : Problem
One of their customers is a Mumbai based logistics company with six branches across India. The volume of data entries the company dealt with was humongous and majorly repetitive. Also, having multiple branches made the accounting and management procedure even more complex. That is where RealBooks came in to ease the difficulties that the company faced.
To eradicate the problem of Multiple Ledgers, RealBooks helped the client by creating a Central Ledger, thus creating an uniform ledger account system instead of fragmented branch ledgers. This also allowed the Head Office to define the permissions of each branch separately. So even though the ledgers were same for the entire business, the access given to the branch offices was controlled.
The huge volume of repetitive transactions that the company dealt with was simplified via RealBooks, which automated their inter-branch entries, saving a lot of time and effort on the go. The consolidated reports of all the branches could now be accessed with ease anytime and anywhere. Also, thanks to the Centralized Ledger system, the company could easily plan its expansion minus the looming problem of branch accounting management.
This means that a company can now have an unbiased focus on business expansion, without having to undergo accounting troubles and the company’s resources, time and energy can be whole-heartedly directed to this purpose, without undergoing further lags due to accounting or branch management issues.
RealBooks offers an extensive solution to a vast array of accounting management problems faced by companies and accountants. With its technical proficiency and hands-on problem-management experience, RealBooks is set to become the go-to solution for major as well as small-scale companies or organizations alike. It is on its way to revolutionize the very system of accounting, keep-up with the changing times and take it to its new zenith. The age of futuristic accounting has arrived and RealBooks is one of its prime flag-bearers.