myBillBook

myBillBook Review: Simplified Invoicing or a Financial Mess?

Managing a business in India is already a grind without the added hassle of endless paperwork. Our finance team has been there, scribbling invoices on paper, trying to track expenses in a spreadsheet, and losing hours to manual inventory counts. The business operations seemed to be driven by the demands of accounting. That’s when we saw myBillBook being mentioned repeatedly as an easy solution, so we finally decided to check it out.

Honestly? It immediately caught the attention because it seemed built for our exact problem. The low price point, along with its promise to handle GST billing and inventory, felt almost too good to be true compared to the more complicated, expensive software we had considered.

After our finance team used it for a few months across our billing, inventory, and expense tracking, I have prepared the review. Sure, it has all these features, but the real question is whether it actually works out for a busy business owner like you. This review covers everything we’ve learned: the good stuff, the frustrating parts, and whether it’s worth your time and money.

Let’s begin reviewing!

Pros and Cons of myBillBook

Key Features of myBillBook Invoice and Bill Generation Software

myBillBook is India’s leading invoicing solution that simplifies financial operations for businesses of all sizes. Here are some of the key features of this software:

1. Professional Billing & Invoicing

myBillBook allows you to create professional, GST-compliant, and non-GST invoices with ease. It gives you the ability to efficiently generate quotations, estimates, proforma invoices, and delivery challans. You can then instantly download, print, or share these documents with your clients directly via email and SMS.

2. Customizable Invoice Design

The platform gives you the power to customize your invoices so they perfectly reflect your brand. You can select from a wide range of pre-designed invoice templates or use the ‘Custom Invoice’ feature to create a unique design from scratch. You can also add custom fields, ensuring every invoice is tailored to your specific business needs and professional identity.

3. Efficient Inventory Management

myBillBook allows you to transform inventory management into a seamless and controlled process. It gives you the ability to manage stocks across multiple storage locations efficiently. Features like batching and serialization provide precise product traceability, while the ability to generate and print barcodes and labels simplifies handling. The system also provides automated low-stock alerts so you can ensure proactive inventory replenishment.

4. Automated e-Invoicing & e-Way Billing

myBillBook is built to simplify your tax and compliance procedures. It allows you to automate the generation of e-invoices in a single click. You can facilitate tax reconciliation through automatic GSTR-1 reconciliation and share your GSTR-1 & 2 reports directly with your Chartered Accountant every month. The system also gives you the power to automatically generate e-way bills, ensuring all your shipments are legally compliant.

5. Comprehensive Business Management Suite

myBillBook serves as your central platform for managing all business operations. It allows you to manage multiple businesses or branches from a single application. You get extensive staff management capabilities, including staff attendance and payroll management, and the ability to provide controlled access for different staff roles. To monitor business performance, the platform gives you over 25 detailed reports. You can also manage all your suppliers and vendors in one place and access your data from multiple devices, including your mobile, PC, and laptop.

6. Advanced Business Growth Tools

The platform provides you with a suite of integrated tools designed to support business growth and customer engagement. You can execute targeted SMS and email marketing campaigns and establish a digital catalogue and online store. The system also allows you to use service reminders, CRM tools, personalized greetings, digital business cards, and a loyalty and rewards program to build strong customer relationships.

7. Security and Reliable Support

myBillBook gives you peace of mind with a foundation of security and reliability. Your business data is protected with full encryption and secure cloud storage. The platform maintains transparent policies with no hidden charges. It allows you to recover deleted invoices and supports features like automated billing, foreign currency invoicing, and data export to Tally. Best of all, a dedicated 24/7 support team is available through phone, chat, and email to assist you in your preferred language.

myBillBook Pricing Structure

myBillBook doesn't offer a free plan, but you can try some of its features with a free trial, such as generating invoices and e-way bills. You can choose a plan that fits your business needs, with flexible monthly or annual billing options. Here is a quick summary of myBillBook pricing.

Note: Pricing can vary according to the latest updates on the official website of the product.

MobileAppDaily's POV myBillBook

Our finance team recently completed a detailed analysis of myBillBook to assess its viability as a billing solution. We found that myBillBook offers several key strengths. The software is intuitive and easy to use, making it highly accessible to team members without an accounting background, which significantly reduces training time. It efficiently handles both GST and non-GST invoices, along with essential documents like e-way bills and quotations, simplifying our compliance workflow. Additionally, its availability on web, desktop, and mobile devices allows for flexible and productive work from any location.

However, our analysis also revealed a few limitations. The software lacks an offline billing capability and requires a stable internet connection, which can be a challenge. We found that options for invoice templates are limited and that Tally compatibility could be improved. Furthermore, a significant concern is that new software updates have occasionally been reported to reset user settings, requiring frequent re-configuration.

In conclusion, myBillBook is a viable solution for businesses focused on simplifying day-to-day billing and inventory management. However, for organizations with complex accounting needs or a high dependency on uninterrupted offline functionality, a more advanced solution may be necessary.