10 powerful features introduced on myBillBook to boost business activities for SMBs

myBillBookIndia’s leading GST invoicing and accounting software for small and medium-sized enterprises (SMBs), in a mega update introduced 10 new features on the platform aimed at simplifying business operations for SMBs. These new features are designed to help SMBs do business more easily and efficiently, providing them with a comprehensive suite of tools to manage their billing, accounting, payroll, marketing and customer relationship management needs. With these additions, myBillBook further strengthens its positioning as a one-stop solution for SMBs, leveraging technology to solve critical pain points and enable digitization for businesses in India.

Over the past three years since its launch, myBillBook by FloBiz has already helped more than 70 lakh businesses in India grow by enabling digitization of their day-to-day business operations and management from anywhere, anytime. Built from a customer-first approach, myBillBook is available on Android, iOS and desktop and can be accessed both online and offline, making it convenient for businesses to use in any situation. With its advanced core features like GST/Non-GST invoicing, e-Way invoicing, POS invoicing and e-Invoicing, small and medium enterprises generate transactions worth INR 12,500 Cr. on myBillBook each month, demonstrating its widespread adoption and impact on the SMB community.

The new capabilities introduced by myBillBook are the result of in-depth consumer research aligned with the company’s objective of “Building For Bharat” or developing technology solutions for the emerging India. These features and modules are designed to match the persona of Indian SMBs in a way that they are intuitive to use, yet powerful and cover the wide spectrum of use cases for different industries. This includes:

WhatsApp Marketing: Users can now promote their businesses through bulk marketing campaigns on WhatsApp and analyze the return on investment (RoI) of these campaigns. The brand new and easy-to-use templates available on the platform will enable small business owners to announce and publicize various activities such as discounts, promotions, seasonal sales and festivals.

Staff Attendance & Payroll Management: This is a dedicated module that allows business owners to mark the attendance of their employees, add advance payments and manage staff payroll.

Automatic accounts: SMBs can now set up recurring invoices for retainer-type services to their clients, eliminating the need for manual invoice creation each month. This not only saves a lot of time for business owners, but also removes errors and inconsistencies. Users are only required to set up services rendered, frequency and reminder schedule and the software takes care of automatically generating and sharing professional invoices to customers and clients.

GSTR in JSON: Users can download and email their GSTR1 files in JSON format for easy uploading to the GST portal or sharing with accountants, along with 25 other important reports.

Generate E-Way bills on mobile: This latest feature will provide users with the ability to generate e-way bills on mobile phones. This feature was previously available on myBillBook’s web app, but it has recently been integrated into its mobile app as well. This feature makes the process of bill generation completely automatic, and the user can send error-free e-way bills directly from their mobile phones to the parties of their choice.

Balance sheet: With this new capability, SMBs can now generate balance sheets directly on myBillBook and have a comprehensive and consolidated view of their business finances while maintaining corporate compliance.

Customer Relationship Management (CRM): Users can set and send service reminders to buyers and sellers, as well as set notifications for upcoming appointments. Features such as birthday reminders are also included to enhance customer delight.

Loyalty programs: Business owners can now set up loyalty programs for their customers to support them in retaining customers for the long term by converting loyalty points directly into discounts on future purchases and avoiding their customer turnover after sales. The exclusive loyalty programs will improve the relationship of SMBs with existing customers and attract new customers with attractive offers.

Multiple bank accounts: Users can now manage multiple bank accounts and payment methods, making it easier to reconcile payments received and made from different accounts.

Data export to Tally: Users can effortlessly export all myBillBook data to Tally, a popular accounting software, making it easier to manage their business data and reports.

“Understanding the use cases and solving the pain points of our users through technology-led solutions is at the core of our philosophy. We are excited to introduce these new features and capabilities on myBillBook and strongly believe that they will be a game changer for our users. In addition to providing core functionalities around invoicing, reports, inventory management, account management, and now marketing for clients, myBillBook also provides staff billing and marketing. myBillBook is constantly evolving into a one-stop solution and a complete business management software that simplifies operational processes and improves business efficiency on the go. said Rahul Raj, CEO and Co-Founder, FloBiz.

The new features introduced by myBillBook will help users improve their customer experience through streamlined CRM, service reminders and WhatsApp Marketing. The addition of features for managing staff attendance and payroll, as well as advancements in accounting features such as providing balance sheets and GSTR in JSON format, will help accelerate digitization for SMBs in building robust mobile-first solutions and addressing the pressing issues of the Indian SMB sector, in line with the vision of building an Aatmanirbhar Bharat.

About myBillBook

myBillBook is designed to help SMB owners run their operations from anywhere, anytime. Available on both mobile and desktop, it provides a secure platform for business owners to record transactions and track business performance on the go. It is an ideal software for GST registered businesses where invoicing is one of the core business activities. Companies that want to digitize their operations and better understand their financial position can also use this software. It helps them create accounts (GST and non-VAT) and e-invoices, record purchases and expenses, maintain inventory and manage creditors/debtors right from their mobile phones or computers. The app also generates 25+ critical business reports that help business owners make effective business decisions. myBillBook is currently available in English, Hindi, Gujarati and Tamil.