7 Best Incredible Features of RealBooks Business Cloud Accounting Software

The face of accounting has changed tremendously in the past few decades. All thanks to the exponential growth of technology. 

Since the introduction of Visicalc, the first spreadsheet software, in 1978, given birth to computerized accounting and more technology platforms to date. 

A study by Atherton Research, in 2018, predicted the automation of all accounting activities along with payroll, taxes, audits, and banking with the help of AI-based technology. 

And it holds true!

Because in the next two years since the release of that study, the world was introduced to a plethora of accounting software online. 

In India, in the year 2010, it was reported that the country’s accounting software market is projected to grow at a CAGR of more than 14% from 2016 to 2021.

A huge number of large-scale businesses form a major part of the end-users of online accounting software in India. And by this year, the user base has grown towards small and medium-sized enterprises across the country, as a result of increasing IT spending coupled with rising government support and other similar integrations. 

In this article, we’re going to talk about Realbooks accounting software to better understand the growing need for online accounting software across businesses and industries

Here are the 7 best features of Realbooks

Realbooks is an easy-to-use cloud-based Accounting  – Inventory – Payroll platform that provides a centralized database to run your entire business at your fingertips.

These are several Incredible features that make Realbooks an efficient, effective, scalable, and fastest growing online accounting software in India

1. Consolidated Reporting

Realbooks is a comprehensive feature-packed accounting solution that not only helps in accounting but also in generating MIS business reports. 

Realbooks simplifies the following

a) Know the details of your business accurately
b) Get profitability of company, branch, project
c) Track payables and receivables easily
d) Monitor productivity with order & sales report
e) Batch Management & Quality Checking
f) Production Plan & Material Requisition Planning
g) Get profitability statement for profit/cost groups
h) View reports filtered by profit/cost center

It does not matter whether you are a small business or a Fortune 500 company, Realbooks’ comprehensive feature list, combined with unique intelligence tools, will definitely ensure higher business efficiency.

2. Simplified Tax Compliances

It is important accounting software to keep up with changing tax compliances. Realbooks provides

a) Setup available to automatically calculate  GST and TDS
b) View reports for GST and TDS payments
c) Generate reports for GST and TDS returns
d) Generate GST compliant Invoices

Realbooks is directly integrated with the GST portal, so your business can manage your tax invoices with ease.

3. Collaborative workspace

Realbooks recognizes the importance of coordinated collaboration to ensure smooth functionality and efficiency.

With this software, your employees won’t have to experience redundant operations and wastage of precious time and manpower in manually conducting repetitive tasks.

Realbooks ensures

a) Easy handling of millions of records and transactions
b) Define permissions and restrict access to data
c) Restrict backdated entries and edits
d) Create unlimited companies and branches
e) Get consolidated reports for all branches
f) Auto-posting for inter-branch entries
g) Define permissions for users in various branches

Because all data is compiled, exchanged, stored, and retrieved through the same piece of software, your employees don't have to worry about its accuracy or completeness.

4. Paperless Office

Accounting activities generate a lot of paperwork and cloud accounting software can help you go paperless. 

With Realbooks you can

a) Upload bills to the cloud directly or via dropbox with a document attachment feature that enables

b) You to attach scanned physical documents to each entry
c) Define rules for approving bills for payments
d) Retrieve old uploaded bills/documents
e) Centralize bookkeeping

This can help your business to establish a green initiative and even cut costs

5. Customizable dashboard

Realbooks provides a customizable dashboard with a really good graphical representation of your reports. 

The Maker-Checker feature is fully customizable with unlimited ​levels based on voucher type, ledger, amount, etc​. It also helps to track dealer-level sales, state-wise sales, plant level accounting.

And all being maintained real-time, without any requirement to synchronize data. 
To summarize, Realbooks’ dashboard enables you to

 

a) Know your company's finances at a glance
b) Analyze the profitability of branches & projects
c) Budget money with a summary of dues
d) Know the status of compliances done

6. Enhanced analytics and accessibility

The best thing about online accounting software is that they provide remote access.

Anyone can access them from anywhere, saving time and other important resources. The analytics of the software makes business functionality smooth by generating reports routinely. 

With Realbooks web accounting software you can:

a) Get intelligent notifications on mails
b) Set rules for notifications on transactions
c) Get RealBooks to send you automated reports
d) Set up a schedule for receiving various reports
e) Access your books anytime and anywhere
f) Get rid of expensive Servers and the IT team
g) Generate invoices offline at factories and shops
h) Availability on iOS and Android
i) Browser and Operating system flexibility

7. Ensured Security

Cloud accounting software is safe to use. Some of the best online accounting software in India use premium services as hosts to take it up a notch for ensuring data security.

Realbooks uses Amazon Web Services, so the data has multi-level back-ups, replications, and other protective measures that ensure it is secure. 

All these features are what a business should look for before investing in new accounting software. It is a feature-packed tax compliant GST accounting software that makes your business operations and other day-to-day accounting tasks a breeze. 

That’s why Realbooks is known as one of the best online accounting software in India in 2021. 

It also provides a 14 day trial period and startup subscription plan at a very reasonable price

If you’re a small business owner or a seasoned business with multiple branches, then head to online accounting today.