Simple, Easy, Free Accounting for Non Accountants - myAbakus

Managing accounts for any business is crucial. Especially for start-ups and Small and Medium Enterprises (SMEs), which have the challenge of focusing more on their core offering rather than the other aspects of the business. Many a times accounting takes a back seat as the focus is on sales and core offerings in order to rise up the value chain for its customers.

Many SMEs have realized that managing finances is one of the most crucial aspect for their sound and stable existence. Financial accounting for any business is a critical task and moreso from the perspective that it helps understand the performance of the business and the future growth it can expect. Business decisions of every kind and nature are affected due to finances.

Challenge for the SMEs
For the emerging enterprises one of the critical challenges is to either have a specialized team in-house which handles finances or outsource the finance function, till the time they are able to do it themselves. This is an extended challenge for many entrepreneurs who are not well versed with the accounting aspects. SMEs generally are not aware of the various financial accounting tools, technology and objects which can go a long way in helping them align their accounting in the initial stages of the business.

Being a Non Accountant, Can Technology Help me?

Now that's the interesting part. Many of the start-ups and SMEs in India might not have sound accounting team on board and hence it becomes a challenge for them to understand the nuances and manage theirs accounts. Now you can use myAbakus to keep your business on the right track and manage:

• Billing
• Cash Control
• Stock Control
• Accounts Receivables
• Cash Flow Management
• Business Management

What is myAbakus?

myAbakus is a free bookkeeping software designed to help you run and control your business, so that you can keep it organized, online and on the right track. In more formal terms, myAbakus is an accounting, bookkeeping and financial management software.

Any person, group or entity interested in keeping its accounting and bookkeeping in order and up-to-date: entrepreneurs, small businesses, freelancers, non-profits. Whether you’re in professional services, retail, or manufacturing, or simply trying to keep track of your personal expenses, myAbakus can help you.

Is it free, really?

Yes, myAbakus accounting software is free for the following reasons as given by the company:

• Because we want to promote accounting and bookkeeping as management tools instead of legal requirements
• Because we want to support new and small business in their quest for growth
• Because on top of the free version we offer premium services for those who need to extend its functionality

How to use myAbakus?

The following YouTube video explains the software and gives a descriptive information on how to use it:

The screen capture below shows how myAbakus can be used for the various accounting functions:

You can use use myAbakus as your free accounting software focused on improving your business management

For premium customers, myAbakus does have premium pricing which is explained in the screen capture below:

You can simply Sign up for free for myAbakus by clicking on the following URL: https://www.myabakus.com/en/signup

There are many such online tools available, which are benefiting the Small and Medium Enterprise segment. To know more, get in touch with the experts at IndiaMART Knowledge Services. Do drop in a comment to this post to let us know what else would you want us to share about!