In today’s fast-growing business environment, small and medium-scale enterprises (SMEs) play a crucial role in driving innovation, employment, and economic growth. However, one of the biggest challenges SMEs face is managing their finances efficiently. Entrepreneurs, who often juggle multiple responsibilities, find accounting management stressful as it involves expense tracking, invoicing, tax compliance, and maintaining accurate cash flow records.
Recognizing this critical need, Kanakkupillai — a leading legal, tax, and corporate compliance solution provider in India — has made significant strides with its flagship digital platform, gbooks.io. The company has now introduced enhanced features along with dedicated Android and iOS mobile applications to help SMEs manage their finances more smartly, seamlessly, and efficiently.
This launch aligns with Kanakkupillai’s vision to simplify financial processes for entrepreneurs, empowering businesses of all sizes with innovative digital tools that drive growth, transparency, and compliance.
Why Does Accounting Management Need a Smarter Solution?
Small and medium enterprises (SMEs) are generally considered the backbone of the Indian economy, contributing approximately 30% to GDP and nearly 48% of exports. But one of the primary reasons that leads most small businesses to fail or collapse in growth is financial mismanagement. Traditional accounting procedures, operating on manual ledgers, worksheets, or old account software, are not agile, not accurate, and do not provide the insights necessary for success in today’s competitive landscape.
Small and medium enterprises (SMEs) tend to have challenges in real-time tracking of expenses and revenues.
- Delays in manual invoicing can lead to cash flow issues.
- Invisibility of outstanding payables and receivables.
- Cumbersome compliance requirements like GST filing.
- Lack of financial skills and professional accounting advice may exist across a large number of SMEs.
Kanakkupillai tackles these problems squarely with Gbooks, offering SMEs an integrated yet streamlined platform to take care of all their financial matters—now easier still with the new launch of Android and iOS applications.
The Evolution of Gbooks
Since its release, Gbooks has been conceived as a cloud-based accounting software tailored specifically for Indian SMEs. It offers a fusion of ease of use with a full complement of features, making it ideal for firms lacking in-house accounting competence.
Today is an integrated product that includes invoicing and billing, expense management, bank reconciliation, stock management, tax filing support (GST included), and financial reporting and analytics.
The platform was originally available only through web browsers; however, the increasing demand for mobile money management led to the development of dedicated mobile apps, allowing business proprietors to track, manage, and make effective financial choices whenever and wherever they want.
Key Highlights of Gbooks Accounting App
The iOS and Android accounting apps launched by Kanakkupillai made gbooks.io a more agile and user-friendly platform.
- Intelligent and easy invoicing: The app offers GST-compliant invoices in the form of customisable templates, automated reminders for pending payments, and real-time status updates, allowing for quicker collections and improved cash flow.
- Receipt and expense management: It eradicates mistakes and offers precise accounting records with the ease of not needing to enter data manually.
- Banking seamlessly: Upon linking the users’ bank accounts, they can monitor transactions automatically and indicate discrepancies in real time, providing the organisation with an up-to-date snapshot of cash position.
- Simple Tax Compliance: With reminders and notifications that are automated, SMEs can easily stay ahead of deadlines.
- Informative Dashboard: With the new app, clients are able to see real-time financial dashboards with sales, expenses, profit margins, and cash flow trends, enabling timely and informed decisions.
- Collaborative Access: The app offers multi-user access, and business owners, accountants, and teams can work efficiently.
- Secure and Scalable: With a solid cloud foundation, the app protects sensitive financial data by securely encrypting it and scaling to meet the needs of growing businesses.
Launch Offers and Availability
To commemorate the launch, Kanakkupillai is providing free premium access for the first month to new mobile app users. Existing gbooks.io online customers can upgrade to the mobile application for a special discounted price for a short duration.
The Gbooks.io mobile app is now available for download on:
- Android: https://play.google.com/store/apps/details?id=com.gbooks.io_app&hl=en_IN
- iOS: https://apps.apple.com/in/app/gbooks-accounting/id6748995315
Source: Kanakkupillai featured in The Hindu and Mid-day News.
