Effortless Financial Accounting & Ledger Software for Business Owners
Tired of dual data entry between your billing counter and separate accounting software? InventoryPlus connects daily sales, stock purchases, and counter expenses directly into an automated, double-entry financial accounting engine. Manage customer khata (उधारी), track supplier payables, reconcile bank accounts, and view your real-time Profit & Loss Statement and Balance Sheet without hiring an expensive full-time accountant.
Zero Dual Entry: Bills auto-post to general ledgers
Party Khata (उधारी): WhatsApp payment reminder links
Instant P&L & Balance Sheet: Real-time net profit
Bank Reconciliation (BRS): Match bank statements fast
4.9 / 5 Rating • Trusted by 10,000+ Indian Retailers, Wholesalers & Service Businesses
✔ Books Balanced
Ledger Group: Sundry Debtors
Credit Limit: ₹ 1,00,000.00
+ ₹ 42,500.00
- ₹ 30,000.00
Trial Balance: Dr = Cr ✔
6 Capabilities That Make Accounting Simple for Business Owners
No complex accounting jargon, no confusing keyboard shortcuts. Get crystal-clear visibility into cash flow, profitability, and customer debts.
Automatic Double-Entry Bookkeeping
Every time you create a sales bill, purchase invoice, customer payment receipt, or vendor payment voucher, InventoryPlus handles the debit and credit journal entries behind the scenes. Zero manual bookkeeping required to keep your general ledgers 100% balanced.
- Sales, Purchase, Receipt, Payment, Contra & Journal vouchers
- Strict mathematical balance enforcement: Total Debit = Total Credit
- Complete audit trail with timestamp and user login identity
Party Khata (उधारी) & Receivables
Never lose track of pending customer debts (उधारी) or supplier credits. Maintain individual ledger accounts for every debtor and creditor. Set credit limits to block bill creation when customers exceed allowed balances, and send automated payment reminder statements with UPI payment links.
- Enforce credit days (15, 30, 45 days) and credit amount limits
- Send PDF statement of accounts directly to client's WhatsApp
- Bill-by-bill FIFO adjustment for partial payments and advances
Cash Book & Multi-Bank Management
Manage cash in drawer alongside multiple bank current accounts (HDFC, ICICI, SBI, Axis) and digital wallets. Record daily counter petty cash expenses (tea, cleaning, postage, fuel) with quick expense vouchers and transfer funds between bank accounts via 1-click Contra vouchers.
- Tally physical cash drawer at every cashier shift close
- Categorize petty expenses by custom expense heads
- Track cheque deposits, clearing dates, and bounce charges
Bank Reconciliation Statement (BRS)
Reconciling your bank balance against your accounting books is typically a tedious weekend chore. With InventoryPlus BRS, compare internal bank books against your official bank e-statement. Tick off cleared transactions to pinpoint unpresented cheques or uncredited deposits instantly.
- Side-by-side reconciliation workbench view
- Identifies uncredited customer NEFT/RTGS payments
- Generates official Bank Reconciliation Statement for auditors
Real-Time P&L and Balance Sheet
Do not wait until the financial year-end to find out if your business made money or lost money. InventoryPlus dynamically generates your Trading Account, Profit & Loss Statement, and Balance Sheet in real time, factoring in opening stock, purchases, gross revenue, and landed expenses.
- Real-time gross profit margin and net operating profit
- Asset and Liability classification compliant with Schedule III
- Compare monthly and quarterly performance trends
Chartered Accountant & Tally Export
Your Chartered Accountant will love the clean data structure. Export trial balances, general ledger books, Day Books, and voucher listings into formatted Excel spreadsheets or Tally XML format, eliminating hours of manual data entry during annual statutory tax audits.
- 1-click Tally XML export for seamless CA integration
- Audit trail logs track every invoice modification and deletion
- Fixed asset register with automated depreciation calculation
How Automated Business Accounting Works
Run your daily billing operations normally while the system builds clean, audit-proof books of accounts.
Setup Chart of Accounts
InventoryPlus comes pre-configured with standard accounting groups (Debtors, Creditors, Bank Accounts, Expenses, Capital, Sales, and Taxes).
Perform Daily Billing & Inward
Sell goods at the counter and record inward supplier shipments. The software posts sales, taxes, cost of goods, and debtor/creditor balances instantly.
Record Expenses & Receipts
Log cash collections, UPI receipts, bank transfers, and operational expenses in 3 clicks using intuitive voucher entry screens.
Review Reports & Share with CA
Access instant financial dashboards. Export Trial Balance, P&L, Balance Sheet, and Customer Khata ledgers in PDF or Excel at any time.
Why Dual Billing & Accounting Software Wastes Money
Discover the hidden costs of running a retail billing software at the counter and entering everything again into separate accounting tools.
The Trap of Disconnected Systems
Most small businesses make the mistake of using one tool for billing and another heavy accounting tool for bookkeeping:
Strict Accounting Invariants Built Right In
InventoryPlus enforces professional accounting principles automatically so you never have to worry about out-of-balance books or corrupted ledgers.
InventoryPlus vs. Legacy Accounting Software
See why modern business owners choose InventoryPlus over complex, expensive accounting tools.
| Feature / Capability | InventoryPlus Accounting | Traditional Accounting Software | Basic Billing Only Apps |
|---|---|---|---|
| Direct POS Billing Integration | ✔ Inbuilt high-speed retail checkout | ✘ Clunky POS; requires manual ledger entries | ✔ Fast billing but zero accounting |
| Automated Double-Entry Posting | ✔ 100% automated on invoice save | ⚠ Requires manual journal entries | ✘ No double-entry ledgers |
| Real-Time Profit & Loss / Balance Sheet | ✔ Dynamic 1-click generation | ✔ Available but complex menus | ✘ Only sales totals (No true P&L) |
| Bank Reconciliation (BRS) | ✔ Built-in reconciliation workbench | ⚠ Difficult keyboard-driven menus | ✘ Not available |
| Customer Khata (उधारी) on WhatsApp | ✔ 1-click PDF statement sharing | ✘ Complex print/export configurations | ⚠ Basic text SMS only |
| Staff Training Time | ✔ Less than 30 minutes | ✘ Weeks of formal accounting coaching | ✔ Quick but very limited |
Ideal for Retailers, Wholesalers & Service Providers
Discover how various business models run their complete accounting with InventoryPlus.
Supermarkets & Retail Stores
Manage high-volume counter cash, reconcile daily card/UPI settlement batches, and record supplier payments with complete ledger accuracy.
Wholesale Traders & Stockists
Enforce strict credit limits, track 30/60/90-day party khata (उधारी) balances, and send automated payment reminder statements to retailers.
Hardware, Electricals & Building Materials
Track multi-stage contractor payments, running ledger accounts, partial cheques, and material return adjustments with clear audit trails.
Service Agencies & Maintenance Workshops
Invoice client service fees, track operating expenses, calculate TDS deductions, and manage multi-bank cash flows with zero stress.
Common Questions About Business Accounting
Everything you need to know about setting up ledgers, managing khata, and generating financial statements.
Do I need an accounting background or formal training to use InventoryPlus?
Not at all! InventoryPlus is built specifically for business owners, shopkeepers, and store managers. When you sell goods or receive payments, you interact with simple everyday forms (like customer name, item, payment amount). The software handles the complex debit, credit, and journal ledger postings automatically behind the scenes.
Can I send customer ledger khata statements directly on WhatsApp?
Yes! Open any customer's ledger, click "Share Statement", and choose WhatsApp. InventoryPlus compiles an itemized statement showing all past bills, payments received, running balance, and a direct UPI QR payment link, allowing customers to clear outstanding debts quickly from their phones.
How does the software handle Bank Reconciliation (BRS)?
InventoryPlus features an interactive Bank Reconciliation workbench. You can import your bank statement or view your internal bank book alongside bank transactions. By marking the date each cheque or online transfer cleared on your bank statement, the system computes the exact variance between book balance and bank balance.
Can my Chartered Accountant export data from InventoryPlus into Tally?
Yes. InventoryPlus includes 1-click export of sales registers, purchase registers, journal vouchers, and ledger masters directly into standard Tally XML format (.xml) or formatted Excel workbooks (.xlsx). Your CA can import this file straight into TallyPrime or Tally.ERP 9 with zero manual re-typing.
Does the software calculate real-time gross profit and net profit?
Yes. Because InventoryPlus tracks inward landed purchase costs and all operating expenses (rent, salaries, electricity, transport), the Profit & Loss report calculates your accurate Gross Profit (Sales minus true Cost of Goods Sold) and Net Profit (Gross Profit minus overheads) dynamically at any time of the year.
Take Complete Control of Your Business Accounting
Eliminate double data entry, manage customer khata effortlessly, and enjoy real-time financial clarity. Download the free edition of InventoryPlus today.