Name: MyBooks Professional
Price: 59 USD
Author: Appgen Business Software

Help Desk

Web and Video Conferencing

Customer Support

Agile Development

Changelog

Image Recognition

JavaScript Frameworks

Development

K-12 Online Learning

Education

Business Intelligence (BI)

Collaboration

Corporate Performance Management (CPM)

Desktop Publishing

Interactive Voice Response (IVR)

Supply Chain Management

Enterprise

Accounting

Payment Hubs

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Credentialing

HR Management

Leave Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Brokers

Cloud Storage

Data Center Outsourcing (USA)

Data Lakehouse

Data Masking

Data Privacy Management

Ethernet Switches

Fraud Detection

IT Asset Disposal

IT Asset Management

IT Infrastructure Monitoring

Integration Platform as a Service (iPaaS)

Managed IT Service

Network Performance Monitoring

Network Security

Routers

Software Distribution

Tape Storage

Technology Business Management

Threat Hunting

Wireless LAN

Information Technology

A/B Testing

Account-Based Marketing (ABM)

Ad Serving & Retargeting

All-in-One Marketing

Brand Intelligence

Click Fraud

Content Management

Digital Signage

Email Management

Email Marketing

Graphics

Marketing Automation

Social Media Management

Survey & Forms Building

Swag Management

Web Analytics

Marketing

Project Management

Video Conferencing

Professional Services

Customer Relationship Management (CRM)

Presales

Trade Promotion Management

Sales

Animation

Equipment Rental

InsurTech

Insurance Policy Administration Systems

Laboratory Information Management

Lease Management

Legal Billing

Vertical-Specific

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MyBooks Professional is a comprehensive accounting software designed to assist small and medium-sized businesses in efficiently managing their financial operations. According to the vendor, this software is aimed at freelancers, self-employed professionals, small business owners, entrepreneurs, accounting and bookkeeping firms, consulting firms, as well as retail and e-commerce businesses. MyBooks Professional offers a range of features and tools to streamline bookkeeping, invoicing, expense tracking, and financial reporting, making it a valuable solution for businesses across various professions and industries.

## Key Features

**Expense Tracking**: According to the vendor, MyBooks Professional allows users to track and categorize expenses, capture and store receipts digitally, and generate expense reports for informed financial decision-making.

**Invoicing**: The vendor claims that MyBooks Professional enables users to create professional-looking invoices customized with company branding and logo, easily generate and send invoices to clients or customers, and track invoice status and payment history for efficient accounts receivable management.

**Bank Reconciliation**: The vendor states that MyBooks Professional offers automatic import of bank transactions and easy reconciliation, helping users detect and resolve discrepancies between bank statements and accounting records for accurate and up-to-date financial data.

**Financial Reporting**: According to the vendor, MyBooks Professional allows users to generate detailed financial reports, including balance sheets, profit and loss statements, and cash flow statements. These reports can be customized to meet specific business needs and requirements, providing insights into business performance for data-driven decision-making.

**Inventory Management**: The vendor claims that MyBooks Professional enables users to track inventory levels, sales, and purchases in real-time, set up low stock alerts for timely replenishment, and optimize inventory management to reduce carrying costs.

**Payroll Management**: According to the vendor, MyBooks Professional offers accurate calculation of employee salaries, deductions, and taxes. Users can generate pay stubs and reports for easy record-keeping and ensure compliance with payroll regulations through automated processes.

**Multi-Currency Support**: The vendor states that MyBooks Professional allows businesses to conduct transactions and manage finances in multiple currencies. The software automatically converts currency values based on real-time exchange rates, facilitating international transactions and expanding global business operations.

**Tax Management**: According to the vendor, MyBooks Professional simplifies tax preparation and compliance with automated tax calculations. Users can generate tax reports and summaries for accurate reporting and filing, staying up-to-date with tax regulations and ensuring timely payment and filing.

**Integration with Third-Party Applications**: The vendor claims that MyBooks Professional seamlessly integrates with popular business tools and software. Users can sync data between MyBooks Professional and other applications for streamlined workflows, enhancing productivity and efficiency by connecting different systems.

**Data Security and Backup**: According to the vendor, MyBooks Professional prioritizes the protection of sensitive financial data through advanced security measures and encryption. Users can perform regular data backups to prevent data loss and ensure business continuity, maintaining data privacy and compliance with industry regulations.

Basic

Forever Free

Solo

InvoiceBerry

Single User - Unlimited Everything

Harpoon

MyBooks Professional

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

Appgen Business Software

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

MyBooks Professional

Overview

What is MyBooks Professional?