Khatabook – Manage your Business & Personal ledgers on your phone
Khatabook enables micro, small and medium merchants to track business transactions safely and securely. It also offers features such as online payment collection through UPI and QR. In addition, the solution sends periodic reminders to creditors via messages and report generation. Merchants are using the app extensively while adding $200 Million worth of transactions every day. The high-engagement has resulted in more than 25% of the total active merchants joining the platform through word-of-mouth and referrals.
Popularly known as “kirana stores,” India’s local, small-sized mom & pop stores often buy and sell merchandise on credit, but can find it difficult to keep track of and recover their dues. Khatabook has helped empower these small and independently owned stores. With a payment reminders feature, an automatic SMS is sent to customers every time a transaction is recorded, free of cost. As a result, it delivers better transparency with faster repayment potential.
Furthermore, all details of credit-debit for any number of customers across multiple businesses is ready and handy on the merchant’s phone. Its digital bookkeeping service has helped small businesses upgrade from paper based records to digital records and automated reminders that help receive dues faster.