Accounting Bookkeeping

Accounting Bookkeeping is a comprehensive Chrome extension designed for small businesses to effortlessly manage their finances without requiring deep accounting knowledge. It enables users to record sales, purchases, expenses, payments, and taxes with ease. The extension supports invoice creation with customizable templates, payment tracking including partial or advance payments, and detailed dashboards showcasing monthly financial summaries.

Inventory management is integrated, automatically updating stock levels on sales and purchases, and calculating profit margins through cost of goods sold tracking. It also offers robust tax support for systems like VAT and GST by tracking input credits and offsets, ensuring accurate net tax payable calculations. Additional features include expense management, ledger and journal views based on double-entry accounting, and backup capabilities via Dropbox or Google Drive. This free-to-try tool helps streamline accounting tasks for businesses dealing with both services and physical products.