Cloud Accounting Software for Manufacturers

Trusted by 150k+ Businesses across 178 countries

One-Stop Accounting Software for Manufacturers

Manage Purchase, Accounting, Inventory, and Compliance in one place.

Accounting Software For Manufacturers - GST Accounting

Simplified GST Accounting

Create & share GST invoices, sales/purchase orders, and other accounting documents.Track cashflow with accounts receivables & payables, automate recurring invoices, and send automated payment reminders to ensure timely payments. Easily manage ledgers, vouchers, and journal entries for precise financial recording with Refrens accounting software for manufacturers.

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Accounting Software for Manufacturers - Inventory Management

Robust Inventory Management

Automatically update inventory every time you sell or purchase an item. Keep track of all you inventory, average selling price, average purchase price, current stock levels, product-wise profitability, and more with ease.

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Accounting Software For Manufacturers - Expense Management

Efficient Expense Management

Record, track, and manage all your business expenses such as inventory purchases, employee salaries, petty expenses, utility bills, and more. Get insights into all your incoming & outgoing payments with detailed reports with Refrens accounting software for manufacturers.

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Accounting Software For Manufacturing Businesses - GST Compliance

Hassle-Free GST Compliance

Ensure 100% GST compliance with automated GST reports, E-invoicing, E-way billing, Audit Trails, and more.

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Comprehensive Reporting

Get in-depth insights into your business finances with reports for accounts payable/receivable, product-wise profitability, income statement, balance sheet, and P&L with our manufacturing accounting software.

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Accounting Software For Manufacturing Businesses - Reliable and Ease to Use

Reliable & Easy-to-Use

Our intuitive software ensures that you require no training to get started. All our plans come with 24x7 support over chat, call, and email. With more than 99% uptime and regular updates, you can stay assured of a seamless experience.

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Accounting Software For Manufacturers - Data Security

Industry Best Security

Enjoy secure data storage, regular security updates, and automatic backups to ensure your data is always safe and accessible. Our role-based access controls help protect your sensitive data and get peace of mind.

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Rated ⭐ 4.8/5 based on 11700+ Ratings

What Our Clients Says About Us

Refrens has increased our operational efficiency and reduced the need for human resources. It’s so easy yet so powerful!

NayanFounder, Sugoi Labs, Software Services Agency

I believe they have the best user experience among all the accounting software.

Snehal BhattOwner, Nexait LLC, Agency

Refrens has automated a large chunk of our accounting process - from Invoicing and bookkeeping to creating GST reports and P&L statements. Would recommend it.

AnjaniFounder, Brown Mocha

There are various accounting software in the market, but none worked for me as Refrens did!

LinkeeFreelancer, Content Writer

Tally was too complicated for me. Zoho? too expensive. Refrens just hits that right sweet spot - It’s simple, It’s feature-rich, and it’s value for money.

AniketOwner, Spaceplexx, Coworking Space

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Everything You Need for Your Manufacturing Business

InvoicesGenerate GST/Non GST invoices & customize as per your brand identity.

Quotation & EstimatesCreate attractive quotations & estimates instantly - share & track when clients view them.

Sales/Purchase OrdersManage all your sales orders and purchase orders in one place—create, share, and track with ease.

Credit/Debit NotesQuickly correct invoicing errors by generating credit or debit notes in seconds.

E-way BillsEasily generate E-way Bills to ensure compliance with transport regulations.

E- InvoicesInstantly create e-invoices with multiple GSTINs, generate IRN & QR codes in bulk, and auto-validate data for full compliance.

Client & Vendor ManagementSeamlessly manage all your client & vendor information in one place.

Inventory ManagementAutomatically update inventory whenever an invoice or expense is created. Track stock levels, average selling price, and more.

Ledgers & Account Groups Easily track balances for each account while recording and categorizing transactions.

Expense ManagementRecord & track all your expenses in one place - keep an eye on profitability.

Comprehensive ReportsGenerate detailed reports for invoices, payments, clients, TDS, GST, and more with just one click.

API IntegrationInstantly create automated invoices without system access using the Refrens invoice API.

Multi-currency InvoicesEasily create invoices in various currencies and track forex gains or losses.

1-click WhatsApp & Email SharingQuickly share quotations and invoices via WhatsApp or email, or schedule them for later.

Seamless conversionConvert your purchase orders into expenses in one click if you are a buyer. Vendors can turn the POs received into Sales orders/ Proforma Invoices/Invoices in one click.

Auto-assistanceAutomatically fill in 80% of details based on previous documents, reducing manual efforts and saving time.

Recurring InvoicesCreate recurring invoices for retainer projects OR subscription products automatically.ear view of your business’s financial health.

Branding & CustomizationChoose from multiple templates, fonts, colors, etc. and customizable as per your needs.

P & L StatementEffortlessly monitor your business’s profitability.

Automated Payment RemindersSend automated payment reminders via WhatsApp and email to get paid faster.

Multiple Businesses & Team MembersSeamlessly manage multiple businesses. Add your sales, admin and accounts team with custom access with roles and permissions.

IndiaMART IntegrationSeamlessly import your IndiaMART leads into Refrens and send invoices, quotations, and other accounting documents in minutes.

Convert Quote to InvoiceEasily convert your quotes to invoices with just a click. This online quotation software ensures a smooth transition from quote to payment, saving you time and effort.

Access Anytime AnywhereEasy to use across any device & any place. Completely reliable with the highest up-time.

The smartest investors in the room are backing our vision.

People who understand money, match-making and all things Internet.

Vijay Shekhar SharmaFounder, Paytm

Anupam MittalFounder, Shaadi.com

Kunal ShahFounder, CRED

Founders of AngelList, DailyNinja, Voonik.com, Park+ and many more.

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More Tools from Refrens

Frequently Asked Questions (FAQ)

What is Refrens?

Refrens is a one-stop platform for your accounting, admin, and sales team to manage invoicing, accounting, expenditures, inventory, sales, and other business processes.

1.5L+ businesses across 178+ countries have simplified their day-to-day business operations with Refrens.

Will my data be safe on Refrens?

We take utmost care when it comes to the security and privacy of our users’ data. That's the reason why over 150K+ businesses across the world trust us when it comes to managing all things business. For details regarding our privacy policy, please visit - https://www.refrens.com/privacy-policy

How reliable is your system? What is your uptime?

Refrens promises an uptime of 99% - which is among the best in the industry. Our robust system ensures that you can ensure your business operations without any interruptions.

Can the software adapt and scale as my business grows?

Absolutely! Our software is designed to seamlessly adapt and scale alongside your business, ensuring that it meets your evolving needs at every stage of growth. We are also committed to continuously enhancing the software by rigorously adding new features, functionality, and improvements so that your business can always stay ahead of the curve.

As your business expands, our software can accommodate an increasing number of users, manage larger volumes of data, and handle more complex tasks without compromising on performance or efficiency. We regularly update our software to incorporate new technological advancements, industry best practices, and customer feedback, ensuring that you always have access to the latest and most innovative solutions.

Additionally, our cloud-based infrastructure offers unparalleled scalability and reliability, with the ability to adjust resources on-demand to cater to your business's specific needs. This means that you can be confident that our software will support your growth without any disruption or downtime.

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Accounting Software for Manufacturers

The manufacturing industry is unique in its complexity, requiring a meticulous approach to accounting and financial management. From tracking inventory to managing production costs, manufacturers face a range of challenges that demand specialized accounting tools. This is where accounting software tailored for manufacturers becomes indispensable, enabling businesses to streamline their operations, maintain compliance, and make informed financial decisions.

What Type of Accounting is Used in Manufacturing?

Manufacturing accounting involves several key practices designed to track costs, manage inventory, and ensure accurate financial reporting. Unlike general accounting, manufacturing accounting often requires:

Cost Accounting: This focuses on capturing the costs associated with production, including direct materials, labor, and overhead. Cost accounting helps manufacturers determine the cost of goods sold (COGS) and set pricing strategies.

Job Order Costing: This method assigns costs to specific batches or jobs, making it ideal for manufacturers producing customized orders. It involves tracking expenses from the start of production to the delivery of the final product.

Process Costing: Used by manufacturers who produce similar items in bulk, process costing averages costs across all units produced. This method is common in industries like food processing and chemical manufacturing.

These accounting practices are essential for manufacturers to maintain profitability, control costs, and ensure their financial statements reflect the true state of their operations.

What are the Key Features for Accounting Software for Manufacturers?

Manufacturers need accounting software that addresses the specific requirements of their industry. Here are some of the key features to look for:

Inventory Management: Real-time tracking of raw materials, work-in-progress, and finished goods is crucial. It allows manufacturers to monitor stock levels, reorder points, and track inventory movements seamlessly.

Cost Accounting: Software enables detailed cost tracking, helping manufacturers monitor production costs, analyze profitability, and make data-driven pricing decisions.

Integration with ERP Systems: Manufacturers often use ERP systems to manage their operations. Accounting software integrates smoothly with these systems, ensuring that financial data is always up-to-date and consistent across the board.

Budgeting and Forecasting: Effective financial planning requires robust budgeting and forecasting tools. Accounting Software offers these features, enabling manufacturers to predict cash flow, plan for future expenses, and align their budgets with business goals.

Compliance and Tax Management: Keeping up with industry regulations and tax laws is a significant concern for manufacturers. Accounting software for manufacturing businesses simplifies compliance by automating tax calculations, generating GST-compliant invoices, and producing accurate tax reports.

Automated Reporting: Accounting Software for manufacturers provides financial reports, including profit and loss statements, balance sheets, and custom reports tailored to their specific needs.

What are the Benefits of Using Specialized Accounting Software?

Using specialized accounting software tailored to the needs of manufacturers offers numerous benefits:

Enhanced Accuracy: Automation reduces the risk of errors in financial data, ensuring that all transactions are recorded correctly and consistently.

Increased Efficiency: By automating routine tasks like invoicing, payroll, and inventory management, manufacturers can focus more on core activities, boosting productivity.

Better Inventory Control: Real-time inventory tracking prevents stockouts and overstocking, optimizing the supply chain and reducing waste.

Improved Decision-Making: With access to detailed financial reports and analytics, manufacturers can make informed decisions that enhance profitability and growth.

Simplified Compliance: Accounting software for manufacturing businesses ensures that all financial activities are compliant with local regulations, reducing the risk of penalties and legal issues.

Common Challenges While Accounting for Manufacturing Businesses and How Software Can Help?

Manufacturers face several accounting challenges that can be mitigated by using specialized software:

Complex Cost Tracking: Tracking direct and indirect costs can be daunting. Top cloud accounting software simplifies this by automating cost allocation and providing clear insights into production costs.

Inventory Management: Managing inventory levels across multiple locations can lead to inaccuracies. Top Accounting Software with inventory management ensures real-time updates and accurate stock levels.

Compliance and Regulatory Changes: Keeping up with regulatory changes can be overwhelming. Accounting Software automates compliance tasks, such as GST calculations and e-invoicing, ensuring that manufacturers remain compliant.

Data Integration: Disconnected systems can lead to data silos, making it difficult to get a holistic view of the business. Accounting software integrates with ERP systems, providing a unified platform for all financial data.

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Why Refrens is the Ideal Choice for Manufacturing Businesses?

Refrens is not just another accounting software; it's a comprehensive solution tailored specifically for the unique needs of manufacturing businesses. Here's why Refrens stands out as the best choice:

Invoicing

The software allows manufacturers to create GST-compliant invoices with customizable templates that can be tailored to match your brand identity. Refrens also supports multi-currency invoicing, making it easy for businesses dealing with international clients. Additionally, features like quotation-to-invoice conversion and recurring invoicing automate tedious processes, saving valuable time and reducing the risk of errors.

Accounting

Refrens offers advanced accounting features that go beyond basic bookkeeping. With automated ledger updates, voucher management, and real-time reconciliation, Refrens ensures that your financial records are always accurate and up-to-date.

GST Compliance

The software automates GST calculations, ensuring that every invoice is compliant with the latest tax laws. It also offers integrated e-invoicing and e-way bill generation, streamlining your compliance processes and reducing the burden of manual entry. With features like GSTR-1, GSTR-2B reports, and TDS management, Refrens ensures that you stay on top of all your tax obligations.

Inventory Management

Refrens offers real-time inventory tracking, integrating seamlessly with your invoicing and accounting processes. The software automatically updates inventory levels as sales are made or purchases are received, ensuring accurate stock levels at all times. With detailed reports like Product-Wise Profitability, Refrens provides manufacturers with the insights needed to optimize stock levels, reduce waste, and improve cash flow.

Expense Management

Refrens excels in expense management by allowing businesses to track and manage purchases, employee salaries, petty expenses, utility bills, and so on. The software supports bulk expense uploads, making it easy to manage large volumes of transactions. Detailed expense reports and analytics help manufacturers identify cost-saving opportunities, optimize budgets, and ensure that spending aligns with financial goals.

Vendor Management

Refrens offers a powerful vendor management system that tracks all financial interactions with suppliers, including purchase orders, payments, and credits. The Vendor Report feature provides a comprehensive view of outstanding balances, payment history, and supplier performance. This enables manufacturers to maintain strong supplier relationships, negotiate better terms, and ensure timely deliveries.

Reporting and Analytics

Data-driven decision-making is essential in the manufacturing industry, and Refrens provides the tools you need to stay ahead. The software offers a wide range of customizable reports, including Profit and Loss Statements, Balance Sheets, and Cash Flow Statements. Refrens also provides industry-specific reports like GSTR-1, Product-Wise Profitability, and Vendor Performance Analytics, giving manufacturers a complete overview of their financial health. With these insights, you can make informed decisions that drive growth and profitability.

Best Security

Refrens ensures the highest level of data protection with robust encryption protocols, secure cloud storage, and role-based access control. Automatic data backups and 24/7 monitoring provide peace of mind, knowing that your financial information is safe and accessible whenever you need it. Refrens adheres to industry standards for data security, ensuring that your business remains compliant with all regulatory requirements.

24/7 Support

Manufacturing never stops, and neither does Refrens' support. With 24/7 customer support, Refrens is always available to assist you with any questions or issues that arise. Whether it's setting up the software, troubleshooting a problem, or optimizing your accounting processes, Refrens' dedicated support team is there to help you every step of the way. Personalized onboarding and ongoing support ensure that you get the most out of the platform, keeping your manufacturing business running smoothly.

How Refrens Expense and Inventory Management Help Manufacturers?

Expense Management Refrens provides a comprehensive expense management system that covers all aspects of a manufacturing business, including employee salaries, purchases, utility bills, and petty expenses. The software automates expense tracking and categorization, making it easy to monitor and control costs. With features like bulk expense uploads and detailed reports such as Tag-Wise and Line Item Reports, Refrens offers deep insights into spending patterns. This helps manufacturers identify cost-saving opportunities, optimize budgets, and ensure that expenses are aligned with financial goals, ultimately improving overall financial efficiency and profitability.

Inventory Management Refrens streamlines inventory management by automatically updating stock levels as sales are made and purchases are recorded. This ensures that inventory records are always accurate, preventing issues like stockouts or overstocking. The system seamlessly integrates with invoicing and expense tracking, providing real-time updates and minimizing manual work. Additionally, Refrens offers detailed reports, such as Product-Wise Profitability, to help manufacturers analyze product performance and make informed decisions about production and inventory levels. This comprehensive approach to inventory management enhances operational efficiency and supports better cash flow management.

Tips for Optimizing Accounting Software in Manufacturing Businesses

To get the most out of your accounting software, consider the following tips:

Regularly Update Your Software: Ensure that your software is up-to-date with the latest features and security patches. This will help you leverage new tools and maintain data security.

Train Your Team: Invest in training for your team to ensure they are proficient in using the software. A well-trained team can maximize the benefits of your accounting software.

Customize Your Dashboards: Tailor your software dashboard to highlight the most critical metrics for your business. This will provide quick insights and help you stay on top of key performance indicators.

Use Automation Features: Take advantage of automation features such as recurring invoices, payment reminders, and automated reporting. This will save time and reduce the risk of errors.

Integrate with Other Systems: Ensure that your accounting software integrates seamlessly with other systems like ERP, CRM, and inventory management tools. This will create a unified platform for all your business data, improving efficiency and decision-making.

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