RealBooks

Cloud-based accounting and financial management software for nonprofits and organisations operating in India

RealBooks is a cloud-based accounting platform designed for organisations that require structured financial management across multiple programmes, branches, or entities. It supports real-time accounting, GST compliance, inventory tracking, and reporting within a single system, and is hosted on cloud infrastructure.

RealBooks

Financial management challenges for nonprofits and social purpose organisations

Challenge
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Organisations operating across locations or programmes may struggle to consolidate financial data and track performance in real time

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Distributed teams using desktop or disconnected systems can face delays in accessing financial information and reports

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Managing GST filings, e-invoicing, and reconciliations manually can increase compliance risk and administrative effort

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Using separate tools for accounting, inventory, and reporting creates duplication and reconciliation challenges

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Entry-level systems may not support multi-user access, structured reporting, or growing transaction volumes

Solution
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RealBooks enables organisations to manage accounting, compliance, inventory, and reporting within a unified cloud-based system. This supports real-time visibility, structured financial processes, and improved coordination across teams and locations.

Key capabilities of RealBooks

Five core capabilities that support structured financial management

Financial accounting and reporting

Maintain ledgers, generate financial statements, and access reports such as profit and loss, balance sheets, and management summaries

Multi-entity and branch accounting

Manage multiple branches or programme units within a single system, with consolidated and segment-level reporting

GST and compliance management

Support GST workflows including invoicing, reconciliation, and compliance reporting aligned with Indian regulations

Workflow controls and access management

Define user roles, approval processes, and access permissions across teams and locations

Inventory and operational tracking

Track stock, purchases, and sales within the same system to maintain alignment between financial and operational data

Pricing for nonprofits

RealBooks uses a per-user annual subscription model with a minimum user requirement. Organisations should confirm current pricing directly with the provider.

Starter plan

  • Indicative pricing from ~₹8,000 per user per year
  • Core accounting features including invoicing, GST, and bank reconciliation

Standard plan

  • Indicative pricing from ~₹12,500 per user per year
  • Includes inventory, multi-branch accounting, and advanced reporting

Advanced plans

  • Professional and enterprise configurations available based on organisation requirements

Best suited for which organisations?

Mid-sized nonprofits and social purpose organisations

Suitable for organisations managing multiple programmes or locations

Organisations transitioning from spreadsheets or desktop tools

Supports movement to structured, cloud-based accounting workflows

Teams requiring multi-user access and financial controls

Enables role-based access, approvals, and coordinated workflows

Organisations requiring integrated accounting and inventory

Combines financial and operational tracking within one system

Frequently Asked Questions

What makes RealBooks different from TallyPrime?

RealBooks is cloud-based and supports multi-user access from any location. TallyPrime is primarily desktop-based and may require additional setup for remote access.

Is RealBooks suitable for small organisations?

RealBooks is generally better suited to organisations with multiple users or locations. Smaller organisations with simple needs may prefer lighter tools.

Does RealBooks support GST and e-invoicing?

Yes. RealBooks includes GST-related workflows such as invoicing, reconciliation, and compliance reporting.

How does it compare to simpler tools like Vyapar?

RealBooks provides more structured accounting, reporting, and multi-user capabilities. Vyapar is more suitable for basic billing and small-scale operations.

Want to learn more?

The information provided here is created as a community resource and is not intended as professional advice or a recommendation by ILSS or Koita Foundation. While we strive to ensure the accuracy of the content, we do not take responsibility for any errors or omissions. Users should use their own discretion before making any decisions based on this information. ILSS or Koita Foundation assume no liability for any actions taken based on the information provided.