LEDGERS is a cloud-based accounting platform that simplifies financial management for small businesses. The platform offers tools for invoicing, payments, and GST compliance, providing an integrated solution for handling finances and connected banking services.
Funding
Funding not disclosed
Founders
Product
Problem
Many small businesses struggle with managing their finances due to complex invoicing processes, difficulties in tracking payments, and challenges in complying with tax regulations, leading to errors and inefficiencies. Existing accounting solutions often lack integration and are not easily accessible across multiple devices.
Solution
LEDGERS is a cloud-based platform designed to simplify financial management and compliance for small businesses. The platform provides tools for invoicing, payment reconciliation, connected banking, HR & payroll management, and tax filing, accessible through web browsers, Android, iOS, and APIs. LEDGERS automates tasks such as bank transaction reconciliation, GST/VAT return preparation, and financial statement generation. By integrating these functions into a single platform, LEDGERS streamlines financial operations, reduces errors, and ensures compliance with local regulations.
Target Audience
The primary target audience includes small business owners, entrepreneurs, and accountants who need a comprehensive, easy-to-use platform for managing their finances and ensuring regulatory compliance.
Features
- Automated invoice creation with embedded payment links and UPI QR codes
- Real-time tracking of profit and loss, balance sheets, and cash flow
- Integrated payment reconciliation engine for bank accounts and payment gateways
- Direct filing of GST (India) and VAT (UAE) returns through API integration with regulatory platforms
- Comprehensive HR and payroll management, including employee onboarding, attendance tracking, and payslip generation
- Secure cloud access with data localization within AWS data centers to comply with regional regulations
- Customizable chart of accounts compliant with Indian Accounting Standards (IND AS) and UAE accounting practices
- Mobile apps for Android and iOS to manage finances on the go
- API support for integration with existing business systems
- Automated reconciliation of input tax credit and reminders to vendors for ITC mismatches