All you need to know about Refrens; Refrens review

Refrens could probably be the most easy-to-use cloud GST accounting software in India. It is a valuable tool for small businesses as well as freelancers as it simplifies the process of invoicing and improves cash flow. All under one roof, it contains plenty of features. Some of the amazing features that the app has to offer are: 

• GST Invoicing, GST accounting & reports, and Payable/Receivable accounts​ with seamless integration for E-invoicing and e-way bills.

• It manages your stock/ inventory automatically.

• It easily manages all the major expenses that one may keep in mind while dealing with any financial transaction. 

• It provides the facility for managing your finances, creating a business profile, and getting international payments. 

• With Refrens, it is easy to generate invoices in no time; this is made possible with its simplistic yet elegant invoice templates. All that the users need to do is select a template that they would like and feed in the data in seconds.

• They can schedule their invoices and track whether the clients open those invoices or not. It also gives the clients the ability to invoice each other directly through automated reminders that guarantee fast transactions.

• Under the simplified GST accounting system, the app helps users automatically generate journal entries and voucher entries, balance sheets, trial balance reports, P&L statements, GSTR reports, and other very critical financial reports.

• Refrens ensures 100% compliance with all GST guidelines.

• It allows you to create invoices in multiple currencies due to which you can easily track forex gains or losses.

• Refrens offers free Quotation software through which users can generate quotes and track whether they are being viewed by their clients or not. Later, they can swiftly transform those quotes into invoices, which saves a lot of time and manual work.

• The lead management tool on Refrens helps you capture leads and organize them. You can keep track of your leads by communicating with them over WhatsApp and converting them into clients. This feature will help you boost your revenue.

• Refrens has categorized their softwares for SMBs, SMEs, consultants, startups, export/import businesses, professional services, and freelancers or self-employed, keeping in mind the requirements of every.  

• Refrens offers a special tool called ‘growth suite,’ which helps businesses to expand by giving them an opportunity to collaborate with other businesses.

• The new expense management feature on Refrens tracks and manages all your expenses instantly. It can also generate expense reports within seconds.

• There’s also a feature to generate eye-catching greetings in order to indulge with your clients.

Pros tax calculation and filing

Refrens automates the tax calculation, so there is no stress. It considers all the taxes involved in the transactions within the apps and ensures that all the taxes are filed in the right, accurate way based on your financial data.

User-Friendly Interface

With Refrens, users whose level of knowledge is not accounting-based can file their taxes easily, with no need for a professional touch, since Refrens comes with an interface that can be easily navigated.

GST Compliance

In this regard, Refrens has the perfect solution for small business owners who do not wish to invest heavily in costly accounting software. That is, with its GST management feature, users prepare GST-compliant invoices, maintain a record of their tax credit, and file their GST returns all in one place.

Automated Reminders

It saves you from the fines and penalties, as it sends an automatic reminder of the deadline for filing the taxes. There will be no need to vigilantly track it to keep a note of all tax obligations.

On the flip side, the tool has its cons with customer support and international payments, which might raise issues for businesses dealing with customers internationally.

Cons Limited international features

Where it simplifies the tax filing process for Indian businesses, the companies dealing with more complex international tax requirements could need multiple tools that Refrens is yet unable to offer.

Customer support-related issues

When passing through crucial tax filing moments, at times, few users have expressed that they do not have customer support in case they need to inquire about something regarding their taxes.

Pricing

Most of the features the app provides come free of cost, though some features are locked in their premium plan ranging from about Rs.3,500/year to Rs.8,500/year. Thus, this app is really one worth using for managing invoices and payments more efficiently. They also have premium bundles including comprehensive premium  features suitable for businesses starting from Rs. 3,495 per business for three months to Rs. 3,15,000 per business for three years.

Conclusion

The general feedback for Refrens happens to be towards the positive end, with wider acceptability, as users vouch for its simple interface and the suitability of the tool for the management of small businesses and freelancers in business operations. Very recommendable, especially for its cost-effectiveness.

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Also read: Seven best accounting software in India

Is the invoice generator on reference free?

Yes, the invoice generator on Refrens is complpetely free for freelancers, agencies, small businesses, and entrepreneurs. you can generate 15 templates every year and also access free templates.

Will my data be safe on Refrens?

Refrens takes utmost care of the security and privacy of their user’s data. That’s why over 150k businesses across the world trust them when it comes to managing their business.

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