In the dynamic world of Micro, Small, and Medium Enterprises (MSMEs), digital tools are rapidly transforming how businesses operate. Whether it’s managing inventory, creating GST invoices, or collecting payments, MSMEs today have access to powerful mobile apps that simplify and streamline daily operations.
Among the most popular are Khatabook and Vyapar—but they’re just the beginning. If you’re an entrepreneur or small business owner looking to boost efficiency and growth, here are 10 essential apps and tools like Khatabook and Vyapar that every Indian MSME should consider.
1. Khatabook
Digital Ledger for Small BusinessesKhatabook is a free digital ledger app that helps small businesses record credit and debit transactions digitally. It replaces traditional bahi-khata books and sends automatic payment reminders via SMS and WhatsApp, reducing manual follow-ups.
Key Features: Credit tracking, payment reminders, data backup.
Best For: Local shopkeepers, kirana stores, and service providers.
2. Vyapar
Invoicing, Billing & GST AccountingVyapar is a comprehensive business accounting app tailored for Indian MSMEs. It allows businesses to manage inventory, create GST-compliant invoices, generate financial reports, and track payments easily.
Key Features: GST billing, inventory management, barcode scanning.
Best For: Traders, distributors, wholesalers, and retailers.
3. myBillBook
Smart GST Billing & Accounting AppmyBillBook offers easy-to-use solutions for GST-compliant invoicing, expense tracking, and payment collection. It helps MSMEs maintain accurate records and improve cash flow.
Key Features: Custom invoices, profit/loss reports, payment tracking
Best For: Businesses that need simple accounting without complexity.
4. OkCredit
Digital Credit Ledger AppOkCredit is another popular digital ledger that records transactions between businesses and customers. It supports multiple languages and provides secure, cloud-based data storage.
Key Features: SMS payment reminders, multilingual support
Best For: Small merchants, freelancers, and local businesses.
5. BharatPe
QR Code Payments and Business LoansBharatPe enables merchants to accept UPI payments via a single QR code from over 150 banking apps. It also offers short-term loans and digital ledger services.
Key Features: Zero transaction fees, loan offers, ledger tracking
Best For: Retailers and vendors looking for a simple payment solution.
6. Paytm for Business
Payment Acceptance and ReportsPaytm for Business helps MSMEs accept payments through UPI, cards, and wallets, and provides real-time sales tracking and bank settlements.
Key Features: QR code payments, instant bank transfers, analytics
Best For: Both online and offline merchants.
7. PhonePe for Business
Digital Payment CollectionWith PhonePe for Business, small businesses can accept secure UPI payments and track transactions from a user-friendly dashboard. It also offers promotional features to increase visibility.
Key Features: UPI payments, sales analytics, fast settlement
Best For: Kirana stores, salons, and small-scale service providers.
8. Zoho Books
Complete Online Accounting SoftwareZoho Books is a cloud-based accounting solution that offers GST compliance, banking integrations, automation tools, and inventory management. Ideal for businesses ready to scale.
Key Features: Online invoicing, tax filing, workflow automation
Best For: SMEs with growing digital needs and teams.
9. TallyPrime
Trusted Business Accounting SoftwareTallyPrime, the successor to the classic Tally ERP, is a robust accounting tool that supports GST, payroll, bank reconciliation, and financial reporting.
Key Features: Multi-user access, GST compliance, audit trail
Best For: Traditional businesses with accountants or bookkeepers.
10. Dukaan
Create Your Own Online StoreDukaan allows MSMEs to quickly set up their own e-commerce stores without any technical knowledge. It supports digital catalogs, order management, and payment integrations.
Key Features: Online store builder, WhatsApp integration, delivery partners
Best For: Local sellers looking to expand online.
Final Thoughts: Digitize to Thrive With India’s MSME sector contributing over 30% to the GDP and employing over 11 crore people, adopting digital tools is no longer optional—it’s essential. Whether you’re a kirana store owner, manufacturer, or service provider, these apps can significantly boost productivity, compliance, and customer satisfaction.
Embrace the digital transformation today—and let your MSME grow smarter, faster, and stronger.
