Gen BAL vs. ThinkOut Comparison


Gen BAL SAG Infotech Pvt Ltd	ThinkOut	+	+
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About SAGInfotech's Gen Balance Sheet Software is the premier choice for any tax professionals and chartered accountants (CA) who need to maintain their P&L and balance sheet account statements. The software also makes cash flow statements in Excel format. It is a comprehensive financial document that prepares and simplifies the task for tax accounting professionals. It offers different kinds of features, including the calculation of accounts, and various user-friendly financial statements in a very easy-to-understandable format. Additionally, the software offers Import and export options, which makes it integrate with third-party popular applications such as Tally and Busy. This permits users to perfectly manage their financial data in a single place.	About ThinkOut is the online platform that delivers financial analysis and forecasting for SMEs in just a few minutes, based on the transaction history from their bank accounts. On a single screen you can check the total balance for your connected bank accounts, the cash runway given the current balance and the expense rate or the revenue and expenses of the past three months. ThinkOut automatically fills in the cash flow plan with data from the bank account statements. It displays in an accessible, visual manner the way your company’s money is distributed on income and expense categories. ThinkOut translates the transactions data into easy-to-understand charts that shine more light on how the income and expenses are structured and evolve. The platform gradually builds cash flow forecasts based on the business activity over the past years. This way you can plan your business according to anticipated income and expenses patterns.
Platforms Supported Windows Supported Mac Not Supported Linux Not Supported Cloud Not Supported On-Premises Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported	Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported
Audience Accountants and tax professionals seeking a solution to manage their financial processes	Audience Companies searching for a solution to manage and improve their financial operations
Support Phone Support Supported 24/7 Live Support Supported Online Not Supported	Support Phone Support Not Supported 24/7 Live Support Not Supported Online Supported
API Offers API Not Supported	API Offers API Not Supported
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing ₹6000 per year Installation Price - ₹6000 + 18% GST Updation - ₹3500 + 18% GST Free Version Not Supported Free Trial Supported	Pricing $50.00/month/user Free Version Not Supported Free Trial Not Supported
Reviews/Ratings Overall 5.0 / 5 ease 5.0 / 5 features 4.9 / 5 design 4.2 / 5 support 5.0 / 5 Read all reviews	Reviews/Ratings Overall 0.0 / 5 ease 0.0 / 5 features 0.0 / 5 design 0.0 / 5 support 0.0 / 5 This software hasn't been reviewed yet. Be the first to provide a review: Review this Software
Pros & Cons from Real Users Pros I am extremely satisfied with Gen Balance Sheet Software as it simplifies my audit and financial reporting assignments while keeping them up to date. The software automatically prepares Profit & Loss Accounts, Notes to Accounts, and Schedule III-compliant Balance Sheets. It also helps me generate audit documentation, financial statements, CARO reports, Directors’ Reports, certificates, and other statutory documents with ease. Additionally, I can conveniently download templates and import them into the software, which saves time and enhances productivity. I use this software in my firm to prepare Profit and Loss statements and Notes to Accounts as per Schedule III and Schedule VI requirements. The software allows automatic preparation of the Balance Sheet, both with and without the Revised Schedule III format. It also provides depreciation computation as per the Income Tax Act and the Companies Act, along with preparation of the Fixed Asset Register. Additionally, I can easily import and export data through Excel, eliminating the need for manual data entry. After using the Gen Balance Sheet software for five years, I can easily generate my UDIN registration with it. I also use it to calculate ratios for multiple years and merge two trial balance files. I even prepared the company auditor’s report, CARO, IFCR, Notes to Accounts, Director’s Report, Representation Letter, Notice, Certificate of Confirmation, Balance Sheet as per Schedule III, and more. The working process of this software is very simple and manages all your tasks efficiently. I use this software to file to import my Tally data into the Gen Balance sheet software. Also, it can easily merge the two balance sheet data. The advanced features of this software are cash and fund flow, Form 15CA and 15CB, Form 16 and 16A, etc, with unlimited user access. I also remember that during the deadline period, I was very much depressed about how I failed, but thank you, support team, they resolved all of my queries immediately. Gen Balance Sheet is a widely used software for preparing balance sheets. For 10 years, I used this to simplify the process of preparing profit and loss statements, importing financial data from Busy and Tally. Additionally, after using this, it can generate cash flow statements, prepare audit documents, and calculate depreciation quickly and easily. Cons The software is equipped with advanced features and is regularly updated with the latest utilities and templates. I have not experienced any drawbacks or dislikes while using this software. Prepare the Auditor Report and Tax Audit Forms 3CA, 3CB and 3CD Advanced software for easy access by users and businesses Generate the financial reports easily and on time for me
Training Documentation Supported Webinars Not Supported Live Online Not Supported In Person Supported	Training Documentation Supported Webinars Not Supported Live Online Not Supported In Person Not Supported
Company Information SAG Infotech Pvt Ltd Founded: 1999 India saginfotech.com/GenBal.aspx	Company Information ThinkOut Romania thinkout.io
Alternatives Tally Book Tallybook.org	Alternatives Centime
REVREX	Agicap
Gen XBRL Software SAG Infotech	SlickAccount
CAIMS	GnuCash
StatementSheet View All	Fygr View All
Categories Accounting Supported	Categories Accounting Supported Cash Flow Forecasting Supported Financial Analytics Supported
	Accounting Features Accounts Payable Not Supported Accounts Receivable Not Supported Bank Reconciliation Not Supported Billing & Invoicing Not Supported Cash Management Supported CPA Firms Not Supported Cryptocurrency Support Not Supported Expense Tracking Supported Fixed Asset Management Not Supported Fund Accounting Not Supported General Ledger Not Supported Government Not Supported Multi-Currency Supported Nonprofits Supported Payroll Management Not Supported Project Accounting Not Supported Purchase Orders Supported Tax Management Not Supported
Integrations No info available.	Integrations No info available.
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