Refrens is an AI-powered accounting and finance platform that connects invoicing, bookkeeping, receivables, purchases, expenses, GST compliance, payments, inventory accounting, bank reconciliation, and financial reporting in one system.
Create GST and non-GST invoices, quotations, estimates, proforma invoices, credit notes, debit notes, sales orders, delivery notes, purchase orders, e-invoices, e-way bills, and payment receipts. Customize document templates, branding, fields, columns, and formulas; share documents through email, WhatsApp, PDF, or secure links; track payments; and automate recurring invoices, payment reminders, and quotation follow-ups.
Automate bill capture with Refrens Eagle
Refrens Eagle reduces the manual work involved in recording vendor bills and expenses. Forward purchase invoices, bills, and expense receipts received through WhatsApp or email, and Refrens AI scans the documents, extracts transaction details, and prepares Purchase or Expense entries for review.
Teams can verify and save transactions without repeatedly downloading, organizing, and uploading documents into the accounting system.
Manage double-entry accounting
Refrens supports double-entry accounting with automated ledgers, vouchers, journals, chart of accounts, opening balances, audit trails, and connected bookkeeping.
Transactions created through invoices, purchases, expenses, payments, credit notes, debit notes, and other accounting documents automatically flow into the relevant books, helping reduce duplicate data entry and keep records consistent.
Reconcile bank transactions
Upload bank statements and reconcile transactions against entries already recorded in Refrens. Automatically identify possible matches, review suggested matches, detect duplicates, and create missing accounting entries directly during reconciliation.
This helps finance teams keep the Bank Book and accounting records aligned without maintaining separate reconciliation spreadsheets.
Manage receivables and payables
Track unpaid and overdue invoices, customer balances, vendor balances, due dates, receipts, payments, advances, and ageing.
Record full or partial payments, manage Credit Notes, record customer refunds against Credit Notes, generate Refund Receipts, reverse incorrect refunds, and keep refund transactions synchronized with the Books of Accounts.
Record expenses and control approvals
Record purchases, business expenses, employee reimbursements, petty cash, recurring expenses, and other costs.
Configure multi-stage approval workflows with roles, permissions, reminders, escalation rules, super-approvers, and complete activity history so transactions can be reviewed before being finalized.
Manage GST compliance
Handle GST-related workflows including GSTR-1, QRMP and IFF views, GSTR-2B reconciliation, GSTR-3B summaries, e-invoicing, e-way bills, GST verification, and GST reports.
Refrens Trust Score helps review customer and vendor GST filing history, GSTIN status, registration information, and compliance behaviour before extending credit or deciding payment terms.
Get accounting insights with AI
Freya, Refrens’ AI accounting assistant, helps users get answers and insights from their financial data without manually navigating multiple reports.
Refrens MCP also allows teams to work with accounting data through ChatGPT or Claude. Users can create invoices, record payments and expenses, check overdue receivables, review financial information, and perform supported accounting tasks using conversational instructions.
Track inventory with accounting
Track stock across warehouses with automatic updates from purchases and sales. Manage batches, serial numbers, expiry dates, stock transfers, package items, barcode scanning, valuation, ageing, and stock movement.
Credit Notes and Debit Notes can update inventory where applicable, helping keep stock quantities and financial records aligned.
Generate financial reports
Generate Trial Balance, Balance Sheet, Profit and Loss, Cash Flow, Daybook, ledger reports, receivables and payables ageing, outstanding reports, GST reports, TDS reports, payment reports, inventory valuation, and profitability reports.
Refrens also supports customizable Roles and Permissions, custom accounting email templates, bulk uploads, custom formulas, APIs, audit trails, Global Search, and web and mobile access.
Businesses can explore selected capabilities through limited Basic access. Accounts Lite starts at $130 per year and includes invoicing, document customization, recurring billing, payment reminders, multi-currency support, reports, contact management, bulk uploads, and higher AI OCR limits. The full Accounts plan starts at $250 per year and adds double-entry accounting, automated bookkeeping, bank reconciliation, financial statements, advanced reports, roles, permissions, and bulk OCR.
Pricing may vary by billing period, taxes, usage, optional add-ons, and additional users.
Average Rating: 4.7/5.0
Total Reviews: 156
How Do G2 Users Rate Refrens Accounting?
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Has the product been a good partner in doing business?: 9.1/10 (Category avg: 8.6/10)
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Output Document Generation: 9.9/10 (Category avg: 8.3/10)
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Workflow Capability: 9.3/10 (Category avg: 8.1/10)
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Performance and Reliability: 9.8/10 (Category avg: 8.4/10)
Who Is the Company Behind Refrens Accounting?
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Seller: Naman Sarawagi
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Year Founded: 2018
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HQ Location: Bengaluru, IN
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Twitter: @RefrensApp
1,619 Twitter followers
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LinkedIn® Page: www.linkedin.com
109 employees on LinkedIn®
Who Uses This Product?
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Who Uses This: Founder, CEO
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Top Industries: Information Technology and Services, Marketing and Advertising
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Company Size: 94% Small, 2% Medium
What Do G2 Reviewers Say About Refrens Accounting?
AI-generated summary from verified user reviews
Pros
- Users find Refrens Accounting easy to use, facilitating quick invoicing and client management without technical expertise.
- Users find the seamless invoicing and GST features of Refrens Accounting enhance efficiency and save valuable time.
- Users appreciate the simplicity and efficiency of Refrens Accounting for invoicing and financial management.
- Users value the simple and efficient invoicing features of Refrens Accounting, enhancing their record-keeping experience.
- Users value the outstanding customer support provided by Refrens Accounting, making their experience seamless and efficient.
Cons
- Users find the missing features in Refrens Accounting limiting, especially in the free plan and mobile app experience.
- Users find that customization options are limited, affecting the overall flexibility and advanced functionality of Refrens Accounting.
- Users find the pricing to be high, especially for very small businesses compared to other software options.
- Users find the difficult customization options in Refrens Accounting limit branding and document flexibility significantly.
- Users find inadequate reporting options in Refrens Accounting, which limits advanced insights and customization for growing businesses.
