All About OkCredit application: Benefits and Uses

A detailed blog explaining how to use OkCredit

India is becoming a digital nation, and so are its people. With technology and mobile phones, many people and businesses have switched to digital platforms for various purposes. Many applications are being made to deal with our everyday necessities, like food, fitness, health, education or business, etc. There are even apps to make payments and plan our finances, surprising, isn't it? Even businesses have started investing and using such apps to manage and operate their work.

So, is there an app that manages the finances for the small businesses and their customers as well? The answer is yes. The digital ledger OkCredit application is designed for businesses that need to manage and track their transactions and payments from customers. So, if you want to know what the OkCredit app is or how to use the OkCredit app, continue reading.

1. What is OkCredit App

OkCredit is a startup co-founded by Harsh Pokharna, Aditya Prasad, and Gaurav Kunwar.

Many of you might have a question about what the OkCredit app is. This app is the digital version of the Bahi-Khata, which means the book of accounts, traditionally used to maintain financial transactions, accounts of one's business.

The following pointers will help you understand more about the OkCredit application:

-It is an online ledger book application for business owners and their customers to record payment or credit transactions digitally.
OkCredit application is secured and a less complicated means to administer the credit and debit records of the businesses, which requires daily accounts tracking
OkCredit application eliminates the need for manual accounting on papers; all the transactions and payments are digitally maintained
OkCredit app eases the work for business owners who have difficulty keeping track of their transactions with customers

2. How to use OkCredit app:

The OkCredit app is available on the Google play store. It can be easily downloaded and installed on any android phone. A desktop version is also available for viewing on laptops or desktops, etc. Once installed on your mobile phone, you can open the app and get started, following these simple steps:

When you open the app, it will ask for your mobile number to sign in, which is verified by the OTP sent to your mobile
After signing in, you will see two options for customer and supplier. Select the option suitable for you. For example, if you are adding a customer, select the customer option. It will show your contact list to choose from.
After adding the required customer or supplier, it will show two options given and received. If the customer has a credited amount, you can add it in the received option; if they have a debited amount, you can add in the given option.
When you need to add a supplier, select the supplier option and add their details. Below it will show options for credit and payment.
You can send reminders to your customers or suppliers on Whatsapp.
If you have to make a credit transaction for your supplier or customer, then you can select the credit option and make payment online through your UPI ID or bank account.

3. Features of the OkCredit app:

This app is slowly becoming popular among small and medium-sized enterprises. It is estimated that it has more than twenty million downloads and around five million active users. Read the following to know more about the features of the OkCredit app:

It has multi-language support, making it easy for the user to communicate with the customer or supplier. All you have to do is go to settings options and select the language of your choice.
OkCredit app has provision for local and online backup of your data. Thus, it is ensured that it is 100% safe to use and reduces the chances of losing your data.
The app provides you with access to your statements and records on any device and at any time!
Has your customer forgotten to pay their dues? No worries, you can send them timely reminders through the OkCredit app on Whatsapp or free SMS.

If you face any issues while using the app or have any queries about the app, customer support takes up the query and resolves it.

Bottomline

We hope that the information about what is OkCredit and how to make the best use of this app is helpful to you all. The OkCredit application is gaining more popularity among business owners and is expected to grow more. So, what are you waiting for? Find the one-stop solution to all your bookkeeping needs with this app and convert your small business into a smart business today.

Also read:

1) OkShop- India's Online Digital Dukan!
2) OkStaff: Your one-stop solution for Staff & Attendance management
3) OkCredit: Simple, Paperless & Secure solution for businesses
4) Using OkCredit App for Your Kirana Business

FAQs

Q. What is an OkCredit app?

Ans. OkCredit application is India's first digital bahi khata app, which is absolutely free of cost. It is useful for business owners struggling to maintain the records of transactions with their customers. This app eliminates the need to keep records on papers and makes data accessible on the go.

Q. Why should one use OkCredit apps?

Ans. The following are the reasons for business and others to use the OkCredit application:

The burden of maintaining and accounting for the paper account books is reduced by using this app.
There is a provision for payments in the app. You can set up the UPI in the app itself so that the customers can use it to pay you. One can also send the payment directly to your bank account.
This app sends automatic reminders to your customers through Whatsapp or SMS to make the collection of payments easy.

Q. How can I use the OkCredit application?

Ans. By following the below-mentioned steps, you can easily use the OkCredit application:

You can add a customer manually or by selecting the contact number from your phonebook list
A customer that owes money to you can be added to the OkCredit app. First, select the customer from the phonebook list, select the credit option button and enter their details.
If the customer has to pay you money, first select the customer, press the accept payment button, and then enter the details.
The transaction details will be shared with your customer via an automatic SMS.

Q. Do my customers also need to download the OkCredit app?

Ans. No, your customers need not download the OkCredit app. The details of the customer when they perform a credit or payment transaction are recorded in the app. So, the next time they make a credit or payment transaction, the transaction details are sent to the customer via a free SMS.

Q. Can the OkCredit app be shared?

Ans. The OkCredit app can be shared on Whatsapp, telegram, or email. To share the link for the app, follow the steps given below:

In the app, press the three lines on the top left corner and open the share page.
Select the option through which you want to share (Whatsapp, telegram, email).
The Whatsapp, telegram, email page will open from there, and you can share it with your friends and family.