For many South African entrepreneurs, keeping the books in order can quickly become a chore amidst managing day-to-day operations. MiBooks offers a digital accounting solution built for simplicity, making it easier to track invoices, expenses, and payments on both web and mobile. But with several plans to choose from, how do you decide which one suits your current business stage?
Whether you’re running a side hustle from your kitchen table or managing multiple companies with a team of staff, MiBooks has plans tailored to fit your needs. Understanding what each plan offers and how it aligns with your business realities will help you avoid paying for features you don’t need or missing out on tools that save time and stress.
Let’s walk through the MiBooks pricing plans South Africa offers and see which one aligns best with your business—from freelancer to established enterprise.
Freelancer/Essentials: Keeping it Simple for Side Hustlers
The Freelancer or Essentials plan is perfect if you’re a one-person operation juggling clients, petrol slips, and WhatsApp chats to keep track of your earnings. This plan lets you quickly create and send invoices and quotes on the go using the MiBooks mobile app, capture expenses like buying airtime or petrol for deliveries, and get a snapshot of your cash flow with easy-to-understand dashboards.
For many freelancers and small side businesses in South Africa, this plan covers the basics without overwhelming you with features meant for larger operations. It’s also great if you want to stay compliant with SARS and keep an eye on VAT registration thresholds, especially if your taxable supplies approach the compulsory R2.3 million mark or you’re considering voluntary registration after crossing R120,000 in sales.
Business Plan: The Right Fit for Growth
Once your side hustle starts turning into a full-time business, or if you’re running a sole business with a handful of clients and suppliers, the Business plan offers more robust bookkeeping support. This includes supplier bill management, payment tracking, and detailed reports that help you keep the SARS and CIPC requirements in check without the month-end panic.
Whether you’re a salon owner managing appointments and supplier accounts, or a contractor submitting quotes and tracking payments, this plan gives you the tools to keep your financial records tidy. BizFoundry’s digital-first approach means you can still reach out via WhatsApp if you hit snags—no endless phone queues or complicated portals.
Enterprise Plan: Managing Multiple Businesses and Teams
If your business operation has grown to include several entities or you work with a team or accountant who needs access to your books, the Enterprise plan is built for that complexity. It lets you manage multiple businesses under one roof, assign roles, and share reports securely with your accountant or financial advisor.
This plan suits business owners who have expanded beyond a single venture or who want to streamline bookkeeping for several interconnected businesses—think of a group running a market stall, a fleet of bakkies, and a consulting company all at once. The Enterprise plan keeps your compliance and admin hassle to a minimum, letting you focus on growth.
How to Decide Which MiBooks Plan Works for You
Start by looking at your current business size and complexity. If you’re invoicing a handful of clients and tracking expenses from your phone, the Freelancer plan might be enough. But if you’re handling supplier bills, need reports for SARS VAT registration or CIPC annual returns, or want to collaborate with an accountant, consider the Business or Enterprise plans.
Keep in mind that your needs can change quickly. BizFoundry’s MiBooks plans let you upgrade as your business grows without losing data or disrupting your work. If in doubt, reach out to BizFoundry’s WhatsApp-friendly team for practical advice tailored to your unique situation.
At a Glance: Comparing MiBooks Plans for South African SMEs
| Feature | Freelancer/Essentials | Business | Enterprise |
|---|---|---|---|
| Invoicing and Quotes | Yes (mobile and web) | Yes (mobile and web) | Yes (mobile and web) |
| Expense Capture | Yes, easy on mobile | Yes, with supplier bills | Yes, with advanced tracking |
| Payment Tracking | Basic | Full tracking | Full tracking with team access |
| Reports & Dashboards | Simple overview | Detailed reports | Custom reports & multi-business |
| Multiple Businesses | No | No | Yes |
| Team Collaboration | No | Limited | Yes, with roles |
| Accountant Access | No | Yes | Yes, with secure sharing |
Frequently Asked Questions
Can I start with the Freelancer plan and switch to Business later?
Yes, MiBooks allows you to upgrade your plan as your business grows, so you won’t lose any information when switching.
Do I need the Business or Enterprise plan if I’m VAT registered with SARS?
While Freelancer may cover basic invoicing, having the Business plan can help manage supplier bills and detailed reports needed for VAT submissions. Check your requirements with BizFoundry or your adviser.
Is it easy to share my MiBooks data with my accountant?
The Business and Enterprise plans offer features that make collaborating with your accountant straightforward and secure.