Zoho Books Accounting Software

, which helps businesses handle recurring billing and manage subscriptions. There’s a 14-day free trial of the Professional plan available for all new users, to give them the option to try the product before subscribing. Zoho Books accounts are secured via secure sockets layer, or SSL, encryption and two-factor authentication. In addition, Zoho Books is compliant with the General Data Protection Regulation, and the company says it is taking steps to ensure that customers’ data is safe in all Zoho applications. I’ve not seen anything as affordable and easy to use as Zoho Books.

Another helpful feature that is not that typical for accounting systems is inventory management, which helps you stay in control of orders and stocks in real time. Creating and sending purchase orders takes almost no time, and inventory reports are generated automatically to ensure you will know exactly what there is in your stock. Zoho Books is a smart accounting system designed for growing businesses. It is also the holder of ourGreat User Experience for 2019. Generally, it can be described as an intuitive accounting solution designed for small businesses to handle their finances and to remain on top of their cash flow. It is very simple, easy-to-use, and able to help you make intelligent, data-based decisions.

You can still refer friends if you’re feeling like a good Samaritan or if you love the software that much. In the past few years, Zoho Books has made leaps and bounds, adding almost all of the features you’d see in bigger competitors, such as QuickBooks Online or Xero. And given the fact that other companies — including QuickBooks Online, Xero, and FreshBooks — have significantly increased their prices recently, I am happy to report that Zoho Books is as affordable as ever. Another standout feature that business owners will appreciate is Zoho’s client portal. It enhances the collaboration opportunities for you and your clients. You can send estimates, interact with clients and get paid via the portal. The three plans are all well within the price range for most microbusinesses.

You can schedule reports to be automatically generated weekly, monthly, quarterly, or annually and then emailed to you in the format of your choice . More than 40 standard reports are built into the software, zoho books review including a general ledger, profit and loss, sales by item, timesheet details, and aged receivables and payables. Zoho Books has several capabilities that help you complete your accounting tasks quickly.

Zoho Books integrates with several apps frequently used by freelancers and small business owners. The app’s integration with payment gateways like Stripe, PayPal, PayPal Payflow Pro, Braintree, Authorize.net, and 2Checkout.

There are a ton of resources geared towards the non-accountant. A Migration Guide is available if you’re moving to Zoho Books from another application, and a Quick Navigation Guide will help you feel comfortable in the application at record speed. In fact, Zoho Books probably offers the most comprehensive selection of resources for new users that I’ve ever seen. The time tracking function in Zoho Books lets you create a project and then access the timesheet feature to track all of the time spent on that project. You can enter time manually, or start the timer to track your time automatically. You can connect all of your bank accounts and credit cards directly to Zoho Books if you choose. In turn, all transactions will be automatically imported to the application, allowing easy categorization of both income and expense transactions.

Accounting Software Integrations & Add

Connect your bank account and automatically import your transactions to your accounting software. With role-based access, you can add your colleagues and your accountant to your organisation so they can log time, view reports, or manage your accounts. If you want to take a small workload off of your accounting team, give your clients the power to access their own client portals with Zoho Books. With a client portal your customers can access a portal that gives them a full drill down of their past transactions with you. All of the pricing levels are easily affordable for even the tightest budget.

For a quick and real-time view of the health of your business, a glance at the dashboard would suffice. Run detailed reports in seconds and get in-depth insights to scale your business manifold. Thanks to the fact that Zoho Books is integrated with Zoho CRM, you can also use it to follow the credit statuses of your customers, create new orders, access product pricing information, and much more. Thanks to Zoho Books, you can create personalized messages for customers to pay on time, and schedule their frequency in a way you believe would be suitable. I own a startup and my accounts team is stuck with an age old app – Tally. The old bookkeepers can’t keep up with the pace of operation in the current dynamic marketplace. They were hampering operational efficiency with their irrelevant documentation.

• Another standout feature that business owners will appreciate is Zoho’s client portal.
• Mail sent to international customers costs two credits and takes days to arrive.
• With three plans and restrictions based on the number of clients, FreshBooks is actually very similar to Zoho Books.
• At a glance, you can see whether all billable hours have been billed; where you stand with your budget; and your profitability.
• Document management and auto-scan features allow users to upload and store documents such as bills or receipts, which can be scanned and attached to invoices.

You can use it to create invoices and projects, track expenses, and reconcile your accounts. As an online application, Zoho Books is accessible from any browser. It has automated features that can save you time, such as recurring invoices and automatic payment reminders, and client portals, which make it easy to follow up with your customers on quotes and payments. It’s also scalable, so you can continue using it as your business grows or online bookkeeping even if you start a second business. Zoho Books is our choice as the best accounting software for microbusinesses, thanks to its solid array of features at an affordable price. From accounts payable to inventory management, Zoho Books has nearly every feature very small businesses need to run their operations. A sole proprietor could use it without having advanced features get in the way, given its low cost and friendly user experience.

This software helps me in sending clients’ invoices online along with accepting payment in return. It will also help in managing the inventory in the better way. It helps you in connecting with the bank which further helps in reconciling the statement. Zoho Books is excellent, user-friendly accounting software that’s perfect for small and growing businesses. In fact, Zoho Books can grow with your company—it’s tiered versions and add-on options allow you to upgrade and accommodate your business’s expansion and growth. Zoho Books is an intuitive accounting software designed for small businesses to manage their finances and to stay on top of their cash flow.

Women In Business

Many books are available on it and you can read all of them without any cost. It is too cool to use it and it is a great pleasure to use and become a member of this app.

With that information at hand you should be equipped to make an informed buying decision that you won’t regret. For any of your projects, you can log in and enter the time you spent completing it, so that Zoho Books would record the expenses incurred for it, and invoice clients about it.

Features

In addition, Zoho Books provides a vast number of important financial reports such as profits and losses, cash flow statements, tax statements, and more. Zoho Books allows you to invite multiple users and share real time information. You can invite colleagues and assign them specific role based access to specific modules. This way you and your team can be in sync with the same up to date information to increase accuracy and productivity. View reports showing you stock levels and keep an eye on your inventory in real­time. When entering and saving a new item, you can enable tracking of inventory on that particular product so that you can have full visibility of what you have on hand.

Once you get used to the nuances, Zoho Books accounting software is a joy to use. The company provides excellent customer service and support resources to help you understand the software. What’s more, Zoho Books has resolved almost all of the issues I’ve noted in previous reviews.

We were told that they were capable of so much more than what they seem to be able to deliver on. There’s no real good workflow capabilities and no real way to automate processes that the user imports over and over again. If you’re just starting out and don’t have many sales or a big budget, this is great accounting software for the value. Zoho One is a business suite that packages multiple Zoho apps into one accessible CRM platform. In other words, if you’re running a small freelancing business from home with just a few sales a month, Zoho Invoice’s free plan might be enough. Otherwise, Zoho Books’s accounting features make it a better pick. Like Zoho Books , FreshBooks prices its plans by the number of customers your company bills each month.

Therefore, if you’d like to be able to directly integrate your payroll or pay taxes within your accounting software, you may consider another platform that will allow you to do so. Finally, not only is the Zoho Books accounting software platform affordable and full of noteworthy features, but it’s also easy to use.

“No payroll functionality which seems a flaw, filtering records is difficult, custom sorting as well.” “Difficulty with input, bland kindergarten UI visual appeal, deceptive organization and cleanliness, disjointed universal connection with other software units.” Odoo open source software exists to help everyone, from people who just need a blog to big companies that need a full ERP. The software is flexible and can be adapted to SMEs or large corporations. We are an excellent fit for any size business currently on or thinking about using the Salesforce CRM. We also function as a stand-alone product. This newsletter may contain advertising, deals, or affiliate links. Subscribing to a newsletter indicates your consent to our Terms of Use and Privacy Policy.

Bookkeeper price starts at $10 per user/month , when comparing Bookkeeper to their competitors, the software is rated 2 – much lower than the average Core Accounting software cost. Zoho Books price starts at $9 per month , on a scale between 1 to 10 Zoho Books is rated 2, which is much lower than the average cost of Core Accounting software. The real total cost of ownership of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware , maintenance & support and other related services. When calculating the TCO it’s important to add all of these “hidden cost” as well. We prepared a TCO calculator for Zoho Books and Bookkeeper. ‘ User Satisfaction Rating of 88% when considering 546 user reviews from 4 recognized software review sites. Users may dial for phone support at any time Monday through Friday.

Record and monitor bank and credit card transactions like deposits, fund transfers, checks, expenses, credits, and refunds. Easily reconcile them with bank and credit card statements. Zoho Invoice is an invoice- and billing-specific Zoho product. With it, you can send customized and recurring invoices, accept online payments, and track the time you spend on each project for more accurate customer billing.

If you have five customers per month, you can use Zoho Invoice for free. But the increased customer list and inventory management are about the only difference you’ll see between the Standard and Professional plans. And while Zoho Books’ inventory management plan is fine, businesses that manage thousands of dollars worth of inventory each month will likely need a more robust inventory management system than Zoho can provide. If you want to spend as little time as possible keeping your books, Zoho’s accounting features make it a great fit—as long as you don’t have many employees. Other popular accounting software providers either offer their own payroll product or sync with payroll providers like Gusto . I have been using Zoho Books for several months and I’m extremely happy with the online software.

Every welcoming & friendly customer service, probably best in class. It is very nice I just love it the most special thing is that it is value for money and easy to use.

Accounting On The Go

Zoho Books streamlines business processes and you can create custom workflows to automate these processes. You can invite your customers to the client portal, so they can make online payments and view all transactions as well. Zoho Books is a wonderful account software that is perfect for small business owners who want an easy but competent means to perform their bookkeeping. It is one of my favorite companies and my favorite platforms. While there might be some complaints about Zoho Books on social review sites, you have to take this with a pinch of salt.

It has taking me three months to find the right software that works for my company and my clients. It has integrations beyond the big competitors and has a customer portal for viewing and paying invoices. Zoho Books stands out as a good option for microbusinesses beyond its affordability, thanks to its ability to automate lots of accounting tasks. That frees you up to focus on what you do best – running your business. Estimates and sales orders can quickly be converted into a retainer or recurring invoices. You can schedule when your customers are billed and send payment reminders. The Standard plan costs $19 per month ($190 per year if you pay annually) and supports three users – you, your accountant and another user.

It is also the pioneer accounting product of a reputed software provider, which eliminates all worries related to normal balance uptime, support, or security. No credit card or banking information is required, and you can cancel at any time.

Author: Ken Berry