Zoho Books Accounting Software – Everything you need to Know

Zoho Books is a comprehensive platform to manage your accounting tasks and organize your transactions. It’s a single, secure place to track business invoices, reconcile bank statements, control costs, monitor projects and eliminate VAT compliance worries. Every business and even freelancers need to track their financial data, such as revenue, purchases, and taxes. Of course, they can choose to do it the old way.

However, if they have accounting software, it will be much easier and faster to organize financial transactions and see how the business is doing.

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What is Zoho Books?

Zoho Books is online accounting software. You can access Zoho Books from any device, anywhere, anytime. It contains everything a business needs to manage its corporate accounting. With Zoho Books, businesses can process invoices, collect payments, manage expenses and inventory, and benefit from bank reconciliations and in-depth reporting.

Overview of Zoho Books features

• Create beautiful invoices in seconds
• Manage business contacts
• Create and manage quotes, orders, and credit notes, expenses, invoices, credit providers and more
• Track your sales tax obligations
• Connect your bank accounts and reconcile transactions
• Pay your suppliers directly 50+ detailed reports that can be customized and exported
• Customer portal for your customers
• Save all your data with just one click 40+ integrations, such as Zoho Books Payroll, Inventory, CRM and Projects

Advantages with Zoho Books

• Easy payments and invoicing – Zoho Books solves all these problems quickly and efficiently with various features.
• Online Payments – Collecting payments from customers can be difficult without an advanced payment system. With Zoho Books, you can integrate your accounting system with various payment gateways to ensure fast and secure payment procedures.
• VAT Compliance – Zoho Books is designed to meet the latest tax regulations to help you stay compliant with local tax guidelines. You will be able to accurately calculate tax amounts, create tax summary reports, and prepare for the next tax period.
• Expense Tracking – Zoho Books helps you track your expenses to control your cash flow. You can download your expense receipts, scan them and save the details.
• Bank Reconciliation -Zoho Books lets you synchronize bank accounts and automatically retrieve bank feed statements. With this software, your business will be audit-ready throughout the year.
• Inventory Management – ​​​Zoho Books provides you with the best inventory management system where you have the ability to record item information, track your items or accounts and also create reports fox. You will also have the ability to receive specific inventory reports to manage your inventory more effectively.

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Pros and Cons Of Zoho Books

Pros

• Zoho Books offers entry-level software that can grow with your business.
• Intuitive and easy to use, the platform includes a simple dashboard and a flexible, multi-functional customer portal.
• Zoho Books offers an affordable plan with options designed for micro businesses.

Cons

• There is a limit to your monthly bills, which can become a problem for growing businesses.
• Zoho Books does not have a quarterly tax calculator and other important business tax calculations. Its main tax focus is sales tax.

Benefits of Zoho Books

In this Zoho Books review, we also want to highlight the benefits of this software:

• If you are starting a new business, you can want to use Zoho Books because you can grow your business or do business with it and add more applications.
• In Zoho, accounting is tightly integrated with CRM, email, HR management, and spreadsheets, making it very convenient for accountants and other finance-related staff.
• Zoho Project Management System can do everything a project management system can do.
• It can also record time and create timesheets, which can be used to create invoices in Zoho Books.
• Users can add tasks, log hours, upload documents, and communicate with customers.
  Adding customers to a project is free and allows users to ensure project transparency.

What Problems Can Zoho Books Solve?

It’s a great option for freelancers who are dealing with all the accounting work. Zoho Books can help them manage invoices, accounts receivable, taxes, time tracking, and more. This software is designed to help freelancers automate and keep everything in order while also keeping everything under control.

Getting started with Zoho Books is simple, whether you’re starting from scratch or transferring data from another software, as it comes with a very helpful and complete Zoho Book user guide, which you can find.
found on the software’s help page.

It includes videos on everything there is to know about Zoho Books and is easy to navigate. If users encounter any issues logging into Zoho Books or other issues, they can also call or email the support team. Keeping track of your situation becomes more difficult if you don’t always have access to financial information.

Using Zoho accounting software allows businesses to track balance sheets and comprehensive cash flow reports at any time with just a Zoho Books login and a device with internet access.

Zoho Books Pricing Overview

Zoho Books is the first Zoho product without a free version, only a 30-day free trial of Zoho Books. This is not surprising because in most cases in small businesses there is usually only one accountant, and creating a free version for one user means working at a loss.

Zoho Books Pricing Plans:

• Basic (€9 per month or €90 per year): Includes up to 50 contacts and two users. Features include invoices, estimates, time and expense tracking, customer portal, credit notes, sales approvals, multi-currency and multi-language reporting, financial reporting, accounting and banking. You can automate recurring bills and expenses as well as payment reminders. All but one of the major integrations are also included.
• Standard (€19 per month or €190 per year): Users can now have up to 500 contacts and three users. Additional features include invoicing, budgeting, supplier credit, purchase approvals, and report cards.
• Professional (€29 per month or €290 per year): Includes up to 500 contacts and ten users.
  Customers also benefit from a personalized domain and several features beyond those found in other plans.

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