Table of Contents
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.
Key Takeaways:
- Zoho Books is a comprehensive cloud-based accounting software designed for businesses and freelancers to manage financial tasks effortlessly.
- Key features include invoice creation, bank reconciliation, expense tracking, VAT/GST compliance, inventory management, and detailed reporting.
- It offers remote access, multiple integrations with Zoho apps, and supports secure, automated online payments.
- Pricing plans cater to different business sizes, from startups to established enterprises, with scalable user limits.
- Mastering Zoho Books can significantly boost your accounting career, especially when supplemented with practical, accredited courses.
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What is Zoho Books?
Zoho Books is an 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
1: Accounting provides information on
- 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
Tip: Zoho Books’ customer portal enhances communication by allowing your customers to view invoices and make payments promptly.
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Join Now!Advantages of 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.
Meaning: Automated bank reconciliation saves you hours of manual work matching payments and statements.
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Limitations of Zoho Books
- 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.
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Lacks more advanced regional or quarterly tax calculation features in some plans.
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Advanced inventory features only available with higher-tier pricing plans.
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Steeper learning curve for beginners on advanced functionalities like integrations.
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.
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Join Now!Who Can Benefit From Zoho Books?
Zoho Books is a versatile accounting software solution tailored to meet the needs of a wide range of users across different industries and business sizes. Understanding who can benefit the most helps you decide if Zoho Books is the right fit for your accounting and financial management needs.
1. Small to Medium Enterprises (SMEs)
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SMEs looking for a cost-effective yet powerful accounting solution find Zoho Books highly suitable.
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It helps manage routine accounting functions such as invoicing, payments, GST compliance, and inventory without requiring complex infrastructure.
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Features like automated bank reconciliation and real-time financial reporting aid SMEs in making data-driven business decisions.
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As SMEs grow, Zoho Books’ scalable pricing plans and multi-user access accommodate increasing transaction volumes and staff.
2. Freelancers and Independent Consultants
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Freelancers benefit from Zoho Books’ simple invoicing, expense tracking, and time management features.
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The customer portal enables clearer communication with clients, facilitating quick approvals and faster payments.
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Zoho Books helps freelancers stay compliant by automating tax filings such as GST or VAT.
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Easy integration with payment gateways provides a smooth, professional payment collection process.
3. Startups and New Businesses
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Startups benefit from its affordable price points and cloud-based access, reducing the need for heavy upfront investments in IT.
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Zoho Books’ integration with other Zoho applications like CRM, Project Management, and Payroll makes it a comprehensive platform for managing early-stage business operations.
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Its mobile app and anytime-anywhere access are invaluable for busy entrepreneurs and remote teams.
4. Businesses Seeking Cloud Accounting
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Organizations transitioning from desktop-based accounting to cloud solutions find Zoho Books an ideal choice due to its secure, cloud-based infrastructure.
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Cloud access supports remote work models, allowing multiple users to work seamlessly from different locations.
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Cloud data synchronization ensures that financial data is always current and accessible for timely business decisions.
5. Companies with Compliance and Tax Needs
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Businesses that need to stay up to date with ever-evolving tax regulations like GST or VAT find Zoho Books’ automated tax calculation and return filing indispensable.
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Features such as e-invoicing with QR codes and integrated audit trail reports help maintain regulatory compliance smoothly.
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The software supports multiple tax jurisdictions, making it ideal for companies operating in diverse regions.
6. Retail and Inventory-Driven Businesses
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Retailers and wholesalers can leverage Zoho Books’ inventory management system to track stock levels, batch numbers, and expiry dates accurately.
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The capability to generate detailed inventory reports supports better demand forecasting and cost control.
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Integration with point-of-sale (POS) and payment processing allows for streamlined billing and stock updates.
7. Professional Accounting Firms and Bookkeepers
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Accounting professionals managing multiple client accounts benefit from Zoho Books’ multi-organization support and consolidated reporting.
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Its collaborative features allow accountants and clients to stay synchronized, improving transparency and efficiency.
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Automation reduces manual data entry, freeing accountants to focus on value-added advisory services.
8. Non-Profit Organizations
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Non-profits can use Zoho Books to effectively manage donations, grants, and expenses while generating accurate, audit-ready financial reports.
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The system supports fund accounting and has the flexibility to adapt to non-traditional accounting needs.
Tip: If your business fits into any of the above categories, Zoho Books’ flexibility, extensive features, and cloud accessibility ensure it can simplify operations, enhance accuracy, and support growth—making it a smart choice for managing your finances efficiently.
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. -
All plans come with a 30-day free trial. Annual subscriptions offer cost savings.
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Conclusion
The Practical Accounting course is designed to provide students with a comprehensive understanding of accounting principles and practices. The course covers everything from basic concepts to complex subjects and includes practical projects. Focusing on Zoho Books can help you develop valuable skills. The program also covers UAE Accounting & Finance, providing knowledge of banking, taxation, labor law, and corporate law.
Learning accounting can be a daunting task, but the rewards of mastering this skill can be invaluable. With Entri, you can learn accounting effectively and efficiently to maximize the benefits of mastering this skill. Entri offers comprehensive and engaging courses that make learning accounting easier than ever before. With Entri, you can become an expert in accounting and unlock many potential opportunities. We provide
- Recorded & Live Sessions
- Personal Mentorship
- Expert Training
- Course Certificate
- Guaranteed Internship
- Placement Assistance
- 100+ Hiring Partners
Accounting Courses |
UAE Accounting Course |
Taxation Course |
Tally Course |
Practical Accounting Course |
GST Course |
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Join Now!Frequently Asked Questions
How many customers does Zoho Books have?
Can Zoho Books be used for free?
Can you add your accountant to Zoho Books?
Can freelancers use Zoho Books?
Yes, it’s an excellent tool for freelancers managing invoices, payments, taxes, and time tracking efficiently.
Does Zoho Books support GST and VAT?
Absolutely, it automates GST/VAT calculations, return filing, and helps maintain compliance with tax authorities.
Is there a free plan for Zoho Books?
Absolutely, it automates GST/VAT calculations, return filing, and helps maintain compliance with tax authorities.
Is there a free plan for Zoho Books?
Absolutely, it automates GST/VAT calculations, return filing, and helps maintain compliance with tax authorities.
Is there a free plan for Zoho Books?
No free-tier, but Zoho Books offers a 30-day free trial for you to explore its full features.
Can Zoho Books be integrated with other Zoho apps?
Yes, seamless integration with Zoho Payroll, CRM, Inventory, and Projects provides a full business ecosystem.
What payment gateways does Zoho Books support?
It integrates with multiple payment gateways including PayPal, Stripe, and Razorpay for secure online payment processing.