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The distinctive advantage of Zoho Books is how it eliminates data entry, and allows you to import all bank and credit card transactions, and categorize those according to your bank’s rules. This possibility doesn’t only save time, but makes sure you’re working safely, and in line with all compliance standards. For that you get up to 50 contacts , 2 users and 5 automated workflows. Some businesses prefer having vertical-specific accounting platforms to take care of their unique needs, Zoho says. For such cases, Zoho Books offers platform capabilities such as workflow automation and advanced customization functionalities. 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.

Customer service is available 24 hours a day, Monday through Friday. I found it to be effortless to use as it has one of the best interfaces around.

Spend Management

Also, a product item is required for any inventory item you wish to track. Read our guide to the best small business accounting software and check out our top picks.

Zoho Books also offers excellent customer management, so you can track a lot of details about your customers. You’ll also be able to create credit notes for returned products or cancelled orders and issue a refund or add the credit to the customer account. A mobile app for iOS and Android smartphones is available as well. Unlike Zoho Books, Wave Accounting does not have any paid tiers and lacks a client portal. Zoho Books also offers a better range of integrations, along with a wider range of features, including multilingual invoicing, multi-currency handling, custom reports, mileage tracking, and workflow rules. Zoho Books includes a time tracking and project management feature.

Zoho Books is an online accounting software that allows you to easily manage the money flowing in and out of your business. Manage your customers and invoices, while keeping expenses in check.

Zoho Books Accounting: Is It Right For You?

These two come integrated and keeps payroll and accounting in sync. All payroll expenses and tax liabilities will be recorded in their respective Expense and Liability accounts. This will then reflect in the Profit and Loss report of the company so that the financial statements are accurate. Zoho Books includes good inventory management capability, though you can also use it if you sell services instead of products. Items can be tracked in different units of measurement, and you can add both the selling price and the cost price to any item entered into inventory. However, you’ll need to remember that once you create a transaction for a product, you cannot turn the inventory tracking feature off.

He has been involved in a few internet startups including a digital route planner for a triple A affiliate. Bearing in mind businesses have specific business-related wants, it is only sensible they avoid seeking an all-in-one, “perfect” business application.

Zoho Books starts at $15 a month for three users if you pay annually. If you’d rather pay month to month, Zoho starts at $20 a month instead. You’ll find nine other alternatives on our list of the year’s best bookkeeping software for small businesses. Mark Calatrava has been working for Fit Small Business as a review writer specializing in accounting software since 2019.

Mobile Applications

In fact, its existing infrastructure, combined with myriad new features and enhancements it has added since our last review position it in a kind of transitional phase. We still consider it a solid choice for small businesses, but its appeal is beginning to expand upmarket, too. It may eventually compete with solutions such as NetSuite and Sage Intacct.

A setup guide suggests actions you should take, along with educational videos and links to the appropriate pages. These include connecting zoho accounting reviews with payment gateways, configuring user roles and permissions, modifying the Chart of Accounts, and adding custom fields.

Zoho Books Pros And Cons

In other words, the free plan is perfect for freelancers, solopreneurs, and other sole proprietors who don’t rely on anyone else to crunch the numbers. Zoho Books also has an excellent client portal where you can convert estimates and quotes to invoices, collect payments, and collaborate with your clients. We spent the better part of two days examining Zoho Books’ plans, pricing, customer service reputation, features, usability, and integrations to bring you a thorough review. Tim Yoder is a subject matter expert at Fit Small Business focusing on small business bookkeeping, accounting, and tax content. Tim is a Certified QuickBooks Time Pro, QuickBooks ProAdvisor for both the Online and Desktop products, as well as a CPA with 25 years of experience. He most recently spent two years as the accountant at a commercial roofing company utilizing QuickBooks Desktop to compile financials, job cost, and run payroll. Zoho Books boasts its unbeatable mobile application which contains all essential features that businesses need, at least when they are on the road.

• Zoho Books is a fine pay-as-you-go cloud-based accounting option that provides you with many if not all of the tools you’ll need to keep your business accounts in good shape.
• Zoho Books advisors are Zoho Books-certified accountants, bookkeepers, and tax professionals who completely understand the program.
• For U.S. customers, you’ll need one credit per paper invoice or estimate and for international customers, you’ll need two credits.
• Some businesses prefer having vertical-specific accounting platforms to take care of their unique needs, Zoho says.
• One of the best features of Zoho Books is its integration with other Zoho services like Google Drive or QuickBooks Payroll, which allows for easy access to your day-to-day operation data.
• You can get 20 subscriptions for free, then scale your payment plan for more customers, more users, and increased workflows.

This software helps you create a custom workflow to suit your specific needs. Zoho Books helps small businesses by making it easier to manage their finances. Effectively, if you have a 3rd party accounting system you may want to use Zoho Invoice for sending out invoices and getting paid. If you plan to use Zoho Books as your main accounting platform then you don’t need to use Zoho Invoice as Zoho Books has everything Zoho Invoice has.

Most Popular Apps In Business

Like many accounting software platforms, Zoho Books offers three pricing plans. If you choose to pay annually rather than monthly, you receive a discounted rate. Zoho Books is a smart accounting system designed for growing businesses.

If you opt for the Standard Plan on a month-by-month basis, the Zoho Books pricing will be $20 per month. One of the most notable benefits of this baseline version of Zoho Books is its extremely affordable pricing. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. This comment refers to an earlier version of this review and may be outdated. Zoho Books is cloud-based, so no downloads or installation is required.

While it trails behind QuickBooks and Xero in the sales and tax category, it is slightly ahead in terms of inventory and has a close fight against QuickBooks in the general features section. Zoho Books’ biggest weakness, just like QuickBooks Online, is fixed asset management. Read our features section for an in-depth analysis of how Zoho Books performed in each category. Zoho Books is a great accounting solution for small businesses that need basic bookkeeping, strong invoicing, good mobile apps, and great customer support.

We map costs for customers from Zoho Projects to Zoho Books and track it in Zoho CRM. Add the items and services you offer to your inventory, and the details will be auto-populated when you create a transaction. Make business decisions based on accurate real-time data with insightful financial reports. Schedule reports, have them emailed to you, and share your progress with your team. All plans limit users — additional users can be added at an additional cost. Clients and vendors can self-manage their transactions with the business through convenient client and vendor portals. Zoho Books also has a “Find Accountants” button in the dashboard with a list of authorized Zoho Finance partners.

• The time tracking functionality module of Zoho Books lets you track and bill time as well as manage projects.
• Though we definitely think both companies have a lot to offer, we’d have to go with Xero as the winner of this comparison.
• During the initial setup, you’ll enter details about your business, including industry and business type.
• These can be enabled either on or off depending on what suits your needs.
• Stripe, nevertheless, is not the only integration to count on when it comes to Zoho Books.
• Since a large portion of their business comes from customers switching from QuickBooks, Xero offers a conversion tool that helps you move all of your data easily from one platform to the other.

I like how they have intertwined the intricacies of different applications like their Inventory app for example. Their Payroll application is quite good but am not sure about their integration. Inventory tracking tools are available on the Professional plan. The software shows you the available quantity when you enter the item on an invoice. If you enter a higher number than you have on hand, the number turns red.

Accounting Software

This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

That being said if you’re looking for the basics, they’re a great place to start. Don’t worry about getting stuck; you can easily contact support via telephone or email during regular business hours. Be sure to take a few minutes to watch the video overview or access the setup webinar to learn how Zoho Books works. You can also click on any of the icons below the video screen to learn more about specific features. You or your accountant can set up your chart of accounts, add sub-accounts, and access features such as manual and recurring journal entries in Zoho Books’ Accountant feature. If you’re comfortable handling accounting transactions, go for it; otherwise, this is the area most likely accessed by your accountant or CPA. You can connect all of your bank accounts and credit cards directly to Zoho Books if you choose.

With the inventory feature, retail businesses can keep track of their stock and make smart purchase decisions. Users can manage customers and invoice them either online or by mail, automate recurring invoices, set up payment reminders and payment thank-you notes, and get paid faster with online payment gateways.

4.7 Affordable, easy, yet powerful accounting for small business owners and their accountants. Additionally, if you need more than two users on your account but don’t want to opt for the Professional Plan, you can purchase an add-on user, for $2.50 per user per month. Although the Standard Plan is the second-tier version of the Zoho Books accounting software, this plan is still very affordable. Compare leading accounting software to find the option that’s right for your business. I used Quickbooks-Desktop for years, but the online software that’s been developed more recently has too many advantages to keep using it. I also used Xero for a few years, and liked a lot of features – but it seemed geared for a different kind of business and lacked a few things I needed. Then I tried Quickbooks Online – it was barely within my budget, but I liked the features – but then they increased the price after only one year of using it.

• Compare Zoho Books’ cloud-based accounting platform to QuickBooks, Xero, and Wave Accounting.
• So if you manage employees, we recommend you look to a competitor like Xero or Wave instead.
• Zoho Books is a smart online accounting software designed to help businesses streamline their back office operations, automate business workflows, and help securely collaborate with accountants online.
• Zoho Books is an online accounting software that allows you to easily manage the money flowing in and out of your business.
• For comparison, QuickBooks Payroll starts at $45 per month plus $4 per employee per month and goes up to $125 per month plus $10 per employee.
• The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system.
• Unlike most financial management systems, Zoho Books is packed with collaboration features, and makes sure users will feel involved in the payment process.

If you are planning on purchasing more Zoho products than just Zoho Books, Zoho Finance Suite could be an affordable way to get all of the features you need. Zoho Finance starts at $149/month per organization and includes ten users. Zoho offers unlimited customer support, meaning you can contact the company by phone 24 hours a day, Monday through Friday, for free. You can chat with an agent or email the company either within the accounting software or via the company’s website. Online help resources include FAQs and a searchable knowledgebase.