In this time and age where the workload for accountants has been increasing over the past decade Sridhar Vembu (CEO) and Tony Thomas have come up with an incredible software called Zoho Books which has reduced the workload of the accountants and has made their lives easier.
This software is mainly for small business owners since its extremely affordable, easy to use and has most of the features that a firm would be looking like accounts receivable, accounts payable, inventory, banking, payroll, and many more features that might not be in other accounting software’s. It is an online application that is compatible with every web browser.
Zoho Books has several capabilities that can assist you in achieving your accounting assignments as soon as possible. Once a sales order has been created you can easily convert it to an invoice with just a couple of clicks away and sparing you from creating these documents physically.
One of the reasons why Zoho Books might be better than other accounting software is because of the different features it provides that saves a lot of time. You could schedule your payment notifications to be sent to customers automatically and generate several messages that are sent at various times. Another feature is that when you link your account to a payment processor you can accept e-invoices and get paid much quicker. It’s compatible with PayPal, Braintree, Stripe, and Square.
There’s a feature where you can schedule your reports to be created automatically every week, month, quarter, or yearly which can be furthered emailed in different formats like PDF, XLS, or CSV. You can also configure the program to automatically to give you a weekly summary report of an overview of the performance of the business and also a detailed summary of the income and expenses, cash flows and many more. The program provides more than 40 reports including accounts receivables and payables, profit and loss, etc. It’s also available for iOS and Android devices which makes it much more convenient for the users to access it in their comfort.
The professional package includes the product monitoring
devices. While you enter the item on an invoice it shows you the amount
available. If you enter a higher figure than that you have the figure turns red
and if incase the stock reduces below a certain limit, then you can set up an
function to notify you via email.
The template gallery has more options for invoice customization than many of the other accounting programs. There are around 16 templates, various fonts and several languages to choose from. You can attach your logo and background picture and pick background colors, accents, the name of your business, the name of your client and the rest of the text on the page.
When viewing a transaction, the audit trail feature gives you a timeline of when it was made, whether it was transferred to or from a different form of transaction and whether the transaction was revised, sent or charged. It also mentions the name of the user along with the date and time of the transaction, and lets you add feedback/remarks.
Zoho Books does not only provide accounting services but provides around 57 products as well.
|Zoho Sales IQ||Zoho Campaigns||Zoho Survey||Zoho Sites||Zoho Social||Zoho Contact Manager||Zoho Mail|
|Zoho Docs||Zoho Projects||Zoho Connect||Zoho Bug Tracker||Zoho Meeting||Zoho Vault||Zoho Showtime|
|Zoho Books||Zoho Invoice||Zoho Subscriptions||Zoho Expense||Zoho Assist||Zoho Inventory||Zoho Recruit|
|Zoho People||Zoho Bookings||Zoho Page Sense||Zoho Backstage||Zoho Forms||Zoho Sprints||Zoho Cliq|
|Zoho WorkDrive||Zoho Sign||Zoho Checkout||Zoho Creator||Zoho Analytics||Zoho Flow||Zoho Remotely|
|Zoho Motivator||Zoho Orchestly||Zoho Classes||Zoho Commerce||Zoho Marketing Hub||Zoho Zia Voice||Zoho Writer|
|Zoho Phone Bridge||Zoho Zia||Zoho Workplace||Zoho Finance Plus||Zoho CRM Plus||Zoho One||Zoho Desk|
|Zoho Notebook||Zoho Sales inbox||Zoho Marketplace||Zoho Calendar||Zoho Sheet||Zoho Workerly||Zoho Customization|
Zoho Books has come up with something new called the Zoho Payroll which makes the work of the HR department much easier and they don’t have to go through the pain of the entire procedure of HR departments collecting information of employees, finance team providing information to the HR department and the employees providing information like their reimbursement claims and their tax savings records.
It automatically calculates the payroll and pays the employees when it’s time for them to receive and even during the process of termination it makes the whole procedure much easier by making all the requirements while terminating an employee easier and effortless. Furthermore, ICICI Bank has formed an alliance so you can pay your employees effortlessly and much quicker.
Zoho CRM (customer relationship management) lately has
become one of the leading CRM on-demand firms. The top industries that use Zoho
CRM are Computer Software followed by Technology and Services and Marketing and
Advertising. While the top countries that practice are United States, UK,
India, Canada, Australia, etc.
According to the stats, it is clear that Zoho’s majority of users are small businesses followed by medium-size firms and then at last large firms.
In closing, I would like to say that Zoho is really useful and financially feasible for small firms. The software has no complications whatsoever and is user-friendly. There are many other factors that make Zoho much more suitable for small businesses as discussed above when compared to other accounting software’s and the features are not only useful for small firms but the medium size and large firms as well. But large business firms need to keep in mind that there’s a limit of 5000 transactions per month in the premium plan.
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