Zoho Books Review 2021

zoho accounting

Finally, the last plan that Zoho Books offers is the Professional Plan. This version of the software can accommodate larger small businesses with additional capabilities, more users, and fewer restrictions. Moreover, unlike many accounting software competitors out there, the Professional Plan will not take considerable funds out of your monthly budget. Zoho Books would be able to do all of those tasks zoho accounting with the exception of contingency fee tracking. There was no easy way in Zoho to keep track of projects that were not hourly, flat, or on a set budget. That said, the Zoho family of products are solid, so if you have need for an accounting product and you are familiar with accounting software, this product would be a great choice. It supports one user and allows you to add 50 contacts to the system.

  • With this Zoho Books option, you can add an unlimited number of contacts to your account.
  • Some features, like invoices and expenses, are included on the site by default, but you can choose which other modules you’d like to activate, like inventory, purchase orders, and time sheets.
  • They were hampering operational efficiency with their irrelevant documentation.
  • Zoho Books reconciles bank statement automatically and GST filing is way better than anything else.

Zoho Books displays as much excellence in its Android app and iOS app as it does in the browser-based version. adjusting entries A multi-screen dashboard displays charts for elements like Total Receivables, Cash Flow, and Income & Expense.

User Interface12 Lectures

Additionally, if you have any issues or questions, you have not one, but three different ways to contact their customer service team, as well as the ability to use any of their self-service resources online. This being said, not only are Zoho Books’ plans available at affordable monthly costs, but you’ll save even further if you opt for an annual subscription. For U.S. customers, you’ll need one credit per paper invoice or estimate and for international customers, you’ll need two credits. Perhaps one of the biggest perks of the Zoho Books Professional Plan is that it eliminates the restrictions of the other two plans in terms of contacts.

Considering Zoho Books’ depth, flexibility, and integration abilities, you’d expect that it would offer an equally impressive slate of reports. The tool offers dozens of reports in every category, from sales and purchases to receivables and payables to projects and activity. There’s a group of advanced reports that are designed for accountants; it includes an enhanced General Ledger, Journal Report, and Trial Balance. The next screen displays a setup guide that suggests actions you should take, along with educational videos and links to the appropriate pages. These include connecting with payment gateways; configuring user roles and permissions; setting up the approval flow; and adding custom fields. This is a great introductory screen that helps you build a foundation for your accounting data and activities.

I also liked being part of the Zoho suite of products, all of which are quite good. The product is stable, and the company offers solid tech support. This software is not made for those wanting to automate as much of the workflow as possible. It is also not for businesses hoping to scale with the software.

Zoho Corporation is not a dedicated financial services company like Intuit. It is, instead, a developer of very good integrated online productivity applications. One such product is Zoho Books, which contains tools that meet the lion’s share of small business accounting needs. It also provides more help resources than most rivals, which is critical for accounting contra asset account solutions. Zoho Books’ attractive UI is easy to set up and well-organized. The accounting software is generally intuitive and easy to use, although it can be a bit difficult to navigate at times — there are so many features that some get hidden within each other. Once you get used to the nuances, Zoho Books accounting software is a joy to use.

For starters, there’s a cap of 5,000 transactions per month. That won’t matter to microbusinesses, but it may become an issue as you grow. This add-on feature scans the documents you upload – such as receipts or vendor invoices – and uses the data to create new transactions. When users review products on our site, we ask if they would recommend this product to a friend/colleague. Top 20 Reports identify the top 20 products in a software category based on user reviews and web search interest.

Customer Service & Support

Closing a deal is one thing, marking an invoice as paid is another. Zoho One gives you tools to create quotes, invoices, and track all receivables. Keep your accounts organized to track your assets and liabilities.

I agree that I have not received compensation for my comment and that my opinions reflect my authentic experience as a customer or former customer. Oversee the business aspects of delivering your products and services through a subscription-based pricing model. Knowing where your money goes is just as important as knowing where it comes from.

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 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.

It can store customer information, items sold, services and even tax reports. This information could then be printed for viewing or converted to PDF files. Accounting can be a complicated process, and the last thing you need is an accounting system that is difficult to figure out. So pick a program that has an easy-to-use interface and is not laden with unnecessary features. Offer customers multiple payment options to increase your chances of getting paid on time. Match payments with invoices to keep an accurate record of accounts.

software can segregate tasks per employee and can track hours spent on each task. It can also be easily converted into an invoice, which saves time and enhances the workflow. Clients can also see the weekly progress of each task via their own secure portal. and freelancers since it doesn’t have payroll nor detailed budgeting reports. If your business is growing or expecting to really take off, QuickBooks is the best option. Fully customizable packages will scale with your business as you grow allowing you to save time and effort with transitioning. The packages available are competitively priced, so QuickBooks is a great option for your business.

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. One of the nicer features of Zoho Books is its client portal, which makes it easy for your customers to view their invoices and pay their bills online. You can use it to send estimates and chat within the program. Zoho Books alerts you when your customer views an estimate or invoice, accepts or declines an estimate, or makes a payment.

OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded. Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser’s responsibility to ensure all posts and/or questions are answered. Zoho Books offers nine different country-specific editions, including a Global Edition. There is a referral program, but you won’t receive any rewards from it.

Zoho Books Specs

A mobile app, capable features, and supreme usability make it a great option. At Fundera, Randa specializes in reviewing small business products, software, and services. Finally, not only is the Zoho Books accounting software platform affordable and full of noteworthy features, but it’s also easy to use. You can quickly and easily get set up with Zoho Books, adding your information and connecting your accounts.

zoho accounting

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. In the past, this software had strong features but poor customer service, hardly any third-party integrations, and frequent bugs and downtime.

Zoho Books is accounting software that is loaded with features at a fraction of the cost of its competitors. Zoho Books is easy to useand includes everything you need to balance the books of your business. Features such as auto-scheduling invoices, reporting tags, and inventory put Zoho Books nearly on par with QuickBooks Online — and at half the cost. There are also several unique touches that are hard to beat, including a great client portal and the ability to send invoices in 13 different languages. Add in great customer support and numerous integrations, and it’s no wonder Zoho Books is such a hit with small businesses. Zoho Books is our pick as the best accounting software for microbusinesses. It is affordable and offers a simple online accounting app that lets you create and send invoices, track expenses, and seamlessly connect accounts.

Zoho was great and hit all the marks for me, the interface is simple and intuitive and the price point at my scale is just unbeatable. I can’t see any other accounting system after using Zoho Books. Zoho Invoice was excellent at invoicing and tracking client expenses. However, I wanted a product that did more than those two things. Ease of use, it has all the features I was looking for in an accounting application. Now, we have many clients using Zoho Books and we manage their accounts from anywhere we are. In fact, we may go to a client for a meeting and they ask for the statement of accounts right now, and I open up my mobile app and give it to them.

Another possible downside of Zoho Books is their lack of payroll services. Although Zoho Books offers three affordable plans, perhaps one of the most notable drawbacks of their solution is the way they restrict each version based on contacts, users, and workflows. Despite all of these benefits, it’s also worth considering the possible drawbacks of the Zoho Books accounting software. After all, regardless of the specific solution, every option is going to have both advantages and disadvantages. Therefore, with each of these Zoho Books options, you’ll have access to impressive functionality, especially considering the affordability of this accounting software. On top of their affordable pricing, Zoho Books gives you the ability to choose a plan that works for you, customize the solution with add-ons and integration options, and upgrade as your business grows.

zoho accounting

Scalability can be an important feature of an accounting platform and isn’t something that all solutions offer. Now that we’ve covered all of the Zoho Books plans, their features, and pricing, let’s take the next step in our Zoho Books review and discuss the possible benefits and drawbacks of this accounting platform. As we mentioned earlier in regards to adding users, these options allow you to increase specific features without needing to pay for an upgrade to another Zoho Books plan. 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 per month or $20 per year. With this Basic Plan of Zoho Books, you’ll be able to have 50 active contacts on your account. This means that you’ll be able to be actively invoicing and paying up to 50 businesses or clients at any given time.

In fact, you could probably run your business for a while from your phone if necessary—the apps are that comprehensive. The Android and iOS versions have different navigation systems but offer a similar set of tools. The iOS app uses a bottom-of-the-screen toolbar, while Android works primarily from a vertical menu. So, if you need that kind of flexibility, you need to subscribe to a site like QuickBooks Online. The site has also added vendor portals since the last time I reviewed it. Like the customer portals that were already available, vendor portals can save time and improve communication with your suppliers. Your vendors can see the details of purchase orders and invoices anytime, and track payments.

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. This newsletter may contain advertising, deals, or affiliate links.

With 4 different pricing packages, you can stay with QuickBooks as your business grows and always have a capable accounting solution. Their packages range from the low-end to the higher end of the industry, so pricing is competitive, and the mobile app keeps it fully portable. Accounting software pricing varies depending on how robust your system is. For instance, the number of features, users, and integrations you require will raise the cost. A good support team is also essential in training you to use the software and being there for any unforeseen complications. Any of these solutions will help you save money without having to hire an accountant. The software can also help you save time and give you more flexibility by being able to check things straight from your phone.

Author: Stephen L Nelson