Zoho Books

Zoho Books’ “time tracking” section consists of “project” and “timesheet.” In the “project” page, you can create a new project. On the “project” page, you can also see the details, tasks and time logged by clicking on the project name. Bills can be one-time or recurring, include landed costs, and you can send them for extra approval, so everyone is on board. If needed, go to purchase orders to convert them straight to a bill. I’m new to using Zoho books but would like accounting software which allows a future look at the business.

Zoho Books

There are also plans that cost $50 per month for five users and $70 per month for 10 users. If you commit to an annual subscription, you’ll receive a discount from the month-to-month cost. Zoho Books is an advanced accounting software that offers excellent functionality for businesses of all sizes.

Zoho Books Banking and Cash Management Video

This being said, however, if you want to add another user to your account, you can purchase a user add-on, for $2.50 per user per month. After all, your accounting platform will house all of your financial information and help you manage this core piece of your business operations. Therefore, you need a system that you can rely on, that meets your business requirements, and that is affordable. With all of this in mind, you may be considering a solution like Zoho Books. Finding the perfect accounting software for your small business is of the utmost importance. I can’t really recommend the free version wholeheartedly to sole proprietors and freelancers, in part because it doesn’t import bank transactions.

Is Zoho Books secure?

Your data is therefore secure from inside access; Zoho performs regular vulnerability testing and is constantly enhancing its security at all levels. All data is backed up on multiple servers in multiple locations on a daily basis.

• Capture and view all financial information related to your asset, liability, revenue, or expense accounts and organize them how you want. Stay updated on the latest products and services anytime anywhere. The 7 Best Expense Tracker Apps for Small Businesses in 2022 Organize your business’s receipts and expenses with the best expense trackers for small businesses, including…

Is Zoho Books Right For You?

After an in-depth review process, our experts gave Zoho Books a 4.5-star rating. • Stop wasting time with manual entry of every transaction and reconciling every month when you can automate the process to make your life easier. We weighted each category equally and considered our accounting expert’s opinion to calculate our star rating. As a result, we can’t really recommend Zoho Books to companies with more than a handful of employees. But if you work for yourself, employ two or three other people, and don’t mind re-entering payroll information , Zoho’s automation, price, and ease of use make it a great choice. Companies on a budget, especially microbusinesses that are small enough to take advantage of Zoho’s free version.

Once you build some contact records, you can view each in a window that is, once again, better than Zoho Books’ rivals. The records show key contact information on the default screen, as well as numbers and graphs for receivables/payables and income/expenses—kind of like a mini-dashboard for each customer. Tabs here open other types of related content, like Transactions , Mails , and Statements. Next, enable the modules you want to use in your business, with multiple choices available. Finally, you can connect to a variety of online payment apps.

Zoho APAC

Being able to manage transactions and access your financial information anytime is vital for any business. Zoho Books is available on iPhone, iPad, Mac and Apple Watch. The accounting system you pick should be easy to use, but it should also be able to offer you assistance if you ever need it.

Zoho Books integrates well with the project management software Zoho Projects, although you can do a lot just by using the tools you get in Zoho Books. To define a project, you give it a name, select the billable customer, and choose a billing method . You can then add a budget, additional users, and individual tasks, as well as up to 46 custom fields. Each project has its own homepage, from which you can add hours worked and view lists of related purchases and sales. You can quickly see whether all billable hours have been billed; where you stand with your budget; and your profitability.

About Zoho Books

This being said, let’s explore each of these plans, their pricing, and what accounting tools and functionalities they offer. Is the https://www.bookstime.com/ accounting software right for your business? FreshBooks Premium has grown over the years from a simple invoicing solution to a full-featured, flexible, small business accounting application with a user experience that is unrivaled. Intuit QuickBooks Online Plus wins because it provides a comprehensive blend of accounting features and combines them with a user experience that doesn’t overwhelm small businesses. Each might appeal to a different set of users, but both are smart choices in this very competitive group. General reports are now more useful because of improved views and filters that support better customization. You first select a filter, whose options change for each report, then indicate a comparator (such as “is” or “contains”), and enter your target value.

  • Your accounting software should let you keep track of who owes you, how much they owe, and when the payment is due.
  • If you commit to an annual subscription, you’ll receive a discount from the month-to-month cost.
  • New users can try out a 14-day free trial of Zoho Books’ Premium plan before subscribing.
  • We interviewed current Zoho Books customers, who are very pleased with the software.
  • Connecting with Avalara also ensures that you’ll be taxing your customers at the correct rate.

If inventory accounting is important to you, then Zoho Books is a great choice. We have no separate video for Zoho Books’ inventory as it is discussed in the accounts payable and accounts receivable section. Although Zoho does offer 1099 tracking and filing, they do not dive deeper into the larger area of payroll and taxes, both of which can be crucial parts of business accounting. Therefore, if you’d like to be able to directly integrate your payroll or pay taxes within your accounting software, you may consider another platform that will allow you to do so. Finally, not only is the Zoho Books accounting software platform 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.