Zoho Books Data Integration Connect, ETL, Sync

Look for a program that offers features to save you time and keep manual intervention to a minimum. The Professional plan costs $40 per month and allows five users. In addition to the features in the Standard plan, this plan has purchase ordering and inventory-tracking tools, lets you create sales orders, and supports multiple currencies. One cool feature we really liked is that you can schedule reports to be automatically generated weekly, monthly, quarterly or annually, and then emailed to you in the format of your choice . More than 40 standard reports are built into the software, including a general ledger, profit and loss, sales by item, timesheet details, and aged receivables and payables.

• The software product is ideal for very small businesses — especially those that already use other Zoho applications for inventory, invoicing or customer relationship management.
• As your business grows, add more of Zoho’s 40+ apps to help you manage and run every aspect of your business from wherever you are.
• Zoho Invoice apps have you covered whether you’re crafting estimates, logging time, or checking your business’s performance on the go.
• Workflow & Automation Integrate Zoho Books through popular workflow and automation software.
• Radha Vembu, Sridhar Vembu’s sister, owns a majority stake in the company.

These workflows let you automate tedious, repetitive tasks, and they’re fully customizable to your business. While the cheapest plan doesn’t include any workflow automations, it does automatically update your bank feeds, allow for bulk updates, and set recurring expenses. Zoho Books is an online accounting software that lets you manage your financials and banking, automate your sales and purchasing workflows, and even track time and create reports.

Zoho Books Review: Advantages and Disadvantages

Although you can expect the features discussed above as part of your Zoho Books accounting software, the ultimate capabilities you receive will depend on which of their four plans you choose. This being said, let’s explore each of these plans, their pricing, and what accounting tools and functionalities they offer.

It offers a wide array of features, including income and expense tracking, invoicing, sales tax management, and time tracking. Zoho Books offers a free plan for businesses that make less than $50,000 in annual revenue and three paid subscriptions that start at $20 per organization, per month. Zoho Books has many features that will benefit microbusinesses, including accounting process automation, invoicing, online payments, and tools for time tracking and project management. Zoho also has a mobile app that supports more devices than most accounting software vendors do. Zoho Books offers more transaction types and more flexible forms than any other small business accounting app I’ve reviewed. Beyond the standard sales forms that competitors support, it includes retainer invoices, delivery notes, and packing slips.

Zoho Books Accounting Software Review

Accounting software that makes financial management easier for small-business owners. It automates business workflows, has great invoicing features, offers free inventory software, automatically imports bank feeds and helps you stay on top of receivables and payables.

In turn, all transactions will be automatically imported to the application, allowing easy categorization of both income and expense transactions. 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. No other small business accounting tool I’ve looked at lets you create up to 46 custom fields for records, and not one of them supports such thorough profiles for contacts. A setup guide suggests actions you should take, along with educational videos and links to the appropriate pages.

Based on the results, Zoho Books emerges victorious in the project accounting, customer service, and mobile app sections. 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.

Low cost

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. If you need to send hard copies of estimates or invoices to your customers, you’ll need to use the Zoho Books Snail Mail add-on. These credits, priced at $2 per credit, allow you to send paper invoices or estimates to both U.S. and international customers.

Track multiple projects, displaying the percentage of completion in the dashboard and the billable time. You can also collaborate with many different users, assigning roles with various permissions.

Projects and Time Sheets

So pick a program that has an easy-to-use interface and is not laden with unnecessary features. Earlier, we used Spreadsheets for maintaining our accounts and Zoho CRM for invoicing. Now, with Zoho Books, we have unified and reliable information. It allows us to maintain our current accounts more effectively than spreadsheets. Capture the goods and services you offer and quickly add them to your transactions. As your business grows, add more of Zoho’s 50+ apps to help you manage and run every aspect of your business from wherever you are.

• Stop wasting time with manual entry of every transaction and reconciling every month when you can automate the process to make your life easier. It also has extensive support pages for you to learn the system yourself. For example, there’s a video tutorial running through all the main features, as well as your typical FAQ and written guides.

Better Reports, Enhanced Integration

Now, we have many clients using https://www.bookstime.com/ 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. Or we can just send it to them easily without even having to ask an accountant to print things out.

Zoho Books comes with automatic bank feeds, collaborative client portal, accounting and taxing, online payments, invoice templates and analytical reports. The system allows users to manage multiple time sheets of different projects and tracking of reimbursable expenses. Zoho Books is an end-to-end accounting solution for businesses of all sizes that manages finances across an entire organization. The system automates multiple financial processes such as accounts payable & receivable, time tracking, payroll, transaction management, inventory control, and banking. Additionally, Zoho Books manages customer and supplier interactions through the client portal where customers can securely store their payment information for recurring transactions. Zoho Books is cloud-based accounting software with integrated customer relationship management , inventory, and project management system.

It means that Zoho Books customers in all 50 states can get excellent integrated payroll capabilities. You have to sign up for SurePayroll, of course, but all the necessary payroll data moves from SurePayroll to Zoho Books seamlessly. Sure Payroll costs $29.99 per month, plus $5 per employee per month for the Full Service plan, and less for a Self Service plan.

Microbusinesses don’t need complicated, pricey accounting software; they need affordable software that can grow with their operations. Zoho Books is a simple online accounting software application that syncs with your accounts and covers all the basics, allowing you to create and send invoices, track time and expenses, and generate reports. 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. The Premium plan, Zoho’s priciest, costs $60 a month when billed annually or $70 if billed monthly. The plan expands your user number to 10 and limits your yearly invoices and bill payments to 25,000 each. It also adds some business website features and integration with Zoho Sign (Zoho’s digital signature app).

What We Don’t Like About Zoho Books

Another aspect of Zoho Books that stood out to us is its client portal that your customers can use to discuss and accept or decline estimates, view and pay their invoices, and download account statements. If your work is project-based, you can share project details such as tasks and logged hours. This is a particularly helpful feature for businesses that work closely with their clients on projects. If you want feedback from your customers, you can set up the portal to allow them to review your services. Zoho Books is a standalone accounting software solution, but Zoho offers an entire suite of products that integrate with each other and can manage most aspects of your business. For instance, there’s Zoho Projects for project management, Zoho Inventory for inventory management, Zoho CRM for customer relationship management, and Zoho Expense for expense tracking.

After much research and analysis of accounting software, we recommend Zoho Books as the best accounting software for microbusinesses in 2021. Zoho Books is our pick as the best accounting software for microbusinesses in 2021. Right from negotiating deals, to raising sales orders, to invoicing, Zoho Books handles mundane accounting tasks so you can focus on your business.

• Monthly prices are shown below, but Zoho offers a hefty discount if you pay for the entire year upfront .
• • In Zoho Books – UK edition, some users faced issues while creating purchase transactions for unregistered vendors and it has been fixed.
• You get everything in the standard plan plus the ability to send recurring invoices, make sales orders, manage purchase orders and handle multi-currencies.
• These include connecting with payment gateways, configuring user roles and permissions, modifying the Chart of Accounts, and adding custom fields.
• No matter which plan you choose, you can take care of your accounting needs on the go with the Zoho Books app, which is available at the Apple Store or Google Play.
• 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.

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Mary Girsch-Bock is a former accountant and non-profit development specialist who began her freelance career reviewing software and never stopped. When not working on the next article or review, Mary spends time working on her first novel in Rio Rancho, New Mexico, where she lives with her family, two dogs, and two birds. If this information isn’t enough, there’s also a FAQs page as well as additional product videos available to view any time. You can join the Zoho Books user community to ask or answer questions, register for an upcoming webinar, and review the Welcome Guide. Many or all of the products here are from our partners that pay us a commission. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.

Zoho Books Review 2022

You can also export them to Zoho Sheet if you’re using other Zoho applications. New users can try out a 14-day free trial of Zoho Books’ Premium plan before subscribing. Zoho Books is a great solution for small businesses that already use the brand’s other in-house applications, like Zoho Invoice. • You can now share the transactions like estimates, invoices, etc. as PDFs from the transaction details page. With the Zoho Books iPhone app your accountant is never far away to advise you. Invite your trusted advisor to review your numbers right from the comfort of his home or office.

The only issue we found is that there’s no option to enter monthly service fees as part of your reconciliation, so you’ll need to enter the fees in a separate transaction before reconciling. 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. The Premium Plan ($36 per organization per month) supports 10 users, budgeting, vendor portals, and integration with Twilio, which allows you to automate SMS messages to customers.

Every accounting software should offer you some link to your bank, so you can make payments and import your bank statements to your accounting system. Some software goes beyond these basic functions to offer features like automatic bank feeds, transaction matching, and banking reconciliation. Accessing your financial data is easy with accounting software. A cloud accounting solution allows you to get ahold of your numbers from anywhere, whenever you wish. All you need is a suitable device, internet connectivity, and a web browser.