Zoho Books offers a free plan for businesses making less than $50,000 in annual revenue and five paid subscriptions that start at $20 per organization, per month. This will help you decide which accounting software meets your needs best. Other features you may want to consider include whether the software has Zoho Books Review: Features and Pricing a mobile app, how good its customer service is and how well it does with accounts receivable (A/R) and financial reporting. 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 Books offers more than 50 accounting and financial reports across categories like receivables, purchases and expenses, and project summaries. There are many reports that can be created and drilled down to the transaction level. Along with the included reports, customers can sync their Books account with Zoho Analytics for more advanced reporting if needed. Zoho Books has complete inventory tracking features for tracking stock levels. It allows you to track the cost of goods available for sale and divide that cost between the ending inventory and the cost of goods sold . You can adjust the quantity and cost of inventory, and sort items based on product details, vendor details, and stock keeping units .

Can You Create Automated Workflows?

Suggested for students of all courses and working professionals. It’s a must for people starting up a new, small business to handle the finances and keep the cash flow. Very user friendly and has added value in my maintaining of finance and workflow.helps in GST complaint even if I forget important dates, it has automated my whole sales process by e invoicing . ZOHO support is responded quickly .UI is good in mobile versions and run smoothly in android. When we see the worth for money it needs some additional features or modules. Zoho books has been helping in wrting accounts in a very simplified manner and in very easy to use and also the after sales support is very good and nice.

If you’d rather pay month to month, Zoho starts at $20 a month instead. Practically speaking, Zoho’s lack of payroll syncing means you’ll use separate payroll software to calculate employees’ wages. Then you’ll re-enter that same information in your Zoho Books chart of accounts to ensure your business finances are accurate. Zoho Books is one of the most affordable and fully featured accounting software for business. Zoho Books also received an excellent rating of 4.6 out of 5 stars on G2, based on the opinions of 71 reviewers. Users found the software to be affordable and easy to use.

Is Zoho Books Easy To Use?

You can generate reports like Profit & Loss, Balance Sheet, and Cash Flow Statement any time you want them. Zoho Books lets you confirm sales before you ship them by creating a sales order.

On the plus side, although the free plan supports only one user, it comes with additional accountant access. Overall, Zoho Books is one of the more advanced accounting software tools that we reviewed. It has powerful inventory management features—which some accounting tools like Wave and FreshBooks don’t have—which makes it ideal for both service-based and product-based businesses. Though it has a steeper learning curve than some alternatives, it outperforms its https://business-accounting.net/ more basic competitors, some of which are mentioned below. The first paid tier of service is the Standard Plan for $20 per organization per month, which includes everything in the free version plus a more generous limit on invoices . Additional features include projects, recurring and project expense tracking, custom fields, time sheets and billing, and predefined user roles . And for all plan levels, you get a discount for paying annually instead of monthly.

How many customers does Zoho Books have?

An important missing feature is that there’s no option to see the time and expenses you haven’t added to your invoice, which is something QuickBooks Online does. Time tracking is especially important for small businesses, who may need to track various contractors and the hours spent on clients for accurate billing and planning. Use the timer widget, Zoho Books mobile app, or log hours daily or weekly in the cloud software. Beyond time tracking, you can also use Zoho Books to manage projects. Collaborate across teams, assign tasks, and bill expenses directly from your project dashboard.

• If you’re a very small business, you may want to turn off some of these modules to hide unnecessary features.
• There is no point of making an invoice for an item that I do not have enough quantity for.
• The columns you must fill in are the “customer name,” “invoice#,” “invoice date” and the item description sections.
• The company complies with the EU-US Privacy Shield Framework.
• The benefit of adding product and service items is that you can provide a description and price that will populate on all your purchasing and sales forms automatically.

Zoho Books remains a solid option for many small businesses and is an Editors’ Choice winner among the best small business accounting services. Zoho Books is a comprehensive accounting software designed for small and medium-sized businesses. Among its key features, popular tools include invoicing, expense management, bank reconciliation, and project management, all in one platform. Additionally, its integration with other Zoho apps and its user-friendly interface sets it apart, making it a great choice for businesses looking for an all-in-one solution to manage their finances. Zoho Books has the most functional mobile app among all the accounting software we’ve reviewed. If you need an accounting app that can help you stay on top of your books even when you’re on the road, then Zoho Books is a great choice. Zoho Books is loaded with amazing features which were helpful in achieving smart accounting system for my business.

It provides complete round-the-clock access to your profit & loss statements, balance sheets and cash flow statements. It also can manage your organization’s inventory levels and set the reorder points to replenish stock levels when they drop below a certain point. Mary Girsch-Bock studied accounting and business at UIC. After working as an accountant for many years in various industries, including healthcare and property management, she returned to her first love, writing. She specialized in accounting and business articles, with an emphasis on software reviews, which she wrote for more than 20 years. She continues to write for the first publication she ever wrote for, CPA Practice Advisor, while blogging for several software companies. One of the best features in Zoho Books is the client portal, which lets you share invoices and estimates with your customers.

You can add extra users to any of the plans for $2.50 per additional user per month. Zoho Books offers an affordable pricing plan with options designed for microbusinesses. Stay updated on the latest products and services anytime anywhere. The 8 Best Accounting Software for Mac in 2023 Find accounting software specific to your streamlined, user-friendly Mac.