Zoho Books Review 2024: Features, Pros & Cons

Physical security is ensured at the workplace and data centers, and all entry and exit movements are monitored. Network security and monitoring techniques are designed to provide multiple layers of protection and defense. We review products independently, but we may earn affiliate commissions from buying links on this page. Zoho Books did a great job in this criterion but could have done even better if there were an option to find the actual inventory used in a project in the actual vs budget report. In the current version, you can only view it in the profit and loss (P&L) statement.

NerdWallet UK website is a free service with no charge to the user. Just select Add bank or credit card from the Banking screen, then hit the big blue Enter your account manually’ button. You’ll be prompted to give the account a name, select its currency and details such as account number or IBAN.

  1. You can even create recurring invoices for your regular customers and retainer invoices if you collect advance payments from your customers.
  2. Zoho Books includes good inventory management capability, though you can also use it if you sell services instead of products.
  3. Zoho Books doesn’t include cash flow tracking with its free plan or two cheapest paid plans.
  4. Because when you do, what you will find is a feature-rich solution that, in some areas, is second to none.
  5. Zoho helps here, with a series of excellent webinars and the option to book a one-on-one session with a Zoho Books product expert.
  6. 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.

By enabling the sales tax feature, you’ll be able to use sales tax in your invoices and estimates. You can even add multiple taxes to invoices and estimates, set a default tax rate, and enter the exemptions that apply to your business (for example, if you’re a nonprofit organization). Other tools provide good subsets of the website’s transaction capabilities, like the apps’ invoices, bill status, time tracking, reports, and projects. In fact, you could probably run your business for a while from your phone if necessary—the mobile version is that comprehensive. Its depth and flexibility, customizable reports, and full-featured mobile apps make it an excellent option for small and medium businesses, though it could be too complex for some.

Top Zoho Books alternatives

But this shouldn’t be a problem if you have experience with accounting software. On the plus side, there’s an extensive knowledge base that contains detailed information on how the software works. We think Zoho Books is a top pick for companies needing an inexpensive financial management solution with responsive functionality and powerful integrations. However, as it stands in any of the more off-the-shelf guises Zoho Books still has plenty to commend. We’re also impressed with the beefy selection of supporting options that can be found via the website.

It works well, and is available for Android, iOS and, a little unusually, Windows phone. This is especially true when you use Zoho Books’ own templates, which are invariably well designed and useful. Doing so saves a lot of time and hassle, which is – after all – the point of a cloud-based accounting package. Is a journalist, technical writer, developer and software preservationist. Click on Dashboard, Contacts, Banking or Reports, and a new screen opens with options or data to view.

Zoho Books might be an affordable cloud-based accountancy solution, but that doesn’t make it any less feature-laden. In fact, taking a tour of the package we found that it has a pretty formidable arsenal of tools and options. That includes invoicing estimating, a client portal, the ability to track expenses, carry out billing, track your banking movements, manage projects and keep an eye on your levels of inventory. Zoho Books stands out for its affordability, especially considering its many desirable features.

The offers that appear on the website are from software companies from which CRM.org receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all software companies or all available software companies offers. Zoho Books has a great network of Certified Professionals that you can hire to help you with the accounting aspect of your business. The accounting professionals can assist with everything from 1099 tax filing and bank reconciliations to payroll. Every time you navigate to the main dashboard, you’ll be able to get a glimpse of the health of your company.

Zoho Books has six packages, including a free plan costing up to $240 per month if billed annually. We recommend QuickBooks accounting software for startups because of its ease of use, advanced tools, and affordable pricing. Unfortunately, payroll support and all related tax and deduction handling is conspicuous by its absence. Zoho Payroll isn’t currently available outside the US and zoho books review while the company is looking into integration with third-party payroll services, it can’t specify when this feature will be available. For now, you’ll have to use another service to handle payslips, PAYE and pensions and simply log those outgoings in Zoho Books. This simple to-do list is clearly described and helps you transition your accounts into Zoho with a minimum of fuss.

What are the best Zoho Books alternatives?

It offers all the mobile accounting features we wanted to see, including the ability to send invoices, receive payments, capture expense receipts, record time worked, and view reports from your mobile app. 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. NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. For small business accounting software, we have two Editors’ Choice winners.

Sales & Income Tax

We recommend Zoho bookkeeping for small to mid-level businesses in online retail and digital marketing. It’s the next logical step for the small business owner ready to move on from manual entry and spreadsheets. Zoho Books automates recurring invoices and billing, payment reminders, and conversions from estimates to invoices.

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Zoho Books is cloud-based accounting software with integrated customer relationship management (CRM), inventory, and project management system. 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 making https://personal-accounting.org/ less than $50,000 in annual revenue and five paid subscriptions that start at $20 per organization, per month. The best accounting software programs all provide similar features, so when considering which one is best for your business, you need to consider which features are the most important to your situation.

Zoho Books Accounting Software Review: Pros, Cons & Features

Small business accounting tasks can be tedious, time-consuming, and prone to errors. Thankfully, Zoho Books makes your company’s finances easier to manage by automating processes and helping business owners develop custom functions using a unique scripting language. You can use its scheduled reminders and additional notifications to reduce errors and stop financial items from slipping through the cracks. For these reasons, Zoho Books is our choice for the best accounting software for automating processes. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him to create valuable content that educates businesses on maximizing the benefits of the software.

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