Zoho Books Review
The management of the accounting aspect of your business would go a long way in determining how successful your business would be. But are you managing it well? If you are not, you should start using the Zoho Books accounting software. This accounting software is built to help small business owners collaborate with accountants online, automate their business workflows, and streamline their back-office operations. Let’s understand more from this Zoho Books review what you can do with this tool.
Starting from: $15/month
Pricing Model: Subscription
Yes, has free trial
Yes, has free version
- Affordable pricing plans.
- Intuitive interface.
- Offers a 14-day free trial
- Multiple payment gateways.
- Fantastic support options.
- Document management.
- It has a great depth in records and transaction forms.
- Some business owners may find it quite complicated to use.
- The free plan doesn't offer a lot of the features
- It lacks integrations with a lot of finance applications.
- The mobile version is not very impressive.
- Small business
- Medium business
- Cloud, SaaS, Web-Based
- Desktop - Windows
- Mobile - Android
- Mobile - iPhone
- Mobile - iPad
With the Zoho Books accounting software, users can delegate accounting responsibilities to anyone but establish various permissions for employees. Moreover, people can also use Zoho Books in recording and tracking their bank and credit card transactions like refunds, credits, expenses, checks, fund transfers, and deposits. In addition, Zoho Books offers integrations with other Zoho applications like Zoho Analytics, Zoho CRM, Zoho Inventory, Zoho CRM. And many more and third-party solutions like Slack, Dropbox, G Suite, Stripe, PayPal.
Zoho Books – business online accounting
Zoho Books is a business accounting software that accountants and small business owners use in managing their finances, automating their business workflows, and helping them collaborate with other team members across different departments. With Zoho Books, all your accounting tasks are sure of been taken care of. Zoho has integrations with many of Zoho’s apps and other third-party apps like PayPal and Dropbox. For example, you can use accounting software to create a customized price list with markups or markdowns and give it to your preferred customers and vendors.
With this tool, you will get information about inventory reports. Also, you would be able to track your stock on hand and its current valuation. This business accounting software uses the FIFO methodology in valuing your inventory.
What are Zoho Books?
Zoho Books is an online business accounting software that many businesses use to manage their inventory, collaborate with their accountants and colleagues online, automate business workflows, and streamline back-office operations. This small business accounting software can be used by marketing agencies, consulting firms, and small businesses.
The Zoho Books business accounting software has automated workflow creation, expense tracking, purchase order management, inventory management, balance sheet management, recurring Zoho invoice generation, cash flow management, and many more.
With the inventory feature on Zoho Books, small businesses can monitor their stock level and make intelligent purchase decisions. Zoho Books also allows its users to invoice their customers in their currency, supporting eleven languages.
Also, a business owner can know how much money their business is generating. They can manage customers and invoice them either by mail or online, set up payment reminders and payment thank-you notes, automate recurring invoices, and get paid easier with online payment gateways. They can also manage and control expenses and cash outflow.
What is the use of Zoho Books?
Zoho Books is accounting software used by small business owners to easily control the money flowing in and out of their business. People also use Zoho Books in managing their business’ invoices, expenses, and customers. You can also use this accounting software to record, track, and reconcile your bank accounts and transactions and collaborate with your accountant in real-time. One amazing thing you can use Zoho Books for is to help you make better and more informed decisions that would benefit your small business. Therefore, accountants and small business owners can use the Zoho Accounting software.
Zoho Books Features
Now, let’s see what kind of features this accounting software will provide for users:
Zoho Books allows you to collaborate with your accountant and colleagues on a project easily. So, you can use this collaboration feature in managing your account and viewing reports.
One beautiful thing about Zoho Books is that it has integrations with more than forty Zoho applications and other third-party apps like Strips, PayPal, and Dropbox.
Record inventory changes in real-time
On Zoho Books, you can adjust your inventory immediately when your stock is missing or destroyed. You can also use this feature in simplifying your shelf counts by keeping inventory levels updated.
Know when to replenish stock
This accounting software also has a feature that allows you to set reorder levels and get notified before the stock level reduces. And if you have chosen certain preferred vendors for some items, you can send purchase orders immediately. So, with Zoho Books, you can easily always track your inventory.
Another interesting feature that Zoho Book has is that you can create a customized price list with markups or markdowns and give it to your preferred vendors and customers.
Zoho Books Pricing
Zoho Books’ pricing plans are quite attractive, especially when compared to that of its competitors. It has a Free Plan built for businesses that have less than 50,000 dollars annual revenue and one user plus the accountant. Its features include expense or mileage tracking, payment gateways, client portals, and customizable multilingual invoicing. But with this plan, you cannot import transactions and connect to your banks, but you can import statements.
Zoho Books has a 14-day free trial, and after it expires, you can choose to subscribe to the Standard Plan, which costs $15 per organization every month. It has all the features available on the Free plan with access to five thousand invoices annually. Some of the other available features on this plan are predefined user roles (3 users are permitted), timesheets and billing, custom fields, projects, and recurring and project expense tracking.
The Professional Plan costs $40 per organization each month. It permits only five users and adds bills, sales or purchase approval, sales and purchase orders, price lists, and other features like automated workflows and multilevel purchase approvals.
The Premium Plan costs $60 per organization each month. This Zoho Books pricing plan supports ten users, vendor portals, and budgeting. In addition, it has an integration with Twilio, and it lets you automate SMS messages to customers. Zoho Books provides discounted annual subscription fees too.
Zoho Books Alternatives
Thus, Zoho Books is not the only accounting software you can use to run the accounting aspect of your business. There are many Zoho Books Alternatives that you can check out. Below are some of them:
QuickBooks Online is a web-based accounting software well-known as a reliable small business accounting software. It is popularly used by a lot of small business owners and Accountants. Moreover, QuickBooks Online has four pricing plans, and each of them has a unique number of features and user allowances. It has more expensive plans than Zoho Books, but the features that come with each plan are worth it.
The Simple Start plan is the least expensive plan that QuickBooks Online has. It costs $25 per month, and it comes with one user and basic features like sales tax tracking, invoicing and payment acceptance, income and expense tracking, and many others. The Essentials plan allows for up to three users and costs $40 each month. It has all the features of the Simple Start plan plus time tracking capabilities and bill management.
The Plus plan costs $70 each month, and it allows its user to track project profitability and inventory and accommodate up to five users. The Advanced plan is its most expensive plan; it costs $150 per month and allows for 25 users. In addition, it has enhanced custom fields, business analytics and insights, batch invoicing, customized access for employees, and many more.
This is another accounting software with an intuitive interface and fantastic customer service. Medium-sized businesses use this accounting software to satisfy their accounting needs. With the Lite plan, you will have access to time-tracking capabilities, customized and unlimited invoices, and unlimited estimates.
FreshBooks has three plans–the Lite plan that costs $15 per month, the Plus plan that costs $25 per month, and the Premium plan that costs $50 per month. If you want to add more team members, it will cost you about 10 dollars per month for each person. FreshBooks is known for having a great time tracking capabilities. It has a desktop timer that allows you to record the time you spent on your computer if you are currently not working on the web.
This is another Zoho Books alternative you should consider. It has a lot of features that would be beneficial for your business. For example, you can send five invoices and quotes every month and reconcile 20 bank transactions for nine dollars per month with the Xero Early plan. But if you want to send more than five invoices, you will need to either go for the Growing plan that costs $30 per month or the Established plan that costs $60 per month.
You can send unlimited quotes and invoices to your clients with these two plans. The Established plan permits multi-currency invoices, plus you can manage and capture expenses. Also, the Established a d the Growing plan allows you to have unlimited users and customizable permissions. It is very flexible software.
Sage Accounting is widely used by many Accountants and business owners. It is cloud-based accounting software, and it has a variety of tools you can use to manage your accounting books. In addition, this accounting software has two pricing plans–the Accounting Start plan and the regular Accounting plan.
The Accounting Start plan costs $10 per month, while the Accounting plan costs $25 per month. The Accounting Start plan offers you features like connecting your business bank account, tracking unpaid invoices, and creating sales invoices. Then, for the Accounting plan, you get all the features available on the Accounting Start plan with real-time reports, the option to create estimates and quotes, buy invoices, and cash flow statements.
Moreover, the Sage Accounting software is perfect for small-business owners that need the basics from their accounting software at a reasonable price. You will be provided with all you need to create custom invoices, and you will be free to create reports from your transactions, like a cash flow statement and a profit and loss statement.
Wave is web-based free accounting software that allows you to scan receipts, track your expenses and income, create and send customized invoices, and many others. You can connect Wave to other applications like Etsy and PayPal. Also, Wave has a free plan, but if you need add-ons, you will need to pay to access them. The add-ons you need to pay for are affordable, so you don’t have to bother much. This accounting software has an easy-to-use interface. But this accounting software is not suitable for large organizations with greater accounting needs.
ZipBooks is another Zoho Books alternative that you should also check out. It has a free plan that you can explore before upgrading to a more complex paid version. The free plan allows you to manage unlimited vendors and customers and send unlimited invoices. Also, on ZipBooks, you are free to accept digital payments from PayPal and Square. The free plan allows you to access basic reports and connect your bank account.
Many other features come with the free plan that will help you take care of your basic accounting needs, but if the free plan is not enough, you can decide to upgrade to the Smarter plan that costs 15 dollars per month. Some of the features that come with this plan include scheduling invoices and automating reminders, saving invoice line orders, creating and managing projects, tracking time, and setting fixed or hourly billing rates.
It has a Sophisticated plan that costs $35 per month. ZipBooks provides you with all you need to keep your accounting books organized with tagging and allows you to create customized categories and lock completed books. This is one of the simplest accounting software you can use to run your business.
Zoho Review Conclusions
One of the greatest small business accounting software you can use as a small business owner is Zoho Books. Zoho Books is a well-known and widely used online accounting software that helps small business owners to manage their finances, collaborate with team members across different departments, and automate their business workflows.
So, this small business accounting software allows you to concentrate on your business while they manage the accounting aspect of your business for you. In addition, Zoho Books accounting software has attractive pricing plans. It has a free plan with many features; it has a fourteen-day free trial that you can use before subscribing to the standard plan that starts at $15 monthly.
Another amazing thing about this accounting software is that it helps you record your inventory changes in real-time. As a result, you can adjust your inventory immediately when your stock gets lost or damaged. It also helps you to value your inventory using the FIFO methodology.
Is Zoho a good accounting software?
Yes, it is. Zoho is an effective small business accounting service with an amazing user experience, affordable pricing plan, and many beautiful features that make doing business easier. Large organizations may not benefit so much from it, but it still doesn’t negate that it is good accounting software.