Try the free demo account of Zoho Books to experience smart accounting hands-on. Some of the links on our site are from our partners who compensate us.

  • Most especially, it has unbeatable customer service and a mobile application that is not even close to that of QuickBooks.
  • As you’re getting started, you may want to import some of your existing data.
  • Despite some minor shortcomings it is currently one of the better value packages of its type.

For instance, Zoho’s most expensive accounting plan for enterprises, Zoho Books Ultimate, includes 15 users. Zoho Books doesn’t include cash flow tracking with its free plan or two cheapest paid plans. However, Zoho Books Premium, Elite and Ultimate users can see a quick overview of the business’s cash flow directly from their dashboard. Zoho also has a separate, completely free invoicing product, Zoho Invoice, that integrates with Zoho Books.

Zoho Books Pros and Cons

If all of the above isn’t enough, you can access help and support from anywhere in Zoho Books by clicking on the Help and Support icon. If you’re new to invoicing, check out the “Life cycle of an Invoice” at the bottom of the invoice entry screen. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support.

You can call, email, or message the contact from this page, as well as create new transactions, accept payments, and more. Accounting application Zoho Books meets the lion’s share of small business needs, and it’s especially well-suited to businesses that already use other parts of Zoho’s suite of low-cost cloud-based apps for businesses. 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. QuickBooks Online and FreshBooks are the apps we recommend most to small business owners. They’re our Editors’ Choice winners because they are slightly better for companies with varying needs and preferences, though Zoho Books is excellent for larger small businesses. All of the pricing levels are easily affordable for even the tightest budget.

You can also assign actual labor to a project and record the actual inventory used in the project. If you need dedicated software for project management, explore our list of the best contractor accounting software. Zoho Books could have been awarded a perfect score if not for the minor issues we encountered, such as the inability to issue a refund check if a customer has a credit balance on their account.

The dashboard will give you a clear view of your highest expenses, total receivables and payables and sales. You may also create a variety of business reports, such as profit and loss statements, balance sheets and cash flow statements. Plus there’s a tax tool you can use to set a default tax rate, calculate sales tax and file 1099s for contractors. It’s quite common for business owners to delegate different business functions to different people.

New Sales Invoice

If you’re searching for accounting software that’s user-friendly, full of smart features, and scales with your business, Quickbooks is a great option. These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.

Payment Options

From Profit and Loss statements and Inventory Summary reports to Tax Summary reports, Zoho Books offers 70+ business reports required to run your business smoothly. We weighted each category equally and considered our accounting expert’s opinion to calculate our star rating. Free (only for businesses with less than $50,000 in annual revenue).

Easy-to-use cloud accounting software for businesses.

No other small business accounting app offers this much flexibility for transferring data. Zoho has its own payroll module, but it only covers 23 states as of this writing, for $19 per month plus $3 per employee per month (or $190 plus $30 per employee annually). Unlike most competitors, it doesn’t automatically file your payroll taxes, though it calculates them. The application does integrate with SurePayroll, though, a full-featured, affordable payroll solution.

In terms of user experience, some people will prefer QuickBooks Online to Zoho Books, and others the opposite. Our advice would be to take advantage of the free trials on offer (Zoho offers 14 days) and see what feels best to you. If you’ve been using other accounting tools, https://personal-accounting.org/zoho-books-review/ it’s also good to know that you can import (and export) nearly all data in Zoho Books using CSV. Keep in mind that the pricing stated below is per organization, per month, billed annually. Is a journalist, technical writer, developer and software preservationist.

Zoho Books pros

You can enter time manually, or start the timer to track your time automatically. A good entry-level accounting application with two plans available, Zoho is great for sole proprietors and freelancers. Zoho Books’ free plan aside, Xero has the lowest starting price of any provider on our list. Its freelance-friendly starter plan, Xero Early has a few crucial limitations.

If you’re comfortable handling accounting transactions, go for it; otherwise, this is the area most likely accessed by your accountant or CPA. Easily enter your expenses in Zoho Books, where you can also record mileage or add expenses in bulk. Purchase orders can be entered and managed in the application, and for bill payment, head over to the Bill option to enter the details, and then return to the Payments Made option when you’re ready to pay them. Like invoicing, you can add recurring bills as well, and when you return an item, you can record the vendor issued credit in the Credits option. The Purchases function offers a ton of features, including good vendor management and custom fields to track additional details. Payment terms and currency preferences can be assigned to vendors — a great option if you sell your products globally.

These can be enabled either on or off depending on what suits your needs. Sales orders, purchase orders, VAT and online payments are all in there too, making Zoho Books fully featured by anyone’s standards. Adding additional value is a solid reporting area, the ability to automate your workflow and, finally, enjoy the convenience of having all your documents stored in one place.

//www.harshanadesigns.com/wp-content/uploads/2020/04/footer_logo.png