Zoho Books Reviews By Business Owners

zoho books review

Zoho Books is a mid-tier accounting solution with more advanced features than competitors like Wave and FreshBooks. It offers great inventory management features and is therefore better for medium sized businesses than some alternatives. Zoho Books is also valuable because it can integrate seamlessly with other Zoho software tools, making it easy to synchronize all your applications if you use the Zoho suite of products. Zoho Books is consistently underrated in the small business accounting software market. They offer a free plan that provides plenty of useful features and plans to upgrade with ease to make it more manageable to scale and automate your business.

Most accounting software includes invoicing functionality but in different capacities. Some offer highly customizable invoices while others are easier to use with fewer customization options. The best accounting software includes intuitive features that let you follow up on invoices and a portal where your clients can pay you. Zoho Books can even bring clarity to your unbilled hours and expenses of your project so you can bill them together when sending a final invoice to a customer. In addition, Zoho Books provides a vast number of important financial reports such as profits and losses, cash flow statements, tax statements, and more. In any business it is crucial to know and record the whereabouts of your money, how it’s coming in, and how it’s going out.

zoho books review

A mobile app for iOS and Android smartphones is available as well. If you’re a sole proprietor, freelancer, or just starting out,Zoho Books is made for you. Designed with a long list of comprehensive features, this accounting software normal balance works particularly well if you have inventory to manage. The only downside to the application is the lack of integration with a payroll application, which can create additional work for you if you have employees to pay.

This version of the software can accommodate small businesses with additional capabilities, more users, and fewer restrictions. Although the Standard Plan is the second-tier version of the Zoho Books accounting software, this plan is still very affordable. With no monthly cost and core features that can help you automate your accounting and bookkeeping processes, the Free Plan can be an effective solution for many small businesses. Zoho Books is a web-based platform that allows you to access your account wherever you have internet, as well as use their mobile accounting app for either iOS or Android. Let’s start our Zoho Books review by going through the basics of this accounting software. Finding the perfect accounting software for your small business is of the utmost importance. Most accounting solutions require an accountant or accounting knowledge to measure, analyze financial metrics (Balance Sheet, P&L and Cash flow) and clarity on pending activities.

Wait A Minute! Did You Check Out The Free Demo Account Of Zoho Books?

Banking rules are considered in advance, and transactions are grouped automatically. Accounting can be one of the most time-consuming aspects of running a business. It was no surprise, then, that the small business owners we spoke with said the most important thing they look retained earnings for in accounting software is features that save them time. Zoho Books’ automation and online payment features meet this requirement. Overall, Zoho Books offers competitive pricing plans that should meet the expectations of most freelancers or very small businesses.

Zoho Books helps small businesses by making it easier to manage their finances. The same goes for online payment reminders – the template for a personalized message is already there for customers to consider it, pay their due amount on time, and do so with the frequency you desire. Freelancers, entrepreneurs and microbusinesses need accounting software just as much as larger firms. Finding the right accounting software for a microbusiness requires focus on both price and usability. Zoho Books stood out in our search as an elite accounting solution for microbusinesses.

What Is Zoho Books ?

The sales module gives you the ability to create invoices, recurring invoices, and payments that have been received. The system makes it easy to create a schedule of recurring invoices. Zoho Books includes accounting capabilities such as accrual accounting, good control over the chart of accounts, and the ability to create journal entries.

  • The client approvals feature lets your clients approve timesheets before you bill them.
  • In addition, items called Web Tabs add extra usability within the interface if you want to create and use them to access frequently called-upon features and functions.
  • Customize your users’ access by restricting what they can view dependent on their position or role.
  • Its least expensive plan starts at $25 per month but comes with many of the features you’d expect to get from a mid-level plan from another provider.

Zoho makes it clear that you can go back at any time and change the information you add during setup. During the initial setup, you’ll enter details about your business, including industry and business type. Then you can add tax details, or just connect to Avalara, a good idea, particularly if you sell outside of your home state. Connecting with Avalara also ensures that you’ll be taxing your customers at the correct rate.

Accounting Features

The client portal allows for clients to view estimates, invoices, project details, and other communications at a glance. You’ll get notifications when clients view or pay invoices, and you can even elicit reviews or testimonials. One benefit of Zoho Books is that the Zoho suite offers a wide range of products and features so it’s easy to customize exactly what your business needs. It can get expensive to add on services, but if it allows you to create the exact fit—it may be worth your budget. FreshBooks is a web-based accounting software solution with a range of plan options to serve varying needs. The main differentiator between these different plans is the number of billable clients they allow. It’s a good idea to take a moment to decide what you’re hoping to get out of your accounting software, how many people will need access to it and how much you want to spend.

zoho books review

You may find that a Zoho Books competitor can better fulfill your accounting needs. Despite all of these benefits, it’s also worth considering the possible drawbacks of the Zoho Books accounting software. After all, regardless of the specific solution, every option is going to have both advantages and disadvantages. Moreover, regardless of the plan that you choose, Zoho Books offers a robust feature set that truly gives you the ability to automate and streamline your business bookkeeping and accounting. Additionally, if you need more than two users on your account but don’t want to opt for the Professional Plan, you can purchase an add-on user, for $2.50 per user per month. This being said, however, if you want to add another user to your account, you can purchase a user add-on, for $2.50 per user per month. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Zoho Books reviews across a wide range of social media sites.

Therefore, with each of these Zoho Books options, you’ll have access to impressive functionality. If you’re just starting your business, or running a smaller business, this can be a great option for automating your bookkeeping — without investing in an expensive software. For $8 per month, the auto-scan add-on feature will give you access to 50 scans per month. For U.S. customers, you’ll need one credit per paper invoice or estimate and for international customers, you’ll need two credits. This plan can accommodate small businesses with the most needs, especially for customized workflows and a greater level of automation.

And you can add payroll services to your plan, starting at an extra $45 per month + $4 per employee per month with more advanced options available. With their online solution, you can easily access your account anywhere globally with an internet connection.

Since you make a journal entry every time you debit or credit an account, we can’t recommend the Standard plan unless you record just a few transactions a week. Zoho Books is an impressively automated and affordable cloud-based accounting software, but if you’re zoho books review looking for easy payroll integration, Zoho could be a little more trouble than it’s worth. Additionally, between their mobile app and web platform, FreshBooks is known as one of the most intuitive, flexible, and accessible accounting software options.

Tracking Time & Projects With Zoho Books

If you’re a freelancer, solopreneur, or small business, FreshBooks is a great accounting software to consider. To date, they serve more than 10 million businesses around the world. Zoho Books in comparison has its own financial reporting system and App store as well. Additionally it includes support for tax management with the facility to allow tax advisors to access the system for financial analysis, and allow them to provide advice on filing the relevant returns. Zoho Books allows you to stay on top of your business and make more informed decisions based on the information it provides.

Final Verdict On Zoho Books

Xero, however, offers payroll, unlimited users, and better tax support than Zoho Books. Xero gets more expensive as it scales, but the lower tiers are very similar. For product sales, it’s hard to beat Zoho Books inventory tracking, which allows you to organize your inventory with great levels of detail. You can set your reorder thresholds, and even automate so that purchase orders are sent to your vendors when you dip below your required level of inventory.

Including frequently asked questions , blogs, videos, and welcome guides. You may also browse through its accountant directory and find an accountant, bookkeeper, or financial advisor to assist you. Run your financial statements in seconds and view them on desktop or mobile. Zoho Books generates a wide selection of financial reports, including business overview, sales, total payables and receivables, income and expenses, inventory, project and timesheets, and more. One of the best features in Zoho Books is the client portal, which lets you share invoices and estimates with your customers. You can decide if you want to share the portal with a client when you’re entering their details. The Purchases function offers a ton of features, including good vendor management and custom fields to track additional details.

You can get 20 subscriptions for free, then scale your payment plan for more customers, more users, and increased workflows. For business owners who work with more than five clients, your next option is the Plus plan for $25 per month. This plan includes everything in the Lite plan plus some additional features. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Zoho Books Time Tracker

If you choose to pay annually rather than monthly, you receive a discounted rate. While price is always a consideration, it’s especially important for microbusinesses, so we looked for software that is both inexpensive and highly capable. We wanted to find a scalable application that very small businesses can continue to use as they grow, with options to upgrade to higher plans and integrate with other business applications. We also wanted it to have a mobile app that helps busy entrepreneurs keep up with their accounting tasks on the go. This affordable accounting software lets you create, send, and track invoices and is extremely easy to use. Zoho Books’ automated features are harder to set up than other platforms. It forces you to go to the “settings” page to set up any automatic payment reminders, including for invoices and bills.

With role-based access, you can add your colleagues and your accountant to your organisation so they can log time, view reports, or manage your accounts. Capterra, Zoho Books wins the battle of customer support and price, but QuickBooks offers more in the way of features and functionality. The way FreshBooks breaks recording transactions down its plans by clients may also be a drawback, since its Lite plan, while affordable, only allows for five clients — meaning most businesses will have to jump to the Plus plan. The fact that the Plus and Premium plans are identical except for client allowance, but Premium is twice the cost, is another downside.

Not providing payroll is not a showstopper, but Zoho Books doesn’t even integrate with third-party payroll providers like Gusto. This is a serious deficit for an accounting solution suitable for companies large enough to have employees. Zoho Books is an online accounting software designed to provide businesses with better control and management of their money flow. It is a tool that helps you record, monitor and reconcile transactions and bank statements as you collaborate with your accountant, even if both of you are not in the same office. No worries, you can set up automatic payment reminders that will send messages to overdue clients reminding them that a payment is late or overdue. Zoho Books will even automatically update received online payments and notify you of the dollar amount received so you can better manage your cashflow. Once a payment is made you can even have the system send ‘Thank You’ messages or ‘Payment Received’ messages to the customer.

What Else Does Zoho Offer?

Accounting Accounting software helps manage payable and receivable accounts, general ledgers, payroll and other accounting activities. Business Checking Accounts BlueVine Business Checking The BlueVine Business Checking account is an innovative small business bank account that could be a great choice for today’s small businesses. Keep track of time spent on projects and effortlessly invoice your customers for your work. Send estimates, convert them to invoices, and get paid online on time. Right from negotiating deals, to raising sales orders, to invoicing, Zoho Books handles mundane accounting tasks so you can focus on your business. Zoho Books does not include payroll services, but you can add them with Zoho Payroll for $19 + $2/employee per month. One of the most-praised aspects of Zoho Books’ platform is the contact portal.

Sage 50cloud is an accounting software alternative to Zoho Books. The product is excellent with key features to improve your business, but it does have some shortcomings. Zoho also creates plans to accommodate freelancers and solopreneurs who need basic tools to track finances. However, unlike similar competitors, Zoho is not a traditional financial services provider. They have built an entire suite of tools beyond just bookkeeping to manage your entire business online in one place. Sixteen templates are available, and each allows you to choose from multiple fonts and select any color for several elements. You can add a logo and background image, select which fields to include, and edit field text.

Clients have the option to view their home dashboard, estimates, invoices, and project details and can make partial or full invoice payments directly through the portal. The best part is, you get real-time notifications about when your invoices and estimates have been viewed and paid. Zoho Books’ affordability, ease of use, exhaustive list of features, usability, and impressive customer support make it an ideal choice for small and growing businesses. While it limits the number of users, contacts, and workflows, we still consider it a good accounting solution that offers real value for your money. You can explore Zoho Books by signing up for its 14-day free trial.

Zoho Books Reviews By Business Owners

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