For instance, it limits users to sending just 20 invoices each month and entering just five bills per month. For now, at least, Zoho Books’ only payroll integration is with Zoho Payroll, a relatively new product for U.S.-based businesses. As of July 27, 2023, Zoho Payroll is available only for businesses in 12 states, which means Zoho Books isn’t the most flexible choice for multi-state businesses that want to incorporate accounting with payroll. Some accounting software providers limit you to acceptance payments via Stripe or PayPal only. In contrast, Zoho Books integrates with more than 10 third-party payment gateways, such as Stripe, PayPal, Square, Braintree, Worldpay, Payments Pro, WePay and more.

It has one of the largest online commerce platforms of Latin Amercia and has more than 100 million registered users. Keep track of time spent on projects and effortlessly invoice your customers for your work. Stay updated on the latest products and services anytime anywhere. Like Zoho Books, Zoho Invoice is a quality software—it’s one of our top five picks for the year’s best billing and invoicing software. If you’re paying for Zoho Books, we recommend adding Zoho Invoice to your roster for enhanced billing and invoicing features at no additional cost.

• Additionally, the software’s focus on automating invoicing and payment tracking is a major selling point for businesses looking to streamline these processes.
• While setting up its automations can be confusing for first-time accounting software users, Zoho’s streamlined, automated workflows can save valuable time and eliminate redundancies.
• If you’ve been using other accounting tools, it’s also good to know that you can import (and export) nearly all data in Zoho Books using CSV.
• The last time I had an issue with my email address and they were very fast in sorting that out for me.
• If you’d rather pay month to month, Zoho starts at $20 a month instead.

Zoho Books has six plans with prices that range from $0 a month to $240 a month. All of Zoho Books’ plans (apart from its free plan) include a 14-day free trial. Users can choose to pay annually at a discounted rate or pay a slightly higher price month to month. And while Zoho Books’s cheapest plan includes a chart of accounts with journal entries, it doesn’t automatically generate those journal entries.

Best Free Accounting Software for Small Businesses

You can access all settings right from the form itself to make modifications on the fly and make the forms recurring. Completed forms appear on their own landing pages, which link to related tools, a timeline, and even the transaction’s journal entries. https://personal-accounting.org/zoho-books-review/ You can connect all of your bank accounts and credit cards directly to Zoho Books if you choose. In turn, all transactions will be automatically imported to the application, allowing easy categorization of both income and expense transactions.

• They can also install Zoho’s time-tracking app, Timer, or use the Timer browser extension.
• The reports are simple to run and can be scheduled to generate automatically.
• The platform’s sales tax features are included in the assessment of the accounts receivable, so there is no separate video available.
• The most popular package is Standard, which is $19/£12 per month and comes with up to 500 contacts, 3 users and 10 automated workflows.

I have been able to do other things while Zoho helps me send posts on social media. A wonderful suite of tools, their social media offering puts all of the accounts in one place so I can focus on operations and making my business that bit more polished. Discover what businesses are saying about Zoho Books on Techjockey. There is also a great 14-free trail that lets you try out the software to see if it actually fits the requirements of your business.

Fit Small Business Case Study

Elite is $150 per month (10 users), and Ultimate is $275 per month (15 users). Zoho Books includes good inventory management capability, though you can also use it if you sell services instead of products. Items can be tracked in different units of measurement, and you can add both the selling price and the cost price to any item entered into inventory. However, you’ll need to remember that once you create a transaction for a product, you cannot turn the inventory tracking feature off. Zoho Premium users can track time straight from their Zoho Books dashboard. They can also install Zoho’s time-tracking app, Timer, or use the Timer browser extension.

Hugh Wilson writes about business and the interface of business and technology for a range of titles including The Guardian, Telegraph, Independent, The Times, BBC and MSN. He has written a large number of articles for Top Ten Reviews about insurance matters, accounting, and some business-to-business software and appliances. The majority of complaints surround its lack of native payroll, while we could also imagine Zoho Books’ limited integrations and sometimes limited customization being a problem for some users. Because when you do, what you will find is a feature-rich solution that, in some areas, is second to none.

Cons

If you’re in search of a feature-packed software that won’t break the bank, Zoho Books should be on your radar. You’ll likely find a plan that meets your needs, especially if you’re a small or medium-sized business. However, if you can’t be limited based on users or require greater integration options, you might want to look for an alternative. Both QuickBooks and FreshBooks allow you to try their software for 30 days. They also offer more third-party integration options than Zoho, making them a better pick for scalability.

We help your organization save time, increase productivity and accelerate growth. Zoho Corporation employs numerous types of security to keep your data safe. For example, employees undergo background checks and sign a confidentiality agreement. There are dedicated security and privacy teams on board, as well as compliance staff. 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.

Overview of Zoho Books Features

A wide range of British high street, business and international banks are supported, as well as PayPal. However, support for recent digital challenger banks is very thin on the ground, with no sign of TransferWise, Shine, ING or Revolut, among others. Priced in dollars, no matter where you are in the world, Zoho Books is a very competitive option across its subscription tiers. There are three, scaled to fit micro, small and medium businesses respectively. 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.

Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. Zoho Books tracks your inventory stock level (taking into account items to be invoiced and billed), displays a list of related transactions, and provides the item’s history. It does not, however, allow you to group multiple items as assemblies. You have to buy an add-on, Zoho Inventory (starting at $29 per month) for that.

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If needed, you can upgrade to any of the five paid subscription options, with prices ranging from $20 to $275 per month. Explore other comprehensive accounting solutions for business owners in our guide to the best small business accounting software. Zoho Books is a fine pay-as-you-go cloud-based accounting option that provides you with many if not all of the tools you’ll need to keep your business accounts in good shape.

I tried the free premium trial for a month and plan to keep it – it’s very cheap in comparison to other platforms I’ve used in the past. In comparison to tools like Sprout, it actually isn’t that far off so it’s well worth the price. You will benefit from its low per-user charge and time-saving options because of automation and user customization. Besides that, Zoho Books outperforms in customer service, with real-time phone and email support, live chat, etc.