Welcome to Startup Savan’ts Zoho Books Review where we breeze through the basics of this easy-to-use accounting software helping entrepreneurs, small-biz owners and freelancers keep their financials in order. Although it’s not as popular as Xero, Zoho Books has some very solid features. Let’s go through those first in a pro/con fashion so you can starting getting the gist. Enjoy!
Popular Zoho Books Features
Zoho Books Pros
- Create as many invoices as you need then customize and send them to your clients for easy billing.
- Has an inventory tool that allows you to keep track of your orders, conduct inventory and reorder levels.
- Managing your tax is quick and relatively painless because you can tax-exempt customers and make adjustments for your business.
- Allows you to record bills in one place and create payments on time.
- Has a bank reconciliation function that allows you to manage your transactions, sync bank accounts and credit cards and categorize them.
- Has a time-tracking tool that allows you to bill the number of hours you’ve worked.
- Generates automatic reports to help you determine the specific statistics of your business.
- You can create and add manual entries to Zoho Books.
- Automatically produces financial reports such as Profits and Losses, Cash Flow Statements, Balance Sheets and tons more.
- Has the ability to run multiple businesses in one account.
- Provides you with useful learning resources such as guides, webinars and more.
- Offers one of the most affordable accounting plan in the industry with prices between $9 to $29 every month.
- Has a 14 day free trial which you can use to test their services before moving on to Zoho Books paid plans.
- Supports all kinds of devices from Android, iPhone-iPad, Windows, Web-based and Windows Phone.
- Zoho Books is cloud-based so you can use the software anytime as long as there is an internet connection available.
And finally, two big hits are the multi-country and multi-language features so no matter where you are in the world, what nationality you are, and whether or not English is your first language…you’re covered. A fair amount of other accounting software solutions don’t have these. Now let’s get to the handful or “cons” although we don’t mean anything negative here.
Zoho Books Cons
- Some users feel Zoho Books has a somewhat complicated interface, but to be honest this is common among most. Even Xero which is our favorite.
- If you’re processing tons of data or huge files the software can get sluggish for some (consider computer power).
- Multi-currency tool is a little weak and it may not be very suitable for large businesses since it only limits 10 transactions.
- Zoho Books doesn’t currently have a mobile app, which some feel is critical.
A Quick Look Inside Zoho Books
Now, with all those bullet-points on the table let’s take a closer look inside the software through a handful of screen shots. These will give you an idea for how it behaves and feels to use. Most people judge their accounting software based on style of data-presentation, or rather, how easy data is to understand and implement.
Pretty simple and straightforward without endless spreadsheet-style data. The graphs are sleek and the overall dashboard is considerably streamlined. And yet STILL, people without much savvy find it challenging at first.
The screen shot above shows you where you can sync your dedicated business bank accounts to let the software collect and work its magic. Here’s what the account looks like through your dashboard banking section.
The invoicing is very quick and easy as well, along with sections for credit notes, orders, payments received, etc. Notice the little details like overdue notices with time, data, streamlined details so you can scan and easily find things or sort them. Nice!
Zoho Books Pricing & Package Options
As you can see below you’ve got three options depend on your needs/platform: Basic, Standard and Professional. So they’ve broken it down by the amount of contracts you have available per package along with users and workflows.
Zoho Books offers two types of subscriptions: monthly and yearly. If you choose the yearly subscription, you’ll be able to take advantage of their discount so instead of paying for 12 months, you’ll only pay for 10 months. Regardless of which option you choose, you can start and stop your subscription anytime. Zoho Books will not require you to sign up for a certain contract period. You’re free to go as you please.
Zoho Books Is Right For You if…
- You’re not very experienced or you have zero accounting-savvy managing finances.
- You want to keep track of your business progress through validated financial reports.
- You need help in creating reports such as balance sheets, profit and loss statements and statement of cash flows.
- You want to get rid of using the traditional way of keeping your records and go virtual (outside the app-sphere).
- You need new accounting software because you’re currently using an outdated kind or version.
Zoho Books is great if you're just starting as an entrepreneur, but in our opinion, Xero has much more to offer for equally competitive prices. At the very least if you haven't quite decided, check them and their package options out as well.
Discover Xero Or Try Zoho Books