Right from creating multi-currency invoices to managing multiple bank and credit card accounts,Zoho Books does it all. In addition to its free plan for businesses with annual revenue below $50,000, Zoho Books has five paid plans that fall anywhere between $20 per month and $275 per month. Zoho Books is probably the most powerful cloud-based accounting software with a wide range of features that'll . START MY 14 DAY FREE TRIAL. With plans starting at $15 a month and maxing out at $70 a month, its now more expensive than both Xero and FreshBooks. In this manner, updating the dashboards and data will not just be a one-person job. Has audit trails and offers easy accountant access; less popular than competitors like QuickBooks Online and Xero. Contact import: The software doesnt allow you to import contacts from your social media sites. Zoho does have a free plan for businesses with an annual revenue of less than $50,000, which can be a great solution if you have a startup, sole proprietorship or home-based business that needs a basic accounting system. Zoho Books also has an excellent client portal where you can convert estimates and quotes to invoices, collect payments, and collaborate with your clients. Additionally, if you have any issues or questions, you have not one, but three different ways to contact their customer service team, as well as the ability to use any of their self-service resources online. Zoho Books vs QuickBooks (2023 Comparison) - Forbes It is just armed with thoughtful and powerful features that can help you avoid embarrassing accounting blunders. Zoho Projects supports knowledge-sharing among team members as it is a crucial part of teamwork. Pros and Cons of Zoho Books 2023 - TrustRadius You can get real-time updates on your product while on the field via the mobile app. All B2B Directory Rights Reserved. Moreover, with four plans to choose from, QuickBooks also gives you notable scalability and with their top-tier plans, some of the most advanced features availableincluding project profitability tracking, inventory tools, up to 25 users, and more. While Zoho excels in the customer support department by offering phone and email support, live chat and a wealth of website resources, its free trial is only 14 days. Starting with the positives, here are four advantages to Zoho Books to consider: Zoho Books not only offers four plans to choose from, but they offer a free plan with impressive features that rivals some of the paid entry-level plans of competitors. Reports Keep the money coming in with Zoho Books. Desktop-based accounting software with cloud-connected features. Despite the fact that Zoho Books has fewer reports than some of its competitors, the softwares invoicing capabilities, inventory management features and mobile app compete with those of QuickBooks Online. She's worked closely with small-business owners in every industryfrom freelance writing to real-estate startupswhich has given her a front-row look at small-business owners' struggles, frustrations, and successes. It also supports long-term follow-up with clients using the rules-based scheduling feature. If youre a new business owner who needs a no-nonsense accounting system, then the Zoho Books Free Plan may be perfect for you. Former Business.org staff writer Kylie McQuarrie has been writing for and about small businesses since 2014. Zoho Books Review: Pros, Cons & Pricing of the Accounting Software This information may be different than what you see when you visit a financial institution, service provider or specific products site. Therefore, lets take this opportunity in our Zoho Books review to explore some top alternatives. Constantly on the go? To create an account, youll need to share your business location, company name and email address. Zoho Books Reviews - Pros & Cons, Ratings & more | GetApp Integration: The software offer website integration with forms and CRM workflow management. Zohos cloud-based accounting software has one major flaw that makes it hard to recommend to businesses with employees. You can save time and effort as it has features that automate your business workflows. If this sounds like a hassle, well, that's because it is. Get all your contacts in one placefor easy communication. Ratings are based on weighted averages of scores in several categories, including scope of features and integrations, customer support and cost, among others. These seemingly disparate processes are usually being managed by different applications. Similar to QuickBooks Online and Xero, Zoho Books paid plans also include reporting tags that allow you to track transactions by location or department. $15 per month and up. $48.17 per month (when paid annually) and up. It also adds some business website features (like a custom domain) and integration with Zoho Sign (Zohos digital signature app). Similar to their lack of payroll services, compared to competitors, Zoho does not connect with nearly as many third-party tools as platforms like QuickBooks or Xero. Because Zoho Books doesn't have an easy payroll solution. As a result, we can't really recommend Zoho Books to companies with more than a handful of employees. By signing up, you agree to our Terms of UseandPrivacy Policy. Here are three points to keep in mind: Although Zoho Books gives you four plans to choose from, they do restrict the number of users you can have on your account. Even though you can add more users by paying a monthly or annual fee, the Enterprise Plan even caps the number of users included upfront at 10. As this is just a module, it is not as powerful as standalone inventory software. The module also records changes in your inventory in real-time, and you can set reorder alerts. Bank of America, Rolls Royce, and even the State of California are three world-famous entities that have bungled their books. Businesses that need more than Sage Accounting can offer, like job costing, advanced budgeting or . Read Review. Therefore, with each of these Zoho Books options, youll have access to impressive functionality. For instance, theres Zoho Projects for project management, Zoho Inventory for inventory management, Zoho CRM for customer relationship management, and Zoho Expense for expense tracking. You really don't have to be an accountant to use Zoho Books. Zoho CRM Review 2023: Features, Pros & Cons - Forbes The app is more popular among Android users, though: on Google Play, it averages a rating of 4.5 stars from more than 7,000 users. 5202 W Douglas Corrigan WaySalt Lake City, UT 84116. To rank Zoho Books and calculate our star rating, we evaluating its strengths and weaknesses in several key areas: We weighted each category equally and considered our accounting expert's opinion to calculate our star rating. This decreases the risks for incorrect transactions resulting in losses. There are payment reminders so you can chase payments easily. Its your call and Zoho Books has you covered. Another spreadsheet mishap is when London Olympic staffers entered 20,000 in a cell instead of 10,000. For comparison, QuickBooks Online also caps the number of users you can have. Source: National Small Business Associations 2018 Small Business Taxation Survey. Zoho Books. Lead management: Zoho allows you to track inactive leads from the historical data and re-draft messages aimed at attracting and engaging customers. If you have employees and want to cut out manual data entry between your accounting and payroll programs, Zoho Books probably shouldn't be your first choice. See more details on the competition in our full roundup of the best accounting software for small businesses. It allows us to maintain our current accounts more effectively than spreadsheets. This is why Zoho Books has an approval feature to increase your security. Well help you decide with our ultimate Zoho Books review. 9. We can wait. Like many SaaS, Zoho Books also allows you to create roles-based access. FreshBooks Accounting Data as of 4/25/23. You'll also save quite a bit of cash if pay annually rather than month to month. But lets go beyond pricing and basic features and look at the pros and cons of Zoho Books. MORE: Best invoicing software for small businesses. Once you start working, you just click on the widget and it will automatically track your billable hours and minutes. We encourage you to research and compare multiple accounting software products before choosing one. The Standard Plan includes a Twilio integration, vendor credits and purchases approvals to name a few upgrades from the Basic Plan. You can also let your customers choose how they will make their payments. So how do we make money? With it, you can send customized and recurring invoices, accept online payments, and track the time you spend on each project for more accurate customer billing. However, its top tier plan allows for 25 collaborators. However, with tiered plans that increase in functionality, the Zoho Books plans can give you the opportunity to grow within one accounting software and as your business expands, manage more of your processes within one place. Standard Plan subscribers pay $19 per month per organization but only get 3 users (2 users plus 1 accountant). Likewise, if you own a startup or are just trying to figure out how to migrate your manual processes to digital and the cloud, Zoho products are a good bet for you. You can write to us at support@zohobooks.com and we'll get back to you. NerdWallets accounting software ratings favor products that are easy to use, have a robust feature set and can grow with your business. (On the other hand, if you dont need a full suite of accounting features, Zoho Expense and Zoho Invoice both have lower starting prices than Zoho Books.). Zoho is a reliable and one of the best CRM solutions in the market. You can add your businesss logo to invoices, customize the font, convert estimates and automatically send payment reminders to clients. Zoho Books also has an inventory management module. Bad judgment is one but also a spreadsheet boo-boo is another. Zoho Books - Zoho Corporation We can wait. While the cheapest plan doesnt include any workflow automations, it does automatically update your bank feeds, allow for bulk updates, and set recurring expenses. 7. This being said, even if you have an accountant or bookkeeper managing the majority of your finances, its important that you can easily access and utilize your accounting software if necessarymaking usability a top benefit of Zoho Books. Help & Support | Zoho Books You can easily add colleagues on the platform with given roles and permissions. Zoho Books Review (2023): Features, Pros & Cons - Forbes One of the most notable benefits of this baseline version of Zoho Books is its extremely affordable pricing. Plus, you can connect third-party apps thanks to Zohos open REST APIs. If you pay for the subscription yearly, you get 2 months off. 3 Disadvantages of Learning Zoho Tools on Your Own - Marks Group We are committed to sharing unbiased reviews. The dashboard will give you a clear view of your highest expenses, total receivables and payables and sales. Read more. Zohos pricing is a real strong point. The vendor offers a 14 day free trial. If you want to go with Zoho Books for your inventory management as well, you can view your product details completely. Set up payment reminders. Create invoices in seconds Chase payments easily with payment reminders Give your customers the online payment option and get paid faster Learn more Simple and affordable pricing Hey! 4. The plan expands your user number to 10 and limits your yearly invoices and bill payments to 25,000 each. Youll also be able to link one or several bank accounts to important transactions and categorize them automatically for fast and easy reconciliation. /month If you want toautomate your businesss accounting processes even further, you can consider using the Zoho Books auto-scan add-on. There is no need for double data entry. Hillary is a QuickBooks-certified small-business writer at NerdWallet. Remember, though, that it's hard to declare one accounting software better than the other: what's right for your company might not be best for someone else's. Randa has written hundreds of reviews across a wide swath of business topics including ecommerce, merchant services, accounting, credit cards, bank accounts, loan products, and payroll and human resources solutions.. The SaaS has also an online payment option to make paying easier for your customers. Keep it clean. Less scalable products are typically simpler, but diminished functionality can cause headaches down the road for growing businesses. Send quotes, convert them to invoices, and get paid online on time. You may find that a Zoho Books competitor can better fulfill your accounting needs. All Standard plan features, plus the following: All Professional plan features, plus the following: All Premium plan features, plus the following: Print shipping labels and track shipments. Our partners cannot pay us to guarantee favorable reviews of their products or services. Zoho offers several plan options but restricts the number of users you can have on your account. Zoho Books allows you to create invoices in no time. Stay updated on all the features we release in Zoho Books. Zoho Books is your one-stop platform for managing your accounting tasks and organizing your transactions. As part of the Zoho One suitewhich includes over 40 integrated business operations appsZoho Books is the accounting-specific software designed to help small businesses manage their finances, automate workflows, and work cross-functionally between different parts of the business. ), A recent pricing update means that Zoho Books is no longer one of the cheapest accounting software options out there. Please try again later. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies. Save my name, email, and website in this browser for the next time I comment. Zoho Books Software Reviews, Demo & Pricing - 2023