When it comes to accounting, most businesses don’t want to do it themselves — and if you think your business is too small – think again. There’s a cheat sheet right here – and you can’t miss it. It brings joy and excitement to my heart when I remember the first time I discovered Zoho Small Business Accounting Software – and I want to share this experience with you.
Zoho Small Business Accounting Software presents an exquisite cloud-based accounting solution that helps entrepreneurs and freelancers to stay on top of their finances and time management. Using this app, business owners can take snapshot and nonstop accounting and payroll services at a monthly subscription cost.
Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. Here are some of the most important features, benefits, and things to consider when you pick an accounting tool for your business.
Zoho Books is online accounting software that manages your finances, automates business workflows, and helps you work collectively across departments.
Defining business accounting
Business accounting is the process of recording, analyzing, and interpreting financial transactions and information. It is the way a business keeps track of its operations. Sometimes keeping track of these operations can be difficult, which is where accounting software steps in.
Why Zoho Books is the preferred accounting software of businesses
End-to-end accountingRight from negotiating deals, to raising sales orders, to invoicing, Zoho Books handles mundane accounting tasks so you can focus on your business.
Easy collaborationWith 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.
Integrated platformAs your business grows, add more of Zoho’s 40+ apps to help you manage and run every aspect of your business from wherever you are.
Simple and affordable pricing
FREE
START NOWSTANDARD₦ 27000/month billed annually₦2700 billed monthlySTART NOWPROFESSIONAL₦ 57000/month billed annually₦5700 billed monthlySTART NOWPREMIUM₦ 87000/month billed annually₦8700 billed monthlySTART NOW*Businesses with revenue less than 50K USD per annum are eligible for the FREE Plan
Why is accounting software important in business accounting?
Business accounting involves a wide range of activities in order to capture a business’s entire financial picture. Done manually, it’s complex and time-consuming work. But accounting software has helped simplify these processes, giving business owners more time to focus on the administration and execution of their strategies.
- Automating tasksManual data entry is tedious and prone to errors. With automation, accounting software keeps manual data entry to a minimum and increases efficiency. A good accounting system requires you to enter information only once and will automatically extract your data when you need to create a transaction.
- Simplifying taxesTax time is exhausting for businesses. Manually keeping track all your transactions, calculating how much you owe, and filing your returns is a pain. Accounting software makes this process easier by keeping everything you need in one place. Your return reports are automatically prepared and you can file returns directly from your accounting system, without having to rely on a third-party app.
- Making data accessibleAccessing your financial data is easy with accounting software. A cloud accounting solution allows you to get ahold of your numbers from anywhere, whenever you wish. All you need is a suitable device, internet connectivity, and a web browser.
- Integrate with other business appsBusiness data only grows more complex with time. Integrations allow you to access and work with your data using two or more different applications from a single place. Accounting software can be integrated with online payment gateways, CRM solutions, reporting applications, and information management systems to add sales and business management functions to your accounting.
- Reduce data lossBacking up your papers and books is a difficult task, and most people aren’t willing to copy their accounts by hand. If you don’t back them up, though, you could easily lose important document. Accounting software organizes and stores data in ways designed to make your records easy to retrieve when you need them. Cloud accounting systems also have regular backups to prevent data loss.
Zoho Books is a cloud based accounting software which has been growing very fast as it offers several unique features. The best part about this accounting software is that it is easy to use and a person with very less or no knowledge of accounting can also use this software.
Although a late entrant in the space of accounting softwares, it has been growing rapidly and is expected to become one of the largest cloud based accounting software in the coming years especially for small business.
Apart from managing all the financial data, Zoho Books also helps you create estimates and invoices which you can easily share with your customers. A lot of small businesses face this problem of creating invoices and this problem has been perfectly solved by Zoho Books as it offers an easy to create a customisable solution for creating invoices.
As Zoho Books can be accessed from any device at any time, it gets very easy to manage the financial data at the click of a button.
Zoho Books comes tightly integrated with Zoho CRM, Zoho Reports, and other apps from the Zoho Finance Suite. These integrations help you extend your business capabilities without any technical assistance. Using Zoho Books multi-currency feature, your clients can accept payments from customers located across the globe. Its integration with popular payment gateways like Stripe, Paypal, and Razorpay(Indian Payment Gateway) makes it a popular choice among business owners. The payments received through these payment gateways gets captured in ZohoBooks.
Another unique feature of Zoho Books which is not available in Desktop based accounting softwares is that it can fetch all transactions from your Bank Statement and thus it makes it much easier to post accounting entries. You can easily link your bank account with Zoho Books and it will fetch all financial transactions which will make it easier for you to post them in the software.
Conclusion
Zoho SMB or Small Business Accounting Software is a FREE accounting software used for managing finances of small business owners. Zoho Accounting Software provides the right balance between keeping it simple and keeping it flexible. It is easy to use, with minimal technical knowledge needed.