Zoho Books is a cloud-based accounting software that helps you manage finances, track expenses, automate business workflows, and more. Its features include invoicing, expense management, inventory tracking, and a client portal. Monthly fees start at $9 per organization, and it’s best for small to midsize enterprises (SMEs) and freelancers.
Zoho Books Pros and Cons
Can be set up in minutes
Reporting system needs improvement
Excellent customer support team
Not ideal for novice users due to overwhelming features
Comprehensive invoicing system
Who Zoho Books Is Best For
- SMEs: Zoho Books helps you track expenses, manage projects, raise sales orders, and manage customer relationships, among others. It lacks a fixed asset management functionality, which can be a drawback for enterprises that handle large amounts of assets and investments.
- Freelancers: It lets you track billable hours and raise invoices to your clients directly from the platform so that you can get paid faster.
Zoho Books Pricing
Zoho Books’ pricing page shows three plans with monthly fees that range from $9 to $29 per organization. The plans vary in terms of the maximum numbers of users and contacts, the numbers of automated workflows or modules included, and the availability of advanced features like purchase orders, inventory management, and a custom domain.
Looking for a company that scales as you grow? Check out QuickBooks.
*You get two months free if you subscribe to an annual plan.
It offers the following add-ons: user seats ($2 per month, per user, or $20 per year, per user) and 50 auto-scans per month ($5 per month or $50 per year).
Basic supports up to two users and 50 contacts, and it includes five automated workflows. Its features include bank reconciliation, custom invoices, expense tracking, projects and timesheets, recurring transactions, sales approval, budgeting, and Zoho Sign integration.
Ideal for three users with up to 500 contacts, Standard includes 50 automated workflows or modules. It has all of the features in Basic, in addition to bill management, vendor credits, reporting tags, purchase approval, and Twilio integration.
If you have more than 500 contacts, then this plan is for you. Designed for up to 10 users, it contains all of the functionalities in Standard plus purchase and sales orders, inventory management, and a custom domain.
Zoho Books Alternatives 2020
Businesses that want the most widely used small business accounting software that scales as they grow
Solopreneurs and freelancers who need to streamline customer invoicing and payment collection
Businesses in the nonprofit, manufacturing & distribution, professional services, contracting, and retail industries
Zoho Books Features
To help you understand Zoho Books better and decide whether or not it is for you, I have discussed some of its most notable features.
Record your customer bills and keep an eye on your expenditures, from your office supply expenses to your employees’ daily allowances.
Organize and effectively manage your inventory by capturing essential product details, such as product cost, product image, stock-keeping unit (SKU), vendor details, and stock on hand.
Take the pain out of project management with the help of Zoho Books’ project expenses recorder, time tracker, and role-based access function.
The client portal enables your clients to update their information, make bulk payments, and download and print previous financial transactions and then share them with their contacts. Conversely, it lets you share positive feedback on social media channels, share quotes with your clients, and free yourself from sending invoices.
Most Helpful Zoho Books Reviews
Users who gave positive Zoho Books reviews like that it can be set up in just a few minutes. Others commended its excellent customer support, while some noted that its invoicing functionality is awesome. Meanwhile, those who left negative reviews said that its wide range of features can be overwhelming for novice users and that its reporting system needs improvement.
Can be set up in minutes
“The best thing about this product is that you do not need courses or manuals about accounting. You can set it up in a matter of minutes, start managing your finances, and have a support team and resources that can clarify your doubts. Zoho Books can help track your payments with an automated payment reminder.”
—Juan Guillermo Vestweber Rincones
Features can be overwhelming
“It is not the right software for novice users looking to manage a financial system for the first time. This is particularly because Zoho Books offers a lot of features and small to large configurations that need to be done to maintain a desirable workflow to perform all tasks in the best possible way.”
Zoho Books Frequently Asked Questions (FAQs)
Does Zoho Books have a mobile app?
Yes, it does. You may download its mobile app on Google Play, the App Store, and the Microsoft Store.
Do I need to commit to a long-term contract?
No, you don’t. Zoho Books only offers month-to-month and annual contracts and nothing beyond that.
What payment options does it accept?
Zoho Books accepts all payments made with Visa, Mastercard, and American Express credit cards. However, if you have an annual subscription, then you may pay via PayPal or wire transfer.
Our Top Accounting Software Provider Picks
If you aren’t sure that Zoho Books is right for you, then this article on the 4 Best Accounting Software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on features like detailed financial statements, invoicing, and bill tracking.