Zoho Accounting is a powerful cloud-based accounting software designed to help businesses manage their finances effortlessly. Here are the top features of Zoho Accounting you need to know:
Invoicing Billing: Zoho allows users to create and customize professional invoices, automate recurring invoices, and set up payment reminders. You can also track payments and offer multiple payment gateways for convenience.
Expense Tracking: Easily categorize and monitor all your business expenses. You can upload receipts, track billable expenses, and even automate recurring payments.
Bank Reconciliation: Zoho integrates with your bank to automatically import transactions. It simplifies bank reconciliation by matching payments with recorded entries, helping to maintain accurate financial records.
Project Accounting: Manage projects and track associated income and expenses. Zoho allows you to create budgets for projects, track billable hours, and send project-specific invoices.
Inventory Management: Keep track of your stock with Zoho’s integrated inventory management system. You can manage goods, set stock levels, and automate reordering, ensuring you never run out of essential items.
Financial Reporting: Zoho offers customizable reports such as balance sheets, profit loss statements, and cash flow reports. These provide real-time insights into your financial health, helping with data-driven decision-making.
Multi-Currency Support: If you conduct international business, Zoho’s multi-currency functionality is essential. It allows you to invoice and accept payments in different currencies, automatically adjusting for exchange rates.
Tax Compliance Filing: Zoho Accounting helps you stay compliant by automating tax calculations, generating tax reports, and even preparing tax returns. It simplifies sales tax, VAT, and GST reporting.
Automation: Save time by automating workflows, such as payment reminders, invoice generation, and approval processes. Zoho automates routine accounting tasks, reducing manual work.
Mobile Access: The Zoho mobile app allows you to manage your finances on the go. You can send invoices, track expenses, and review reports from any mobile device, providing flexibility and ease of use.
Third-Party Integrations: Zoho integrates seamlessly with a wide range of third-party apps such as payment gateways (Stripe, PayPal), CRM systems, and project management tools, enhancing its functionality.
Client Portal: Zoho offers a dedicated client portal where customers can view their invoices, make payments, and track transaction history, improving client communication and transparency.
These features make Zoho Accounting an ideal choice for businesses looking for a robust, flexible, and scalable accounting solution to streamline their financial processes.
