Free Bookkeeping Software For Small Businesses: Zoho Books

By Author: David Brown
Total Articles: 21
Comment this article

In today's times, no business can operate without leveraging the benefits of technology. The same applies to the accounting industry, which has transformed significantly in the past decade. The cumbersome and labour-intensive tasks are now out of the race and replaced by accounting software, artificial intelligence, blockchain, and other latest advancements. Although some of these technologies have existed for a long time, they were not affordable for small and medium businesses. However, cloud accounting and bookkeeping software for small businesses has changed the scenario, benefiting firms by enhancing efficiency. 

Cloud accounting has taken the accounting industry by storm. It offers access to accounting reports and files anywhere, anytime, by entering valid credentials. Thus, users can see, upload invoices, and make changes even on the go. The backup is secure and highly reliable at two or more locations. The primary benefit of these solutions is that they are pocket-friendly for small businesses. Out of the many accounting software available in the market, Zoho Books is one of the best free bookkeeping ...
... software for small businesses. It offers numerous value-adding and enriching features that benefit small businesses significantly. 

Zoho Books offers a free subscription to small firms with revenue of less than $50K per annum. This bookkeeping software for small businesses provides the following features in its free plan:

One user + one accountant: The small business can employ one user and one accountant to handle Zoho Books bookkeeping software.

Manage clients: It enables firms to manage their clients, requests, doubts, misunderstandings, etc.

Manage invoices: Businesses can handle invoices up to $1000 per annum with Zoho Books. It enables customization in creating professional-looking invoices. Firms can set automated reminders for customers who pay late. Accountants can set up recurring invoices on the software to save time. They can verify the transactions to detect inconsistencies before sending them to the customer. Adding a digital signature enhances security and prevents forgery or tampering.

Client portal: Zoho Books bookkeeping software for small businesses allows companies to accelerate the approval process, gauge customer satisfaction, share recent transactions, and capture client feedback. A secure and tangible proof through digital signatures adds authenticity and maintains customers' credibility. Convenient full or partial payment options can encourage them to pay quickly. The portal provides all the information to the client in one place. Thus, the firm does not have to look through various sources to give them what they want. Businesses get real-time access to the clients' payment status. Moreover, they can personalize their information and download past transactions without disturbing your routine operations.

Expenses and mileage tracking: Zoho Books enables users to track, categorize, and bill expenses in a single place. Zoho automatically records the payments that occur frequently. It has an auto-scan feature allowing businesses to upload and scan expenses from anywhere at any time. It eases the work of accountants. Firms can make short and long-term decisions accordingly.

Automated reconciliation: Zoho collaborates with bank and credit card companies to import transaction statements in real-time. It makes reconciliation efficient, quick, and accurate.

Manage 1099 contractors: Zoho enables payroll service providers to handle independent contractors and related tax regulations. It helps store, calculate, and maintain relevant information. 

Reports: Zoho streamlines various processes to make the accounting process efficient. It provides easy-to-use financial reporting tools. The dashboard offers crucial financial information in a single place. It lets businesses prepare financial statements anytime they want and not just the year-end. 

Read More : https://www.whizconsulting.net/us/services/online-bookkeeping-services/

We at Whiz Consulting always strive to provide what’s best for our clients. From accounting & bookkeeping services to payroll and taxation, we offer everything a business owner might need to run his business successfully. Our team of expert outsourcing accountants and bookkeepers help you handle your finances without any hassle.