10 Reasons to use ZOHO Books for Indian SMEs
Managing finance for SMEs is actually one of most important aspect. A large number of them outsource to a Chartered accountant the annual returns but on day to day basis even a small business wants to be in control of
- Revenue – Efficient Invoicing
- Compliance – Taxes payment, adjustments and filling
- Receivables & Payables (Collections management and Payments)
- Easy Banking and Online and Cashless payments
- Inventory Control
- Projects Accounting
ZOHO BOOKS is one comprehensive product that online accounting software that manages your finances, keeps you GST compliant, automates business workflows, and helps you work collectively across departments.
It’s is a smart modern user interface (UI) that computer and internet savvy users can easily adopt. Let’s us understand what makes it so suitable to SMEs.
1. Online accounting Software – Cloud (SaaS) based
You need not be on your desk or carrying your laptop in all places. All users and your chartered accountant can access it online using internet from anywhere. This makes your finance operations very flexible and efficient.
2. Reduces data entry burden
Connect your bank account or credit card and fetch all transactions automatically. Also, simply email or upload your receipts, bills, or purchase orders into Zoho Books and it extracts key information ready to be converted into transactions. Hence, reducing your manual data entry efforts.
3. Powerful Banking integration
Depending upon the bank, you will be able to:
- Fetch direct bank statements.
- Pay Vendor Bills.
- Initiate cross-border payments
- Stay on top of your account activities
- Expedite transaction matching
- Streamline bank reconciliation
Right now you have following bank options. More are in pipeline of seamless integration with ZOHO Books.
4. No Multiple licenses – One platform for all users and Auditors
Being cloud (SaaS) based accounting Software, with ZOHO Books your finance and accounts team can collaborate with colleagues and your CA, with complete financial data integrity, controlled access for the users who need it. It’s one single account on cloud where users and auditors (CA) can login through normal internet. Your Accounting Software is up to date all the time of year. No need of multiple licensed software and addons to manage remote logging from far places.
5. Sound sleep no hassle of Backup and Security
ZOHO cloud platform offer 99.99% uptime. Hence your backups are assured automatically with your financial data will be available 27×7. Cloud based Software are very secure as security is top priority in today’s competing cloud businesses.
6. GST compliant
To manage your business finances, your GST compliance is very important. ZOHO Books makes GST filing, effortless, all with a single software product. You can reconcile your transactions, file your GSTR-1 at the click of a button. Similarly it automatically consolidates them in your GSTR-3B for your purchase transactions and expenses.
7. Managing Inventory and Project accounting
A smart inventory management is a most required feature for all SMEs dealing in goods trade. ZOHO books gives you a complete inventory management to help you organize your inventory with vital information like SKU, product image, vendor details, cost, and stock on hand to help replenishing them.
Many service industry organizations are involved in projects. ZOHO Books makes project management easy by giving you access to feature like logging time, role based access to track time, recording expenses for the projects, and raising invoices directly from the project.
8. Modern reports concept
The reports feature in ZOHO Books is advanced. View dashboards, reports and charts covering all your receivables, payables, inventory and more. You can use your report data to make inferences and create robust, up-to-date business plans. You can share reports, view reports on mobile, make effective decisions.
9. Online Payments
ZOHO Books provides multiple payment gateway integrations. Choose one and start collecting payments instantly. ZOHO Books allows you to auto-charge for recurring transactions. Collect payments automatically on a weekly, monthly, or yearly basis.
Some options are listed here
There are more payment options being made available as we progress. RazorPay and Easypay has become most popular with E-commerce in India.
10. Automation & Integration
Automate tedious, high-volume, and error-prone tasks with ZOHO Books, from capturing complex business workflows to chasing customer payments.
ZOHO Books also seamlessly integrates with ZOHO CRM and other ZOHO products. With other third party products it can offers an API based integration and hence can be used effectively in many situations.
ZOHO Books is indeed a intuitive, easy to use complete finance and accounting Software that fits the fits the bill with lot of advanced features for Indian SMEs and helps them become efficient and competitive
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