BooksTime Review 2021

zoho accounting

You can also integrate Zoho Creator with various third-party tools, including BooksTime, PayPal, Google Apps, and Salesforce. And if you need to develop mobile apps, you can use Zoho AppCreator to address that need.

zoho accounting

The accounting software you pick should let you invite users and collaborate with ease. Collecting payments is an essential part of doing business, so your accounting software should make it easy for you. Good accounting software supports payment gateway integrations, letting you collect payments online for an experience that’s easier for both you and the customer. Your accounting software should let you keep track of who owes you, how much they owe, and when the payment is due. It should also offer plus additional features like automatic invoicing, payment reminders, and automatic conversion of estimates to invoices.

You or your accountant can set up your chart of accounts, add sub-accounts, and access features such as manual and recurring journal entries in BooksTime’ Accountant feature. If you’re comfortable handling accounting transactions, go for it; otherwise, this is the area most likely accessed by your accountant or CPA. At Fundera, Randa specializes in reviewing small business products, software, and services. Randa has written hundreds of reviews across a wide swath of business topics including ecommerce, merchant services, accounting, credit cards, bank accounts, loan products, and payroll and human resources solutions.

Also, while the software can support multiple businesses under a single account, you need to pay a separate subscription fee for each organization. Read all our reviews for the best accounting software options for small businesses. If you want to keep on top of your finances, then you have to keep them organized. Zoho One gives you accounting tools to categorize transactions, track cash flows, and monitor your financial health. Zoho One gives your organization a comprehensive set of tools to organize your finances, track payables, and manage bills and expenses.

Accounts Receivable

BooksTime is our pick as the best accounting software for microbusinesses. It is affordable and offers a simple online accounting app that lets you create and send invoices, track expenses, and seamlessly connect accounts. The Standard plan costs $15 per month and supports three users – you, your accountant and another user. You can use it to create invoices and projects, track expenses, and reconcile accounts. It includes mile tracking, recurring invoicing and automatic bank feeds. Integrations allow you to access and work with your data using two or more different applications from a single place.

Is Zoho Indian company?

Zoho Corporation is an Indian multinational software as a service company that makes web-based business tools. The company was founded in 1996 by Sridhar Vembu and Tony Thomas and has a presence in seven locations with its global headquarters in Chennai, India, and corporate headquarters in Pleasanton, California.

A major plus of BooksTime is how easy it is to use, with a dashboard that is clear and simple to navigate. Like many accounting software platforms, BooksTime offers three pricing plans. If you choose to pay annually rather than monthly, you receive a discounted rate. For this category, we looked for accounting software for very small businesses – or microbusinesses – such as freelancers, consultants, sole proprietors, and individuals operating e-commerce and home-based businesses.

BooksTime Review 2021

You can then add a budget, additional users, and individual tasks, as well as up to 46 custom fields. Each project has its own home page, from which you can add hours worked and view lists of related purchases and sales. At a glance, you can see whether all billable hours have been billed; where you stand with your budget; and your profitability. You can require approvals by the project manager or client and set a maximum number of loggable hours per day. No other small business accounting website offers this kind of project depth and customizability. BooksTime’ setup walks you through a series of screens after you create an account and helps you configure some personal settings.

  • The best part is that this information is displayed in a cohesive manner, and is completely ready to be used for reporting purposes.
  • BooksTime and BooksTime share some strengths, especially their user-friendly software, highly rated mobile apps, and extensive reporting.
  • Freelancers, entrepreneurs and microbusinesses need accounting software just as much as larger firms.
  • Finally, although perhaps not as significant as the previous two points, BooksTime is also limited in their third-party integration options.
  • You can access Zoho Mail from a browser on your computer, from your mobile device, or from Microsoft Office Outlook.

You can revisit the settings options later if you prefer, though it’s a good idea to supply this information upfront. Some features, like invoices and expenses, are included on the site by default, but you can choose which other modules you’d like to activate, like inventory, purchase orders, and time sheets. The software shows you the available quantity when you enter the item on an invoice. If you enter a higher number than you have on hand, the number turns red. You can set up the system to email you a notification when the inventory drops below a certain number. If your inventory needs are more advanced – you need to bundle items, for example – you can add the Zoho Inventory app to the program for an additional cost.

The software can also help you save time and give you more flexibility by being able to check things straight from your phone. No matter what solution you choose, make sure it has the features and integration options your business needs. Another aspect of BooksTime that stood out to us is its client portal that your customers can use to discuss and accept or decline estimates, view and pay their invoices, and download account statements. If your work is project-based, you can share project details such as tasks and logged hours.

Nevertheless, with the most expensive plan capping at $29 per month, BooksTime accounting software is known as one of the most affordable on the market. BooksTime offers a strong invoicing feature, with high levels of customization, useful templates, automations, encryption, and deposit capabilities. prepaid expenses You can also create estimates that can seamlessly transfer to custom invoices or projects for added functionality. Once sent, your invoice can also remind clients of unpaid balances and allow for fast and easy online payment with credit card or ACH through the Zoho product payment gateway.

Accounting Software For Businesses

Even with their top-tier plan, the BooksTime pricing remains affordable. At only $29 per month, the Professional Plan is much less costly than top-level plans of competitors likeBooksTime or BooksTime Online. This being said, however, if you want to add another user to your account, you can purchase a user add-on, for $2 per month or $20 per year. Let’s start our BooksTime review by going through the basics of this accounting software.

What is the difference between BooksTime and Zoho Invoice?

The equation you’ll need to remember is Zoho Invoice = Accounts Receivable while BooksTime = Accounts Receivable + Accounts Payable + more You can dial the Zoho Invoice support toll free and our support folks will switch you over in no time.

BooksTime is a web-based platform that allows you to access your account wherever you have internet, as well as use their mobile accounting app for either iOS or Android. We’ll break down BooksTime pricing, features, and discuss the benefits and possible drawbacks of using this platform—this way, you’ll have all the information you need to determine what’s best for your business. Invoices – Zoho provides nearly effortless invoicing and receivables management. You can send customized statements to your clients and receive payment in multiple currencies.

Moreover, regardless of the plan that you choose, BooksTime offers a robust feature set that truly gives you the ability to automate and streamline your business bookkeeping and accounting. Regardless of which of the three plans fits your business best, BooksTime is one of the most affordable accounting solutions out there. If you need to send hard copies of estimates or invoices to your customers, you’ll need to use the BooksTime Snail Mail add-on. These credits, priced at $2 per credit, allow you to send paper invoices or estimates to both U.S. and international customers.

zoho accounting

Scalability can be an important feature of an accounting platform and isn’t something that all solutions offer. In addition to more users and contacts, the Standard Plan of the BooksTime accounting software will also allow you to create more automated workflows. With this version, you’ll be able to develop 10 automated workflows per module—meaning you’ll be able to create 10 workflows within the Invoices module, 10 within the Expenses module, 10 within the Taxes module, etc.

Recurring invoice features and saved payment details make ongoing client relationships even easier. BooksTime is an online accounting software that lets you manage your financials and banking, automate your sales and purchasing workflows, and even track time and create reports. BooksTime is one of the most affordable accounting software applications in its class, especially considering its many features, such retained earnings as inventory tracking, project management, and billable time and expenses tools. As a member of a large or remote team, you will appreciate the presence of an online collaboration suite, and you will allow clients to access invoices and estimates, and pay directly using your online client portal. As the person in charge, you will be able to accept/decline an estimate, or comment on it to arrange details.

Offer customers multiple payment options to increase your chances of getting paid on time. Knowing where your money goes is just as important as knowing where it comes from. Zoho One gives tools to manage all your payables, from vendor bills to employee expenses. Accounting can be a complicated process, and the last thing you need is an accounting system that is difficult to figure out. So pick a program that has an easy-to-use interface and is not laden with unnecessary features.

Being able to quickly develop and deploy custom applications in today’s ever-changing business climate is a critical need for many organizations. Using Zoho Creator, you can create and deliver applications to heal streamline your business processes and encourage collaboration across your organization. Indicative of many of the tools available from Zoho, one of the areas where Zoho CRM shines is integration with other tools, including those available from Zoho as well as third-parties. For instance, you can integrate Zoho CRM with Zoho Campaigns, Zoho Projects, BooksTime, and Zoho Survey, among other Zoho tools. You can also integrage Zoho CRM with Microsoft Office , RingCentral, Twilio, Ringio, Avaya, and various services provided by Google, including Gmail, Sites, and Calendar. Of course, because mobility is critical to many professionals today, Zoho CRM allows you to access your information and perform mission-critical tasks from your mobile device.

Get to track time you spend on your projects and bill them right from the app. Although BooksTime is packed with features, there are a couple of drawbacks you need to consider. That won’t matter to microbusinesses, but it may become an issue as you grow. It also has a Zapier integration, which allows you to connect to more than 1,000 third-party apps.

Apart from Texas and California, Zoho doesn’t offer payroll integration in the United States. With BooksTime, you’ll have to manually enter your payroll data into your accounting software every payday, which works against BooksTime’ time-saving automation in a big way. So if you manage employees, we recommend you look to a competitor like BooksTime or Wave instead. Furthermore, Zoho Invoice online invoice management tool is very easy to use and manages all your projects, invoices, customer expenses, credit notes payments received, and much more. BooksTime is cloud-based accounting software in which you can record, audit and analyze all financial transactions easily.

zoho accounting

From Profit and Loss statements and Inventory Summary reports to Tax Summary reports, BooksTime offers 50+ business reports required to run your business smoothly. Send estimates, convert them to invoices, and get paid online on time. Stripe, nevertheless, is not the only integration to count on when it comes to BooksTime. The robust suite of RESTful API makes this suite quite flexible and functional in all software ecosystem, and allows experienced developers to build their own apps and to test them.

There will be a toggle button for each payment gateway, toggle them on the required payment gateways. If you are not able to choose the payment gateways, please send us an email to support+ with the screenshot of the difficulty you are facing. • You can now create a credit note without mentioning the corresponding invoice number, thereby delinking a credit note from the invoice.

With three tiered versions and add-on options, BooksTime can grow with your company, allowing you to upgrade and accommodate your business’s expansion. The three BooksTime plans range in functionality, differentiating largely in the number of contacts, users, and workflows that are included within your account.

Zoho Subscription to manage your recurring invoice and ongoing customer needs. You can get 20 subscriptions how to hire an accountant for free, then scale your payment plan for more customers, more users, and increased workflows.