BooksTime Review

zoho accounting

The BooksTime iOS mobile app provides multiple options for working with invoices. BooksTime’ Android mobile app allows you to create, view, and edit contact records remotely.

zoho accounting

The only real drawback is that all time needs to be connected to a specified project to be tracked. The Standard plan costs $15 per month and supports three users. You can manage up to 50,000 invoices, reconcile transactions, create invoices, track mileage and expenses, and manage projects and timesheets. For an additional fee, you can set up additional users and give them only the access needed for their role. However, when you get used to the nuances, you should be able to understand the software easily. BooksTime offers a free plan and three paid subscriptions with prices that start at $20 per organization, per month and go up to $70 per organization, per month. The main differences between the plans include the number of users and invoices and the inclusion of advanced features, such as recurring payments, inventory tracking, budgeting, and custom reporting.

BooksTime Fixed Assets Video

The software is ideal for invoicing, especially international invoicing. If you are planning on purchasing more Zoho products than just BooksTime, Zoho Finance Suite could be an affordable way to get all of the features you need.

  • These credits, priced at $2 per credit, allow you to send paper invoices or estimates to both U.S. and international customers.
  • Key among Zoho’s corporate values are the company’s commitment to investing in R&D and customer service; in fact, the Zoho currently invests more in these two areas than it does in sales and marketing.
  • You can access Zoho Mail from a browser on your computer, from your mobile device, or from Microsoft Office Outlook.
  • The main difference is that BooksTime Online has more integrations, but BooksTime has better customer support.
  • It’s a fair price if you need everything it offers, considering that competitors, such as BooksTime Online and Xero, cost more for a similar range of features.

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. If you’re jumping into the accounting software pond for the first time, BooksTime can keep you afloat with three affordably priced plans ideally suited for sole proprietors and freelancers. During the initial setup, you’ll enter details about your business, including industry and business type. Then you can add tax details, or just connect to Avalara, a good idea, particularly if you sell outside of your home state. Connecting with Avalara also ensures that you’ll be taxing your customers at the correct rate.

Customer Support

Beyond the standard sales forms that competitors support, it includes retainer invoices, delivery notes, and packing slips. Invoices can contain fields for shipping charges and adjustments in addition to discounts and sales tax. Purchase transactions—expenses, bills, purchase orders, and so on—are similarly detailed and flexible. Like records, transaction forms can contain up to 46 custom fields, which is unique to BooksTime.

Get to know how much you owe and always pay your bills on time using payment reminders. The system supports barcode scanning, retained earnings and you can create price lists, which is a useful feature if you offer special pricing to certain customers.

  • Therefore, if you’d like to be able to directly integrate your payroll or pay taxes within your accounting software, you may consider another platform that will allow you to do so.
  • It is affordable and offers a simple online accounting app that lets you create and send invoices, track expenses, and seamlessly connect accounts.
  • As of October 2021, Zoho One has been expanded to 50 applications.
  • Additionally, between their mobile app and web platform, BooksTime is known as one of the most BooksTimeive, flexible, and accessible accounting software options.
  • Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews.

Most importantly, we want to highlight BooksTime’ free plan, which is available to small businesses with under $50K USD in annual revenue. Some businesses prefer having vertical-specific accounting platforms to take care of their unique needs, Zoho says. For such cases, BooksTime offers platform capabilities such as workflow automation and advanced customization functionalities.

BooksTime offers a strong invoicing feature, with high levels of customization, useful templates, automations, encryption, and deposit capabilities. 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.

Pricing Of BooksTime

Sales people armed with financial insights, credit history of customers and access to product pricing information could sell smarter and better. And that is exactly what you get with the tight integration between Zoho CRM and BooksTime; you bridge the gap between both your systems and bring about efficiency in the way you do your business. Zoho is one of today’s leading software providers with more than 13 million users from all around the world. Several products are available to help users manage their business activities, be those related to boosting sales or managing customers and finance.

These types of helpful features are found throughout BooksTime and go a long way toward making you comfortable with the application. You can also create a sales order, which can later be converted to an invoice when you’re ready to bill.

BooksTime has complete inventory tracking features for tracking stock levels. It allows you to track the cost of goods available for sale and allocate that cost between ending inventory and the cost of goods sold . You can adjust the quantity and cost of inventory, and sort out items based on product details, vendor details, and stock keeping unit . If inventory accounting is important to you, then BooksTime is a great choice.

Pricing ranges from $12 to $100 per user, per month, depending on the plan selected. Zoho reports that its most popular plan is Zoho CRM Enterprise and the price for this service is $35 per user, per month. Our priority at The Blueprint is helping businesses find the best solutions to improve their bottom lines and make owners smarter, happier, and richer. That’s why our editorial opinions and reviews are ours alone and aren’t inspired, endorsed, or sponsored by an advertiser. Editorial content from The Blueprint is separate from The Motley Fool editorial content and is created by a different analyst team.

BooksTime Project Accounting Video

There is also a great 14-free trail that lets you try out the software to see if it actually fits the requirements of your business. Thanks to the fact that BooksTime is integrated with Zoho CRM, you can also use it to follow the credit statuses of your customers, create new orders, access product pricing information, and much more. BooksTime makes sure you will deliver all projects in time without necessarily making monitoring the leader of your priorities. Simply insert your sheets and client information in the system, and bill them to customers in a second. Another thing that is really specific about BooksTime is its smart design, with extreme attention to detail and a bundle of useful functions arranged in a way that doesn’t disturb the user’s operations. The same as Zoho products in general, Books is a no-brainer to work with, and makes use of familiar navigation tools to help moving around when looking at screens full of information. Visual graphs and quick overviews of your financial data are always available on your Dashboard, while the rest of functionalities are assembled in the tabs of a vertical navigation toolbar.

You can cancel your BooksTime subscription from your BooksTime account or directly from your online Square Dashboard. To get set up, visit the Appsin your online Square Dashboard and click Get Started. We’re experiencing issues that may affect your Square services. We’ll continue to update our status page with more information. Set them up as a user with Admin rights, and they will be able to access all of the information they need. If all of the above isn’t enough, you can access help and support from anywhere in BooksTime by clicking on the Help and Support icon. If you’re new to invoicing, check out the “Life cycle of an Invoice” at the bottom of the invoice entry screen.

Another handy possibility for your clients is to accept/decline their estimates, and to comment on them. Other tools provide good subsets of the website’s data storage and transaction capabilities, like the apps’ product records, invoices, bill-pay, time tracking, reports, and projects. In fact, you could probably run your business for a while from your phone if necessary—the apps are that comprehensive. The Android and iOS versions have different navigation systems but offer a similar set of tools. The iOS app uses a bottom-of-the-screen toolbar, while Android works primarily from a vertical menu.

zoho accounting

Sometimes keeping track of these operations can be difficult, which is where accounting software steps in. Watch this video to see how accounting software can make accounting tasks easy. Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. Here are some of the most important features, benefits, and things to consider when you pick an accounting tool for Certified Public Accountant your business. Since each organization has specific business wants, it is sensible for them to desist from seeking a one-size-fits-all ideal software application. Needless to say, it would be pointless to try to find such a system even among widely used software platforms. The intelligent thing to do would be to catalog the various vital elements that require consideration such as required features, budget, skill levels of workers, company size etc.

How Does BooksTime Accounting Software Compare To Xero?

You can also add your logo and a background image, and select colors for the background, accents, your company’s name, your customer’s name and the rest of the text on the page. Other document types, such as estimates and payment receipts, are also customizable. BooksTime’ mobile app is available for iOS and Android devices.

If you have an estimate or sales order, you can convert them into an invoice with a few clicks. BooksTime offers a free financial master class, which is a series of webinars covering how to use BooksTime to monitor your finances. BooksTime also has a YouTube channel, which is filled with tutorials to help you master its platform. If you already use some of Zoho’s other platforms, such as Zoho CRM or Zoho Inventory, it’s easy to integrate with your existing account. However, if you’re hoping to integrate with other third-party platforms, it may not be the best for you.

Besides the details, there are also the aging summary and details of each category, which can provide insight on your unpaid or overdue transactions over time. In these reports, you can customize the aging interval and date range, and you can also pick which columns to display. Just like BooksTime’ payroll addition, BooksTime’ payroll platform also helps you fill out your forms, so you can go straight to filing them. You can also create an invoice through the “invoices” page under the category “sales” on the navigation bar.

The report is designed to understand key manufacturers to examine the value, sales, market share, and future development plans. It also defines, analyzes, and characterizes the market competitive landscape, Mobile Accounting Apps market trends, growth factors, and SWOT analysis. Most accounting solutions require an accountant or accounting knowledge to measure, analyze financial metrics (Balance Sheet, P&L and Cash flow) and clarity on pending activities. For a quick and real-time view of the health of your business, a glance at the dashboard would suffice.

A link to Help resources also appears in the upper-right part of the screen. BooksTime’ numerous guidance tools are at least comparable with those offered by Xero, which has some of the best support options I’ve seen. You can also contact experts via chat, phone, and email, but BooksTime does not have the massive network of experts at its disposal that BooksTime and Xero have built up over the years.

We also added a more in-depth pros and cons overview, a BooksTime competitor comparison table, and more information about our methodology. I can’t really recommend the free version wholeheartedly to sole proprietors and freelancers, in part because it doesn’t import bank transactions. https://www.bookstime.com/ They might do better with a simpler free application like Wave or Sunrise. But small and midsize businesses can benefit from the customizability built into every corner of BooksTime. New users of BooksTime can learn right away which features they should set up—and how to do so.

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. BooksTime is an BooksTimeive accounting program with full accounts receivable and accounts payable functionality. It’s also very affordable, making it the best accounting software for really small businesses.

Premium Add

Data from other Zoho applications, such as customer relationship management, customer service and inventory management, is available within Books. Companies can generate reports from the consolidated data of all these applications in Zoho Analytics.

With this plan you get unlimited invoicing, estimates, expense tracking, access to basic reports, five automated workflows, one user, one accountant access, and up to 50 client contacts. The Premium plan, Zoho’s priciest, costs $60 a month when billed annually or $70 if billed monthly. The plan expands your user number to 10 and limits your yearly invoices and bill payments to 25,000 each. It also adds some business website features and integration with Zoho Sign (Zoho’s digital signature app).

Author: Edward Mendlowitz

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