Zoho Finance Plus is the Best Accounting Solution for SMBs

Par - Harish
29-06-2021 19:57:57

Most small and medium-sized businesses only have two options when it comes to buying accounting software. They either have to get multiple apps from different vendors for different accounting processes, and move the data around manually, or buy an expensive accounting solution that caters to all their needs. The former is time-consuming, and the latter could be too expensive to afford.

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The Zoho Finance Suite is a perfect combination of having multiple apps in one single suite, and providing automation, and integration without burning a hole in business owners' pockets.

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Here are 5 reasons why the Zoho Finance Plus suite is perfect for your accounting needs:

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1. Automated Journal Entries

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Employees reporting expenses every week ? New stock added in the warehouse? Customers making payments on your website? All of these have to be entered in your journal, and it could become complex if you are doing it manually. The Zoho Finance Plus suite completely automates journal entries in Zoho Books for all major actions in any of the Zoho Finance apps. Imagine the time you could save!


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2. Automation across Apps

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There are many accounting processes that can be automated, like expense report submission, auto charging customers when their subscription is due for renewal, and email alerts when stock is low. The Zoho Finance Plus suite automates most accounting tasks. The rest can be automated with workflows, so businesses can get work done more efficiently.

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3. No Duplication of Data

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The Zoho Finance Plus suite might be 5 powerful apps combined together, but, in the back, they all use one single database. That means, any information entered in one of the Zoho Finance apps will be instantly updated in all the other apps. For example, if you update your organization's address in Zoho Books, that is immediately updated in all the remaining apps. This applies to financial transactions too. This way, you can ensure there is no duplication, or double entry of data.

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4. Customizable Access Permissions

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Sales teams, admin teams, and purchase teams need to report expenses on a periodic basis, and obviously not all of them can have access to your accounting application. Set up their profiles in such a way that they record and submit expense reports in Zoho Expense, and the information is automatically recorded in Zoho Books without them having to ever access it. With customizable access permissions, the Zoho Finance Suite can be used by everyone who has to use it, with confidential information restricted to only a few users.

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5. Financial Reports in Real Time

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With over 100+ real time reports (you read it right!), the Zoho Finance Plus suite ensures you have proper control over your finances. You can generate, and view instant reports of your accounts in seconds to get a clear idea of how money is flowing in and out of the organization. Have important financial reports come to your inbox every month with automatic schedulers that will mail you these reports on a periodic basis.

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If you are using finance applications from multiple vendors, now would be a great time to switch to Zoho Finance Plus, and maintain your finance data on a single platform. Talk to us to learn how you can make the switch easily. 

 

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