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Zoho books invoice template for Quality Assurance

did you know that U.S small businesses averaged 65 000 in outstanding receivables in fact 61 percent of businesses regularly struggle with cash flow Zoho books can help cut this figure down and help your business get paid but how does it stack against Heavy Hitters like zero and QuickBooks Online let's get into it hey everyone this is Jeff budiak with software connect the trusted source for software reviews research and recommendations we've reviewed dozens of accounting platforms like Zoho books on factors like ease of use responsiveness scalability and of course billing and payment automation for better cash flow Intuit ran a study in 2019 that surveyed business cash flow they found that 61 of businesses regularly struggle with cash flow U.S small businesses average around 65 000 in outstanding inflation adjusted AR small business owners on average lost out on forty three thousand dollars in new Revenue due to issues with insufficient cash flow accounting systems can help you significantly improve your cash flow with features like automated invoice emails and reminders you can watch more reviews on our Channel or head over to our review Roundup page for accounting software that link is in the description below Zoho books is just one part of Zoho corporation's larger cloud-based platform which includes a range of connected apps for things like CRM help desk ticketing email services and payroll it's a double entry accounting system which we love to see Double Entry essentially lowers your risk of record errors and allows for simple reports like balance sheets and cash flow statements Zoho books is a great fit for companies with accounting teams of up to 10 employees however it might be wise to consider alternatives if your team exceeds the size for example Zoho books supports 15 users for 240 a month while QuickBooks online's Advanced plan Sports 25 users for 200 a month their software specially excels for inventory-based businesses it allows you to track and adjust stock levels even at its most basic plan that might not sound like much but QuickBooks Online doesn't include this functionality until you upgrade to its plus plan in Zoho books you can create rules that automate sales tax calculations based upon your business's location and your customers this is a vital feature for online retailers selling to customers and different tax jurisdictions let's get into the pros customizable invoices invoicing in Zoho books is user-friendly and highly customizable beyond the visual aspects you can also modify content with custom Fields terms and conditions customer notes and more it's approachable quick books online might seem complex and confusing in comparison especially to users unfamiliar with accounting terminology and processes finally we like that Zoho books offers a free plan unlike zero and QuickBooks online and freshbooks on the other hand the software does have some cons limited inventory control though Zoho books offers inventory control it's minimal you need to upgrade to the elite plan or add Zoho inventory to manage composite items multi-channel inventory or multiple warehouses no built-in payment Gateway unlike QuickBooks zofa books does not have a built-in payment Gateway so you'll need to integrate with third-party services Zoho apps interdependency Zoho apps depend upon each other to bring full functionality to your business if you need more than just Zoho books and inventory you're better off getting the Zoho one bundle or a more comprehensive solution like netsuite Erp as of this recording here's how the Zoho books pricing breaks down Zoho books has six different plans you can subscribe to month by month or you can do annual billing to receive a discount the cheapest option the free plan offers one user and one accountant the most advanced plan at 275 a month with 15 users but most people will likely sign up for the Premium plan at 70 a month with 10 users Zoho books is pretty generous with its invoicing limits but if that's a sticking point for you QuickBooks Online provides unlimited invoicing larger businesses requiring more advanced features like global financing consolidation from multiple entities will probably need a more robust solution like Sage intact Zoho does not offer annual contract discounts but it does provide a 14-day free trial few to test before you commit to help improve your cash flow Zoho books allows you to accept direct ACH payments from your customers bank account it also has online payment gateways through platforms like square and stripe however since these are third-party add-ons they'll usually charge a transaction fee for their services for credit cards this typically ranges from one and a half to three and a half percent dependent upon the card type and Merchant category invoicing in Zoho books is user friendly and highly customizable There are 16 templates available but users have the option to create custom HTML templates they can make minor tweaks like adjusting font types colors page orientation and more you can also schedule reoccurring invoicing for repeat clients saving you time and getting you paid faster finally Zoho books offers over 50 different accounting and financial reports including profit and loss aging summary balance sheets and of course cash flow statements you can drill down to the transaction level and determine the liquidity and cash flow position of your business plus much more all this in mind I get Zoho books an 8.7 out of 10 for its customizable invoices approachability and free plan you can check out more software like Zoho books on a Roundup page for the best accounting software we list the top options out there today like freshbooks and QuickBooks online if you haven't already watch our video on QuickBooks Online for an in-depth review do you use Zoho books any features that you love or quirks that you don't let us know in the comments if you're ready to learn more about Zoho books or explore other accounting options connect with our team of software experts click on the link in the description below or visit softwareconnect.com to get started thanks again see you next time