Have you ever imagined or visualized your business succeeding and thriving because of one good software?
Activities like keeping a track of all your bank accounts, manual expense management, or expense tracking feel very overwhelming. This feeling can be managed by using a good accounting solution.
Well, it is all a matter of selecting a smooth-functioning application, the sooner it comes into the picture, the sooner it makes a difference!
Any organization needs accounting software for making financial reports, track expenses, making professional invoices, inventory tracking, etc. Zoho books have all of these powerful features in their software which are suitable for small and mid-sized businesses, but sometimes the software gets a little expensive, as the basic plan doesn’t have all the advanced features
To make it feasible for you, we have compiled a list of Top 8 Alternative to Zoho books recommended by experts and successful business owners from all around the globe.
You will be enlightened on how these are more reliable alternatives for your business needs.
An online accounting software, Zoho Books has a successful and modified business model, but have you ever wondered why it is still not the first preference of companies?
The reason being some of the persisting drawbacks in its competency.
So first, let’s discuss some major problems with Zoho books.
- Who should use Zoho?
- Major drawbacks and problems – Zoho
- Top 8 Alternatives to Zoho
- Which accounting software is the best?
- Conclusion
Who should use Zoho books?
Zoho books aims to extend services to small and medium-sized businesses searching for a platform to generate their revenue and expand their services so it is easily accessible to the target audience.
Major drawbacks and problems – Zoho books
Despite being one of the most established companies around the world, Zoho books CRM application certainly entails a few drawbacks and disadvantages that is hampering its possibility of backing up additional clients.
Go through the section below to know major drawbacks of Zoho books
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Too much customization –
If you are starting your business, you will need an algorithm in your accounting software that does not make accounting tasks like financial reports, expense tracking, etc to be less complex but is easily operable. While operating Zoho books CRM, a great deal of personalization is required for it to commence or get started. This wastes an ample amount of time and increases its complexities of it making it tough for the user to use it.
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Bad customer support –
While using the app, if there are any technical difficulties you are facing you would want a fast and effective solution to your problem. It offers quite a restricted amount of customer assistance and support, leading to consumer dissatisfaction. There are a lot of bad reviews from customers regarding this issue, this kind of service spoils the user experience.
- In order to generate and avail maximum number of conversions, the forms are not enhanced or upgraded. Zoho books CRM provides a lot of modified features but as the requirement or demand inflates, the profundity of their functionality turns out to be reasonably confined.
Top 8 Alternatives to Zoho books
Picking up the best software that resonates with your vision is an extremely crucial decision especially when sustainability of your business is dependent on it.
Here are 8 alternatives:
1. ProfitBooks
One of the most significant assets of Profitbooks is its comprehensive finance tracking system which helps us in managing expenses and other transactions. This app offers pricing at $15/month Or Rs.499/month. It is extremely popular in India.
Profitbooks app provides the most magnificent and trustworthy bookkeeping service, especially curated and designed for business owners who wish to outsource their accounting operations. This service instills a sense of liberation to focus on your business. As you will be updated with reconciled books with utmost precision by the end of every month.
Apart from having an enormous tracking feature, it has great Inventory Management. The software is extremely user-friendly and has a wide range of features like inventory management, invoice creation, etc accessible to all users even in the free version
2. Quickbooks
Pros: A prominent characteristic of Quickbooks is that it has a developed backup feature which ensures our financial data is supremely safe and secure. The pricing of this tool is between $25 to $180 every month and is mostly utilized in the United States. It is a highly adaptable software.
A cloud service is offered by Intuit known as QuickBooks Online (QBO). In this service, the user pays a subscription fee on a monthly basis rather than an immediate fee and has exclusive access to the software via a Web browser which is a secure logon.
Cons: Although, there have been several complaints regarding logistical issues, like the system crashing down.The indian operations are also shutting down in April 2023
3. Xero
Pros: Xero makes the process of collaboration between businesses and their financial advisor, bookkeeper and accountant effortless and straightforward. Xero offers the basic level plan at $22 and is very popular in New Zealand.
For a more personalized approach, there is a diverse range of add-ons which can be downloaded depending on your business need. There is an online course available to help you get acquainted with the basics of Xero.
Cons: A serious drawback of Xero is it does not avail the Time Tracking feature in its standard and starter plans causing a major inconvenience for freelancers and new businesses to operate it.
4. Tally
Pros: Tallys most popular and successful version is Tally ERP 9. It enhances the flexibility of business applications. It offers two pricing plans: Silver at $630; Gold at $1890 and is popularly used in South Asia & Central Asia. It is mostly preferred by the banking sector to look after deposits and manage accounts of customers.
On top of these features, it is a multilingual software which is operable in diverse languages. While distributing salaries to employees it keeps finance records for availing bonuses, deductions etc.
Cons: However, there’s a lack of security as once you forget the password, it is hard to retrieve it.
5. Freshbooks
Pros: One of the major reasons why most small businesses prefer to integrate their payments to this app is solely because of its plain and simple intuitive interface. The monthly charges are between $7.50 to $27.50. It is popular in Canada and the US.
Freshbooks offer comparatively cheaper packages than other accounting softwares and most commonly used in. They even avail a forever free option for small business although there is access to limited features in this plan. Freshbooks sophisticatedly manages front-end accounting.
Cons: A disadvantage is that there aren’t any quarterly tax estimates.
6. Wave
Pros: A cloud-oriented software in which there is no concern of damage or threat to your data even in unexpected circumstances. The pricing of this tool is from $20 to $149 monthly for premium. It is commonly used in the US and Canada. Wave accounting tool makes it possible to handle multi currencies very conveniently.
This app makes reconciliations and bank uploads fairly easy. Wave does not charge or demand any start-up or monthly charges from small and medium-sized businesses.
Cons: A major drawback is that live chat support is exclusively available for paid services only.
7. Sage One
Pros: Sage One is considered a good app as it enables us to access the convenient and smooth dashboard, which is reinforced by extensive data visual representation of transactions. The pricing ranges from $10.00/month to $25/month. It is preferred in countries like UK, China, etc. It presents a graphical representation of their finances, sales, status of cash flow.
To monitor the data, so you can access it through a mobile phone by just logging in credentials. It also lets users connect with the customers and clarify their queries.
Cons: A big drawback is Sage CRM does not perform well with third-party applications.
8. MYOB
MYOB ensures credibility by not letting any fraudsters collaborate with their company. They have strict screening criteria for that. The pricing varies between $14.00 to $18.00 monthly. It is most commonly used in Australia. MYOB’s features and capabilities assist in minimizing bookkeeping errors by enabling sums to be computerized rather than performed manually.
This assists business owners in reducing overall the margin for human error. The majority of these Accounting technology solutions manage paid leave off by keeping a record of how many sabbatical and sick days employees have accumulated and how many they have used. However, there have been reviews about the unprofessional behavior of customer service employees.
Which accounting software is the best?
Hang in there budding entrepreneurs, as we have made your job easier by choosing the best software for your business.
To grow your business, we would recommend you to consider Profitbooks as it has adopted a more holistic and business-friendly approach as compared to any other app. Profitbooks allows its users to use a variety of features in its free plans are well as professional plans.
This app plays a crucial part in enabling you to sort and classify office finances and keep you posted on all the occurrences related to your business status.
ProfitBooks will give you an upper hand as it stores your data on the protected and well-known Amazon Web Services (AWS).
We all enjoy free services right? Keeping that into consideration, Profitbooks has availed cheaper pricing packages and a forever free start-up plan which would be affordable for businesses who are just starting out.
ProfitBooks is well-known for its functioning components such as accounting and taxation, availing numerous users to log in, position-oriented access, tax management, Reporting as well as Analytics.
Only after conducting a proper and thorough analysis of Profitbooks app have we concluded it is the best possible option available in today’s market!
To know more about ProfitBooks, dont forget to check the Profitbooks website to explore its features and various packages. Wish you all the luck for your venture!
Conclusion
Are you spending your days going through the internet searching for a perfect accounting app to commence your business venture?
But due to the plethora of options available in the market, it gets a bit overwhelming and confusing for you which one to choose?
Find out how ProfitBooks can help you with your accounting needs! Create your account for free today.
