Do you know which is the underrated yet one of the most powerful and promising tools that play a great role in the success of a thriving business? It is a well-functioning and efficient software for all your business needs. Accounting software that meets all your business requirements helps the business to stay on top of its finances.
If youre new to the world of business accounting software and want to choose the right business accounting software for your business, you happen to be at the right place.
Heres us with a brief and detailed comparison of two of the popular accounting software out there; Zoho books and Quickbooks.
Accounting software proves to be a solution for bookkeepers, accounting professionals, business owners, or freelancers, to manage their accounts and their transactions.
In this article, we have got everything that you need to know about these two software so that you can easily decide whats best for you. Well dive into features, pros and cons, pricing, support network, and other factors that can help you determine which accounting software is worth the investment for your business.
- Zoho books and Quickbooks in a nutshell
- Parameters used to compare the software
- Pros and Cons of Zoho books
- Pros and Cons of Quickbooks
- Heres why you should use Zoho books
- Heres why you should use Quickbooks
- Support Network and Customer Service
- But how much will it cost you?
- Why ProfitBooks is a better option?
- So which software to go with?
What are Zoho books?
ZohoBookss is a popular and user-friendly cloud financial platform that aims to take care of your business finance. With features like core accounting, stock tracking, bank reconciliation, automated workflow, and a lot more, Zoho books help you know how your business is doing at any time and let you improve its financial health.
What is Quickbooks?
Quickbooks is one of the most popular small business accounting software applications on the market today. This web-based accounting software helps your business in many areas such as payroll, invoice management, expense tracking, bookkeeping, etc.
As always, to offer you an unbiased view of these two of the top accounting software, we have done our part by digging deep into all the services and features this software has on its tables. So read along to find out in-depth information about Zoho books vs Quickbooks.
Following are some of the factors that we have considered to compare this two software in the accounting market.
- User Interface
- Range of features
- Customer Support
- Mobile applications
Pros and Cons of Zoho books
- Provides a wide range of processes
- A perfect option for new businesses and freelancers
- Ensures data integrity and high security
- Customer support via chat is quick
- It doesnt offer integrated payrolls and budgeting features
- Not suitable to manage complex corporate processes
- Only practical to small or medium-sized business
- Takes a lot of time to reflect on changes made by the financial institution
Pros and Cons of Quickbooks
- Simple to use
- Strong integration with other systems and flexibility with third-party applications
- Affordable and reasonably priced plans
- Provides good accounting reports
- Easily accessible through other devices
- Lacks some advanced and business-specific features
- Needs improvement in multi-user features
- Weaker customer service and support
- Needs more invoice design tools
- Limitations on the number of transactions
- Mobile application needs to be more robust
- Closing their operations in India in April 2023
Heres why you should use Zoho books
Zoho books handle all the mundane accounting tasks like making and updating reports, managing clients books, etc, letting you focus more on your business.
Zoho books make it way too easy to create GST invoices and file your tax returns directly, making your business GST-compliant.
Free reliable support
Customer support is one of the USPs of Zoho books. The platform has got reliable quality support over email, chat, or phone in a matter of minutes.
Heres why you should use Quickbooks
Value for Money
Quickbooks acts as the best bang for its buck. The value it provides with its features as per the priced plans makes sense and is reasonable.
Works well with other apps
Quickbooks integrates with most of the small business software in the market that has any sort of financial functionality. It works well with other apps, letting you handle all your business operations on one platform.
This also makes categorizing and tracking expenses, invoices, and customer history pretty easy.
If you want to integrate your accounting software with other software and apps, Quickbooks wont disappoint you. The software has more than 650 integrations whereas Zoho books have just over 30.
Support Network and Customer Service
Over the years, Zoho books have acquired a big chunk of the business accounting software market with the wide range of features it provides. One of the main reasons that the customer base has stayed with the platform is the customer support Zoho books provides.
It has got fast responses and low wait times, which in turn gives the software a strong edge and fetches amazing customer satisfaction.
Quickbooks, on the other hand, too has tried to stay relevant in the market by competing with the already-established big names.
Although the software is a bang for its buck, its support network and customer service lack a little behind compared to that of Zoho books. Quickbooks has a lot to improve in its online customer service and support areas.
But how much will it cost you?
Pricing turns out to be a crucial factor when choosing suitable accounting software for your business. You dont want to pay for the services that dont come in handy for your needs and at the same time, you dont want to miss out on the services that could have been available to use, but youve chosen the wrong pricing plan.
Here are the pricing plans for both Zoho books and Quickbooks.
Zoho Books offer a free version that lets you do things like automated payment reminders, manage invoices, online/offline payments, etc. The trial period for using the application lasts for around 2 weeks.
It has 5 types of paid versions that offer a little more than the free version. For example, you get to manage only 1000 invoices per annum and get access for 1 user and 1 accountant. Whereas, the paid versions have more on their plates.
The costlier is the version, and more are the features. These are the 5 types of pricing plans in Indian as well as foreign currencies, that Zoho books have to offer.
- Standard: Rs. 749 or $15 (per organization/month, billed annually)
- Professional: Rs. 1499 or $40 (per organization/month, billed annually)
- Premium: Rs. 2999 or $60 (per organization/month, billed annually)
- Elite: Rs. 4999 or $120 (per organization/month, billed annually)
- Ultimate: Rs. 7999 or $240 (per organization/month, billed annually)
These plans might be available for a little higher price if billed monthly.
Quickbooks has announced that it will be discontinuing its services and products in India as of April 2023. Its accounting and all other services would work seamlessly outside of India. Here are the pricing plans that they have for the same.
The priced plans for Quickbooks come in four different tiers with different features and versions. The subscribed users can switch their plans at any time according to their needs.
- Simple Start: $25/month
- Essentials: $50/month
- Plus: $80/month
- Advanced: $180/month
Why ProfitBooks is a better option?
ProfitBooks is an easy-to-use, online accounting software for small businesses to manage their finances and stay on top of their cash flow. It has got all the accounting, bookkeeping, and invoicing features a business usually needs; sales accounting solutions, remote bookkeeping, expense management, financial reporting, inventory management, tax calculations, etc. What’s more? It’s easy to use and you need not be an accounting or finance expert to use ProfitBooks Accounting Software.
Moreover, many features that other software like Zoho books and Quickbooks provide in their priced plans are included in the free version of ProfitBooks. Such features, without a doubt, make ProfitBooks a better option to consider.
So which software to go with?
Zoho books and Quickbooks have quite similar offerings. Both software provides invoicing, contact management, expense tracking, and accounts payable, and offers most of their features for free. Although, there are some areas where Quickbooks outshines Zoho books and some areas where the opposite is true. Zoho books give Quickbooks a run for its money.
However, Zoho books are best for businesses that need strong accounting. Quickbooks struggles with having strong customer support whereas Zoho books lack some budgeting features and integrated payrolls.
At the end of the day, before choosing whats best for you, what matters is the trade-off that your business allows you to go with.
If youre looking for an ideal and user-friendly one-stop solution for all your accounting and invoicing needs, or maybe wish to get some more clarity on financial management. Find out how ProfitBooks can help you with your accounting needs! Create your account for free today.