Zoho Practice, a recent addition to Zoho Finance's ecosystem, has quickly gained thousands of customers worldwide among accountants and bookkeepers within just a year. With amazing feedback and insightful suggestions coming in from our user community, we've fast-tracked development to bring you Zoho Practice 2.0, packed with exciting new features.
These powerful features are designed to enhance efficiency for accounting firms and elevate the client-accountant experience. With additions like workpaper management, workflow automation, an external client portal, and Zoho Practice Ledger, this release empowers firms to streamline processes, boost collaboration, and deliver exceptional service.
Read through the blog to learn what’s new in Zoho Practice.
Workpapers redefined
Accountants often face significant challenges in managing financial audits. The process is time-consuming and labor-intensive, requiring them to manually gather client documents from various sources, verify the details, and ensure every transaction is accounted for. Collaboration with clients and team members is often disjointed, relying on asynchronous communication like emails and calls, which leads to delays, miscommunication, and difficulty in tracking progress.
Workpapers in Zoho Practice make this process effortless. Zoho Practice enables you to handle client documentation seamlessly, perform detailed account analyses, and ensure every transaction is verified on one centralized platform.
The solution allows you to dive deep into client accounts, track historical trends, and spot potential anomalies—all from a single interface. Zoho Practice lets you securely manage documents, request missing ones, and connect everything to relevant accounts. With real-time alerts for unusual changes or duplicate transactions, you can maintain the utmost precision in your reports while simplifying compliance.
Accelerate your workflow with automation
Delegate repetitive tasks to Zoho Practice. You can now automate routine processes and focus on activities that add real value to your clients.
Now you can automate workflows triggered by specific events in and out of Zoho Practice (or triggered based on the time). Easily integrate with external applications and ensure a seamless exchange of information to further improve your workflow automation.
Check this use case here: Willow Accounting Solutions faced delays when clients were slow to respond to key requests, disrupting workflows and project timelines. To solve this, they used workflow automation in Zoho Practice to set up trigger-based reminders.
For instance, if a client didn’t respond to a document request within three days, the system automatically sent a follow-up notification. This ensured timely client actions, streamlined communication, and kept projects on track. The firm also used workflow logs for transparency and to refine processes, enhancing both efficiency and client relationships.
Elevate Client Collaboration with the self-service portal
Expand your client base with Zoho Practice. Beyond serving clients who use Zoho Finance apps like Zoho Books, Zoho Inventory, Zoho Expense, and Zoho Payroll, you can now effortlessly access essential information and collaborate with all of your other software clients through the intuitive client portal.
Our new self-service portal allows clients to access documents, submit requests, and stay updated, eliminating the back-and-forth of emails and phone calls.
Whether it’s managing deadlines, assigning tasks, or viewing transaction histories, the portal provides a convenient way for clients to stay informed. By empowering your clients to take charge of their financial processes, you create an environment of trust and efficiency.
Simplify accounting for smaller clients with Zoho Practice Ledger
Zoho Practice is renowned for its extensive features designed to manage ongoing client engagements and larger accounts effectively. With the introduction of Zoho Ledger, it now extends its capabilities to efficiently manage smaller or one-off clients.
This feature simplifies bookkeeping with functions like real-time transaction imports, seamless bank integration, accurate reconciliations, detailed journal entries, and advanced budgeting, all on one streamlined platform.
It’s the perfect solution for firms looking to provide consistent, high-quality service across their client base.
Tailor your practice with custom modules
Every accounting firm is unique, and Zoho Practice allows you to tailor its functionality to meet your specific needs. Leverage custom modules to track industry-specific client data and tailor the system to fit unique internal processes, ensuring your firm’s operations remain centralized and efficient.
Not just that, it improvises the way you collect, organize, and handle data to ensure your practice is using consistent information. Make unique modules with fields, connections, and access permissions that meet the needs of your firm. Integrate new modules with existing practice features like task management and client requests to expedite workflows.
Flexible Pricing to Fit Your Needs
We understand that every accounting firm operates differently, which is why we’ve introduced flexible pricing options to cater to firms of all sizes.
Zoho Practice 2.0 is available free of charge for Zoho Finance Partners! They'll get exclusive access to our new features based on their partnership tier.
Visit our pricing page to find out more and select the plan that best fits your firm's requirements.
Experience the Future of Accounting Firm Management
Zoho Practice 2.0 is here to empower you to elevate your practice, exceed client expectations, and scale your firm.
Experience the power of Zoho Practice 2.0 today and transform your workflow into a seamless, efficient, and delightful journey, delivering exceptional service to your clients every step of the way.
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