Best accounting software for medium-sized businesses
When it comes to accounting for your mid-market business, there are many hurdles you must cross. It can be difficult to find scalable software that supports automation and can help with bank reconciliation, budgeting, tax compliance, and reporting. Luckily, Zoho Books does all this and more.
E-Invoicing
Use Zoho Books to connect with the IRP and get your e-invoices validated.
Here's why Zoho Books is an excellent choice for your medium-sized business
Scalability
As your business continues to grow, its accounting becomes more complex. When this happens, it pays to have accounting software that grows with your business. Zoho Books can accommodate your growth and meet increasing demand effortlessly, helping you deliver optimum results every time.
Tax compliance
Working with taxes can be really taxing if you do not have compliant software. With GST-compliant accounting software like Zoho Books, you can stay tax compliant all year long. It helps you create GST invoices and e-way bills, automates your tax calculations, generates tax reports, and facilitates filing GST returns directly.
Financial reporting
Knowing how well your business performs is as important as running it. Zoho Books offers 50+ extensive reports and comes with embedded advanced analytics to help improve your decision-making process. Create and share real-time financial statements, understand where you stand, and always keep your business in top shape.
Highlights of our accounting solution
Zoho Books is a power-packed bundle of features that check the key boxes when it comes to accounting for your mid-market business.
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Compliance
Mid-market businesses will have their hands full staying compliant under the GST regime. Zoho Books ensures that your business stays compliant while generating e-invoices and e-way bills and filing GST returns. The mid-market plan offers a Zoho Payroll add-on to keep your business payroll compliant as well.
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Budgeting
Zoho Books makes it easy for your mid-market business to create and follow budgets. Reflect on business performance by comparing your budgets with actuals, observe trends in budget patterns, and allocate funds to best serve the different areas of your business.
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Bank reconciliation
With a multitude of transactions taking place in a growing organization, matching accounting data with banking data becomes a chore in itself. Connect your bank to Zoho Books and watch as it brings bank transactions into your accounts, identifies the best matches for transactions, and makes reconciliation simple. Learn more about banking
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Collaboration
Collaborate with just about anyone regardless of location. Whether you're in different offices, cities, or entire regions, you can provide your accountants and stakeholders with access to relevant accounting information. You can also keep your CFO and audit teams in the loop with shareable dashboards and report data.
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Customer Portal
Give your clients the flexibility to access all their transactions with your business in one place. Through the customer portal, your customers can accept quotes, view invoices, initiate direct online payments, and comment on transactions for efficient communication and collaboration without the email threads. More on the customer portal
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Vendor portal
Collaborate easily with your vendors. Zoho Books empowers your vendors to self-manage your transactions with them through the vendor portal. The portal allows vendors to view your purchase orders, upload their invoices to you which you can add as bills in Zoho Books; add comments to transactions, and find out the status of their payments, reducing unnecessary emails and calls.
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Online payments
Make online payments effortless for you and your clients. Our integrations with multiple payment gateways and partner banks make customer and vendor payments quick, secure, and fuss-free. Read more about online payments
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Advanced analytics
Go beyond normal reporting. Zoho Books comes with embedded business intelligence and reporting powered by Zoho Analytics to provide customisable reports that help you track key financial metrics. Create KPI dashboards, share report data with colleagues, analyse information better, and stay one step ahead of your competition.
More benefits that facilitate mid-market accounting
- E-invoicing
- New GST Returns filing
- Multi-GSTIN management
- Customisable platform
- Employee self-service portal
- Automatic payroll calculation
- Income tax, PF, LWF, PT, ESI
- Warehouse management
- Serial number and batch tracking
- Advanced customisation and automation
Frequently Asked Questions
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How is a cloud-based solution suitable for mid-market accounting?
Technology that helps you scale faster and collaborate effectively is vital when you run a medium-sized business. With multiple branches and multitude of transactions taking place on a daily basis, speed and real-time data is key to faster decision-making. A cloud-based solution helps with effective scalability, collaboration and automation. With cloud solutions, all your financial records are created, updated, and stored in real-time in the cloud and when you pull a report, your data is up to date across all departments. Cloud solutions also offer connected visibility across departments, giving you better control over all your operations.
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Who is the ideal audience for the mid-market plan?
The mid-market plan of Zoho Books is ideal for businesses with multiple branches across India, business that are growing fast and need the ability to scale operations with their growth. With its advanced customisation, reporting and automation features, the mid-market plan will be ideal for businesses that are looking for a sophisticated solution.
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