GST-compliant accounting solution Zoho Books to be freely available to SMEs

2nd June 2019 | By Mouseworld Now Correspondent |

 

 zoho-logo-212pxChennai, June 02, 2019:  Software products company Zoho is all set to make its GST-compliant accounting solution, Zoho Books, freely available to small businesses with annual turnover brackets of less than ₹1.5 crore. The company has said that it will provide free access to the software to eligible businesses when they sign up through the GST portal.

A GST-compliant accounting software, Zoho Books helps businesses with billing and invoicing, reporting, and direct GST filing.

Let it be noted that the GST council had invited accounting software businesses to offer their software for free earlier this year, in an effort to support SMEs. Zoho was one of the companies shortlisted for this initiative. Through this effort, Zoho Books will help SMEs manage their accounting and taxes effortlessly, and stay compliant with GST norms.

“At Zoho, we believe that technology should be democratized for businesses of all sizes. By partnering with GSTN and the Government of India, we want to help companies take advantage of cutting-edge technology that helps them considerably improve their business and automate their GST and other compliance needs,” said Zoho Corp CEO Sridhar Vembu.

“Zoho Books will help businesses leapfrog the downsides of desktop accounting software, give instant access to the data, and improve transparency into daily business operations,” Vembu added.

Zoho Books had released its GST-compliant version for India on July 1, 2017, on the eve of the GST rollout. Zoho Books packs an array of features to help businesses streamline their accounting and stay compliant with the GST norms.

Available in mobile and web versions, Zoho Books helps to take the hassles out of accounting with bank feeds, receipt scanning and workflow automation. The solution works well with other Zoho apps, such as CRM, Reports, Mail, Projects, Inventory, and Expense, to unify front office and back office operations.

Collaborated Accounting

Since it is cloud-based, Zoho Books gives businesses the flexibility to work on the move. Businesses can generate GST-compliant invoices, improve cashflow with automated payment reminders, receive online payments, and work concurrently with their accountants without breaking a sweat.

Connected Banking

A direct integration with partner banks ensures that businesses can raise loan requests, auto reconcile fetched bank feeds, and make/accept payments using payment modes (cash/cheque/NEFT/RTGS/UPI) directly from the software.

GST Compliance

The software is auto-updated with GST laws. It supports direct filing for GSTR-1, GSTR 3B and GSTR 9. Moreover, businesses moving goods within and outside a state can generate e-way bills with just a few clicks.

Scalable Ecosystem

Business can automate repetitive workflows to save time and effort. Besides, Zoho Books works in conjunction with 40+ other Zoho apps, overcoming departmental silos to streamline entire business operations including sales, marketing, human resource, and finance.

 

 

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