When it comes to managing finances and streamlining businesses, Zoho provides two best solutions – Zoho Books and Zoho Finance Plus. While they might look the same at first glance, the scope and features they provide cater to various business requirements.
If you are feeling stuck selecting between the two, this blog will help you in making the right choice.
Overview
Zoho books
Zoho Books is a kind of online accounting software made for small to mid-sized businesses. It assists users in managing their finances, automation of business workflows, and staying on top of all invoices, taxes, and expenses. With an instinctive interface and personalizable features, it is one of the best options for entrepreneurs and accounting teams who are looking for simplicity with strong functionality.
Zoho finance plus
Zoho Finance Plus is an incorporated suite of financial apps that goes more than accounting. It is a combination of Zoho books and Zoho tools such as inventory, subscriptions, analytics, expense, and checkout. These features make it a good fit for businesses that require an all-inclusive financial environment for managing everything starting from billing to analytics and inventory – everything under one roof.
Offerings
Zoho books:
- Billing and invoicing
- Expense and tracking of purchase
- Bank reconciliation
- Client Portal
- GST compliance
- Time and project tracking
- Automation of workflows
- Mobile access
- Support for multiple currencies
Zoho Finance Plus
- Every feature of Zoho books
- Management of subscriptions
- Tracking of inventory
- Advance analytics
- Management of travel and expenses
- Pages for payment checkout
- Flawless integration with other Zoho apps and CRM
- United data and reporting in all departments.
Understanding the Core Differences: Zoho Books and Zoho Finance Plus
- Integration: Both platforms incorporate Zoho CRM, Zoho projects, and other third-party apps such as PayPal, GSuite, and Stripe.
- UI or user interface: Zoho Book is good for beginners, while Zoho Finance Plus needs more onboarding but provides good depth.
- Price: Zoho Books is available with monthly pricing tiers. Zoho Finance Plus, being a bundled suite provides more value for those businesses that require several tools but at a high price point.
- Measurability: Zoho Finance Plus is best for developing businesses with complicated workflows and Zoho Books is best for freelancers, SMEs, and Startups.
Zoho Books: Pros and Cons
Pros:
- Clean and spontaneous dashboard
- Best for small businesses and startups
- Affordable and measurable pricing
- Strong mobile application
- Excellent consumer support
- GST ready for Indian businesses
Cons
- Less inventory and subscription features
- Not best for businesses requiring advanced analysis of finances
- Might need upgradation with growing business complexity
Zoho Finance Plus: Pros and Cons
Pros:
- All-in-one financial solution
- Flawless data sync in all apps
- Best for subscription-based or inventory-heavy businesses
- Strong tools for analysis and reporting
- Supports collaboration of cross-department
Cons
- The learning curve is high
- Costly than standalone tools
- Might offer more than required for small-sized teams
Conclusion
Both Zoho Books and Zoho Finance Plus are the best tools – but important is what your business requires at present and what are your plans for growing in the future. If you are an owner of a small business searching for simple, affordable accounting, then Zoho Books is the best choice. But if you are running a developing enterprise with complicated financial processes, required subscription or inventory management, and looking to unify the finance operations under a single roof, then Zoho Finance Plus provides unique value.
Aurnex is a trustworthy Zoho Premium Partner that helps businesses in the evaluation, implementation, and customization of Zoho solutions customized for your needs. From the selection of software to onboarding and support, Aurnex makes sure you get the maximum out of the Zoho investment – without any technology headaches.
Are you ready to streamline your finance operations? Connect with the experts and get started with the perfect Zoho solution for your business.
