It makes sense for a small business to be familiar with Zoho Books because it offers the financial tools that are needed by a business to operate effectively. Zoho Books offers excellent value for small business accounting in areas that include sales and purchases, time and project tracking and inventory management.
In India, the government wants to democratize access to accounting software by making it free for small businesses. This will ensure that small businesses will comply with the indirect tax scheme. Last week, Goods and Services Tax Network (GSTN) allowed businesses that have a turnover of 1.5 crore or lower to download software that will help them with their invoices and account statements, manage inventories and prepare the GST returns.
On the GSTN website, businesses will find 6 firms that offer free software to 8 million small businesses. One of the selected vendors is Zoho Books that wants to encourage higher adoption of the software and its entire suite of software products. Zoho Books wants to help small and medium-sized enterprises to maintain proper books so that it will be easier to apply for credit. When a business is exposed to the latest technology, they can grow beyond a particular size.
According to Sivaramakrishnan Iswaran, director of product management at Zoho Corporation, 1.5 crore turnover figure is the magic number to be able to obtain free software. Beyond that, a business can afford decent software.
India is experiencing a surge in software product firms that encourage customers to use their software for free and pay monthly rental for additional features. The firms believe that this strategy will increase visibility and make potential users aware of the product. The agreement for free accounting and billing software is 2 years. Companies that will use the services after the 2-year free application will be offered a paid version of the software.
Technology investments will help businesses improve compliance. Unlike other software, zoho books is straightforward and informative. The interface is exceptionally clean, user-friendly and easy to understand. There is an effective combination of buttons, drop down lists, fill in the blanks fields and check boxes that makes navigation easy to use.