The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it. This information is accumulated in accounting records with accounting transactions, which are recorded either through such standardized business transactions as customer invoicing or supplier invoices, or through more specialized transactions, known as journal entries.
As a Zoho productivity kit member, Inventory is associated to a large array of benefits and advantages, but how exactly does this system improve your order management?
Zoho Inventory is fully packed with item-kitting features, but yet customizable enough to suit the needs and requirements of every business. Its main and most competitive advantage is that it replaces the variety of platforms small and in particular large businesses have to use to list their products on the markets. Instead, Zoho Inventory makes categorization easy, because it offers listing full of critical details such as prices, SKUs, availability, and similar products. As we already mentioned, Zoho Inventory also integrates with other great Zoho products, which means its functionality can be expanded to replace even more of the third-party apps you’re currently using.
Zoho Inventory is a member of Zoho’s advanced productivity suite that enables companies to automate their order and inventory management, and to keep track of delivery in order to make smarter business decisions. It is suitable for eCommerce businesses from all scales and branches, and it is integrated with multiple cloud retailers and most used shipping systems. The pricing scheme is flexible, and plans are designed affordable to meet the needs of startups and on-budget companies. The software offers end-to-end tracking, meaning that it follows inventory from the moment it has been ordered to the final moment of delivery. It provides mobile tracking as well, both for Android and iOS devices. The software includes also powerful analytic and reporting kit, and out-of-the-box features such as inventory replenishment for avoiding stock-outs, full order fulfillment and management, billing & invoicing, diverse selling channels, and much more.
Zoho Books is a smart accounting system designed for growing businesses. It is also the holder of our Great User Experience and Useful Free Trial Awards for 2017. Generally, it can be described as an intuitive accounting solution designed for small businesses to handle their finances and to remain on top of their cash flow. It is very simple, easy-to-use, and able to help you make intelligent, data-based decisions. It is also the pioneer accounting product of a reputed software provider, which eliminates all worries related to uptime, support, or security.
Zoho Subscriptions is a cloud-based recurring billing and subscription solution designed to handle every aspect of your subscription-based business. This innovative and simple app helps you address payment failures and chase overdue payments from your clients using the dunning management feature. It also offers businesses and individual subscription providers with multi-currency invoicing, trials, discounts, offline and online payment methods, between other features. What is great about Zoho Subscriptions is that it is loaded with pre-integrated tools and applications right at the data level to make it compatible with Zoho’s accounting software Zoho Books. Every transaction related to new subscriptions, renewals, customer credits, and refunds will be instantly available in Zoho Books, which saves the user the time and effort it would take to transfer data manually. As this integration involves zero clicks, zero efforts, and zero costs, the user is liberated of all manual entries for any of Zoho’s productivity suite products.
Zoho Checkout is a cloud-based solution for collecting one-off and recurring online payments through custom branded payment pages. The software requires no coding or technical knowledge to implement or maintain, and can be used across all industries. Zoho Checkout allows users to create personalized payment pages with custom background images, colors, fonts, and company logos, without requiring any coding. Data fields and labels can be tailored to suit specific industries, and users can preview all changes before the page goes live. Both one-off and recurring payments are supported, with users able to configure the interval, duration, and dates of recurring payments, and specify payment amounts, or allow customers to decide how much they wish to pay. Custom Terms and Conditions can also be created and displayed to customers on invoices and at the end of the payment process.