2022 was the year of new beginnings and continuous enhancements. We released new features and updates, added new reports, and launched Zoho Books in new countries.
Let's look back at 2022, the year that was for Zoho Books.
Pre-fill a budget by importing the data as a file in XLS or XLSX formats.
Apply discounts inclusive of tax - India edition
In discount preferences, we added the option to apply a discount inclusive of tax to line items. Once you set your organization's discount preference as tax inclusive, while creating a transaction, the discount shown for each line item will be tax inclusive.
Dissociate a payment and convert it to an advance payment
While deleting a payment you’ve received for an invoice, you have the option to dissociate the payment and add it as an advance payment.
Auto-populate taxes for contacts and items while creating transactions - Global edition
Create tax rules to automate taxes. You can create tax rules for a specific contact or an item or create default tax rules. The tax you configured will be applied automatically to transactions you create for those contacts or using those items.
Fetch data from third-party services
Configure incoming webhooks to fetch information from a third-party service or an API request to Zoho Books when an event occurs in the third-party application. Learn More
Set default tax for your organization - Global edition
Mark a tax as the default tax for your organization. This tax will be auto-populated in transactions if you have not associated any tax to your contacts or items.
Encrypt health information stored in Zoho Books
Store health information in Zoho Books using custom fields. You can encrypt the data stored in the custom field using the ePHI (Electronic Protected Health Information) option.
Scan barcodes from UPC, EAN, and ISBC
In addition to SKU, organizations with the Zoho Inventory add-on can scan barcodes from UPC, EAN, and ISBC.
Generate QR codes for credit notes
Display a QR code in a credit note's PDF to include custom information that your customers might want to know. Your customers can scan the QR code to access the information whenever they need.
Apply TDS on invoices, bills of supply, or debit notes - India edition
Apply TDS on an invoice, a bill of supply, or a debit note. If you can't find the TDS you are looking for, you can create a new one or edit an existing TDS. Learn More
Hide tax details in the invoice template
By default, tax details will be included in the invoice. If you want to hide the tax details in the invoice, you can deselect the Show Tax Details check box on the invoice template.
Your customers can pay for multiple invoices at a time
Your customers can bulk-select multiple invoices and make a single payment for them from the Customer Portal. Also, they can bulk-select and download multiple invoices as a single PDF.
Display additional information to your customers in the Customer Portal
Create custom tabs to display additional information, like your product catalog from your website, or communicate special offers and announcements to your customers through the Customer Portal.
Edit transactions pushed to the GSTN portal - India edition
Edit the transactions included in GSTR-1 which you've pushed to the GSTN portal using Reset Push. Once done, all the transactions in GSTR-1 that you've pushed during that filing period will be deleted in the GSTN portal.
Separate portal for your vendors
We introduced a dedicated portal for vendors. Using the Vendor Portal, your vendors can accept or reject your purchase orders, upload documents such as the invoices of your purchases, and much more. Learn More
Pay your bills using cheques - India edition
Pay your bills by printing cheques. You can pay for a single bill from the bill's details page or for multiple bills from the vendor's details page. Also, you can customise and make the cheque tamper-proof. Learn More
Add a discount to each item in a price list
You now have the option to add discounts to individual items in a price list. The discount will be applied to items if you have enabled the line item level discount preference for your organization
Out of scope and non-GST supply tax preference for items - India edition
We added out of scope and non-GST supply tax preferences for items. If these tax preferences are applied to items, it will auto-populate when creating transactions using these items.
Perform branch-wise comparisons in reports
If your organization has multiple branches, you can now customize the Profit and Loss, Balance Sheet, and Movement of Equity reports to compare the numbers branch wise.
Claim VAT while writing off an invoice - UK edition
If a customer does not pay for the goods or services they purchased from you, you can write off their invoice as bad debt and claim the VAT you paid for this invoice from HMRC six months after the invoice's due date. Learn More
Filter outstanding statements in the Customer Portal
Your customers can filter and view, print, or download the statement containing their outstanding transactions from their Customer Portal.
Apply reverse charge to transactions - Global edition
If the items in a transaction are applicable for reverse charge based on your government's regulations, you can apply reverse charge for them. Your customers are liable to pay tax for such transactions. Learn More
Group reports based on fields of your choice
Group and categorize Receivable Summary, Receivable Details, Payable Summary, and Payable Details reports. You can choose up to three fields to group your report.
Edit e-invoices that are pushed to IRP - India edition
Some optional fields in an e-invoice can be edited even after it has been pushed to the IRP.
Create transactions in multiple currencies for your customers and vendors and Zoho Books will fetch the exchange rates and apply them to the transactions automatically. Learn More
Your customers and vendors can now sign up to the customer and vendor portal themselves. They can sign up using the link provided in the invoice's payment page, or from the portal’s login page.
Chat with other users in your organization about transactions from within Zoho Books and get notified when a user initiates a chat. You can also share documents, images, and make audio or video calls. Learn More
Create to-do lists for the work you and the users in your organization have to complete. You can create tasks, assign tasks to users, set priorities and due dates, and set reminders. Learn More
We released the Kenya edition of Zoho Books to help businesses in Kenya stay VAT compliant. Businesses can create VAT rules for contacts and items, enter HS codes for items, and generate their tax return using the VAT3 Returns report. Learn More
We launched the Mexico edition of Zoho Books in Spanish. Now, businesses located in Mexico can create transactions that are Mexican VAT compliant, apply TDS rates and VAT rates to transactions, generate and send CFDIs to your customers through electronic invoicing, and generate DIOT reports for their purchases. Learn More
Connect with Plaid, our new bank feeds service provider, to fetch the bank feeds of your banks and credit cards. Learn More
Integrate your KeyPay account with Zoho Books to keep track of your earnings, taxes, allowances, and reimbursements in the respective journals of Zoho Books. Also, set location specific reporting tags, and map the payroll accounts imported from KeyPay to the chart of accounts in Zoho Books. Learn More
We added new reports that will help you view the changes in equity for a particular period, the tax details of the sales and purchase transactions for which you have recorded reverse charge, the money that your customers owe you, and the money you owe your vendors.
* Countries that come under the GCC edition are Oman, Bahrain, UAE, Kuwait, Saudi Arabia, and Qatar.
I met the Zoho team and got introduced to Zoho Books at an event in Dubai. I've been using it for the last 4 years for my Oman based pastry business. I like the way Zoho Books does the final accounting. The gross profit gets updated in the retained earnings automatically making the 'closing of accounts' a piece of cake. Workflow triggers like email alerts and custom functions are just awesome. The product is extremely user-friendly and the support team is always prompt and responsive.
Unitrak Powderflight Ltd. has been a leader in bulk material conveying for the past 50 years. While researching Zoho CRM, we came across Zoho Books, which allowed us to move to the cloud and integrate with Zoho CRM. With this integration, we only need to keep our data up to date in one application. This has saved a lot of our time and made our IT requirements much simpler. Our employees also find the UI of Zoho applications more user-friendly and intuitive than what we were using before.
Zoho Books has played an instrumental role in helping our creative company stay VAT compliant, and it has saved us a lot of time to focus on what we love doing. The new e-invoicing support in Zoho Books has helped us to effortlessly transition our business to comply with the ZATCA requirements. I highly recommend Zoho Books to other businesses in the KSA.