Accountant collaboration made easy with Zoho Books
Accountants can collaborate easily with businesses on Zoho Books. The accountant module enables you to create and automate journal entries, maintain a detailed chart of accounts, set and track budgets, and handle financial adjustments with ease.
Customize your chart of accounts
Add accounts
Add accounts and sub-accounts to track specific transactions and journal entries. Generate reports, and track credits and debits into the account for tailored insights. Also, mark accounts as inactive to prevent inadvertent usage. (Note: Few mandatory accounts like tax accounts cannot be altered.)
Pin accounts to dashboard
Pin any crucial account to the Zoho Books dashboard widget, 'Accounts watchlist,' to view available cash in those accounts at a glance.
Attach files
Upload files to specific accounts to add context, ensure availability of records for quick reference, audit, or compliance.
Create journal entries
Manual journal
Quickly add journal entry for non-routine transactions from recording an adjustments, noting asset depreciation, writing off a bad debt, or recording an accrued expense.
Recurring journal
Do you have a regular journal entry? Recurring journals are for you. This can include anything from routine depreciation and drawings to splitting a periodic expense across different accounts.
Journal template
Are you frequently making journal entries where the credit and debit accounts remain the same? The journal template feature can significantly reduce your workload and save valuable time.
Advance features for accountants
Base currency adjustments
Ensure your accounts and financial reports accurately reflect any profits or losses resulting from fluctuating currency values. Easily make base currency adjustments to revalue the balances and effectively capture the impact of currency fluctuations.
Find and recode transactions
Use bulk updates to identify and modify multiple transactions simultaneously. Whether you've made a mistake or need to restructure your accounts, Bulk update allows you to make the necessary changes quickly and efficiently.
Period locking
Use transaction locking to prevent changes to transactions ahead of audits or tax filing. Lock all transactions made on Zoho Books or selectively lock modules like sales, purchase, or banking to lock. Further, unlock select date ranges securely and for exceptional cases.
Budgeting
Set account level budgets
Simplify setting meticulous budgets. Include the accounts involved (from the income, expense, asset, liability, and equity), and set targets across months, quarters, or years.
Auto-fill budgets
Easily add account budgets across time periods at once by either applying percentage increases/decreases or a fix amount. You may also inherit values from your previous period and make changes to it as necessary.
Evaluate budget forecasting
Get a comprehensive financial overview based on your budget by generating profit and loss, balance sheet, and cash flow reports. Use these insights to optimize your budget and fine-tune your financial projections even before your business enters the financial year.
Track budget vs. actuals
Track your financial performance in real-time by comparing budgets vs. actuals on profit and loss, balance sheet, and cash flow statements. Identify budget overruns, measure your budget's accuracy, and optimize your finances for sustainable growth using data-driven insights.
Project budgeting
Optimize your projects with budgeting. Set clear spending limits for projects, related tasks, and associated staff. Achieve efficiency by allocating realistic hours for project completion. Track spending and control overruns by pulling budget vs. actual report at anytime to asses resource allocation.
Some more features to make your life easier
Bank reconciliation
Automate your bank reconciliation processes and ensure all your transactions are accounted for with powerful and intuitive tools to categorize and match your credit card and bank feed entries. See more.
Reports
Read more about the comprehensive reporting features. Access real time insights from the dashboard and 70+ exhaustive business and financial reports in Zoho Books.
