Author Archives: Prashant

| Posted By :

Is Double-Entry Accounting here for eternity?

5


Take any popular

accounting software today, be it a SAAS player like us or our desktop counterparts or even the entreprisey ERP solutions, and I bet they all are based on double-entry accounting. For the uninitiated, double-entry accounting is a system of bookkeeping that enforces recording two aspects of a financial transaction – one that indicates the source of amount involved and another to indicate how it is put to use. It is said that this method was first codified by Luca Pacioli, an Italian monk in the fifteenth century (and I’ll leave it to The Almighty

Wikipedia to explain the rest).

It is fascinating to see that a system devised to catch financial inaccuracies six centuries …


READ MORE
| Posted By :

SAMTEQ Limited gets paid faster using Zoho Invoice and improves its cash flow

1


Recently, I had a tete-a-tete with Ken Coley of SAMTEQ Limited, a Scottish Web development company. He had some interesting things to share on his company and how

Zoho Invoice fits into his fast growing business. Some excerpts from our conversation:


1. How did SAMTEQ get started?


SAMTEQ Limited was established in 2009 by Sam Coley, at the age of 16 and has enjoyed rapid growth to a successful web development company. SAMTEQ creates web solutions for small to medium businesses, based in Scotland but serving the UK and beyond. SAMTEQ specialises on making extremely easy to manage websites, with a unique CMS system developed in-house. SAMTEQ customers tend to be owner managers and hav…


READ MORE
| Posted By :

Cash is King: Cash Flow Statement in Zoho Books

1

Real physical cash is what keeps your business running. It helps you pay your employees, make prompt vendor payments, juggle your marketing budget, meet unforeseen emergency expenses etc.

Isn’t it surprising, nay, shocking then to find that many businesses don’t know how much cash they have in their kitty at a given moment of time? And, when accessing this information is difficult, taking adequate action when cash levels fall below a certain threshold isn’t easy either. That could upset the best laid plans of any business.

We wanted businesses regardless of their size, not to get caught unawares but to overcome such a situation. So the team behind Zoho Books, the makers of your favorite

o…


READ MORE
| Posted By :

Online Payment Gateway Usage Statistics

7

Work.Online
reads Zoho’s tagline. As a corollary to this, the Zoho Invoice team is fanatical that small businesses invoice.online and get paid.online. When your invoicing software was released, it was integrated with PayPal and we quickly added Authorize.net and Google Checkout to our repertoire. With that, we completed the troika of payment gateways to provide our customers a complete online invoicing experience. It is over two years since our customers have been accepting electronic payments and it is time to introspect and to gain interesting insights into to which payment gateway most …


READ MORE
| Posted By :

Multi-Currency Enhancements in Zoho Invoice

9

When we launched Zoho Invoice last year it was one of the few affordable online invoicing services to support multiple currencies. However, there were some limitations and we have been pleasantly surprised by the number of users seeking improvements. This upgrade addresses these limitations to a large extent. So let’s quickly get down to the details:

Currency decimal places – It’s configurable!

Prior to the upgrade, irrespective of the currency in which you operate the amounts were rounded to two decimal places. This doesn’t go well with customers in a few countries. Let me give you an example of Japanese Yen (JPY) that does not  have decimal places. Previously, when you ra…


READ MORE