Zoho Books Gets Even Easier to Use With Automatic Bank Feeds

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We’re always looking for ways to simplify life for our customers. We are thrilled to announce a major update to our accounting software, Zoho Books: You are now able to connect your bank and credit card accounts securely and automatically download transactions right into Zoho Books.

Reduce manual data entry
Let me illustrate with this with a simple example. You’ve bought a flight ticket using your credit card. To keep track of this in your accounting system, you’d need to manually classify this as a Travel Expense and enter multiple information including the amount, date, reference number, the airline from whom the ticket was purchased etc. This is tedious and can lead to mistakes. Even after going through this you are still not done – you still need to reconcile this with your bank statement. This is just one transaction. Imagine doing this for hundreds of transactions and the time wasted quickly adds up. We all have got better things to do!
But when you opt to receive automatic bank feeds, Zoho Books pulls in transactions from your bank accounts and all you’ll need to do is classify this as ‘TravelExpense’.

Auto-classification of Transactions with bank rules
Furthermore, Zoho Books allows you to specify how you want to classify the bank and credit card transactions, taking this closer to zero data entry. Continuing with the same example, you can tell Zoho Books to classify all purchases that in the description have ‘Southwest Airlines’ as “Travel Expense”. Voila! Absolutely nothing to enter and completely error free again.

We Support THOUSANDS of Banks 
Currently we support several thousands of banks that we are able to receive feeds via Yodlee. However, these do not include banks that require multi factor authentication. We will include these banks in our upcoming product upgrades. Yodlee is the world’s leading provider of online banking solutions and banks world over use Yodlee to automate aggregation of account data.
So what if your bank is not there in the list of automatic feeds? Don’t worry, we also allow you to import a CSV file bank statement. You still can gain massively from auto-categorization and avoid data entry. You just need to upload the statement yourself instead of Zoho Books doing it for you.

To learn more about this, visit our tour page.

This has been a top-requested feature from you, our customers. We can’t wait to have you try it out and let us know what you think.

PayPal Payflow Pro : New addition in the gateway list

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Zoho Invoice and Zoho Books now support PayPal Payflow Pro payment gateway. You can configure Payflow Pro as your online payment option and have your customers make online payment on the same page without being redirected to any other site.

​​​​If you are from US, CPayflow Proanada, New Zealand or Australia and your company processes large number of transactions on a daily basis, then Payflow Pro is a good choice for you. Your customers will love you too as they don’t have to wait in the long queue to make their payment.

​​Payflow Pro requires you to have an Internet Merchant Account, essentially an account that handles the funds received via credit card payment from your customer. The real beauty with Payflow Pro is the extensive reporting it offers. It lets you know the payment status and their customer support is always available to troubleshoot any questions you have for them.

Online Payment Gateway

Read more about Payflow Pro and find out if it suits your business needs.  While you are at it, also check out other payment gateways that we support – PayPal –  Standard and Business payments, Google Checkout and Authorize.Net.  Read more on how to set up the online gateway in Zoho Invoice and Zoho Books and quickly start receiving online payments from your customers.

The New JOBS Act and Crowdfunding Opportunities for Entrepreneurs

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If you own a private company, chances are you have considered going public or plan on doing so after you have accrued enough resources. And if this is your vision for your small or medium-sized business, a new legislative act put in place last week may be the impetus needed to turn that vision into reality.

Known as the Jumpstart Our Business Startups, or JOBS Act, this bipartisan legislative package aims at helping the growth of startups and small or medium-sized businesses, ultimately creating more jobs and boosting the overall economy. The bill consists of measures that reduce SEC restrictions on small and medium-sized companies and create new investment opportunities.

Specifically, the JOBS Act:

  • Eases certain rules and restrictions the SEC imposes on small companies, allowing them to go public with less resources and in less time.
  • Allows entrepreneurs (many of whom were previously banned from “crowdfunding”) to solicit and gather money from smaller investors.
  • Raises the shareholder registration requirement threshold for small companies, thereby providing more flexibility to grow.

For some companies, going public is essential to creating job opportunities and acquiring more capital resources. And for those who believe start-ups are a critical element of the overall market, then the JOBS Act is a step in the right direction. Only time will tell if this legislation profoundly affects job growth and whether it will favor medium-sized companies over smaller start-ups, but the new measures may help expand your business’ window of opportunities.

If you would like to learn more about the new business measures provided by the JOBS Act, you can refer to the following links:

Please provide us with feedback below, as we want to know your opinion on these new provisions and how you think they will affect your business.

And when the time comes for your business to start growing, the team here at Zoho is right here to help – with tools to mange your pipeline, manage your finances and help you hire the people you need.

Go Cloud this Shopping Season

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​It’s that time of the year when you run to the shop to kick start your shopping season.

​Economy is not exactly in the pink of health at the moment. It is believed and proven that one of the factors that drive the economy is the growth of small business in the community. Boosting the economy is not a priority on your agenda or mine but what if we contribute little in the way we shop?

This was the underlying idea behind the creation of the Small Business Saturday. ​It started out last year when the American Express OPEN (small business services wing of Amex) created the Small Business Saturday to bring alive the spirit of neighborhood shopping. Their motto is ‘Shop small, Shop local’. Today more than 2.4 million people are aware and have ‘liked the ‘Small Business Saturday’ and many have pledged a small portion from their wallet to the neighborhood store. 

Now while the community gets ready to support the cause, small business owners need to get their act together and be equipped to welcome the eager shoppers and the efficient management that follows soon after. During this season, the number and frequency of visits by shoppers increases tremendously. There’s money flowing in and out and inefficient management can often lead to unhappy results.

The ‘special personal touch’ is what differentiates a small business from the rest. Managing a small business is not an easy task. The fundamentals of running a business are the same, be it small or big. You need plenty of time and resources to brace this period. Unfortunately, there is no magic wand to increase the 24 hour limit but there is a magic trick to save time and make your work life more productive. 

Go Cloud.

Cloud computing comes to the aid of small business owners by providing simpler and smarter solutions for efficient management. Zoho was built exactly on that notion and we constantly strive to help our customers save time and increase their productivity. The online applications manage your customers, send invoices, provide intuitive reports and manage your accounting among many other things. You don’t have to do everything by yourself. Delegate it to cloud. So giddyup. 

Be armed with cloud computing this shopping season and spend the saved moments to add that ‘special personal touch’ to everything you do.

Manage Your Cash Flow Right With Zoho Books

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As Small-Business owners, we sometimes unknowingly do things that can hurt our business. A recent article at openforum.com talks about 6 such ways in which business-owners might be sabotaging their own businesses. We’d like to encourage all Entrepreneurs to work towards avoiding all 6 of these costly mistakes. But, there’s one in particular, that we feel can help you with.

Losing focus on Cash-Flow. It’s critical to keep track of the money flowing in and out of your business. At any point of time, you as a business-owner, should have a clear picture of your business investments and spending, in order to be able to take immediate steps if and when the cash-flow slows down. And of course, what better way to achieve this than with
Zoho Books
‘ integrated

Cash-Flow Management feature
that helps you constantly monitor and measure your cash-flow and stay on top of your business. The cash-flow statement helps you keep your business financially healthy by measuring the impact of accounting activities from three major activities that drive your business – operating, investing and financing.

Besides the cash-flow statement, Zoho Books also lets you generate

other important reports
that can help you make insightful decisions about your business.

For a complete experience of how Zoho Books can help you stay in control of your business finances, take the
30-day free trial or start by watching this video: