Zoho today announced the addition of key capabilities in Zoho Books, Zoho Inventory, and Zoho Practice, helping Canadian businesses and accountants enhance operational efficiency, simplify routine financial tasks, and ensure regulatory compliance. These capabilities aim to support organizations in streamlining many of their internal processes by providing them with necessary tools that help them grow.
Many businesses rely on manual processes for performing critical financial tasks, resulting in delays, errors, and inefficiencies that drive up costs and hinder growth. Today’s updates to Zoho’s finance and operations platform aim to streamline these processes for greater efficiency for both businesses and accountants.
For businesses:
Zoho Books has introduced a suite of new features, including support for electronic filing of T4A and T5018 slips with Canada Revenue Agency. Businesses from Quebec can generate combined GST/HST-QST returns that include both federal and provincial returns that can be easily filed online with the Revenu Quebec. Progress-based invoicing allows businesses to invoice customers for the duration of a project incrementally, improving cash flow. With bill pay capabilities, businesses can autoscan, 3-way match for accuracy, and pay multiple bills from different vendors, simplifying the entire accounts payable process. Advanced features like revenue recognition automatically recognize revenue based on contractual obligations or when the service is delivered, while the fixed asset management feature allows recording of asset details, automatic depreciation calculations, and generate forecast reports, simplifying the bookkeeping process.
In Zoho Inventory, advanced warehouse management capabilities—such as enhanced location tracking and labeling, stock counting, stock out alerts, and role-based access to the warehouse operations—offer better inventory control, ensure accurate stock levels, and provide faster order processing. The product’s mobile apps empower warehouse employees to perform their tasks more efficiently, improving productivity.
For accountants:
Zoho Practice has included new features to help accountants deliver client services efficiently. Workpapers simplifies audit and compliance workflows by automatically fetching client financial statements from Zoho Books, enabling easy comparison, adjustments, document management, and collaboration for seamless review and approval. The self-service portal enables accountants to collaborate with clients that use third-party services, facilitating document requests, digital signatures, and communication. Accountants can easily create and manage ledgers without a full accounting system, helping them maintain a single source truth. Advanced capabilities like workflow automation, custom functions, and scheduling options support a complete tailoring of their operational workflow.
Pricing and Availability
All the features announced today for Zoho Books, Zoho Inventory, and Zoho Practice are available for immediate use. For more details on pricing, please visit the following pages for each product: Zoho Books, Zoho Inventory, Zoho Practice.
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This entry was posted on December 12, 2024 at 11:04 am and is filed under Commentary with tags Zoho. You can follow any responses to this entry through the RSS 2.0 feed.
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Zoho Introduces a Suite of New Features to Help Canadian Businesses Unlock Greater Efficiency in Their Finance and Operations
Zoho today announced the addition of key capabilities in Zoho Books, Zoho Inventory, and Zoho Practice, helping Canadian businesses and accountants enhance operational efficiency, simplify routine financial tasks, and ensure regulatory compliance. These capabilities aim to support organizations in streamlining many of their internal processes by providing them with necessary tools that help them grow.
Many businesses rely on manual processes for performing critical financial tasks, resulting in delays, errors, and inefficiencies that drive up costs and hinder growth. Today’s updates to Zoho’s finance and operations platform aim to streamline these processes for greater efficiency for both businesses and accountants.
For businesses:
Zoho Books has introduced a suite of new features, including support for electronic filing of T4A and T5018 slips with Canada Revenue Agency. Businesses from Quebec can generate combined GST/HST-QST returns that include both federal and provincial returns that can be easily filed online with the Revenu Quebec. Progress-based invoicing allows businesses to invoice customers for the duration of a project incrementally, improving cash flow. With bill pay capabilities, businesses can autoscan, 3-way match for accuracy, and pay multiple bills from different vendors, simplifying the entire accounts payable process. Advanced features like revenue recognition automatically recognize revenue based on contractual obligations or when the service is delivered, while the fixed asset management feature allows recording of asset details, automatic depreciation calculations, and generate forecast reports, simplifying the bookkeeping process.
In Zoho Inventory, advanced warehouse management capabilities—such as enhanced location tracking and labeling, stock counting, stock out alerts, and role-based access to the warehouse operations—offer better inventory control, ensure accurate stock levels, and provide faster order processing. The product’s mobile apps empower warehouse employees to perform their tasks more efficiently, improving productivity.
For accountants:
Zoho Practice has included new features to help accountants deliver client services efficiently. Workpapers simplifies audit and compliance workflows by automatically fetching client financial statements from Zoho Books, enabling easy comparison, adjustments, document management, and collaboration for seamless review and approval. The self-service portal enables accountants to collaborate with clients that use third-party services, facilitating document requests, digital signatures, and communication. Accountants can easily create and manage ledgers without a full accounting system, helping them maintain a single source truth. Advanced capabilities like workflow automation, custom functions, and scheduling options support a complete tailoring of their operational workflow.
Pricing and Availability
All the features announced today for Zoho Books, Zoho Inventory, and Zoho Practice are available for immediate use. For more details on pricing, please visit the following pages for each product: Zoho Books, Zoho Inventory, Zoho Practice.
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This entry was posted on December 12, 2024 at 11:04 am and is filed under Commentary with tags Zoho. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.