Description
A new edition of Zoho Books offers an approach to accounting previously unavailable to small businesses in the UK.For the first time SMEs can link cloud based accounting software to CRM and invoicing. Sales teams can gain insight into their customer's payment history and credit status, and Finance can see the status of sales transactions in process.The powerful accounting software includes additional functionality such as VAT returns and supports VAT MOSS, for businesses selling digital services. It can automatically make adjustments for VAT in different regions, eg for businesses billing clients in European countries."It's important for business owners to adhere to the tax laws in their country to avoid penalty and lose time on paperwork. In the UK, filing VAT returns quarterly (or monthly) is a herculean task and having to do it manually is downright painful." said Raj Sabhlok, president of Zoho Corp. "Our aim was to reduce the time business owners spend on paperwork and needless worry, so they can spend more time growing their business. No software in this price range offers this functionality.""I've used Zoho Books to produce great looking invoices for my engineering activities," says Tim Netherwood, Consultant at Doro AB & Project Specialist at Sekel. "With the new UK VAT available, I've switched to Zoho Books for all my accounting needs and I'm amazed at how simple it is to use. I've been able to generate a perfect VAT return, balance my books and bank! I am so impressed by the ZOHO guys that I am looking at some of their other business applications as well"