With the growing businesses across multiple verticals, the need to manage finances and business transactions also intensifies. The same holds for the individuals and organizations belonging to the healthcare industry as well. Doing it all manually is a time consuming and error prone process. This is where ZOHO Books, the modern day accounting software from ZOHO could prove worthwhile. While you may find many other software from rival companies, ZOHO books bets to differ.
What is ZOHO Books?
A promising application from ZOHO Corp, ZOHO Books takes care of all the financial obligations related to your business. It helps to automate processes, makes your business GST compliant and lets you work across multiple departments collectively. The software is suitable for use for organizations representing numerous domains like legal, healthcare, consulting, entertainment industry, real estate, house maintenance, and so on.
ZOHO Books for Healthcare
Organizations operating in the medical care domain can confide in ZOHO Books owing to its capability to automate varied financial processes with pace and precision. It can manage interactions with customers and suppliers through its client portals. Like businesses from other domains, it is a boon for the healthcare companies as well owing to its end-to-end accounting, GST compliance, and integrated platform. Considering the fact that ZOHO Books is web based, users don’t need to install or download it. They can manage and handle customer invoices online or through mail.
ZOHO Books Features
Here is a look at the assorted functionality and features of the web-based ZOHO Books:
- Receivables: It helps to create quick retail invoices, send payment reminders, and allows your customers the option for online payment. The feature also helps to send estimates and convert them to GST invoices.
- Payables: This ZOHO books feature makes it easy to manage payables. You can use it to create and send purchase orders, keep track of your payments and upload expense receipts.
- Inventory: It allows you to capture and add your goods and services to your transactions. You can create reorder points to keep a check at inventory levels and replenish the stock as the latter reaches a threshold mark.
- Banking: This feature lets you import your bank statements to ZOHO Books without requiring you to do any data entry. You can do and collect payments directly, and categorize your banking transactions by setting up rules.
- Timesheet: This ZOHO Books facility helps you to keep track of the time you spend on different projects and sends invoices to customers for the work done. You can also track unbilled expenses and working hours.
- Contact: This feature helps to keep all the contacts at one place for simplified communication. You can use the client portal to communicate with your clients. It also lets you store the customer payment information securely and intimate them automatically for recurring transactions.
- Reports: From Profit and loss statements to GST reports to inventory summary reports and more, ZOHO Books allows you to create more than 50 business reports. This in turn helps you to get in-depth details about your business.
All these features are extremely efficient and contribute significantly to the improvement of healthcare businesses.
What is new in ZOHO Books?
In addition to regular features, ZOHO keeps updating all its applications to help its customers ease out their business related obligations even further. ZOHO Books also keeps receiving its share of regular updates. Here are the latest inclusions in the ZOHO Books:
- Support for Hindi Characters in PDF Templates (Indian Edition)
In the Indian edition of ZOHO Books, the users can generate transaction PDFs in Hindi as well. For this, they need to choose the Hindi font in the template edit page.
- Multiple Transaction Number Series: ZOHO Books now allows you to create varied transaction number series where your transactions get unique prefixes. This will help if you want to create different transaction series depending on varied criteria like customers, transaction type, supply place, etc.
- Associate accounts with taxes (Global Edition): In the global edition of this new feature, you can create or delete the input and output tax accounts.
- E-invoicing (Saudi Arabia edition): ZOHO Books has introduced e-invoicing to remain compliant with the regulations of the Kingdom of Saudi Arabia. The country has made e-invoicing mandatory from December 4, 2021.
- Redesigned MISC format (US Edition)
ZOHO Books has redesigned the MISC format and alongside, has unleashed the new NEC format in the 1099 report to remain compliant with the updated IRS regulations.
Other ZOHO Software for Healthcare Domain
Besides ZOHO Books, you can try out several other software from ZOHO to get an edge in your healthcare business.
ZOHO Expense
This software helps the healthcare industry in online expense reporting. It takes care of all the reimbursements and billable expenses, thus enabling you to treat your patients without worrying about the obstacles in expense reporting.
ZOHO Bookings
No! Do not confuse it with ZOHO Books. This specific software provides convenient and cost-effective last minute bookings, rescheduling and cancellation options for the growing clinics and medical practitioners.
Try ZOHO Books today
Whether you run a healthcare organization or own a business in any other stream, ZOHO Books is the best to ease out all your finance related hassles. To start with, you can try its 14-day trial plan. We are a renowned ZOHO premium partner and can assist with all the concerns related to ZOHO applications. Hence, if you wish to know more about ZOHO Books or want to seek its help to simplify your business transaction processes, we can help you significantly.
