Zoho offers its accounting solution for free to businesses with an annual turnover of less than ₹1.5 crores.
PRESS RELEASE – CHENNAI, INDIA – Zoho, India’s leading software products company, announced today that its GST-compliant accounting solution, Zoho Books, will be available for free to businesses with an annual turnover of less than ₹1.5 crores. Eligible businesses will be given free access to the software when they sign up through the GST portal.
Earlier this year, the GST council invited accounting software businesses to offer their software for free, to support SMEs. Zoho was one of the companies shortlisted for this initiative. Through this effort, Zoho Books will help SMEs manage their accounting and taxes effortlessly and stay compliant with GST norms.
Speaking about the initiative, Zoho Corp CEO, Sridhar Vembu, said, “At Zoho, we believe that technology should be democratized for businesses of all sizes. By partnering with GSTN and the Government of India, we want to help companies take advantage of cutting-edge technology that helps them considerably improve their business and automate their GST and other compliance needs. Zoho Books will help businesses leapfrog the downsides of desktop accounting software, give instant access to the data, and improve transparency into daily business operations.”
Launched globally in 2011, Zoho Books released its GST-compliant version for India on July 1, 2017, on the eve of the GST rollout. Zoho Books comes with an array of features to help businesses streamline their accounting and stay compliant with the GST norms.
1. Collaborated accounting
Zoho Books is cloud-based, giving businesses the flexibility to work on the move. Businesses can generate GST-compliant invoices, improve cash flow with automated payment reminders, receive online payments, and work concurrently with their accountants without breaking a sweat.
2. Connected banking
Direct integration with partner banks ensures that businesses can raise loan requests, auto reconcile fetched bank feeds, and make/accept payments using payment modes (cash/cheque/NEFT/RTGS/UPI) directly from the software.
3. GST compliance
The software is auto-updated with GST laws. It supports direct filing for GSTR-1, GSTR 3B and GSTR 9. Moreover, businesses moving goods within and outside a state can generate e-way bills with just a few clicks.
4. Scalable ecosystem
Business can automate repetitive workflows to save time and effort. Additionally, Zoho Books works in conjunction with 40+ other Zoho apps, overcoming departmental silos to streamline entire business operations including sales, marketing, human resource, and finance.
About Zoho Books
Zoho Books is GST-compliant accounting software that helps businesses stay on top of their finances with billing and invoicing, reporting, and direct GST filing. Available in mobile and web versions, it takes the hassles out of accounting with bank feeds, receipt scanning and workflow automation. It works with other Zoho apps—CRM, Reports, Mail, Projects, Inventory, and Expense—to unify an organization’s front office and back office operations.
Zoho is the operating system for business—a single online platform capable of running an entire business. With 40+ apps in nearly every major business category, including sales, marketing, customer support, accounting, and back-office operations, and an array of productivity and collaboration tools, Zoho is one of the world’s most prolific software companies.
Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products. More than 45 million users around the world, across hundreds of thousands of companies, rely on Zoho every day to run their businesses, including Zoho itself. Zoho Corporation is privately held and profitable with more than 7,000 employees. Zoho is headquartered in Pleasanton, California, with international headquarters in Chennai, India. Additional offices are in Austin, Texas (U.S.); Renigunta, India; Tenkasi, India; Yokohama, Japan; Beijing, China; Singapore; Queretaro, Mexico; Byron Bay, Australia; Utrecht, Netherlands; and Dubai, United Arab Emirates. For more information, please visit www.zoho.com.