We are back with the 13th edition of Zoho Books Digest. Here's what we have in store for the community this month.
Zoho Finance Roadshow 2022 (GCC)
We're coming to your favourite cities in the Middle East! Join our session where we walk you through our powerful financial platforms that cater to all your financial needs. This roadshow is a wonderful opportunity to meet with Zoho solution experts, gain insights from industry influencers, network with peers, and learn from customer success stories.
Save your spot in a city near you today!
Managing your business accounting and banking on separate platforms can be an herculean task. From reconciling bank accounts to making vendor payments, working in silos can reduce your teams productivity and efficiency.
With the Zoho Books connected banking initiative, we aim to bring the world of accounting and banking under one roof. Adding to the long list of banks, we would like to highlight the Zoho Books and HSBC integration.
With this integration you can:
- Initiate payments to your vendors
- Initiate GST payments directly from Zoho Books
- Fetch bank feeds and reconcile transactions effortlessly
- View transaction statuses and real-time account balances
Apply TDS for Invoices, Bills of Supply, and Debit Notes (India edition)
Calculate and apply Tax Deducted at Source (TDS) for your invoices, bills of supply, and debit notes after selecting the TDS section of your choice. You can also choose to edit or delete a particular rate.
If you do not find the TDS section you're looking for, you can create a new TDS section along with the rate by managing TDS. You will also be able to mark your TDS section as a higher TDS after providing a reason.
You can choose to track your TDS payables in your Other Current Liability accounts and your TDS receivables in your Other Current Asset account. If you want to track your TDS receivables and payables in a new account, you can do so by creating a new account in the Chart of Accounts.
To apply TDS:
- Go to Sales > Invoices.
- Create a new invoice.
- Select TDS and select the applicable tax from the dropdown.
In case you missed it
We successfully completed the second session of our Solutions Talks, "Reimagining Business Finance SELISE's Digital Transformation Journey," where Julian Weber, CEO of SELISE Digital platforms, shared industry insights and his 10-year Zoho Books journey with the audience.
In this edition of Digest, we are thrilled to share the success story of Therapedic Mattress India, a leading company in the mattress industry with over 60 years of experience. Here is what Ashish Mehta, director of the firm, has to say about Zoho Books:
"Our company has multiple branches spread across India. Monitoring the financial activities of all these branches was impossible on Tally and Busy. In 2017, we came across Zoho Books, which helped us view our financial data in real time. With features to handle branches and multiple GSTINs, we were able to maintain the accounts of all our branches in a single organisation. Since the product is intuitive to use and requires no special training, it was easy to switch to Zoho Books."
We're eager to hear and share more stories about businesses using Zoho Books. If you would like to share your story with us, let us know in the comments, and we'll get in touch with you!
Until next time!
Customer Relations | Zoho Books