Intuit's QuickBooks has been serving many customers for quite a while. However, it announced its discontinuation from the market on January 31, 2023. The company declared that its products and services would not be available in the country. The company also said that from July 1, 2022, they would not accept new signups from India.

A seamless continuation of financial systems is significant for its growth and sustainability. Currently, accounting software is the best way to make that happen. Zoho has always worked with a sense of understanding of the challenges businesses face to find a replacement for the present financial system.

Hence, Zoho Books has promised to solve the needs of all businesses looking for an alternate solution while helping them transition seamlessly. Zoho Books allows easy data migration and is a comprehensive and cloud-based financial platform that enables companies to manage finances, perform essential accounting functions, manage projects, track stocks, etc.

Zoho Books is a highly focused software that strengthens its operations, allowing businesses to simplify, abstracting GST filing and compliance, helping in e-invoicing, managing bill compliance, and gaining visibility into finances.

Why Did QuickBooks Not Work in India?

The company has made the challenging decision of not working in India anymore as it cannot deliver and even support products that meet the customer demands in India. The company has millions of customers internationally, with only over 1-2% in India (about 30,000 businesses roughly).

With this decision, Zoho has stepped in a while, offering customers many features. This is because so many businesses are moving from QuickBooks to Zoho Books. The suite of offerings that QuickBooks comes with includes cloud accounting, cash flow management, inventory management, and invoicing. It also comes with a practice management solution for an accountant called QuickBooks Online Accountant.

Timeline of QuickBooks in India:

Intuit introduced QuickBooks in the year 2012. But way before that, the accounting software kept running in versions such as alpha and beta for over a year. However, when the software entered the Indian market, it was positioned to target millions of broadband-connected small businesses.

When the company launched QuickBooks, Tally proved its biggest competitor, with a strong presence in the small and medium space. However, as time evolved, QuickBooks gained popularity in the market with features such as accessibility, user-friendliness, ease of installation, maintenance, and affordability.

Moreover, Intuit's QuickBooks also offered many capabilities, such as workflow automation, role-based access, customer power tools, customization, etc.

QuickBooks was also made GST compliant in the year 2017, which helped customers carry out transactions with new rates and without any disruption. In addition, it enabled the customization of invoice templates to display specific information.

Intuit also announced that it was working on strengthening the business propositions for SME customers. This helped in developing joint value propositions and leadership in the SME ecosystem.

The Withdrawal of QuickBooks:

Just as in many different industries, SMEs are ensuring that their processes get digitized. Bookkeeping, inventory management, delivery, and payments are all being digitalized. Moreover, SMEs are also boosting their technology investment.

Given the opportunities offered by accounting software, there are also unique challenges that are often difficult to traverse. SME is a broad term and consists of many enterprises, including local grocery stores, big brands, etc. Hence, SME-focused players must have detailed knowledge of the requirements that help offer appropriate solutions.

For a few years, many accounting software has been entering the market, and Zoho is one of the prime examples. The Atma Nirbhar campaign of the Indian government has played a significant role in doing this.

Zoho Books Coming In the Picture:

Just after Intuit announced QuickBooks being discontinued, Zoho also declared that it is now open to supporting and serving many customers of QuickBooks. In addition, Zoho also promises easy data migration that can enable customers to transition quickly to the platform.

Zoho Books has been in the market since the year 2011. It has a really strong base of customers, which continues to grow each day. The company is also focused on strengthening and expanding its operations by developing more features. Zoho Books is completely committed to helping businesses handle their finances and fulfill GST and other regulatory obligations.

It aims to serve businesses by offering them a world-class and future-proof financial management solution that can be relied on for growth. After the announcement by QuickBooks, Zoho has come into the picture by offering full support to customers in India looking for empowered accounting software. The company has a team focused on making this transition as easy as possible.

Why Choose Zoho Books?

Choosing and implementing accounting software is an important decision and requires a tangible investment. Therefore, it should be done carefully while keeping in mind whether the software meets a business's needs. 

Along with added features such as real-time inventory tracking and excellent customer support, it has quickly attained the status of one of the best accounting software. Designed for small businesses fundamentally, it also serves as one tool for freelancers and one-person shops.

Zoho Books is a software application that enables accounting to be simple, efficient, and straightforward without cutting on technology. From providing estimates to following up with the invoices, tracking inventory, and handling bill pay, Zoho Books consultant manages everything efficiently. Additionally, integrations with other Zoho products, such as CRM and project management, are also considered part of the plan.

Zoho Books is a software application that reimagines accounting with its auto scan, client portal, and transaction controls. If you are an entrepreneur who prefers streamlined, efficient and process-oriented working efficiency, then you should adopt Zoho Books for the best results and maximum productivity. 

Conclusion:

Zoho Books has always given QuickBooks serious competition, and there are many areas where Zoho clearly beats its opponent. Zoho Books is the perfect alternative to QuickBooks. It comes with affordable pricing, responsive and quick online support, and an easy-to-use interface that substantially enhances the online accounting experience for businesses.

It comes with add-ons such as the eWay Bill, Multi GSTIN, Client Portal, Sales approval, and Purchase approval that are unavailable in QuickBooks. In addition, Zoho Books offers free and reliable customer support, simple pricing, and an integrated business platform with easy import and export of data.

If you wish to move from QuickBooks to Zoho Books, you will get complete Zoho Books support to make that happen as easily as possible.