As the last quarter of the year arrives, we are back with yet another set of updates to make your accounting simpler. Let's see what's new this October:
Connected banking with HSBC (India)
We're excited to announce the HSBC connected banking integration, which lets you initiate vendor payments, make GST payments, fetch bank feeds, and keep track of your account balance in real time right from Zoho Books.
If you do not have the HSBC API credentials to integrate, then you can request them from the HSBC team using the contact form link on the integrations page.
Once you've configured your HSBC account, the Pay via HSBC option will be available in your bill, vendor, and GST payment tabs. You can also check your live account balance in the Banking module. Learn more about the HSBC integration
from our help document.
To set up the integration:
Go to Settings > Online Payments > Vendor Payments > HSBC Bank.
Enhancements to Zoho Books - Zoho Analytics integration
Integrate all your Zoho Books organizations with Zoho Analytics to generate consolidated reports. All organizations with the same primary currency as that of the base organization can be integrated. The data imported from your Zoho Books organizations will be synced to a single entity table in Zoho Analytics with an Organization ID column to help differentiate. Learn more about the Zoho Books - Zoho Analytics integration
from the help document.
Currently, you can integrate only one base organization and five child organizations.
To import data:
Go to your Zoho Analytics organization > Import Data > Select Zoho Books.
You can now enter the opening balance of your customers and vendors at the branch level. You can associate branches and the opening balances once you create a customer or vendor. On the Opening Balance details screen, you can view the list of opening balances in each branch under Account Receivables and Accounts Payables.
To add the branch-wise opening balance:
Go to the customer/vendor edit page, and then click + Add Branch in the Edit Opening Balance section.
Likewise, you can also filter the customer and vendor statements based on their branches in reports. If a customer or vendor started a transaction with Branch A and made the payment in Branch B, then the payment will be reflected in the customer/vendor statement of Branch B. You can also filter the customer or vendor statement based on the branch in the email attachment that you send to your contact.
To filter by branch:
Go to the customer/vendor details page > Statement tab > Click the Branches dropdown to select the branch.
We've now introduced an option to unfile the GSTR-1 in reverse sequential order from within Zoho Books.
If you have filed the GSTR-1 in the GST portal, marked it as filed in Zoho Books, and now wish to unfile it, you can do so by going to the GST Filing module.
Go to GST Filing > Select the month to unfile > View summary > Mark as Unfiled.
iOS15 and iPad15 updates in Zoho Books
With the latest iOS and iPad 15 updates in your Zoho Books app you can:
- Keep track of receivables and time tracking with the Receivables Summary and Time Tracking widgets.
- Note quick business insights while using the Zoho Books app by swiping up on your iPad.
- Use keyboard shortcuts by connecting your iPad to an external keyboard.
- Scan multiple barcodes at once to add line items.
- Use the Live Text feature to scan text from images to fill in the transaction details.
Do try these features out and let us know your feedback in the comments below. If you have any queries feel free to contact us at firstname.lastname@example.org
The Zoho Books Team