What's new this March 2020 in Zoho Books

We've been making continuous efforts to enrich your accounting experience by paying attention to the details in Zoho Books. As a result, we have a lot of new enhancements in store for you this March.

From releasing the long-awaited auto-forwarding of bank statements for all the editions of Zoho Books to launching a search tool for the folders in your documents, read up to know all the enhancements we've worked upon in the previous month.

Auto Forwarding Bank Statements is Now Available for All Editions

You can now auto-forward your bank statements from your email directly to all editions of your Zoho Books organisation. These bank statements will be stored in the dedicated inbox for bank statements in the Documents tab.

To do this: Go to Documents > Inboxes > Bank Statements.

Learn More.

More Supported formats for Auto Forwarding your Bank Statements

In addition to the PDF format, you can now also import statements that are the following formats: CSV, TSV, XLS, OFX, QIF, CAMT.053 for India, Bahrain, UAE and Saudi Arabia.

For other all the other editions, you can only import statements that are the following formats: CSV, TSV, OFX, XLS, QIF, CAMT.053.

Received Payment Option for Invoices

If you have already received the payment for your invoice, you record the payment mode and select the account to which the payment will be recorded all while creating a new invoice.

Note: To enable the option, you should first check if your user role has the permission to receive payment for invoices.

To do this: Go to Sales > Invoice and create a new Invoice.

Manage Additional GSTINs for your Customers (Indian Edition)

For businesses that are operating in different locations, it is mandatory for them to obtain a separate GSTIN (Goods and Services Tax Identification Number) for each location.

In Zoho Books, you will be able to associate the additional GSTIN with a new address you’ve added for your customer and track the taxes in your transactions accordingly. Learn more.

Search your Folders in Documents

Businesses deal with a substantial amount of documents on the daily, each classified based upon their category in the form of folders. Scrolling through the list of folders just to find your file is quite an extra hassle.

In Zoho Books, you can now just search for them and narrow down your search, instead.

To do this: Go to Documents in the top right corner.

List Page for All Scheduled Reports

Keep track and view the details of all the reports you've scheduled in our dedicated Scheduled Reports page. It details the frequency of your scheduled reports, the user who scheduled the report, the email recipients, the status for your scheduled report, the date when your next report is due and the file format of your choice for the scheduled report.

To do this: Go to Reports and click Scheduled Reports in the top right corner.

Accountants can now approve GST Returns (Indian Edition)

The Accountant role is a default role in Zoho Books for the accountants who take care of your organization's tax filing and compliance.

Users who have been invited as Accountants in Zoho Books can now approve GST returns from Zoho Books. As you cannot undo a GST filing, this ensures that your GST returns are verfied by your accountant before they are filed to the GSTN.