Unlocking New Horizons: A Year in Review

Unlocking New Horizons: A Year in Review



As we bid farewell to 2024, let's celebrate and revisit the key highlights of the year. From adding a new edition to cross-platform enhancements, here’s a roundup of all the feature updates designed to simplify accounting, optimize financial management, and fuel growth. 



Zoho Books brings you a comprehensive set of new features and updates designed to streamline your financial management. 

Fixed Asset Management 

Zoho Books allows you to monitor your fixed assets, automatically calculate depreciation, and manage their sale or write-off when they are fully depreciated or reach the end of their useful life. 

Progress Invoicing 

With progress invoicing, you can create and manage invoices for long-term projects by billing clients in stages rather than in a single payment.

Invoice Management System [India Edition]

The IMS allows you to review the transactions filed by your suppliers in their GSTR-1, GSTR-1A, or IFF. You can choose to accept, reject, or mark the transactions as pending to accurately claim Input Tax Credit (ITC).

TDS Payments [India Edition] 

You can now easily view all your TDS liabilities, and record challan under the TDS module.

GST TDS [India Edition] 

GST TDS allows you to deduct a portion of payments to suppliers, which is then remitted to the tax authorities.

Early Payment Discount [Global, Germany, & UK Editions]

You can offer discounts to customers who pay their invoices before the due date.

Payment Retention

With this feature, you can set a retention percentage for your invoices, automatically withhold a portion of payments, and track retained amounts easily. Once contract terms are fulfilled, you can release or adjust the retained payments with just a few clicks.

Note: This feature is not available for the India and Kenya editions of Zoho Books.

XML Import or Export [Germany Edition] 

You can import e-invoices in XRechnung and ZUGFeRD formats to ensure compliance with the EN 16931 standard. Additionally, invoices can be exported via email in either PDF or XML format.

XML Manager [Mexico Edition] 

You can now directly fetch and import e-invoices in XML format from the SAT Portal to Zoho Books and add them as transactions.

E-Invoicing via PEPPOL [Germany Edition] 

With Zoho Books, you can create, send, and receive e-invoices via the PEPPOL network.

CIS Filing [UK Edition] 

Zoho Books allows you to file your monthly returns directly with HMRC and record the payments.

BACS payments [UK Edition]

You can now generate and export BACS files for your bills. This feature allows businesses to pay multiple vendors directly via BACS without manual entry.

Profit Margin Scheme [UAE & Saudi Arabia Editions] 

The Profit Margin Scheme allows businesses to calculate VAT only on the profit margin, not the full sale price. It applies to businesses selling second-hand goods, used cars, or certain retail items. 

Push E-Invoices to ZATCA’s Fatoora Platform [Saudi Arabia Edition]

Zoho Books enables businesses in Saudi Arabia to effortlessly comply with the new e-invoicing regulations by pushing e-invoices to ZATCA’s Fatoora platform.

Combined Tax Returns [Canada Edition]

Businesses can now generate combined GST/HST-QST returns, in addition to federal GST/HST returns and provincial tax returns such as British Columbia PST, QST, Manitoba RST, and Saskatchewan PST returns.

Smart BillPay [India, Canada & US Editions] 

The BillPay feature simplifies and streamlines the entire accounts payable process by automating everything from vendor onboarding to setting up approval workflows. It makes paying vendors more efficient and hassle-free.

File T4A & T5018 Slips [Canada Edition] 

Easily generate and file your T4A & T5018 slips directly to CRA with Zoho Books.

Revenue Recognition [US, Canada, Mexico, UAE & Saudi Arabia Editions] 

Revenue recognition ensures that businesses report their revenue accurately, reflecting when it is earned rather than when the payment is made.

Manage 1099 & W9 [US Edition] 

With Zoho Books, you can easily collect W-9 forms from contractors, send 1099-NEC and 1099-MISC forms at year-end, and file them directly with the IRS, ensuring full compliance with IRS regulations. 

Retainer Invoices [Mexico Edition]

We now support the Retainer Invoices module. You can now easily stamp and submit e-invoices to the SAT portal as well as cancel them directly from within Zoho Books.

E-Accounting [Mexico Edition]

You can submit the Chart of Accounts, Trial Balance, and Journal reports in XML format to meet SAT regulatory requirements. The Account Group Code field has been added to the Accountant and Banking modules, which helps you add the unique identifier provided by SAT and categorize account types.






Charge a Late Fee to Your Customers [US &Global Editions]

A late fee is an extra charge for overdue invoices. You can charge a percentage of your customer's invoice total or a fixed amount and choose to exclude loyal customers.

Apply Tax to Your Purchase Transactions [US Edition]

You can now apply use tax and other applicable taxes to your purchase transactions and track them using the Tax Paid Expense account.

Assign a Company ID to your Customers and Vendors [Global Edition] 

We’ve introduced the Company ID field on the Customers and Vendors creation page to enter your company’s unique identification number.

Apply Transaction Posting Date to Your Transactions [Global, US & Canada Editions] 

The Transaction Posting Date is the date when journal entries for transactions like invoices, bills, payments, receipts, credit notes, and vendor credits are recorded. 



Manage Tax Exemptions and Out-of-Scope Transactions [UK Edition] 

We have introduced the Tax Exemption and Out of Scope options to manage transactions that are either exempt from tax or fall outside the scope of VAT.

Apply TDS Surcharge and Cess to Your Bills [India Edition]

You can now create and apply TDS surcharge and cess to your bills. A surcharge is an additional tax applied to the existing tax, while cess is a tax imposed by the government for a specific purpose.

Apply Tax on Shipping Charge [US Edition] 

You can now associate tax or tax exemption with shipping charges, and the tax will be tracked in the Tax Payable liability account.



Associate TDS at Line-item Level [India Edition] 

You can now associate TDS at the line-item level. We have also introduced Direct Taxes under Settings, where you can select the TDS preference.

Minimized View for Web Tabs

This feature lets you access web tabs from anywhere within the app. In the minimized view, you can navigate between modules while keeping web tabs compact. 

Multi-criteria Workflow 

With this feature, you can now define multiple criteria and associate actions with a single workflow rule.



Alipay Payment Method 

You can now collect payments in CNY globally with Alipay as the payment method. You can also receive payments in various other currencies based on your Stripe account's location.

Klarna Payment Method 

Klarna offers the option to pay immediately, later, or in installments. Even if your customers choose installments or pay later options, Stripe transfers the full payment amount to the recipient right away.





Create Purchase Receives for Service Items

You can create a Purchase Receive for service items and verify if all your services have been fulfilled.

Set Opening Stock for Multiple Warehouses

You can set opening stock for multiple warehouses across different branches when creating or editing item groups with multiple products.

Select Items by Category in Bulk

You can now filter and select items from one or more specific categories when adding items in bulk to sales and purchase transactions.



Form 1099 Vendor Payment Report [US Edition]

Form 1099 is a report used to track payments made to non-employees like freelancers and vendors.

TDS Receivables Summary Report [India Edition]

You can view the total TDS deductions made on invoices, bills of supply, customer debit notes, and credit notes with this report.

Zoho Marketplace Extensions

Must-Have Zoho Books Extensions for 2024: The Best in Every Category!







Introducing the new South Africa edition of Zoho Books. This edition allows you to send and receive VAT-compliant transactions at SARS-approved rates, generate VAT201 and VAT Audit reports for returns, mark items as capital assets, and set standard rates for items and tax treatments for customers and vendors. 




iOS

  • We've redesigned the app with a sleek design and simplified interactions, making your accounting experience smoother than ever! 
  • You can now connect your bank account using Plaid. [US & Canada Editions]
  • Personalize transaction PDFs by customizing color themes, adding bank details, and including your signature for a professional touch.
  • We support adding reporting tags to transactions, customers, and items.
  • You can correct and make adjustments to an invoice that is in the Sent status. [Germany Edition]
  • You can now auto-generate customer or vendor numbers when creating customers or vendors.

Android

  • Collect a percentage of the invoice amount or a fixed fee as a late charge when the payment is not made by the due date.
  • You can now cancel or make corrections to sent invoices.
  • We have launched the new South Africa Edition.
  • You can now manually create bank accounts or automatically sync accounts with Zoho Books using Plaid and Yodlee. [US & Canada Editions]
  • Provide discounts to customers who pay their invoices a certain number of days before the due date.

Windows

  • We have now supported the Documents module.
  • You can split and make payments on your invoices.
  • You can now select French and Hindi as your language at the organization level in the app.
  • We have launched the new South Africa and Germany editions.
  • Configure your sender email preferences under settings.
  • You can now format text (bold, italics) within the comments section.


  • We conducted over 50 online webinars in 6 regional languages such as Marathi, Hindi, Tamil, Telugu, Malayalam, and Kannada, covering a wide range of topics and highlighting key features to help users navigate and make the most of Zoho Books.
  • We organized 21 community meetups across 21 cities in India, where users learned about the new updates and features of Zoho Books, along with useful tips and tricks for better usage.





Rochelle Spence

Business Manager, Communications Consulting Group

For nearly a decade, Zoho Books has been an integral part of our business. The integration with our CRM has greatly streamlined our financial processes, providing us with enhanced visibility and efficiency. The customizable features, especially late fee invoicing, have significantly improved our bookkeeping. Zoho Books has truly made managing our finances easier and more effective. 

Naveedh V.V

Make Your Own Perfume

Running a business requires smart accounts management. Zoho Books simplifies everything from invoicing to inventory in one easy, cloud-based platform. Access your data anytime, anywhere!




As we close out this year, we hope you've enjoyed the updates that have enhanced your accounting experience. Thank you for being a part of our journey, and here's to reaching new heights in the year ahead. 







        • Recent Topics

        • Subform edits don't appear in parent record timeline?

          Is it possible to have subform edits (like add row/delete row) appear in the Timeline for parent records? A user can edit a record, only edit the subform, and it doesn't appear in the timeline. Is there a workaround or way that we can show when a user

        • New in Cadences: Option to Resume or Restart follow-ups when re-enrolling records into a Cadence, and specify custom un-enrollment criteria

          Managing follow-ups effectively involves understanding the appropriate timing for reaching out, as well as knowing when to take a break and resume later, or deciding if it's necessary to start the follow-up process anew. With two significant enhancements

        • Im Stuck in an EDIT ONLY WITH WIZARD issue

          So I found Wizards to be a really helpful tool in minimizing the exposure of redundant, superfluous fields to staff that would never otherwise have to edit those fields. My issue is, that when the record (in this case a lead) is created with a wizard,

        • Account upgrade

          Good evening, I upgraded my account and paid for it. From standard to professional. Unfortunately after the paiment my account was not upgraded. Please your advise. Best Regards Erik van Staverden

        • How to set ALL default dates of my organization to DD-MM-YYYY format?

          All replies to this question comes from a time where the UI was different. It's extremely frustrating not being able to find how to do this simple setting change. I want everything and everyone in my organizations to have DD-MM-YYYY date format by default.

        • How can I sync from Zoho Projects into an existing Zoho Sprints project?

          Hi I have managed to integrate Zoho Projects with Zoho Sprints and I can see that the integration works as a project was created in Zoho Sprints. But, what I would like to do is to sync into an existing Zoho Sprints project. Is there a way to make that

        • Can we generate APK and IOS app?

          Dears, I want to know the availability to develop the app on zoho and after that .. generate the APK or IOS app  and after that I added them to play store or IOS store.. Is it possible to do this .. I want not to use zoho app or let my customers use it. thanks 

        • Zoho Subform Workflows onAdd of Row

          Suppose I have a form with attached workflows onLoad. If I use the form as a subform, will it inherit the workflows or do I need to create new ones onAdd of row?

        • Super Admin removal

          I brought a sub, and I gave the Super admin rights to a person who is no longer with us, so I need to change, and I need to make myself the Super admin

        • Better Notes Commenting

          Hi, I'd like to suggest better collaboration tools for NOTES. The current notes section for Accounts, Contacts and Deals is not ideally suitable for any degree of communication or collaboration. When responding to a note, there is no ability to leave

        • Exporting Templates

          I have just spent 2 hours creating a project template for a Netsuite configuration, and want to share it with other Zoho Projects users - who have a different account. Is there any way to do this?

        • Power of Automation:: Streamline Associated Teams based on the Task Owner update.

          Hello Everyone, A Custom function is a user-written set of code to achieve a specific requirement. Set the required conditions needed as when to trigger using the Workflow rules (be it Tasks / Project) and associate the custom function to it. Requirement:

        • No Response from Zoho Support in 8 Days - Typical?

          I have a couple of issues I'm trying to work through. Initially, I was getting support from support@zohofsm.com, but I have not received a response in 8 days (11 on another question). Is this typical? Can I pay for support? For context, I am not spamming

        • Add QUOTE OWNER profile image to a Quote Template

          I can add their email address.. phone number, DOB. I need to add a users profile picture so when they assign a template to a quote they own it adds their picture to the cover page. I've tried hacking a solution together but there has to be an easier way.

        • Zoho Connections Desk API relative URL PATTERN_NOT_MATCHED

          While i am trying to do this: async function fetchTicketsFromDesk(timeFilter = 'current_month') { try { const response = await ZOHO.CRM.CONNECTION.invoke("desk_connection", { url: "/api/v1/tickets", method: "GET", }); const data = response.details ? JSON.parse(response.details)

        • Zoho CRM - Custom Views for Portal Users

          I'm looking for an option to customise custom views for portal users in CRM. It would be great if "portal user" was a permission on custom views.

        • 【参加無料】10/17(金) 東京 ユーザ交流会 Vol.3 参加登録 受付開始！

          ユーザーの皆さま、こんにちは。コミュニティチームの藤澤です。 10/17(金)に、東京・新橋で「東京 ユーザー交流会 Vol.3」を開催します！ 今回のユーザー事例セッションのテーマは、「Zoho Flowを活用した他社の決済サービスとの連携事例」です。 さらに、Zoho Flowに限らず、Analytics や Campaigns などの多彩なZohoサービスの活用方法について、豊富なご経験をもとにご紹介いただきます。 また、Zoho社員セッションでは、Zoho CRMを活用して日々の営業業務を効率化する具体的な事例をお話しします。業界を問わず、幅広い方にご参考いただける内容となっています！

        • Zoho Meeting Plug compatibility with newer versions of Outlook

          Documentation states that the zoho meeting plug in for outlook is only compatible with versions up to Outlook 2019 What is available to users of more up to date versions of outlook/office 365?

        • Getting Attachments in Zoho Desk via API

          Is there a way to get attachments into Zoho Desk via an API?      We have a process by which a zoho survey gets sent to the user as a link in a notification.    The survey has several upload fields where they can upload pdf documents.    I've created

        • Introducing Zoho's own SMS gateway

          We're thrilled to announce the launch of our own SMS gateway feature within Zoho Marketing Automation! This new feature enables seamless SMS campaign management alongside your email marketing initiatives, providing a more integrated and efficient way

        • Embedding in Desk articles

          We would like to embed documents in our Desk articles. When we use an iframe for the embed, we get scrollbars and a frame border. Neither of those is acceptable. I've spoken with the Desk Support team about what we want and they tell me that it cannot

        • Zoho CRM button to download images from image upload field

          Hello, I am trying to create a button in Zoho CRM that I can place in my record details view for each record and use it to download all images in the image upload fields. I tried deluge, client scripts and even with a widget, but feel lost, could not

        • Mass Update Contacts In Zoho Campaigns

          Is there a way to mass update contacts in zoho campaigns? I want to be able to change the content of a field for a few hundred contacts, and can't go through all of them individually.

        • report showing assignment type

          Hi, We've created a number of workflows to allow us to auto assign tickets to agents based on keywords and other criteria. I'm struggling to create a report that would show me what is the percentage of tickets that are assigned automatically via workflows

        • Option to Disable Knowledge Base Section in Feedback Widget Popup Hello Zoho Desk Team

          Hello Zoho Desk Team, How are you? We are actively using Zoho Desk and would like to make more use of the Feedback Widget. One of the ways we implement it is through the popup option. At the moment, the popup always displays the Knowledge Base section,

        • Placeholders in Ticket Templates

          We should be able to use placeholders in ticket templates. When we create a new ticket, our description field is shown to the client in the email they receive.  It would be very handy to be able to personalize that description field in our ticket templates to pull in the name of the client that the ticket is for. Using them in the subject field as well, so we can auto populate Account Names, etc. 

        • when the record is created the tag want to Show as Opportunity how i achive this using Deluge Script

          In the quotation i have the work flow schedule for create opportunity record in the module , on that time the quotation tag select as opportunity created. How i achive this using Deluge Script . this like i want to Do tag1 = Map(); tag1.put("name","Nurturing

        • Delete a channel

          I need delete a channel in tickets.

        • Copy / Duplicate Workflow

          I have workflows setup that are very similar to each other. We have a monitoring system watching servers, and all notifications - no matter what client it is about - will come from a  noreply@ address which is not very helpful in having it auto assigned to the right account. I have setup a workflow that will change the contact name of the ticket (currently it would say noreply@) to the correct customer which is based on the subject line, as that mentions which server the alert it is about. I need

        • Subtasks don't update parent task's times

          Hi there: I've recently upgraded to premium and check that subtasks completion % don't update the proportional completion of the parent tasks related to it.  We've been challenging with the problem of having to update twice or sometimes 3 times the completion of the related tasks. I've seen posts similar to this, of 3 years old.  Is there any roadmap for making this happen in a future release? Thanx César Ratto Lima, Perú.

        • Should I Use DMARC?

          When I configure Zoho Mail's DMARC settings, it's mandatory to fill in the RUA and RUF (Aggregate notification email address*, Forensic notification email address*) addresses. When we enter an email address in these fields, we receive reports from the

        • Mail ToDo & Tasks Webhooks

          Our company uses Zoho ToDo inside Mail to manage our tasks. When I create a task and assign it to a team member it does not notify them unless I add a reminder via mail. I'm trying to create a webhook for when a task is created to send a cliq message

        • Can't upload attachments.

          I can't upload attachment in Zoho Mail.

        • Tip #44 – Get Deeper Insights with Zoho Assist’s Custom Reports – ‘Insider Insights’

          In today’s fast-paced IT environment, having a clear view of your remote support activities is more important than ever. Zoho Assist’s Custom Reports feature gives IT teams the ability to generate tailored reports that provide actionable insights and

        • Message "...does not support more than 100 distinct values..." WHY????

          I get this message on one of my reports: Sorry, Zoho Reports currently does not support more than 100 distinct values in columns. 'Account Name * Sum(Amount),Count(Amount Tier)' contains more than 100 distinct values.  Possibly, you can apply filter to reduce the number of distinct values in 'Account Name' or drop the 'Account Name' field in Rows. I want to list all ACCOUNT NAMES (about 500) with SALES BY ACCOUNT.  What is blocking this?

        • Setting up primary mobile number.

          Hi Sir Earlier I joined IIFL team and got an organizational email of zoho services. Later i quit and now my account is deactivated with IIFL but i am unable to link my mobile number to my own email id with zoho.

        • Need Easy Way to Update Item Prices in Bulk

          Hello Everyone, In Zoho Books, updating selling prices is taking too much time. Right now we have to either edit items one by one or do Excel export/import. It will be very useful if Zoho gives a simple option to: Select multiple items and update prices

        • Let's Talk Recruit: Super-charge hiring with Zoho Recruit add-ons

          Welcome back to our Let’s Talk Recruit series! This time, we’re diving into something that might seem like a small upgrade but has a huge impact on recruiter productivity: Zoho Recruit add-ons. Think about how much of your day is spent in your inbox or

        • Vendor Signatures Needed for Purchase Orders

          Hello everyone, We have a unique requirement that necessitates that Vendors & Suppliers formally acknowledge our Purchase Orders upon receipt. I was hoping that there would be an option to do so in Zoho Books, but that does not appear to be the case.

        • Is there an API to "File a Ticket" in Desk

          Hi, Is there an API to "File a Ticket" in Desk to zoho projects?

        • Next Page