Effortless Budgeting. Simplify Your Finances with Zoho Books. See How.
Budgeting is an essential aspect of managing your finances, whether you run a business or are an individual looking to track your expenses. It helps you keep a track of your income and expenses, and helps you make informed financial decisions. However, budgeting can be a complicated and time-consuming process. This is where Zoho Books comes in.
Zoho Books is an online accounting software that makes budgeting easy and hassle-free. It provides a simple and intuitive interface that allows you to create, manage and track your budgets with ease. Here are some of the key features of Zoho Books that make budgeting a breeze.
1. Budget Templates
Zoho Books provides a variety of budget templates that you can use to create your budgets. These templates are pre-populated with common budget categories, making it easy to get started. You can also create custom categories to meet your specific needs.
2. Real-Time Data
Zoho Books integrates with your bank accounts and automatically updates your transactions, ensuring that your budget is always up-to-date. This real-time data helps you make informed financial decisions and helps you stay on top of your budget.
3. Budget vs. Actual Report
Zoho Books provides a Budget vs. Actual Report that compares your actual expenses with your budgeted expenses. This report provides a clear picture of how you are tracking against your budget, allowing you to make adjustments as needed.
4. Auto-fill budget amounts
One common budgeting strategy is to build your budget based on the first period. You can project your budget for subsequent periods based on the amount you’ve set for the first period.
In Zoho Books, you can enter the first period’s budget and specify an amount or a percentage to increase or decrease for the subsequent periods.
There are three ways in which you can auto-fill your amounts:
- Apply a fixed amount for each period
- Adjust by an amount for each period
- Adjust by a percentage for each period
5. Budget allocation and user assignment
In Zoho Books, you can set up budgets, based on expenses, categories, or expense types, to control your expenditure.
You can also create budgets for specific users in order to keep their spending in check.
6. Multi-Currency Support
Zoho Books supports multiple currencies, making it easy to manage budgets for international businesses. You can set your preferred currency and exchange rates, and the software will automatically convert transactions for you.
Zoho Books allows you to collaborate with your team members, providing you with a clear picture of your finances and budgets. You can assign tasks, set reminders and communicate with your team members, making it easier to manage your budgets together.
Tip: Zoho Books offers you three different methods to create budgets. You can:
- Auto-fill your income and expense accounts
- Pre-fill based on previous years’ actuals
- Enter data manually
a. If you choose auto-fill, you can auto-fill your budget amounts by applying a fixed amount for each period, adjusting by an amount, or adjusting by a percentage for each period.
b. If you choose pre-fill, you can pre-fill your budget using any of your previous years’ actual amounts.
c. If your budget doesn’t follow a pattern, you can enter the amounts for each period manually.
The budgeting feature is available only in the Standard and Professional plans of Zoho Books. You can purchase Zoho Books as a standalone application or get it with the Finance Plus bundle. Zoho Books is included in the Zoho One bundle, also known as the operating system for a business.
Zoho Books makes budgeting easy and accessible for everyone. Zoho Books provides you with the tools and features you need to manage your finances with ease.
If you’re looking for more information on how to use Zoho Books and other Zoho solutions, please contact us here or call (845) 221-3800.