Singapore is known for transparency in its government and its Accounting policies and procedures. Accounting in Singapore is governed by strict rules, regulations, guidelines, and more that are established by Singapore’s government. Many Singapore-based and international businesses are responding by using accounting software programs that conform to Singapore’s national accounting system. One of these software programs is Zoho books. More about this revolutionary software program will be explained below.
Zoho Books Cloud Accounting
The Zoho Books accounting software program integrates into the vast cloud network. This keeps your Singaporean-based or international business’s information safe, permanent, and accessible from anywhere. It contains many features and tools that will make it easier for your business to easily conform to and follow Singapore’s vast and strict accounting system, guidelines, rules, and more!
You can keep track of your financial and other business operations through the following features that automate them, keep records of them, and store them on a vast and permanent system (the cloud!)
- Automating repeat and mundane/standard tasks – these include data entry for statement and account reconciliation, invoices, various financial/accounting statements, and more!
- Streamlining the tax process – you can simplify the entire process of preparing and tracking tax documents by automating them and putting them online. Now you’ll always know where all your documents are. You’ll also know where you stand in terms of Singapore’s national tax law!
- Have globally accessible data – when you use an accounting program that is connected to the cloud, you’ll store your information on a network that can be accessed from anywhere!
- Use your accounting information with other business programs – since accounting is one of the pillar functions of business, it is necessary to integrate it into all of your other business operations. For example, you can integrate Zoho books into leading CRM software programs. This will streamline your billing cycle and operations. It will also make it easier for you to keep track of your sales pipeline, processes, and cycles.
- You’ll save the environment – by automating your information and placing it on a virtual and global system, you lessen the need for hard copies of your statements and other financial records. This saves trees and the environment. It also eliminates the possibility of losing vital documents, and it helps you better manage your accounting systems and cycles.
Zoho Cloud Accounting Singapore
When you use Zoho Cloud accounting in Singapore, you’ll have access to many features and tools that will give you almost ‘superpower abilities’ in terms of tracking and managing your financial documents and accounting systems. For example, you can instantly create and send out invoices to your customers. This ensures that payment occurs quickly and easily. You can also connect your invoices to be sent out and linked to a system that accepts electronic payments.
You can also do internal account and business management by emailing out regular reports about different and various aspects of company performance. You can improve these metrics through regular meetings with pertinent employees. Zoho offers you access to a dashboard. This provides you with a general overview of all of your business activities and operations from a financial standpoint. You can always ‘be in the loop’ with this valuable feature.
Zoho Accounting Price
Zoho comes in three plans:
- Basic – this one costs nine dollars a month. You’ll get the following features:
- Maximum of 50 contacts
- 2 users
- 5 automated workflows
- Bank reconciliation
- Custom invoices
- Expense tracking
- Projects and timesheets
- Repeat transactions
- Sales approval Budgeting
- Zoho sign integration
- Standard – this will set you back $19 a month. You will get the following features
- All of the basic plan features
- Store up to 500 contacts
- 3 users
- 10 automated workflows/module
- Bills
- Vendor credits
- Reporting tags
- Purchase Approval
- Twillio Integration
- Professional – you’ll pay $29 a month for the following features/abilities:
- All standard plan features
- Store more than 500 contacts
- Up to 10 people can use
- 10 automated workflows/modules
- Purchase orders
- Sales orders
- Inventory
- Custom domain
Zoho Implementation procedure
Follow these steps if you want to start using Zoho in your company:
- Create a diagram of all of your business and sales processes
- Filter out anything not related to CRM
- Import custom fields if you need them
- Prepare and test your data. Then import it
- Use Zoho. test the information and the system to see how it works. Fix any bugs immediately.
Zoho Accounting software
Zoho lets you do the following in relation to Accounting and CRM:
- Invoicing – you’ll get paid immediately by customizing invoices and sending to your customers electronically
- Estimates – you can manage your corporate sales budgets by creating professional invoices. You can then send them out to customers immediately
- Client portal – consolidate your customers’ transactions in an easy to view place and screen. This will give your customers freedom and confidence.
- Expenses – track your expenses accurately and electronically. You’ll be able to upload receipts. This will keep you ‘on top of the ball’ because you’ll always know who you owe money to and where your sales revenue is going.
- Bills – automated billing will help you track and manage your accounts receivables
- Banking – you can easily import and organize all of your banking transactions. This will help your CRM and accounting/financial management systems.
- Projects – by automating your projects, tasks, timelines, deadlines, deliverables, and more, you’ll always know what your real billing hours are. This translates into more savings and revenue for you.
- Inventory – you’ll always know the real story with your inventory when you electronically track it. You’ll automatically be informed of stockouts. You’ll also know the speed at which your inventory moves. You can do sales analysis if you automate your inventory.
- Sales orders – you can automate your sales process. This will allow you to send sales orders and receipts electronically. You can cross-check sales information before shipping orders out to customers.
These are just some of Zoho’s many features that will give you more control over your business processes and operations.
Singapore Zoho Packages
You pay in Singapore dollars for the following packages:
- Free – you pay nothing for these features and abilities
- Maximum of 20 subscriptions
- 1 user
- Hosted payment pages
- Works for many currencies
- Stripe compatible
- Allows offline payments
- Measures data related to customer subscriptions
- 24-hour email customer support on the weekdays
- Basic – you pay $39 a month. The magic that this package will let you work is:
- Ability to store up to 500 clients
- 3 people can use
- 3 automated workflows/modules
- All free plan features plus
- REST API & Webhooks
- Standard – this sets you back $79 a month, but you’ll get these features:
- Store up to 2,000 clients
- 5 people can use
- 10 automated workflows/module’s
- All basic plan features plus
- Web tabs
- Customer portal sign-on
- Domain branding
- Custom buttons
- Professional – you’ll pay $199 a month for:
- Store up to 5,000 users
- 10 people can use
- 10 automated workflows/modules
- All Standard plan features plus
- 24-hour live chat support during the weekdays.
Singapore Zoho subscription
Refer to the previous section for information on this. The Singapore Zoho subscription offers business owners in Singapore access to features that automate crucial business processes and operations. This helps them substantially increase their sales revenue streams and lower their expenses.
Singapore businesses can’t go wrong with Zoho
Indeed, having the Zoho cloud Accounting and CRM program suite is like having a staff of in-house MBA educated consultants working with you. You simply can’t fail in your industry if you choose Zoho.
