ZOHO BOOKS - MASTER THE ACCOUNTING SOFTWARE (Notes)
ZOHO BOOKS - MASTER THE ACCOUNTING SOFTWARE (Notes)
ZOHO BOOKS - MASTER THE ACCOUNTING SOFTWARE (Notes)
DEBIT CREDIT
Asset : Liabilities :
- Cash in hand - Loan
- Cash at bank - Wages payable
- Equipment - A/C Payable (you’ve
- Property purchased things and you
- A/C receivable (ppl owe have to pay for them)
you money after you sold
them goods or services)
- Interest receivable
- Inventory
Draw : Equity :
- Check withdrawal - Owners equity
- ATM withdrawal
Expenses : Revenue :
- Rent - Revenue from service
- Electricity - Revenue from products
- Overhead - Accrued interest
Components :
Get paid faster : Send professional invoices to clients and start accepting online payments.
It’s simple, fast, and convenient.
Track expenses better : Know the ins and outs of your expenses and save money in the
future. Track, categorize, and bill them to your clients all from one place.
Automated banking : Connect Zoho Books to your bank account and get a real-time update
on your cash flow. Monitor transactions and categorize them instantly.
Collaborate using Client Portal : Share recent transactions, expedite estimate approvals,
accept bulk payments, and capture customer feedback with the portal.
Powerful reporting : Stay on top of your finances with powerful accounting reports like P&L,
Balance Sheet, and Cash Flow Statement.
Track inventory in real-time : Keeping track of your inventory is no longer a chore. Enable
inventory tracking and manage goods as they come in and go out.
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