Compare organization managing books of accounts using accounting software with organization held up in ‘ancient’ financial records management. ‘Ancient’ oversight of financial records is where an organization primarily entrusts accountants and economists to draw and balance relevant financial documents. The role of financial managers in any organization cannot be belittled. They play a vital role anyway. However, the truth is they lie in the ‘humanity spectrum’ hence are prone to make unintentional errors. When errors are made in financial records, regardless of the intensity, an organization will not realize its real financial position. Using biased information to draw delicate decisions will definitely result in unprecedented consequences.
We are lucky and organizations are even more fortunate that we exist when nearly everything is getting automated. Machines and special software have been designed to improve the work’s accuracy, speed, and authenticity. Devices or specified software have a good record of the speed and accuracy of information because their output is not emotionally intertwined. Provided we fed accurate inputs to software, we will definitely get real results.
Drawing financial documents have been made much easier by ZipBooks’ software. ZipBooks, a software company based in Utah in the USA, launched free accounting software (ZipBooks) in 2015. ZipBooks Company is concerned with the stability of ZipBooks accounting software. They have continuously released an updated version with a better user interface and fewer bugs.
What is ZipBooks software?
ZipBooks is accounting software designed to assist business enterprises of any level, financial consultants, and individuals (including students and freelancers) in generating necessary accounting documents quickly. Users have an option of a free plan or a smarter plan. ZipBooks open plan, as the name suggests, is an unpaid version with restricted features. The free program allows users to connect with one bank account, track over one thousand expenses, receipts and track unlimited customers and vendors. The paid version of ZipBooks has extra features like create automatic payment remainder, connect multiple bank accounts, customize email invoices, and paying bills automatically. ZipBooks is currently available to iPhone users only.
How can ZipBooks assist you in planning your business?
Tracking time
Time is money! When running a particular project, it is more important to determine the duration it will take to complete. ZipBooks does precisely that. Users have a choice to set a timer in ZipBooks and make notes on project progress. Accurate time tracking eliminates procrastination and guarantees the accomplishment of more goals.
Precise business-reports
ZipBooks was primarily meant to assist businesses in keeping accurate financial records and generate relevant reports. ZipBooks creates formal financial statements, sales, expenses, tracking reports, and tax reports to users. The software has two bonus features—first, the business health score, which informs business managers how they perform as per the reports. The second bonus is the smart search function and invoice quality score, which traces vendors and customers available on the system.
Management of transactions
ZipBooks provides an elegant way of recording ledger book entries. In a paid version, the user can link ZipBooks with the bank account to minimize the tediousness associated with too many transactions. And it helps you to categorize your transactions automatically, thus saving your time of doing manual categorization.
Writing and sending of invoices
Invoices are used to request payments for services or goods delivered. ZipBooks have been designed to write these invoices with the option of customizing them. It allows users to add their logos, give out options for credit card payments, and track taxing rates for more comfortable future payments. You can even add a particular message to the invoice. After an invoice has been generated, a default email is used to send them to specific creditors. It makes the whole invoicing process look simple.
Vendors and customer management
The interface of ZipBooks has been made to track both salespersons and customers on the same screen. ZipBook categorizes those who are paid as vendors and those who made payments to you as customers.
ZipBooks have been priced according to the level of your firm. Startup enterprises with fewer daily transactions can choose a free plan with limited features. Financially stable companies can select the smarter plan with unlimited features.
The culture of doing business has changed. Manual tracking of transactions has been hindered by overwhelming daily, monthly, and annual transactions. ZipBooks minimizes frustrations that accountants are subjected to and guarantees accurate records of daily transactions. It’s time to ZipBook financial records.