As Flare Compare Team, we understand the importance of having the best financial reporting features when it comes to accounting software. Here, we’ll compare the financial reporting features of Zoho Books and QuickBooks to help you decide which one best fits your accounting needs.
Overview
QuickBooks and Zoho Books are two notable accounting software options that both offer useful financial reporting features. QuickBooks has been in the market longer and is considered more widely used mostly by small to medium-sized businesses. Zoho, on the other hand, has great feature options and is considered more budget-friendly.
Now, let's dig down and compare some specific features and capabilities.
Financial Reporting
Zoho Books
Zoho Books offers numerous financial reporting options with over 50 templates, customized charts, reports with highlighting options, and data filters that allow the user to filter data by various categories like date range, account type, tags, etc., to gain insightful visualizations, unlike Quickbooks.
QuickBooks
While QuickBooks has its share of chart and report templates, its range of reporting is not as extensive as Zoho Books but can generate reports for various financial transactions, customers, and vendors. However, it lacks the editing and filtering features that Zoho Books provides with its Financial Statements.
Comparison
| Software | Number of templates | Customizable reports | Data filtering | Editing and visualizing data |
|---|---|---|---|---|
| Zoho Books | Over 50 | Yes | Yes | Highlighting, Custom Charts |
| QuickBooks | Limited | Yes | No | Limited Visuals |
Conclusion
Overall, both Zoho Books and QuickBooks provide useful financial reporting features. If you are looking for software that provides more creatively designed financial statements that specifically suit your business's needs, Zoho Books is the ideal option.
QuickBooks seems to be the perfect pick if your business requires more basic finance reporting features, especially keeping up-to-date with invoicing, cash flow tracking, and payroll management.
We hope this comparison of the two accounting software systems was helpful to you. Ultimately, the decision on which of these popular options to choose may come down to personal preference, which features better fit your business, and financial constraints.
References
“Quickbooks.” Quickbooks, 2021, https://quickbooks.intuit.com/. Accessed 6 Aug. 2021.
“Zoho Books.” Zoho Books, 2021, https://www.zoho.com/books/. Accessed 6 Aug. 2021.