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Wed 24 Jan 2018 05:08 PM

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Accounting and beyond: Empowering business teams in the UAE

Brand View: With Zoho Books you will be able to accomplish much more than generating VAT compliant invoices and filing VAT return

Accounting and beyond: Empowering business teams in the UAE

In this age of business beyond borders, companies have a pressing need to employ scalable software solutions. Why? Well, to start with, a typical company consists of many teams with different ways of organising their work.

You might have mobile sales teams working on multiple operations in several different cities, for which you need separate tracking tools. While this may give you more control on a granular level, it can backfire if your tools aren't well integrated.

Your team might be required to spend valuable time and effort on data entry, matching parameters and drawing inferences by hand. This approach also increases the chances of vital information getting diluted (due to miscommunication or human assumptions) or falling through the cracks while it's being transferred between these individual systems.

Let us look at what you'd need to do to fix this.

Your first step should be to select an integrated solution that is tailored to the needs of your business. With a scalable accounting solution like Zoho Books, you will be able to accomplish much more than generating VAT compliant invoices and filing VAT returns.

You can link bank accounts, reconcile transactions, centralise all sales and purchases, manage timesheets for various projects, and keep track of all your revenue sources including contracts and rent.

Zoho Books is a feature-rich accounting app by itself, but its ability to scale up through integration with other apps is what makes it a great choice for a rising business. In a previous article, we explored a few powerful integrations for payments, multi-channel order management, and automated expense tracking. Today, we will look at some other useful integrations that can help you streamline your business processes.

Supercharge your sales teams

Your sales team does more than just sales. They are the first points of contact who create lasting relationships with your prospective clients, and they're also the strongest line of defence when it comes to your brand image. Long-term clients often reach out to your sales team even before calling up your customer support, because they want to talk to someone they already know.

So it's important to make customer history information— orders, payments and even support tickets related to their ongoing issues — available to your sales team. You can do this by integrating your Zoho Books organisation with our customer relationship management software, Zoho CRM, which automatically trades customer and vendor information, inventory details and payment information with your Zoho Books organisation.

On top of giving you the tools to manage your entire sales process, Zoho CRM will also allow you to run campaigns, define blueprints, connect with Zoho SalesIQ to manage leads coming in from your website, and promote constructive rivalry between your team members through gamification.

Automate your periodic revenue generation

If your company sells products or services on a subscription basis, then you probably appreciate the built-in recurring invoices module within Zoho Books, which automatically generates periodic invoices and emails them to your customers. However, if you wish to reduce churn and manage dunning, or see insights specific to your subscription plans, then you need Zoho Subscriptions.

When you integrate Zoho Subscriptions, you can instantly manage multiple subscription-related invoices, handle refunds, associate discounts or coupons with your subscription plan, or automatically notify your customers if there's a payment failure. VAT compliance is ensured at all times through a seamless integration with Zoho Books.

Bring the whole team up to speed and collaborate seamlessly Whether you are planning an event for your company or billing customers for your services by tasks or hours, you still need to account for your project expenses.

Keep track of your billable hours and the invoices you've sent to your customers by integrating Zoho Books with Zoho Projects. It's designed to help you set milestones, create tasks, and track dependencies across multiple projects. You can also create custom project dashboards, manage project feeds, and share files while collaborating with customers and third parties. Software developers and SaaS companies can also track code changes made in Github or Bitbucket.

Derive all the insights you need with advanced analytics

If you already use Zoho Books for accounting, then you will be familiar with its 40+ actionable reports, including P&L statements, journal entry reports, customer balances, stock tracking reports, and VAT returns, all of which can be further categorised based on reporting tags.

Businesses that need even more reports can integrate Zoho Books with Zoho Reports to enable advanced analytics. This means 70 more predefined reports, graphs, and charts, plus the ability to generate your own customised reports based on the data you feed into Zoho Books.

These in-house integrations will help you manage every area of your business while saving a lot of time and effort. Are you a business owner in the UAE? Try Zoho today and see how we can add value to your business. Have a question about VAT or Zoho Books for the UAE? Drop an email to support@zohobooks.com or call us toll-free at 80004440824. You can also learn more about VAT from our resources section.

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The content is supplied by Arabian Business Brand View Partners.

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