Zoho Books isn't as well-known as some of the other big-name competitors in the small business accounting world, such as QuickBooks or Xero, but nevertheless, Zoho Books is a great option. Indeed, for the most part, Zoho Books has all the features you could need, but at a fraction of the cost.

Zoho Books offers three different versions of its software. (While most other programs offer a 30-day free trial, Zoho Books only offers a 14-day trial.) The first version is called Basic, at $9 per month. In this version, you have the ability to create timesheets, projects, and invoices, track your expenses, and set up five automated workflows. You can have up to 50 contacts and set up two users.

The next version is Standard, at $19 per month. You get everything offered in the Basic Plan, only with three users, 500 contacts, and ten automated workflows. You can also send bills and vendor credits. The most advanced version is Professional, at only $29 per month. Here, you can have unlimited contacts and ten users, set up inventory tracking, purchase and sales orders, and have up to ten automated workflows.

The biggest downside to Zoho Books is probably its complete lack of payroll integration. This may or may not be a problem for your business. Additionally, report customization capabilities are extremely lacking.

However, there are not many other downsides to Zoho Books. The user interface is straightforward, friendly, and easy-to-use. Also, there are plenty of different templates to choose from for transaction forms, reports, and records - each of which includes a variety of fields for you to input important information. All records (as well as transaction forms) can contain ten custom fields each, which is a feature specifically unique to Zoho Books. In terms of contact profiles, Zoho Books is arguably the most thorough, with numerous different fields for each contact.

Especially for the price, Zoho Books is as good at many things as its competitors, such as, for instance, inventory management. The inventory management feature is so excellent because it allows more than just the standard fields like purchase description, rates, and accounts; it also includes fields for different units of measurement, rate per unit, preferred vendor, starting number, etc. Setting up price lists is a breeze, too.

Project management is another one of Zoho Books's specialties. You can assign users to a certain project, as well as assign specific tasks to specific users. Time-tracking is easy, and you can even make time entries billable. While Xero also excels at project management, it is safe to say that it falls short compared to Zoho Books. 

Zoho Books also has a state-of-the-art help section. It offers real-time chat, phone, and email support. This is significant considering most competitors lack at least one of the above.

Zoho Books is a comprehensive program that won't break the bank. With only a couple standard features missing, Zoho Books is probably the best bang for your buck.

See our selection for Best Accounting Software.