DataChannel X Zoho Books for Solid Accounting & Collaboration

Overview

Zoho Books is an online accounting software designed for small and medium sized businesses. It helps you manage your finances by keeping track of income, expenses, and bank transactions. With features like invoicing, expense tracking, and financial reporting, it simplifies bookkeeping tasks. It also integrates with other Zoho apps and third party services, making it easier to streamline your business operations. Overall, Zoho Books offers a user-friendly solution to handle your business finances efficiently.

In this blog, we’ll be talking in detail about the multiple benefits of DataChannel’s new integration with Zoho Books. DataChannel supports different endpoints that you can use to fetch relevant data for better collaboration as per your business needs. Let’s start firstly with why Zoho Books is a comprehensive Accounting platform for growing businesses.

Comprehensive Accounting Platform

• Invoicing: Easily create and send professional invoices to clients, track payments, and set up recurring invoices to streamline billing processes. 
• Expense Tracking: Record and categorize expenses effortlessly, capture receipts using mobile apps, and reconcile bank transactions for accurate financial records.
• Financial Reporting: Generate detailed reports like profit and loss, balance sheets, and cash flow statements to gain insights into your business's financial health.
• Integration: Seamlessly integrate with other Zoho apps and third party services to automate workflows and centralize business operations.

Why use Zoho Books & DataChannel together?

You can use DataChannel and Zoho Books together to build your centralized data foundation easily. The multiple endpoints from contacts, sales orders, invoices, etc will also be discussed later on and the various metrics that these endpoints support further. Zoho Books is one of the best accounting platforms available currently in the market and here’s how you can make the best out of this robust platform without having to actually build an API integration with the same on your own.

It is important to note that In Zoho Books, every business is termed as an organization. If you have multiple businesses, you simply set each of those up as an individual organization with a unique organization_id. To know more about how to generate an organization_id, go through Zoho book API documentation here.

• Grab all the necessary contact details: This endpoint helps you fetch some of the crucial contact details. These details or metrics can range from the type of contact, amount outstanding both receivable and payable (if any), currency code, if the contact is also using Zoho CRM or not, along with their activity status. These details can help segment contacts based on their activity on the platform and also associate a particular contact with their company and payment related terms and details.
• Sales Order Status: Businesses can get a complete view of all theri sales orders via this endpoint. The no. days in which a shipment is due along with the invoiced amount, and order creation and last modification date. These details become really important to get a sense and understanding of all your sales order details in a given time frame based on both the salesperson and customer’s name. 
• Get Invoice Data: You can get all your invoices stored safely in your data warehouse with DataChannel. Important details such as the invoice number, generation date, due date and email related details to send the reminder and the no. of days left to send out the reminder. Other metrics such as last payment date and transaction type if it is a renewable one or not, all of these metrics combined with sales order and contact related data can help you get a clearer picture of all your accounting activity down to a specific date and customer.
• Purchase Orders: A purchase order is the official document that a buyer shares with the seller specifying all the details around the product(s) that need to be bought. This endpoint also helps in fetching details of a purchase order for businesses. Details such as purchase order_is, vendor_id and name, with order quantity to be received details, order status and delivery date.
• Customer Payments: This endpoint can be used to get customer payment details such as account_id for a particular customer, account name, amount to be paid, if there’s any unused payment amount, and amount taxed for a particular customer payment. Other details such as payment mode & type, invoice number & payment_id can also be retrieved using DataChannel that might be unique to a particular customer or their payment.

Build your Centralized Accounting Hub with Zoho Books & DataChannel

Build your Centralized Accounting Hub effortlessly with Zoho Books and DataChannel. Leveraging DataChannel's seamless integration with Zoho Books, you can consolidate financial data from various sources in one place. Make your accounting processes hassle-free and gain real-time insights with DataChannel.