As you’re going to see, the bookkeeping fundamentals don’t change a bit, when you swap out one cloud accounting package for another. We’re going to book the very same transactions, in each product.

In the T-Accounts template, you will find a new tab there for Zoho Books. I’ve kept the transactions from the first 2 lessons, where I gave you an overview of the bookkeeping fundamentals. If you haven’t already, I highly recommend that you review the first three lessons. Then come back here to work on Zoho Books:

  1. LESSON 1 – DEBITS AND CREDITS
  2. LESSON 2 – T-ACCOUNTS – BASIC TRANSACTION FLOW
  3. LESSON 3 – FINANCIAL STATEMENTS IN QUICKBOOKS ONLINE, XERO, SAGE ONE, AND ZOHO BOOKS

Now let’s look at how to capture revenue in Zoho Books.

To create new transactions in Zoho Books, you’re looking on the top left.

Click on sales, and a drop down appears. You will immediately see that you can create the following sales and sales related transactions in Zoho Books:

  • Estimates
  • Invoices
  • Payments
  • Recurring Invoices
  • Credit Notes

Most of this is straightforward. Watch the video to learn the accounting fundamentals along with the software.

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