Compare Clear Books vs KhataBook

Summary

Clear Books is an advanced online accounting software that helps Uk based small businesses control and manage their essential finances with more visibility. Used by freelancers, contractors, sole traders and small businesses alike, the software helps with invoicing, purchase tracking and financial reporting in no time. It can create and forward professionally customized invoices to customers directly. Also, Clear Books adds more clarity by providing a complete record of ready-to-review business purchases and employee wise expenses. Allocation of bank transactions to invoices and bills enables the organizations to keep track of the unpaid bills. Also, features like searching, sorting, listing and collating invoices offered by the same turns out to be of great help while looking out for customers and suppliers. Automatic reports and Digital VAT return facilities offered by Clear Books helps companies make informed decisions and proceed with submissions to the HMRC as per convenience. Finally, admins can take control of the vital business-specific information stored within the software by streamlining role-based access rights. ..show more

KhataBook is an intuitive digital ledger app that helps micro, small and medium merchants to track and record their business transactions safely. It also allows users to send and receive online payments through UPI and QR code. Moreover, the app generated reports can be downloaded and shared by the users, with every transaction to maintain a proper schedule of debits and credits easily. It conducts automatic data backups, facilitating accurate protection against phone theft or loss. Khatabook automatically syncs all of the data, saving hours of users’ time. With the KhataBook QR, users can receive payments from any other app. They can send automatic payment reminders along with the payment links to customers and receive timely payments. The app provides 24x7 support available in 12 languages for any generated queries. More than 4 crore+ businesses have been registered for this app in 4000+ cities across India. ..show more

Zoho Books is a simple and affordable accounting software that specializes in keeping a detailed track of the cash flow of your business and helping you track your expenses and income. The software also provides you with multi-currency features that is helpful for an organization making transactions in multiple currencies across the globe. Zoho Books also offers professional invoice services along with a tax filing portal that allows you to directly file your returns. The software also provides other accounting services like Bank Reconciliation, and handling your general and accounts, letting you concentrate more on the core activities. ..show more

Accounts Payable Handling the money owed by a business to its suppliers.

Accounts Receivable Handling the money the client owes to the company.

Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

Billing and Invoicing This feature helps in issuing and handling the invoice and bills.

CPA Firms Offers collaboration with a professional expert for financial and consulting services.

Cash Management Collection and management of cash.

Collections Recovery of cash from a business or individual.

Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process.

Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

General Ledger Maintaining and recording all the accounting related transactions.

Multi-Currency Enables payment and collection in multiple currencies.

Payroll Handling the salary payable to the employees

Project Accounting Creation of financial reports specifically designed to track the financial progress of projects

Purchasing Acquiring goods or services required for the business at minimal cost

Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for

Spend Management Managing the expenditure of a business in order to build its product or services

Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Top alternatives to Clear Books

Xero

Quickbooks

Freshbooks

Wave

FreeAgent

Top alternatives to KhataBook

Zoho Books

OkCredit

Dukaan

myBillBook

Tally