ZarMoney Reviews & Pricing

Key Features

• Invoicing: Create and send invoices in minutes. Give customers the freedom to pay directly from the invoice with the Pay Now option. Auto-populate fields from a customer’s database. 
• Reporting and Integration: Get instant access to over 1,000 customizable reports and 40+ built-in reports for different business functionalities=. Use insights from regular reporting to control the business. Integrate with leading market applications like Shopify, Zapier, Gusto and MailChimp. 
• Account Payable: Manage cash flow with Payable Calendar. Keep a tab on the bill status and create payments against the balances. Pay more than one vendor in one go. Upload, attach and send receipts and invoices individually or in batches. 
• User Access: Limit who can access the data with an advanced role-based entry system. Periodically monitor access, minimize risk and reduce cost by enforcing company policies. Ensure compliance with the latest standards. 
• Account Reconciliation: Know the real-time status of the bank account. Identify the cause of differences between cash book and passbook. Check for errors and frauds and keep all the information regarding payments and collections up to date.  
• Inventory: Minimize overstock and out of stock. Provide support for multiple locations and warehouses. Connect incoming inventory to existing POs. Provide support for split PO payments and enable predictive analysis. 
• Online Payment: Secure and optimized deposits to send money faster. Allow customers to pay invoices with one click and send invoices with a Pay Now button. Ensure instant posting of transactions to the history of the customer and ERP.  
• Quotes: Convert quotes into invoices with one click. Create, print and email personalized quotes. Automatically fill the details from the customer’s database. 
• Purchase Order: Ensure end-to-end management of the purchasing process. Know where the money is going and reduce cost by optimizing vendor pricing. Gain complete transparency by enabling an audit trail. 
• Sales Order: Streamline the sales process and gain complete visibility into the latest customer order status. Track and manage backorders and activate partial payment of invoices. Enforce the provision to accept prepayments and deposits.  
• Sales Tax: Specify tax zones according to store locations or customers. Add multiple tax zones. Automatically file and calculate taxes. Override invoice data when required.  

Approach to Common Accounting Challenges

• Time-consuming Data Entry: ZarMoney automates tasks like bank reconciliation and expense tracking, minimizing manual data entry and saving valuable time.
• Financial Disorganization: ZarMoney provides a centralized platform for managing invoices, receipts, and bank accounts, offering a clear overview of your financial health.
• Error-prone Calculations: ZarMoney performs automatic calculations for taxes, discounts, and other financial operations, reducing the risk of errors and ensuring accuracy.
• Limited Reporting & Insights: ZarMoney generates comprehensive reports and dashboards, providing actionable insights into your income, expenses, and profitability.
• Lack of Scalability: ZarMoney offers flexible plans and features that adapt to your growing business needs, ensuring your accounting software scales with you.

Cost Of Ownership

• Q: What are the current pricing plans for ZarMoney?
  A: As of January 26, 2024, ZarMoney offers two primary plans:
  • Solo: $15 per month for a single user with unlimited transactions.
  • Small Business: $20 per month for two users, with $10 for each additional user, and unlimited transactions.
• Q: Are there any additional fees or hidden costs associated with ZarMoney?
  A: No, ZarMoney does not charge any additional setup fees, data migration fees, or per-transaction fees. The monthly subscription price covers all core features and unlimited transactions.
• Q: Does ZarMoney offer discounts for annual subscriptions or non-profit organizations?
  A: Yes, ZarMoney currently offers a 20% discount for annual subscriptions, bringing the Solo plan to $12 per month and the Small Business plan to $16 per month. Additionally, they provide discounted pricing for eligible non-profit organizations.

Limitations

•  Can’t adjust the dashboard display. 
•  Confusing transactions. 
•  Trouble logging in. 
•  Navigation is not centralized. 
•  Doesn’t work well with mobile devices. 
•  Can’t customize the reports. 

Suite Support

FAQ

• Q: Can I import data from my previous accounting software?
  A: Yes, ZarMoney offers seamless data import from most popular accounting software programs. This ensures a smooth transition without manual data entry, saving time and minimizing errors.
• Q: How does ZarMoney handle multi-currency transactions?
  A: ZarMoney simplifies multi-currency accounting with automatic exchange rate updates and real-time conversion tracking. Users can easily generate reports in their preferred currency, enhancing accuracy and financial clarity.
• Q: Does ZarMoney offer inventory management features?
  A: Yes, ZarMoney's built-in inventory management system tracks stock levels, purchase orders, and sales in real-time. This optimizes inventory control, reduces stockouts, and improves overall operational efficiency.
• Q: How secure is my data in ZarMoney?
  A: ZarMoney takes data security seriously, employing bank-level encryption and secure cloud storage. Users can control access permissions and set up two-factor authentication for added peace of mind.
• Q: Can I customize ZarMoney reports to my specific needs?
  A: Yes, ZarMoney offers a comprehensive report builder with extensive customization options. Users can generate tailored reports on income, expenses, cash flow, and other key metrics, gaining deeper insights into their financial performance.