Zoho Takes on Quickbooks with New Accounting Application

Zoho launched the 26th addition to its growing suite of Web-based applications: Zoho Books. It's now available both from Zoho and from the Google Apps Marketplace. It costs $24 per month, with two users included. Additional users will cost $5 per month.

The application also integrates with Paypal, Google Checkout & Authorize.net to receive payments. Bank transactions need currently need to be adding manually, but Zoho spokesperson Raju Vegesna says bank integration will be implemented soon.

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The new application already integrates with Zoho's CRM and spreadsheet applications, and the company plans to offer more integrations in the future. Zoho Invoice users should be able migrate to Books seamlessly.

Zoho is now competing not only with Quickbooks, but with several other cloud financials services such as Erply, ERPNext, FinancialForce.com and MyERP.

Zoho rolled out a new integration every six weeks last year. Last month we asked whether Zoho would continue expanding its offerings or focus on what it already has. Looks like have our answer.

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