Gridlex Sky offers free, effective and quick data migration including transactions, vendors, customers, chart of accounts from Zoho Books India, Excel Exports and other accounting software.
Gridlex Sky offers effective and quick data migration, including transactions, vendors, customers, items, chart of accounts (COA) from Tally, excel, or other formats to the cloud at free of cost. The users of Gridlex Sky can import total data from Zoho Books. Gridlex will help in migrating the data of the past two or three years and provide ready-made software before delivering the logins.
In Zoho Books, customer support systems are limited, whereas Gridlex Sky provides in-person expert support for all your queries and integration-related questions.
Zoho Books offers a limited number of features at ₹899 organization/month and can go up to ₹9,599 organization/month. If the user requires more features, they will have to pay extra charges or opt for a higher-tier plan. In contrast, Gridlex Sky offers one ideal plan including all the features for ₹7000/year where users do not have any entity restrictions or limits, enabling them to use the platform at best with no extra cost.
Zoho Books doesn’t provide in-depth insights on the dashboard. In contrast, Gridlex Sky offers AI-driven insights that will help you increase your profits. Gridlex's AI will track your expenses and income in real time, and it analyzes the data to identify areas where you can cut costs and increase profits. Users can use Gridlex Sky accounting software to gain deeper insights of their company's financial data and work on generating better strategic decisions. Gridlex Sky improves business efficiency and competitiveness by providing an efficient decision-making management information system (MIS) report to assess your organization's performance.
Zoho Books have very limited customization options. In addition, they do not offer custom objects, making it challenging to create field mappings for revenue items like deposits, subscriptions, etc. In contrast, Gridlex Sky allows users to create customized invoices, bills, and journal transaction templates based on industry-specific needs. Users can add custom fields/objects in invoice & bill and transaction templates.
Zoho Books doesn’t offer an industry wise chart of accounts. In contrast, Gridlex Sky offers in-built industry wise charts of accounts that can be mapped from Gridlex Sky and are customized based on your sector.
Fixed assets are of great value for the company. These assets depreciate i.e. lose their value over time. So, it is necessary to have a Fixed Asset Management Register where all the details of these assets are recorded. Zoho Books doesn’t have a Fixed Asset Management Register. In contrast, Gridlex Sky offers an efficient fixed asset management register where users do not have to put efforts to calculate the depreciation entries as the software allows automatic depreciation calculation. In addition, Gridlex Sky fixed asset management register displays the depreciation reports and schedule of all the assets assigned in the system. It also displays any changes that have been made to an existing asset including additions, deletions and modifications.
In reality, managing duplicate entries can be a tedious and time-consuming process. But, Gridlex Sky has a duplication feature that lets users analyze numerous duplicate items at once and eliminates the mistakes in your data. For example, if a bank document uploaded by you contains any duplicate transactions, then Gridlex Sky provides a detailed report on the duplicate bank entries in the uploaded statement. Zoho Books doesn't have a duplication transaction Report of Bank statement
Gridlex Sky offers customized templates and provides a detailed report of the total transactions of customers and vendors. Here, users have the flexibility to add section/objects/fields to the list which allows them to track the entire revenue & cost cycle and can manage the reports by center/division/label wise.
Customer and vendor management is a crucial part of accounting software. Gridlex Sky allows users to view the status of each invoice or bill. Users can view it as open, paid, partially paid etc. This overall improves the tracking ability of the transactions i.e. purchase and selling history.
Gridlex Sky allows users to directly upload bulk items with stock details. Gridlex Sky AI Inventory Advisor allows users to gain inventory sales and inventory purchase insights simultaneously. Users can view their inventory performance with comparison of previous year for 30 days, 90 days, and one year on a single dashboard. In addition, Sky users can track inventory by item wise & automated stock updated entry when we made any stock adjustments & much more detailed reports of inventory items & stock aging analysis.
All applicable taxes with different rates under different tax categories that apply to your organization can be imported, allowing you to create invoices and account bills. The customizable option of our software allows organizations to create different tax items under various tax categories along with additional fields. So they can add 'n' number of tax items and categories applicable across the world. E.g., Organizations will be able to add additional tax line items and categories like Customs Duty, Excise Duty, VAT, etc to the standard list of tax items under the respective categories.Gridlex Sky has built-in and updated GST and TDS Tax line items that give better financial reports and automated GST filings.
Gridlex Sky offers an in-depth and customized reporting and analytics solution. Compared to Zoho Books we have better AI advisory reports that give better reporting on analyzing the Financial data where top level management can review their business performance and can track revenue and cost by goods or service level wise.
Gridlex Sky enables you to customize invoices formats and management reports to your specific organizational needs as per their industry standards. Whereas, customizations are limited in Zoho Books.
Gridlex Sky offers the best of security and reliability with Security-NIST Certification, Non-disclosure agreement and SLA terms.
Gridlex Sky offers an in-depth report that helps to track customer payments and improve revenue cycle and provide an invoice reminder. With Gridlex Sky, you’ll get an in-depth P&L, Balance Sheet and other reports, like Item wise profit and loss statements, Division wise profit and loss statements, Center wise balance sheet and label wise balance, that give you an unparalleled insight.
A foreign exchange gain/loss is the difference between the amount received or paid to settle a currency-related transaction, and the amount that would have been received or paid if the transaction had been settled in the functional currency of both parties. In Gridlex Sky, the foreign exchange gain or loss is created automatically i.e, users do not have to manually enter the foreign exchange details.
Gridlex Sky allows users to filter their invoice based on the customer name, invoice ID, customer ID, due amount, etc.
Expense management is the process of reporting, submitting, approving and reimbursing employee-initiated business expenses except salary. Gridlex Sky offers an integrated employee expense tracking where users can track their individual employee wise expenses like their food expenses, travel expenses, etc.
As per the MCA notification, organizations should be using an accounting software that has an Audit Trail feature (edit log facilities), i.e. every time a transaction is updated, the entire version history and log has to be maintained for audit trail purposes. Gridlex Sky Audit Trail helps organizations to instantly track the date, time, and owner of the transactions. It also records all the modifications and alterations made to the transactions.
With Gridlex Sky, you can restrict users according to their roles and put up restrictions based on security and permission to certain entities.
Gridlex Sky has user approval hierarchies that manage users approval with respect to the transactions. You can set up multiple steps and logic to arrange hierarchies.
Gridlex Sky allows integration of Expenses, CRM and Payroll management software which streamlines all your administrative data and processes seamlessly. Organizations can manage their complete accounting, employee management and customer relationships from one software.
When a user enters any transaction, like sales, purchases, or expenses, Gridlex Sky will automatically update the journal entry. Users do not have to pass the journal entry every time they enter a transaction. In addition, this will be useful for users who don't have any accounting knowledge and want an easy way to manage their accounts.