Zoho Expense update August 2024
Welcome to the Zoho Expense update August 2024! This covers features and releases from May-July and bring a suite of advanced features and improvements designed to elevate your accounting processes and strengthen your financial management strategies. With enhanced automation capabilities and expanded reporting options, Zoho Expense continues to lead the way in innovation, addressing the evolving needs of businesses around the world.
Join us as we explore the new updates that promise to optimise your financial workflows and boost productivity. Dive into the latest features in our Zoho Expense update August 2024!
Loyalty Programs
Loyalty Programs allow you to keep track of and manage your loyalty points and rewards from airlines and hotels within Zoho Expense.
Prerequisite: You need to create a travel profile to set up loyalty programs. Learn how to add a travel profile if you haven’t done so already.
To create a loyalty program: Go to My View > My Settings > Travel Documents > Loyalty Programs > Add New Program and select your preferred option.
Note: Zoho have renamed the Travel Documents tab to Travel Details to help you manage all your travel information in one place. Here, you can manage your travel profile, loyalty programs, and travel documents
New Preference for Tracking Actuals in Budgets
We are excited to introduce a new feature in Zoho Expense that enhances how you track actuals across your budget categories and sub-categories. This update allows for more precise financial management by offering two tracking options:
- Individual Categories Tracking: With this option, you can monitor actuals separately for each category and its associated sub-categories. For example, if you have a budget of 5000 for the category “Food” with sub-categories “Breakfast,” “Lunch,” and “Dinner” set at 1000, 1500, and 2000 respectively, the actual expenses will be tracked individually for each. This allows for detailed oversight of spending within each specific category and sub-category.
- Sub-Categories Grouped with Parent Categories: Alternatively, you can choose to track actuals by summing the expenses of all sub-categories to calculate the total for their parent category. Using the same example, the actuals for “Food” will be the aggregate of the actuals for “Breakfast,” “Lunch,” and “Dinner.” This provides a consolidated view of the expenses for each parent category, reflecting the combined expenditure of its sub-categories.
Business Benefits of new preferences
- Granular Control: Track expenses with greater detail by viewing actuals for each individual category and sub-category, allowing for more precise budget management.
- Consolidated Overview: Summarize spending at a parent category level to get a quick snapshot of overall expenses, making it easier to manage and review budgets.
- Enhanced Reporting: Gain better insights into spending patterns and make more informed financial decisions based on detailed and aggregated expense data.
This enhancement is designed to give you more flexibility and clarity in managing your budgets, ensuring you stay on top of your expenses with ease.
To use this preference: Go to Admin View > Budgets > New Budget and select a budget. Choose the Budget Type as Category, and select the required preference.
Home Module in Admin View
Zoho have renamed the Dashboard module to Home in the admin view of Zoho Expense. This update brings a refreshed and more intuitive experience for administrators, making it easier to stay informed and manage your organisation’s expense operations effectively.
In the newly named Home module, you can now:
- View Your Organisation’s Dashboard: Access a comprehensive overview of your organisation’s expense metrics and performance at a glance.
- See Recent Updates: Stay updated with the latest changes and enhancements made to the Zoho Expense app, ensuring you’re always aware of new features and improvements.
- Receive Announcements: Get important notifications and announcements directly from the Zoho Expense team, keeping you informed about any critical information or updates.
Business Benefits:
- Streamlined Navigation: Simplify access to key information and functionalities by consolidating essential features under the Home module.
- Up-to-Date Insights: Quickly view recent updates and announcements to stay informed about the latest enhancements and important news.
- Enhanced Oversight: Easily monitor your organisation’s expense performance and updates from a single, centralised location.
This change is designed to improve your overall user experience, providing a more organized and informative interface for managing and tracking your organisation’s expenses.
Android App Updates
- Zoho have added the Cards module to the Android app. In this module, you can view your corporate cards and match the corporate card transactions with expenses.
As we conclude the Zoho Expense update August 2024, we’re excited to see how these enhancements will elevate your accounting experience. From streamlined reports and enhanced transaction capabilities to improved user interfaces and expanded customisation options, these updates are designed to empower your financial management strategies.
We invite you to explore these new features and discover how they can simplify your workflows, increase efficiency, and drive business growth. Should you have any questions or need further assistance why not book a meeting with our experts.