ZarMoney Review 2024: Features, Pricing, Pros & Cons

Our Verdict

All-in-one accounting wrapping together finance and business management tools

In ZarMoney we found a comprehensive SaaS accounting solution that brings together invoicing, billing, e-commerce functionality, inventory management, payments, income and expense tracking, financial reporting, and much more. It’s one of the few accounting packages that could genuinely work for freelancers, small businesses, or enterprise-level firms with hundreds of employees. In our view, ZarMoney can simplify the management of vital financial tasks. While its features lean toward retail and e-commerce, we think its breadth of functionality could transform the finance function for any business in any sector.

Pros

  • Exceptional reporting capabilities
  • Connected to 9,500+ US and Canadian banks
  • Loads of third-party integrations, including Zapier

Cons

  • No mobile app available
  • No free forever option
  • Lacks cash-basis reporting

ZarMoney Plans & Pricing

ZarMoney offers three pricing tiers, Entrepreneur ($15 per month for 1 user), Small Business ($20 per month for 2 users), and Enterprise for larger firms ($350 per month for 30 users).

Unlike many of the SaaS products we’ve reviewed, its claim to be an all-in-one solution stands up to scrutiny. There are no add-ons and the core functionality is the same at every level. Any variation in monthly costs will depend on the number of users you register. Small business or large, transparent pricing is always welcome.

Entrepreneur Small Business Enterprise
Monthly Cost $15/month $20/month $350/month
Free Trial ✅ – 14 days ✅ – 14 days Demo
Users 1 2 30
Expense Management
Double Entry
Payroll
Reporting
Customer Support Email and chat, telephone help desk Email and chat, telephone help desk Email and chat, telephone help desk

Entrepreneur – $15/month

ZarMoney’s Entrepreneur entry-level comes in at $15 per month for one user — which looks to us like a great option for freelancers and solopreneurs. That gives you access to ZarMoney’s core capabilities in accounting, invoicing, billing, inventory management, accounts receivable, payment processing, and e-commerce order management. That’s a lot and includes unlimited transactions plus access to customer support.

Small Business – $20/month

When your accounting team grows to two or more, it makes sense to upgrade to the Small Business plan. For $20 per month, you get full functionality for two users and the option to add users incrementally for $10 per. In practical terms, that means a business with 5 users would pay ZarMoney $50 per month.

Enterprise – $350/month

For bigger businesses ZarMoney’s Enterprise plan comes in at $350 per month for 30 users. This robust option features an implementation service with training to make onboarding a team of users easier. A dedicated account rep from ZarMoney rounds out the package. They can help with any tweaks or customizations you need to suit your existing accounting workflow. When you need help ASAP, Enterprise gives you access to priority support.

ZarMoney Overview

Starting price $15 per month
Best for A range of business sizes from freelancers to small enterprises
Customer support Help desk support available 9am-5pm Pacific Time Zone. Email and chat support are also available.
App integrations Stripe, Zapier, Shopify, Gusto, Authorize.net, Mailchimp, and WePay.
Security & Compliance 3-part authentication, 356-bit encrypted data on AES, role-based access controls.
Payroll
Reporting & analytics
Mobile app
Double entry
E-signatures
Auto-alerts and reminders

Features

Given its standard modules for inventory, online payments, 9000+ bank connections, plus all the A-list e-commerce friendly integrations it’s invested in, you wouldn’t be wrong in thinking that ZarMoney is focused on retail. But the sector story doesn’t end there. B2C or B2B, most industries today engage in e-commerce of one kind or another, and we get a distinct impression that ZarMoney has cross-industry ambitions. In addition to e-commerce and retail, it lists dedicated capabilities for wholesale, real estate, legal, construction, non-profit, and professional services. Plus its comprehensive all-in-one offer covers much more than bookkeeping, with features any business could benefit from.

Accounts receivable

ZarMoney's accounts receivable module

ZarMoney gives businesses the ability to create estimates and sales orders while giving customers flexible options for payment terms and even discounts when they pay early. Order status alerts can be sent via text or email so customers can be confident that their orders will arrive as expected. ZarMoney’s accounts receivable module enforces your pre-set credit limits at both the order entry and invoicing stages, helping you keep a lid on credit risk — and an option not many small business accounting solutions offer.

Inventory Management

ZarMoney offers a full inventory management module with impressive features, such as automated daily updates to ensure you’re always displaying the correct number of items in stock and at the correct price or discount. Other functions include 2-step warehouse transfer, customizable product categories, and pick lists. The solution lets you track inventory separately in different warehouses or physical locations, and attach prices to inventory items based on the first-in, first-out (FIFO) method; one of the Generally Accepted Accounting Principles (GAAP) practices.

Reporting

Screenshot of Zarmoney's reporting features

One of the features that reviewers and end users repeatedly highlight is ZarMoney’s advanced analytics capability. Its ZarMoney Insights module offers 40 standard reports with over a thousand options to customize. We found it fairly straightforward to tweak the parameters to our own specifications.

Standard reports include general ledger, balance sheets, P&L statements, accounts receivable analysis, and inventory reports to help you keep track of stock levels. In addition to all the options for uncovering financial insights, ZarMoney adds in 1099 reports for US firms to make compliance with IRS regulations easier.

Bank Integration

ZarMoney is connected to more than 9,600 banks and credit unions in the USA and Canada. It automates the daily import of bank transactions so you can easily approve or edit them. Batch deposits are supported for cash, credit card, and cheque payments. ZarMoney also calculates sales tax and lets you transfer money between bank accounts from inside the solution. All of this comes with a bank reconciliation tool that matches transactions entered in the software with their associated bank transactions automatically.

Given the time it takes to do manual bank reconciliations, we think smaller businesses and freelancers will find this feature especially valuable. And there’s no cap on monthly transactions.

Integrations

ZarMoney’s integrations include marketing and CRM through Mailchimp; card authorizations through Authorize.net; productivity tools including Google Calendar for scheduling tasks and MMC Receipt to quickly scan and upload paper receipts.

You can also connect ZarMoney to Gusto for payroll and HR functionality; and accept payments via Stripe, PayPal, QuickBooks Payments, and Braintree. There’s also a Zapier integration which simplifies connecting a wider range of Zapier-friendly solutions (and there are many).

ZarMoney User Reviews

Users rate ZarMoney highly on G2, where it gathered a glittering 4.8 out of 5 stars. Low cost, an intuitive interface, and the ability to assess the health of your business at a glance from a single dashboard overview screen all get frequent praise from users.

Its mobile functionality comes in for some criticism as there isn’t a dedicated app for iOS or Android, and the experience on a mobile browser drew mixed reviews, with some saying it’s ‘fine’ while others find it hard to use.

A review of ZarMoney

ZarMoney vs Top Competitors

ZarMoney QuickBooks Xero GnuCash
Best for Growing e-commerce businesses who want advanced reporting SMBs with up to 250 employees Mid-sized businesses with several employees Freelancers and sole traders
Starting Price $15 per month $15 per month $29 per month Free
Free Trial Forever Free
Payroll
Reporting Advanced Standard Standard Standard
Mobile App

ZarMoney vs QuickBooks

On a like for like basis, ZarMoney stacks up well against the more established QuickBooks. Both offer comparable features for accounting and financial management. However, ZarMoney’s simple pricing, advanced reporting, inventory management module, and e-commerce functionality give it the edge. Unlike QuickBooks, it has integrations with 9600+ North American banks — though QuickBooks is more international in scope and offers bank connections in multiple countries.

Check out our QuickBooks review.

ZarMoney vs Xero

Xero can’t match ZarMoney’s advanced analytics and reporting, but it does have an edge where bank integration is concerned. One of Xero’s strongest features is seamless reconciliation. You can connect it directly to bank accounts and reconcile bank transactions in real-time. That simplifies cash management dramatically and gives users an immediate snapshot of the firm’s current financial health whenever it’s needed. ZarMoney can include payroll but as a third-party integration with Gusto (i.e. you’ll need a separate Gusto subscription).

Read more in our Xero review.

ZarMoney vs GnuCash

Comparisons between ZarMoney and GnuCash are almost apples to oranges in that GnuCash is laser-focused on freelancers, sole traders, and other micro businesses. On that score it’s great at what it does, making small business accounting as easy as using an old-school paper checkbook. It’s also open source and built on the GNU GPL standard, so innovation and a steady influx of new features should always be in the pipeline. For more mature businesses and those on a growth trajectory, ZarMoney is probably the better fit.

Verdict – is ZarMoney Worth it?

In our view, ZarMoney feels like an accounting solution made for the modern digital economy. Its robust functionality for online sales and marketing makes it a great option for businesses reaping the benefits of the post-COVID shift to e-commerce. It also satisfies the growing appetite for data analytics and dashboard-displayed insights to improve overall business performance.

With a cost-effective and full-featured entry-level plan, a sensible middle option for businesses in scale-up mode, and full-on enterprise support, ZarMoney seems to have something for everyone. End-user rave reviews round out the story. If you’re in the market for an SaaS accounting solution, you owe it to yourself to take out a free trial.

How We Test Accounting Software

Techopedia is a leading authority on business technology. Our independent reviews of accounting software and platforms are designed to help small business owners make better buying decisions.

When we review an accounting software product, we look for positives and negatives in six areas:

  • Pricing – We conduct a thorough comparison of each software platform’s pricing against well-established competitors to ensure an accurate assessment of its affordability in the market.
  • Features – Drawing on our expertise in self-employed accounting software platforms, we juxtapose the features of each provider with those of other leading solutions. Our evaluation covers factors such as ease of use, reporting capabilities, bookkeeping, and security.
  • Integrations – In our assessment of each software platform, we closely examine the available integrations and their contributions to the platform’s effectiveness in helping end users achieve their objectives.
  • Automation – Acknowledging the importance of efficiency and accuracy in accounting software, we systematically test for automation capabilities across every feature. We aim to inform you when a platform has the potential to enhance your productivity.
  • Ease of Use – A platform that proves challenging to navigate can be discouraging and counterproductive. In each review, we approach the user experience as if we are new to accounting software, evaluating how easily non-technical users can navigate the platform.
  • Third-Party Reviews – To provide a comprehensive understanding of a product, we combine our reviews with insights gathered from reputable third-party websites. This approach ensures a well-rounded assessment of the product’s performance and reputation in the broader user community.

How to Choose the Best Accounting Software

When looking for the best accounting software, it is essential to consider multiple factors to ensure the right choice for your business.

  • Cost – Examine the software’s initial and long-term expenses over several years.
  • Features – Explore the features offered in each plan. Opt for a provider that can meet as many of your needs as possible without requiring additional software purchases. When comparing plans from the same provider, don’t overlook essential features available in higher-tier plans.
  • Scalability – Think about your business’s long-term growth plans and evaluate if the software can adapt and scale with an expanding customer base.
  • User-Friendliness – Choose software that is intuitive and user-friendly. This ensures quick realization of its benefits, avoiding lengthy configuration and training processes.
  • Integrations – Confirm that the selected plan includes the integrations necessary for your role.
  • Customer Support – Select a provider with easily accessible support, preferably through 24/7 live chat, ensuring assistance is available whenever required.

FAQs

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Mark De Wolf

Mark is a freelance tech journalist covering software, cybersecurity, and SaaS. His work has appeared in Dow Jones, The Telegraph, SC Magazine, Strategy, InfoWorld, Redshift, and The Startup. He graduated from the Ryerson University School of Journalism with honors where he studied under senior reporters from The New York Times, BBC, and Toronto Star, and paid his way through uni as a jobbing advertising copywriter. In addition, Mark has been an external communications advisor for tech startups and scale-ups, supporting them from launch to successful exit. Success stories include SignRequest (acquired by Box), Zeigo (acquired by Schneider Electric), Prevero (acquired…