When you raise an invoice in Zoho Books, the system automatically debits Accounts Receivable and credits your selected income account, recording revenue before payment arrives. This is accrual-basis accounting, the default for most Indian businesses. If you switch to cash-basis reporting, revenue is recognised only when payment is received and applied to the invoice.
You can create multiple income accounts to track different revenue streams: “Product Sales,” “Consulting Fees,” and “Annual Maintenance Contracts” as separate lines. Each shows separately on the P&L, making it easy to see which line of business is growing.
In India, every taxable invoice includes GST collected on behalf of the government. The taxable value is your revenue; the GST component is a liability. Zoho Books handles this split automatically. When you raise an invoice for INR 1,18,000 including 18% GST, it posts INR 1,00,000 to your income account and INR 18,000 to GST Output Tax Payable, keeping revenue figures GST-exclusive and compliant with Indian accounting standards.
The Profit and Loss Statement is the primary revenue report. The Sales by Customer and Sales by Item reports give a finer view of who is buying what. For project-based businesses, the Project Profitability report breaks revenue down by project, letting you compare planned vs. actual billing.
Revenue in Zoho Books is income earned by your business from its primary operating activities, such as selling products or providing services, recorded in income-type accounts and shown at the top of the Profit and Loss Statement.
Revenue appears at the top of the Profit and Loss Statement in Zoho Books, broken down by income account. You can create multiple revenue accounts to separate product sales, service fees, and other income streams.
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