ZipBooks vs Visual Lease

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Our analysts compared ZipBooks vs Visual Lease based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

ZipBooks is a cloud-based accounting and invoicing platform designed for entrepreneurs and small businesses. It works independently or with certified accountants who will prepare monthly financial statements for a user's business.

It's also available as an iOS app with credit card processing, chart of accounts, business listings, machine learning, time tracking, team management and other capabilities that are specifically designed for the app.
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Visual Lease provides a comprehensive software platform designed to assist businesses with lease accounting and administration. The software is particularly beneficial for companies managing multiple or complex leases, offering a centralized system to track and organize lease data. Visual Lease helps streamline lease management tasks, improve compliance with accounting standards, and reduce overall lease costs.

Key features include lease payment tracking, maintenance scheduling, report generation, and compliance monitoring. The software's pricing falls within the mid-range for similar products and offers various payment options. Customer support is also highly regarded. Visual Lease integrates with other financial systems, providing a seamless experience for managing lease accounting alongside other financial processes.

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Chromebook
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Product Insights

  • User-Friendly Interface: Users don't require a master's degree in accounting to operate ZipBooks because its features and interface are intuitive, making it easy to use no matter the level of experience.  
  • Affordable: ZipBooks offers four payment options with distinct features such as free, smarter, sophisticated and the accountant plan offers adjustable pricing. This makes it a viable option for anyone with a small budget, such as small businesses or freelancers trying to get their careers off the ground. 
  • Knowledgeable Experts: ZipBooks' certified bookkeepers can provide users with financial advice and recommendations when assisting with accounting practices. 
  • Record and Document Tasks: Keeping track of every task, project and file can be cumbersome. Thanks to ZipBooks, users can create and allocate responsibilities to specific projects so everything is chronicled and accessible in one place.  
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  • Supervise Leases: Keep leases centralized in one location, facilitate operations and pinpoint savings for every lease with the lease management module. 
  • Simplify Reporting: Leverage more than 100 pre-built templates to generate reports with ease or create reports from scratch with the reporting generator, providing users with greater customization options. 
  • Compliance Assurance: Leverage easy calculations to guarantee regulatory compliance throughout all stages of the lease process, such as modification, impairment, termination, abandonment and more. 
  • Flexible Data Transfer:  Implement lease data across different companies with protected auditable file transfers and pliant application programming interface (API). 
  • Centralized Financial Management: Merge every crucial financial system, so every piece of data needed is in one place with automatic calculating. 
  • Modifiable: Utilize tailored reports, infinite fields and dashboards to meet individualized organization requirements. 
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  • Accountant Access: Users can easily share information with accountants and financial experts with ZipBooks' accounting accessory. This tool enables users to effortlessly track routine transactions and extend completely accurate data for filing taxes, preparing financial reports and asking for sound financial advice to their accountants. The accounts receivable feature enables users to monitor invoices and payments so the money they make and amounts they owe will promptly update in their accounts receivable reports. Users can also review what their clients have already paid, outstanding amounts and the normal amount of time it takes them to pay. Transactions made outside of ZipBooks can be added manually for full accuracy. 
  • Oversee Accounts Receivable: The accounts receivable tool enables users to review their accounts receivable history while also providing smart insights on which particular accounts are paying in a rational timeline. This module also extends an elaborate list of customers who make late payments so users can establish more payment reminders. Users can also create a snapshot of general payment trends in a given year for proper budgeting.  
  • Perform Accurate Bank Reconciliations: Users can employ the bank reconciliation extension in the accounting tool to automatically transfer transaction information into their ZipBooks account so they can always see the most current account balance. This function also allows users to sort and study transactions by placing a checkmark on each transaction that appears on users' bank statements. ZipBooks will even monitor transactions that aren't verified so users will always stay in the know about their finances. Other extensions included within the accounting tool include bank connecting, auto-categorization, chart of accounts, project accounting and tagging. This tool is also supplied with several reports such as aging, balance sheet, general ledger, income statement, taxes invoiced and trial balance. 
  • Regulate Billing Processes: ZipBooks' billing management accessory allows users to choose regular or subscription-based invoicing for constant billing to fit their needs. Users can personalize their invoices with logos, particular colors and contact information. This tool can also trace customer payments, invoice history, overdue balances and collected taxes and alert users when an invoice has been paid. The credit card processing extension enables users to accept payments from every major credit company from approximately 22 various countries. Users can also take digital payments from Square and PayPal.  
  • Initiate Concurrent Bills: Thanks to the recurring billing function, users can set up future payments and never worry about them getting to the right customer again. There are dynamic features users can adjust to instantly autofill invoices with precise customer information. This function can immediately bill customer credit cards on a monthly basis and securely store credit card information. Other functions that come with the billing module include estimates, invoices, customer management, mobile access, multi-currency, reminders, saved items, team management and time tracking.  
  • Machine Learning Insights: ZipBooks' machine learning function of the intelligence module is similar to adding a supercomputer to a user's team because it blends work with research to immediately pick a category for each transaction. The more users work with the machine learning tool, the more it can learn about the way they chronicle and sort their transactions until it can auto-categorize. If there's a classifying error, users can make the correction and the extension will learn from its mistakes. The machine learning function will also categorize every bank transaction that a user imports and provide a confidence score based on their accounting knowledge and history.  
  • Thorough Business Wellness Check: Users can implement the business health score extension to check and finetune the health of their business that will aid in making better business decisions. This function can search for concurrent clients, punctual payments, sales growth and repeating revenue. Other helpful functions within the intelligence accessory include invoice quality score, recommendations and smart search.  
  • Manage Billable Expenses: To get reimbursed for expenses users' business accrue for customers such as paint supplies needed to paint a house or parts to fix a car, users can develop a transaction, mark it as billable and add the name of the client to be billed with the billable expenses function in the expense management tool. The expense will be added to the customer's invoice. The vendor management extension enables users to view expense histories, keep vendor contact information updated, and review payments owed. When users attach a bill or expense to a vendor's name, ZipBooks will instantly pinpoint general contacts as vendors. If users no longer use someone as a vendor but want to keep their contact information handy, they can easily change the name back to contact. Other functions included in the expense management module include receipt saving and split categories. 
  • Deliver Review Invitations: ZipBooks' growth accessory's reviews extension enables users to automatically or manually send invitations via email or text message to clients to review their business online. Users can employ ZipBooks' widget component to share customer reviews onto their website. This extension also allows users to reply to customer reviews on Google, Facebook, Yelp and other platforms. 
  • Locate and Manage Search Ranks: The ranking function in the growth module permits users to see where their business ranks in search results based on specific keywords customers may use when searching for a business, service or product on maps, computers or mobile search apps. Users can accordingly add keywords for more insight and install parameters to identify searches within particular target areas. This function also allows users to track the progress of their rankings such as rising, falling or consistencies. Other extensions within the growth accessory include widgets and business listings.  
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  • Reporting: Create various detailed template-based or ad-hoc reports with the reporting apparatus. Users may also customize documents according to lease type, location, contract date and other valuable information. 
  • Integrations:  Integrate with other solutions such as SAP, Sage, Looker, Tableau, Qlik and more to upload journal entries into general ledgers and evaluate data with the right BI tools. 
  • All-Inclusive Audit Trail: Evaluate changes made with the detailed audit trail component and verify if all actions meet regulations with the approval workflows and permissions extensions. 
  • Chronicle Leases: Record essential dates, contacts, and terms linked to every lease and swiftly search for needed information. 
  • Importing: Import journal entries into general ledgers or trace rent via accounts payable. 
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Product Ranking

#33

among all
Accounting Software

#184

among all
Accounting Software

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User Sentiment Summary

Excellent User Sentiment 300 reviews
Excellent User Sentiment 110 reviews
92%
of users recommend this product

ZipBooks has a 'excellent' User Satisfaction Rating of 92% when considering 300 user reviews from 5 recognized software review sites.

94%
of users recommend this product

Visual Lease has a 'excellent' User Satisfaction Rating of 94% when considering 110 user reviews from 2 recognized software review sites.

5.0 (15)
n/a
4.8 (78)
n/a
4.5 (93)
4.65 (55)
4.5 (99)
4.7 (55)
4.1 (15)
n/a

Awards

ZipBooks stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Visual Lease stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Free Plan: ZipBooks offers a free plan that includes unlimited invoices, the ability to accept digital payments, and basic reporting features, making it a cost-effective solution for freelancers and small businesses with basic accounting needs.
User-Friendly Interface: The platform is known for its intuitive and easy-to-navigate interface, allowing users to quickly create professional invoices, track expenses, and manage their finances without extensive accounting knowledge.
Time Tracking: ZipBooks includes time-tracking tools that enable users to accurately record billable hours for projects and clients, simplifying the process of generating invoices based on actual time spent.
Integrations: ZipBooks integrates with popular payment gateways like PayPal and Square, as well as other business tools such as Slack and Google Calendar, streamlining workflows and reducing manual data entry.
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Centralized Lease Repository: Visual Lease provides a single platform to store and manage all lease agreements, eliminating the need for paper files or spreadsheets. This allows for easy access to lease data and documents, improving efficiency and organization.
Automated Lease Accounting: The software automates lease accounting calculations, ensuring compliance with ASC 842 and IFRS 16 standards. This reduces the risk of errors and saves time for accounting teams.
Lease Reporting and Analytics: Visual Lease offers robust reporting and analytics capabilities, providing insights into lease portfolios and enabling data-driven decision-making. Users can generate custom reports on key lease metrics, such as lease expirations, rent obligations, and critical dates.
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Limited Integrations: ZipBooks may not integrate with all the applications a business uses, potentially leading to manual data entry and reduced efficiency.
Scalability Concerns: Some users have expressed concerns about ZipBooks' ability to handle the needs of larger businesses or those with more complex accounting requirements as they grow.
Customer Support: While ZipBooks offers support, some users have reported challenges in obtaining timely or comprehensive assistance for their inquiries.
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Limited Customization: Users have expressed frustration with the lack of flexibility in tailoring reports and dashboards to their specific needs, especially when it comes to intricate lease accounting calculations.
Usability Challenges: Navigating the platform's interface and features can be cumbersome, particularly for those new to lease accounting software. The learning curve can be steep, leading to inefficiencies and a need for extensive training.
Integration Issues: Integrating Visual Lease with existing accounting systems or other software can pose challenges, requiring additional configuration and potentially leading to data synchronization problems.
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ZipBooks: Accounting made easy. ZipBooks is a cloud-based accounting software that helps small businesses manage their finances, but how does it stack up against the competition? Users appreciate its ease of use and affordability, making it a great choice for those who are new to accounting software or have a limited budget. The platform offers features like invoicing, expense tracking, and basic reporting, which are essential for many small businesses. However, some users have noted that ZipBooks lacks more advanced features found in other accounting software, such as inventory management and in-depth financial reporting. Additionally, customer support has received mixed reviews, with some users finding it helpful while others have experienced challenges. One of ZipBooks' unique features is its integration with popular business apps like QuickBooks, Google Drive, and Salesforce, allowing for seamless data transfer and increased efficiency. The software also includes project management tools, which can be beneficial for businesses that need to track time and tasks. ZipBooks offers a free starter plan, making it an attractive option for budget-conscious businesses. Paid plans provide additional features, such as payroll integration and reputation management. Overall, ZipBooks is a solid choice for freelancers and small businesses that prioritize ease of use and affordability. However, businesses with more complex accounting needs or those requiring extensive customer support may want to explore other options like QuickBooks Online or Xero.

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Visual Lease appears to be a popular choice among businesses for managing their lease accounting needs, especially those seeking to comply with regulations like FASB, IFRS, GASB, and ISSB. Users frequently praise its user-friendly interface, which simplifies tasks such as tracking expenses, handling invoices, and generating reports. This ease of use is a major plus, as it allows teams to quickly get up to speed with the software without extensive training. Additionally, Visual Lease offers a comprehensive suite of features covering various aspects of lease accounting, from asset lifecycle management and portfolio management to budgeting, forecasting, and tax management. This breadth of functionality makes it a versatile tool that can adapt to the diverse needs of different organizations. While some users note that the software can be complex initially and may require some guidance during implementation, the available support team is often commended for their responsiveness and helpfulness in addressing any challenges that arise. However, it's important to consider potential drawbacks. Some users mention that the pricing structure of Visual Lease might be a hurdle for smaller businesses with tighter budgets. Additionally, while the software's extensive features are generally seen as a strength, they can also contribute to a steeper learning curve for new users. Despite these considerations, Visual Lease seems to be a good fit for organizations of all sizes seeking a robust and user-friendly solution for lease accounting and management. Its ability to streamline processes, ensure compliance, and provide valuable insights into lease portfolios makes it a valuable asset for businesses looking to optimize their lease management practices.

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