Evaluation of ZipBook Software for Financial Management in Healthcare

This report delves into the application of ZipBook software within the healthcare industry, focusing on its features and functionalities for financial management. It begins with an executive summary and then explores how ZipBook can be used for financial monitoring, detailing aspects like account receivable ageing, balance sheets, general ledgers, and income statements. The report then reviews ZipBook's capabilities, including its cloud-based accounting features, project management tools, and invoice financing options. An evaluation of ZipBook's suitability for healthcare organizations is presented, highlighting its potential to streamline data management, improve operational efficiency, and ensure regulatory compliance. The report concludes with an auditing section, outlining ZipBook's features for checking ledgers, analyzing payables and receivables, and managing payroll, ultimately aiming to provide a cost-effective solution for healthcare financial management. References to relevant sources are included at the end.

RUNNING HEAD: APPLICATION OF FINANCIAL SOFTWARE
1
Topic Name: Application of Financial Software
Student’s Name:
University Name:

Application of Financial Software
2
Contents
Executive Summary.........................................................................................................................3
Financially Monitored.....................................................................................................................4
Reviewed.........................................................................................................................................6
Evaluation........................................................................................................................................7
Auditing...........................................................................................................................................8
References......................................................................................................................................10

Application of Financial Software
3
Executive Summary
While in the first part, we have originated and compared with the two software and also been
able to devise a collaborate ideas of the financial planning along with the given agenda of the
budgeting, administration and comparing with the reporting systems. In the current assignment,
our main aim would be to discuss a brief about the function of ZipBook Software along with the
relation of the features that can help to use better the software to upgrade the organization which
can grow. It has to be originated and discussed from the eye of the healthcare organization,
which would be briefly be discussed about the features along with the origin of the organization
within the accounting and finance.
Now our focus would be on the features of the ZipBookkeeping.

Application of Financial Software
4
Financially Monitored
The method of the ZipBook is thought to be a software f planning done for accounting purposes.
It is defined as a software that is also briefly developed to introduce within the given
organizations that can help to define with the accounting purposes. To capture how there can be
a ZipBook to devise requirements, which would help to relate with the healthcare centre that can
help to integrate with the accounting. TO have the given Financial reporting, it also has to briefly
feature and include how there can be the company which would be able to integrate the financial
performances regularly. TO be able to define and integrate the relation of the monitoring
financial performance, it also has to devise with the key objectives that which would help to
define the given question related to the whole system works.
To understand the meaning of the accounting software ZipBook, it would help to define
with the given origin of the monitor to integrate with the financial performances which would
help to originate with the reporting-:
 Account Receivable Ageing
 Balance sheet
 General Ledger
 Income Sheet
 Taxes Invoiced
 Trial Balance
To understand how we can apply the given ZipBook software, it is best suited to examine
financially monitoring.

Application of Financial Software
5
Account Receivable Ageing:- It is devised as a software that can help to define with the
transactions history along with the possibility of the report that can help to analyze the needs to
settle. It is also defined as a software that can help to create the customers that can help to relate
with he pay late to the user and can help them to remember it.
Balance Sheet:- Part of the ZipBook which is to track the balance sheet and can help to originate
with the track of the assets along with the liabilities and requirement of the owner's equity. It is
also defined with the feature's ability of the assets, liabilities along with the equity, which can
help to calculate and associate with the total profit of the given company. It is the software that
can help to calculate with the different categories and is also called as a way to define the asset
of the organization.
General Ledger:- It is where the organization would help to define the given accounts along with
the related transaction meaning within the given specific time. It would help to relate with the
general ledger and define with the customers of the specific or straightforward transaction
details.
Income Statement: There is also a need to define with the financial monitoring examines the
Income Statement. It helps to consider the profit or loss of the company and examines all the
related part of the gained and also the related parameters of the sale of the inventory, expenses
made, etc. The software segregates the given income and the loss of the company and corrects
the entry automatically.
Taxes Invoiced: It helps to define with the unlimited and the given relation of the taxes invoiced
to the given origin.

Application of Financial Software
6
Trial Balance: It considers the debits and credit and can help o regenerate with the origin of the
trial balance reports that can help to define and match with the debit and credit. If at all any error
is found, it would inform the user and produce.
Reviewed
It is also a part of the accounting department, which would help given the accounting process
faster, which can make it an easy process. It is also up to the given part of the software related to
the accounting and cloud-based computing software for any the given company. It is also a
service defined as an offers associated with the financial reporting along with the relation of the
core accounting, budgeting and with the given association of the forecasting. The software is also
an exclusive part to include the customized emails along with the bills that would be having a
related part of the themes and messages. It is also defined as online accountability examining
with the software to introduce the direct transactions of the bank. With the direct connection, it is
also introduced as a linking of the bank, which would have the software pulls transaction along
with defining a real-time definition that is part of the company expenses. The part of the Project
Management Tool works with the ZipBook, includes the given part of the user to create tasks
and it would help to be related and introduce with the assigning part of the team members, along
with the track performance which would have a real-time dashboard. It would include the given
defined invoice financing, which would help to define with the credits of the amount within the
24 hours required for the payment. It includes the help of the customer service that can help to
correct the automated responses.
To relate with the health care organization, it is also defined as a system required to associate
with the key connection of the bank and to be able to include the transaction to be calculated
automatically. It is also a related part of the software required for them to use the voice of the

Application of Financial Software
7
software. It includes the invoice generated for the income and the loss associated with the
company.
Evaluation
TO define with the given software of the Zipbook applied in the healthcare industry, it is also
defined as a huge possibility To examine how there can be a usual aspect of the usefulness of the
Zipbook within the given healthcare industry, along with understanding the given current market
trend and having a defined part of the future of healthcare. It is all a Zipbook relates to the cloud-
based accounting software connecting with the accounts and organizations that can help to define
with the invoicing and billing along with the reviewing part of the forecasting growth. It can
define with the healthcare organization related to the Zipbook.
• To introduce the paper-based data along with the defined part of the thousands of patient that
can help to files and records. There is also a need to relate with the file defined with the medical
insurances along with the government health plans, and it would be defined as a scattered
condition. There can also be defined as one file got missing, that can help to create with the huge
mess along with the hamper medical treatment too. There can also be a software focusing on the
unified and streamlined. To introduce the patient records and examines with the prescriptions,
bills along with the introducing of the data and it can be stored within the one part of the data in
the cloud, without fearing the losing data as well (Callanan, 2019).
• TO relate with the integration of the Zipbook relates with the healthcare to be exclusive par of
the operating efficiency. It even includes the accounting software part of the healthcare
organizations related to the overburdened part of the increased internal along with the external
pressure. It even includes how there can be an organization that would be associated with the
given profit. TO be able to build the given data and introduce with the given relation of the

Application of Financial Software
8
insights or with the given real-time-based suggestions, the software can have the below
suggestions-I:
• It would include the analysis of the value of business intelligence along with the given
association of the predictive analytics that can help to relate with the healthcare industry.
Zipbook helps to define with the gathering part of the data at one place, required to associate
with the data which can help to introduce the advance business-related decisions to examine with
the better service and turnout (Callanan, 2019).
• In any the healthcare organization, there is a key requirement of the government rules and
regulations along with the industry standards and with the given quality. The relation of the
Accounting software would help the organization that can match with the decrease relation fo the
regulatory compliance cost, and with the given form of the reduction to the risk of failure of
compliance, that can help to restore the assets of the organization.
Auditing
To conclude the auditing part of the Zipbook helps t define the given features-:
• It is also related to how there can be a step to check out numerous ledgers along with the
vouchers, examining the transactions remotely. There is a need of the smart intelligence that can
help top examine with the given transaction to relate with the account details towards the given
transaction. Such as the part of the transaction, associated with the Bank receipt, cash receipt,
credit along with the given debit note, cash transfer, etc. ("Accounting software Features -
ZipBooks", 2019).
• The feature of the Zipbook includes the full analysis of the outstanding payables and
receivables, which can be extracted in easily printable form.

Application of Financial Software
9
• TO define and introduce software, which can keep a check on all the parameters of the
payroll requirements (Hanks, 2019).
• TO examine how their can be an account modules related to the handy and introduce the
everyday part of the day book, voucher register along with the given ledger report, bills ledger,
monthly ledger summery and with the given form of the group summary along with the trial
balance, balance sheet, profit and loss account, audit trail, etc. This can be extracted into the
excel part as well.
• It is also called as a bill reference, which helps to segregate the bills provided by the vendors.
• Easy to track the tracking expenses and helps to track them judicially with the given
reimbursement form.
It is a one stop all for the given solution to the given healthcare organizations that can help to
define the good track and associating with the audit records. There is also a relation fo the ways
to relate to the increased productivity and include the given audit process to equally be easy and
cost effective too.

Application of Financial Software
10
References
Accounting Software for Healthcare Organizations. (2019). Retrieved from
https://www.businessreadysolutions.net/accounting-software-for-healthcare-organizations
Accounting | ZipBooks. (2019). Retrieved from https://zipbooks.com/accounting/
Accounting software Features - ZipBooks. (2019). Retrieved from
http://www.zipbooks.in/features.html
What Are Non-core Accounting Features? | ZipBooks. (2019). Retrieved from
https://zipbooks.com/blog/non-core-accounting-features/
ZipBooks Reviews: Overview, Pricing, and Features. (2019). Retrieved from
https://reviews.financesonline.com/p/zipbooks/
ZipBooks Software - 2019 Reviews, Pricing & Demo. (2019). Retrieved from
https://www.softwareadvice.com/accounting/zipbooks-profile/