Updated: Mar 17
Managing your money can be a challenging task sometimes, especially as we juggle our small businesses and multiple sources of income. The process of tracking expenses, profits, sales, budgets and keeping up with the bank balance can be a little tough or challenging and that’s where finance apps come in. Finance apps help in making life easier and they can save you a lot of bucks especially if you are a Business owner.
Finance apps can connect with multiple bank accounts and help you keep up with your spending. Meanwhile, the best finance apps for small business owners are designed to let you focus on what is most important and leave the computing and calculations to the computers. Most of these apps are free or considerably affordable.
However, if you looking for the best financial apps, it’s important to consider if the features are what you need, some of the questions you should ask yourself before making a decision are:
Does the app help you to reach your goals (whether that’s expenditure tracking or tax payments alerts)?
Is the app equipped with high-level security and fast real-time execution?
What do you need from the app, a friendly user interface or more advanced technological features?
In this blog we are going to go through some of my top five apps that I use for myself and my business.
XERO for your Accounting
Xero is an accounting software that does all your accounting for you. It has features and tools built for small businesses, accountants and bookkeepers.
Some of the features included are:
Reporting and many more it has about 17 features in total and are all very important for personal finance and Businesses.
2. Gusto for business owners
Gusto helps small business owners run their businesses and teams. The app makes your company payroll, tax and benefits process more efficient. In addition to managing online employee on boarding, Gusto handles new-hire reporting and all local, state and federal tax filings; automates deductions for benefits and workers’ payments; it also emails digital pay stubs to employees.
3. QuickBooks for Accounting
Unfortunately is only on the App store for apple users. QuickBooks Subscriptions start from US$15.
Its features include:
Tracking sales and sales tax.
4. Mint for Personal Finance
Mint could be by far the best personal finance app and it is the NO1 most downloaded finance app. You might begin to wonder why it's number four on my list, but for mint the key word is Personal. While it could be the number one app for personal finance it is not the same for Business owners as it just doesn’t have some of the most important features that a Business owner needs.
The Features Include:
Bill payment tracker
Budgeting goal tracker
Free credit score
Categorizes bank transactions
Keeps all your accounts in one place
5. Robin hood for Stock traders
Robinhood is a free-trading app that lets investors’ trade stocks, options, exchange-traded funds and crypto currency without paying commissions or fees. Currently it is one of the few brokers that gives investors the opportunity to trade crypto currency.