Are you forever going overdrawn? Do you find it hard to keep track of how much your business spends or how much tax you have to pay?
If you don’t want to end up poor, in debt and out of business, it’s time to take control of your business’s finances once and for all. Lucky for you, it’s never been easier to do just that, thanks to all of the great business finance apps available to use.
Moneybook is one of the simplest, but also one of the most effective apps available for looking after business finances. When you download it to your smartphone, it will track all of your financial operations which will be displayed to us in the form of animated stats.
You can track your expenses and record profits, and it will also deal with exchange rates for you, so if you’re doing business overseas, it is a must have.
Okay, so this isn’t an app – it’s a piece of software – but it is the perfect tool for tracking your finances with ease. Using a simple spreadsheet, you can track your incomings and outgoings to the penny, and this will help you to get things under control.
If you have advanced excel skills visit this website to enrol on a course , you can even write your own scripts to calculate your tax, plot your progress and, well a million other finance related things.
It’s a great tool and many of you probably already have it on your laptops and computers, so put it to good use.
Venmo, which you can read more about at this website is highly recommended by Forbes magazine because it makes sending and receiving money between businesses, customers and clients simpler than ever before via cell phone.
It will also store info on debts, so you won’t forget who owes who and you’ll be able to run your business much more efficiently as a result.
If you find it hard to keep on top of your profits and expenses, not to mention your tax, using FreshBooks, which is very user-friendly to track your income and expenses, time spent on a job (ideal for freelancers and the self-employed) and track your taxes, it is the solution for you. Give it a try, and I’m sure you will agree.
Mint: Money Manager
Although Mint: Money Manager hasn’t made it to the UK yet, it is worth mentioning because it is a fantastic app that makes budgeting and cutting your expenditure really easy by tracking all of your financial transactions via your bank accounts.
It will also remind you when bills are due and recommend accounts with better interest rates, so you can make your money work for you both in business and in your personal life. So, make sure you keep an eye out for its rollout into this country!
Do you use any apps to track your small business finances? Which ones do you use? How do they help you manage your business?