One of the more tiresome, frustrating and often dreaded business functions that small business managers and owners have to deal with is their company's finances. While you may not enjoy or excel at this area of business the fact remains that looking after your revenue in an ordered, proficient way has to be done. One solution may lie in mobile apps that aim to make finances a bit easier to deal with.
There are many financial apps out there on the market. Here is an overview of five of the most popular to help make your life a bit easier.
An app is for small business owners on the move. With powerful features like the ability to take pictures of receipts and bills for filing of expenses, to being able to bill or invoice your clients from nearly any mobile device. When you log into the app, you are able to see how much money you are owed and can access features like billing, time tracking, estimates and reports.
Because this system is based in the cloud, it is always up-to-date and is available on nearly any device that can connect to the Internet. Combine this with the FreshBooks accounting system and you have an incredibly powerful, cloud-based accounting system at your fingertips. The app is available on both iTunes and Google Play.
2. Intuit Online Payroll
Intuit's accounting software is among the most popular software used by small businesses and personal users. While most mobile apps allow users to invoice and track expenses, few actually allow you to complete the other half of finance: Paying people. With this app, you can pay your employees, contractors and if you are in the US you can pay your taxes from almost any mobile device.
If you or your employees travel for business, chances are high that they struggle with keeping accurate records of their expenses and filing expense reports when they get back to the office. Expensify is an app that makes the expense process easier.
With this app you take pictures of bills, specify which account they should be filed under, and the app takes care of the rest, creating an expense entry where you can enter a merchant and price. When you are back, simply submit your report and you are done. The app is available for free on iTunes, Google Play, BlackBerry and Windows Phone.
Square is the mobile cash register solution that has started to gain traction with businesses around the world. By attaching a reader to your mobile device, you can accept cash and debit cards, as long as you have an Internet connection.
Other options include a full POS that can be run on a tablet and even dongles that function as a wallet, allowing customers to pay without their credit cards or cash. The app is available free on Google Play and iTunes. Once you download the app you then sign up for the card reader and swiped transactions cost 2.75% of the total transaction.
While keeping track of your company's finances on a mobile device may seem like a good idea, what about your personal finances? It's not uncommon for people to have more than one bank account and multiple credit cards, and keeping track of these can be a tough job. Mint is an app that allows users to monitor their various accounts from one platform.
With this app you can see your investments, bank balances and even retirement savings from your mobile device. You can also set up and maintain budgets, which definitely makes managing personal finances easier. The app also keeps track of your expenses and provides easy to read reports with overviews of how much you are spending and on what. Mint is available for free on Google Play and iTunes.
If you are looking for more solutions to help with your finances, why not contact us today? We may have one that fits your business needs.